Almost 10 ACRES located in APEX and adjacent to the AMERICAN TOBACCO TRAIL. Build your dream home or buy and hold for future investment. Easy access to 540 and Jordan Lake yet situated in a RURAL setting. Plenty of road frontage and neighboring parcel sale is negotiable. Apex is Money Magazine's 2015 #1 place to live!
Single-familyProperty Type
2026Year Built
9.24 acresLot Size
$354Est. Price/Sq.Ft.
4 spacesParking
Listed by Philip Kennedy• Keller Williams Realty United
Bought with Wesley Carter• Fonville Morisey/Preston Sales
Almost 10 ACRES located in APEX and adjacent to the AMERICAN TOBACCO TRAIL. Build your dream home or buy and hold for future investment. Easy access to 540 and Jordan Lake yet situated in a RURAL setting. Plenty of road frontage and neighboring parcel sale is negotiable. Apex is Money Magazine's 2015 #1 place to live!
TMLS #2051698
May 25, 2016
Sold
$640,000
$111/sq ft
May 25, 2016
Sold
$640,000
$111/sq ft
May 12, 2016
Contingent
—
Apr 11, 2016
Relisted
—
Mar 22, 2016
Contingent
—
Mar 3, 2016
Relisted
—
Feb 26, 2016
Listing Removed
—
Feb 25, 2016
Listed
$740,000
$128/sq ft
Feb 25, 2016
Listed
$740,000
$128/sq ft
+7
Public Records
Oct 10, 1983
Sold
$35,000
$6/sq ft
Public Records
May 1, 1981
Sold
$18,000
$3/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$8,895 (+3.0%)
$1,244,700 + $142,932
$1,387,632
2024
$8,637 (+37.1%)
$1,244,700 + $142,932
$1,387,632
2023
$6,301 (+7.9%)
$1,659,600 + $142,932
$1,802,532
2022
$5,838 (+2.8%)
$707,280 + $98,259
$805,539
2021
$5,681 (+1.7%)
$707,280 + $98,259
$805,539
2020
$5,586 (+5.9%)
$707,280 + $98,259
$805,539
2019
$5,276 (+8.8%)
$707,280 + $98,259
$805,539
2018
$4,849 (+5.5%)
$559,680 + $83,903
$643,583
2017
$4,596 (−20.8%)
$559,680 + $83,903
$643,583
2016
$5,801 (+37.6%)
$746,240 + $83,903
$830,143
2015
$4,215 (+5.5%)
$746,240 + $83,903
$830,143
2014
$3,994 (+7.1%)
$528,480 + $75,609
$604,089
2013
$3,729
$528,480 + $75,609
$604,089
2012
$3,729
$528,480 + $75,609
$604,089
2011
$3,729
$528,480 + $75,609
$604,089
Tax history for 1117 E Ferrell Rd
Year
Property tax
Land + Additions
Assessment*
2025
$8,895 (+3.0%)
$1,244,700 + $142,932
$1,387,632
2024
$8,637 (+37.1%)
$1,244,700 + $142,932
$1,387,632
2023
$6,301 (+7.9%)
$1,659,600 + $142,932
$1,802,532
2022
$5,838 (+2.8%)
$707,280 + $98,259
$805,539
2021
$5,681 (+1.7%)
$707,280 + $98,259
$805,539
2020
$5,586 (+5.9%)
$707,280 + $98,259
$805,539
2019
$5,276 (+8.8%)
$707,280 + $98,259
$805,539
2018
$4,849 (+5.5%)
$559,680 + $83,903
$643,583
2017
$4,596 (−20.8%)
$559,680 + $83,903
$643,583
2016
$5,801 (+37.6%)
$746,240 + $83,903
$830,143
2015
$4,215 (+5.5%)
$746,240 + $83,903
$830,143
2014
$3,994 (+7.1%)
$528,480 + $75,609
$604,089
2013
$3,729
$528,480 + $75,609
$604,089
2012
$3,729
$528,480 + $75,609
$604,089
2011
$3,729
$528,480 + $75,609
$604,089
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
5
Baths
5.5
Stories
2
Lot width
—
Lot depth
—
Lot size
402,494
Year renovated
2026
Sq. Ft.
