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505 Luther Rd; Apex, NC Property Details

505 Luther Rd, Apex, NC is a Single Family that was built in 1960. This property is currently Financed and is not for sale. Our records show that 505 Luther Rd has 3 bedrooms, and 2 bathrooms, and a total of 1,988 square feet. The lot size of 505 Luther Rd is 130,680 square feet.

Off market
505 Luther Rd Apex, NC 27523
$300,000 Listing Price
3 Beds
2 Baths
1,988 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1960
  • Purchase Price: $300,000
  • Open Loans / Balance: 1 / $222,435
  • Est. Equity / %: $454,565 / 67.14%
  • Gross Yield: 4.513%
  • APN: 0017753
  • Situs County: Chatham
  • Length Of Ownership: 13 years, 8 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 2

Structure

  • Building Style: Wood
  • Stories: 1.5
  • Exterior Wall Type: Wood
  • Building Condition: Average
  • Building Quality: C+

Measurements

  • Total: 1,988/SqFt
  • Lot: 130,680/SqFt
  • Living: 1,988/SqFt
  • Building: 1,988/SqFt
  • Ground: 1,308/SqFt
  • Price Per Square Foot: $150.91

Legal Description

  • Description: Q4-1B AC 3
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Chatham County Schools
  • Lat / Lon: 35.76455 / -78.95601
  • Subdivision: North East New Hope
  • Property Class: Residential
  • Zoning: R-1
  • County Use Code: 37

Amenities

  • Plus Four: 5604
  • Cooling: Yes
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Yes

HOA

  • H O A One Name: Lake Castleberry Owners Association Inc
  • H O A One Type: Planned Unit Development

Ownership Info

505 Luther Rd has no associated ownership info
505 Luther Rd has no associated ownership info.

Taxes

505 Luther Rd has 10 associated Taxes items

505 Luther Rd, Apex, NC pays taxes in Chatham County, NC. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $537,612. The APN we've located for 505 Luther Rd is 0017753.

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Taxes
  • Assessed Value:  $537,612
  • Assessed Year:  2025
  • Assessed County:  Chatham
  • APN:  0017753
  • Assessed Land Value:  220000
  • Market Land Value:  220000
  • Tax Amount:  3931.04
  • Tax Year:  2025
  • Market Value:  537612
  • Market Year:  2025

Tax History

505 Luther Rd has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $537,612 Land Value $220,000 Improvement Value $317,612 Tax Amount $3,931.04 Change Rate +0.245237% Assessed CR Tax Rate +0.007312%
Year 2024 Assessed Value $354,028 Land Value $150,000 Improvement Value $204,028 Tax Amount $3,156.86 Change Rate +0.046965% Assessed CR Tax Rate +0.008917%
Year 2023 Assessed Value $354,028 Land Value $150,000 Improvement Value $204,028 Tax Amount $3,015.25 Change Rate +0.040804% Assessed CR Tax Rate +0.008517%
Year 2022 Assessed Value $354,028 Land Value $150,000 Improvement Value $204,028 Tax Amount $2,897.04 Change Rate +0.012371% Assessed CR Tax Rate +0.008183%
Year 2021 Assessed Value $354,028 Land Value $150,000 Improvement Value $204,028 Tax Amount $2,861.64 Change Rate +0.751117% Assessed CR Tax Rate +0.008083%
Year 2020 Assessed Value $193,982 Land Value $81,648 Improvement Value $112,334 Tax Amount $1,634.18 Change Rate Assessed CR Tax Rate +0.008424%
Year 2019 Assessed Value $193,982 Land Value $81,648 Improvement Value $112,334 Tax Amount $1,634.18 Change Rate +0.058955% Assessed CR Tax Rate +0.008424%
Year 2018 Assessed Value $193,982 Land Value $81,648 Improvement Value $112,334 Tax Amount $1,543.2 Change Rate Assessed CR Tax Rate +0.007955%
Year 2017 Assessed Value $193,982 Land Value $81,648 Improvement Value $112,334 Tax Amount $1,543.2 Change Rate +0.036546% Assessed CR Tax Rate +0.007955%
Year 2016 Assessed Value $185,097 Land Value $77,760 Improvement Value $107,337 Tax Amount $1,488.79 Change Rate +0.015013% Assessed CR Tax Rate +0.008043%
Year 2015 Assessed Value $185,097 Land Value $77,760 Improvement Value $107,337 Tax Amount $1,466.77 Change Rate +0.019291% Assessed CR Tax Rate +0.007924%
Year 2014 Assessed Value $185,097 Land Value $77,760 Improvement Value $107,337 Tax Amount $1,439.01 Change Rate Assessed CR Tax Rate +0.007774%
Year 2013 Assessed Value $185,097 Land Value $77,760 Improvement Value $107,337 Tax Amount Change Rate Assessed CR Tax Rate