NOT LISTED FOR SALE

241 Down the Hill Rd Unit 241 Sylva, NC 28779

Estimated Value: $441,604 - $596,000

1.89 Acres
$288,043 Price per Acre
82,328 Sq Ft Lot

Last Sold October 03, 2022

Last sale price $390,000

Est. 43% increase in value since last sale

Current estimated payment $3,631/month

20 Days on Market

Highlights

  • Building Helipad
  • Equestrian Center
  • 1.89 Acre Lot
  • Golf Course Community
  • Fitness Center
  • Mountain View

About This Lot

As of October 2022

Enjoy views to the East, South, AND West! Dramatic 180 degree mountain views with big water sounds. The views are pristine because of extensive conservation land. Close to hiking trail network to Dark Ridge Camp.
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

Harry Redfearn

Balsam Mountain Real Estate Brokerage Email: harry@pmclifestyle.com License #86401 Listed on: 08/03/2022

Last Buyer's Agent

Harry Redfearn

Balsam Mountain Real Estate Brokerage Email: harry@pmclifestyle.com License #86401 Listed on: 08/03/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,520

Lot Details

  • 1.89 Acre Lot
  • Paved or Partially Paved Lot
  • Sloped Lot
  • Wooded Lot
  • Possible uses of the property include Private Estate, Recreational, Residential

HOA Fees

  • $458 Monthly HOA Fees

Property Views

  • Mountain Views

Schools

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

Horse Facilities and Amenities

  • Equestrian Center
  • Riding Trail

Utilities

  • Well Required
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 7672-96-8256
  • Tax Block PH 4

Community Details

Overview

  • Secretary: Tina Jones Association, Phone Number (828) 354-0265
  • Balsam Mountain Preserve Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area
  • Building Helipad
  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Putting Green
  • Trails
  • Access to stream, creek or river

Property Details

Property Type

Land

Est. Annual Taxes

$1,520

Lot Details

0

HOA Fees

$458 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
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Special Assessment Description: NA
  • Proposed Special Assessment Desc: NA
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Attribution Contact: harry@pmclifestyle.com
  • Special Features: None

Interior Features

  • Foundation Details: None
  • Possible Use: Private Estate, Recreational, Residential
  • Room Count: 0

Exterior Features

  • View: Long Range, Mountain(s), Winter, Year Round
  • Waterfront Features: None
  • Waterfront Elevation: 3500
  • Other Structures: None

Utilities

  • Sewer: Septic Needed
  • Security: Security Service
  • Utilities: Underground Power Lines
  • Water Source: Well Needed

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated, Golf, Helipad, Outdoor Pool, Picnic Area, Putting Green, Tennis Court(s), Walking Trails
  • Association Fee: 1375
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Association Name: Secretary: Tina Jones
  • Phone: 828-354-0265
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly
  • Association Email: tjones@balsammountainca.org

Association/Amenities

  • Association Annual Expense: 5500.00

Schools

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

Lot Info

  • Lot Features: Paved, Sloped, Creek/Stream, Wooded, Views
  • Lot Size Area: 1.89
  • Lot Size Units: Acres
  • Parcel Number: 7672-96-8256
  • Zoning: RES
  • Plat Book Slide: 15/640
  • Can Be Subdivided: 0
  • Plat Reference Section Pages: 15/640
  • Horse Amenities: Equestrian Facilities, Riding Trail
  • Lot Size Acres: 1.89
  • Lot Size Sq Ft: 82328
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RES

Green Features

  • Green Verification Count: 1

Tax Info

  • Tax Block: PH 4

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2022
Closed on
Sep 29, 2022
Sold by
Ornelas David R and Ornelas Susan J
Bought by
Shackelford John C and Shackelford Amy S
Seller's Agent
Harry Redfearn
Balsam Mountain Real Estate
Buyer's Agent
Harry Redfearn
Balsam Mountain Real Estate
List Price
$395,000
Sold Price
$390,000
Premium/Discount to List
-$5,000
-1.27%
Views
47
Current Estimated Value
$558,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,870
Avg. Annual Appreciation
14.46%

Purchase Details

Listed on
Aug 3, 2022
Closed on
Sep 27, 2022
Sold by
Bmp Real Estate Holdings Llc
Bought by
Bmp David Southworth Real Estate Holdings Llc
Seller's Agent
Harry Redfearn
Balsam Mountain Real Estate
Buyer's Agent
Harry Redfearn
Balsam Mountain Real Estate
List Price
$395,000
Sold Price
$390,000
Premium/Discount to List
-$5,000
-1.27%
Views
47

Purchase Details

Listed on
Oct 26, 2021
Closed on
Dec 1, 2021
Sold by
Alex Tuten John and Alex Anne
Bought by
Ornelas David R and Ornelas Susan J
Seller's Agent
Harry Redfearn
Balsam Mountain Real Estate
Buyer's Agent
Harry Redfearn
Balsam Mountain Real Estate
List Price
$312,500
Sold Price
$312,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.02%

Purchase Details

Closed on
Aug 21, 2015
Sold by
Morgan James H and Morgan Vanita B
Bought by
Tuten John Alex

Purchase Details

Closed on
Nov 21, 2006
Sold by
Balsam Mountain Preserva Llc
Bought by
Morgan James H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,250
Interest Rate
6.31%
Mortgage Type
Unknown
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
Shackelford John C $390,000 --
Bmp David Southworth Real Estate Holdings Llc $8,766,500 --
Ornelas David R $312,500 James Weaver Kirkpatrick Iii P
Tuten John Alex $195,000 None Available
Morgan James H $470,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morgan James H $470,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2022 10/03/22 Sold $390,000 -1.3% --
08/03/2022 08/03/22 For Sale $395,000 +26.4% --
12/07/2021 12/07/21 Sold $312,500 0.0% --
10/26/2021 10/26/21 Pending -- -- --
10/26/2021 10/26/21 For Sale $312,500 -- --
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 $1,520 $400,000 $400,000 $0
2024 $760 $200,000 $200,000 $0
2023 $760 $200,000 $200,000 $0
2022 $760 $200,000 $200,000 $0
2021 $760 $200,000 $200,000 $0
2020 $760 $200,000 $200,000 $0
2019 $760 $200,000 $200,000 $0
2018 $760 $200,000 $200,000 $0
2017 $740 $200,000 $200,000 $0
2015 $1,400 $200,000 $200,000 $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: 3890975

Canopy MLS (Canopy Realtor® Association)

APN: 7672-96-8256