NOT LISTED FOR SALE

9340 Ferrell Rd Zebulon, NC 27597

Estimated Value: $356,000 - $1,717,000

49 Acres
$26,186 Price per Acre
2,134,440 Sq Ft Lot

Last Sold October 06, 2021

Last sale price $1,225,000 $699 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,062/month

14 Days on Market

Highlights

  • Barn
  • 49 Acre Lot
  • Level Lot
  • Horses Allowed On Property
  • Heavily Wooded Lot

About This Lot

As of October 2021

Prime property in the hottest of spots! Ideal for well and septic development; area home prices are headed up. Perfect size for a small group of builders to build out in custom homes. Also perfect for a getaway small farm with a beautiful pond, old livable farm house with outbuildings, cropland and timber land, all well maintained, and an eventual exit strategy. Must see this little slice of Heaven.

Last Agent to Sell the Property

Chuck Corbett

Parrish Realty Company of Zebu License #119422 Listed on: 08/03/2021

Last Buyer's Agent

Linda Craft

Linda Craft Team, REALTORS License #140967

Property Details

Property Type

  • Land

Lot Details

  • 49 Acre Lot
  • Level Lot
  • Cleared Lot
  • Heavily Wooded Lot

Schools

  • Wakelon Elementary School
  • Zebulon Middle School
  • East Wake High School

Utilities

  • Well Required
  • Septic Needed
  • Phone Available
  • Cable TV Available

Additional Features

  • In Flood Plain
  • Barn
  • Horses Allowed On Property

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Horses: Yes
  • Road Surface Type: Paved
  • Subdivision Name: Not in a Subdivision
  • Utilities Cable Available: Yes
  • General Property Information Horse YN2: Yes
  • Sewer Septic Needed: Yes
  • Utilities Electricity Available: Yes
  • Utilities Phone Available: Yes
  • Vegetation Cleared2: Yes
  • Vegetation Heavily Wooded: Yes
  • Water Source Need Well: Yes
  • Other Structures Barn(s): Yes
  • Lot Features Flood Plains: Yes
  • General Property Information Lot Size Acres: 49.0
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 49.0
  • Lot Features:Level: Yes
  • Lot Features:Rolling Slope: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Available
  • Water Source: Need Well

Schools

  • Ninth Grade High School: Wake - East Wake
  • Middle Or Junior School: Wake - Zebulon

Lot Info

  • Current Use: Row Crops, Vacant
  • Lot Size Sq Ft: 2134440.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Wake - Wakelon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2021
Closed on
Oct 4, 2021
Sold by
Jerkins Patricia Lynn Murray and Jerkins Robert
Bought by
Gaines William L and Gaines Anna E
Seller's Agent
Chuck Corbett
Parrish Realty Company of Zebu
Buyer's Agent
Linda Craft
Linda Craft Team, REALTORS
List Price
$1,225,000
Sold Price
$1,225,000
Current Estimated Value
$1,283,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,138
Avg. Annual Appreciation
1.10%
Original Mortgage
$796,250
Outstanding Balance
$726,106
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$557,032
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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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
Gaines William L $1,225,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaines William L $796,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Off Market $1,225,000 -- --
10/06/2021 10/06/21 Sold $1,225,000 0.0% $699 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $1,225,000 -- $699 / 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
2025 $4,306 $1,798,118 $1,195,993 $602,125
2024 $2,437 $1,633,642 $1,195,993 $437,649
2023 $1,382 $771,389 $650,887 $120,502
2022 $1,291 $770,073 $650,887 $119,186
2021 $1,257 $770,073 $650,887 $119,186
2020 $1,236 $770,073 $650,887 $119,186
2019 $1,267 $611,906 $503,801 $108,105
2018 $1,166 $611,906 $503,801 $108,105
2017 $1,105 $611,906 $503,801 $108,105
2016 $1,083 $611,906 $503,801 $108,105
2015 $1,115 $672,945 $570,330 $102,615
2014 $1,058 $672,945 $570,330 $102,615
Source: Public Records

Agents Affiliated with this Home

  • Chuck Corbett

    Seller's Agent in 2021

    Chuck Corbett

    Parrish Realty Company of Zebu

    (919) 269-5586

    20 Total Sales

    Chuck Corbett
    Section Image
  • Linda Craft

    Buyer's Agent in 2021

    Linda Craft

    Linda Craft Team, REALTORS

    (919) 235-6313

    834 Total Sales

    Linda Craft
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2399745

Doorify MLS

APN: 2707.03-04-9105-000

North Carolina Wake County Zebulon 27597

9340 Ferrell Rd, Zebulon, NC

Not Listed for Sale

Lots

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