Here are some of the sales in Central North Carolina of working horse farms in the first quarter of 2014:
475 Penny Road, Angier, NC: This horse farm had over 8 acres of land. The house overlooked a pond which was accessible from the pastures. The house was beautiful; it was in good condition and featured a full unfinished basement. The barn had four stalls framed and a tack room, however it had been stripped and would need new stall fronts and normal equipment. The pastures were lush and would need new fencing. It sold in January for $350,000.
2159 River Road, Pittsboro, NC: With 24 acres of land, this working horse farm sold for $490,000 in January, 2014. The home was one story and had 2800 sq. ft. Two barns were available: a metal barn with water and electric and five stalls, and an older pole barn with direct pasture access. The pastures were fenced with black board fence. There was another building available for storage and/or shop space.
362 Woodhaven Drive, New Hill, NC: This working horse farm located in southern Wake County had 5 acres of land, a tasteful home with granite and cherry cabinets in the kitchen, and a center aisle barn with three stalls. The pasture was fenced with wood board fencing. There was both a lighted dressage ring and a round pen. It sold for $525,000 in January.
1 Keenes Way, Zebulon, NC: Although this home had over 20 acres of land, it needed a little work before horses could move in. It had one fenced paddock (and the fence needed attention. The small barn needed clean out, vine removal, and hornet removal. The house was small (1270 sq. ft.) and very nice with tasteful decor and per go floors. The sales price was $220,000 in early February.
2888 Benson Hardee Road, Benson, NC: This Johnston County horse farm featured a brick starter home with tasteful decor. The property had four open acres. The 24×36 center aisle, wooden barn was older and sturdy with two stalls, a wash stall, and a tack room. Some additional fencing was needed. It sold for $180,000 in March.
8908 Weaver Crossing Road, Apex, NC: This farm, located in Wake County not far from the American Tobacco Trail’s New Hill entrance, sold in March for $533,000. It had almost seven acres of land and a four stall barn (one stall was large enough for foaling.) The farm was horse ready, with fenced pastures and a place for a round pen. The fencing was braid fence on wooden posts. The 3600 sq. ft. house was all brick veneer with tasteful decor and views of the pastures from the back.
6012 Farmpond Road, Apex, NC: This working farm is what most horse farm buyers dream about owning. It included a 6800 sq. ft. brick and stone home nestled in trees on a five acre lot. There was a pool in the back yard. The four-stall metal barn was horse ready. Pastures were surrounded by black board fence, and the riding ring was ready to go. The home sold in March for over $1,100,000.
Would you like to know the value of your working horse farm? Are you hoping to buy a farm and you would like someone spotting the good ones for you? Call me at 919-303-3588, or email me at AnneCain@kw.com. I would be happy to help you with your real estate needs.