$782,225
SOLD OCT 21, 2025

478 Gregory Rd Franklin, NC 28734

3 Beds
3.5 Baths
842 Sq Ft
14 Acres

Recently Sold

$929 Per Sq Ft

1% Below List Price

2 Days on Market

Highlights

  • Horses Allowed On Property
  • RV Access or Parking
  • Open Floorplan
  • Spa
  • 14 Acre Lot
  • Deck

About This Home

As of October 2025

Back Up contracts be accepted. Nestled on 14 acres of gently rolling pasture with a tranquil creek and breathtaking year-round mountain views, this well-maintained 3-bedroom, 3.5-bath home offers the perfect blend of comfort, space, and versatility. The main level features a spacious living room with soaring ceilings and a cozy wood-burning fireplace, a well-appointed kitchen with newer appliances, and a charming breakfast nook that captures the stunning views. Step out onto the large deck to enjoy peaceful mornings or entertain under the open sky. Upstairs, you'll find three bedrooms including a generous primary suite with a private bath and walk-in closet. The lower level, formerly used as a professional office with a reception area and waiting room, offers endless possibilities—ideal for a home office, family room, or in-law suite. The land itself is a true gem, with open pasture perfect for horses or future development, and a second well already in place should you wish to build an additional home. Located just 10 minutes from town, this property combines rural serenity with convenient access to amenities.

Last Agent to Sell the Property

John Evans

Re/Max Elite Realty Brokerage Phone: 8283494600 License #280456 Listed on: 09/04/2025

Re/Max Elite Realty

Last Buyer's Agent

Lytisha Shuler

Keller Williams - Great Smokies - Bc License #233948

Keller Williams - Great Smokies - Bc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,134

Year Built

  • Built in 1996

Lot Details

  • 14 Acre Lot
  • Home fronts a stream
  • Property fronts a state road
  • Private Lot
  • Level Lot
  • Open Lot

Home Design

  • Traditional Architecture
  • Rustic Architecture
  • Metal Roof
  • Wood Siding

Interior Spaces

  • Open Floorplan
  • Furnished or left unfurnished upon request
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Insulated Windows
  • Insulated Doors
  • Combination Kitchen and Dining Room
  • Bonus Room
  • Workshop
  • Sun or Florida Room
  • Valley Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Room
  • Breakfast Bar
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Spa Bath

Laundry

  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Workshop
  • Laundry in Basement

Parking

  • No Garage
  • RV Access or Parking

Outdoor Features

  • Spa
  • Deck

Utilities

  • Central Air
  • Heating System Uses Wood
  • Heating System Powered By Leased Propane
  • Well
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Pasture
  • Horses Allowed On Property

Community Details

  • No Home Owners Association
  • Stream

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 7506647142

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,134

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Horses: Yes
  • Lot Size Acres: 14
  • Road Frontage Type: State Road
  • Ownership: More than One Year
  • Subdivision Name: None
  • Directions: From Hwy 23 Sylva road turn onto Rabbit Creek, take left on to Gregory Rd, go just about a half mile to 478 on the left, go up gravel rd. to the house. There is a turnaround at the top
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Year Built: 1996
  • Kitchen Level: First
  • NAV27_rets_property_type: Residential
  • NAV27_AllowsVacationRentalYN: Yes
  • Special Features: None

Interior Features

  • Furnished: Negotiable
  • Spa Features: Bath
  • Private Spa: Yes
  • Appliances: Electric Water Heater, Dishwasher, Exhaust Fan, Microwave, Gas Oven/Range, Refrigerator, Washer, Dryer
  • Has Basement: Full, Finished, Heated, Workshop, Exterior Entry, Interior Entry, Washer/Dryer Hook-up
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Doors-Insulated
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl, Hardwood
  • Interior Amenities: Bonus Room, Breakfast Bar, Breakfast Room, Cathedral/Vaulted Ceiling, Ceiling Fan(s), Kitchen Island, Kitchen/Dining Room, Large Master Bedroom, Primary w/Ensuite, Open Floorplan, Pantry, Sunroom, Walk-In Closet(s), Workshop
  • Main Level Bathrooms: 1
  • Window Features: Insulated Windows
  • Room Bedroom2 Level: Second
  • Living Room Living Room Level: First
  • Room Family Room Level: Basement
  • Room Bedroom3 Area: 144.72
  • Master Bedroom Master Bedroom Level: Second
  • Room Office Level: First
  • Room Office Area: 170.24
  • Room Bedroom2 Area: 266.96
  • Room Living Room Area: 362.7
  • Room Bedroom3 Level: Second
  • Room Kitchen Area: 199.8
  • Dining Room Dining Room Level: First
  • Master Bedroom Master Bedroom Width: 14.1
  • Room Master Bedroom Area: 217.14
  • Room Dining Room Area: 100
  • Room Family Room Area: 250.47

Exterior Features

  • Lot Features: Allow RVs, Level Yard, Open Lot, Pasture, Private, Rolling, Suitable for Horses
  • View: Short Range View, Valley, View Year Round
  • View: Yes
  • Waterfront Features: Stream/Creek
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Exterior Features: Rustic Appearance
  • Patio And Porch Features: Deck
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, None-Carport

Utilities

  • Laundry Features: In Basement
  • Security: Smoke Detector(s)
  • Cooling: Central Electric
  • Cooling Y N: Yes
  • Heating: Electric, Wood
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cell Service Available
  • Water Source: Well
  • Gas Company: Propane Tank: Leased
  • Telephone: Cell Service Available

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Size Sq Ft: 609840
  • Parcel #: 7506647142

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2134.5
  • Tax Book Number: V-24,H-40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2025
Closed on
Oct 15, 2025
Sold by
Wyatt Charles L and Wyatt Martha R
Bought by
Ryan I Herbst Family Trust and Herbst
Seller's Agent
John Evans
Re/Max Elite Realty
Buyer's Agent
Lytisha Shuler
Keller Williams - Great Smokies - Bc
List Price
$790,000
Sold Price
$782,225
Premium/Discount to List
-$7,775
-0.98%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-49.02%
Original Mortgage
$440,000
Outstanding Balance
$440,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$262,293

Purchase Details

Closed on
Feb 24, 2006
Sold by
Dodge N P
Bought by
Wyatt Charles L and Wyatt Martha R

Purchase Details

Closed on
Jun 28, 2001
Sold by
Childress John F
Bought by
Wyatt Charles L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $782,500 None Listed On Document
Warranty Deed $143,000 None Available
Deed $220,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $440,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2025 10/21/25 Sold $782,225 -1.0% $929 / Sq Ft
09/06/2025 09/06/25 Pending -- -- --
09/05/2025 09/05/25 For Sale $790,000 +1.0% $938 / Sq Ft
09/04/2025 09/04/25 Off Market $782,225 -- --
09/04/2025 09/04/25 For Sale $790,000 -- $938 / Sq Ft
Source: Carolina Smokies 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
2025 $1,655 $448,430 $61,390 $387,040
2024 $1,649 $448,430 $61,390 $387,040
2023 $1,415 $446,830 $61,390 $385,440
2022 $1,415 $275,170 $32,670 $242,500
2021 $1,372 $278,170 $32,670 $245,500
2020 $1,302 $278,170 $32,670 $245,500
2018 $1,287 $295,350 $32,300 $263,050
2017 $1,287 $295,350 $32,300 $263,050
2016 $1,257 $295,350 $32,300 $263,050
2015 $1,234 $295,350 $32,300 $263,050
2014 $1,201 $365,510 $83,010 $282,500
2013 -- $365,510 $83,010 $282,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26042058

APN: 7506647142