$192,000
SOLD SEP 18, 2024

5845 Farmwell Rd Raleigh, NC 27610

3 Beds
1.5 Baths
1,537 Sq Ft
0.59 Acres

Recently Sold

$125 Per Sq Ft

7% Above List Price

2 Days on Market

Highlights

  • 0.59 Acre Lot
  • 1 Fireplace
  • Brick Veneer
  • Traditional Architecture
  • No HOA
  • Cooling Available

About This Home

As of September 2024

Fix or flip all brick ranch opportunity located in a great location 1 mile south of 540 off US 64 convenient to everything. You will love being just minutes to downtown Raleigh, local area shopping, dining, & schools nearby. Easy commute to the RTP, Research Triangle Park & RDU Airport.

Last Agent to Sell the Property

Chris Tanas

Long & Foster Real Estate INC/Cary License #267425 Listed on: 09/04/2024

Long & Foster Real Estate INC/Cary

Last Buyer's Agent

Ricardo Paz

CRP REAL ESTATE LLC License #328564

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,396

Year Built

  • Built in 1960

Lot Details

  • 0.59 Acre Lot
  • Property is zoned GR3

Home Design

  • Traditional Architecture
  • Fixer Upper
  • Brick Veneer
  • Brick Foundation
  • Shingle Roof
  • Lead Paint Disclosure

Interior Spaces

  • 1,537 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 6 Parking Spaces
  • Gravel Driveway
  • 6 Open Parking Spaces

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0006420

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,396

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Year Built: 1960
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1537.0
  • Architectural Style: Ranch, Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • General Property Information Lot Size Dimensions: survey needed
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Architectural Style Ranch: Yes
  • Levels One: Yes
  • Structure Type Site Built: Yes
  • Water Source Well: Yes
  • Architectural Style Traditional: Yes
  • General Property Information Senior Community YN: No
  • Foundation Details BrickMortar: Yes
  • Property Condition Fixer: Yes
  • General Property Information Enhanced Accessible2: No
  • Roof:Shingle: Yes
  • General Property Information Spa YN: No
  • General Property Information Above Grade Finished Area: 1537.0
  • General Property Information Carport YN: No
  • Disclosures Lead Based Paint: Yes
  • General Property Information Lot Size Square Feet2: 25700.0
  • General Property Information Lot Size Acres: 0.59
  • General Property Information Stories2: 1
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Flooring: See Remarks
  • Basement: Crawl Space
  • Private Spa: No
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Stories: 1
  • Basement:Crawl Space: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Roof: Shingle
  • Acres: 0.59
  • Disclosures: Lead Based Paint, Seller Disclosure
  • Home Warranty: No
  • Construction Type: Brick, Brick Veneer
  • Foundation Details: Brick/Mortar
  • Construction Materials:Brick Veneer: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
  • Parking Features: Gravel
  • Total Parking Spaces: 6.0
  • Parking Features:Gravel: Yes
  • General Property Information:Parking Total: 6.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 6.0

Utilities

  • Heating: Heat Pump
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Zoning: GR3
  • Lot Dimensions: survey needed
  • Lot Size Sq Ft: 25700.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 0006420
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1396.14
  • Tax Year: 2024
  • Tax Map Number: 25

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2024
Closed on
Sep 16, 2024
Sold by
Perry Shelia M
Bought by
Carpaz Ven Llc and Leman Pro Services Llc
Seller's Agent
Chris Tanas
Long & Foster Real Estate INC/Cary
Buyer's Agent
Ricardo Paz
CRP REAL ESTATE LLC
List Price
$180,000
Sold Price
$192,000
Premium/Discount to List
$12,000
6.67%
Views
55

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
93.88%
Original Mortgage
$245,000
Interest Rate
6.47%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 3, 1989
Bought by
Perry Michael A and Perry Shelia M
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $192,000 None Listed On Document
Deed $65,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $245,000 Construction
Previous Owner $50,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2025 06/23/25 Pending -- -- --
06/04/2025 06/04/25 Price Changed $336,500 -0.9% $219 / Sq Ft
05/13/2025 05/13/25 Price Changed $339,500 -1.3% $221 / Sq Ft
05/01/2025 05/01/25 Price Changed $344,000 -1.4% $224 / Sq Ft
04/09/2025 04/09/25 Price Changed $349,000 -2.8% $227 / Sq Ft
03/25/2025 03/25/25 Price Changed $359,000 -2.7% $234 / Sq Ft
03/07/2025 03/07/25 For Sale $369,000 0.0% $240 / Sq Ft
03/06/2025 03/06/25 Price Changed $369,000 +92.2% $240 / Sq Ft
09/18/2024 09/18/24 Sold $192,000 +6.7% $125 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
09/04/2024 09/04/24 For Sale $180,000 -- $117 / Sq Ft
Source: Doorify 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 $1,396 $221,644 $85,000 $136,644
2023 $1,250 $157,772 $42,000 $115,772
2022 $1,159 $157,772 $42,000 $115,772
2021 $1,129 $157,772 $42,000 $115,772
2020 $1,110 $157,772 $42,000 $115,772
2019 $987 $118,386 $30,000 $88,386
2018 $908 $118,386 $30,000 $88,386
2017 $862 $118,386 $30,000 $88,386
2016 $845 $118,386 $30,000 $88,386
2015 $986 $139,033 $46,000 $93,033
2014 $935 $139,033 $46,000 $93,033
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10050462

Doorify MLS

APN: 1734.02-95-2336-000