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Wake 27539
5524 Bobbitt Road
Photo of 5524 Bobbitt Road
Sold on May 9, 2018

3

Map

Photo of 5524 Bobbitt Road
Photo of 5524 Bobbitt Road
$92,000
● House - Off Market

5524 Bobbitt Road

Apex, NC 27539
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,083 Ft²
$114,195
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

This home sits on .74 acres in one of the hottest towns in the NC! The property has loads of potential but will likely need a full renovation. Home would be great for an Investor or Builder ready for the challenge of a remodel. This deal won't last long so schedule a showing today ! Property is being sold AS-IS
Unit Size
1,083 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$69
Property Type
House
Property Taxes
$17
HOA Dues
-
Year Built
1953

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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: 5 months ago (TMLS #2177583)

Price History

Date / Event Date Event Price
Dec 22, 2021 Sold
Premium
Sold
Nov 5, 2021 Listed by Quality Housing Solutions, Inc $275,000
Listed by Quality Housing Solutions, Inc
May 9, 2018 Sold
Premium
Sold
Mar 8, 2018 Listed by Quality Housing Solutions, Inc $75,000
Listed by Quality Housing Solutions, Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 2003
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,234
  • Total Building Area: 1,064
  • Building Area: 1,064
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,064
  • Heating Fuel Type: 9

    Utilities

  • Sewer System: 0
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000740
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: ROGERS LD

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: 23
  • Census Tract: 053420

Zoning

  • Zoning: RR

Geography

  • Account Number: 0010449
  • District: 20
  • Parcel: 0740.02-98-5325 0010449
  • Municipality: WHITE OAK
  • Latitude: 35.6962
  • Longitude: -78.8331

    Address

  • Full Address: 5524 Bobbitt Rd
  • Address - House Number: 5524
  • Address - Street Name: Bobbitt
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Apex
  • Carrier Code: R042
  • 4-Digit Zip Code: 8767
  • Zip Code: 27539

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $109,661

    Appraisal Valuation

  • Standard Deviation: 0.1378
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 83
  • Final Value: 217,166
  • High Value: 247,114
  • Low Value: 187,219

    Market Valuation

  • Market Total Value: $149,073
  • Market Land Value: $66,000
  • Market Improvement Value: $83,073

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $149,073
  • Assessed Land Value: $66,000
  • Assessed Improvements Value: $83,073

    Sales

  • Current Sale Contract Date: Dec 17, 2021
  • Current Sale Recording Date: Dec 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: May 09, 2018
  • Previous Sale Contract Date: May 09, 2018
  • Previous Sale Amount: $92,000
  • 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 Wake

Stats & Trends

Median Asking:

$470,000

Sale Price/ft²

$223

Below Asking

0.02%

Average Days on Market

71

Average Home Size

2491 ft²

Average Home Age

18.5 years

Currently For Sale

5056 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 1333 Center Street, Apex, NC, 27502

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,920 ft²
1333 Center Street, Apex, NC, 27502 Listing by Andrew Santucci
Unit for rent at 536 Gooseberry Drive, Holly Springs, NC, 27540

$2,200 /mo

  • 4 Beds
  • 2 Baths
  • 1,872 ft²
536 Gooseberry Drive, Holly Springs, NC, 27540 Listing by Johnna Spivey
Unit for rent at 103 Doves Haven Drive, Apex, NC, 27539

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,500 ft²
103 Doves Haven Drive, Apex, NC, 27539 Listing by Tamisha Lane

Rentals Near You

Click here to view more rentals in the neighborhood.
TMLS

Listed by: Phionne Weir, Quality Housing Solutions, Inc
Last Updated: 5 months ago
Data Source: TMLS, MLS# 2177583
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 5524 Bobbitt Road built and last sold?
The property at 5524 Bobbitt Road was built in 1953 and last sold on Dec 17, 2021 for $255,000.
How much is this home worth?
The estimated value of the home located at 5524 Bobbitt Road is $0.
What are some comparable homes to 5524 Bobbitt Road?
There are currently no comparable homes to 5524 Bobbitt Road.
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