NOT LISTED FOR SALE

1296 Posey Farm Rd Raeford, NC 28376

Estimated Value: $289,800 - $304,000

3 Beds
2.5 Baths
1,536 Sq Ft
$192/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $275,000 $179 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,664/month

104 Days on Market

Highlights

  • Barn
  • Colonial Architecture
  • Wooded Lot
  • Stables
  • Wood Burning Stove
  • Wood Flooring

About This Home

As of June 2023

1,536 square foot farmhouse on 3 acres in Hoke County. Located on Posey Farm Road, this property has a lot of potential with a large barn, a great little work cottage that could be converted into living space, a carport, and an outdoor entertainment patio. Everything needs a little work but nothing too major. Great starter house or possible flip. The barn has plenty of room for a garage and living/workspace above and the cottage could easily be a one-bedroom apartment or guest house. Easy access to Fayetteville Road and Fort Bragg, not far from shopping and access to the new 295 freeway. There are plans to build 6 houses along Posey Farm Road in front of this house, please refer to the plat map in the listing.

Last Agent to Sell the Property

Larry Bergin

CAROLINA SUMMIT GROUP #1 License #308790 Listed on: 01/14/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,492

Year Built

  • Built in 1992

Lot Details

  • 2.91 Acre Lot
  • Wooded Lot

Parking

  • 2 Car Detached Garage
  • 1 Detached Carport Space

Home Design

  • Colonial Architecture

Interior Spaces

  • 1,536 Sq Ft Home
  • 1 Fireplace
  • Wood Burning Stove
  • Crawl Space

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on upper level
  • Washer and Dryer

Schools

  • Hoke County Schools Middle School

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank

Additional Features

  • Wrap Around Porch
  • Barn
  • Stables

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 494640001126

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,492

Year Built

Built in 1992

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1992
  • Prop. Type: Residential
  • Architectural Style: Colonial
  • Carport Y N: Yes
  • Garage Yn: Yes
  • New Construction: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Cooling:Electric: Yes
  • Flooring Hardwood: Yes
  • Laundry Features Upper Level: Yes
  • Appliances Refrigerators: Yes
  • Flooring Wood: Yes
  • Architectural Style Colonial: Yes
  • General Property Information Carport YN: Yes
  • Other Structures Barn(s): Yes
  • General Property Information Carport Spaces2: 1.0
  • General Property Information Lot Size Square Feet2: 126759.6
  • General Property Information Building Project Name3: Schedule showings through ShowingTime - Home is Vacant. Please reach out to Larry Bergin for more information and email offers to larry@bellmanley.com.
  • Other Structures Stable(s)4: Yes
  • General Property Information Lot Size Acres: 2.91
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood, Tile, Wood
  • Interior Amenities: Bathtub/Shower Combination, Walk-In Shower
  • Basement: Crawl Space
  • Appliances: Dishwasher, Microwave, Range, Refrigerator, Washer/Dryer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning Stove
  • Fireplaces: 1
  • Appliances Dishwasher: Yes
  • Interior Features:Walk-In Shower: Yes
  • Basement:Crawl Space: Yes
  • Appliances Range: Yes
  • Fireplace Features:Wood Burning Stove: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Appliances:WasherDryer: Yes

Exterior Features

  • Acres: 2.91
  • Home Warranty: No
  • Patio And Porch Features: Covered, Front Porch, Wrap Around
  • Lot Features:Wooded: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Patio And Porch Features:Wrap Around: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Detached, Detached Carport
  • Parking Features:Detached: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Detached Carport: Yes

Utilities

  • Heating: Heat Pump
  • Cooling: Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Hoke County Schools

Lot Info

  • Lot Size Sq Ft: 126759.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 494640001126

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2023
Closed on
Jun 12, 2023
Sold by
Ubuntu Developer Llc
Bought by
Basnight Larry Barnard
Seller's Agent
Larry Bergin
CAROLINA SUMMIT GROUP #1
List Price
$295,000
Sold Price
$275,000
Premium/Discount to List
-$20,000
-6.78%
Views
604
Current Estimated Value
$294,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,200
Avg. Annual Appreciation
2.88%

Purchase Details

Closed on
Jun 2, 2022
Sold by
Michael and Kimberly
Bought by
Ubuntu Developer Llc

Purchase Details

Closed on
Jul 28, 2017
Sold by
Mcneill Melissa and Mcneill David
Bought by
Michael Ronald and Michael Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2013
Sold by
Mayhew Patricia A
Bought by
Mcneill Melissa and Mcneill David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Basnight Larry Barnard $275,000 None Listed On Document
Basnight Larry Barnard $275,000 None Listed On Document
Ubuntu Developer Llc $389,000 Lee Parker C
Michael Ronald $202,000 None Available
Mcneill Melissa $120,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Michael Ronald $202,000
Previous Owner Mcneill Melissa $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2023 06/20/23 Sold $275,000 -6.8% $179 / Sq Ft
04/28/2023 04/28/23 Pending -- -- --
01/14/2023 01/14/23 For Sale $295,000 -- $192 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,492 $168,170 $48,580 $119,590
2024 $1,492 $168,170 $48,580 $119,590
2023 $1,315 $168,170 $48,580 $119,590
2022 $1,315 $146,260 $26,670 $119,590
2021 $1,367 $152,080 $23,240 $128,840
2020 $1,390 $152,080 $23,240 $128,840
2019 $1,390 $152,080 $23,240 $128,840
2018 $1,390 $152,080 $23,240 $128,840
2017 $1,390 $152,080 $23,240 $128,840
2016 $1,365 $152,080 $23,240 $128,840
2015 $1,365 $152,080 $23,240 $128,840
2014 $1,342 $152,080 $23,240 $128,840
2013 -- $135,630 $18,410 $117,220
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Larry Bergin

    CAROLINA SUMMIT GROUP #1

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Map

Source: Doorify MLS

MLS Number: LP696934

Doorify MLS

APN: 494640001126

North Carolina Hoke County Raeford 28376

1296 Posey Farm Rd, Raeford, NC

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