NOT LISTED FOR SALE

429 Faxton Way Unit 388 Holly Springs, NC 27540

Estimated Value: $876,000

6 Beds
5.5 Baths
4,349 Sq Ft
$201/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $826,243 $190 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,225/month

51 Days on Market

Highlights

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

About This Home

As of February 2023

The Blair A with finished basement backing to the woods is a homeowners dream. 6 beds, 5.5 baths, study, loft and 40x15 rec room. Gourmet kitchen, fireplace w/ built ins, 14x11 screen porch, huge pantry with mud room & bench & cubbies, guest suite on first floor & sep powder room. 9ft ceilings all floors. tons of light and .19 acre corner homesite. PRIVATE back yard. Ready before Spring. See onsite agent for more details.

Last Agent to Sell the Property

Sabrina Field

M/I Homes of Raleigh LLC License #191693 Listed on: 10/02/2022

Co-Listed By

Adair Preston

M/I Homes of Raleigh LLC License #244923

Last Buyer's Agent

Ramaiah Kotra

SRK Realty LLC License #266592

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,720

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 8,276 Sq Ft Lot
  • Landscaped

HOA Fees

  • $79 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Front Facing Garage
  • Garage Door Opener
  • Private Driveway

Home Design

  • Craftsman Architecture
  • Brick Exterior Construction
  • Frame Construction
  • Board and Batten Siding

Interior Spaces

  • 3-Story Property
  • Bookcases
  • Smooth Ceilings
  • High Ceiling
  • Gas Log Fireplace
  • Insulated Windows
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • Breakfast Room
  • Home Office
  • Loft
  • Screened Porch
  • Storage
  • Utility Room
  • Attic

Kitchen

  • Double Convection Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Low Flow Plumbing Fixtures
  • Private Water Closet
  • Separate Shower in Primary Bathroom
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level

Finished Basement

  • Interior and Exterior Basement Entry
  • Laundry in Basement
  • Natural lighting in basement

Eco-Friendly Details

  • Energy-Efficient Lighting
  • ENERGY STAR Certified Homes
  • Energy-Efficient Thermostat
  • 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

$6,720

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$79 per month

Parking

2

Listing Details

  • Builder Name: M/I Homes
  • Year Built: 2023
  • Prop. Type: Residential
  • Co List Office Phone: 919-828-1106
  • Subdivision Name: Honeycutt Farm
  • Above Grade Finished Sq Ft: 3302.0
  • Architectural Style: Craftsman
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: Yes
  • Efficiency: Lighting, Thermostat
  • Contract Information Ownership Type: Other
  • General Property Information Below Grade Unfinished Area: 494.0
  • General Property Information Total Unfinished Area2: 494.0
  • General Property Information Lot Size Dimensions: see plat
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Cooling Central Air: 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: 2023-02-01
  • Cooling Zoned: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Interior Features Smooth Ceilings: 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 Den2: Yes
  • Room Types Family Room2: Yes
  • Room Types Office: 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
  • Utilities Cable Available: Yes
  • Pool Features Swimming Pool ComFee: Yes
  • Architectural Style Craftsman: Yes
  • Green Building Verification Type ENERGY STAR Certified Homes: Yes
  • Flooring Laminate: Yes
  • Levels Three Or More: Yes
  • Green Indoor Air Quality Ventilation: Yes
  • Green Water Conservation Low-Flow Fixtures: Yes
  • Laundry Features In Basement: Yes
  • Room Types Mud Room: Yes
  • General Property Information Above Grade Finished Area: 3302.0
  • General Property Information Below Grade Finished Area: 1047.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 8276.4
  • General Property Information Lot Size Acres: 0.19
  • General Property Information Builder Name: M/I Homes
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Laminate, Tile
  • Interior Amenities: Bookcases, Entrance Foyer, Granite Counters, High Ceilings, High Speed Internet, Pantry, Separate Shower, Smooth Ceilings, Soaking Tub, Storage, Walk-In Closet(s), Walk-In Shower, Water Closet
  • Basement: Daylight, Exterior Entry, Finished, Interior Entry
  • Appliances: Convection Oven, Dishwasher, Double Oven, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker, Range Hood
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 1047.0
  • Fireplace Features: Family Room, Gas Log
  • Fireplaces: 1
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Appliances:Range Hood: Yes
  • Community Features:Playground2: 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
  • Fireplace Features:Family Room: Yes
  • Interior Features:Storage3: Yes
  • Appliances:ENERGY STAR Qualified Appliances: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Soaking Tub: Yes
  • Basement:Daylight: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Interior Entry: Yes
  • Interior Features:Bookcases: Yes
  • Appliances:Double Oven: Yes
  • Interior Features:High Speed Internet: Yes
  • Attic Features:Walk-In Attic: Yes
  • Basement Finished: Yes
  • Community Features:Fitness Center2: Yes
  • Appliances:Convection Oven: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.19
  • Home Warranty: Yes
  • Construction Type: Board & Batten Siding, Brick, Fiber Cement
  • Patio And Porch Features: 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
  • Construction Materials:Board Batten Siding: Yes
  • Window Features:Insulated Windows: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Front
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Front: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Utilities: Cable Available
  • Heating: Natural Gas, Zoned
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Zoned2: Yes

Condo/Co-op/Association

  • Community Features: Fitness Center, Playground
  • Association Fee: 79.0
  • 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: 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: 8276.4
  • 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

Closed on
Feb 28, 2022
Sold by
M/I Homes Of Raleigh Llc
Bought by
Thanneeru Sudharsan Rao and Biyyapu Kavitha
Current Estimated Value
$876,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,443
Interest Rate
6.33%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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List 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
Thanneeru Sudharsan Rao $826,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thanneeru Sudharsan Rao $650,443
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $826,243 -- --
02/28/2023 02/28/23 Sold $826,243 -1.6% $190 / Sq Ft
11/22/2022 11/22/22 Pending -- -- --
11/19/2022 11/19/22 Price Changed $840,000 -2.6% $193 / Sq Ft
10/02/2022 10/02/22 For Sale $862,307 -- $198 / 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 $6,720 $778,498 $145,000 $633,498
2024 $6,554 $778,498 $145,000 $633,498
2023 $3,738 $524,257 $80,000 $444,257
2022 $0 $80,000 $80,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Sabrina Field

    Seller's Agent in 2023

    Sabrina Field

    M/I Homes of Raleigh LLC

    (919) 669-3321

    346 in this area

    481 Total Sales

    Sabrina Field
    Section Image

  • A

    Seller Co-Listing Agent in 2023

    Adair Preston

    M/I Homes of Raleigh LLC

  • R

    Buyer's Agent in 2023

    Ramaiah Kotra

    SRK Realty LLC

    (919) 672-3710

    8 in this area

    46 Total Sales

    Ramaiah Kotra
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2477140

Doorify MLS

APN: 0647.01-48-8334-000

North Carolina Wake County Holly Springs 27540

429 Faxton Way Unit 388, Holly Springs, NC

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