NOT LISTED FOR SALE

5742 Farmstead Rd Bailey, NC 27807

Estimated Value: $37,478 - $320,000

0.92 Acre
$194,282 Price per Acre
40,075 Sq Ft Lot

Last Sold December 02, 2022

Last sale price $45,000

Est. 297% increase in value since last sale

Current estimated payment $958/month

9 Days on Market

Highlights

  • Wooded Lot
  • No HOA
  • Level Lot

About This Lot

As of December 2022

Beautiful wooded lot in upscale southern Nash County subdivision. Convenient to Raleigh, Rocky Mount, & Wilson. Subdivision has a well maintained entrance, paved street, underground utilities and street lights. Duke/progress Energy. Nash County water available, septic system necessary. Septic permit on file. Covenants on file.

Last Agent to Sell the Property

Kay Mitchell

Stone Auction & Realty License #216183 Listed on: 10/14/2022

Last Buyer's Agent

David Ridgway

RIDGWAY REALTY License #140969

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $265

Lot Details

  • 0.92 Acre Lot
  • Lot Dimensions are 114 x 350 x 114 x 350
  • Level Lot
  • Wooded Lot
  • Property is zoned R40

Schools

  • Bailey Elementary School
  • Southern Nash Middle School
  • Southern Nash High School

Utilities

  • Septic Permit Issued

Community Details

  • No Home Owners Association
  • Morganshire Subdivision
  • The community has rules related to deed restrictions

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 2766-00-56-0243

Property Details

Property Type

Land

Est. Annual Taxes

$265

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: None
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Waterfront: No
  • Waterview: No

Utilities

  • Fuel Tank: None
  • Service Providers Electric Provider: Duke Progress Energy
  • Service Providers Water Provider: Nash County Public Utility
  • Utilities: County Water, Electricity Available, Septic Permit on file
  • Internet Service Provider: Century Link

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: Street Lights

Lot Info

  • Deed Book: 2241
  • Deed Page: 71.00
  • Lot Description: Subdivision, Wooded
  • Lot Dimensions: 114 x 350 x 114 x 350
  • Lot Number: 15
  • Lot Sq Ft: 40075.00
  • Lot Water Features: None
  • Zoning: R40
  • Cleared Acres: 0.07
  • Acres: 0.92
  • Wooded Acres: 0.85
  • Current Use: Residential, Single Family
  • Deed Restriction: Yes
  • Environmental Hazard: No
  • List Price per Acre: 38043.48
  • Soil Evaluation: Soil Evaluation - Yes
  • Topography: Level, Wooded
  • Lot Number2: 15

Tax Info

  • Tax Identifier: 2766-00-56-0243
  • Tax Year: 2022
  • Total Real Estate Property Taxes: 265.00
  • Deferred Taxes: No

MLS Schools

  • Elementary School: Bailey
  • High School: Southern Nash
  • Middle School: Southern Nash

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2022
Closed on
Nov 19, 2022
Sold by
Rosenberg Adam C and Rosenberg Tracy L
Bought by
Williams Durwood Nicholas and Williams Katelynn
Seller's Agent
Kay Mitchell
Stone Auction & Realty
Buyer's Agent
David Ridgway
RIDGWAY REALTY
List Price
$35,000
Sold Price
$45,000
Premium/Discount to List
$10,000
28.57%
Current Estimated Value
$178,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,739
Avg. Annual Appreciation
56.26%

Purchase Details

Listed on
Feb 27, 2020
Closed on
Jan 29, 2021
Sold by
Smith Virginia Dexter and Bell Mark Reid
Bought by
Rosenberg Adam C and Rosenberg Tracy L
Seller's Agent
Kay Mitchell
Stone Auction & Realty
Buyer's Agent
Kay Mitchell
Stone Auction & Realty
List Price
$30,000
Sold Price
$30,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.42%

Purchase Details

Closed on
Feb 17, 2006
Sold by
Morganshire Partners Llc
Bought by
Smith Virginia Dexter
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Williams Durwood Nicholas $35,000 --
Rosenberg Adam C $30,000 None Available
Rosenberg Adam C $30,000 None Listed On Document
Smith Virginia Dexter -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/02/2022 12/02/22 Sold $45,000 +28.6% --
10/23/2022 10/23/22 Pending -- -- --
10/14/2022 10/14/22 For Sale $35,000 +16.7% --
02/17/2021 02/17/21 Sold $30,000 0.0% -- View Prior Sale
02/05/2021 02/05/21 Pending -- -- --
02/27/2020 02/27/20 For Sale $30,000 -- --
Source: Hive 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 $292 $40,000 $40,000 $0
2024 $292 $33,880 $33,880 $0
2023 $261 $33,880 $0 $0
2022 $261 $33,880 $33,880 $0
2021 $261 $33,880 $33,880 $0
2020 $261 $33,880 $33,880 $0
2019 $252 $33,880 $33,880 $0
2018 $252 $33,880 $0 $0
2017 $252 $33,880 $0 $0
2015 $252 $33,880 $0 $0
2014 $252 $33,880 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kay Mitchell

    Seller's Agent in 2022

    Kay Mitchell

    Stone Auction & Realty

    (252) 908-0722

    153 Total Sales

    Kay Mitchell
    Section Image

  • D

    Buyer's Agent in 2022

    David Ridgway

    RIDGWAY REALTY

    (919) 612-1025

    25 Total Sales

    David Ridgway
    Section Image
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Map

Source: Hive MLS

MLS Number: 100353874

Hive MLS

APN: 2766-00-56-0243

North Carolina Nash County Bailey 27807

5742 Farmstead Rd, Bailey, NC

Not Listed for Sale

Lots

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