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For sale
    • Price cut: $100K (7/31)
    $1,875,000

    557 Olives Chapel Rd, Apex, NC 27502

    3beds
    2,651sqft
    : 
    $10,548/mo
    Get pre-qualified
    Single Family Residence, Residential
    Built in 1996
    12.8 Acres Lot
    $1,759,300 Zestimate®
    $707/sqft
    $-- HOA

    What's special

    Welcoming front porchSweeping open fieldsGorgeous private pond
    $100,000 PRICE IMPROVEMENT! Welcome to Olive's Chapel, an extraordinary 12.8-acre estate in Apex, NC, where refined country living meets unmatched convenience. Ideally situated near Cary, Pittsboro, RDU, and RTP, with excellent shopping, dining, and top-rated schools all close by, this property also offers the added benefit of lower Chatham County taxes. A rare offering, the landscape showcases sweeping open fields and a gorgeous private pond, creating a serene, picturesque setting. With no HOA, covenants, or restrictions, the possibilities are endless! Design a private equestrian retreat, curated hobby farm, or expansive workshop, all with the freedom to shape the property around your lifestyle. The land may also allow for subdivision, with potential for up to two dwellings and two accessory buildings, ideal for multi-generational living, rental income, or future investment (buyer to verify with Chatham County). The home invites effortless relaxation, from the welcoming front porch, perfect for quiet mornings, to the beautifully paved back patio overlooking the tranquil pond, an idyllic backdrop for entertaining or unwinding. A detached workshop and whole-property generator add both functionality and peace of mind. Less than a mile from Jordan Lake, this property offers exceptional access to outdoor recreation while still preserving a true sense of seclusion. An exceptional blend of acreage, location, and limitless potential! Now with a $100,000 price improvement this is a truly distinctive estate opportunity you won't want to miss!
    98 days
    |
    704
    |
    22
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Melissa Ragan 919-985-6305,

    Choice Residential Real Estate

    Source: Doorify MLS,MLS#: 10164068MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Heat Pump
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Electric Cooktop, Refrigerator, Oven, Washer/Dryer
      • Laundry: Electric Dryer Hookup, Laundry Closet, Main Level
      Features
      • Bathtub/Shower Combination, Ceiling Fan(s), Granite Counters, Kitchen Island, Walk-In Closet(s), Whirlpool Tub
      • Flooring: Carpet, Laminate, Tile
      Interior area
      • Total structure area: 2,651
      • Total interior livable area: 2,651 sqft
      • Finished area above ground: 2,651
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 10
      • Parking features: Circular Driveway, Garage, Gravel
      • Attached garage spaces: 2
      • Uncovered spaces: 8
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Porch, Rear Porch, Side Porch
      • Exterior features: Private Yard
      • Has view: Yes
      • View description: Pond, Trees/Woods
      • Has water view: Yes
      • Water view: Pond
      Lot
      • Size: 12.8 Acres
      • Dimensions: 474 x 1695 x 264 x 1488
      • Features: Cleared, Pond on Lot, Rectangular Lot, Wooded
      Details
      • Additional structures: Workshop
      • Parcel number: 0072617
      • Zoning: R-1
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cape Cod
      • Property subtype: Single Family Residence, Residential
      Materials
      • Vinyl Siding
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1996

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Electricity Connected, Septic Connected, Water Connected, Propane

      Community & HOA

      Community
      • Subdivision: Not in a Subdivision
      HOA
      • Has HOA: No
      Location
      • Region: Apex

      Financial & listing details

      • Price per square foot: $707/sqft
      • Tax assessed value: $1,107,437
      • Annual tax amount: $7,774
      • Date on market: 5/1/2026
      • Road surface type: Paved

        Estimated market value

        $1,759,300

        $1.67M - $1.85M

        $2,962/mo

        Price history

        DateEventPrice
        7/31/2026Price change$1,875,000-5.1%$707/sqft
        Source: Doorify MLS #10164068 Report a problem
        5/1/2026Listed for sale$1,975,000-14.1%$745/sqft
        Source: Doorify MLS #10164068 Report a problem
        1/22/2026Listing removed$2,300,000$868/sqft
        Source: Doorify MLS #10042897 Report a problem
        10/24/2025Price change$2,300,000-2.1%$868/sqft
        Source: Doorify MLS #10042897 Report a problem
        9/2/2025Price change$2,350,000-2.1%$886/sqft
        Source: Doorify MLS #10042897 Report a problem
        6/30/2025Price change$2,400,000-4%$905/sqft
        Source: Doorify MLS #10042897 Report a problem
        7/23/2024Listed for sale$2,500,000$943/sqft
        Source: Doorify MLS #10042897 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,931 +22.1%$1,107,437 +48.5%
        2024$6,497 +7.2%$745,556
        2023$6,061 +3.8%$745,556
        2022$5,838 +1.3%$745,556
        2021$5,763 +14.5%$745,556 +15.2%
        2020$5,034 +5.7%$647,049
        2019$4,763 -1.9%$647,049
        2017$4,856 $647,049 +32.9%
        2016$4,856 +30.8%$486,966
        2015$3,713 +3.7%$486,966
        2014$3,582 $486,966
        2013$3,582 $486,966
        2012-- $486,966
        2011-- $486,966
        2010-- $486,966
        2009-- $486,966 +15.9%
        2008-- $420,248
        2007$2,969 +7.5%$420,248
        2005$2,761 $420,248
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 27502

        Getting around

        0 / 100
        Car-Dependent
        17 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Chatham - Moncure School
        • Middle: Chatham - Moncure School
        • High: Chatham - Seaforth High School

        Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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