$535,000
●
House -
Off Market
1401 Patterson Grove Road
Apex, NC 27502
4 Beds
2 Baths,
1
Half Bath
2,013 Ft²
$3,118
Est. Monthly
$48
HOA / Fees
4.44%
Cap Rate
About This Property
Come inside this sunny, inviting home nestled in the sought-after
Pearson Farms community.
This 4 bedroom, 2.5-bath home offers over 2000 square feet of thoughtfully designed living space.
Step into a grand two-story foyer that sets the tone for the home's open and airy layout. Gleaming hardwood floors, a cozy fireplace with gas logs, and abundant natural light create a warm and welcoming atmosphere throughout.
All the bedrooms are upstairs with the laundry room centrally located for convenience. The 4th bedroom could easily be used as a bonus or play room.
Detached storage shed and partial backyard fencing.
Community amenities include pool and tennis courts.
Located just minutes from top-rated schools, shopping, and dining, it's a perfect fit for families or anyone seeking comfort and community in Apex.
This 4 bedroom, 2.5-bath home offers over 2000 square feet of thoughtfully designed living space.
Step into a grand two-story foyer that sets the tone for the home's open and airy layout. Gleaming hardwood floors, a cozy fireplace with gas logs, and abundant natural light create a warm and welcoming atmosphere throughout.
All the bedrooms are upstairs with the laundry room centrally located for convenience. The 4th bedroom could easily be used as a bonus or play room.
Detached storage shed and partial backyard fencing.
Community amenities include pool and tennis courts.
Located just minutes from top-rated schools, shopping, and dining, it's a perfect fit for families or anyone seeking comfort and community in Apex.
Unit Size
2,013 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$273
Property Type
House
Property Taxes
$369
HOA Dues
$48
Year Built
1997
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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 #10124910)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 17, 2025 | Sold | ||
| Sold | |||
| Oct 1, 2025 | Listed by Real Broker, LLC | $550,000 | |
| Listed by Real Broker, LLC | |||
| Aug 8, 2025 | Price Decreased |
$550,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Jul 10, 2025 | Listed | $560,000 | |
| Listed | |||
| | |||
|
Come inside this sunny, inviting home nestled in the sought-after Pearson Farms community.
This 4 bedroom, 2.5-bath home offers over 2000 square feet of thoughtfully designed living space.
Step into a grand two-story foyer that sets the tone for the home's open and airy layout. Gleaming hardwood floors, a cozy fireplace with gas logs, and abundant natural light create a warm and welcoming atmosphere throughout.
All the bedrooms are upstairs with the laundry room centrally located for convenience. The 4th bedroom could easily be used as a bonus or play room.
Detached storage shed and partial backyard fencing.
Community amenities include pool and tennis courts.
Located just minutes from top-rated schools, shopping, and dining, it's a perfect fit for families or anyone seeking comfort and community in Apex.
| |||
| Jul 25, 2008 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Pearson Farms
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Kimberly Pappalardo, Real Broker, LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10124910
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10124910
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