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2421 Beckwith Rd
Apex, NC

2421 Beckwith Rd

$995,000
3 bd • 3 ba • 2,756 sf

This analysis was generated by artificial intelligence on 1/31/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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List Price

$995,000

Price/Sq.Ft

$361

Year Built

2016

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Premium construction and finishes: As a former Toll Brothers model home, the property boasts high-end upgrades and meticulous maintenance, ensuring a move-in ready experience for buyers who value quality. • Excellent school district: The property is located near top-rated schools, including White Oak Elementary (9/10), Mills Park Middle School (10/10), and Green Level High School (9/10), making it highly desirable for families with children. The proximity to these schools is a major selling point. • Desirable location: Apex is a rapidly growing and highly sought-after area. The property is located within a well-established neighborhood with a sense of community. The town is known for its quality of life and family-friendly environment. • Appealing outdoor spaces: The property features a welcoming stone patio, a Victorian-style front porch, and a covered back porch, as well as a beautifully landscaped yard with lighting. These outdoor spaces enhance the property's appeal and offer options for relaxation and entertainment. • Functional Layout: The home includes a formal office, a dual-sided fireplace, a gourmet kitchen, and a main floor master suite. The layout is ideal for both formal entertaining and comfortable family living. The inclusion of an additional main-floor bedroom is a unique and valuable feature. • Recent listing history: the property has only been on the market for 1 day, which suggests that the property is desirable and may move quickly. The recent price decrease from $1,025,000 to $995,000 may also incentivize buyers. • HOA: The HOA covers maintenance grounds which reduces the overall maintenance burden for the homeowner.

The Bad

• High price per square foot: At $361.03 per square foot, this property is on the higher end compared to some other homes in Apex. While it is a former model home with premium finishes, buyers should consider if the price aligns with their budget and needs. • Limited property features listed: The listing does not provide detailed information on specific property features beyond the general description. Lack of specific features may deter buyers who are seeking more details upfront. • Potentially high property taxes: Wake County has relatively high property taxes, which should be factored into the overall cost of ownership. Potential increases due to rising property values should also be considered. • Commute times: While Apex is a desirable place to live, commutes to Raleigh and Research Triangle Park can be lengthy, especially during peak hours. This is a consideration for those who commute to those areas. • No information on interior room sizes or layouts: While the listing mentions a formal office, gourmet kitchen, and bedrooms, it lacks precise dimensions or room-by-room details, which can be a drawback for buyers seeking a more complete picture of the property's interior.

The Ugly

• High total cost of ownership: The combination of a $995,000 price tag, high estimated insurance ($3582/year), and potential property tax increases means that the total cost of ownership could be very high. Buyers must carefully assess their financial capacity. • High wind risk (6/10): The major wind risk rating means that the property is susceptible to damage from strong winds and may require additional insurance coverage and maintenance. This risk may lead to higher insurance premiums. • Major heat risk (6/10): The major heat risk rating means that the property is susceptible to extreme heat, and buyers should be prepared for high energy costs during the summer. The 98th percentile temperature of 104°F and 7 hot days per year are significant factors. • Limited information on HOA: While the HOA includes grounds maintenance, the full scope of HOA fees, rules, and restrictions is not detailed in the listing. This lack of clarity could be a potential issue for buyers who prefer transparency regarding HOA matters. • Potential for future infrastructure strain: The rapid growth in Apex may lead to strain on infrastructure like roads and utilities. Buyers should be aware of potential delays or inconveniences related to infrastructure improvements. • Listing History: The property has been listed and removed multiple times with price fluctuations, which suggests potential issues with pricing. This may cause a lack of confidence in the valuation of the property. • Unspecified interior room sizes: The absence of room measurements and layout details might complicate the planning process for buyers, making it harder to envision their living arrangements.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Buyers seeking a move-in ready home with high-end finishes: The property is a former Toll Brothers model home, ensuring premium upgrades and meticulous maintenance, appealing to those who value quality and are looking for a turnkey solution. • Families desiring access to top-rated schools: With White Oak Elementary (9/10), Mills Park Middle School (10/10), and Green Level High School (9/10) nearby, this home is ideal for families prioritizing excellent educational opportunities. The proximity to Green Level High School (0.3 miles) is particularly convenient for older children. • Professionals who appreciate a blend of formal and casual living spaces: The home offers a formal office, a dual-sided fireplace connecting the office and dining room, and a gourmet kitchen that opens to a cozy family room, making it suitable for both work and leisure. The layout is well-suited for families who value both formal entertaining and comfortable family time. • Homeowners who value outdoor living and privacy: The landscaped yard, complete with lighting, a stone patio, a Victorian-style front porch, and a covered back porch, provides multiple options for outdoor relaxation and entertainment. The exceptional privacy is a significant draw for those seeking a tranquil environment. • Buyers who want a house with a well-established history: The property is a 2016 build and has had a consistent history of value as shown by the historical data. The fact that it was a model home indicates the quality of construction and finishes.

