NOT LISTED FOR SALE

2717 Ruby Mine Rd Franklin, NC 28734

Estimated Value: $564,586 - $762,000

3 Beds
3 Baths
1,968 Sq Ft
$344/Sq Ft Est. Value

Last Sold December 18, 2018

Last sale price $350,000 $178 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $3,734/month

122 Days on Market

Highlights

  • Spa
  • Custom Home
  • Open Floorplan
  • RV Access or Parking
  • 3.7 Acre Lot
  • Deck

About This Home

As of December 2018

Investors dream comes true with this beautiful log home and the immediate cash flow!! A proven 8 years of successful vacation rental income. Don't miss out on an investment opportunity or just calling this home yours. Located in desirable Cowee Valley near gem mines and outdoor recreation, but not far from Franklin. Sit on the large covered deck and enjoy the sounds and sights of nature. This is the perfect location if you want peace and tranquility. Home has 3 bedroom and 3 baths, plus two bonus rooms that are currently being used as sleeping areas, it also has a large storage room and game room. Home is in excellent condition and move in ready with furnishings that can be negotiated separate from home purchase. This home makes the perfect vacation rental , private home or get away place in the mountains. Make your appointment to see it today.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,596

Year Built

  • Built in 2003

Lot Details

  • 3.7 Acre Lot
  • Private Lot
  • Partially Wooded Lot

Home Design

  • Custom Home
  • Rustic Architecture
  • Cabin
  • Composition Roof
  • Log Siding

Interior Spaces

  • Open Floorplan
  • Cathedral Ceiling
  • Self Contained Fireplace Unit Or Insert
  • Gas Log Fireplace
  • Insulated Windows
  • Insulated Doors
  • Living Area on First Floor
  • Combination Kitchen and Dining Room
  • Recreation Room
  • Bonus Room
  • Home Security System
  • Washer
  • Property Views

Kitchen

  • Electric Oven or Range
  • Microwave

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Primary bedroom located on second floor
  • 3 Full Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Recreation or Family Area in Basement

Parking

  • No Garage
  • RV Access or Parking

Outdoor Features

  • Spa
  • Deck

Utilities

  • Central Air
  • Heating System Uses Propane
  • Heating System Powered By Leased Propane
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Stream

Listing and Financial Details

  • Assessor Parcel Number 7508217757

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,596

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Sub Type: Cabin,Residential
  • Prop. Type: Residential
  • Lot Size Acres: 3.7
  • Road Surface Type: Gravel, Paved
  • Ownership: Less than One Year
  • Subdivision Name: None
  • Directions: 28 North Turn right onto Cowee Creek Rd. go approx. 1.2 mi and keep straight onto Ruby Mine Rd to a right turn 2717 Ruby Mine Road at the Firemen's Dream sign go straight up the concrete drive to the home.
  • Architectural Style: Custom, Cabin
  • Carport Y N: No
  • Garage Yn: No
  • Year Built: 2003
  • NAV27_rets_property_type: Residential
  • Attribution Contact: 8285240100
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Hot Tub/Spa
  • Private Spa: Yes
  • Appliances: Electric Water Heater, Microwave, Electric Oven/Range, Washer, Refrigerator
  • Has Basement: Full, Exterior Entry, Interior Entry, Recreation/Game Room, Finished
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: Doors-Insulated
  • Fireplace Features: Gas Log, Insert
  • Fireplace: Yes
  • Flooring: Vinyl, Hardwood
  • Interior Amenities: Bonus Room, Cathedral/Vaulted Ceiling, Large Master Bedroom, Rec/Game Room, Kitchen/Dining Room, Main Level Living, Open Floorplan
  • Main Level Bathrooms: 1
  • Window Features: Insulated Windows
  • Room Bedroom2 Level: First
  • Living Room Living Room Level: First
  • Room Bedroom3 Area: 178.12
  • Master Bedroom Master Bedroom Level: Second
  • Room Office Level: Basement
  • Room Office Area: 153.18
  • Room Bedroom2 Area: 274.06
  • Room Living Room Area: 286.16
  • Room Bedroom3 Level: First
  • Room Kitchen Area: 241.38
  • Dining Room Dining Room Level: First
  • Master Bedroom Master Bedroom Width: 22
  • Room Master Bedroom Area: 374

Exterior Features

  • Lot Features: Private, Allow RVs
  • View: View-Winter, View Year Round
  • View: Yes
  • Home Warranty: No
  • Construction Type: Log Siding
  • Exterior Features: Rustic Appearance
  • Patio And Porch Features: Deck
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, None-Carport

Utilities

  • Security: Security System
  • Cooling: Central Electric
  • Cooling Y N: Yes
  • Heating: Electric, Propane
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well
  • Gas Company: Propane Tank: Leased

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Size Sq Ft: 161172
  • Parcel #: 7508217757
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1595.58
  • Tax Book Number: S-33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2018
Closed on
Dec 1, 2018
Sold by
Nix Wallace K and Nix Linda C
Bought by
Schropp Theodore G
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$677,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,647
Avg. Annual Appreciation
10.25%
Original Mortgage
$315,000
Outstanding Balance
$278,076
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$399,571

Purchase Details

Closed on
Aug 27, 2010
Sold by
Duffy Patricia J
Bought by
Carolina First Bank

Purchase Details

Closed on
May 6, 2010
Sold by
Bates Carl T and Bates Janet M
Bought by
Nix Wallace K and Nix Linda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
5.02%
Mortgage Type
New Conventional
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
Schropp Theodore G $350,000 None Available
Carolina First Bank $129,500 --
Nix Wallace K $305,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schropp Theodore G $315,000
Previous Owner Nix Wallace K $274,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2018 12/18/18 Sold $350,000 0.0% $178 / Sq Ft
11/18/2018 11/18/18 Pending -- -- --
07/18/2018 07/18/18 For Sale $350,000 -- $178 / 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 $1,875 $504,400 $60,320 $444,080
2024 $1,875 $504,400 $60,320 $444,080
2023 $1,805 $504,600 $60,320 $444,280
2022 $1,805 $330,100 $53,280 $276,820
2021 $1,805 $330,100 $53,280 $276,820
2020 $1,722 $330,100 $53,280 $276,820
2018 $1,596 $326,710 $47,360 $279,350
2017 $0 $326,710 $47,360 $279,350
2016 $1,596 $326,710 $47,360 $279,350
2015 $1,573 $326,710 $47,360 $279,350
2014 $1,267 $329,300 $46,140 $283,160
2013 -- $329,300 $46,140 $283,160
Source: Public Records

Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26009223

APN: 7508217757

North Carolina Macon County Franklin 28734

2717 Ruby Mine Rd, Franklin, NC

This home is located at 2717 Ruby Mine Rd, Franklin, NC 28734 since 18 July 2018 and is currently estimated at $677,647, approximately $344 per square foot. This property was built in 2003. 2717 Ruby Mine Rd is a home located in Macon County with nearby schools including Iotla Valley Elementary School, Mountain View Intermediate School, and Macon Middle School.

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