NOT LISTED FOR SALE

217 Otis Way Unit 352 Holly Springs, NC 27540

Estimated Value: $643,000 - $732,000

4 Beds
3 Baths
3,016 Sq Ft
$229/Sq Ft Est. Value

Last Sold June 03, 2021

Last sale price $498,933 $165 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,169/month

110 Days on Market

Highlights

  • Fitness Center
  • New Construction
  • Wood Flooring
  • Buckhorn Creek Elementary Rated A
  • Clubhouse
  • Main Floor Bedroom

About This Home

As of June 2021

Wrightsville C -Ready June. This home is in framing. This is one on M/I Homes favorite homes. The first floor has a formal dining room with tons of windows, bedroom or office with full bath off the back of the home for privacy. We bumped the breakfast nook with a covered porch a wonderful place for coffee or tea. We also added a storage bump to your garage for extra storage. The second floor has 3 bedrooms and a large loft. The owners bath is truly amazing with a free standing tub @ walk in shower.

Last Agent to Sell the Property

Adair Preston

M/I Homes of Raleigh LLC License #244923 Listed on: 10/08/2020

Co-Listed By

Sabrina Field

M/I Homes of Raleigh LLC License #191693

Last Buyer's Agent

Jane Bauer

Choice Residential Real Estate License #272103

Choice Residential Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,500

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 7,841

HOA Fees

  • $79 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Frame Construction
  • Radiant Barrier

Interior Spaces

  • 3,016 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Gas Fireplace
  • Mud Room
  • Family Room
  • Loft
  • Laundry on upper level
  • Attic

Kitchen

  • Eat-In Kitchen
  • ENERGY STAR Qualified Appliances

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Separate Shower in Primary Bathroom
  • Soaking Tub
  • Walk-in Shower

Eco-Friendly Details

  • Energy-Efficient Lighting
  • Water-Smart Landscaping

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

Additional Features

  • Rain Gutters
  • 7,841 Sq Ft Lot

Listing and Financial Details

  • Home warranty included in the sale of the property

Community Details

Overview

  • Built by M/I Homes
  • Honeycutt Farm Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,500

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$79 per month

Parking

2

Listing Details

  • Builder Name: M/I Homes
  • Year Built: 2020
  • Prop. Type: Residential
  • Co List Office Phone: 919-828-1106
  • Subdivision Name: Honeycutt Farm
  • Above Grade Finished Sq Ft: 3016.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: Yes
  • Efficiency: Lighting
  • 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
  • Foundation Details Slab: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2021-05-01
  • Construction Materials Radiant Barrier: Yes
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Interior Features Separate Shower: Yes
  • Levels Two: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: M
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: 2
  • Laundry Features Upper Level: Yes
  • Room Types Loft: Yes
  • Flooring Wood: Yes
  • Pool Features Swimming Pool ComFee: Yes
  • Room Types Mud Room: Yes
  • Green Water Conservation Water-Smart Landscaping: Yes
  • General Property Information Above Grade Finished Area: 3016.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 7840.8
  • General Property Information Lot Size Acres: 0.18
  • General Property Information Builder Name: M/I Homes
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Combination, Wood
  • Interior Amenities: Eat-in Kitchen, High Ceilings, Pantry, Separate Shower, Soaking Tub, Walk-In Closet(s), Walk-In Shower
  • Appliances: ENERGY STAR Qualified Appliances, Gas Water Heater
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Community Features:Playground2: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances:ENERGY STAR Qualified Appliances: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Soaking Tub: Yes
  • Fireplace Features:Gas4: Yes
  • Attic Features:Walk-In Attic: Yes
  • Community Features:Fitness Center2: Yes

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.18
  • Home Warranty: Yes
  • Construction Type: Fiber Cement, Radiant Barrier
  • Foundation Details: Slab
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: 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

  • Heating: Forced Air, Natural Gas
  • Cooling: Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

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

Association/Amenities

  • Association Amenities:Pool: Yes
  • Association Amenities:Trail(s): Yes
  • Association Amenities:Clubhouse: Yes
  • General Property Information:Association YN: 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 Water Conservation: Water-Smart Landscaping
  • Green Energy Efficient:Lighting2: Yes

Tax Info

  • Tax Annual Amount: 5500.0

MLS Schools

  • Elementary School: Wake - Buckhorn Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
Jun 3, 2021
Sold by
M I Homes Of Raleigh Llc
Bought by
Avala Ramachandra Reddy and Avala Anusha
Seller's Agent
Adair Preston
M/I Homes of Raleigh LLC
Buyer's Agent
Jane Bauer
Choice Residential Real Estate
List Price
$505,513
Sold Price
$498,933
Premium/Discount to List
-$6,580
-1.3%
Current Estimated Value
$689,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,601
Avg. Annual Appreciation
7.63%
Original Mortgage
$468,933
Outstanding Balance
$424,560
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$264,974
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Avala Ramachandra Reddy $499,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Avala Ramachandra Reddy $468,933
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $498,933 -- --
06/03/2021 06/03/21 Sold $498,933 -1.3% $165 / Sq Ft
01/26/2021 01/26/21 Pending -- -- --
01/24/2021 01/24/21 For Sale $505,513 0.0% $168 / Sq Ft
01/24/2021 01/24/21 Price Changed $505,513 +3.5% $168 / Sq Ft
01/18/2021 01/18/21 Pending -- -- --
12/12/2020 12/12/20 Price Changed $488,513 +7.3% $162 / Sq Ft
10/08/2020 10/08/20 For Sale $455,200 -- $151 / 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 $5,766 $667,637 $145,000 $522,637
2024 $5,742 $667,637 $145,000 $522,637
2023 $4,974 $459,273 $80,000 $379,273
2022 $4,801 $459,273 $80,000 $379,273
2021 $817 $80,000 $80,000 $0
2020 $0 $80,000 $80,000 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Adair Preston

    M/I Homes of Raleigh LLC

  • Sabrina Field

    Seller Co-Listing Agent in 2021

    Sabrina Field

    M/I Homes of Raleigh LLC

    (919) 669-3321

    346 in this area

    481 Total Sales

    Sabrina Field
    Section Image
  • Jane Bauer

    Buyer's Agent in 2021

    Jane Bauer

    Choice Residential Real Estate

    (919) 244-7750

    5 in this area

    33 Total Sales

    Jane Bauer
    Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 2347276

Doorify MLS

APN: 0647.02-59-7724-000

North Carolina Wake County Holly Springs 27540

217 Otis Way Unit 352, Holly Springs, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Doorify MLS Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

Nearby Homes