5,768
Year built
2026
Style
Single Family Residential
County
Wake County
APN
0724.01 15 8582 000
Parking Spaces
4
Basement
No
Accessible
No
HOA Dues
—
Garage
No
Features
Views
Last updated by owner on Aug 11, 2026.
R-40W
CONSERVATION RESIDENTIAL OVERLAY
WATERSHED PROTECTION OVERLAY
Residential-40 Watershed District
The R-40W zoning districts are known as residential watershed districts. These districts allow very-low-density residential development in the form of single-family detached dwellings and duplexes. A limited number of nonresidential uses are also allowed, but generally only if the Board of Adjustment first reviews and approves a site plan and Special Use Permit for such use.
Zone overlays
FUTURE CROD
FUTURE Jordan Lake Watershed District
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Mobile home park
Park & open space
Mar 9, 2027 • Active
Residential - new one- and two-family dwelling
Construct a new one and a half story single-family home on a crawlspace with an attached garage, front, side, and rear porches, and a fireplace.
New construction
Oct 29, 2025 • Final
Residential demolition
Demolish an existing residential building.
Demolition
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Virtual Tour
Bathroom Information
Bathrooms Full: 2
Bedroom Information
Bedrooms Total: 3
Interior Features
Appliances: Electric Range, Gas Water Heater, Refrigerator
Window Features: Skylight(s)
Interior Features: Ceiling Fan(s), High Ceilings, Separate Shower, Walk-In Closet(s)
Fireplaces Total: 1
Flooring: Carpet, Laminate, Tile
Exterior
Building Information
Construction Materials: Vinyl Siding
Building Area Total: 1800.0
Structure Type: Site Built
Exterior Features
Patio and Porch Features: Covered, Deck, Porch
Exterior Features: Fenced Yard
Fencing: Privacy
Property information
Living Area: 1,800
Above Grade Finished Area: 1800.0
Below Grade Finished Area: 0.0
Levels: Multi/Split
Other Structures: Outbuilding
Ownership Type: Other
Lot Information
Lot Size Acres: 9.24
Lot Size Area: 9.24
Lot Size Dimensions: 377' X 1042' X 262' X 246' X 180' X 682'
Lot Size Square Feet: 402494.4
Lot Size Units: Acres
Zoning: R-40W
Financial
Tax Information
Tax Annual Amount: 2015.0
Financial Information
Buyer Financing: Cash
Utilities
Utility Information
Sewer: Septic Tank
Water Source: Well
Heating & Cooling
Heating: Yes
Heating Information: Electric, Floor Furnace
Cooling: Yes
Cooling Information: Central Air
Location
HOA Information
Association: No
Association Amenities: Trail(s)
Association Fee: 0.0
Association Fee 2: 0.0
Association Fee Includes: None
School Information
Elementary School: Wake - HighCroft
Middle Or Junior School: Wake - Mills Park
High School: Wake - Panther Creek
Location Information
County Or Parish: Wake
Directions: GREEN LEVEL CHURCH RD & MORRISVILLE PKWY: W on Morrisville Pkwy. (1.4 miles), R on E Ferrell Rd. (0.4 miles). Home is on the left.
Latitude: 35.798351
Longitude: -78.926277
Postal Code: 27523
Road Frontage Type: Private Road
Public facts
Beds: 5
Baths: 5.5
Sq. Ft.: 5,768
Stories: 1.0
Parking Spaces: 4
Basement: No
Accessible: No
Lot Size: 9.24 acres
Style: Single Family Residential
Year Built: 2026
Year Renovated: 2026
County: Wake County
APN: 0724.01 15 8582 000
HOA Dues: —
Garage: No
Features: Views
Home facts updated by owner on Aug 11, 2026
Other
Listing Date Information
Contract Status Change Date: 2016-05-26
Around this home
Schools
White Oak Elementary
Public PreK-5 • Assigned • 1.3mi
10/10
Mills Park Middle School
Public 6-8 • Assigned • 1.9mi
10/10
Green Level High School
Public 9-12 • Assigned • 2.3mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 104° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Apex, NC • 27523
Average low and high temperatures (°F)
49
28
55
35
70
45
77
54
79
59
89
69
91
73
82
67
81
64
72
50
66
43
53
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.94M – $2.35M
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