NOT LISTED FOR SALE

111 Heritage Ridge Rd Burnsville, NC 28714

Estimated Value: $2,617,970 - $3,689,000

4 Beds
5 Baths
5,760 Sq Ft
$526/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $1,975,000 $343 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $16,948/month

60 Days on Market

Highlights

  • Golf Course Community
  • Gated Community
  • Vaulted Ceiling
  • Fitness Center
  • Open Floorplan
  • Post and Beam

About This Home

As of October 2020

Designed by Al Platt, this magnificent home at Mountain Air has great curb appeal, open floor plan and outstanding mountain views. The great room features a stone, wood-burning FP, posts and beams on the reclaimed hemlock ceiling. Master BR on main level and 3 BRs on lower level. Dining room off of the gourmet kitchen,large central island, leathered granite countertops, skylight and breakfast nook. Pantry, office, and laundry are off the kitchen. There are 3 full bathrooms and 2 half bathrooms Master bath has a large shower and 2 walk-in closets. Down the hall is a large study with built-ins. Stairs and elevator to lower level family room with built-ins and wet bar.Top deck is finished with hemlock, beams, poplar bark shingles and stone FP Lower deck has cedar ceiling and both decks have Ipe flooring. Large 2 car garage has built-ins and work-shop.This home has geothermal, ground source heating and cooling, with propane back-up,Kohler generator, central vac, and much more!!

Last Agent to Sell the Property

Rebecca Stiles

Mountain Air Realty License #147320 Listed on: 06/11/2020

Last Buyer's Agent

Randall Rogers

Howard Hanna Beverly-Hanks Waynesville License #310087

Howard Hanna Beverly-Hanks Waynesville

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2014

Lot Details

  • 0.62

HOA Fees

  • $289 Monthly HOA Fees

Parking

  • Attached Garage
  • Workshop in Garage
  • Gravel Driveway

Home Design

  • Post and Beam
  • Stone Siding

Interior Spaces

  • 2-Story Property
  • Elevator
  • Open Floorplan
  • Wet Bar
  • Vaulted Ceiling
  • Fireplace
  • Insulated Windows

Kitchen

  • Walk-In Pantry
  • Kitchen Island

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet

Outdoor Features

  • Outdoor Fireplace

Utilities

  • Heating System Uses Propane
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 070900823202000

Community Details

Overview

  • First Residential Services Association, Phone Number (828) 682-1578

Amenities

  • Picnic Area
  • Business Center

Recreation

  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa
  • Trails

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2014

Lot Details

0

HOA Fees

$289 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Post and Beam
  • Ratio Close Price By List Price: 0.75962
  • Ratio Close Price By Original Li: 0.75962
  • Ratio Current Price By Acre: 3185483.87
  • Ratio Current Price By Sq Ft: 342.88
  • Year Built: 2014
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Block, Concrete
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bathrooms: 5.00
  • Total Bedrooms: 4
  • Doors and Windows: g-Insulated Door(s), Insulated Windows, Screen Door(s)
  • Equipment: Cable Prewire, Ceiling Fan(s), Central Vacuum, CO Detector, Convection Oven, Cooktop Gas, Dishwasher, Disposal, Double Oven, Downdraft Cooktop, Dryer, Electric Dryer Hookup, Electric Oven, g-Energy Star® Dishwasher, g-Energy Star® Dryer, g-Energy Star® Refrigerator, Generator, Ice Maker Connection, Microwave, Refrigerator, Security System, Self Cleaning Oven
  • Fireplace Description: FAMILYRM, Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Wood
  • H O A Management Phone: 8286821578
  • Interior Amenities: Built-Ins, Cable Available, Elevator, Garage Shop, Kitchen Island, Open Floorplan, Pantry, Split BR Plan, Vaulted Ceiling, Walk-In Closet(s), Walk-In Pantry, Wet Bar
  • Laundry Location: Main, Lower
  • Room Count: 2
  • Lower Level Sq Ft: 2496
  • Main Level Sq Ft: 3264
  • Total Sq Ft: 5760

Exterior Features

  • Construction: Hardboard Siding, Stone
  • Construction Type: Site Built
  • Exterior Features: Outdoor Fireplace, Underground Power Lines, Wired Internet Available

Garage/Parking

  • Driveway: Gravel
  • Parking: Attached Garage, Carport - 2 Car, Driveway, Garage - 2 Car

Utilities

  • Heating: Central Air, Gas Floor Furnace, g-Geothermal, Multizone A/C, MultiZone Heat, Propane
  • Sewer: City Sewer
  • Water: Community Well
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Business Center, Fitness Center, Gated Community, Golf Course, Hot Tub, Outdoor Pool, Picnic Area, Playground, Recreation Area, Tennis Court(s), Walking Trails
  • Association Fee: 289.00
  • Association Fee Frequency: Monthly
  • HOA Management Company: First Residential Services
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Features: Mountain View, Year Round View
  • Parcel Number: 070900823202000
  • Plat Reference Section Pages: 198
  • Zoning Specification: res

Tax Info

  • Tax Value: 1750420.00
  • Tax Location: Yancey

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Oct 5, 2020
Sold by
Reif Michael L and Michael E Reif Family Trust
Bought by
Benson David C and Benson Julie Y
Seller's Agent
Rebecca Stiles
Mountain Air Realty
Buyer's Agent
Randall Rogers
Howard Hanna Beverly-Hanks Waynesville
List Price
$2,600,000
Sold Price
$1,975,000
Premium/Discount to List
-$625,000
-24.04%
Current Estimated Value
$3,029,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,054,657
Avg. Annual Appreciation
8.70%
Original Mortgage
$750,000
Outstanding Balance
$667,085
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$2,362,572

Purchase Details

Closed on
Apr 25, 2011
Bought by
Michael E Reif Family Trust

Purchase Details

Closed on
Mar 16, 2010
Sold by
Chaney Stephen C and Chaney Kristen
Bought by
Wachovia Bank Na
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
Benson David C $1,975,000 None Available
Michael E Reif Family Trust $115,000 --
Wachovia Bank Na $200,730 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benson David C $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2020 10/15/20 Sold $1,975,000 -24.0% $343 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $2,600,000 -- $451 / 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 $9,245 $1,650,900 $695,600 $955,300
2024 $9,245 $1,650,900 $695,600 $955,300
2023 $11,203 $1,750,420 $372,000 $1,378,420
2022 $10,979 $1,750,420 $372,000 $1,378,420
2021 $11,203 $1,750,420 $372,000 $1,378,420
2020 $11,203 $1,750,420 $372,000 $1,378,420
2019 $11,203 $1,750,420 $372,000 $1,378,420
2018 $11,203 $1,750,420 $372,000 $1,378,420
2017 $11,203 $1,750,420 $372,000 $1,378,420
2016 $11,203 $1,750,420 $372,000 $1,378,420
2015 $8,144 $1,508,130 $372,000 $1,136,130
2014 $2,210 $466,120 $372,000 $94,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3628687

Canopy MLS (Canopy Realtor® Association)

APN: 070900826202.000