Seller's Agent in 2017
Todd Baucom
Todd Baucom Realty Inc
(828) 269-2014
23 in this area
63 Total Sales
10 Reading Ln Cullowhee, NC 28723
Estimated Value: $846,000 - $1,251,000
16
Beds
13
Baths
6,320
Sq Ft
$169/Sq Ft
Est. Value
Highlights
- Waterfront
- No HOA
- Laundry Room
- 3 Acre Lot
- Cottage
- Baseboard Heating
About This Home
As of October 2017Multi family cottage and duplex units. 10 each 1 bed 1 bath cottages of 416 sq ft; one duplex (up/down) with 2 bed 1 bath each level (720 sq ft each level) and another building with 2 bed 1 bath up and community coin operated laundry and storage on bottom. 2.5 mile 4-5 minute drive to campus at WCU and all units are currently leased. Potential gross income of over $88,000.00 based upon current lease rates. Eight of the cottages have new roofs with two more in process of new roofing.
Last Agent to Sell the Property
Todd Baucom Realty Inc Brokerage Email: todd@wcproperties.com License #159935 Listed on: 07/13/2017
Last Buyer's Agent
Todd Baucom Realty Inc Brokerage Email: todd@wcproperties.com License #159935 Listed on: 07/13/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,395
Year Built
- Built in 1978
Lot Details
- 3 Acre Lot
- Waterfront
- Level Lot
Parking
- 4 Car Garage
Home Design
- Cottage
- Slab Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 6,320 Sq Ft Home
- Vinyl Flooring
- Crawl Space
- Laundry Room
Kitchen
- Electric Oven
- Electric Range
Bedrooms and Bathrooms
- 16 Bedrooms
- 13 Full Bathrooms
Outdoor Features
- Access to stream, creek or river
Schools
- Cullowhee Valley Elementary And Middle School
- Smokey Mountain High School
Utilities
- Baseboard Heating
- Electric Water Heater
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- The owner pays for electricity, management, sewer, trash collection, water
- Assessor Parcel Number 7557292744
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 13, 2017
Closed on
Oct 19, 2017
Sold by
Whitesides J Davis and Whitesides Doris B
Bought by
Southern Acquisitions & Management Llc
Seller's Agent
Todd Baucom
Todd Baucom Realty Inc
Buyer's Agent
Todd Baucom
Todd Baucom Realty Inc
List Price
$545,000
Sold Price
$525,000
Premium/Discount to List
-$20,000
-3.67%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$600,356
Avg. Annual Appreciation
10.17%
Original Mortgage
$420,000
Interest Rate
3.83%
Mortgage Type
Unknown
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Southern Acquisitions & Management Llc | $525,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Southern Acquisitions & Management Llc | $440,000 | |
| Closed | Southern Acquisitions & Management Llc | $420,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/18/2017 10/18/17 | Sold | $525,000 | -3.7% | $83 / Sq Ft |
| 07/27/2017 07/27/17 | Pending | -- | -- | -- |
| 07/13/2017 07/13/17 | For Sale | $545,000 | -- | $86 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $5,395 | $1,419,724 | $206,980 | $1,212,744 |
| 2024 | $3,075 | $809,260 | $208,600 | $600,660 |
| 2023 | $4,035 | $809,260 | $208,600 | $600,660 |
| 2022 | $4,035 | $809,260 | $208,600 | $600,660 |
| 2021 | $3,075 | $809,260 | $208,600 | $600,660 |
| 2020 | $2,949 | $576,980 | $111,100 | $465,880 |
| 2019 | $2,949 | $576,980 | $111,100 | $465,880 |
| 2018 | $2,937 | $576,980 | $111,100 | $465,880 |
| 2017 | $2,899 | $579,080 | $116,200 | $462,880 |
| 2015 | $2,695 | $579,080 | $116,200 | $462,880 |
| 2011 | -- | $692,620 | $96,000 | $596,620 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 3300903
APN: 7557-29-2744
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