NOT LISTED FOR SALE

5808 Farmstead Rd Bailey, NC 27807

Estimated Value: $390,000 - $538,000

0.92 Acre
$510,078 Price per Acre
40,075 Sq Ft Lot

Last Sold June 10, 2021

Last sale price $35,000

Est. 1,241% increase in value since last sale

Current estimated payment $2,745/month

1,272 Days on Market

About This Lot

As of June 2021

Upscale Nash County subdivision w/view of a pond. Subdivision has beautiful entrance, lighting and underground utilities. Convenient to Raleigh, Rocky Mount & Wilson. Well and septic are required. Reputable local will build to specs with a small builders deposit and a lender prequalification letter. NO construction loan is needed.

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

  • $255

Lot Details

  • 0.92 Acre Lot
  • Lot Dimensions are 109 x 319 x 144 x 413
  • 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 12
  • Assessor Parcel Number 2766-00-46-8435

Property Details

Property Type

Land

Est. Annual Taxes

$255

Lot Details

0

Listing Details

  • Property Type: Land
  • Secondary Subdivision: N/A
  • Property Sub Type: Residential Land
  • Original List Price: 35000.00
  • Other Structures: None
  • Island Or Mainland: Mainland
  • Prospect Exempt Y N: No
  • Remarks Written By Agent Y N: Yes
  • List Price Per Acre: 38043.48
  • Special Features: None

Interior Features

  • Bathrooms Total Source: MLS

Exterior Features

  • Fencing: None
  • Road Frontage Type: Maintained, 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

Lot Info

  • Deed Book: 2241
  • Deed Page: 71.00
  • Lot Number: 12
  • Zoning: R40
  • Current Use: Development, Residential, Development2
  • Environmental Hazard: No
  • Soil Evaluation: Soil Evaluation - Yes
  • Topography: Cleared,Level
  • Lot Features: Subdivided
  • Lot Size Acres: 0.92
  • Lot Size: 109 x 319 x 144 x 413
  • Lot Size Sq Ft: 40075.00
  • Purchase Contract Date: 2021-03-23
  • Parcel#: 2766-00-46-8435
  • Cobra Zone Y N: No
  • Federal Flood Insurance Available Y N: No
  • Number Of Acres Cleared: 0.92
  • Deed Restriction Y N: Yes

Tax Info

  • Tax Year: 2017
  • Tax Block: 257
  • Tax Book Number: 28
  • Tax Map Number: 036184
  • Tax Other Assessment Amount Frequency: No
  • Tax Amount: 255

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2017
Closed on
Jun 4, 2021
Sold by
Smith Virginia Dexter and Bell Mark R
Bought by
Hart Brad and Hart Tiffany
Seller's Agent
Kay Mitchell
Stone Auction & Realty
Buyer's Agent
Sally Seller
Non Member Office
List Price
$33,880
Sold Price
$35,000
Premium/Discount to List
$1,120
3.31%
Current Estimated Value
$469,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$434,272
Avg. Annual Appreciation
73.73%
Original Mortgage
$364,088
Interest Rate
2.9%
Mortgage Type
New Conventional

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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Purchase History

Date Buyer Sale Price Title Company
Hart Brad $35,000 None Available
Smith Virginia Dexter -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hart Brad $364,088
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2021 06/10/21 Sold $35,000 0.0% --
03/23/2021 03/23/21 Pending -- -- --
03/19/2021 03/19/21 Price Changed $35,000 +3.3% --
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 $3,698 $485,410 $40,000 $445,410
2024 $3,854 $352,320 $33,270 $319,050
2023 $3,041 $352,320 $0 $0
2022 $905 $117,570 $33,270 $84,300
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: 100083796

Hive MLS

APN: 2766-00-46-8435

North Carolina Nash County Bailey 27807

5808 Farmstead Rd, Bailey, NC

Not Listed for Sale

Lots

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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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