NOT LISTED FOR SALE

2022 Olive Hill Rd Franklin, NC 28734

Estimated Value: $452,000 - $712,000

3 Beds
2 Baths
-- Sq Ft
8 Acres

Last Sold January 16, 2024

Last sale price $630,000

Est. 1% decrease in value since last sale

Current estimated payment $3,477/month

8 Days on Market

Highlights

  • Horses Allowed On Property
  • 8 Acre Lot
  • New Kitchen
  • RV Access or Parking
  • Open Floorplan
  • Deck

About This Home

As of January 2024

Hard to find!! Gorgeous new construction home situated on 8 UNRESTRICTED acres with bold creek running through the property. Perfect for a small farm! Several acres of level land on the lower section as well as lots of wooded space for privacy. Home boasts 3 bedrooms and 2 baths with a partially finished basement. The partially finished walk-out basement offers potential for expansion, including the addition of a family room, bonus room with an attached bath, buyer would need to finish. The open-concept main level includes attractive features like luxury vinyl plank (LVP) flooring and granite counters in the kitchen, with a large island for cooking enthusiasts. The split floor plan places the primary bedroom on one side with an ensuite bathroom, which includes a double vanity, tiled shower, separate toilet and walk-in closet. The other side of the home includes two additional bedrooms and a main bathroom. Laundry is located downstairs along with an over-sized 2 car garage. Huge covered deck on the main level with electrical already in place to add a hot tub. House is also wired for a whole house generator. Fireplace in living room to be finished prior to closing.

Last Agent to Sell the Property

Melissa Mossbarger

Keller Williams Realty Of Franklin Brokerage Phone: 8285240100 License #309230 Listed on: 11/23/2023

Keller Williams Realty Of Franklin

Last Buyer's Agent

Melissa Mossbarger

Keller Williams Realty Of Franklin Brokerage Phone: 8285240100 License #309230 Listed on: 11/23/2023

Keller Williams Realty Of Franklin

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $369

Year Built

  • Built in 2023

Lot Details

  • 8 Acre Lot
  • Home fronts a stream
  • Property fronts a state road
  • Level Lot
  • Partially Wooded Lot

Parking

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

Home Design

  • Raised Ranch Architecture
  • Metal Roof
  • HardiePlank Type
  • Block And Beam Construction

Interior Spaces

  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Insulated Doors
  • Living Area on First Floor
  • Washer and Dryer Hookup

Kitchen

  • New Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub Includes Tile Surround

Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Laundry in Basement
  • Stubbed For A Bathroom
  • Basement with some natural light

Outdoor Features

  • Deck
  • Porch

Utilities

  • Cooling Available
  • Heating System Uses Propane
  • Heat Pump System
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Pasture
  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 6566927341

Home Details

Home Type

Single Family

Est. Annual Taxes

$369

Year Built

Built in 2023

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Horses: Yes
  • Lot Size Acres: 8
  • Road Frontage Type: State Road
  • Road Surface Type: Paved
  • Ownership: More than One Year
  • Directions: From Franklin: Take Depot Extension to Bryson City Rd/NC 28. Go 2.5 miles to Left onto Airport Rd. Follow past airport until you reach the yield sign for Olive Hill Rd. Turn Left onto Olive Hill Rd. Go 1.2 miles, driveway is on the left just after the bridge.
  • Architectural Style: Raised Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Year Built: 2023
  • Kitchen Level: First
  • NAV27_rets_property_type: Residential
  • Attribution Contact: 8285240100
  • NAV27_AllowsVacationRentalYN: Yes
  • Special Features: NewHome

Interior Features

  • Appliances: Electric Water Heater, Dishwasher, Microwave, Electric Oven/Range, Refrigerator, Other-See Remarks
  • Has Basement: Full, Partitioned, Daylight, Exterior Entry, Interior Entry, Washer/Dryer Hook-up, Bath/Stubbed, Other
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Doors-Insulated
  • Fireplace Features: Gas Log
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Luxury Vinyl Plank
  • Interior Amenities: Cathedral/Vaulted Ceiling, Ceiling Fan(s), Ceramic Tile Bath, Kitchen Island, Large Master Bedroom, Living/Dining Room, Main Level Living, Primary w/Ensuite, Primary on Main Level, New Kitchen, Open Floorplan, Split Bedroom, Walk-In Closet(s)
  • Window Features: Insulated Windows
  • Room Bedroom2 Level: First
  • Living Room Living Room Level: First
  • Room Bedroom3 Area: 105.676
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom2 Area: 113.12
  • Room Living Room Area: 296.4
  • Room Bedroom3 Level: First
  • Room Kitchen Area: 304.22
  • Dining Room Dining Room Level: First
  • Master Bedroom Master Bedroom Width: 15
  • Room Master Bedroom Area: 195

Exterior Features

  • Lot Features: Allow RVs, Level, Pasture, Rolling, Suitable for Horses, Unrestricted
  • View: No
  • Waterfront Features: Stream/Creek
  • Home Warranty: No
  • Construction Type: HardiPlank Type, Block
  • Patio And Porch Features: Deck, Porch
  • Roof: Metal

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Garage-Double in Basement, Garage Door Opener

Utilities

  • Laundry Features: In Basement
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Propane, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well, Private
  • Gas Company: Propane Tank: None

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Size Sq Ft: 348480
  • Parcel #: 6566927341

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 368.54
  • Tax Book Number: S-41

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2023
Closed on
Jan 9, 2024
Sold by
Mossbarger Paul Thomas and Mossbarger Kasey Lee
Bought by
Klause Thomas Lewis and Klause Karin Elizabeth
Seller's Agent
Melissa Mossbarger
Keller Williams Realty Of Franklin
Buyer's Agent
Melissa Mossbarger
Keller Williams Realty Of Franklin
List Price
$649,000
Sold Price
$630,000
Premium/Discount to List
-$19,000
-2.93%
Views
11
Current Estimated Value
$626,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,468
Avg. Annual Appreciation
-0.32%
Original Mortgage
$330,000
Outstanding Balance
$324,514
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$302,018

Purchase Details

Closed on
Mar 11, 2022
Sold by
Amended Flora B Payne and Revoc Restated
Bought by
Mossbarger Paul Thomas and Mossbarger Kasey Lee
Source: Public Records

Range of Values:

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Average Value
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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
Klause Thomas Lewis $630,000 None Listed On Document
Klause Thomas Lewis $630,000 None Listed On Document
Mossbarger Paul Thomas $105,000 Sgro April L
Mossbarger Paul Thomas $105,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Klause Thomas Lewis $330,000
Closed Klause Thomas Lewis $330,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2024 01/16/24 Sold $630,000 -2.9% --
12/02/2023 12/02/23 Pending -- -- --
11/23/2023 11/23/23 For Sale $649,000 -- --
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 $1,877 $504,590 $115,840 $388,750
2024 $1,804 $115,840 $115,840 $0
2023 $285 $391,030 $115,840 $275,190
2022 $285 $55,200 $55,200 $0
2021 $279 $55,200 $55,200 $0
2020 $265 $55,200 $55,200 $0
2018 $304 $60,750 $60,750 $0
2017 $0 $67,500 $67,500 $0
2016 $294 $67,500 $67,500 $0
2015 $294 $67,500 $67,500 $0
2014 -- $76,160 $76,160 $0
2013 -- $76,160 $76,160 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26035295

APN: 6566927341