NOT LISTED FOR SALE

1385 Ray Cove Rd Franklin, NC 28734

Estimated Value: $523,494 - $818,000

3 Beds
3.5 Baths
1,888 Sq Ft
$333/Sq Ft Est. Value

Last Sold December 21, 2017

Last sale price $350,000 $185 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,476/month

76 Days on Market

Highlights

  • Additional Residence on Property
  • Spa
  • RV Access or Parking
  • Barn
  • Home fronts a pond
  • Garage Apartment

About This Home

As of December 2017

ONE OF A KIND PROPERTY!! Over 4000 SF of living space! Pond, Branch, pool, garages galore, unrestricted usable 2 acres w/ barn and garden space and easy access!! This property has so much to offer and is Priced 20K below August 2017 appraisal! The main Home offers 3 bedrooms and 3.5 bathrooms. The master suite is Huge! and has en suite bath with dual vanities & Jetted Tub. There are also two other bedrooms, one of which has a connecting bathroom. All rooms are spacious and the living room offers a cozy Wood burning fireplace. There is also a sun room which would make a perfect place to cozy up and read your favorite book or just relax and enjoy the sounds of nature. There is a two car garage attached to the home and also a two car detached garage with living space above. It has a small kitchenette and a full bath. perfect for guests or overflow sleeping. There are also RV hookups and a full circle drive to get your RV in and out easily. Relax by the swimming pool and enjoy the mountain lifestyle. There is also a full bath near the pool for convenience. All located close to town and off a state paved road! Too much to list! Come see this one of a kind mountain property!

Co-Listed By

Evelyn Owens

Keller Williams Realty Of Franklin Brokerage Phone: 8285240100 License #228116

Keller Williams Realty Of Franklin

Last Buyer's Agent

Matthew Jackson

Keller Williams Realty Of Franklin License #298979

Keller Williams Realty Of Franklin

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,307

Year Built

  • Built in 1983

Lot Details

  • 2.02 Acre Lot
  • Home fronts a pond
  • Home fronts a stream
  • Property fronts a state road
  • Private Lot
  • Level Lot
  • Open Lot

Parking

  • 2 Car Detached Garage
  • Garage Apartment
  • Basement Garage
  • Garage Door Opener
  • RV Access or Parking

Home Design

  • Ranch Style House
  • Traditional Architecture
  • Metal Roof
  • Wood Siding

Interior Spaces

  • Wood Burning Fireplace
  • Stone Fireplace
  • Insulated Windows
  • Insulated Doors
  • Recreation Room
  • Workshop
  • Sun or Florida Room
  • Screened Porch
  • Home Security System
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • Bathtub Includes Tile Surround
  • Spa Bath

Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Recreation or Family Area in Basement
  • Workshop
  • Finished Basement Bathroom
  • Basement with some natural light

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Deck
  • Outdoor Storage
  • Outbuilding

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Wood
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Additional Residence on Property
  • Barn

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 6574790292

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,307

Year Built

Built in 1983

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Lot Size Acres: 2.02
  • Road Frontage Type: State Road
  • Road Surface Type: Gravel, Paved
  • Co List Office Mls Id: 128
  • Co List Office Phone: 828-524-0100
  • Ownership: More than One Year
  • Directions: Old Murphy to right on Wallace Branch. At stop sign take a left and you are on Ray cove to #1385 on the right ( pointer sign in place)
  • Architectural Style: Traditional, Ranch/Single
  • Carport Y N: No
  • Garage Yn: Yes
  • Year Built: 1983
  • NAV27_rets_property_type: Residential
  • Attribution Contact: 8285240100
  • Special Features: None

