$621,000
●
House -
Off Market
203 Pinewood Drive
Apex, NC 27502
4 Beds
3 Baths
2,481 Ft²
$3,444
Est. Monthly
About This Property
Well-maintained RANCH home located in the heart of Apex. A 2006
renovation expanded the home to include an additional primary or
flexible-use suite on the main level, along with a bonus room
upstairs. The home offers 4 bedrooms and 3 full bathrooms on a
.39-acre lot, with space that could accommodate a future garage.
Interior features include hardwood floors in the family and dining
rooms, newer carpet in the bedrooms and bonus room, and LVP
flooring in the kitchen and baths. Additional updates include fresh
interior paint, smooth ceilings, a roof and gutters replaced in
2023, EV charging added in 2024, and a new water heater in 2025.
Solar panels added in 2022 which means little to no utility bill.
No HOA restrictions. Conveniently located approximately ¼ mile from
Apex High School, 1 mile from downtown Apex and Costco, and about
10 miles from Jordan Lake. A rare ranch-style home offering
flexible living spaces in a highly convenient location. 1 year home
warranty with 210 Home Warranty
Unit Size
2,481 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$252
Property Type
House
Property Taxes
$375
HOA Dues
-
Year Built
1985
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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: 9 months ago (TMLS #10142399)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 17, 2026 | Sold | ||
| Sold | |||
| Jan 25, 2026 | In contract | - | |
| In contract | |||
| Jan 21, 2026 | Listed by Coldwell Banker Advantage | $625,000 | |
| Listed by Coldwell Banker Advantage | |||
| Nov 1, 2019 | Sold | ||
| Sold | |||
| Sep 5, 2019 | Listed by Coldwell Banker Advantage | $350,000 | |
| Listed by Coldwell Banker Advantage | |||
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Property Highlights
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 Brookfield
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Listed by: Michelle Gelston, Coldwell Banker Advantage
Last Updated: 9 months ago
Data Source: TMLS, MLS# 10142399
Last Updated: 9 months ago
Data Source: TMLS, MLS# 10142399
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