NOT LISTED FOR SALE

101 Tarheel Rd Maggie Valley, NC 28751

Estimated Value: $370,000 - $427,000

2 Beds
2 Baths
1,160 Sq Ft
$341/Sq Ft Est. Value

Last Sold December 13, 2022

Last sale price $240,000 $207 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $2,227/month

133 Days on Market

Highlights

  • Gated Community
  • Open Floorplan
  • Deck
  • Jonathan Valley Elementary School Rated 9+
  • Clubhouse
  • Wood Flooring

About This Home

As of December 2022

Investor/Contractor alert! Perched high above the Maggie Club at 4800 feet (ten degrees cooler than in the valley below), in a private, gated and serene community, this mountain cabin is a prime candidate for remodel/renovation. With some home values in this neighborhood exceeding $1M, this project is not at risk for over-improvement. 1.88 acre lot boasts an incredible long range view with peaks of Mt. Pisgah and Cold Mountain in sight. View can be further improved with tree maintenance. Native flora and fauna provide a lush natural backdrop. Stone walls line the drive and the lower level and add a rich mountain touch. Main level #1 oak floors add a warm historical relevance upon entry. The main level hosts kitchen, living and dining area, full bath and office. There are currently two bedrooms on the upper level with ample space in the basement to complete additional living space and bedroom. Truly a great opportunity to renovate in a desirable location.

Last Agent to Sell the Property

Amy Spivey

Ivester Jackson Blackstream License #217247 Listed on: 08/02/2022

Last Buyer's Agent

Suzy Bernardi

Keller Williams Great Smokies License #275002

Keller Williams Great Smokies

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1967

Lot Details

  • 1.8

Home Design

  • Cabin
  • Wood Siding

Interior Spaces

  • Open Floorplan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Storage Room
  • Basement

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Wood
  • Carpet
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch

Schools

  • Jonathan Valley Elementary School
  • Waynesville Middle School
  • Tuscola High School

Utilities

  • Community Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 7697-06-4265

Community Details

Overview

  • Laurel Heights Subdivision
  • Mandatory Home Owners Association

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cabin
  • Year Built: 1967
  • Ratio Current Price By Acre: 133333.33
  • Restrictions: Deed
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Gravel
  • Structure Type: One and a Half Story/Basement
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 206.90
  • Special Features: None

Interior Features

  • Foundation Details: Basement Partially Finished
  • Fireplace: Yes
  • Flooring: Carpet, Concrete, Wood
  • Interior Amenities: Open Floorplan, Storage Unit
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 767
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 766
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 766
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 393
  • Porch: Balcony,Covered,Deck,Front
  • Appliances: Dryer, Electric Oven, Electric Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Living Room, Wood Burning
  • Living Area: 1160
  • Full Bathrooms: 1
  • Total Bedrooms: 0
  • Half Bathrooms: 0
  • Full Bathrooms: 0
  • Total Bedrooms: 2
  • Half Bathrooms: 0
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 0

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Wood Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Carport - 1 Car

Utilities

  • Heating: Ductless, Wall Unit(s), Wood Stove
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: In Basement, Laundry Room
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Gated
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Waynesville
  • HOA Subject To: Required

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 7697-06-4265
  • Plat Book Slide: I/4
  • Zoning Description: None
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.46515

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Jonathan Valley
  • High School: Tuscola

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2022
Closed on
Dec 12, 2022
Sold by
Millsap Zachary Thomas and Millsap Vicki Dawn
Bought by
Reilly Richard M and Bentley-Reilly Annette D
Seller's Agent
Amy Spivey
Ivester Jackson Blackstream
Buyer's Agent
Suzy Bernardi
Keller Williams Great Smokies
List Price
$319,000
Sold Price
$240,000
Premium/Discount to List
-$79,000
-24.76%
Views
129
Current Estimated Value
$395,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,851
Avg. Annual Appreciation
18.98%
Original Mortgage
$172,000
Outstanding Balance
$165,090
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$230,761

Purchase Details

Closed on
Jan 5, 2022
Sold by
Millsap Rosemary U and Millsap Zachary
Bought by
Millsap Zachary Thomas and Millsap Vicki Dawn

Purchase Details

Closed on
Oct 8, 2003
Sold by
Millsap Mosbey Melinda and Mosbey John C
Bought by
Millsap Zachary

Purchase Details

Closed on
Sep 8, 1998
Bought by
Rosemary Rosemary U and Rosemary Zachary T
Source: Public Records

Range of Values:

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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
Reilly Richard M $240,000 None Listed On Document
Reilly Richard M $240,000 None Listed On Document
Millsap Zachary Thomas -- None Listed On Document
Millsap Zachary -- None Available
Millsap Zachary -- None Available
Rosemary Rosemary U -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reilly Richard M $172,000
Closed Reilly Richard M $172,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2022 12/13/22 Sold $240,000 -22.3% $207 / Sq Ft
10/10/2022 10/10/22 Price Changed $309,000 -3.1% $266 / Sq Ft
08/02/2022 08/02/22 For Sale $319,000 -- $275 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 -- $249,000 $93,600 $155,400
2024 $1,728 $249,000 $93,600 $155,400
2023 $1,728 $249,000 $93,600 $155,400
2022 $1,414 $210,900 $79,800 $131,100
2021 $1,414 $210,900 $79,800 $131,100
2020 $1,202 $161,700 $79,800 $81,900
2019 $1,207 $161,700 $79,800 $81,900
2018 $1,207 $161,700 $79,800 $81,900
2017 $1,207 $161,700 $0 $0
2016 $1,205 $166,200 $0 $0
2015 $1,205 $166,200 $0 $0
2014 $1,091 $166,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3886268

Canopy MLS (Canopy Realtor® Association)

APN: 7697-06-4265