NOT LISTED FOR SALE

2767 Three Mile Hwy Newland, NC 28657

Estimated Value: $157,000 - $346,000

3 Beds
2 Baths
2,412 Sq Ft
$108/Sq Ft Est. Value

Last Sold February 18, 2021

Last sale price $230,900 $96 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,876/month

7 Days on Market

Highlights

  • Ranch Style House
  • Fire Pit
  • Wood Burning Fireplace
  • Home fronts a stream

About This Home

As of February 2021

Exceptional renovation of this solid home on a very usable 2-acre+ lot. Sellers have put numerous upgrades into this home to make it move-in ready and tastefully updated for the 21st century family. Main level offers two bedrooms, large bath, kitchen, dining area and large living room with wood-burning fireplace. Lower level walkout offers a third bedroom, bonus room, large family room, laundry and another kitchen. Use the lower level as a separate in-law suite or guest quarters. Sellers have regraded the lawn to give the new owners a very usable back yard complete with walking trails into the mature pine grove, established a beautiful campfire setting and highlighted the stream that flows along the back property line. Outbuilding included. This property is conveniently located about 15 minutes from Spruce Pine, 20 minutes from Newland and about 30 minutes from Banner Elk/Linville.

Last Agent to Sell the Property

Bill Aceto

Blue Ridge Realty & Investments License #256377 Listed on: 12/17/2020

Last Buyer's Agent

Nancy Roberts

Nancy Roberts Realty LLC License #C26795

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1959

Lot Details

  • 2.32

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • Wood Burning Fireplace

Outdoor Features

  • Fire Pit
  • Outbuilding

Additional Features

  • Home fronts a stream
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 1812-00-44-6490-00000

Home Details

Home Type

Single Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Ranch
  • Ratio Close Price By List Price: 1.02668
  • Ratio Close Price By Original Li: 1.02668
  • Ratio Current Price By Acre: 99525.86
  • Ratio Current Price By Sq Ft: 95.73
  • Year Built: 1959
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Equipment: Dishwasher, Electric Dryer Hookup, Electric Oven, Electric Range, Microwave
  • Fireplace Description: Wood Burning
  • Fireplace: Yes
  • Laundry Location: Basement
  • Room Count: 2
  • Lower Level Sq Ft: 1206
  • Main Level Sq Ft: 1206
  • Total Sq Ft: 2412

Exterior Features

  • Construction: Brick Partial, Vinyl
  • Construction Type: Site Built
  • Exterior Features: Fire pit, Outbuilding

Garage/Parking

  • Driveway: Concrete
  • Parking: Carport - 1 Car, Driveway

Utilities

  • Heating: Central Air, Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Schools

  • Elementary School: Riverside
  • Middle School: Unspecified
  • High School: Avery County

Lot Info

  • Lot Dimension: 2.32
  • Lot Features: Stream/Creek
  • Lot Size Area: 2.320
  • Parcel Number: 1812-00-44-6490-00000
  • Zoning Specification: r

Tax Info

  • Tax Value: 143600.00
  • Tax Location: Newland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2022
Sold by
Cornwell Hannah Elizabeth
Bought by
Cornwell Samuel Chafin
Current Estimated Value
$335,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Outstanding Balance
$215,582
Interest Rate
1.5%
Mortgage Type
New Conventional
Estimated Equity
$122,129

Purchase Details

Listed on
Dec 17, 2020
Closed on
Feb 16, 2021
Sold by
Investors Resource Management Llc
Bought by
Cornwell Samuel Chafin and Harris Hannah Elizabeth
Seller's Agent
Bill Aceto
Blue Ridge Realty & Investments
Buyer's Agent
Nancy Roberts
Nancy Roberts Realty LLC
List Price
$224,900
Sold Price
$230,900
Premium/Discount to List
$6,000
2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.86%
Original Mortgage
$233,333
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 13, 2019
Closed on
Jul 3, 2019
Sold by
Secretary Of Hsng & Urban Dev Of Wa Dc
Bought by
Investors Resource Management Llc
Seller's Agent
Jason Dale
Hott Property LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$119,000
Sold Price
$67,005
Premium/Discount to List
-$51,995
-43.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
114.62%
Original Mortgage
$50,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 27, 2018
Sold by
Quicken Loans Inc
Bought by
Secretary Of Hud Of Washington Dc

Purchase Details

Closed on
Apr 17, 2018
Sold by
Shook Bynum J and Shook Natalie N
Bought by
Quicken Loans Inc

Purchase Details

Closed on
May 1, 2007
Sold by
Johnson Dudley and Johnson Brandy
Bought by
Russell Kevin G and Russell Maria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
6.12%
Mortgage Type
New Conventional
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
Cornwell Samuel Chafin -- --
Cornwell Samuel Chafin $231,000 None Available
Investors Resource Management Llc -- None Available
Secretary Of Hud Of Washington Dc -- None Available
Quicken Loans Inc $110,200 None Available
Russell Kevin G $122,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cornwell Samuel Chafin $230,000
Previous Owner Cornwell Samuel Chafin $233,333
Previous Owner Investors Resource Management Llc $50,000
Previous Owner Shook Bynum J $149,826
Previous Owner Russell Kevin G $132,150
Previous Owner Russell Kevin G $122,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2021 02/18/21 Sold $230,900 +2.7% $96 / Sq Ft
12/24/2020 12/24/20 Pending -- -- --
12/17/2020 12/17/20 For Sale $224,900 +235.6% $93 / Sq Ft
07/08/2019 07/08/19 Sold $67,005 -38.1% $29 / Sq Ft
06/04/2019 06/04/19 Pending -- -- --
05/08/2019 05/08/19 Price Changed $108,300 -9.0% $47 / Sq Ft
03/13/2019 03/13/19 For Sale $119,000 -23.2% $51 / Sq Ft
08/11/2015 08/11/15 Sold $155,000 0.0% $77 / Sq Ft
07/12/2015 07/12/15 Pending -- -- --
08/06/2013 08/06/13 For Sale $155,000 -- $77 / 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
2023 $468 $117,100 $41,900 $75,200
2022 $468 $117,100 $41,900 $75,200
2021 $790 $143,600 $21,100 $122,500
2020 $790 $143,600 $21,100 $122,500
2019 $790 $143,600 $21,100 $122,500
2018 $790 $143,600 $21,100 $122,500
2017 $593 $107,900 $0 $0
2016 $483 $107,900 $0 $0
2015 $483 $107,900 $21,100 $86,800
2012 -- $132,400 $23,800 $108,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3692131

Canopy MLS (Canopy Realtor® Association)

APN: 1812-00-44-6490-00000