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$1,300,000

Beds
4
Baths
3.5
sq ft
3,037

206 South Salem Street, Apex, NC 27502

206 South Salem Street

Apex, NC 27502

  • 34 days on market
    • Price drop $50,000↓
This is the one you've been waiting for! Your chance to own a piece of Historic Downtown Apex. The Baucom-Olive Home (circa 1895) is the perfect blend of historic charm, modern functionality and location! As an Apex Historic Landmark, this thoughtfully designed and renovated home holds the spaces to live, work and entertain! Heart pine flooring, tall ceilings, and intricate moldings flow throughout. Each room is a treasure with elevated, well appointed lighting, plumbing fixtures and period details. The Grand Foyer welcomes your guests inside from the charming wrap around rocking chair front porch. Retreat to your Formal Library with a good book or create the ultimate office. Elegant Dining Room features Murano glass chandelier from Venice and additional banquet seating to steal the show! Home flows easily to the living room with wood burning fireplace and custom dry bar. This Chef's kitchen in the heart of the home boasts soapstone countertops, dual fridge and freezer, large island w/ seating, high end appliances and large walk-in pantry. Extend the living outside on your private side porch overlooking formal courtyard with fountain. Spacious Main level Primary retreat and ensuite spa bath features elegant wet room, water closet, built-in dresser wall and custom walk-in closet. Additional Guest suite with ensuite bath on the 1st floor. Step upstairs to 2 additional bedrooms with full bath and more storage options. Relax on your private screen porch overlooking your formal rose garden, shed storage and level, spacious backyard. Nestled in the heart of the Peak City, this home gives you the RARE opportunity to live in a prime location while enjoying comfort and Elegant Living! Capital Area Preservation 2017 Anthemion Award Winner!

Details

Property type

Single Family Residence

Est. home value

$570,676

Property condition

Updated/Remodeled

Lot size

0.38 acres

Price per sq ft

$429

Year built

1895

Annual property taxes

$6,315.44

Price History

03/26/2025
TriangleMLS

TriangleMLS #10079164

Price change
$1,300,000
-3.7%
03/06/2025
TriangleMLS

TriangleMLS #10079164

Listed
$1,350,000
+319.25%
09/01/2015
TriangleMLS

TriangleMLS #1990770

Sold
$322,000

Schools & Community

Elementary school: 

Wake - Baucom

Middle school: 

Wake - Apex

High school: 

Wake - Apex

Community features: 

Park, Sidewalks, Street Lights

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$935,606
Asking price
$1,300,000
Closing costs (~8% of asking)
-$104,000
Est. remaining loan balance
-$260,394
Cash to seller
$935,606

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Morgan Stanley Private Bank Na

Loan start date

September 2017

Original loan amount

$465,600

Est. remaining balance

$260,394

Interest rate

3.18%

Loan type

New Conventional, 15 year

Seller

Augustus Graham Shirley Ii and Kimberly B Shirley

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 12:45 PM

Listing updated: 03/31/2025 at 4:06 AM

Listed by: Michael Proctor, Triangle Home Team Realty Phone #: (919) 355-8063

MLS: TriangleMLS #10079164

TriangleMLS logo

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