NOT LISTED FOR SALE

115 Upper Grouse Ridge Rd Beech Mountain, NC 28604

Estimated Value: $436,000 - $524,000

3 Beds
2 Baths
1,562 Sq Ft
$299/Sq Ft Est. Value

Last Sold May 29, 2024

Last sale price $460,000 $294 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,688/month

About This Home

As of May 2024

"Baby Bear Cottage" is a charming mountain cottage located in the Grouse Ridge section of Beech Mountain that has become a RENTAL POWERHOUSE with an excellent established rental income of $64,000 since January 2023. It is considered a "Guest Favorite" on Airbnb with 4.93 stars. The property offers season views of the ski slopes and has a convenient yet private location with level entry, paved driveway and road. The main level features an open living area surrounded by an abundance of windows providing a treehouse feel. You can walk out onto the rear deck and enjoy wildlife while relaxing in the HOT TUB. The kitchen has stainless steel appliances and the cozy family room has a gas log fireplace. There are 2 BEDROOMS -1 BATH and laundry also on the main level and the lower level has a large recreational room/3rd bedroom and full bath. The property has a fire pit area below for enjoying cool summer nights, stargazing and wildlife viewing. Whether you're looking for a tranquil year-round residence, investment property, or a second home, this property provides the ideal mountain lifestyle. It is being sold furnished w/ exclusions and is Beech Mountain club eligible.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
May 18, 2024
Sold by
Goldstein Richard A and Goldstein Robert L
Bought by
Sant Eric and Sant Amanda Lea
Seller's Agent
Cindy Giarrusso
Blue Ridge Realty & Investment
Buyer's Agent
Ron Kent
EXP Realty LLC
List Price
$470,000
Sold Price
$460,000
Premium/Discount to List
-$10,000
-2.13%
Views
13
Current Estimated Value
$467,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,031
Avg. Annual Appreciation
1.13%
Original Mortgage
$391,000
Outstanding Balance
$383,244
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$83,787

Purchase Details

Closed on
Oct 16, 2020
Sold by
Gurkin Gregory B and Gurkin Audrey T
Bought by
Goldstein Robert L and Feinberg Meredith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
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
Sant Eric $460,000 None Listed On Document
Goldstein Robert L $240,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sant Eric $391,000
Previous Owner Goldstein Robert L $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/29/2024 05/29/24 Sold $460,000 -2.1% $294 / Sq Ft View Prior Sale
04/03/2024 04/03/24 For Sale $470,000 -- $301 / Sq Ft

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
2024 $2,430 $240,400 $32,400 $208,000
2023 $2,479 $240,400 $32,400 $208,000
2022 $2,479 $240,400 $32,400 $208,000
2021 $1,688 $141,700 $20,000 $121,700
2020 $1,688 $141,700 $20,000 $121,700
2019 $1,688 $141,700 $20,000 $121,700
2018 $1,617 $141,700 $20,000 $121,700
2017 $1,617 $141,700 $20,000 $121,700
2013 -- $154,900 $20,000 $134,900
Source: Public Records

Agents Affiliated with this Home

  • Cindy Giarrusso

    Seller's Agent in 2024

    Cindy Giarrusso

    Blue Ridge Realty & Investment

    (828) 964-2896

    219 in this area

    245 Total Sales

    Cindy Giarrusso
    Section Image
  • Ron Kent

    Buyer's Agent in 2024

    Ron Kent

    EXP Realty LLC

    (561) 886-5904

    28 in this area

    172 Total Sales

    Ron Kent
    Section Image
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Map

North Carolina Watauga County Beech Mountain 28604

115 Upper Grouse Ridge Rd, Beech Mountain, NC

This home is located at 115 Upper Grouse Ridge Rd, Beech Mountain, NC 28604 and is currently estimated at $467,031, approximately $298 per square foot. 115 Upper Grouse Ridge Rd is a home located in Watauga County with nearby schools including Valle Crucis Elementary School and Watauga High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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