NOT LISTED FOR SALE

119 Chestnut Ln Unit 119 Mars Hill, NC 28754

Estimated Value: $274,000

0.73 Acre
$375,342 Price per Acre
31,799 Sq Ft Lot

Last Sold May 25, 2023

Last sale price $7,500

Est. 3,553% increase in value since last sale

Current estimated payment $1,546/month

160 Days on Market

Highlights

  • Ski Accessible
  • Fitness Center
  • Clubhouse
  • Golf Course Community
  • Mountain View
  • Private Lot

About This Lot

As of May 2023

Nice building lot in a gated golf and ski community with a creek and the sound of running water very close by. Chestnut is a very low key area with little development, and much privacy. Community water system in place, moderate mountain views of Big Bald possible. This price is very favorable and would make a nice location for a family or investor type home. All amenities are available via separate, voluntary, paid memberships. Non brokers must be accompanied for sec gate. Restrictions are located at WL RMS and WL POA, see Owner Assoc Disclosure for websites and contact info.

Last Agent to Sell the Property

Dinah Carver

Wolf Mountain Realty, Inc. License #168308 Listed on: 10/07/2022

Last Buyer's Agent

Elizabeth Jones

RE/MAX Results License #309069

RE/MAX Results

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $40

Lot Details

  • 0.73 Acre Lot
  • Private Lot
  • Sloped Lot
  • Wooded Lot
  • Possible uses of the property include Residential
  • Property is zoned R2, R-2

HOA Fees

Property Views

  • Mountain Views

Utilities

  • Community Well
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 986202650734000

Community Details

Overview

  • Wlrms Association, Phone Number (828) 680-9162
  • Wlpoa Association, Phone Number (828) 689-9229
  • Wolf Laurel Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area
  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Indoor Game Court
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Pool
  • Putting Green
  • Trails
  • Ski Accessible
  • Pond

Property Details

Property Type

Land

Est. Annual Taxes

$40

Lot Details

0

HOA Fees

$90 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Short Term Rental Allowed,Other - See Remarks
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Special Assessment Description: 0
  • Proposed Special Assessment Desc: 0
  • Road Surface Type: Gravel
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Room Count: 0

Exterior Features

  • Construction Type: Site Built
  • View: Mountain(s), Winter
  • Waterfront Elevation: 4000

Garage/Parking

  • Garage Yn: No
  • Open Parking: No

Utilities

  • Sewer: Septic Needed
  • Security: Security Service
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Game Court, Gated, Golf, Outdoor Pool, Picnic Area, Playground, Pond, Putting Green, Recreation Area, Ski Slopes, Tennis Court(s), Walking Trails
  • Association Fee: 958.39
  • Association Fee Frequency: Annually
  • Association #2 Fee: 125
  • Association #2 Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association: WLPOA
  • Association Name: WLRMS
  • Association Phone #2: 828-689-9229
  • Phone: 828-680-9162
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually
  • Association Email: suehonor@wolflaurelrms.com

Association/Amenities

  • Association Annual Expense: 1083.39
  • Association Email 2: carol@wolflaurelpoa.com

Schools

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

Lot Info

  • Lot Features: Private, Sloped, Wooded
  • Lot Size Area: 0.73
  • Lot Size Units: Acres
  • Parcel Number: 986202650734000
  • Zoning: R-2
  • Plat Book Slide: 2/56
  • Can Be Subdivided: 0
  • Plat Reference Section Pages: 2/56
  • Lot Size Acres: 0.73
  • Lot Size Sq Ft: 31798
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R2

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
May 2, 2023
Sold by
Fleddermann Richard G and Fleddermann Judith M
Bought by
Giat Investments Llc
Seller's Agent
Dinah Carver
Wolf Mountain Realty, Inc.
Buyer's Agent
Elizabeth Jones
RE/MAX Results
List Price
$15,000
Sold Price
$7,500
Premium/Discount to List
-$7,500
-50%
Views
64
Current Estimated Value
$274,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,500
Avg. Annual Appreciation
353.52%

Purchase Details

Closed on
Aug 30, 1981
Bought by
Fleddermann Richard G
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
Giat Investments Llc $7,500 None Listed On Document
Fleddermann Richard G $7,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2023 05/25/23 Sold $7,500 -50.0% --
10/07/2022 10/07/22 For Sale $15,000 -- --
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 $40 $7,000 $7,000 $0
2024 $40 $7,000 $7,000 $0
2023 $98 $15,000 $15,000 $0
2022 $96 $15,000 $15,000 $0
2021 $98 $15,000 $15,000 $0
2020 $98 $15,000 $15,000 $0
2019 $98 $15,000 $15,000 $0
2018 $98 $15,000 $15,000 $0
2017 $98 $15,000 $15,000 $0
2016 $98 $15,000 $15,000 $0
2015 $138 $25,000 $25,000 $0
2014 -- $25,000 $25,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3894997

Canopy MLS (Canopy Realtor® Association)

APN: 986202650734.000