Market Conditions in Apex>Question Details

bethfitz, Home Buyer in Apex, NC

What would the NC toll road coming though the back of Jameson woods do to the property value of homes that back up to it?

Asked by bethfitz, Apex, NC Mon Oct 1, 2012

Are there going to be any noise barriers? We are thinking of buying a home in this neighborhood and the home is quite close to where the highway is proposed.
What does this do to the property value?

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Hi Beth,

The Jamison Park subdivision has taken a substantial hit already due to the economy as well as the "Reality" of the future 540. I say "Reality" because the Jamison Park folks knew 540 was coming when the neighborhood was built so this is not news to them. The price decrease can be demonstrated by looking at past home sales and current home sales. A home that is directly next to 540 vs. one inside the neighborhood will be affected differently. You really need a Real Estate Professional familiar with the neighborhood who can property work up current sales comparisons for you. This person needs to know which house you're considering. It would be impossible for someone to just throw out a "ball park" figure and it to be accurate. There are also variences within the neighborhood. For example, some homes have basements, swimming pools, and/or three car garages while others don't. Some may be close to the school and affected by the lights from football games and the park. There is a lot to consider.

If you're not currently working with a Realtor and seeking someone to represent your best interest, I'm very familiar with this neighborhood. Also, you should know 540 is currently on hold. It wouldn't hurt for you to speak to someone from the DOT to get a current update.

Best of Luck!
2 votes Thank Flag Link Mon Oct 1, 2012
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