NOT LISTED FOR SALE

5742 Farmstead Rd Bailey, NC 27807

Estimated Value: $38,597 - $323,000

0.92 Acre
$196,521 Price per Acre
40,075 Sq Ft Lot

Sale Details

Date Sold: December 2, 2022

Last sale price $45,000

Est. 302% increase in value since last sale

Current estimated payment $995 / mo

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 Appraisal Company License #A6708

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $265

Lot Details

  • 40,075 Sq Ft 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

0.92 Acres

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Prospect Exempt: No
  • Secondary Subdivision: N/A
  • Total Real Estate Property Taxes: 265.00
  • Waterview: No
  • Buildigson Property: None
  • List Priceper Acre: 38043.48
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: None
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Waterfront: 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

  • H O A: No
  • H O Aand Neighborhood Amenities: Street Lights

Schools

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

Lot Info

  • Cobra Zone: No
  • 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
  • Soil Evaluation: Soil Evaluation - Yes
  • Topography: Level, Wooded
  • Lot Number2: 15

Rental Info

  • Appointment Center Phone: (252) 908-0722
  • Appointment Contact: Kay Mitchell

Tax Info

  • Tax Identifier: 2766-00-56-0243
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2022
Closed on
Nov 19, 2022
Sold by
Bought by
Seller's Agent
Kay Mitchell
Stone Auction & Realty
Buyer's Agent
David Ridgway
Ridgway Appraisal Company
List Price
$35,000
Sold Price
$45,000
Premium/Discount to List
$10,000
28.57%
Current Estimated Value
$180,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,799
Avg. Annual Appreciation
47.15%

Purchase Details

Listed on
Feb 27, 2020
Closed on
Jan 29, 2021
Sold by
Bought by
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
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$35,000 --
$30,000 None Available
$30,000 None Listed On Document
-- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    146 Total Sales

    Kay Mitchell
    Section Image

  • D

    Buyer's Agent in 2022

    David Ridgway

    Ridgway Appraisal Company

    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

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Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2026 Hive MLS LLC

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