NOT LISTED FOR SALE

1301 E Reach Rd Unit 179 Sylva, NC 28779

Estimated Value: $838,500

2.04 Acres
$411,029 Price per Acre
88,862 Sq Ft Lot

Last Sold October 24, 2024

Last sale price $925,000

Est. 9% decrease in value since last sale

Current estimated payment $5,286/month

5 Days on Market

Highlights

  • Equestrian Center
  • Barn
  • Pasture

About This Lot

As of October 2024

If you’re looking for a property to build a private, peaceful mountain home, look no further! Located just at 3,700 ft elevation, making a lovely escape from the summer heat, with lovely Northern and Western views in Balsam Mountain Preserve. Balsam Mountain Preserve is a private 4,400-acre club community with 3,200 acres of conservation land and completed amenities featuring golf, equestrian, scenic trails, tennis and dining. The stunning new facilities at Doubletop Village, including the Summit House Restaurant and Mine Tavern, are now open to members and their guests.

Last Agent to Sell the Property

Sean McLaughlin

BMP David Southworth Real Estate LLC Brokerage Phone: 828-388-8633 License #257962 Listed on: 09/25/2024

Last Buyer's Agent

Dwight Mills

RE/MAX Results License #318589

RE/MAX Results

Property Details

Property Type

  • Land

Lot Details

  • Possible uses of the property include Private Estate, Recreational, Residential

HOA Fees

  • $600 Monthly HOA Fees

Schools

  • Scotts Creek Elementary And Middle School
  • Smoky Mountain High School

Farming

  • Barn
  • Pasture

Horse Facilities and Amenities

  • Equestrian Center
  • Wash Rack
  • Paddocks
  • Tack Room
  • Trailer Storage
  • Hay Storage
  • Arena
  • Riding Trail

Utilities

  • Well Required
  • Septic Needed

Community Details

  • Balsam Mountain Preserve Community Association, Phone Number (828) 354-0265
  • Balsam Mountain Preserve Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 7672-73-1194

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$600 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Modular Not Allowed
  • Road Surface Type: Gravel
  • ResoPropertyType: Land
  • Geocode Confidence: High
  • Attribution Contact: 828-388-8633
  • Special Features: None

Interior Features

  • Possible Use: Private Estate, Recreational, Residential

Exterior Features

  • Waterfront Features: None

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Septic Needed
  • Water Source: Well Needed

Condo/Co-op/Association

  • Association Fee: 1800
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Balsam Mountain Preserve Community Association
  • Phone: 828-354-0265
  • ResoAssociationFeeFrequency: Quarterly
  • Association Email: tjones@balsammountain.com

Association/Amenities

  • Association Annual Expense: 7200.00

Schools

  • Middle Or Junior School: Scotts Creek
  • HOA Subject To: Required

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 7672-73-1194
  • Plat Book Slide: 16/3
  • Can Be Subdivided: 0
  • Plat Reference Section Pages: 16/3
  • Horse Amenities: Arena, Barn, Boarding Facilities, Equestrian Facilities, Hay Storage, Horses Allowed, Paddocks, Pasture, Riding Trail, Tack Room, Trailer Storage, Wash Rack
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RES

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2024
Closed on
Oct 24, 2024
Sold by
Bmp David Southworth Real Estate Holding
Bought by
Holmes Michael and Holmes Caren
Seller's Agent
Sean McLaughlin
BMP David Southworth Real Estate LLC
Buyer's Agent
Dwight Mills
RE/MAX Results
List Price
$975,000
Sold Price
$925,000
Premium/Discount to List
-$50,000
-5.13%
Current Estimated Value
$838,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$86,500
Avg. Annual Appreciation
7.92%

Purchase Details

Closed on
Nov 14, 2022
Sold by
Bmp Builders Llc
Bought by
Bmp David Southworth Real Estate Holdings Llc

Purchase Details

Closed on
Oct 6, 2022
Sold by
Thomas Jeffrey Paul and Thomas Jennifer Brooks
Bought by
Bmp Builders Llc

Purchase Details

Closed on
Sep 27, 2022
Sold by
Bmp Real Estate Holdings Llc
Bought by
Bmp David Southworth Real Estate Holdings Llc

Purchase Details

Listed on
Mar 29, 2012
Closed on
Jul 12, 2012
Sold by
United Community Bank
Bought by
Brooks Thomas Jeffrey Paul and Brooks Thomas Jennifer
Seller's Agent
Barbara Huse
Balsam Team
Buyer's Agent
Barbara Huse
Balsam Team
List Price
$149,900
Sold Price
$110,000
Premium/Discount to List
-$39,900
-26.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.90%

Purchase Details

Closed on
Aug 11, 2011
Sold by
Popp John D and Popp Joyce M
Bought by
United Community Bank

Purchase Details

Closed on
Aug 25, 2008
Sold by
Balsam Mountain Preserve Llc
Bought by
Popp John D and Popp Joyce M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,975
Interest Rate
6.32%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Holmes Michael $925,000 None Listed On Document
Holmes Michael $925,000 None Listed On Document
Bmp David Southworth Real Estate Holdings Llc -- --
Bmp Builders Llc $200,000 --
Bmp David Southworth Real Estate Holdings Llc $8,766,500 --
Brooks Thomas Jeffrey Paul $110,000 None Available
United Community Bank $254,769 --
Popp John D $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Popp John D $249,975
Previous Owner Popp John D $244,975
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2024 10/24/24 Sold $925,000 -5.1% --
09/25/2024 09/25/24 For Sale $975,000 +786.4% --
07/12/2012 07/12/12 Sold $110,000 -26.6% -- View Prior Sale
06/12/2012 06/12/12 Pending -- -- --
03/29/2012 03/29/12 For Sale $149,900 -- --
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 $3,515 $925,000 $925,000 $0
2024 $950 $250,000 $250,000 $0
2023 $950 $250,000 $250,000 $0
2022 $950 $250,000 $250,000 $0
2021 $900 $250,000 $250,000 $0
2020 $950 $250,000 $250,000 $0
2019 $950 $250,000 $250,000 $0
2018 $950 $250,000 $250,000 $0
2017 $925 $250,000 $250,000 $0
2015 $1,400 $400,000 $400,000 $0
2011 -- $500,000 $500,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4186994

Canopy MLS (Canopy Realtor® Association)

APN: 7672-73-1194