NOT LISTED FOR SALE

5764 Farmstead Rd Bailey, NC 27807

Estimated Value: $385,000 - $521,000

0.92 Acre
$512,304 Price per Acre
40,075 Sq Ft Lot

Last Sold August 20, 2021

Last sale price $32,000

Est. 1,373% increase in value since last sale

Current estimated payment $2,742/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 #21683 Listed on: 09/28/2017

Last Buyer's Agent

Sally Seller

Non Member Office

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
  • Property fronts a state road
  • Level Lot
  • Property is zoned R40

Schools

  • Bailey Elementary School
  • Southern Nash Middle School
  • Nrmps Early College 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

0.92 Acres

Listing Details

  • Property Type: Land
  • Secondary Subdivision: N/A
  • Property Sub Type: Residential Land
  • Original List Price: 32000.00
  • Other Structures: None
  • Island Or Mainland: Mainland
  • Prospect Exempt Y N: No
  • Remarks Written By Agent Y N: Yes
  • List Price Per Acre: 34782.61
  • Special Features: None

Interior Features

  • Bathrooms Total Source: MLS

Exterior Features

  • Fencing: None
  • Road Frontage Type: Maintained, City Street, State Road, Paved
  • Road Surface Type: Paved
  • Waterfront?: No

Utilities

  • Utilities: See Remarks
  • Electric Provider: Duke Progress Energy

Condo/Co-op/Association

  • Association Amenities: None
  • Has H O A?: No

Schools

  • Elementary School: Bailey
  • High School: Southern Nash
  • Junior High Dist: Nash
  • Middle Or Junior School: Southern Nash
  • Zoned High School: NRMPS Early College

Lot Info

  • Deed Book: 2241
  • Deed Page: 71.00
  • Lot Number: 14
  • Zoning: R40
  • Current Use: Residential
  • Environmental Hazard: No
  • Soil Evaluation: Soil Evaluation - Yes
  • Topography: Level
  • Lot Features: Subdivided
  • Lot Size Acres: 0.92
  • Lot Size: 114 x 350 x 114 x 350
  • Lot Size Sq Ft: 40075.00
  • Wooded Area: 0.47
  • Purchase Contract Date: 2021-05-25
  • Parcel#: 2766-00-46-9370
  • Cobra Zone Y N: No
  • Federal Flood Insurance Available Y N: No
  • Number Of Acres Cleared: 0.45
  • Deed Restriction Y N: Yes

Tax Info

  • Tax Year: 17
  • Tax Block: 257
  • Tax Book Number: 28
  • Tax Map Number: 036186
  • Tax Other Assessment Amount Frequency: 0
  • Tax Amount: 245

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
Sally Seller
Non Member Office
List Price
$33,880
Sold Price
$32,000
Premium/Discount to List
-$1,880
-5.55%
Current Estimated Value
$471,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$439,320
Avg. Annual Appreciation
82.04%

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
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

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

  • K

    Seller's Agent in 2021

    Kay Mitchell

    Stone Auction & Realty

    Section Image

  • S

    Buyer's Agent in 2021

    Sally Seller

    Non Member Office

  • A

    Buyer's Agent in 2021

    A Non Member

    Berkshire Hathaway HomeServices Carolina Premier Properties

See All Agents

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

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. ©2026 Hive MLS LLC

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.