NOT LISTED FOR SALE

116 Fairway Dr Beech Mountain, NC 28604

Estimated Value: $714,000 - $885,820

3 Beds
3.5 Baths
3,078 Sq Ft
$264/Sq Ft Est. Value

Last Sold March 08, 2018

Last sale price $439,000 $143 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $4,822/month

105 Days on Market

Highlights

  • Mountain View
  • Mountain Architecture
  • No HOA
  • Valle Crucis Elementary School Rated A-
  • 3 Fireplaces
  • Covered Patio or Porch

About This Home

As of March 2018

Panoramic views, golf course location and end of road privacy are one of many offerings in this remodeled Beech Mountain property. Three levels of living space with several levels of generous decking overlooking phenomenal views allows for ample space for entertaining. Main level has remodeled kitchen, master with fireplace full bath, great room with fireplace and half bath with laundry. Downstairs has sizable family/recreation room with a third fireplace, bar area, 2 bedrooms and full bath. An additional level was remodeled to include a bonus room and full bath. Garage is a 2 car with workshop, and ample parking above and driveway to garage. The property includes lot 114 Fairway Drive for a total of .51 acre. Also comes furnished with a few exceptions. Club membership is current and with new member fees, would give access to a private 18-hole professional golf course, clay tennis courts, pickleball, outdoor swimming pool, clubhouse dining, 24 hour fitness center, day camp for kids, plus many other amenities.

Last Agent to Sell the Property

Tracy Simms

Blue Ridge Realty & Inv. - Banner Elk Listed on: 10/23/2017

Last Buyer's Agent

Zoe Schmidinger

The Summit Group Of The Carolinas

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,867

Year Built

  • Built in 1977

Lot Details

  • 0.51

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Mountain Architecture
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • 3 Fireplaces
  • Mountain Views
  • Partially Finished Basement

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Schools

  • Valle Crucis Elementary School

Utilities

  • No Cooling
  • Heating Available
  • Private Sewer
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • 0.51 Acre Lot

Community Details

  • No Home Owners Association
  • Grassy Gap Golf Course Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot 170 & 171
  • Assessor Parcel Number 1940-89-6007-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,867

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.51
  • Road Surface Type: Gravel
  • Subdivision Name: Grassy Gap Golf Course
  • Above Grade Finished Sq Ft: 2670.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built: 1977
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer
  • Has Basement: Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 408.0
  • Fireplace Features: Three
  • Fireplaces: 3
  • Fireplace: Yes
  • Living Area: 3078.0
  • Stories: 3

Exterior Features

  • View: Long Range, Mountain(s)
  • View: Yes
  • Home Warranty: No
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Paved Driveway
  • Patio And Porch Features: Covered, Multiple, Open
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Driveway, Garage, Two Car Garage, Paved, Private

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association: No

Schools

  • Elementary School: Valle Crucis

Lot Info

  • Parcel #: 1940-89-6007-000
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4867.0
  • Tax Book Number: 1675/549
  • Tax Lot: 170 & 171

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2017
Closed on
Mar 1, 2018
Sold by
Lonon James C and Lonon Trenna J
Bought by
Schilling Timothy Thomas and Schilling Amie Lohr
Seller's Agent
Tracy Simms
Blue Ridge Realty & Inv. - Banner Elk
Buyer's Agent
Zoe Schmidinger
The Summit Group Of The Carolinas
List Price
$439,000
Sold Price
$439,000
Current Estimated Value
$812,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$373,955
Avg. Annual Appreciation
8.20%
Original Mortgage
$351,200
Outstanding Balance
$298,534
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$514,421

Purchase Details

Listed on
Aug 23, 2010
Closed on
Dec 11, 2012
Sold by
Jones Hedy
Bought by
Lonon James C and Lonon Trenna J
List Price
$226,500
Sold Price
$226,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.63%
Original Mortgage
$125,000
Interest Rate
3.35%
Mortgage Type
New Conventional
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
Schilling Timothy Thomas $439,000 None Available
Lonon James C $226,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schilling Timothy Thomas $351,200
Previous Owner Lonon James C $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/08/2018 03/08/18 Sold $439,000 0.0% $143 / Sq Ft
02/06/2018 02/06/18 Pending -- -- --
10/23/2017 10/23/17 For Sale $439,000 +93.8% $143 / Sq Ft
01/03/2013 01/03/13 Sold $226,500 0.0% $84 / Sq Ft View Prior Sale
12/04/2012 12/04/12 Pending -- -- --
08/23/2010 08/23/10 For Sale $226,500 -- $84 / Sq Ft
Source: High Country 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 $6,738 $685,400 $30,600 $654,800
2024 $6,738 $685,400 $30,600 $654,800
2023 $6,920 $685,400 $30,600 $654,800
2022 $6,920 $685,400 $30,600 $654,800
2021 $4,520 $391,200 $70,000 $321,200
2020 $4,520 $391,200 $70,000 $321,200
2019 $4,520 $391,200 $70,000 $321,200
2018 $4,325 $391,200 $70,000 $321,200
2017 $4,325 $391,200 $70,000 $321,200
2013 -- $410,200 $123,800 $286,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 203954

High Country Association of REALTORS®

APN: 1940-89-6007-000