1280 Cathey Cove Rd Waynesville, NC 28786
3
Beds
6
Baths
4,684
Sq Ft
3.05
Acres
Highlights
- Spa
- Sauna
- Private Lot
- Bethel Elementary Rated A-
- Contemporary Architecture
- Wood Flooring
About This Home
As of September 2021This is the one you've been waiting for! This home offers an incredible main living space. Walk in to the stunning great room featuring an expansive wall of windows to take in the million dollar views, a chef's kitchen built around a desirable Fivestar range, walk in pantry, Full size dining area, main level bedroom / ensuite bath with jetted tub and walk in shower, and half bath for guests. Across the hall find a private guest area including a full kitchen, mirrored wall of windows, full size dining area, main level ensuite and half bath, downstairs is another bedroom, and two bonus rooms used as sleeping areas, (3 bedroom septic) and a den / game room. This side of the home is currently used as a short term rental and has $70,000 in income on the books for 2021! Continue use as an Airbnb / Vrbo on one side, create more income by renting both sides, or easily utilize as a single family residence. Property being offered fully furnished. The choice in yours.
Last Agent to Sell the Property
NextHome AVL Realty License #288403 Listed on: 07/08/2021
Home Details
Home Type
- Single Family
Year Built
- Built in 2005
Lot Details
- Private Lot
- Many Trees
HOA Fees
- $38 Monthly HOA Fees
Parking
- Attached Garage
- Gravel Driveway
Home Design
- Contemporary Architecture
Interior Spaces
- Sauna
- Kitchen Island
- Wood Flooring
Bedrooms and Bathrooms
- Garden Bath
Additional Features
- Spa
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 8635-88-6450
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 8, 2021
Closed on
Aug 31, 2021
Sold by
Alexander James and Alexander Lisa
Bought by
Elkin Allyn M and Elkin Ebnjamin A
Seller's Agent
Madelyn Niemeyer
NextHome AVL Realty
Buyer's Agent
Madelyn Niemeyer
NextHome AVL Realty
List Price
$759,000
Sold Price
$770,000
Premium/Discount to List
$11,000
1.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%
Original Mortgage
$539,000
Outstanding Balance
$490,902
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$404,289
Purchase Details
Listed on
Aug 11, 2014
Closed on
Sep 16, 2014
Sold by
Jones William H and Jones Alecia C
Bought by
Alexander James and Alexander Lisa
Seller's Agent
Michelle McElroy
Allen Tate/Beverly-Hanks Waynesville
Buyer's Agent
Aaron Kraft
WEICHERT, Realtors - Unlimited
List Price
$399,900
Sold Price
$357,500
Premium/Discount to List
-$42,400
-10.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.67%
Purchase Details
Closed on
Nov 3, 2003
Bought by
Jones William H and Jones Alecia C
Similar Homes in Waynesville, NC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $770,000 | None Available | |
| Warranty Deed | $357,500 | None Available | |
| Deed | $35,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $539,000 | New Conventional | |
| Previous Owner | $300,000 | Credit Line Revolving | |
| Previous Owner | $100,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/21/2025 04/21/25 | For Sale | $865,000 | +12.3% | $173 / Sq Ft |
| 09/03/2021 09/03/21 | Sold | $770,000 | +1.4% | $164 / Sq Ft |
| 07/18/2021 07/18/21 | Pending | -- | -- | -- |
| 07/08/2021 07/08/21 | For Sale | $759,000 | +112.3% | $162 / Sq Ft |
| 09/22/2014 09/22/14 | Sold | $357,500 | -10.6% | $76 / Sq Ft |
| 08/23/2014 08/23/14 | Pending | -- | -- | -- |
| 08/11/2014 08/11/14 | For Sale | $399,900 | -- | $85 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | -- | $499,200 | $74,800 | $424,400 |
| 2024 | $3,379 | $499,200 | $74,800 | $424,400 |
| 2023 | $3,329 | $499,200 | $74,800 | $424,400 |
| 2022 | $3,254 | $499,200 | $74,800 | $424,400 |
| 2021 | $3,254 | $499,200 | $74,800 | $424,400 |
| 2020 | $2,735 | $384,500 | $56,100 | $328,400 |
| 2019 | $2,740 | $384,500 | $56,100 | $328,400 |
| 2018 | $2,740 | $384,500 | $56,100 | $328,400 |
| 2017 | $2,702 | $384,500 | $0 | $0 |
| 2016 | $2,649 | $387,600 | $0 | $0 |
| 2015 | $2,649 | $387,600 | $0 | $0 |
| 2014 | $2,481 | $387,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Marie Reed
Seller's Agent in 2025
Marie Reed
Keller Williams Professionals
(828) 553-7893
445 Total Sales
-
Madelyn Niemeyer
Seller's Agent in 2021
Madelyn Niemeyer
NextHome AVL Realty
(305) 546-5066
134 Total Sales
-
Michelle McElroy
Seller's Agent in 2014
Michelle McElroy
Allen Tate/Beverly-Hanks Waynesville
(828) 400-9463
394 Total Sales
-
Buyer's Agent in 2014
Aaron Kraft
WEICHERT, Realtors - Unlimited
(828) 484-1571
65 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: CAR3757414
APN: 8635-88-6450
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