$272,250
SOLD FEB 24, 2025

261 Franks Cove Rd Brevard, NC 28712

2 Beds
2 Baths
1,078 Sq Ft
0.86 Acres

Recently Sold

$253 Per Sq Ft

9% Below List Price

180 Days on Market

Highlights

  • Mountain View
  • Pond
  • Covered patio or porch
  • Deck
  • Wooded Lot
  • 1 Car Attached Garage

About This Home

As of February 2025

Nestled in the Southern mountains of Transylvania County, this picturesque cozy cabin boasts ample outdoor living spaces with sweeping winter views of the Lake Jocasse water shed. Inside you will find an open floor plan with vaulted ceilings flooded with natural light. The primary bedroom is spacious and has access to the covered side porch. Upstairs is a large sleeping loft with adjoining full bathroom and private back deck overlooking large boulders. The Cabin has been a well loved and a cherished gathering space providing peace and tranquility. There is a full unfished basement with one car garage and shop area which provides room for expansion or room for all your toys. This home is located in Round Mountain Subdivision which boast some of the clearest night skies in the region. The Southern boundary of this community backs to Gorges State Park with trails leading to waterfalls. If you are looking for a small cabin fully furnished surrounded by nature schedule your showing today.

Last Agent to Sell the Property

Jason Shepherd

Looking Glass Realty Brokerage Email: jason@lookingglassrealty.com License #278602 Listed on: 07/18/2024

Last Buyer's Agent

Jake Raines

Petit Properties Inc License #C27558

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $845

Year Built

  • Built in 1991

Lot Details

  • Sloped Lot
  • Wooded Lot

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Cabin
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Mountain Views

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Flooring

  • Linoleum
  • Cork

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Pond
  • Deck
  • Covered patio or porch

Utilities

  • Window Unit Cooling System
  • Space Heater
  • Baseboard Heating
  • Heating System Uses Propane
  • Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 8540-13-0545-000

Community Details

Overview

  • Round Mountain Poa
  • Round Mountain Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$845

Year Built

Built in 1991

Lot Details

0

HOA Fees

$33 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cabin
  • Year Built: 1991
  • Restrictions: Deed,Livestock Restriction,Short Term Rental Allowed,Square Feet,Subdivision
  • Road Surface Type: Gravel
  • Unit Levels: One and One Half
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 252.55
  • Geocode Confidence: High
  • Attribution Contact: jason@lookingglassrealty.com
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Fireplace: No
  • Flooring: Carpet, Cork, Linoleum
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 835
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 806
  • Sq Ft Unheated Total: 806
  • Sq Ft Upper: 243
  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Refrigerator, Washer, Washer/Dryer
  • Above Grade Finished Sq Ft: 1078
  • Has Basement: Exterior Entry, Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1078
  • Bedroom Main: 1
  • Room Count: 8

Exterior Features

  • New Construction: No
  • Roof: Metal
  • Construction Type: Site Built
  • View: Mountain(s), Winter
  • Exclusions: propane tank is leased
  • Waterfront Elevation: 1500
  • Construction Type: Wood
  • Patio And Porch Features: Covered, Deck, Front Porch, Side Porch

Garage/Parking

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

Utilities

  • Heating: Baseboard, Propane, Space Heater
  • Sewer: Septic Installed
  • Laundry Features: In Basement
  • Cooling: Window Unit(s)
  • Utilities: Electricity Connected, Phone Connected, Propane
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Picnic Area, Pond
  • Association Fee: 400
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Round Mountain POA
  • ResoAssociationFeeFrequency: Annually
  • Association Email: froghair101@aol.com

Association/Amenities

  • Association Annual Expense: 400.00

Schools

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

Lot Info

  • Lot Features: Sloped, Wooded, Views
  • Lot Size Area: 0.86
  • Lot Size Units: Acres
  • Parcel Number: 8540-13-0545-000
  • Zoning: None
  • Plat Book Slide: 4/ 394
  • Plat Reference Section Pages: 4/ 394
  • ResoLotSizeUnits: Acres
  • Zoning Specification: None

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2024
Closed on
Feb 24, 2025
Sold by
Summers Timothy P and Summers Suzanne B
Bought by
Blake Lance Aaron
Seller's Agent
Jason Shepherd
Looking Glass Realty
Buyer's Agent
Jake Raines
Petit Properties Inc
List Price
$299,000
Sold Price
$272,250
Premium/Discount to List
-$26,750
-8.95%
Views
373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.89%
Original Mortgage
$217,800
Outstanding Balance
$217,254
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$84,357

Purchase Details

Closed on
Nov 19, 2004
Sold by
Arnette Cecil C
Bought by
Summers Timothy P and Summers Suzanne B
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $272,500 None Listed On Document
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $217,800 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2025 07/05/25 Price Changed $349,900 -2.8% $325 / Sq Ft
05/27/2025 05/27/25 For Sale $359,900 +32.2% $334 / Sq Ft
02/24/2025 02/24/25 Sold $272,250 -8.9% $253 / Sq Ft
01/01/2025 01/01/25 For Sale $299,000 +9.8% $277 / Sq Ft
12/31/2024 12/31/24 Off Market $272,250 -- --
11/07/2024 11/07/24 Price Changed $299,000 -5.1% $277 / Sq Ft
11/01/2024 11/01/24 For Sale $315,000 +15.7% $292 / Sq Ft
10/31/2024 10/31/24 Off Market $272,250 -- --
09/06/2024 09/06/24 Price Changed $315,000 -4.3% $292 / Sq Ft
07/18/2024 07/18/24 For Sale $329,000 -- $305 / Sq Ft
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 $845 $128,310 $30,000 $98,310
2023 $845 $128,310 $30,000 $98,310
2022 $845 $128,310 $30,000 $98,310
2021 $838 $128,310 $30,000 $98,310
2020 $820 $117,880 $0 $0
2019 $815 $117,880 $0 $0
2018 $745 $117,880 $0 $0
2017 $739 $117,880 $0 $0
2016 $731 $117,880 $0 $0
2015 $540 $125,700 $24,000 $101,700
2014 $540 $125,700 $24,000 $101,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4160781

Canopy MLS (Canopy Realtor® Association)

APN: 8540-13-0545-000