NOT LISTED FOR SALE

282 Searcy Mountain Rd Cullowhee, NC 28723

Estimated Value: $249,000 - $353,000

4 Beds
2 Baths
1,568 Sq Ft
$201/Sq Ft Est. Value

Last Sold June 20, 2016

Last sale price $107,000 $68 Per Sq Ft

Est. 195% increase in value since last sale

Current estimated payment $1,794/month

64 Days on Market

Highlights

  • Open Floorplan
  • Partially Wooded Lot
  • No HOA
  • Deck
  • Living Area on First Floor
  • Cooling Available

About This Home

As of June 2016

MULTIFAMILY- 2-2BR,1BA apartments. One level living! This DUPLEX is located close to WCU campus in Cullowhee. Enjoy the feeling of single-family living while you live in one side and rent out the other. Wonderful 180 degree wintertime Mountain View! Private. Great investment property. New deck. New heat pump units in both apartments. New Bathroom vanity. New ceiling in both baths. New laminate flooring in apt. 2. Architectural Shingles. Roof is about 3 years old. 2 Small Rubbermaid storage sheds for lawn equipment. Parking for 4 vehicles. Excellent investment opportunity. Great student housing. Call our office for your private showing today!

Last Agent to Sell the Property

Patricia Stanberry

Apple Realty, LLC Brokerage Phone: 8285067229 License #189427 Listed on: 03/12/2016

Last Buyer's Agent

Patricia Stanberry

Apple Realty, LLC Brokerage Phone: 8285067229 License #189427 Listed on: 03/12/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $252

Year Built

  • Built in 1968

Lot Details

  • 1.29 Acre Lot
  • Partially Wooded Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1,568 Sq Ft Home
  • Open Floorplan
  • Insulated Doors
  • Living Area on First Floor
  • Gas Oven or Range
  • Property Views

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Outdoor Storage

Utilities

  • Cooling Available
  • Heat Pump System
  • Baseboard Heating
  • Shared Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 7559398292

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$252

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family,Residential
  • Prop. Type: Residential
  • Lot Size Acres: 1.29
  • Road Surface Type: Paved
  • Ownership: More than One Year
  • Subdivision Name: None
  • Directions: From Hwy 107 headed south, turn LEFT onto OLD CULLOWHEE ROAD. Just past Weyehutta Road, turn RIGHT at the bridge and turn RIGHT onto MONTEITH GAP road. Go RIGHT onto LEDBETTER ROAD. Then take a RIGHT onto SEARCY MOUNTAIN ROAD. (one lane paved and no state sign is at this road). DUPLEX IS ON YOUR RIGHT AT THE SMALL WELL HOUSE.
  • Carport Y N: No
  • Garage Yn: No
  • Structure Type: Multi Family
  • Year Built: 1968
  • NAV27_rets_property_type: Residential
  • Attribution Contact: 8285067229
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Appliances: Electric Water Heater, Gas Oven/Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Doors-Insulated/Storm
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Vinyl, Laminate
  • Interior Amenities: Open Floorplan, Living/Dining Room, Main Level Living
  • Living Area: 1568
  • Window Features: Windows-Storm None

Exterior Features

  • Lot Features: Unrestricted
  • View: View-Winter, Long Range View
  • View: Yes
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Storage Building/Shed
  • Patio And Porch Features: Deck
  • Roof: Other

Garage/Parking

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

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Baseboard, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Shared Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Size Sq Ft: 56192.4
  • Parcel #: 7559398292
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 252.45
  • Tax Book Number: 2043

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2016
Closed on
Jun 17, 2016
Sold by
Sawyer James Dewey and Johnson Sawyer Alyson P
Bought by
Peoples Enterprises Llc
Seller's Agent
Patricia Stanberry
Apple Realty, LLC
Buyer's Agent
Patricia Stanberry
Apple Realty, LLC
List Price
$107,000
Sold Price
$107,000
Current Estimated Value
$315,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,237
Avg. Annual Appreciation
12.67%
Original Mortgage
$90,000
Outstanding Balance
$72,808
Interest Rate
3.58%
Mortgage Type
Commercial
Estimated Equity
$242,429

Purchase Details

Listed on
May 19, 2014
Closed on
Aug 1, 2014
Sold by
Tensi Stephen M and Tensi Ruth Ann
Bought by
Sawyer James Dewey and Johnson Sawyer Alyson P
Seller's Agent
Jayne Buchanan
Jackson County Realty, Inc.
Buyer's Agent
Non Member
Canopy Administration
List Price
$89,900
Sold Price
$89,000
Premium/Discount to List
-$900
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.24%
Original Mortgage
$79,200
Interest Rate
4.16%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Peoples Enterprises Llc -- Attorney
Sawyer James Dewey $86,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peoples Enterprises Llc $90,000
Closed Peoples Enterprises Llc $90,000
Previous Owner Sawyer James Dewey $79,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2016 06/20/16 Sold $107,000 0.0% $68 / Sq Ft
05/21/2016 05/21/16 Pending -- -- --
03/17/2016 03/17/16 For Sale $107,000 +20.2% $68 / Sq Ft
08/01/2014 08/01/14 Sold $89,000 -1.0% --
07/02/2014 07/02/14 Pending -- -- --
05/19/2014 05/19/14 For Sale $89,900 -- --
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
2024 $635 $167,020 $47,860 $119,160
2023 $885 $167,020 $47,860 $119,160
2022 $881 $166,090 $47,860 $118,230
2021 $631 $166,090 $47,860 $118,230
2020 $511 $90,160 $30,030 $60,130
2019 $511 $90,160 $30,030 $60,130
2018 $511 $90,160 $30,030 $60,130
2017 $502 $90,160 $30,030 $60,130
2015 $408 $90,160 $30,030 $60,130
2011 -- $115,600 $34,030 $81,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26001188

APN: 7559-39-8292