NOT LISTED FOR SALE

49 Falls Cove Rd Cullowhee, NC 28723

Estimated Value: $430,000 - $894,000

3 Beds
3 Baths
1,179 Sq Ft
$478/Sq Ft Est. Value

Last Sold April 19, 2024

Last sale price $450,000 $382 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,124/month

7 Days on Market

Highlights

  • Bar Fridge
  • 1-Story Property
  • Wood Siding
  • Laundry Room

About This Home

As of April 2024

Enjoy your morning coffee on the front deck or spend an afternoon viewing the pink sky on the screened in back porch with a good book and a glass of wine. After a long day of hiking jump into the hot tub and truly unwind. Inside the A-frame you will find two bedrooms, two bathrooms, loft area, dining room, and a spacious kitchen. The detached guest house offers a full bathroom and ample space for a King size bed. In total, the A-frame and guest house amount to 1500 sq ft of living space on a 1.1 acre lot. This A-frame cabin with its close proximity to great hikes, waterfalls, golfing, skiing and the Highlands and Cashiers downtowns offers the best of the mountain living.

This property is currently set up as a short term rental and family vacation home. It has a great track record with , garnering over 90 reviews (4.9 stars) and showcased on social media. Can be offered completely furnished for a great turn key investment opportunity.

Last Agent to Sell the Property

Nicholas Huscroft

Chosen Realty of NC LLC Brokerage Phone: 330-249-3499 License #136437 Listed on: 02/29/2024

Last Buyer's Agent

Scott Easler

Keller Williams Professionals License #300683

Keller Williams Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,785

Year Built

  • Built in 1990

Lot Details

  • 1.1

Parking

  • Driveway

Home Design

  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Bar Fridge
  • Laundry Room
  • Finished Basement

Kitchen

  • Convection Oven
  • Electric Oven
  • Electric Cooktop

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Schools

  • Blue Ridge Elementary And Middle School

Utilities

  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 7553-88-8187

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,785

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1990
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 301.20
  • Geocode Confidence: High
  • Attribution Contact: 330-249-3499
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 450
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 144
  • Appliances: Bar Fridge, Convection Oven, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Washer/Dryer
  • Above Grade Finished Sq Ft: 594
  • Has Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 585
  • Living Area: 1179
  • Bedroom Main: 0
  • Room Count: 1
  • Bedroom Basement: 2

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Concrete Block, Wood

Garage/Parking

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

Utilities

  • Heating: Ductless, Electric
  • Sewer: Septic Installed
  • Laundry Features: In Basement
  • Cooling: Ductless
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Blue Ridge
  • HOA Subject To: Optional

Lot Info

  • Lot Size Area: 1.1
  • Lot Size Units: Acres
  • Parcel Number: 7553-88-8187
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R

MLS Schools

  • Elementary School: Blue Ridge
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2024
Closed on
Apr 19, 2024
Sold by
Aviles Angel Rameua and Aviles Angel
Bought by
Stahl Katelyn and Wilson Adam
Seller's Agent
Nicholas Huscroft
Chosen Realty of NC LLC
Buyer's Agent
Scott Easler
Keller Williams Professionals
List Price
$459,000
Sold Price
$450,000
Premium/Discount to List
-$9,000
-1.96%
Views
50
Current Estimated Value
$563,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,380
Avg. Annual Appreciation
17.02%
Original Mortgage
$352,000
Outstanding Balance
$347,809
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$215,571

Purchase Details

Listed on
Oct 8, 2020
Closed on
Jan 19, 2021
Sold by
Adair William C and Adair Jeannie B
Bought by
Aviles Angel Rameau and Aviles Holly Rameau
Seller's Agent
Betsy Paul
Betsy Paul Properties, Inc.
Buyer's Agent
Robbin Dodson
RE/MAX Summit Properties
List Price
$250,000
Sold Price
$255,000
Premium/Discount to List
$5,000
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.29%
Original Mortgage
$204,000
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 16, 2017
Closed on
Aug 14, 2017
Sold by
Stout Gerald N and Stout Verne M
Bought by
Adair William C and Adair Jeannie B
Seller's Agent
Ron Hensley
Landmark Realty Group - Frank Allen, Cashiers
Buyer's Agent
Betsy Paul
Betsy Paul Properties, Inc.
List Price
$179,900
Sold Price
$170,000
Premium/Discount to List
-$9,900
-5.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.47%
Original Mortgage
$151,250
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage
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
Stahl Katelyn $450,000 None Listed On Document
Aviles Angel Rameau $255,000 None Available
Adair William C $170,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stahl Katelyn $352,000
Previous Owner Aviles Angel Rameau $204,000
Previous Owner Adair William C $151,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2024 04/19/24 Sold $450,000 -2.0% $382 / Sq Ft
03/07/2024 03/07/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $459,000 +80.0% $389 / Sq Ft
01/28/2021 01/28/21 Sold $255,000 +2.0% --
01/23/2021 01/23/21 Pending -- -- --
10/08/2020 10/08/20 For Sale $250,000 +47.1% --
08/16/2017 08/16/17 Sold $170,000 -5.5% --
07/25/2017 07/25/17 Pending -- -- --
06/30/2017 06/30/17 For Sale $179,900 -- --
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 $1,785 $469,846 $73,710 $396,136
2024 $1,000 $263,080 $45,280 $217,800
2023 $1,202 $263,080 $45,280 $217,800
2022 $1,202 $263,080 $45,280 $217,800
2021 $1,000 $263,080 $45,280 $217,800
2020 $855 $196,490 $60,000 $136,490
2019 $855 $196,490 $60,000 $136,490
2018 $855 $196,490 $60,000 $136,490
2017 $836 $196,490 $60,000 $136,490
2015 $774 $196,490 $60,000 $136,490
2011 -- $238,480 $80,000 $158,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4114339

Canopy MLS (Canopy Realtor® Association)

APN: 7553-88-8187