The market in the Research Triangle area of North Carolina has been robust this quarter. Homes in all price ranges are moving. The hottest market is starter homes under $250,000. For that price, you can get a tiny farm or one to fix up. Here are some of the sales in Central North Carolina of working horse farms in the second quarter of 2014:
5920 Johnson Pond Road, Fuquay Varina, NC: This unique property featured two small homes. The main house was an old fashioned ranch which was tastefully updated with modern amenities. The second home was a doublewide set off to the side to appear like any neighboring home. There was a small greenhouse and a storage shed big enough to be used as a since garage or mower storage. The barn was older yet serviceable, and horses currently occupied it. It had three stalls and a tack room. With 5 acres, this horse farm sold at $229,000.
846 Walter Bright Road, Sanford, NC: This was a pretty home on ten acres of land with potential for a farm. The home has 2600 sq. ft. and pretty decor with bright colors. The barn is an old wood barn with 4 stalls and a tack room. The land needs fencing but there is enough space and grass for a small pasture. This property sold for $324,900 in April.
6621 Ridge Spring Road, Zebulon, NC: This Victorian home was built in 1990 with 3000 sq ft. It sits on over nine acres of land and had plenty of lush pasture fenced with black four-board fence. There is a two-horse run in in the pasture, and a small barn for storage. The property sold for $460,000.
2350 Raintree Court, Clayton, NC: This horse farm sold at $178,500. The house had over 2100 sq. ft. and could use some new decorating , however the kitchen did have granite countertops. The pasture was fenced with three board fence. I would add a new run-in if it was mine.
3919 Raleigh Road, Clayton, NC: Although this property was not horse-ready, it certainly had potential. The historic house was modernized and was move-in ready, while keeping the character of a 180 year old home. A detached garage and studio above added value to the property. The 8 acre parcel was flat and grassy. Horses would need some fencing and a run in. It sold for $453,000.
1000 Hatley Road, Pittsboro, NC: Also known as the Jordan Lake Equestrian Center, this farm had a working boarder barn with 14 stalls, center aisle, tack room, wash rack, and bathroom. The home was more like a cottage; it was a good looking manufactured home with one bedroom. There was a site on the 12 acre property for a home to be built. The clean, well-kept facility sold for 460,000.
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.