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Apex 27502 Pearson Farms
1200 Garden Gate Place
$400,000
● House - Off Market

1200 Garden Gate Place

Apex, NC 27502
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,573 Ft²
$579,450
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

Welcome Home to desirable Pearson Farms! This fantastic 4 Bedroom + Loft + Bonus Room home is perfectly located in a CUL-DE-SAC on over .50 an acre! The updated Kitchen features GRANITE counters and tons of STORAGE including a walk-in pantry/utility room. Main floor Owners Suite also has access to the amazing SCREENED PORCH. Outdoor living abounds, featuring a gas fire pit. Main flr HVAC- 2016, Roof - 2018, LVP scratch & water resistant flooring added on main floor - 2019, Water Heater - 2020. Hurry!
Unit Size
2,573 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$159
Property Type
House
Property Taxes
$294
HOA Dues
$35
Year Built
1995

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (TMLS #2304979)

Price History

Date / Event Date Event Price
May 28, 2020 Sold
Premium
Sold
Mar 1, 2020 Listed by Keller Williams Realty Cary $410,000
Listed by Keller Williams Realty Cary
Feb 13, 2015 Sold
Premium
Sold
Jan 1, 2015 Listed by Keller Williams Realty Cary $317,000
Listed by Keller Williams Realty Cary

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 480
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,651
  • Total Building Area: 2,682
  • Building Area: 2,682
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,682
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEARSON FARMS SUB
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LO9 PEARSON FARMS SUB PH1A BM1995-925

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053414

Zoning

  • Zoning: MD-CU

Geography

  • Account Number: 0215553
  • District: 20
  • Parcel: 0732.19-52-7465 0215553
  • Lot: 9
  • Municipality: WHITE OAK
  • Latitude: 35.735
  • Longitude: -78.8795

    Address

  • Full Address: 1200 Garden Gate Pl
  • Address - House Number: 1200
  • Address - Street Name: Garden Gate
  • Address - Suffix Type: Pl
  • State: NC
  • City Name: Apex
  • Carrier Code: R025
  • 4-Digit Zip Code: 6737
  • Zip Code: 27502

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $339,872

    Appraisal Valuation

  • Standard Deviation: 0.1281
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 85
  • Final Value: 629,855
  • High Value: 710,557
  • Low Value: 549,154

    Market Valuation

  • Market Total Value: $373,190
  • Market Land Value: $88,000
  • Market Improvement Value: $285,190

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $373,190
  • Assessed Land Value: $88,000
  • Assessed Improvements Value: $285,190

    Sales

  • Current Sale Contract Date: May 27, 2020
  • Current Sale Recording Date: May 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Feb 13, 2015
  • Previous Sale Contract Date: Feb 13, 2015
  • Previous Sale Amount: $317,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Pearson Farms

Stats & Trends

Median Asking:

$575,000

Sale Price/ft²

$253

Below Asking

0.03%

Average Days on Market

97

Average Home Size

2314 ft²

Average Home Age

27.8 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1412 Willow Leaf Way, Apex, NC, 27502

$2,600 /mo

  • 4 Beds
  • 2 Baths
1412 Willow Leaf Way, Apex, NC, 27502 Listing by Tricia Markulin
Unit for rent at 429 Hopwood Way, Apex, NC, 27523

$2,700 /mo

  • 4 Beds
  • 3 Baths
  • 2,560 ft²
429 Hopwood Way, Apex, NC, 27523 Listing by Kavya Sri Vadde
Unit for rent at 1124 Finch Court, Apex, NC, 27502

$2,350 /mo

  • 4 Beds
  • 3 Baths
  • 2,250 ft²
1124 Finch Court, Apex, NC, 27502 Listing by Shiv Nunna

Rentals Near You

Click here to view more rentals in the neighborhood.
TMLS

Listed by: Nancy Grace, Keller Williams Realty Cary
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2304979
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Frequently Asked Questions

When was property at 1200 Garden Gate Place built and last sold?
The property at 1200 Garden Gate Place was built in 1995 and last sold on May 27, 2020 for $400,000.
How much is this home worth?
The estimated value of the home located at 1200 Garden Gate Place is $0.
What are some comparable homes to 1200 Garden Gate Place?
There are currently no comparable homes to 1200 Garden Gate Place.
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