NOT LISTED FOR SALE

5764 Farmstead Rd Bailey, NC 27807

Estimated Value: $454,000 - $522,000

0.92 Acre
$526,013 Price per Acre
40,075 Sq Ft Lot

Last Sold August 20, 2021

Last sale price $32,000

Est. 1,412% increase in value since last sale

Current estimated payment $2,842/month

1,335 Days on Market

About This Lot

As of August 2021

Up-scale Nash county subdivision with beautiful entrance lighting & underground utilities, back half of lot is cleared, front is wooded. Convenient to Raleigh Rocky Mount & Wilson. Well and septic are necessary. Reputable local builder will build to your specifications with a reasonable builders deposit and a lenders prequalification letter. NO construction loan is necessary.

Last Agent to Sell the Property

Kay Mitchell

Stone Auction & Realty License #216183 Listed on: 09/28/2017

Last Buyer's Agent

A Non Member

A Non Member

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $245

Lot Details

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

Schools

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

Community Details

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

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 2766-00-46-9370

Property Details

Property Type

Land

Est. Annual Taxes

$245

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: Maintained, Paved, Public (City/Cty/St)
  • Waterfront: No
  • Waterview: No

Utilities

  • Federal Flood Ins Avlbl: No
  • Fuel Tank: None
  • Service Providers Electric Provider: Duke Progress Energy
  • Utilities: See Remarks

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Book: 2241
  • Deed Page: 71.00
  • Lot Description: Subdivision
  • Lot Dimensions: 114 x 350 x 114 x 350
  • Lot Number: 14
  • Lot Sq Ft: 40075.00
  • Zoning: R40
  • Cleared Acres: 0.45
  • Acres: 0.92
  • Wooded Acres: 0.47
  • Current Use: Residential
  • Deed Restriction: Yes
  • Environmental Hazard: No
  • List Price per Acre: 34782.61
  • Soil Evaluation: Soil Evaluation - Yes
  • Topography: Level
  • Lot Number2: 14

Tax Info

  • Tax Identifier: 2766-00-46-9370
  • Tax Year: 17
  • Total Real Estate Property Taxes: 245.00
  • Deferred Taxes: No

MLS Schools

  • Elementary School: Bailey
  • High School: Southern Nash
  • High School2: NRMPS Early College
  • Middle School: Southern Nash
  • School District: Nash

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2017
Closed on
Jul 23, 2021
Sold by
Smith Virginia Dexter and Bell Mark R
Bought by
Klompstra Timothy and Honabach Stephanie
Seller's Agent
Kay Mitchell
Stone Auction & Realty
Buyer's Agent
A Non Member
A Non Member
List Price
$33,880
Sold Price
$32,000
Premium/Discount to List
-$1,880
-5.55%
Current Estimated Value
$483,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$451,932
Avg. Annual Appreciation
86.18%

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
Klompstra Timothy $32,000 First Choice Title Svcs Inc
Klompstra Timothy $32,000 First Choice Title Services
Smith Virginia Dexter -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2021 08/20/21 Sold $32,000 0.0% --
05/25/2021 05/25/21 Pending -- -- --
02/26/2021 02/26/21 Price Changed $32,000 -5.5% --
09/28/2017 09/28/17 For Sale $33,880 -- --
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 $3,765 $494,580 $40,000 $454,580
2024 $3,735 $360,840 $33,880 $326,960
2023 $2,903 $360,840 $0 $0
2022 $739 $95,930 $33,880 $62,050
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 2021

    Kay Mitchell

    Stone Auction & Realty

    (252) 908-0722

    153 Total Sales

    Kay Mitchell
    Section Image

  • A

    Buyer's Agent in 2021

    A Non Member

    A Non Member

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Map

Source: Hive MLS

MLS Number: 100083838

Hive MLS

APN: 2766-00-46-9370

North Carolina Nash County Bailey 27807

5764 Farmstead Rd, Bailey, NC

Not Listed for Sale

Lots

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