Not For

• Buyers on a very tight budget: The price of $995,000 and the high estimated insurance cost of $3582/year may be prohibitive for buyers with limited financial flexibility. While this property is premium, the price reflects that. • Buyers seeking a low-maintenance yard: The beautifully landscaped yard, while a positive feature, requires regular maintenance. Those looking for a property with minimal yard work may find this unsuitable. • Buyers requiring significant amounts of additional bedrooms: While the house has 3 bedrooms, buyers needing 4 or more bedrooms may need to look elsewhere or explore adding additional square footage, which could incur additional costs and time. • Buyers who are uncomfortable with HOA regulations: While the HOA includes grounds maintenance, there may be other rules and restrictions to adhere to, which may not be ideal for buyers who prefer maximum autonomy in their property use. • Buyers seeking a very short commute to Raleigh or RTP: While Apex is a desirable location, commute times to Raleigh and Research Triangle Park can be lengthy, especially during peak hours. Buyers needing very short commutes should consider other locations.
Demographics
Area Median Income

$108,025

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Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 104°F

windMAJOR

Insurance: Required

fireMODERATE

Insurance: Recommended

airMINOR

1 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

Risk Analysis

• Elevated insurance costs: The estimated insurance cost of $3582/year is high due to moderate fire risk (3/10) and major wind risk (6/10). Buyers should factor this into their budget and explore insurance options. • Price negotiations: The property has been listed and removed multiple times, indicating that the price may be negotiable. However, the seller may not be willing to budge on pricing due to the desirability of the property and the area. • Potential for traffic congestion: Apex is experiencing rapid population growth, which may lead to increased traffic congestion. Buyers should consider the impact of commutes and plan accordingly. • School reassignment risk: While the schools are highly rated, Wake County school assignments can change. Buyers should verify current and projected school assignments and understand the reassignment process. • Market competition: The Apex real estate market is very competitive. Buyers should be prepared to move quickly, potentially offer above asking price, and waive some contingencies. • Heat risk: The major heat risk (6/10), with a 98th percentile temperature of 104°F and 7 hot days per year, suggests that buyers may need to invest in robust air conditioning and be prepared for high energy costs during the summer. • HOA restrictions: While the HOA includes maintenance grounds, it also means that there will be rules and regulations that buyers will have to follow, which may limit flexibility in certain areas.
Insurance
Annual Cost

$3,582

$299 per month

Financials

Monthly Costs
Market Rent (3 bed)

$2,020

Get a detailed rental estimate on Zillow®
HOA Fee

$154

Price History

Property Taxes

$6,516
2024 Tax Assessment
9.4%from previous year
Assessed Value$761,138
Tax Rate0.86%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$633,333

-36.3% below list price

Median Price

$615,000

Based on 6 recent sales

Price per Sq.Ft

$246

Comparable Properties

2682 Tunstall Grove Drive, Apex, NC 27523
Price: $710,000
Sq.Ft: 2,724
Beds/Baths: 4/3
$/Sq.Ft:
$26127.8%
Sale Date: 8/6/2024
2682 Tunstall Grove Drive, Apex, NC 27523
Price: $710,000
Sq.Ft: 2,724
Beds/Baths: 4/3
$/Sq.Ft:
$26127.8%
Sale Date: 8/6/2024
940 Double Helix Road, Apex, NC 27523
Price: $615,000
Sq.Ft: 2,446
Beds/Baths: 4/4
$/Sq.Ft:
$25130.4%
Sale Date: 11/25/2024
940 Double Helix Road, Apex, NC 27523
Price: $615,000
Sq.Ft: 2,446
Beds/Baths: 4/4
$/Sq.Ft:
$25130.4%
Sale Date: 11/25/2024
688 Mirkwood Avenue, Apex, NC 27523
Price: $575,000
Sq.Ft: 2,553
Beds/Baths: 3/4
$/Sq.Ft:
$22537.6%
Sale Date: 10/27/2024
688 Mirkwood Avenue, Apex, NC 27523
Price: $575,000
Sq.Ft: 2,553
Beds/Baths: 3/4
$/Sq.Ft:
$22537.6%
Sale Date: 10/27/2024

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