NOT LISTED FOR SALE

345 McCoy Cove Rd Black Mountain, NC 28711

Estimated Value: $378,000 - $422,253

2 Beds
2 Baths
1,486 Sq Ft
$266/Sq Ft Est. Value

Last Sold April 05, 2023

Last sale price $325,000 $219 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,329/month

17 Days on Market

Highlights

  • Deck
  • Cottage
  • Fireplace
  • Wood Flooring
  • Covered Patio or Porch
  • More Than Two Accessible Exits

About This Home

As of April 2023

Sweet cottage located less than 5 minutes to the heart of Historic downtown Black Mountain and just 15 minutes to Asheville! This rare investment opportunity is a combination of affordability, large lot and location! Enjoy morning coffee watching the sunrise from the covered front porch and the sunset from the huge deck. This almost 80-year old home features a wood stove in the living area and a large kitchen with tons of cabinet space. Almost the entire .3-acre yard is fenced, ,and the property is gently sloping, making it a great yard for pets. Could be a great vacation cottage or rental property!

Last Agent to Sell the Property

Hope Burk

Allen Tate/Beverly-Hanks Freestone Properties License #301637 Listed on: 02/16/2023

Last Buyer's Agent

Kelsey Clark

Keller Williams Mtn Partners, LLC License #324545

Keller Williams Mtn Partners, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,180

Year Built

  • Built in 1946

Lot Details

  • Back and Front Yard Fenced
  • Sloped Lot
  • Property is zoned UR-8

Home Design

  • Cottage
  • Rustic Architecture
  • Cabin
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Accessible Home Design

  • More Than Two Accessible Exits
  • Stepless Entry

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Black Mountain Elementary School
  • Charles D Owen Middle School
  • Charles D Owen High School

Utilities

  • Heat Pump System
  • Heating System Uses Oil
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 0619-78-7349-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,180

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cabin, Cottage, Rustic
  • Year Built: 1946
  • Restrictions: No Restrictions
  • Road Surface Type: Gravel
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 218.71
  • Geocode Confidence: High
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Linoleum, Wood
  • Interior Amenities: Attic Stairs Pulldown
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1086
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 44
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 44
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 400
  • Appliances: Electric Oven, Electric Range, Refrigerator
  • Above Grade Finished Sq Ft: 1486
  • Accessibility Features: Two or More Access Exits, Zero-Grade Entry
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning Stove
  • Living Area: 1486
  • Bedroom Main: 1
  • Room Count: 7

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Back Yard, Front Yard
  • View: Winter
  • Waterfront Elevation: 2000
  • Construction Type: Wood
  • Patio And Porch Features: Covered, Deck, Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Parking Space(s)

Utilities

  • Heating: Electric, Heat Pump, Oil, Wood Stove
  • Sewer: Septic Installed
  • Laundry Features: Laundry Room
  • Cooling: Heat Pump
  • Water Source: City

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Senior Community: No

Schools

  • Middle Or Junior School: Charles D Owen
  • HOA Subject To: None

Lot Info

  • Lot Features: Sloped
  • Lot Size Area: 0.31
  • Lot Size Units: Acres
  • Parcel Number: 0619-78-7349-00000
  • Lot Size: 13,269 sqft
  • ResoLotSizeUnits: Acres
  • Zoning Specification: UR-8

MLS Schools

  • Elementary School: Black Mountain
  • High School: Charles D Owen

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Apr 4, 2023
Sold by
Effler Amanda and Effler Chris
Bought by
Hardy John Zachary Wayn and Zarn Anna Maria
Seller's Agent
Hope Burk
Allen Tate/Beverly-Hanks Freestone Properties
Buyer's Agent
Kelsey Clark
Keller Williams Mtn Partners, LLC
List Price
$325,000
Sold Price
$325,000
Views
83
Current Estimated Value
$394,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,813
Avg. Annual Appreciation
8.41%
Original Mortgage
$285,000
Outstanding Balance
$275,235
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$119,578

Purchase Details

Closed on
Apr 28, 2019
Sold by
Jones Stephanie J
Bought by
Rayburn Patricia G
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
Hardy John Zachary Wayn $325,000 None Listed On Document
Rayburn Patricia G -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hardy John Zachary Wayn $32,800
Open Hardy John Zachary Wayn $285,000
Previous Owner Rayburn Timothy G $115,800
Previous Owner Rayburn Timothy G $10,000
Previous Owner Rayburn Timothy G $125,406
Previous Owner Rayburn Timothy $43,000
Previous Owner Rayburn Timothy $71,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2023 04/05/23 Sold $325,000 0.0% $219 / Sq Ft
02/16/2023 02/16/23 For Sale $325,000 -- $219 / 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 $2,180 $260,000 $37,600 $222,400
2023 $2,180 $237,900 $37,600 $200,300
2022 $1,889 $237,900 $0 $0
2021 $1,889 $237,900 $0 $0
2020 $1,438 $166,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4002957

Canopy MLS (Canopy Realtor® Association)

APN: 0619-78-7349-00000