$485,000
1503 Orchard Villas Ave, Apex, NC 27502
Single-Level 2BR/2BA Ranch Condo in The Orchard Villas
2 Bed · 2 Bath · 1,532 Sq Ft
55+ community living with modern finishes and easy maintenance
2
Beds
2
Baths
1,532
Sq Ft
2013
Built
2-car attached
Garage
About 1503 Orchard Villas Ave
Vaulted ceilings and a private study set the tone the moment you enter this single-level ranch-style condo at 1503 Orchard Villas Ave. With 1,532 square feet thoughtfully arranged, the floor plan delivers roomy living without the upkeep of a detached home—perfect for buyers seeking an active, low-maintenance lifestyle in a well-appointed 55+ community.
The heart of the home features granite countertops and an open sightline to the living area where a gas fireplace anchors the space. The primary suite offers generous proportions and an ensuite bath; a second bedroom plus a full hall bath provide comfortable accommodations for guests. A separate study provides a quiet work or hobby space. Sliders lead from the living room to a fenced patio—an ideal spot for container gardening, morning coffee, or small gatherings.
Practical upgrades include a two-car attached garage with newly epoxy-coated flooring and ample storage, central HVAC, and maintenance-free exterior care managed by the HOA. The Orchard Villas community builds convenience into daily life with a clubhouse, outdoor heated pool, exercise room, bocce court, and putting green—amenities that foster connection and keep residents active.
Location is a standout: the Duke Health Center sits within easy walking distance, and major shopping including Costco and Beaver Creek Commons is a short drive away. Highly rated Wake County schools (Apex High, Salem Middle, Salem Elementary) and access to US-64 make this a great choice for those who prioritize excellent services and straightforward commutes. Last sold in 2021 for $385,000, recent neighborhood sales and current market analysis support a fair market value in the $470,000–$500,000 range, reflecting steady appreciation and strong buyer demand for low-inventory, age-restricted listings.
If you want the ease of single-story living combined with community energy and modern finishes, this Orchard Villas condo checks the boxes. Schedule a tour and review the HOA documents to confirm details—this property is move-in ready and designed for a comfortable, engaged lifestyle.
Home Highlights
Property Features
Interior Features
- 1,532 SF single-level ranch layout
- 2 bedrooms, 2 full bathrooms
- Private study / home office
- Vaulted ceilings in main living area
- Granite countertops
- Gas fireplace
- Central AC and forced-air gas heat
- No basement
Exterior & Lot
- Fenced patio for private outdoor living
- 2-car attached garage with newly epoxy-coated floor
- Shingle roof
- Low-maintenance landscaping managed by HOA
- Level site with standard residential driveway
Location & Neighborhood
- The Orchard Villas — 55+ community
- Walking proximity to Duke Health Center
- Short drive to Costco and Beaver Creek Commons
- Easy access to US-64 for regional commuting
- Wake County schools with strong ratings
Walkability & Recreation
- Walkability Rating: 68/100 — Some walkable amenities
- Community amenities: clubhouse, outdoor heated pool, exercise room
- Bocce ball court and putting green on-site
- Apex Community Park within a few miles
- Nearby retail and services at Beaver Creek Commons (2 miles)
- Running/walking paths and green spaces in the area
Neighborhood & Location
The Orchard Villas sits in convenient, service-rich Apex, offering a community-oriented lifestyle for active adults. Residents enjoy on-site amenities—clubhouse, pool, fitness center, bocce and putting green—while essential services like Duke Health Center, major retailers, and dining are minutes away. Quiet streets, well-maintained common areas, and proximity to Apex Community Park create opportunities for socializing and outdoor activity. Wake County schools and easy highway access round out a location that blends practicality with a low-maintenance, engaged lifestyle.
Market Insights
This pocket of Apex is currently a seller's market: inventory sits around 2.5 months, average days on market near 30, and median sale prices in the area hang close to $500,000. One-year appreciation is roughly 5%, with stronger cumulative gains of about 25% over five years—evidence of steady demand in Wake County. Recent comparable sales within The Orchard Villas community closed in the $505k–$540k range, with smaller and well-updated units fetching premiums. Condos and age-restricted units in this corridor typically move faster than broader condo stock because they combine low-maintenance living with robust on-site amenities and proximity to medical services—factors that attract downsizers and active retirees.
For buyers, the current market favors sellers but still offers opportunities: motivated sellers with well-priced, well-presented units are seeing multiple showings and timely offers. Investors considering rental income should note modest gross yields (recent rent comps suggest about $1,900/month and roughly a 4.7% gross yield), but owner-occupied demand remains the primary driver. Prospective purchasers should review HOA fees, age-restriction rules, and community bylaws to ensure long-term fit—especially given the tighter inventory and competitive buyer interest.
Nearby Schools
Apex High
High
Salem Middle
Middle
Salem Elementary
Elementary
Walkability & Recreation
Very good community recreation with on-site pool, clubhouse, bocce and putting green, plus nearby Apex Community Park and walking paths for daily activity.
Investment Highlights
- Located in a desirable 55+ community with extensive amenities
- Recent appreciation of approximately 26% over the past five years
- Proximity to medical facilities, shopping centers, and major highways
- Low-maintenance living with HOA covering exterior maintenance and landscaping
- Modern features including vaulted ceilings, granite countertops, and a fenced patio
Key Findings
- Last sold in June 2021 for $385,000
- Current assessed value of $446,749
- Comparable sales suggest a market value between $470,000 and $500,000
- Community amenities include a clubhouse, pool, and exercise facilities
- Located within walking distance to Duke Health Center and close to major retailers
Things to Consider
- Age-restricted community may not appeal to all buyers
- HOA fees and regulations should be reviewed for any restrictions or obligations
- Market appreciation may impact future property tax assessments
Opportunity Analysis
Well-maintained condo in a desirable 55+ community with modern amenities and strong appreciation potential. Proximity to essential services and low-maintenance living enhance its appeal.
Potential Use Scenarios
- Ideal for buyers seeking an active adult community with modern features
- Potential for continued appreciation given market trends and location
- Review HOA regulations and fees to ensure alignment with buyer expectations
Risk Factors
- Age restriction limits the pool of potential buyers
- HOA fees and regulations may impose additional obligations
- Market fluctuations could impact future appreciation rates
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$470K
Midpoint
$485K
High
$500K
$317/SF estimated price per square foot
Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and community amenities.
As of 2026-03-07
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
The area has experienced steady population growth with a high median household income, indicating a stable and affluent community.
Nearby Points of Interest
- Duke Health Center (0.1 mi)
- Costco (1.5 mi)
- Beaver Creek Commons (2 mi)
- Apex Community Park (3 mi)
Proximity to medical facilities, shopping centers, and parks enhances convenience and lifestyle appeal.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
Sale History
$251/SF
Arm's length transaction
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