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$1,350,000

Beds
3
Baths
2.0
sq ft
2,095

97 Bailey Road, Coats, NC 27521

97 Bailey Road

Coats, NC 27521

  • 263 days on market
Located at the corner of Red Hill Church Road and Bailey Road, this small working farm, and farmhouse totals 71.33 acres (over 4 parcels) along the Black River and can be enjoyed in a variety of ways. The gated entrance welcomes you down a long paved driveway toward the house that features a wrap-around covered porch overlooking a spectacular 2-acre pond with excellent large-mouth bass fishing. The house is approx 2100 sq ft open concept one story ranch floor plan with three bedrooms, two bathrooms, Carolina room, and laundry room. The farm is ready to use with a large commercial greenhouse for crops, multiple fenced pastures, and blackberries blooming in April with a June harvest. The property can also be used for raising cattle and horses. The Black River swamp, with approximately 50 acres of deciduous bald cypress swamp provides privacy as well as excellent hunting, including waterfowl. Approximately 20 cleared acres with 15 farmable. Draft horse-size barn with center aisle breezeway and seven stalls, tack room, and three additional oversized birthing stalls with corral/pasture access. Two large 10 feet wide side equipment/storage bays, grain silo fed to tack room grain box. Hayloft with hay elevator. Barn dimensions are approximately 72 feet by 56 feet. Other outbuildings include a 4-car garage (two cars wide by two cars deep), chicken coop, goat barn, large storage and implement shed, and three metal carports, and a large greenhouse. 6-foot perimeter fence (partially electrified) and electrified pasture fences in place. 70-foot diameter round pen. Six-plus acres of thornless trellised blackberries including Oachita, Natchez, Caddo, Ponca, and Apache. 6,000 square feet greenhouse (30 x 200 feet) with doors and garage doors at both ends. 6-foot dropdown sidewalls, electricity, LED lights, ventilation, circulating fans, and irrigation. Two super-saver 225,000 BTU propane heaters. Home security system installed. The kitchen was completely renovated in 2016 including granite countertops. Bathrooms renovated in 2022 including new vanities, quartz countertops, tile showers, and floors. Plumbing updated with PEX during renovations. New HVAC system installed in 2022. New back deck in 2023. New neutral-color carpet was installed in March 2024. Three-car detached garage is adjacent to the house with a separately enclosed storage room. County water for home, septic tank for sewage. Recently drilled 300-foot deep well rated at 40 GPM, static water level at approximately 35 feet below ground surface provides water irrigation for farm and livestock. Short distance to Cambell University and Buies Creek. Nearby amenities include shopping and dining in Dunn or Benson. Less than one hour to Raleigh airport and downtown Raleigh, approximately 45 minutes to Fayetteville, approximately 10 minutes to Interstates 95 and 40. Looking for a small farm to raise your horses, operate a horse boarding facility, or start a horse breeding operation that is convenient to Raleigh, Fayetteville, and surrounding areas? Look no further because you have found it at 97 Bailey Road. This once-in-a-lifetime farm property has it all.

Details

Property type

Farm

Est. home value

$787,890

Property condition

Updated/Remodeled

Lot size

71.33 acres

Price per sq ft

$645

Year built

1991

Annual property taxes

$1,843.46

Price History

04/04/2024
TriangleMLS

TriangleMLS #10021037

Listed
$1,350,000
+184.21%
10/21/2015
TriangleMLS

TriangleMLS #1967038

Sold
$475,000

Schools & Community

Elementary school: 

Harnett - Coats

Middle school: 

Harnett - Coats - Erwin

High school: 

Harnett - Triton

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$949,176
Asking price
$1,350,000
Closing costs (~8% of asking)
-$108,000
Est. remaining loan balance
-$292,824
Cash to seller
$949,176

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

March 2017

Original loan amount

$345,600

Est. remaining balance

$292,824

Interest rate

4.19%

Loan type

New Conventional, 30 year

Seller

Thomas P Obrien and Dawn D Obrien

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/23/2024 at 8:40 PM

Listing updated: 12/18/2024 at 1:55 PM

Listed by: Michael DeFuria, HomeTowne Realty Phone #: (919) 550-7355

MLS: TriangleMLS #10021037

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