NOT LISTED FOR SALE

2907 Leatherman Gap Rd Franklin, NC 28734

Estimated Value: $424,000 - $482,675

1 Bed
3 Baths
3,350 Sq Ft
$134/Sq Ft Est. Value

Last Sold January 09, 2025

Last sale price $435,000 $130 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,393/month

7 Days on Market

Highlights

  • Barn
  • Custom Home
  • Deck
  • RV Access or Parking
  • Open Floorplan
  • Wood Burning Stove

About This Home

As of January 2025

Charming Retreat in Cowee Valley with frontage on Cowee Creek, Shepherd Creek and its own private pond! Features 3,350 Sq Ft of freshly painted living space with a new roof on 1.47 acres of picturesque and unrestricted land. 1 bedroom, 4 bonus rooms, new pellet stove, quality woodwork and two covered porches that invite you to relax. The main level includes a spacious living, dining, kitchen combo with vaulted ceiling, the main bedroom, bonus room and two bathrooms, one includes a W/D. Ascend to the loft, where you'll find a charming bonus room with vaulted wood ceilings and exposed beams, perfect for an office or guests. The lower level is a versatile space with two additional bonus rooms, full bathroom with W/D hookups, large living room and second kitchen. This area could serve as an in-law suite, guest quarters or income potential. Enjoy peach, pear & plum trees + room to garden! Rustic garage/workshop, 3 car carport & chicken coop. No restrictions, no zoning & no HOA. Prior vacation rental & commercial possibilities. Easy paved access & just 14 min to the lovely town of Franklin. A perfect retreat, rental or full time residence! Search the address on YouTube to see the video!

Last Agent to Sell the Property

Anderson Ernst

RE/MAX Elite Realty Brokerage Phone: 8283494600 License #314580 Listed on: 11/26/2024

RE/MAX Elite Realty

Last Buyer's Agent

Rashaune De La Cruz

Vignette Realty, LLC License #298991

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $670

Year Built

  • Built in 1989

Lot Details

  • 1.47 Acre Lot
  • Home fronts a stream
  • Property fronts a state road
  • Open Lot
  • Partially Wooded Lot

Parking

  • 1 Car Detached Garage
  • 3 Detached Carport Spaces
  • RV Access or Parking

Home Design

  • Custom Home
  • Rustic Architecture
  • Cabin
  • Slab Foundation
  • Metal Roof
  • Wood Siding
  • Block And Beam Construction

Interior Spaces

  • 3,350 Sq Ft Home
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Insulated Windows
  • Window Treatments
  • Insulated Doors
  • Great Room
  • Bonus Room

Kitchen

  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Freezer
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • In-Law or Guest Suite
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Fireplace in Basement
  • Recreation or Family Area in Basement
  • Workshop
  • Finished Basement Bathroom
  • Basement with some natural light

Outdoor Features

  • Deck
  • Outdoor Storage
  • Outbuilding
  • Porch

Farming

  • Barn

Utilities

  • Window Unit Cooling System
  • Zoned Cooling
  • Heating System Uses Wood
  • Heat Pump System
  • Heating System Powered By Owned Propane
  • Shared Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 6598269299

