NOT LISTED FOR SALE

5764 Farmstead Rd Bailey, NC 27807

Estimated Value: $431,000 - $524,000

0.92 Acre
$510,840 Price per Acre
40,075 Sq Ft Lot

Last Sold August 20, 2021

Last sale price $32,000

Est. 1,369% increase in value since last sale

Current estimated payment $2,871/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
  • Total Road Frontage: 114

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

Schools

  • School District: Nash

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
  • Plat Book: 28
  • Plat Page: 257
  • 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
$469,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,973
Avg. Annual Appreciation
96.09%

Purchase Details

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

Range of Values:

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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
Smith Virginia Dexter -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Klompstra Timothy $359,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

    161 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

This home is located at 5764 Farmstead Rd, Bailey, NC 27807 since 28 September 2017 and is currently estimated at $469,973. 5764 Farmstead Rd is a home located in Nash County with nearby schools including Bailey Elementary School, Southern Nash Middle School, and Southern Nash High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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. ©2025 Hive MLS LLC

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