NOT LISTED FOR SALE

2488 Meadow Fork Rd Hot Springs, NC 28743

Estimated Value: $542,000 - $733,077

40.45 Acres
$15,761 Price per Acre
1,762,002 Sq Ft Lot

Last Sold June 09, 2022

Last sale price $270,000

Est. 136% increase in value since last sale

Current estimated payment $3,585/month

49 Days on Market

Highlights

  • Private Lot
  • Wooded Lot
  • Spring water is a source of water for the property
  • Madison Middle School Rated A-
  • Trails
  • High Speed Internet

About This Lot

As of June 2022

40+ acres adjoining National Forest with two creeks and springs. Property was once an old mountain farm but now grown back with trees but with some open meadows. Lots of possibilities with re-clearing some of the land. Privacy yet with paved access. Mountain views and several nice homesites for your mountain retreat! Lots of native wildflowers, meadows, trees and wildlife! Great trout fishing on adjoining Meadow Fork Creek which is a state stock trout stream. Driveway into property. Power and phone on property and fiber internet is being installed now. Near Max Patch and the Appalachian Trail. A very special National Forest retreat property!

Last Agent to Sell the Property

Cynthia Dubose

Mountain Home Properties License #182571 Listed on: 04/21/2022

Co-Listed By

Steve Dubose

Mountain Home Properties License #133443

Last Buyer's Agent

Steve Dubose

Mountain Home Properties License #133443

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,456

Lot Details

  • Property fronts a state road
  • Private Lot
  • Paved or Partially Paved Lot
  • Wooded Lot
  • Possible uses of the property include Private Estate, Recreational/2nd House, Residential
  • Property is zoned RA, R-A

Schools

  • Hot Springs Elementary School
  • Madison Middle School
  • Madison High School

Utilities

  • Spring water is a source of water for the property
  • Well Required
  • Septic Needed
  • High Speed Internet

Community Details

  • Trails
  • Access to stream, creek or river

Listing and Financial Details

  • Assessor Parcel Number 8747-65-1598

Property Details

Property Type

Land

Est. Annual Taxes

$2,456

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Habitable Residence Yn: No
  • Ratio Current Price By Acre: 6674.91
  • Restrictions: No Restrictions
  • Special Assessment Yn: 0
  • Road Frontage Type: Paved Road, State Road
  • Structure Type: Acreage
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • Foundation Details: None
  • Fixture Exception Yn: 0
  • Possible Use: Private Estate, Recreational/2nd House, Residential

Exterior Features

  • Exterior Features: Wired Internet Available
  • Tax Location: Madison
  • Waterfront Features: None
  • Waterfront Elevation: 2000

Utilities

  • Sewer: Septic Needed, None
  • Utilities: Electricity Available, Fiber Optics, Telephone On-Site
  • Water Source: Spring, Well Needed

Condo/Co-op/Association

  • Community Features: Walking Trails
  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Madison
  • HOA Subject To: None

Lot Info

  • Lot Features: Adjoins Forest, Mountain View, Paved, Private, Creek/Stream, Wooded, Year Round View
  • Lot Size Area: 40.45
  • Lot Size Units: Acres
  • Parcel Number: 8747-65-1598
  • Out Buildings Yn: 0
  • Can Be Subdivided: 1
  • Zoning Description: R-A

Tax Info

  • RATIO List Price By Tax Amount: 1.47497

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Hot Springs
  • High School: Madison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2022
Closed on
Jun 1, 2022
Sold by
Gahagan Thomas J and Gahagan Rebecca
Bought by
House Timothy Ray
Seller's Agent
Cynthia Dubose
Mountain Home Properties
Buyer's Agent
Steve Dubose
Mountain Home Properties
List Price
$278,000
Sold Price
$270,000
Premium/Discount to List
-$8,000
-2.88%
Current Estimated Value
$637,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$367,539
Avg. Annual Appreciation
29.34%

Purchase Details

Closed on
May 31, 2007
Sold by
Payne Johnny and Payne Bertha Ann
Bought by
Gahagan Thomas J and Gahagan Patricia A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
House Timothy Ray $270,000 Wilder Wadford Pa
Gahagan Thomas J $95,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2022 06/09/22 Sold $270,000 -2.9% --
04/21/2022 04/21/22 For Sale $278,000 -- --
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
2024 $2,456 $569,084 $279,913 $289,171
2023 $1,018 $188,479 $188,479 $0
2022 $1,018 $188,479 $188,479 $0
2021 $1,018 $188,479 $188,479 $0
2020 $1,018 $188,479 $188,479 $0
2019 $1,003 $172,912 $172,912 $0
2018 $951 $0 $0 $0
2017 $934 $0 $0 $0
2016 $934 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $172,912 $172,912 $0
2013 -- $172,912 $172,912 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3850268

Canopy MLS (Canopy Realtor® Association)

APN: 8747-65-1598