NOT LISTED FOR SALE

505 Laurel Ln Newland, NC 28657

Estimated Value: $705,522 - $885,000

3 Beds
3.5 Baths
3,125 Sq Ft
$245/Sq Ft Est. Value

Last Sold November 29, 2023

Last sale price $650,000 $208 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,440/month

153 Days on Market

Highlights

  • Golf Course Community
  • Private Membership Available
  • Traditional Architecture
  • Mountain View
  • Clubhouse
  • Secondary Bathroom Jetted Tub

About This Home

As of November 2023

This unique custom built home will make a great full or part time residence. The character of built ins, cozy nooks & several places to entertain make this home special! Well thought out floor plan offers main level living w/just 1 step inside from the garage or the inviting side entrance into the kitchen. Enjoy views of the outdoors thru multiple large windows. Recessed lighting & 12 solar tubes welcome you to a light & bright interior. The main fl has all you need for 1 level living incl an eat in kitchen w/access to it's own deck, abundant built-in storage & pantry, laundry rm w/1/2 bath. The spacious dining rm opens to the vaulted living rm w/fireplace & doors leading to 1 of 3 decks. Also on the main is a huge master suite w/its own covered deck, ensuite & walk in closet. A generous guest rm & full bath finish out the main floor. Follow the wide wood stairs down to a 2nd living area w/built ins & deck for entertaining. A sweet office nook, 3rd bedroom & bath, heated/cooled storage rm & utility rm w/sink finish the lower level. Only minutes away from shopping in Newland & 15 min to Banner Elk & Linville. Home is wired for generator and comes furnished with very few exceptions.

Last Agent to Sell the Property

Kathleen Medlin

Century 21 Mountain Vistas Listed on: 06/28/2023

Century 21 Mountain Vistas

Co-Listed By

Ray Medlin

Century 21 Mountain Vistas

Last Buyer's Agent

David Pittman

High Country Resort Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,442

Year Built

  • Built in 1998

Lot Details

  • 0.31 Acre Lot
  • Property fronts a private road
  • Back Yard Fenced

HOA Fees

  • $54 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway
  • Golf Cart Garage

Home Design

  • Traditional Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Wood Siding
  • Radon Mitigation System

Interior Spaces

  • 2-Story Property
  • Furnished
  • Skylights
  • 2 Fireplaces
  • Factory Built Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Wood Frame Window
  • Casement Windows
  • Mountain Views
  • Pull Down Stairs to Attic
  • Home Security System

Kitchen

  • Built-In Convection Oven
  • Gas Cooktop
  • Down Draft Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Secondary Bathroom Jetted Tub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Crawl Space

Outdoor Features

  • Outdoor Storage
  • Porch

Schools

  • Newland Elementary School
  • Avery Middle School
  • Avery County High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Heat Pump System
  • 440 Volts
  • Private Water Source
  • Well
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1837-05-29-2953-00000

Community Details

Overview

  • Private Membership Available
  • Mountain Glen Subdivision

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Pickleball Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,442

Year Built

Built in 1998

Lot Details

0

HOA Fees

$54 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.31
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: 4
  • Co List Office Phone: 828-264-9111
  • Subdivision Name: Mountain Glen
  • Above Grade Finished Sq Ft: 2400.0
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1998
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: (828) 264-9111
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Built-In Oven, Convection Oven, Cooktop, Down Draft, Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Gas Cooktop, Disposal, Microwave, Refrigerator, Trash Compactor, Washer
  • Has Basement: Crawl Space, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 725.0
  • Fireplace Features: Two, Factory Built, Gas, Vented, Propane
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Attic, Furnished, Jetted Tub, Pull Down Attic Stairs, Skylights
  • Living Area: 3125.0
  • Stories: 2
  • Window Features: Casement Window(s), Double Pane Windows, Wood Frames, Skylight(s)

Exterior Features

  • Fencing: Back Yard
  • View: Mountain(s)
  • View: Yes
  • Home Warranty: No
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Storage
  • Patio And Porch Features: Multiple
  • Roof: Architectural, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Asphalt, Driveway, Garage, Two Car Garage, Golf Cart Garage

Utilities

  • Laundry Features: Main Level
  • Security: Security System, Radon Mitigation System
  • Cooling: Electric, Heat Pump, Zoned
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Fireplace(s), Gas, Heat Pump, Propane, Zoned
  • Heating Yn: Yes
  • Electric: 440 Volts
  • Sewer: Septic Permit 3 Bedroom
  • Utilities: High Speed Internet Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Club Membership Available, Clubhouse, Golf, Pickleball, Tennis Court(s), Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 650.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Newland
  • High School: Avery County
  • Middle Or Junior School: Avery

Lot Info

  • Parcel #: 1837-05-29-2953-00000
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2442.4
  • Tax Book Number: 372/1984

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2023
Closed on
Nov 27, 2023
Sold by
Harper Cooper Mary Lou
Bought by
Caldwell Kenneth James and White Caldwell Kimberly
Seller's Agent
Kathleen Medlin
Century 21 Mountain Vistas
Buyer's Agent
David Pittman
High Country Resort Properties
List Price
$749,000
Sold Price
$650,000
Premium/Discount to List
-$99,000
-13.22%
Views
93
Current Estimated Value
$757,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,285
Avg. Annual Appreciation
10.64%
Original Mortgage
$450,000
Outstanding Balance
$444,538
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$326,596
Source: Public Records

Range of Values:

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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
Caldwell Kenneth James $650,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caldwell Kenneth James $450,000
Previous Owner Cooper Mary Lou Harper $170,964
Previous Owner Cooper Mary Lou Harper $20,857
Previous Owner Cooper Mary Lou Harper $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2023 11/29/23 Sold $650,000 -7.0% $208 / Sq Ft
09/06/2023 09/06/23 Price Changed $699,000 -3.6% $224 / Sq Ft
07/16/2023 07/16/23 Price Changed $725,000 -3.2% $232 / Sq Ft
06/28/2023 06/28/23 For Sale $749,000 -- $240 / Sq Ft
Source: High Country 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
2023 $2,442 $610,600 $35,000 $575,600
2022 $2,442 $610,600 $35,000 $575,600
2021 $2,080 $378,200 $35,000 $343,200
2020 $2,080 $378,200 $35,000 $343,200
2019 $2,080 $378,200 $35,000 $343,200
2018 $2,080 $378,200 $35,000 $343,200
2017 $1,865 $339,000 $0 $0
2016 $1,516 $339,000 $0 $0
2015 $1,516 $339,000 $40,000 $299,000
2012 -- $461,900 $50,000 $411,900
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Kathleen Medlin

    Century 21 Mountain Vistas

    (919) 264-6954

    4 in this area

    32 Total Sales

    Section Image

  • R

    Seller Co-Listing Agent in 2023

    Ray Medlin

    Century 21 Mountain Vistas

    (919) 264-6137

    2 in this area

    50 Total Sales

    Section Image

  • D

    Buyer's Agent in 2023

    David Pittman

    High Country Resort Properties

    (828) 387-5836

    22 in this area

    52 Total Sales

    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 244303

High Country Association of REALTORS®

APN: 1837-05-29-2953-00000

North Carolina Avery County Newland 28657

505 Laurel Ln, Newland, NC

This home is located at 505 Laurel Ln, Newland, NC 28657 since 28 June 2023 and is currently estimated at $765,381, approximately $244 per square foot. This property was built in 1998. 505 Laurel Ln is a home located in Avery County with nearby schools including Newland Elementary School and Avery Middle School.

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.

High Country Association of REALTORS® IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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