NOT LISTED FOR SALE

197 Penny Ln Mars Hill, NC 28754

Mars Hill Area

Estimated Value: $721,000 - $848,415

4 Beds
5 Baths
3,185 Sq Ft
$245/Sq Ft Est. Value

Sale Details

Date Sold: April 20, 2023

Last sale price $670,000 $210 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,640 / mo

1 Day on Market

Highlights

  • Ski Accessible
  • Open Floorplan
  • Deck
  • Spa
  • Mountain View
  • Wooded Lot

About This Home

As of April 2023

*MULTIPLE OFFERS HAVE BEEN RECEIVED* SELLER ASKS FOR ALL OFFERS TO BE SUBMITTED BY SUNDAY MARCH 12, 2023 12PM*
Classic log home near beautiful Wolf Laurel. Perfect second home and successful short-term rental! Spectacular 180-degree long-range mountain views from the two-story great room and expansive, wrap-around deck. Relax in the hot tub, or by the outdoor fireplace and take in the natural beauty and breathtaking sunsets. Kitchen features beautiful granite countertops, gas stove, wine cooler and Aspen bar stools. Knotty pine throughout creates a rustic and earthy feel, while the Aspen-style decking and furniture compliment the dramatic atmosphere of living in the Blue Ridge Mountains. Conveniently located just a few minutes to the Wolf Ridge Ski Resort, Appalachian Trail, and only 45 minutes from all that Asheville has to offer. Don't miss this lovely mountain living home! Home is being sold fully furnished. Showings begin March 10, 2023!

Last Agent to Sell the Property

Christopher Purser

Howard Hanna Beverly-Hanks Asheville-North License #327636 Listed on: 03/10/2023

Co-Listed By

Libby Mijanovich

Howard Hanna Beverly-Hanks Asheville-North License #280569

Last Buyer's Agent

Christopher Purser

Howard Hanna Beverly-Hanks Asheville-North License #327636 Listed on: 03/10/2023

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • Wooded Lot

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 1 Attached Carport Space

Home Design

  • Cabin
  • Slab Foundation
  • Stone Siding
  • Log Siding

Interior Spaces

  • 1.5-Story Property
  • Open Floorplan
  • Wood Burning Fireplace
  • Gas Fireplace
  • Great Room with Fireplace
  • Wood Flooring
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Self-Cleaning Oven
  • Gas Cooktop
  • Down Draft Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet
  • 5 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Laundry on main level
  • Laundry in Garage
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Walk-Up Access
  • Interior Basement Entry

Outdoor Features

  • Spa
  • Balcony
  • Deck
  • Wrap Around Porch
  • Fireplace in Patio

Schools

  • Mars Hill Elementary School
  • Madison Middle School
  • Madison High School

Utilities

  • Window Unit Cooling System
  • Floor Furnace
  • Heating System Uses Propane
  • Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 9851-96-3161

Community Details

Overview

  • Wolf Ridge Subdivision

Recreation

  • Trails
  • Ski Accessible

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0.96 Acres

HOA Fees

$50 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cabin
  • Year Built: 2007
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: One and One Half
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 210.36
  • Geocode Confidence: High
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement, Slab
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Breakfast Bar, Hot Tub, Kitchen Island, Open Floorplan, Split Bedroom, Walk-In Closet(s), Whirlpool
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1676
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 407
  • Appliances: Dishwasher, Disposal, Down Draft, Dryer, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Washer, Wine Refrigerator
  • Above Grade Finished Sq Ft: 2083
  • Has Basement: Interior Entry, Walk-Out Access, Walk-Up Access
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1102
  • Fireplace Features: Gas Vented, Great Room, Porch, Wood Burning
  • Living Area: 3185
  • Bedroom Main: 2
  • Bedroom Basement: 1

Exterior Features

  • Exterior Features: Hot Tub
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Long Range, Mountain(s), Year Round
  • Construction Type: Log, Stone, Stone Veneer
  • Patio And Porch Features: Balcony, Covered, Deck, Rear Porch, Wrap Around

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Carport, Attached Garage

Utilities

  • Heating: Floor Furnace, Propane
  • Sewer: Septic Installed
  • Laundry Features: In Garage, Main Level
  • Cooling: Window Unit(s)
  • Utilities: Propane
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Ski Slopes, Walking Trails
  • Association Fee: 50
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Annual Expense: 600.00

