NOT LISTED FOR SALE

501 Bailey St Mars Hill, NC 28754

Mars Hill Area

Estimated Value: $407,000 - $500,674

5 Beds
3 Baths
2,712 Sq Ft
$167/Sq Ft Est. Value

Sale Details

Date Sold: February 29, 2016

Last sale price $205,000 $76 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $2,585 / mo

38 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Wood Burning Fireplace
  • Madison Middle School Rated A-
  • Many Trees

About This Home

As of February 2016

Lovely, updated traditional charmer just outside of Mars Hill College and downtown Mars Hill. Open living space with a warm and cozy fireplace, beautiful hardwood floors, new vinyl floors and new energy efficient windows. A separate downstairs apartment has it's own entrance and is perfect for guests or rental income. Additional insulation was added for energy efficiency! This is a very well maintained home in lovely community. It is full of charm and is well laid out. You must take a look!

Last Agent to Sell the Property

Anthony Willis

Keller Williams Professionals License #133368 Listed on: 12/15/2015

Last Buyer's Agent

Jeanne Hoffman

French Broad Real Estate Co. License #87879

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1975

Lot Details

  • Many Trees

Parking

  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Williamsburg Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • Wood Burning Fireplace
  • Insulated Windows
  • Oven

Flooring

  • Wood
  • Tile
  • Vinyl

Utilities

  • Heating System Uses Propane
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 9747-66-8336

Home Details

Home Type

Single Family

Year Built

Built in 1975

Lot Details

0.5 Acres

Parking

1

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Traditional, Williamsburg
  • Ratio Close Price By List Price: 0.93607
  • Ratio Close Price By Original Li: 0.93607
  • Ratio Current Price By Acre: 410000.00
  • Ratio Current Price By Sq Ft: 75.59
  • Year Built: 1975
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Garage Door, Basement Inside Entrance, Basement Outside Entrance
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 5
  • Doors and Windows: Insulated Windows
  • Equipment: Dishwasher, Dryer, Oven, Refrigerator, Washer
  • Fireplace Description: Wood Burning
  • Fireplace: Yes
  • Flooring: Tile, Vinyl, Wood
  • Interior Amenities: Cable Available, Pantry
  • Laundry Location: Basement
  • Room Count: 2
  • Second Living Quarters: Interior Connected, Separate Entrance
  • Second Living Quarters Hla: 1000
  • Sq Ft Basement: 1156
  • Main Level Sq Ft: 1556
  • Total Sq Ft: 2712
  • Sq Ft Unheated Basement: 100
  • Sq Ft Unheated Total: 100

Exterior Features

  • Construction: Brick Full, Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Basement, Garage - 1 Car

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat, Propane
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Lot Info

  • Lot Features: Trees
  • Parcel Number: 9747-66-8336
  • Plat Reference Section Pages: 527
  • Zoning: Residential
  • Zoning Specification: R-A

Tax Info

  • Tax Value: 159659.00
  • Tax Location: Mars Hill

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 15, 2015
Closed on
Feb 24, 2016
Sold by
Bought by
Seller's Agent
Anthony Willis
Keller Williams Professionals
Buyer's Agent
Jeanne Hoffman
French Broad Real Estate Co.
List Price
$219,000
Sold Price
$205,000
Premium/Discount to List
-$14,000
-6.39%
Current Estimated Value
$453,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,169
Avg. Annual Appreciation
7.91%
Original Mortgage
$123,000
Interest Rate
0.0392%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2012
Closed on
Jan 9, 2014
Sold by
Bought by
Seller's Agent
Jeanne Hoffman
French Broad Real Estate Co.
Buyer's Agent
Brian Beasley
Coldwell Banker Advantage
List Price
$217,000
Sold Price
$184,000
Premium/Discount to List
-$33,000
-15.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.18%
Original Mortgage
$154,000
Interest Rate
0.0444%
Mortgage Type
VA

Purchase Details

Closed on
Jan 14, 2011
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
$130,000
Interest Rate
0.0375%
Mortgage Type
New Conventional
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

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
$205,000 None Available
$184,000 None Available
$162,500 --
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
Open $50,000
Open $123,000
Previous Owner $154,000
Previous Owner $129,000
Previous Owner $130,000
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 Prior Sale
02/29/2016 02/29/16 Sold $205,000 -6.4% $76 / Sq Ft
01/22/2016 01/22/16 Pending -- -- --
12/15/2015 12/15/15 For Sale $219,000 +19.0% $81 / Sq Ft
01/09/2014 01/09/14 Sold $184,000 -15.2% $68 / Sq Ft View Prior Sale
12/10/2013 12/10/13 Pending -- -- --
07/17/2012 07/17/12 For Sale $217,000 -- $80 / 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 $1,381 $333,471 $27,621 $305,850
2024 $1,381 $333,471 $27,621 $305,850
2023 $1,338 $231,516 $25,110 $206,406
2022 $1,338 $231,516 $25,110 $206,406
2021 $1,338 $231,516 $25,110 $206,406
2020 $1,338 $231,516 $25,110 $206,406
2019 $1,038 $159,659 $18,600 $141,059
2018 $830 $0 $0 $0
2017 $1,581 $0 $0 $0
2016 $1,581 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $159,659 $18,600 $141,059
2013 -- $159,659 $18,600 $141,059
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Anthony Willis

    Keller Williams Professionals

  • J

    Buyer's Agent in 2016

    Jeanne Hoffman

    French Broad Real Estate Co.

  • B

    Buyer's Agent in 2014

    Brian Beasley

    Coldwell Banker Advantage

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Map

Source: Canopy MLS

MLS Number: CAR3135753

Canopy MLS

APN: 9747-66-8336

North Carolina Madison County Mars Hill 28754

501 Bailey St, 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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