NOT LISTED FOR SALE

205 Otis Way Holly Springs, NC 27540

Estimated Value: $684,000 - $735,000

5 Beds
4 Baths
3,000 Sq Ft
$236/Sq Ft Est. Value

Last Sold October 07, 2021

Last sale price $580,000 $193 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,264/month

1 Day on Market

Highlights

  • Fitness Center
  • Craftsman Architecture
  • Loft
  • Buckhorn Creek Elementary Rated A
  • Clubhouse
  • High Ceiling

About This Home

As of October 2021

Are you looking for new construction but don't want to wait for the home to be built? Then this home is for YOU! New construction in 2021 and has only been lived in for a few months! This "nearly" new home is the popular Beech A floorpan by M/I Homes in the sought after Honeycutt Farm neighborhood. It features 5 bedrooms, 4 full bath with one bedroom and full bath located on the first floor. Open concept living at it's finest - in a community that features a pool, clubhouse and more! Convenient location.

Last Agent to Sell the Property

Martina Erdmeier

Fathom Realty NC License #286223 Listed on: 08/21/2021

Fathom Realty NC

Last Buyer's Agent

Daxay Malkan

Esteem Properties License #231461

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,600

Year Built

  • Built in 2021

Lot Details

  • 7,841

HOA Fees

  • $79 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Craftsman Architecture
  • Slab Foundation
  • Low Volatile Organic Compounds (VOC) Products or Finishes
  • Radiant Barrier

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Insulated Windows
  • Breakfast Room
  • Loft
  • Pull Down Stairs to Attic

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms
  • Low Flow Plumbing Fixtures
  • Private Water Closet
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level

Eco-Friendly Details

  • Energy-Efficient Lighting
  • Energy-Efficient Thermostat
  • No or Low VOC Paint or Finish
  • Ventilation

Schools

  • Buckhorn Creek Elementary School
  • Holly Grove Middle School
  • Holly Springs High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • 7,841 Sq Ft Lot

Community Details

Overview

  • Honeycutt Farm Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,600

Year Built

Built in 2021

Lot Details

0

HOA Fees

$79 per month

Parking

2

Listing Details

  • Year Built: 2021
  • Prop. Type: Residential
  • Subdivision Name: Honeycutt Farm
  • Above Grade Finished Sq Ft: 3000.0
  • Architectural Style: Craftsman
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Efficiency: Lighting, Thermostat
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: see plat
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Appliances Microwave: Yes
  • Wall Oven: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Interior Features Water Closet: Yes
  • Laundry Features Laundry Room: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Construction Materials Radiant Barrier: Yes
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Laundry Features Upper Level: Yes
  • Room Types Loft: Yes
  • Appliances Refrigerators: Yes
  • Room Types Breakfast Room: Yes
  • Interior Features Bathtub Only: Yes
  • Utilities Cable Available: Yes
  • Architectural Style Craftsman: Yes
  • Construction Materials Low VOC PaintSealantVarnish: Yes
  • Flooring Laminate: Yes
  • Green Indoor Air Quality Ventilation: Yes
  • Green Water Conservation Low-Flow Fixtures: Yes
  • General Property Information Above Grade Finished Area: 3000.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 7840.8
  • General Property Information Lot Size Acres: 0.18
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Interior Amenities: Bathtub Only, Ceiling Fan(s), Granite Counters, High Ceilings, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower, Water Closet
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Wall Oven
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Community Features:Playground2: Yes
  • Community Features:Pool2: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Appliances:ENERGY STAR Qualified Appliances: Yes
  • Appliances:Gas Water Heater: Yes
  • Community Features:Fitness Center2: Yes

Exterior Features

  • Acres: 0.18
  • Construction Type: Fiber Cement, Low VOC Paint/Sealant/Varnish, Radiant Barrier
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Porch
  • Construction Materials:Fiber Cement: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Covered2: Yes
  • Window Features:Insulated Windows: Yes

Garage/Parking

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

Utilities

  • Utilities: Cable Available
  • Heating: Electric, Forced Air, Natural Gas
  • Cooling: Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Fitness Center, Playground, Pool
  • Association Fee: 79.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Amenities:Pool: Yes
  • Association Amenities:Clubhouse: Yes
  • General Property Information:Association Fee: 79.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Wake - Holly Springs
  • Middle Or Junior School: Wake - Holly Grove

Lot Info

  • Lot Dimensions: see plat
  • Lot Size Sq Ft: 7840.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Indoor Air Qlty: Ventilation
  • Green Water Conservation: Low-Flow Fixtures
  • Green Energy Efficient:Lighting2: Yes
  • Green Energy Efficient:Thermostat: Yes

Tax Info

  • Tax Annual Amount: 1600.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Wake - Buckhorn Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2021
Closed on
Sep 2, 2021
Sold by
Murphy Family Grantor Trust
Bought by
Rasale Rajesh and Narayana Uma
Seller's Agent
Martina Erdmeier
Fathom Realty NC
Buyer's Agent
Daxay Malkan
Esteem Properties
List Price
$535,000
Sold Price
$580,000
Premium/Discount to List
$45,000
8.41%
Current Estimated Value
$709,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,071
Avg. Annual Appreciation
5.09%
Original Mortgage
$448,000
Outstanding Balance
$407,647
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$301,424

Purchase Details

Closed on
Apr 22, 2021
Sold by
M I Homes Of Raleigh Llc
Bought by
Murphy G Patrick G and Murphy Patricia Sue
Source: Public Records

Range of Values:

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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
Rasale Rajesh $580,000 None Available
Murphy G Patrick G $469,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rasale Rajesh $448,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $580,000 -- --
10/07/2021 10/07/21 Sold $580,000 +8.4% $193 / Sq Ft
08/22/2021 08/22/21 Pending -- -- --
08/21/2021 08/21/21 For Sale $535,000 -- $178 / 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 $5,687 $658,513 $145,000 $513,513
2024 $5,663 $658,513 $145,000 $513,513
2023 $4,903 $452,709 $80,000 $372,709
2022 $4,733 $452,709 $80,000 $372,709
2021 $1,600 $156,600 $80,000 $76,600
2020 $0 $80,000 $80,000 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Martina Erdmeier

    Fathom Realty NC

    Section Image
  • Daxay Malkan

    Buyer's Agent in 2021

    Daxay Malkan

    Esteem Properties

    (919) 332-6991

    22 in this area

    347 Total Sales

    Daxay Malkan
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2403257

Doorify MLS

APN: 0647.02-59-5672-000

North Carolina Wake County Holly Springs 27540

205 Otis Way, Holly Springs, NC

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