Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and amenities. Assessed value of $445,433 appears below market.
Three-Story Townhome with Balconies Near Sweetwater Town Center
This three-story townhome on Barn Cat Way stands out for practical living and everyday convenience: multiple private balconies, generous ceiling heights, and a two-car attached garage make daily life effortless. Built in 2020 and laid out across 2,378 finished square feet, the home presents four bedrooms and 3.5 baths with an open, modern sensibility — hardwood floors on the main levels, solid-surface counters in the kitchen, and stainless-steel appliances that meet the demands of busy households.
Enter on the main level to a bright, expansive living area that transitions to a well-appointed kitchen. Counters of granite and contemporary cabinetry frame a functional work triangle; the breakfast bar and adjacent dining area are perfectly scaled for weekday routines and casual entertaining. Multiple balconies off the living spaces and upper bedrooms extend the footprint outdoors — small vignettes for morning coffee, an evening read, or container gardening.
Upstairs, the primary suite offers privacy and a well-sized bath while two additional bedrooms and a full bath provide flexibility for a home office, gym, or guest quarters. A third level includes a fourth bedroom and additional living/storage options, giving families multiple places to spread out. The home’s excellent condition reflects modern construction and thoughtful finish selections throughout.
Living here means Smith Farm’s community amenities are right at hand: a pool, clubhouse, playground and direct greenway access invite daily recreation. Commuters and errand-runners will appreciate being 0.2 miles from Sweetwater Town Center, 1.5 miles from Beaver Creek Commons and roughly 2 miles from Downtown Apex’s restaurants and shops. Top-rated Wake County schools (Olive Chapel Elementary, Lufkin Road Middle, Apex Friendship High) contribute to the neighborhood’s strong family appeal.
From an investment and lifestyle perspective this property sits comfortably within Apex’s active market. With a current valuation midpoint of $470,000 and limited inventory in the area, this townhome is a smart option for buyers seeking a newer, low-maintenance home in a walkable, amenity-rich pocket of the Raleigh-Cary MSA. Schedule a showing to tour the three-level layout and experience Smith Farm living in person.
See the properties helping shape the valuation.
Comparable sales
- 158 SF smaller
- 1 fewer bedroom
- Similar lot size
- Same year built
- 37 SF larger
- Similar lot size
- Same year built
- 268 SF smaller
- Similar lot size
- 1 year newer
A 2020 traditional on 0.04 acres.
Building
Site & utilities
Smith Farm
Researched nearby locations
Location
1296 Barn Cat Way, Apex, NC 27502
Smith Farm is a family-oriented, newer community in Apex that blends planned amenities with easy access to daily destinations. Residents enjoy a community pool, clubhouse, playground and direct greenway connections, while Sweetwater Town Center — a short walk away — offers groceries, dining and services. Highly rated Wake County schools and quick access to Downtown Apex give the neighborhood a relaxed suburban feel with urban conveniences close by. The area attracts families and professionals looking for low-maintenance, amenity-rich living within the Raleigh-Cary MSA.
Very good outdoor access with direct greenway connections, community pool and playground, Apex Community Park about 3 miles away, and short walks to Sweetwater Town Center for errands and dining.
A factual market snapshot around 1296 Barn Cat Way.
Apex’s Smith Farm sits squarely in a seller-favored market right now. Inventory is tight — roughly 2.5 months of supply — and the local average days on market is about 30 days, which means well-priced, well-presented homes typically receive attention quickly. Median sale prices in the immediate area hover near $475,000, with recent comps for similar Smith Farm townhomes clustering between $460K and $480K. One-year appreciation is modestly positive at about 5%, while five-year appreciation sits near 25%, reflecting steady demand as the town grows.
For this property type — newer, multi-level townhomes — buyer interest is strong among families seeking top-rated schools and professionals looking for lower-maintenance ownership close to shopping and transit corridors. Rental demand is also healthy: estimated monthly rents for comparable 4BR units are in the $2,300–$2,600 range, supporting investor interest if HOA rules permit leasing. Buyers should expect moderate competition and advise timely offers; sellers benefit from current market tailwinds but should confirm HOA rules and major-system conditions during due diligence.
Planned Unit Development - Conditional Zoning
Zoning
Research-indicated uses
- Residential
- Townhomes
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 77 SF smaller
- 158 SF smaller
What the research supports — and what is still worth verifying.
Key findings
- Assessed value $445,433 (land $90K, improvements $355,433) — annual taxes $3,909
- Zoned PUD-CZ allowing residential townhomes
- Comparable sales within 0.5 miles in last 6 months range $460K–$480K
- Average days on market in Apex: 30 days (seller's market)
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm HOA regulations and fees
- Assess condition of major systems (HVAC, roof)
- Review potential rental restrictions within the community
- Professional home inspection
What stands out about this property.
Interior Features
- 4 bedrooms, 3.5 bathrooms
- 2,378 SF across three stories
- Hardwood floors on main living areas
- Granite countertops
- Stainless-steel appliances
- Open kitchen with breakfast bar
- Multiple private balconies
- Primary suite with full bath
- Laundry area (inside unit)
Exterior & Lot
- 0.04-acre level lot
- 2-car attached garage
- Standard driveway frontage on Barn Cat Way
- Low-maintenance yard
- Community greenway access
- Shingle roof, wood-frame construction
Location & Neighborhood
- Smith Farm community — newer neighborhood
- 0.2 mi to Sweetwater Town Center (shopping & dining)
- 1.5 mi to Beaver Creek Commons
- Approximately 2 mi to Downtown Apex
- Access to community pool and clubhouse
- Top-rated Wake County schools nearby
Walkability & Recreation
- Walkability Rating: 60/100 — Some walkable amenities
- Nearby parks and green spaces; Apex Community Park (≈3 mi)
- Direct community greenway access for walking and biking
- Sweetwater Town Center within a short walk
- Community playground and pool for family recreation
Sources & research confidence.
See where the property research came from and how confidence varies by field.