Schools

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

Lot Info

  • Lot Features: Views, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 9851-96-3161
  • Plat Book Slide: 5-289
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RES

MLS Schools

  • Elementary School: Mars Hill
  • High School: Madison

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2023
Closed on
Apr 17, 2023
Sold by
Bought by
Seller's Agent
Christopher Purser
Howard Hanna Beverly-Hanks Asheville-North
Buyer's Agent
Christopher Purser
Howard Hanna Beverly-Hanks Asheville-North
List Price
$624,900
Sold Price
$670,000
Premium/Discount to List
$45,100
7.22%
Views
39
Current Estimated Value
$780,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,354
Avg. Annual Appreciation
4.74%

Purchase Details

Closed on
Feb 19, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,000
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2008
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Mars Hill, NC

  • Derrick Erb Real Estate Agent - DRG Homes & Land

    Derrick Erb

    DRG Homes & Land

    (828) 519-5136

    18 Total Sales

    2 in Mars Hill

    $34K - $355K Price Range

    Derrick Erb
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  • Kim Gentry Justus Real Estate Agent - Ivester Jackson Blackstream

    Kim Gentry Justus

    Responds Quickly

    Ivester Jackson Blackstream

    (828) 672-3470

    70 Total Sales

    2 in Mars Hill

    $315K - $540K Price Range

    Kim Gentry Justus
     Section Image
  • Athena Cermak Real Estate Agent - Keller Williams Professionals

    Athena Cermak

    Responds Quickly

    Keller Williams Professionals

    (828) 672-3601

    135 Total Sales

    2 in Mars Hill

    $240K - $330K Price Range

    Athena Cermak
     Section Image
  • David Willett Real Estate Agent - RE/MAX Executive

    David Willett

    RE/MAX Executive

    (828) 944-8251

    55 Total Sales

    1 in Mars Hill

    $88,000 Price

    David Willett
     Section Image
  • Jason Altenhof Real Estate Agent - Costello Real Estate and Investments LLC

    Jason Altenhof

    Costello Real Estate and Investments LLC

    (980) 434-0025

    45 Total Sales

    1 in Mars Hill

    $416,500 Price

    Jason Altenhof
     Section Image
  • Mary Blevins Real Estate Agent - Dream Mountain Realty

    Mary Blevins

    Dream Mountain Realty

    (828) 536-2115

    88 Total Sales

    1 in Mars Hill

    $790,000 Price

    Mary Blevins
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$670,000 None Listed On Document
$390,000 None Available
-- American Home Title Llc
$106,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $312,000
Previous Owner $291,000
Previous Owner $180,600
Previous Owner $103,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/20/2023 04/20/23 Sold $670,000 +7.2% $210 / Sq Ft
03/10/2023 03/10/23 For Sale $624,900 -- $196 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,518 $741,715 $57,115 $684,600
2024 $3,518 $741,715 $57,115 $684,600
2023 $2,746 $434,986 $38,928 $396,058
2022 $2,746 $434,986 $38,928 $396,058
2021 $2,746 $434,986 $38,928 $396,058
2020 $2,746 $434,986 $38,928 $396,058
2019 $2,714 $399,055 $38,981 $360,074
2018 $2,434 $0 $0 $0
2017 $2,434 $0 $0 $0
2016 $2,434 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $399,056 $38,981 $360,075
2013 -- $399,056 $38,981 $360,075
Source: Public Records

Agents Affiliated with this Home

  • Christopher Purser Real Estate Agent - Howard Hanna Beverly-Hanks Asheville-North

    Seller's Agent in 2023

    Christopher Purser

    Howard Hanna Beverly-Hanks Asheville-North

    (828) 380-9494

    125 Total Sales

    Christopher Purser
    Section Image
  • Libby Mijanovich Real Estate Agent - Howard Hanna Beverly-Hanks Asheville-North

    Seller Co-Listing Agent in 2023

    Libby Mijanovich

    Howard Hanna Beverly-Hanks Asheville-North

    (828) 380-0496

    54 Total Sales

    Libby Mijanovich
    Section Image
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Map

Source: Canopy MLS

MLS Number: 4006877

Canopy MLS

APN: 9851-96-3161

North Carolina Madison County Mars Hill 28754

197 Penny Ln, Mars Hill, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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