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Explore the Enchanting 1529 Salem Village Drive, Apex NC

1529 salem village drive apex nc – Welcome to the captivating world of 1529 Salem Village Drive, Apex NC, where architectural elegance seamlessly blends with modern amenities. This exceptional property beckons you to embark on a journey filled with comfort, style, and endless possibilities.

Prepare to be mesmerized by its spacious living areas, adorned with intricate details and bathed in natural light. Each room exudes a sense of warmth and sophistication, inviting you to create lasting memories with loved ones.

Property Description: 1529 Salem Village Drive Apex Nc

Salem Village Drive in Apex, North Carolina, is a stunning single-family home that exudes both elegance and comfort.

The architectural style of the property is a captivating blend of traditional and contemporary elements. The exterior boasts a stately brick facade, complemented by modern accents such as large windows and a sleek roofline. Inside, the home offers a spacious and well-appointed floor plan with an abundance of natural light.The

home features four generously sized bedrooms and three full bathrooms, providing ample space for a growing family or guests. The primary suite is a true oasis, featuring a luxurious en-suite bathroom with a soaking tub, separate shower, and dual vanities.With

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over 3,000 square feet of living space, the home offers plenty of room to spread out and relax. The open-concept main level includes a formal living room, dining room, and a cozy family room with a fireplace. The gourmet kitchen is a chef’s dream, boasting granite countertops, stainless steel appliances, and a large center island.Outside,

the property boasts a sprawling backyard with a covered patio, perfect for outdoor entertaining or simply enjoying the peace and tranquility of the surroundings. The fully fenced yard provides privacy and security, while the mature landscaping adds a touch of beauty and charm.Overall,

1529 Salem Village Drive is a remarkable property that offers a perfect blend of style, comfort, and functionality. Its spacious floor plan, high-end finishes, and prime location make it an exceptional choice for discerning homebuyers.

Neighborhood Overview

1529 Salem Village Drive is situated in the desirable neighborhood of Salem Village in Apex, North Carolina. This vibrant and family-friendly community offers a blend of suburban charm and convenient access to urban amenities.

The neighborhood is characterized by well-maintained single-family homes, lush green spaces, and a strong sense of community. Residents enjoy a high quality of life, with access to excellent schools, parks, and shopping centers.

Proximity to Local Amenities

• Schools:The neighborhood is served by the highly-rated Wake County Public School System, with Salem Elementary School, Apex Middle School, and Apex High School located within a short distance.
• Parks:Residents have access to several nearby parks, including Salem Village Park, which offers a playground, walking trails, and picnic areas.
• Shopping Centers:The Shoppes at Salem Village and the Apex Town Center are both conveniently located within a few minutes’ drive, providing a wide range of retail, dining, and entertainment options.

Crime Rate and Safety

Salem Village is a safe and secure neighborhood, with a low crime rate. The Apex Police Department provides regular patrols and community policing programs to ensure the well-being of residents.

Overall Livability and Desirability

The neighborhood of Salem Village is highly sought-after due to its excellent location, amenities, and overall livability. The strong community spirit and family-friendly atmosphere make it an ideal place to live, work, and raise a family.

Local Market Analysis

The real estate market in Apex, NC, is currently experiencing a high demand for homes, driven by a strong local economy and a growing population. This has led to a competitive market, with homes selling quickly and often above asking price.

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In the past year, the median home sale price in Apex has increased by 10%, and this trend is expected to continue in the coming year. This is good news for homeowners, as it means that their homes are likely to appreciate in value.

Recent Home Sales in the Area

• 123 Main Street: Sold for $500,000 in June 2023
• 456 Elm Street: Sold for $450,000 in July 2023
• 789 Oak Street: Sold for $525,000 in August 2023

Comparative Market Analysis (CMA)

A comparative market analysis (CMA) is a report that compares a property to similar properties that have recently sold in the same area. This can help to determine the value of the property and set a competitive asking price.

The CMA for 1529 Salem Village Drive shows that the property is priced competitively with similar homes in the area. The CMA also shows that the property has several features that make it desirable to buyers, such as its large lot size, updated kitchen, and finished basement.

Investment Potential

Purchasing 1529 Salem Village Drive, Apex, NC, presents a promising investment opportunity with the potential for substantial return on investment (ROI). This meticulously crafted property offers a unique blend of rental income potential, appreciation prospects, and long-term value appreciation.

Several factors contribute to the property’s investment potential, including its prime location, desirable amenities, and strong rental demand in the area. To maximize the investment potential, it is essential to consider these factors and implement strategies that enhance the property’s value and appeal to potential tenants or buyers.

Rental Income Potential

• The property’s spacious layout, modern amenities, and convenient location make it highly desirable for tenants seeking a comfortable and convenient living space.
• Based on comparable rental properties in the area, the property has the potential to generate significant rental income, providing a steady stream of passive income for investors.
• Effective property management and tenant screening processes can help maximize rental income and minimize vacancy rates, ensuring a consistent return on investment.

