NOT LISTED FOR SALE

50 Cottage Ln Mars Hill, NC 28754

Estimated Value: $621,740 - $795,000

3 Beds
3.5 Baths
3,384 Sq Ft
$215/Sq Ft Est. Value

Sale Details

Date Sold: February 24, 2021

Last sale price $550,000 $163 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,183 / mo

73 Days on Market

Highlights

  • Ski Accessible
  • Golf Course Community
  • Fitness Center
  • Madison Middle School Rated A-
  • Equestrian Center
  • Gated Community

About This Home

As of February 2021

Breathtaking, unobstructed long range views. Immaculate mountain home in pristine condition. Rare find in “The Cottages“ in highly sought after Wolf Laurel subdivision. This is the comfortable luxury mountain living you are looking for. Gorgeous home boasts cathedral ceilings throughout the main, along with lovely wooden accents that add warmth and softness to the interior, along with a beautiful large fireplace. Open floor plan with an easy flow and large windows where you can enjoy mesmerizing views of WNC mountain peaks from every angle. This exquisitely built home has been designed perfectly for entertaining with large beautiful gourmet kitchen, wet bar and 2 large partially covered decks on two levels. Spacious masters on two floors with split bedroom floor plan. Second livingroom with fireplace, game area on second level. Third level boost another entertaining space with sofa group and pool table. This scenic and exclusive community offers many amenities. Comes fully furnished.

Last Agent to Sell the Property

Todd Smith

Open Skies Realty, LLC License #289274 Listed on: 11/08/2020

Co-Listed By

Ayca Smith

Keller Williams Professionals License #292791

Last Buyer's Agent

Tamara Stanton

Howard Hanna Beverly-Hanks Asheville-Downtown License #220006

Howard Hanna Beverly-Hanks Asheville-Downtown

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 6,534

HOA Fees

  • $173 Monthly HOA Fees

Home Design

  • Cabin
  • Stone Siding
  • Stucco Exterior

Interior Spaces

  • Open Floorplan
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Insulated Windows
  • Crawl Space
  • Oven

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet
  • Whirlpool Bathtub

Utilities

  • Heating System Uses Propane
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Pond
  • Equestrian Center

Listing and Financial Details

  • Assessor Parcel Number 9862-34-9938

Community Details

Overview

  • Bm HOA, Phone Number (828) 689-9565

Amenities

  • Picnic Area
  • Clubhouse

Recreation

  • Golf Course Community
  • Indoor Game Court
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Pool
  • Trails
  • Ski Accessible

Additional Features

  • Security
  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

6,534 Sq Ft Lot

HOA Fees

$173 per month

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Cabin
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.98214
  • Ratio Close Price By Original Li: 0.98214
  • Ratio Current Price By Acre: 3666666.67
  • Ratio Current Price By Sq Ft: 162.53
  • Year Built: 2007
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Outside Entrance, Crawl Space
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 3
  • Doors and Windows: g-Insulated Door(s), Insulated Windows
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Electric, Dishwasher, Dryer, Electric Oven, Microwave, Oven, Refrigerator, Washer, Wine Refrigerator
  • Fireplace Description: FAMILYRM, Gas Logs, Great Room, Propane
  • Fireplace: Yes
  • Flooring: Carpet, Wood
  • H O A Management Phone: 828-689-9565
  • Interior Amenities: Cable Available, Cathedral Ceiling(s), Open Floorplan, Split BR Plan, Vaulted Ceiling, Walk-In Closet(s), Whirlpool
  • Laundry Location: Lower
  • Room Count: 3
  • Sq Ft Basement: 696
  • Lower Level Sq Ft: 1344
  • Main Level Sq Ft: 1344
  • Total Sq Ft: 3384

Exterior Features

  • Construction: Hard Stucco, Hardboard Siding, Stone
  • Construction Type: Site Built
  • Exterior Features: Underground Power Lines, Wired Internet Available

Garage/Parking

  • Driveway: Asphalt
  • Parking: Parking Space - 4+

Utilities

  • Heating: Gas Hot Air Furnace, Heat Pump - AC, Propane
  • Sewer: Community Sewer
  • Water: Community Well
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Club House, Equestrian Facilities, Equestrian Trails, Fitness Center, Game Court, Gated Community, Golf Course, Outdoor Pool, Picnic Area, Playground, Pond, Recreation Area, Security, Ski Slopes, Walking Trails
  • Association Fee: 172.50
  • Association Fee Frequency: Monthly
  • HOA Management Company: BM HOA
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Features: Long Range View, Mountain View, Sloping, Steep, Year Round View
  • Parcel Number: 9862-34-9938
  • Plat Book Slide: 2/933
  • Zoning Specification: R2

Tax Info

  • Tax Value: 337484.00
  • Tax Location: Mars Hill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2020
Closed on
Feb 23, 2021
Sold by
Allen Osborne M and Osborne M Allen Living Trust
Bought by
Bowman Mary C and Poling Peter C
Seller's Agent
Todd Smith
Open Skies Realty, LLC
Buyer's Agent
Tamara Stanton
Howard Hanna Beverly-Hanks Asheville-Downtown
List Price
$560,000
Sold Price
$550,000
Premium/Discount to List
-$10,000
-1.79%
Current Estimated Value
$728,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,435
Avg. Annual Appreciation
5.57%

Purchase Details

Closed on
Sep 19, 2008
Sold by
Allen Osborne M and Allen Billie R
Bought by
Allen Osborne M and The Osborne M Allen Living Trust

Purchase Details

Closed on
Oct 19, 1999
Bought by
Allen, Osbourne M. As Trustee Of Th
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bowman Mary C $550,000 None Available
Allen Osborne M -- None Available
Allen, Osbourne M. As Trustee Of Th -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2021 02/24/21 Sold $550,000 -1.8% $163 / Sq Ft
01/20/2021 01/20/21 Pending -- -- --
11/08/2020 11/08/20 For Sale $560,000 -- $165 / Sq Ft
Source: Canopy MLS

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 $2,090 $424,348 $43,600 $380,748
2024 $2,090 $424,348 $43,600 $380,748
2023 $2,171 $337,484 $33,578 $303,906
2022 $2,171 $337,484 $33,578 $303,906
2021 $2,171 $337,484 $33,578 $303,906
2020 $2,171 $337,484 $33,578 $303,906
2019 $2,134 $308,368 $33,000 $275,368
2018 $1,881 $0 $0 $0
2017 $1,881 $0 $0 $0
2016 $1,881 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $308,368 $33,000 $275,368
2013 -- $308,368 $33,000 $275,368
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Todd Smith

    Open Skies Realty, LLC

    (828) 319-7134

    24 in this area

    55 Total Sales

    Todd Smith
    Section Image

  • A

    Seller Co-Listing Agent in 2021

    Ayca Smith

    Keller Williams Professionals

  • Tamara Stanton

    Buyer's Agent in 2021

    Tamara Stanton

    Howard Hanna Beverly-Hanks Asheville-Downtown

    (828) 337-0283

    56 Total Sales

    Tamara Stanton
    Section Image
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Map

Source: Canopy MLS

MLS Number: CAR3679658

Canopy MLS

APN: 9862-34-9938

North Carolina Madison County Mars Hill 28754

50 Cottage Ln, Mars Hill, 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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