NOT LISTED FOR SALE

7109 Rae Farms Way Greensboro, NC 27455

Estimated Value: $501,000 - $685,000

0.8 Acre
$730,141 Price per Acre
34,848 Sq Ft Lot

Last Sold May 16, 2022

Last sale price $80,000

Est. 630% increase in value since last sale

Current estimated payment $3,443/month

296 Days on Market

About This Lot

As of May 2022

Fabulous new neighborhood in NORTHERN SCHOOL district! This 0.80 acre lot is a great place to build your CUSTOM DREAM HOME! This beautiful lot backs up to beautiful natural area owned by HOA. Great access to all the conveniences Greensboro has to offer! Multiple lots & locations are available. Build to Suit - your plan or ours. LOW COUNTY TAXES! Northern elementary, middle & high schools! Call agent or builder for more info! Seller is licensed real estate agent.

Last Agent to Sell the Property

Joseph Pezik

Advantage Build, LLC License #284700 Listed on: 07/20/2021

Last Buyer's Agent

NONMEMBER NONMEMBER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $428

Lot Details

  • 0.8 Acre Lot
  • Property is zoned RS-30

HOA Fees

  • $33 Monthly HOA Fees

Schools

  • Northern Middle School
  • Northern High School

Utilities

  • Private Water Source
  • Well

Community Details

  • Madison Meadows Subdivision

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 0226968
  • 1% Total Tax Rate

Property Details

Property Type

Land

Est. Annual Taxes

$428

Lot Details

0

HOA Fees

$33 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Land
  • Lot Size Acres: 0.8
  • Road Surface Type: Paved
  • Subdivision Name: Madison Meadows
  • Directions: Take Church Street North towards NC 150. Right onto Ariel Farm Rd. Right onto Rae Farms Way to enter subdivision. Lot is on the left.
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_CityLimitsYN: No
  • Special Features: None

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Lot Features: Subdivided
  • Flood Zone: Not in Flood Zone

Utilities

  • Sewer: Private Sewer, Septic Tank
  • Electric: Duke Power
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association Fee: 400
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Northern
  • High School: Northern
  • Middle Or Junior School: Northern

Lot Info

  • Parcel #: 0226968
  • Zoning: RS-30
  • TRIADMLS_PricePerAcre: 100000
  • TRIADMLS_PlatPage: 137
  • TRIADMLS_DeedPage: 2640
  • TRIADMLS_DeedBook: 8008
  • TRIADMLS_PlatBook: 195
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 427.85
  • Tax Lot: 8
  • Tax Year: 2021
  • TRIADMLS_TaxRate: 0.8557

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2021
Closed on
May 5, 2022
Sold by
M & J Developers Inc
Bought by
Adams Kristen M and Slater Daniel Wesley
Seller's Agent
Joseph Pezik
Advantage Build, LLC
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$80,000
Sold Price
$80,000
Current Estimated Value
$584,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$504,113
Avg. Annual Appreciation
78.23%
Original Mortgage
$623,922
Interest Rate
4.52%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 21, 2017
Sold by
Ld Acquisitions I Llc
Bought by
M & J Developers Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,750
Interest Rate
3.95%
Mortgage Type
Construction
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
Adams Kristen M $80,000 Mcndini Jon
M & J Developers Inc $65,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Adams Kristen M $623,922
Previous Owner M & J Developers Inc $48,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2022 05/16/22 Sold $80,000 0.0% --
07/20/2021 07/20/21 For Sale $80,000 -- --
Source: Triad 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 $3,873 $434,900 $95,000 $339,900
2024 $3,873 $434,900 $95,000 $339,900
2023 $3,873 $434,900 $95,000 $339,900
2022 $813 $95,000 $95,000 $0
2021 $428 $50,000 $50,000 $0
2020 $428 $50,000 $50,000 $0
2019 $428 $50,000 $0 $0
2018 $0 $50,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Joseph Pezik

    Advantage Build, LLC

    (336) 617-6795

    34 in this area

    93 Total Sales

    Joseph Pezik
    Section Image

  • N

    Buyer's Agent in 2022

    NONMEMBER NONMEMBER

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Map

Source: Triad MLS

MLS Number: 1033939

Triad MLS

APN: 0226968

North Carolina Guilford County Greensboro 27455

7109 Rae Farms Way, Greensboro, NC

This home is located at 7109 Rae Farms Way, Greensboro, NC 27455 since 20 July 2021 and is currently estimated at $584,113. 7109 Rae Farms Way is a home located in Guilford County with nearby schools including Northern Elementary School, Northern Guilford Middle School, and Northern Guilford 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.

Triad MLS Copyright 2025 Triad MLS, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.

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