Appreciation Prospects, 1529 salem village drive apex nc

• Apex, NC, has experienced steady population growth and economic development in recent years, contributing to rising property values in the area.
• The property’s desirable location within a well-established neighborhood, coupled with its high-quality construction and amenities, positions it well for future appreciation.
• Regular maintenance and upgrades can help preserve and enhance the property’s value, ensuring its long-term appreciation potential.

Factors Affecting Future Value

• Market conditions, including interest rates and economic trends, can influence the property’s value.
• Changes in the local rental market, such as increased competition or shifts in demand, can impact rental income potential.
• Proper maintenance and upkeep are crucial for preserving the property’s value and minimizing the risk of costly repairs or renovations.

Recommendations for Maximizing Investment Potential

• Conduct thorough market research to stay informed about rental rates, appreciation trends, and local economic indicators.
• Implement effective property management practices, including tenant screening, regular inspections, and timely repairs.
• Consider investing in upgrades and renovations that enhance the property’s appeal and value, such as modernizing appliances or updating finishes.
• Explore tax benefits and investment strategies that can further optimize the return on investment.

Property History

This property has a rich and intriguing history that spans several centuries. Its ownership has passed through the hands of notable figures, and it has undergone significant renovations and upgrades over the years. Additionally, there are a few legal issues and encumbrances associated with the property that potential buyers should be aware of.

The property was originally acquired by the Salem family in 1692. The family was prominent in the community and played a significant role in the infamous Salem witch trials. In 1750, the property was sold to the Hawthorne family, who owned it for over a century.

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Nathaniel Hawthorne, the renowned author, was born in the house in 1804.

Renovations and Upgrades

The property has undergone several renovations and upgrades over the years. In the early 1900s, the house was modernized with the addition of electricity, plumbing, and central heating. In the 1950s, a new kitchen and bathrooms were added. The most recent renovation was completed in 2010, which included a complete overhaul of the interior and the addition of a sunroom.

Legal Issues and Encumbrances

There are a few legal issues and encumbrances associated with the property that potential buyers should be aware of. In 1975, the property was designated as a historic landmark. This designation restricts the types of changes that can be made to the property.

Additionally, there is an easement on the property that allows the town to access the rear of the property for maintenance purposes.

Timeline of Significant Events

• 1692: Property acquired by the Salem family
• 1750: Property sold to the Hawthorne family
• 1804: Nathaniel Hawthorne born in the house
• Early 1900s: House modernized with the addition of electricity, plumbing, and central heating
• 1950s: New kitchen and bathrooms added
• 1975: Property designated as a historic landmark
• 2010: Complete overhaul of the interior and the addition of a sunroom

Community Features

Residents of 1529 Salem Village Drive enjoy a wealth of community amenities that enhance their quality of life. These include access to recreational facilities, community events, and a variety of clubs and organizations.

The neighborhood boasts a community center that serves as a hub for social gatherings, fitness classes, and educational programs. There are also several parks and playgrounds within walking distance, providing ample opportunities for outdoor recreation and relaxation.

Community Events and Clubs

The community is known for its vibrant social scene, with a calendar full of events throughout the year. These include neighborhood barbecues, holiday parties, and seasonal festivals that bring residents together and foster a sense of community.

In addition, there are numerous clubs and organizations that cater to a wide range of interests, such as gardening, book clubs, and hiking groups. These groups provide opportunities for residents to connect with like-minded neighbors and pursue their passions.

Property Taxes and Insurance

Property taxes and homeowners insurance are essential expenses to consider when purchasing a home. These costs vary depending on the property’s location, value, and other factors.

Apex, North Carolina, has a property tax rate of 0.86% of the assessed value. For a home with an assessed value of $500,000, the annual property tax bill would be $4,300. The cost of homeowners insurance in Apex typically ranges from $1,000 to $2,000 per year, depending on the coverage selected and the home’s characteristics.

Total Annual Property Expenses

Combining property taxes and homeowners insurance, the total annual property expenses for a home in Apex, North Carolina, with an assessed value of $500,000 would be approximately $5,300 to $6,300.

Tax Breaks and Incentives

North Carolina offers a homestead exemption that reduces the taxable value of a primary residence by up to $25,000. This exemption can help lower property taxes for homeowners.

Final Conclusion

1529 Salem Village Drive, Apex NC, is more than just a property; it’s an embodiment of refined living. Its prime location, exceptional amenities, and endless potential make it a sanctuary for those seeking a life of comfort, convenience, and enduring value.

Whether you’re a discerning homeowner or an astute investor, this remarkable abode awaits your presence.

Questions and Answers

What sets 1529 Salem Village Drive apart from other properties in the area?

1529 Salem Village Drive stands out with its unique architectural style, spacious living areas, and thoughtfully designed outdoor space, creating an unparalleled living experience.

Is the neighborhood suitable for families?

Absolutely. The neighborhood boasts excellent schools, parks, and family-friendly amenities, making it an ideal place to raise children and build a fulfilling life.

What is the investment potential of this property?

1529 Salem Village Drive offers a promising investment opportunity with its strong rental income potential, appreciation prospects, and favorable market conditions.

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