NOT LISTED FOR SALE

122 Racking Cove Rd Sylva, NC 28779

Estimated Value: $404,000 - $1,055,815

26.29 Acres
$26,815 Price per Acre
1,145,192 Sq Ft Lot

Last Sold October 29, 2021

Last sale price $275,000

Est. 156% increase in value since last sale

Current estimated payment $3,877/month

144 Days on Market

Highlights

  • 26.29 Acre Lot
  • Hilly Lot
  • No HOA
  • Heavily Wooded Lot

About This Lot

As of October 2021

Sylva NC- 26 Acres of UNRESTRICTED PROPERTY!!! YES!! That is correct. Large tract of unrestricted land located within 2 miles of Sylva City Limits. Tuckaseigee Water & Sewer Authority has a water line , on Racking Cove Road, just across the road from this property. Buyer's responsibility to confirm availability. Jackson County computed average slope of 38%. Current owners have timber plan for deferred taxes, new owners responsible for new plan.

Last Agent to Sell the Property

Ralph Allison

Western Carolina Properties-Dillsboro Brokerage Phone: 8285863442 License #159929 Listed on: 05/07/2021

Last Buyer's Agent

Bernard Gilchrist

Sundog Realty License #208314

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,685

Lot Details

  • 26.29 Acre Lot
  • Property fronts a state road
  • Hilly Lot
  • Heavily Wooded Lot
  • Landscaped with Trees

Schools

  • Scotts Creek Elementary School
  • Smoky Mountain High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 7652632638

Property Details

Property Type

Land

Est. Annual Taxes

$1,685

Lot Details

0

Listing Details

  • Property Sub Type: Subdevelopment,Land,Rural Acreage-Wooded
  • Prop. Type: Land
  • Lot Size Acres: 26.29
  • Road Frontage Type: State Road
  • Ownership: More than One Year
  • Subdivision Name: None
  • Directions: From Sylva NC, travel US Highway 74 East to right on Racking Cove Road to property on right.
  • Habitable Residence: No
  • NAV27_rets_property_type: Land
  • Special Features: None

Interior Features

  • Possible Use: Residential, Timber, Double-wide Mobile Home

Exterior Features

  • Lot Features: Hardwoods, No Deed Restrictions
  • Topography: Hilly/Steep
  • View: No
  • Other Structures: Other

Utilities

  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Scotts Creek
  • High School: Smoky Mountain

Lot Info

  • Lot Size Sq Ft: 1145192.4
  • Parcel #: 7652632638
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1685
  • Tax Book Number: 916

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Oct 29, 2021
Sold by
Ward James Lewis and Ward Mildred
Bought by
Neslen George Quayle and Ledford Cassie Lene
Seller's Agent
Ralph Allison
Western Carolina Properties-Dillsboro
Buyer's Agent
Bernard Gilchrist
Sundog Realty
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$704,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,954
Avg. Annual Appreciation
24.99%
Original Mortgage
$255,700
Outstanding Balance
$217,094
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$487,860
Source: Public Records
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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
Neslen George Quayle $275,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neslen George Quayle $255,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2021 10/29/21 Sold $275,000 0.0% --
09/29/2021 09/29/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $275,000 -- --
Source: Carolina Smokies 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 $2,723 $716,609 $288,280 $428,329
2024 $1,124 $295,884 $273,670 $22,214
2023 $357 $273,670 $273,670 $0
2022 $357 $273,670 $273,670 $0
2021 $220 $455,360 $455,360 $0
2020 $226 $471,800 $454,800 $17,000
2019 $226 $471,800 $454,800 $17,000
2018 $226 $471,800 $454,800 $17,000
2017 $220 $471,800 $454,800 $17,000
2015 $167 $471,800 $454,800 $17,000
2011 -- $551,740 $536,740 $15,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Ralph Allison

    Western Carolina Properties-Dillsboro

    (828) 507-2005

    34 in this area

    43 Total Sales

    Ralph Allison
    Section Image
  • Bernard Gilchrist

    Buyer's Agent in 2021

    Bernard Gilchrist

    Sundog Realty

    (828) 606-2900

    79 in this area

    207 Total Sales

    Bernard Gilchrist
    Section Image
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Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26019485

APN: 7652-63-2638

North Carolina Jackson County Sylva 28779

122 Racking Cove Rd, Sylva, NC

Not Listed for Sale

Lots

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