NOT LISTED FOR SALE

Estimated Value: $1,224,000 - $3,121,552

18.93 Acres
$116,051 Price per Acre
824,591 Sq Ft Lot

Last Sold June 26, 2018

Last sale price $750,000

Est. 178% increase in value since last sale

Current estimated payment $11,420/month

89 Days on Market

Highlights

  • Lake Front
  • 18.93 Acre Lot
  • No HOA
  • RV Access or Parking
  • Lake Privileges
  • Home fronts a stream

About This Lot

As of June 2018

Exquisite parcel located on the banks of Western North Carolina's most pristine lake, Wolf Lake. Perfect location for any of the following; private lakefront estate, resort style B&B, resort style cottage and treehouses or campground for fisherman, lake kayakers, paddleboarders, etc., Innumerable possibilities. Well above average topography, very reasonable access, just a bit shy of half mile of lakeshore, 3 boat slips in place. Tie the slips together to make a mini marina or strategically place in various areas. A large portion of the lakeshore is owned by the US Forest Service, particularly the northern end across the lake from this tract and moving upstream. The perfect setting for small boats/pontoons, either gas or electric powered, kayaks, canoes and paddleboards. Cruise upstream and view Wolf Creek feeding into the lake, that spot, my friend's, is the perfect location for a Jeep commercial. The evenings at the north end of the lake are magical watching the lake trout feeding at the mouth of Wolf Creek. This a property suited for the buyer looking for the near perfect lake tract. Includes PIN # 8506-73-0218 & PIN# 8506-73-1643. To be sold together.

Last Agent to Sell the Property

Todd Baucom

Todd Baucom Realty, Inc. Brokerage Phone: 8282692014 License #159935 Listed on: 02/22/2018

Last Buyer's Agent

Todd Baucom

Todd Baucom Realty, Inc. Brokerage Phone: 8282692014 License #159935 Listed on: 02/22/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,301

Lot Details

  • 18.93 Acre Lot
  • Home fronts a stream
  • Lake Front
  • Property fronts a state road

Parking

  • RV Access or Parking

Property Views

  • Lake Views

Schools

  • Cullowhee Valley Elementary And Middle School
  • Smoky Mountain High School

Listing and Financial Details

  • Assessor Parcel Number 8506730218

Community Details

Overview

  • No Home Owners Association

Recreation

  • Lake Privileges

Property Details

Property Type

Land

Est. Annual Taxes

$2,301

Lot Details

0

Listing Details

  • Property Sub Type: Subdevelopment,Commercial,Land
  • Prop. Type: Land
  • Lot Size Acres: 18.93
  • Road Frontage Type: State Road
  • Road Surface Type: Gravel
  • Ownership: More than One Year
  • Directions: Hwy 107 S from Cullowhee to Hwy 281 continue to Wolf Lake public access on left just before lake dam and take a left onto Wolf Lake Road. When you pass the boxwoods farm and hit the wood line again, you are there.
  • Habitable Residence: No
  • NAV27_rets_property_type: Land
  • Special Features: None

Interior Features

  • Possible Use: Residential, Subdevelopment, Multi-Family

Exterior Features

  • Lot Features: Allow RVs, No Deed Restrictions, Elev over 3000
  • View: Lake
  • View: Yes
  • Waterfront Features: Waterfront, Branch/Stream, Lake/Pond, Lake Privileges, Lake Front
  • Waterfront: Yes
  • Waterfront Elevation: 3200
  • Other Structures: None

Utilities

  • Electric: Overhead Electric
  • Electricity On Property: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Cullowhee Valley
  • High School: Smoky Mountain
  • Middle Or Junior School: Cullowhee Valley

Lot Info

  • Lot Size Sq Ft: 824590.8
  • Parcel #: 8506730218
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2301
  • Tax Book Number: 1182

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2018
Closed on
Jun 26, 2018
Sold by
Chaffer John C and Scarborough Karen A
Bought by
Eggers Thomas and Eggers Michelle
Seller's Agent
Todd Baucom
Todd Baucom Realty, Inc.
Buyer's Agent
Todd Baucom
Todd Baucom Realty, Inc.
List Price
$750,000
Sold Price
$750,000
Current Estimated Value
$2,081,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,331,592
Avg. Annual Appreciation
15.23%
Original Mortgage
$600,000
Outstanding Balance
$351,801
Interest Rate
4.5%
Mortgage Type
Unknown
Estimated Equity
$1,845,050
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Eggers Thomas $750,000 --
Chaffee John C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chaffee John C $600,000
Closed Eggers Thomas $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2018 06/26/18 Sold $750,000 0.0% --
05/27/2018 05/27/18 Pending -- -- --
02/26/2018 02/26/18 For Sale $750,000 -- --
Source: Carolina Smokies Association of REALTORS®

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 $7,720 $2,031,628 $810,960 $1,220,668
2024 $4,771 $1,255,600 $545,140 $710,460
2023 $4,771 $1,255,600 $545,140 $710,460
2022 $2,034 $535,140 $535,140 $0
2021 $2,034 $535,140 $535,140 $0
2020 $1,505 $395,950 $395,950 $0
2019 $1,505 $395,950 $395,950 $0
2018 $1,505 $395,950 $395,950 $0
2017 $1,465 $395,950 $395,950 $0
2015 $1,437 $395,950 $395,950 $0
2011 -- $513,180 $513,180 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26007594

APN: 8506-73-0218