Interior Features

  • Spa Features: Bath
  • Private Spa: Yes
  • Appliances: Electric Water Heater, Microwave, Dishwasher, Electric Oven/Range, Refrigerator
  • Has Basement: Full, Heated, Exterior Entry, Daylight, Interior Entry, Finished Bath, Recreation/Game Room, Washer/Dryer Hook-up, Workshop
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Doors-Insulated
  • Fireplace Features: Wood Burning, Stone
  • Fireplace: Yes
  • Flooring: Carpet, Laminate, Vinyl, Ceramic Tile
  • Interior Amenities: Walk-In Closet(s), Ceramic Tile Bath, Workshop, In-law Quarters, Sunroom, Rec/Game Room, Large Master Bedroom
  • Window Features: Insulated Windows

Exterior Features

  • Lot Features: Private, Unrestricted, Allow RVs, Open Lot, Level Yard, Rolling
  • Pool Features: Outdoor Pool
  • View: No
  • Waterfront Features: Stream/Creek, Pond
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Other Structures: Apartment Studio, Outbuilding/Workshop, Barn(s), Storage Building/Shed, Detached Additional Living Space
  • Patio And Porch Features: Porch, Deck, Screened Porch/Deck
  • Roof: Metal

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Parking Features: Garage-Double Detached, Garage-Double in Basement, Garage Door Opener, Garage Apartment

Utilities

  • Security: Security System
  • Cooling: Central Electric, Two Zone, Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Wood, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Size Sq Ft: 87991.2
  • Parcel #: 6574790292
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1306.88
  • Tax Book Number: E-20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2017
Closed on
Dec 5, 2017
Sold by
Bell Barbara Meyer and Bell Barbara Ann
Bought by
Simpson Mildred L
Buyer's Agent
Matthew Jackson
Keller Williams Realty Of Franklin
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$628,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,874
Avg. Annual Appreciation
7.77%
Original Mortgage
$332,500
Outstanding Balance
$279,791
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$349,083

Purchase Details

Closed on
Dec 9, 1993
Sold by
Farley Mimi J
Bought by
Farley David L
Source: Public Records

Range of Values:

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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
Simpson Mildred L $67,000 None Available
Cantrell Joshua K $350,000 None Available
Farley David L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cantrell Joshua K $332,500
Closed Simpson Mildred L $332,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2017 12/21/17 Sold $350,000 0.0% $185 / Sq Ft
11/21/2017 11/21/17 Pending -- -- --
09/05/2017 09/05/17 For Sale $350,000 -- $185 / Sq Ft
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 $1,822 $418,390 $62,480 $355,910
2024 $1,822 $418,390 $62,480 $355,910
2023 $1,786 $418,390 $62,480 $355,910
2022 $1,786 $262,450 $30,300 $232,150
2021 $1,730 $356,950 $30,300 $326,650
2020 $1,640 $356,950 $30,300 $326,650
2018 $1,307 $300,340 $37,880 $262,460
2017 $1,307 $300,340 $37,880 $262,460
2016 $1,277 $300,340 $37,880 $262,460
2015 -- $300,340 $37,880 $262,460
2014 $1,097 $331,770 $54,540 $277,230
2013 -- $331,770 $54,540 $277,230
Source: Public Records

Agents Affiliated with this Home

  • Evelyn Owens

    Seller Co-Listing Agent in 2017

    Evelyn Owens

    Keller Williams Realty Of Franklin

    (828) 332-0088

    127 in this area

    160 Total Sales

    Evelyn Owens
    Section Image
  • Matthew Jackson

    Buyer's Agent in 2017

    Matthew Jackson

    Keller Williams Realty Of Franklin

    (828) 817-3458

    97 in this area

    127 Total Sales

    Matthew Jackson
    Section Image
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Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26006228

APN: 6574790292

North Carolina Macon County Franklin 28734

1385 Ray Cove Rd, Franklin, NC

This home is located at 1385 Ray Cove Rd, Franklin, NC 28734 since 05 September 2017 and is currently estimated at $628,874, approximately $333 per square foot. This property was built in 1983. 1385 Ray Cove Rd is a home located in Macon County with nearby schools including Cartoogechaye Elementary School, Mountain View Intermediate School, and Macon Middle School.

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