NOT LISTED FOR SALE

501 Panther Ridge Ln Franklin, NC 28734

Estimated Value: $317,000 - $676,000

3 Beds
2 Baths
-- Sq Ft
37.77 Acres

Last Sold November 19, 2020

Last sale price $422,500

Est. 33% increase in value since last sale

Current estimated payment $3,101/month

31 Days on Market

Highlights

  • Additional Residence on Property
  • RV Access or Parking
  • Deck
  • Spa
  • 37.77 Acre Lot
  • Private Lot

About This Home

As of November 2020

Get away from it all with this home situated on 37.7 unrestricted acres of pure privacy & serenity + it connects to USFS Land. Be enchanted as you drive into the grounds, winding your way through a park-like setting with a picnic area, rock benches & water features, pond site & small guest cabin that just needs some love to finish. Once at the main home, there is a grand timber-frame & rock veranda for entertaining. Inside finishes include hardwood & tile floors throughout, wormy chestnut paneling in the great room, 2 FP's, 1 wood burning, 1 w/gas logs, in the basement is a play/bunk room, large picture windows for taking in the woodland - beautiful winter vista (summer views with some tree trimming). A Finnish dry or rock steam sauna completes the private retreat feeling. Home has been recently updated with a new metal roof, gutters, vinyl windows, & most areas have been freshly painted. This house is efficiently heated & cooled with the use of mini-splits. There is a 2 car garage with a workshop area in the basement + an open pole shed for camper or other storage. End of road privacy but only minutes to town & paved to the door. Other building spots & Makes a great hunting cabin

Last Agent to Sell the Property

Sheila Myers

Keller Williams Realty Of Franklin Brokerage Phone: 8285240100 License #215471 Listed on: 09/17/2020

Keller Williams Realty Of Franklin

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,113

Year Built

  • Built in 1974

Lot Details

  • 37.77 Acre Lot
  • Private Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Parking

  • 2 Car Garage
  • Basement Garage
  • Garage Door Opener
  • Open Parking
  • RV Access or Parking

Home Design

  • Ranch Style House
  • Cottage
  • Metal Roof
  • Wood Siding

Interior Spaces

  • Ceiling Fan
  • Multiple Fireplaces
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Insulated Windows
  • Window Treatments
  • Insulated Doors
  • Living Area on First Floor
  • Washer and Dryer Hookup
  • Property Views

Kitchen

  • Country Kitchen
  • Gas Oven or Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub Includes Tile Surround
  • Spa Bath

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Fireplace in Basement
  • Bedroom in Basement
  • Finished Basement Bathroom
  • Basement with some natural light

Outdoor Features

  • Spa
  • Deck
  • Terrace
  • Outbuilding
  • Porch

Additional Homes

  • Additional Residence on Property

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Propane
  • Mini Split Heat Pump
  • Heating System Powered By Leased Propane
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 7514869972

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,113

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Lot Size Acres: 37.77
  • Road Surface Type: Paved
  • Ownership: More than One Year
  • Directions: From town take Highlands Road to left onto Ellijay road, go 2.3 miles to right onto Panther Ridge Road, then go to the very end to gate. Need gate key to enter.
  • Architectural Style: Ranch/Single, Cottage
  • Carport Y N: No
  • Garage Yn: Yes
  • Year Built: 1974
  • Kitchen Level: First
  • NAV27_rets_property_type: Residential
  • Attribution Contact: 8285240100
  • Special Features: None

Interior Features

  • Spa Features: Bath
  • Private Spa: Yes
  • Appliances: Electric Water Heater, Gas Oven/Range, Refrigerator
  • Has Basement: Full, Daylight, Washer/Dryer Hook-up, Partitioned, Lower/Terrace, Finished, Exterior Entry, Finished Bath, Heated, Interior Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Doors-Insulated
  • Fireplace Features: Basement, Wood Burning, Gas Log, Two or More
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Ceiling Fan(s), Primary on Main Level, Ceramic Tile Bath, Living/Dining Room, Country Kitchen, Main Level Living
  • Main Level Bathrooms: 1
  • Window Features: Insulated Windows, Window Treatments
  • Room Bedroom2 Level: Basement
  • Living Room Living Room Level: First
  • Room Family Room Level: Basement
  • Room Bedroom3 Area: 324
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom2 Area: 139.15
  • Room Bedroom3 Level: Basement
  • Room Kitchen Area: 148.5
  • Dining Room Dining Room Level: First
  • Master Bedroom Master Bedroom Width: 10
  • Room Master Bedroom Area: 105
  • Room Family Room Area: 324

Exterior Features

  • Lot Features: Adjoins USFS, Private, Allow RVs, Rolling, Unrestricted, Wooded, Other-See Remarks
  • View: View-Winter
  • View: Yes
  • Home Warranty: No
  • Waterfront Elevation: 2541
  • Construction Type: Wood Siding
  • Other Structures: Outbuilding/Workshop, Detached Additional Living Space
  • Patio And Porch Features: Porch, Deck
  • Roof: Metal

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Garage-Double in Basement, Garage Door Opener, Paved Driveway

Utilities

  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Mini-Split, Propane
  • 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: 1645261.2
  • Parcel #: 7514869972
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1112.99
  • Tax Book Number: P-35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2020
Closed on
Nov 15, 2020
Sold by
Sullivan Timothy Patrick and Sullivan Lisa Myrick
Bought by
Faber Ronald C and Faber Lisa H
Seller's Agent
Sheila Myers
Keller Williams Realty Of Franklin
List Price
$422,500
Sold Price
$422,500
Current Estimated Value
$562,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,816
Avg. Annual Appreciation
6.03%

Purchase Details

Closed on
May 7, 2013
Sold by
Mellon Bny
Bought by
Sullivan Timothy Patrick and Sullivan Lisa Myrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.44%
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
Faber Ronald C $422,500 None Available
Sullivan Timothy Patrick $250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sullivan Timothy Patrick $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2020 11/19/20 Sold $422,500 0.0% --
10/20/2020 10/20/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $422,500 -- --
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 $1,292 $321,940 $199,680 $122,260
2024 $1,292 $321,940 $199,680 $122,260
2023 $1,200 $321,940 $199,680 $122,260
2022 $1,200 $199,410 $109,010 $90,400
2021 $1,166 $208,410 $109,010 $99,400
2020 $1,113 $208,410 $109,010 $99,400
2018 $1,211 $253,620 $138,010 $115,610
2017 $0 $253,620 $138,010 $115,610
2016 $1,211 $253,620 $138,010 $115,610
2015 $1,165 $253,620 $138,010 $115,610
2014 $1,703 $485,740 $350,430 $135,310
2013 -- $485,740 $350,430 $135,310
Source: Public Records

Agents Affiliated with this Home

  • Sheila Myers

    Seller's Agent in 2020

    Sheila Myers

    Keller Williams Realty Of Franklin

    (828) 342-0866

    161 in this area

    217 Total Sales

    Sheila Myers
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Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26017132

APN: 7514869972

North Carolina Macon County Franklin 28734

501 Panther Ridge Ln, Franklin, NC

This home is located at 501 Panther Ridge Ln, Franklin, NC 28734 since 17 September 2020 and is currently estimated at $562,316. This property was built in 1974. 501 Panther Ridge Ln is a home located in Macon County with nearby schools including East Franklin Elementary School, Macon Middle School, and Mountain View Intermediate School.

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