Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and community amenities.
Single-Level 2BR/2BA Ranch Condo in The Orchard Villas
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.
See the properties helping shape the valuation.
Comparable sales
- 368 SF larger
- 5 years older
- 38 SF smaller
- 1 year newer
- 343 SF larger
- 2 years newer
A 2013 ranch.
Building
Site & utilities
The Orchard Villas
Researched nearby locations
Location
1503 Orchard Villas Ave, Apex, NC 27502
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.
Very good community recreation with on-site pool, clubhouse, bocce and putting green, plus nearby Apex Community Park and walking paths for daily activity.
A factual market snapshot around 1503 Orchard Villas Ave.
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.
Planned Unit Development - Conditional Zoning
Zoning
Research-indicated uses
- Residential
- Age Restricted Community
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
- Same living area
- 363 SF larger
What the research supports — and what is still worth verifying.
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
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Review HOA regulations and fees
- Verify any age restrictions and community rules
- Professional home inspection
- Review recent maintenance and repair records
What stands out about this property.
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.