NOT LISTED FOR SALE

2285 Lakey Creek Rd Franklin, NC 28734

Estimated Value: $986,000 - $1,910,835

1 Bed
1 Bath
714 Sq Ft
$1,815/Sq Ft Est. Value

Last Sold September 08, 2022

Last sale price $799,000 $1,119 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $6,952/month

45 Days on Market

Highlights

  • Barn
  • 74 Acre Lot
  • Hilly Lot
  • Horses Allowed On Property
  • Deck
  • Private Lot

About This Home

As of September 2022

This unique opportunity to buy 70 plus acres of paradise! Boasting three streams, 3800 FT elevation at the highest peak, adjoining a large US Forest service track. Relax and unwind sitting on your front porch listening to the near by rushing creek. Travel back in time to the 1920s in your fully remodeled farmhouse. The farmhouse features a three-sided covered porch with a large stone fireplace. Inside includes hardwood floors, commercial, cook stove and gas log fireplace. There is a barn dominium on the property that could be converted into an incredible home. It has great potential and could have several bedrooms, large living, dining and workout area. There is also a 1920s Chestnut bunkhouse on the property that has been redone beautifully while maintaining the authenticity of it. This property would be perfect for a resort retreat, vacation rental or permanent living. There is an additional 5 bedroom septic permit for a proposed house site on property (valid until 2023).

Last Agent to Sell the Property

Johnny Ensley

Yellow Rose Real Estate LLC Brokerage Phone: 8284882797 License #158878 Listed on: 06/15/2022

Last Buyer's Agent

Board Member Non

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,049

Year Built

  • Built in 1925

Lot Details

  • 74 Acre Lot
  • Property fronts a state road
  • Dirt Road
  • Private Lot
  • Level Lot
  • Hilly Lot
  • Partially Wooded Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Farmhouse Style Home
  • Rustic Architecture
  • Cabin
  • Metal Roof
  • Wood Siding

Interior Spaces

  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Stone Fireplace
  • Insulated Windows
  • Living Area on First Floor
  • Wood Flooring
  • Crawl Space
  • Property Views

Kitchen

  • Country Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Main Floor Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Outdoor Storage
  • Outbuilding
  • Porch

Farming

  • Barn
  • Timber

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Heating System Powered By Leased Propane
  • Spring water is a source of water for the property
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Stream

Listing and Financial Details

  • Assessor Parcel Number 6579882042

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,049

Year Built

Built in 1925

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Cabin,Residential
  • Prop. Type: Residential
  • Horses: Yes
  • Lot Size Acres: 74
  • Road Frontage Type: State Road
  • Road Surface Type: Gravel, Dirt
  • Ownership: More than One Year
  • Directions: Hwy 28s to Oak Grove Church Rd. turn on to Lakey Creek Road drive 1.6 miles miles. Road turns to gravel drive .06 miles property will on your right
  • Architectural Style: Farm House, Cabin
  • Carport Y N: No
  • Garage Yn: Yes
  • Year Built: 1925
  • Kitchen Level: First
  • NAV27_rets_property_type: Residential
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Gas Oven/Range, Dishwasher, Refrigerator, Microwave
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Wood Burning, Gas Log, Stone
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Main Level Living, Country Kitchen, Primary on Main Level
  • Window Features: Insulated Windows
  • Room Bedroom2 Level: First
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: First

Exterior Features

  • Lot Features: Adjoins USFS, Private, Suitable for Horses, Hilly/Steep, Timber/Tree Farm, Level Yard, Rolling, Unrestricted, Wooded
  • View: View Year Round, Short Range View, View-Winter
  • View: Yes
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Exterior Features: Rustic Appearance
  • Other Structures: Storage Building/Shed, Barn(s), Outbuilding/Workshop
  • Patio And Porch Features: Porch, Deck
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Parking Features: Garage-Single Detached, Garage-Double Detached

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Electric, Propane
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Spring
  • Gas Company: Propane Tank: Leased

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Size Sq Ft: 3223440
  • Parcel #: 6579882042
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2048.95
  • Tax Book Number: I-39

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Sep 6, 2022
Sold by
William Rinehart Jr James and William Ann Kristen
Bought by
Out Of Reach Llc
Seller's Agent
Johnny Ensley
Yellow Rose Real Estate LLC
Buyer's Agent
Board Member Non
List Price
$799,000
Sold Price
$799,000
Current Estimated Value
$1,295,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$496,612
Avg. Annual Appreciation
16.64%

Purchase Details

Closed on
Sep 18, 2019
Sold by
Rinehart James William and Birkmayer Kristen Ann
Bought by
Rinehart James William and Birkmayer Kristen Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 1997
Sold by
Mead John and Mead Patricia
Bought by
Mead, John Logan Trust
Source: Public Records

Range of Values:

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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
Out Of Reach Llc $799,000 --
Out Of Reach Llc $799,000 None Listed On Document
Rinehart James William -- None Available
Mead, John Logan Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rinehart James William $283,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2022 09/08/22 Sold $799,000 0.0% $1,119 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
06/16/2022 06/16/22 For Sale $799,000 +185.5% $1,119 / Sq Ft
04/26/2018 04/26/18 Sold $279,900 0.0% $392 / Sq Ft View Prior Sale
03/27/2018 03/27/18 Pending -- -- --
10/20/2017 10/20/17 For Sale $279,900 -- $392 / 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 -- $1,371,920 $608,040 $763,880
2024 -- $1,371,920 $608,040 $763,880
2023 $2,049 $734,960 $608,040 $126,920
2022 $2,049 $303,670 $253,080 $50,590
2021 $2,049 $377,470 $253,080 $124,390
2020 $1,483 $377,470 $253,080 $124,390
2018 $1,774 $365,460 $333,000 $32,460
2017 $824 $365,460 $333,000 $32,460
2016 $1,774 $365,460 $333,000 $32,460
2015 $1,751 $365,460 $333,000 $32,460
2014 $2,045 $543,470 $519,160 $24,310
2013 -- $543,470 $519,160 $24,310
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Johnny Ensley

    Yellow Rose Real Estate LLC

    (828) 736-8797

    1 in this area

    35 Total Sales

    Johnny Ensley
    Section Image

  • B

    Buyer's Agent in 2022

    Board Member Non

  • Becky Ramey

    Seller's Agent in 2018

    Becky Ramey

    RE/MAX

    (828) 421-2357

    150 in this area

    167 Total Sales

    Becky Ramey
    Section Image
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Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26025612

APN: 6579882042

North Carolina Macon County Franklin 28734

2285 Lakey Creek Rd, Franklin, NC

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