NOT LISTED FOR SALE

1160 Grassy Knob Rd Unit 11 Rutherfordton, NC 28139

Estimated Value: $310,000 - $416,000

1 Bed
1 Bath
1,596 Sq Ft
$229/Sq Ft Est. Value

Last Sold December 27, 2019

Last sale price $72,000 $45 Per Sq Ft

Est. 407% increase in value since last sale

Current estimated payment $2,108/month

173 Days on Market

Highlights

  • Wood Burning Stove
  • Cottage
  • Shed
  • Wood Flooring
  • Fireplace

About This Home

As of December 2019

This picturesque farmhouse dates way back to 1934 and is just a short distance from Lake Lure. Although the home does need some updating & repairs, it holds the potential to be a quaint homestead for the right buyer. With almost 10 acres nestled next to an apple orchard, the home retains many original features such as the beaded walls & ceiling, stone foundation w/cellar, & hardwood flooring. The back yard is fenced in with an outbuilding for storage and the well pump is only a year old. Note: appliances do not convey.

Last Agent to Sell the Property

Brad Cummings

Colfax Home & Land, Co License #289459 Listed on: 04/18/2019

Co-Listed By

Charles Burgess

Epic Life Realty Group License #254560

Last Buyer's Agent

Kirk Bowden

Walker Wallace and Emerson Realty License #285207

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1934

Lot Details

  • 9.51

Parking

  • Gravel Driveway

Home Design

  • Cottage

Interior Spaces

  • 1 Full Bathroom
  • Fireplace
  • Wood Burning Stove
  • Wood Flooring

Outdoor Features

  • Shed

Utilities

  • Heating System Uses Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 1617976

Home Details

Home Type

Single Family

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Cottage
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.90000
  • Ratio Close Price By Original Li: 0.72727
  • Ratio Current Price By Acre: 7570.98
  • Ratio Current Price By Sq Ft: 45.11
  • Year Built: 1934
  • Special Features: None
  • Stories: 1

Interior Features

  • Upper Level Sq Ft: 342
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 1
  • Equipment: Electric Dryer Hookup
  • Fireplace: Yes
  • Flooring: Carpet, Wood
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Main Level Sq Ft: 1254
  • Total Sq Ft: 1596

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, Shed(s)

Garage/Parking

  • Driveway: Earth, Gravel
  • Parking: Driveway

Utilities

  • Heating: Gas Space Heater, Propane, Window Unit, Woodstove
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Features: Long Range View, Sloping
  • Lot Size Area: 9.510
  • Parcel Number: 1617976

Tax Info

  • Tax Value: 74850.00
  • Tax Location: Rutherford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2019
Closed on
Dec 20, 2019
Sold by
Bartlett Stacey and Bartlett Michael
Bought by
Spencer Jennifer Callahan and Spencer Margaret Frances
Seller's Agent
Brad Cummings
Colfax Home & Land, Co
Buyer's Agent
Kirk Bowden
Walker Wallace and Emerson Realty
List Price
$99,000
Sold Price
$72,000
Premium/Discount to List
-$27,000
-27.27%
Current Estimated Value
$364,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,913
Avg. Annual Appreciation
33.07%
Original Mortgage
$133,853
Outstanding Balance
$118,492
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$246,421
Source: Public Records

Range of Values:

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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
Spencer Jennifer Callahan $72,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spencer Jennifer Callahan $133,853
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2019 12/27/19 Sold $72,000 -10.0% $45 / Sq Ft
10/08/2019 10/08/19 Pending -- -- --
08/11/2019 08/11/19 Price Changed $80,000 -19.2% $50 / Sq Ft
08/05/2019 08/05/19 For Sale $99,000 0.0% $62 / Sq Ft
07/20/2019 07/20/19 Pending -- -- --
05/08/2019 05/08/19 For Sale $99,000 0.0% $62 / Sq Ft
04/25/2019 04/25/19 Pending -- -- --
04/18/2019 04/18/19 For Sale $99,000 -- $62 / 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 $1,622 $222,000 $80,400 $141,600
2024 $1,502 $222,000 $80,400 $141,600
2023 $1,127 $222,000 $80,400 $141,600
2022 $1,127 $122,700 $46,700 $76,000
2021 $1,110 $122,700 $46,700 $76,000
2020 $775 $72,400 $46,700 $25,700
2019 $767 $72,400 $46,700 $25,700
2018 $791 $74,850 $47,400 $27,450
2016 $739 $74,850 $47,400 $27,450
2013 -- $74,850 $47,400 $27,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3495271

Canopy MLS (Canopy Realtor® Association)

APN: 1617976