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$670

Year Built

Built in 1989

Lot Details

1.47 Acres

Parking

1

Listing Details

  • Property Sub Type: Cabin,Multi Family,Residential
  • Prop. Type: Residential
  • Lot Size Acres: 1.47
  • Road Frontage Type: State Road
  • Road Surface Type: Paved
  • Ownership: More than One Year
  • Subdivision Name: None
  • Directions: From Franklin, travel North on NC-28/ Bryson City Rd for 5.5 mi. Turn Right onto Cowee Creek Rd for 1.4 mi. Turn Left onto Leatherman Gap Rd and travel 1.4 mi to the property on the Right at 2907 Leatherman Gap Rd. Listing Office signs in place.
  • Architectural Style: Cabin, Custom
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Structure Type: Multi Family
  • Year Built: 1989
  • NAV27_rets_property_type: Residential
  • NAV27_AllowsVacationRentalYN: Yes
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Appliances: Electric Water Heater, Dishwasher, Freezer, Exhaust Fan, Gas Oven/Range, Refrigerator, Washer, Dryer
  • Has Basement: Full, Finished, Daylight, Recreation/Game Room, Workshop, Exterior Entry, Interior Entry, Washer/Dryer Hook-up, Finished Bath
  • Full Bathrooms: 3
  • Total Bedrooms: 1
  • Below Grade Sq Ft: 1280
  • Door Features: Doors-Insulated
  • Fireplace Features: Basement, Wood Burning Stove, Other
  • Fireplace: Yes
  • Flooring: Hardwood, Ceramic Tile, Luxury Vinyl Plank
  • Interior Amenities: Bonus Room, Cathedral/Vaulted Ceiling, Ceiling Fan(s), Great Room, Kitchen Island, Open Floorplan, Pantry, In-Law Floorplan
  • Living Area: 3350
  • Main Level Bathrooms: 2
  • Window Features: Insulated Windows, Window Treatments
  • Master Bedroom Master Bedroom Level: First

Exterior Features

  • Lot Features: Allow RVs, Open Lot, Unrestricted
  • View: No
  • Waterfront Features: Stream/Creek
  • Home Warranty: No
  • Waterfront Elevation: 2100
  • Construction Type: Wood Siding, Block
  • Exterior Features: Rustic Appearance
  • Foundation Details: Slab
  • Other Structures: Apartment Studio, Barn(s), Outbuilding/Workshop, Storage Building/Shed
  • Patio And Porch Features: Deck, Porch
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 3
  • Covered Parking Spaces: 4
  • Garage Spaces: 1
  • Parking Features: Garage-Single Detached, Carport-Triple Detached

Utilities

  • Cooling: Heat Pump, Window Unit(s), Two Zone
  • Cooling Y N: Yes
  • Heating: Wood, Heat Pump, Other
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cell Service Available
  • Water Source: Shared Well
  • Gas Company: Propane Tank: Owned
  • Telephone: Cell Service Available

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Size Sq Ft: 64033.2
  • Parcel #: 6598269299
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 669.8
  • Tax Book Number: U-36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2024
Closed on
Dec 10, 2024
Sold by
Ross Richard H and Pettinato Debra
Bought by
Binnall James E and Binnall Cheryl C
Seller's Agent
Anderson Ernst
RE/MAX Elite Realty
Buyer's Agent
Rashaune De La Cruz
Vignette Realty, LLC
List Price
$449,000
Sold Price
$435,000
Premium/Discount to List
-$14,000
-3.12%
Views
9
Current Estimated Value
$449,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,169
Avg. Annual Appreciation
2.75%
Original Mortgage
$391,500
Outstanding Balance
$388,433
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$60,736
Source: Public Records
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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
Binnall James E $435,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Binnall James E $391,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2025 01/09/25 Sold $435,000 -3.1% $130 / Sq Ft
12/03/2024 12/03/24 Pending -- -- --
11/26/2024 11/26/24 For Sale $449,000 -- $134 / Sq Ft
Source: Carolina Smokies Association of REALTORS®

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 -- $399,640 $76,890 $322,750
2024 $670 $131,590 $76,890 $54,700
2023 $658 $131,590 $76,890 $54,700
2022 $692 $88,820 $46,570 $42,250
2021 $692 $113,520 $46,570 $66,950
2020 $663 $113,520 $46,570 $66,950
2018 $640 $118,620 $41,400 $77,220
2017 -- $118,620 $41,400 $77,220
2016 -- $118,620 $41,400 $77,220
Source: Public Records

Agents Affiliated with this Home

  • Anderson Ernst

    Seller's Agent in 2025

    Anderson Ernst

    RE/MAX

    (828) 371-0157

    87 in this area

    112 Total Sales

    Anderson Ernst
    Section Image
  • Rashaune De La Cruz

    Buyer's Agent in 2025

    Rashaune De La Cruz

    Vignette Realty, LLC

    (828) 421-7436

    197 in this area

    256 Total Sales

    Rashaune De La Cruz
    Section Image
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Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26039382

APN: 6598269299

North Carolina Macon County Franklin 28734

2907 Leatherman Gap Rd, Franklin, NC

Not Listed for Sale

MultiFamily

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