NOT LISTED FOR SALE

5786 Farmstead Rd Bailey, NC 27807

Estimated Value: $391,000 - $600,000

1.1 Acres
$458,788 Price per Acre
47,916 Sq Ft Lot

Last Sold May 18, 2015

Last sale price $24,500

Est. 1,960% increase in value since last sale

Current estimated payment $2,944/month

118 Days on Market

About This Lot

As of May 2015

Building lot in Morganshire. Tax value is $38,190. Minimum square footage is 2500. See restrictive covenants by going to Nash County Register of Deeds - Morganshire.

Last Agent to Sell the Property

RAY JOYNER

Coldwell Banker Watson Properties License #189529 Listed on: 01/20/2015

Coldwell Banker Watson Properties

Last Buyer's Agent

RAY JOYNER

Coldwell Banker Watson Properties License #189529 Listed on: 01/20/2015

Coldwell Banker Watson Properties

Property Details

Property Type

  • Land

Lot Details

  • Level Lot
  • Property is zoned R40K

Schools

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

Utilities

  • Well
  • On Site Septic
  • Septic Tank

Community Details

  • Morganshire Subdivision

Listing and Financial Details

  • Assessor Parcel Number 276600469421

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: B
  • Deed Book: 1774
  • Deed Page: 593.00
  • Directions To Property: Hwy 97 W towards Raleigh, turn left on Hwy 581. Subdivision approximately 1 mile on right.
  • Documents: Building Restrictions, Deed/Zoning Restrictions, Easements
  • Elementary School: Bailey
  • Fencing: None
  • Fuel Tank: None
  • High School: Southern Nash
  • Listing I D: 95097568
  • Location Type: Mainland
  • Lot Dimensions: 1.1
  • Marketing City: Bailey
  • Middle School: Southern Nash
  • M L S Approved: Y
  • Service Providers Electric Provider: Duke Progress Energy
  • Sign On Property: Yes
  • State Province: NC
  • Subdivision: Morganshire
  • Tax Identifier: 276600469421
  • Zoning: R40K
  • Buildigson Property: None
  • Current Use: Residential
  • Topography: Level
  • Location Type2: Mainland
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront: No

Utilities

  • Utilities: Municipal Water Available, Septic On Site, Well Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2015
Sold by
Kingsmill Homes Of Wilson Inc
Bought by
Rackley Donald and Rackley Sarah
Current Estimated Value
$504,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,250
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2011
Sold by
Rbc Bank Usa
Bought by
Mckinley Hallie

Purchase Details

Closed on
Sep 23, 2010
Sold by
Strickland Tabatha M and Strickland Vincent D
Bought by
Rbc Bank Usa
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
Rackley Donald $307,500 Attorney
Mckinley Hallie $11,000 None Available
Rbc Bank Usa $20,800 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rackley Donald $307,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2015 05/18/15 Sold $24,500 0.0% --
05/18/2015 05/18/15 Pending -- -- --
01/20/2015 01/20/15 For Sale $24,500 -- --
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 $3,678 $482,610 $40,000 $442,610
2024 $3,648 $299,140 $34,720 $264,420
2023 $2,428 $299,140 $0 $0
2022 $2,428 $299,140 $34,720 $264,420
2021 $2,428 $299,140 $34,720 $264,420
2020 $2,354 $299,140 $34,720 $264,420
2019 $2,354 $299,140 $34,720 $264,420
2018 $2,354 $299,140 $0 $0
2017 $2,354 $299,140 $0 $0
2015 $285 $38,190 $0 $0
2014 $285 $38,190 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    RAY JOYNER

    Coldwell Banker Watson Properties

    Section Image
See All Agents

Map

Source: Hive MLS

MLS Number: 95097568

Hive MLS

APN: 2766-00-46-9421

North Carolina Nash County Bailey 27807

5786 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. ©2025 Hive MLS LLC

Nearby Homes