NOT LISTED FOR SALE

42 Captains Point Cullowhee, NC 28723

Cullowhee Area
16 Beds
24 Baths
8,320 Sq Ft
2.62 Acre Lot

Sale Details

Date Sold: February 20, 2023

Last sale price $1,148,000 $138 Per Sq Ft

27 Days on Market

Highlights

  • 2.62 Acre Lot
  • Deck
  • No HOA
  • Mountain View
  • Great Room
  • Covered Patio or Porch

About This Home

As of February 2023

Great investment with huge further potential near Western Carolina University. Just 5 minutes to WCU and and 2 minutes to the Jackson County Recreation Complex. Tenant get to enjoy mountain views from their back porch plus walk down to the river. Great floor plan for tenants with 2 bedrooms upstairs that each have their own full bathroom. 8 units, each with large eat-in kitchen, laundry, living room and half bath downstairs. They also boast decks out front and out back. The ideal location attributes to an excellent rental history with 100% occupancy and long term tenants. With acreage that is here, there is a possibility of adding at least 8 more units. To do so you would have to plug into city water and sewer. There are lines put in to a source, but needs engineering approval and DEQ approval before activating. But the current 8 units are on shared well and septic. Owner has full rent roll records and expense records to show. A lot of long term tenants.

Last Agent to Sell the Property

Aaron Kraft

WEICHERT, Realtors - Unlimited Brokerage Email: akraft@weichertunlimited.com License #241085 Listed on: 12/23/2022

WEICHERT, Realtors - Unlimited

Last Buyer's Agent

Matt Bailey

SECU*RE Inc. License #308374

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1998

Lot Details

  • 2.62 Acre Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 8,320 Sq Ft Home
  • Ceiling Fan
  • Great Room
  • Dining Room
  • Mountain Views
  • Crawl Space
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Access to stream, creek or river
  • Deck
  • Covered Patio or Porch

Utilities

  • Heat Pump System
  • Shared Well
  • Electric Water Heater
  • Shared Septic
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 7558-04-8581

Property Details

Home Type

Multi-Family

Year Built

Built in 1998

Lot Details

2.62 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Eightplex
  • Year Built: 1998
  • Road Surface Type: Asphalt, Gravel, Paved
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: akraft@weichertunlimited.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Cable Prewire
  • Room Other: Bathroom(s),Bedroom(s),Dining Room,Great Room,Kitchen,Laundry
  • Appliances: Dishwasher, Electric Water Heater, Refrigerator
  • Owner Pays: Sewer, Trash Collection, Water
  • Full Bathrooms: 16
  • Half Bathrooms: 8
  • Total Bedrooms: 16
  • Living Area: 8320

Exterior Features

  • Exterior Features: Storage
  • New Construction: No
  • Roof: Metal
  • Construction Type: Site Built
  • View: Mountain(s), Year Round
  • Waterfront Features: None
  • Construction Type: Vinyl
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Heat Pump
  • Sewer: Shared Septic, Other - See Remarks
  • Laundry Features: In Kitchen, Main Level
  • Cooling: Ceiling Fan(s), Heat Pump
  • Water Source: Shared Well, Other - See Remarks

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Level, Creek/Stream
  • Lot Size Units: Acres
  • Parcel Number: 7558-04-8581
  • Lot Size Acres: 2.62
  • Lot Size Sq Ft: 114127
  • ResoLotSizeUnits: Acres
  • Zoning Specification: None

Rental Info

  • Tenant Pays: Cable TV, Electricity
  • Pets Allowed: Conditional

Multi Family

  • Number Of Units Total: 8

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2022
Closed on
Feb 20, 2023
Sold by
Bought by
Seller's Agent
Aaron Kraft
WEICHERT, Realtors - Unlimited
Buyer's Agent
Matt Bailey
SECU*RE Inc.
List Price
$1,172,571
Sold Price
$1,148,000
Premium/Discount to List
-$24,571
-2.1%
Views
65

Purchase Details

Closed on
Mar 21, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
0.043%
Mortgage Type
Undefined Multiple Amounts
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,148,000 None Listed On Document
$657,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $625,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/20/2023 02/20/23 Sold $1,148,000 -2.1% $138 / Sq Ft
12/23/2022 12/23/22 For Sale $1,172,571 -- $141 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,458 $910,127 $249,800 $660,327
2024 $2,748 $723,210 $78,600 $644,610
2023 $2,748 $723,210 $78,600 $644,610
2022 $2,748 $723,210 $78,600 $644,610
2021 $2,748 $723,210 $78,600 $644,610
2020 $2,796 $735,810 $67,600 $668,210
2019 $2,796 $735,810 $67,600 $668,210
2018 $2,796 $735,810 $67,600 $668,210
2017 $2,723 $735,810 $67,600 $668,210
2015 $2,274 $735,810 $67,600 $668,210
2011 -- $812,040 $176,850 $635,190
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Aaron Kraft

    WEICHERT, Realtors - Unlimited

    Section Image

  • M

    Buyer's Agent in 2023

    Matt Bailey

    SECU*RE Inc.

    (919) 239-3310

    12 Total Sales

    Matt Bailey
    Section Image
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Map

Source: Canopy MLS

MLS Number: 3930988

Canopy MLS
North Carolina Jackson County Cullowhee 28723

42 Captains Point, Cullowhee, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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