NOT LISTED FOR SALE

46 Peggy Ridge Rd Balsam Grove, NC 28708

Estimated Value: $289,000 - $516,000

2 Beds
2.5 Baths
1,583 Sq Ft
$264/Sq Ft Est. Value

Last Sold November 22, 2024

Last sale price $506,250 $320 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $2,362/month

196 Days on Market

Highlights

  • Guest House
  • Hilly Lot
  • Wooded Lot
  • Deck
  • Private Lot
  • Wood Flooring

About This Home

As of November 2024

If you've been looking for that perfect fishing retreat in the mountains, you're going to want to reel this one in! 3 unrestricted parcels totaling over 5 acres and offering over 430ft of frontage on the North Fork of the French Broad River. Imagine walking from your front door to your own private river access and fly fishing every day! This unique property offers a spacious main cabin and a caretaker cabin. Whether you want a private retreat for your own enjoyment or want to turn this property into an income producing rental portfolio, the potential is here......all that's missing is you. All of this with easy access to all the local highlights. Pisgah National Forest adventures, the scenic Blue Ridge Parkway and quaint downtown Brevard are all easily accessible from Peggy Ridge. House has been heated by gas logs for years with no issues, but the seller is offering a $10,000 credit for the installation of a mini split to modernize this rustic retreat. Must see to appreciate!

Last Agent to Sell the Property

Spencer Blevins

BluAxis Realty Brokerage Email: spencer@bluaxis.com License #296744 Listed on: 03/01/2024

Last Buyer's Agent

Graham Wilson

RE/MAX Land of the Waterfalls License #336364

RE/MAX Land of the Waterfalls

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,657

Year Built

  • Built in 1964

Lot Details

  • Private Lot
  • Level Lot
  • Open Lot
  • Hilly Lot
  • Cleared Lot
  • Wooded Lot

Parking

  • Driveway

Home Design

  • Cabin
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • Crawl Space

Kitchen

  • Electric Oven
  • Microwave
  • Freezer

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

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

Additional Homes

  • Guest House

Utilities

  • Heating System Uses Propane
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 8545-58-0810-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,657

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cabin
  • Year Built: 1964
  • Restrictions: No Restrictions
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Second Living Quarters: Guest House
  • Road Surface Type: Gravel
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: spencer@bluaxis.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 0
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 1094
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 1656
  • Sq Ft Unheated Upper: 562
  • Sq Ft Upper: 0
  • Appliances: Dryer, Electric Oven, Electric Water Heater, Freezer, Microwave, Refrigerator, Washer, Washer/Dryer
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Living Room
  • Bedroom Main: 1
  • Room Count: 10
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • New Construction: No
  • Roof: Metal
  • Construction Type: Site Built
  • Waterfront Features: None
  • Waterfront Elevation: 2500
  • Construction Type: Wood
  • Other Structures: Outbuilding
  • Patio And Porch Features: Covered, Deck, Front Porch, Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Propane, Other - See Remarks
  • Sewer: Septic Installed
  • Laundry Features: Laundry Room, Main Level
  • Cooling: None
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: None
  • Hoa Subject To Dues: No
  • Senior Community: No

Schools

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

Lot Info

  • Lot Features: Cleared, Hilly, Level, Open Lot, Private, Creek/Stream, Wooded
  • Lot Size Area: 5.2
  • Lot Size Units: Acres
  • Parcel Number: 8545-58-0810-000
  • Development Status: Completed
  • Horse Amenities: None
  • Additional Parcels Description: 8545-48-8672-000, 8545-49-7091-000
  • ResoLotSizeUnits: Acres
  • Zoning Specification: none

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2024
Closed on
Oct 23, 2024
Sold by
King Guy Properties Llc
Bought by
Ward Elijah and Bibby Ward Jennifer
Seller's Agent
Spencer Blevins
BluAxis Realty
Buyer's Agent
Graham Wilson
RE/MAX Land of the Waterfalls
List Price
$519,000
Sold Price
$506,250
Premium/Discount to List
-$12,750
-2.46%
Views
75
Current Estimated Value
$417,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$88,769
Avg. Annual Appreciation
-20.95%

Purchase Details

Listed on
Jun 23, 2014
Closed on
Aug 5, 2014
Sold by
Brewer Clifford James and Brewer Paula Jean
Bought by
King Guy Properties Llc
Seller's Agent
Robert Clay
Looking Glass Realty
Buyer's Agent
Bill Martin
Howard Hanna Beverly-Hanks Brevard Downtown
List Price
$215,000
Sold Price
$199,999
Premium/Discount to List
-$15,001
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.43%

Purchase Details

Closed on
Sep 26, 2011
Sold by
Harrell Bobby J and Harrell Brenda G
Bought by
Brewer Clifford James and Brewer Paula Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
4.2%
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
Ward Elijah $506,500 None Listed On Document
Ward Elijah $506,500 None Listed On Document
Ward Elijah $506,500 None Listed On Document
King Guy Properties Llc $200,000 Chicago Title Ins Co
Brewer Clifford James $180,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brewer Clifford James $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2024 11/22/24 Sold $506,250 -2.5% $320 / Sq Ft
09/13/2024 09/13/24 For Sale $519,000 +2.5% $328 / Sq Ft
08/31/2024 08/31/24 Off Market $506,250 -- --
07/22/2024 07/22/24 Price Changed $519,000 -3.9% $328 / Sq Ft
03/01/2024 03/01/24 For Sale $539,900 +170.0% $341 / Sq Ft
08/05/2014 08/05/14 Sold $199,999 -7.0% $126 / Sq Ft
07/31/2014 07/31/14 Pending -- -- --
06/23/2014 06/23/14 For Sale $215,000 -- $136 / 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
2025 $1,657 $344,900 $30,000 $314,900
2024 $1,166 $177,130 $30,000 $147,130
2023 $1,166 $177,130 $30,000 $147,130
2022 $1,166 $177,130 $30,000 $147,130
2021 $1,157 $177,130 $30,000 $147,130
2020 $1,161 $166,860 $0 $0
2019 $1,153 $166,860 $0 $0
2018 $1,039 $166,860 $0 $0
2017 $1,036 $166,860 $0 $0
2016 $1,034 $166,860 $0 $0
2015 -- $123,660 $30,000 $93,660
2014 -- $123,660 $30,000 $93,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4113793

Canopy MLS (Canopy Realtor® Association)

APN: 8545-58-0810-000