NOT LISTED FOR SALE

404 Faxton Way Unit 423 Holly Springs, NC 27540

Estimated Value: $759,000

5 Beds
4 Baths
2,886 Sq Ft
$263/Sq Ft Est. Value

Last Sold April 27, 2023

Last sale price $687,269 $238 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,538/month

Highlights

  • Fitness Center
  • New Construction
  • ENERGY STAR Certified Homes
  • Buckhorn Creek Elementary Rated A
  • 20 Acre Lot
  • Craftsman Architecture

About This Home

As of April 2023

Beech - for comp. purposes only

Last Agent to Sell the Property

Elizabeth Bartee

M/I Homes of Raleigh LLC License #330123 Listed on: 09/14/2022

Last Buyer's Agent

Elizabeth Bartee

M/I Homes of Raleigh LLC License #330123 Listed on: 09/14/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,720

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 20 Acre Lot
  • Lot Dimensions are 65x120
  • Landscaped with Trees

HOA Fees

  • $88 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Front Facing Garage

Home Design

  • Craftsman Architecture
  • Brick Foundation
  • Frame Construction
  • Low Volatile Organic Compounds (VOC) Products or Finishes

Interior Spaces

  • 2,886 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • High Ceiling
  • 1 Fireplace
  • Insulated Windows
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Breakfast Room
  • Dining Room
  • Loft
  • Screened Porch
  • Utility Room
  • Basement
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Built-In Double Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • ENERGY STAR Qualified Appliances
  • Granite Countertops
  • Quartz Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 4 Full Bathrooms
  • Low Flow Plumbing Fixtures
  • Private Water Closet
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level

Eco-Friendly Details

  • Energy-Efficient Lighting
  • ENERGY STAR Certified Homes
  • Energy-Efficient Thermostat
  • No or Low VOC Paint or Finish
  • Ventilation

Outdoor Features

  • Rain Gutters

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
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property

Community Details

Overview

  • Ppm Association
  • 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

$5,720

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$88 per month

Parking

2

Listing Details

  • Builder Name: M/I Homes
  • Year Built: 2023
  • Prop. Type: Residential
  • Subdivision Name: Honeycutt Farm
  • Above Grade Finished Sq Ft: 2886.0
  • Architectural Style: Craftsman
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Efficiency: Lighting, Thermostat
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 65x120
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Association Fee 2 Required YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Wall Oven: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Flooring Tile: Yes
  • Interior Features Water Closet: Yes
  • Laundry Features Laundry Room: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2023-03-01
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Lot Features Hardwood Trees: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: 2
  • Room Types Bedroom 3 Level: 2
  • Room Types Bedroom 4 Level: 2
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: 2
  • Laundry Features Upper Level: Yes
  • Room Types Bedroom 5 Level: M
  • Room Types Loft: Yes
  • Room Types Utility Room: 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
  • Green Building Verification Type ENERGY STAR Certified Homes: Yes
  • Flooring Laminate: Yes
  • Green Indoor Air Quality Ventilation: Yes
  • Green Water Conservation Low-Flow Fixtures: Yes
  • Foundation Details BrickMortar: Yes
  • Room Types Mud Room: Yes
  • General Property Information Above Grade Finished Area: 2886.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 871200.0
  • General Property Information Lot Size Acres: 20.0
  • General Property Information Builder Name: M/I Homes
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Interior Amenities: Bathtub Only, Entrance Foyer, Granite Counters, High Ceilings, High Speed Internet, Pantry, Quartz Counters, Smooth Ceilings, Soaking Tub, Walk-In Closet(s), Walk-In Shower, Water Closet
  • Basement: Crawl Space
  • Appliances: Double Oven, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker, Range Hood, Wall Oven
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Appliances:Gas Cooktop: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Appliances:Range Hood: Yes
  • Community Features:Playground2: Yes
  • Community Features:Pool2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Quartz Counters: Yes
  • Appliances:ENERGY STAR Qualified Appliances: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Soaking Tub: Yes
  • Appliances:Double Oven: Yes
  • Interior Features:High Speed Internet: Yes
  • Community Features:Fitness Center2: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 20.0
  • Home Warranty: Yes
  • Construction Type: Fiber Cement, Low VOC Paint/Sealant/Varnish
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Covered, Porch, Screened
  • Construction Materials:Fiber Cement: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Patio And Porch Features:Covered2: Yes
  • Window Features:Insulated Windows: Yes

Garage/Parking

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

Utilities

  • Utilities: Cable Available
  • 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, Pool
  • Association Fee: 88.0
  • Association Fee Frequency: Monthly
  • Association Name: PPM
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: PPM
  • Association Amenities:Pool: Yes
  • Association Amenities:Trail(s): Yes
  • Association Amenities:Clubhouse: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 88.0
  • 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: 65x120
  • Lot Size Sq Ft: 871200.0
  • 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

MLS Schools

  • Elementary School: Wake - Buckhorn Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2022
Closed on
Apr 27, 2023
Sold by
M/I Homes Of Raleigh Llc
Bought by
Pesapane Mark and Pesapane Melinda
Seller's Agent
Elizabeth Bartee
M/I Homes of Raleigh LLC
Buyer's Agent
Elizabeth Bartee
M/I Homes of Raleigh LLC
List Price
$687,269
Sold Price
$687,269
Current Estimated Value
$759,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,731
Avg. Annual Appreciation
4.05%
Original Mortgage
$412,000
Outstanding Balance
$400,975
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$358,025
Source: Public Records

Range of Values:

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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
Pesapane Mark $687,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pesapane Mark $412,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $687,269 -- --
04/27/2023 04/27/23 Sold $687,269 0.0% $238 / Sq Ft
02/01/2023 02/01/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $687,269 -- $238 / 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 $5,720 $662,273 $145,000 $517,273
2024 $5,696 $662,273 $145,000 $517,273
2023 $2,023 $187,600 $80,000 $107,600
2022 $0 $80,000 $80,000 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Elizabeth Bartee

    M/I Homes of Raleigh LLC

    (919) 903-6127

    64 in this area

    133 Total Sales

    Elizabeth Bartee
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2493079

Doorify MLS

APN: 0647.02-58-1388-000

North Carolina Wake County Holly Springs 27540

404 Faxton Way Unit 423, Holly Springs, NC

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