NOT LISTED FOR SALE

387 Homestead Dr Vilas, NC 28692

Estimated Value: $839,000 - $1,018,000

3 Beds
3.5 Baths
3,032 Sq Ft
$303/Sq Ft Est. Value

Last Sold February 10, 2014

Last sale price $450,000 $148 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $5,089/month

Highlights

  • 2.41 Acre Lot
  • Mountain View
  • Mountain Architecture
  • Valle Crucis Elementary School Rated A-
  • Wooded Lot
  • Covered Patio or Porch

About This Home

As of February 2014

The superior construction of this immaculate log home is apparent from every angle. The home is very well designed and the spacious and open floor plan affords comfortable one level living. Situated on a large lot, views of the valley and ridges beyond are enjoyed from the spacious upper deck. The great room features a beautiful stone fireplace, vaulted ceilings with tongue & groove planks and a wall of windows letting in abundant light and permitting an enjoyment of the forest and the views from within. Gorgeous walnut floors are used throughout the main level except in the laundry. Two large bedrooms share a bath on level 2. Downstairs, there are 2 spacious rooms and a full bath with a steam shower. The large office, flex room could be easily used as a 4th bedroom. A 2-car garage is also on this level. Wiring is in place for a hot tub on the lower deck. Good storage, spacious closets, and a terrific floor plan make this a perfect first or second home.

Last Agent to Sell the Property

Jan Blair

Premier Sotheby's Int'l Realty Listed on: 03/19/2013

Premier Sotheby's Int'l Realty

Last Buyer's Agent

Chad Vincent

Berkshire Hathaway HomeServices Vincent Properties

Berkshire Hathaway HomeServices Vincent Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,497

Year Built

  • Built in 2007

Lot Details

  • 2.41 Acre Lot
  • Property fronts a private road
  • Southern Exposure
  • Wooded Lot
  • Zoning described as Deed Restrictions

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Basement Garage
  • Shared Driveway

Home Design

  • Mountain Architecture
  • Log Cabin
  • Shingle Roof
  • Asphalt Roof
  • Log Siding
  • Masonry
  • Stone

Interior Spaces

  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Mountain Views
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Kitchen

  • Gas Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Valle Crucis Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Shared Well
  • Gas Water Heater
  • Private Sewer
  • High Speed Internet

Community Details

  • Homestead Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Long Term Rental Allowed
  • Tax Lot 2
  • Assessor Parcel Number 1980494290000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,497

Year Built

Built in 2007

Lot Details

0

HOA Fees

$33 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.41
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Homestead
  • Above Grade Finished Sq Ft: 2093.0
  • Architectural Style: Log Home, Mountain
  • Garage Yn: Yes
  • Year Built: 2007
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Exhaust Fan, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
  • Has Basement: Full, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 939.0
  • Fireplace Features: One, Gas, Stone, Vented, Propane
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 3032.0

Exterior Features

  • Lot Features: Wooded
  • View: Long Range, Mountain(s), Southern Exposure
  • View: Yes
  • Home Warranty: Yes
  • Construction Type: Log, Masonry, Stone
  • Patio And Porch Features: Covered, Multiple, Open
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Basement, Garage, Two Car Garage, Shared Driveway

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Heating: Forced Air, Fireplace(s), Propane
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: High Speed Internet Available
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed
  • Association Fee: 400.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Valle Crucis

Lot Info

  • Parcel #: 1980494290000
  • Zoning Description: Deed Restrictions
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1497.0
  • Tax Book Number: 1255/616
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2018
Sold by
Cote Guy Matthew
Bought by
Pampinella James V and Dillman Joy D
Current Estimated Value
$917,391

Purchase Details

Listed on
Mar 19, 2013
Closed on
Feb 10, 2014
Sold by
Davis Richard M and Mayer Davis Elizabeth J
Bought by
Cote Guy Matthew
Seller's Agent
Jan Blair
Premier Sotheby's Int'l Realty
Buyer's Agent
Chad Vincent
Berkshire Hathaway HomeServices Vincent Properties
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.47%

Purchase Details

Closed on
Jan 22, 2007
Sold by
Overcrash Ronald B and Overcrash Carol E
Bought by
Davis Richard M and Davis Elizabeth J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
6.08%
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
Pampinella James V $465,000 None Available
Cote Guy Matthew $450,000 None Available
Davis Richard M $435,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis Richard M $201,000
Previous Owner Davis Richard M $326,690
Previous Owner Davis Richard M $343,000
Previous Owner Davis Richard M $348,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2014 02/10/14 Sold $450,000 0.0% $148 / Sq Ft
01/11/2014 01/11/14 Pending -- -- --
03/19/2013 03/19/13 For Sale $450,000 -- $148 / Sq Ft
Source: High Country 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 $2,018 $634,600 $70,300 $564,300
2023 $2,415 $634,600 $70,300 $564,300
2022 $2,415 $634,600 $70,300 $564,300
2021 $0 $372,800 $54,100 $318,700
2020 $1,769 $372,800 $54,100 $318,700
2019 $1,769 $372,800 $54,100 $318,700
2018 $1,582 $372,800 $54,100 $318,700
2017 $1,582 $372,800 $54,100 $318,700
2013 -- $388,400 $54,100 $334,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 177298

High Country Association of REALTORS®

APN: 1980-49-4290-000