M
Seller's Agent in 2024
Michael Diamond
Master Diamond Properties, Inc
(828) 284-7893
25 Total Sales
509 Atlantic Falls Trail Black Mountain, NC 28711
Estimated Value: $889,000 - $1,234,000
4
Beds
4.5
Baths
3,579
Sq Ft
$292/Sq Ft
Est. Value
Highlights
- Spa
- Mountain View
- Wooded Lot
- Open Floorplan
- Private Lot
- Cathedral Ceiling
About This Home
As of April 2024Attention investors. The Catawba Falls Lodge has been one of the most successful vacation rental properties in the area for the past 10+ years. Year after year 6 figure plus gross rental income history. This private custom log home is in the gated community of Catawba Falls Preserve with stunning mountain views and miles of hiking trails into the Pisgah National Forest. The lot is located at the end of a cul de sac and offers private long range views of the Blue Ridge Mountains with beautiful sunrises. All furnishings and future rentals included in the sale for a true turnkey vacation rental property located just 15-20 minutes to the town of Black Mountain and 30-35 minutes to Asheville. Great property for a full time residence, second home, or income producing short term rental property.
Last Agent to Sell the Property
Master Diamond Properties, Inc Brokerage Email: info@masterdiamondnc.com License #280444 Listed on: 02/23/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,915
Year Built
- Built in 2007
Lot Details
- Cul-De-Sac
- Private Lot
- Paved or Partially Paved Lot
- Sloped Lot
- Wooded Lot
HOA Fees
- $100 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Driveway
Home Design
- Stone Siding
- Log Siding
Interior Spaces
- 2-Story Property
- Open Floorplan
- Cathedral Ceiling
- Ceiling Fan
- Wood Burning Fireplace
- Fireplace With Gas Starter
- Great Room with Fireplace
- Mountain Views
Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
Finished Basement
- Walk-Out Basement
- Natural lighting in basement
Pool
- Spa
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Heating System Uses Propane
- Generator Hookup
- Propane
- Septic Tank
Community Details
- Ipm Property Management Association
- Catawba Falls Preserve Subdivision
- Mandatory home owners association
Listing and Financial Details
- Assessor Parcel Number 0638-00-43-3792
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 23, 2024
Closed on
Apr 11, 2024
Sold by
Catawba Falls Vacation Rentals Llc
Bought by
Sheikh and Evergreen Trust
Seller's Agent
Michael Diamond
Master Diamond Properties, Inc
Buyer's Agent
Tyler Coon
EXP Realty LLC
List Price
$1,099,500
Sold Price
$1,077,500
Premium/Discount to List
-$22,000
-2%
Views
49
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,669
Avg. Annual Appreciation
1.70%
Original Mortgage
$203,200
Interest Rate
6.94%
Purchase Details
Closed on
Dec 29, 2020
Sold by
Masterman Michael F and Masterman Bernadette D
Bought by
Catawba Falls Vacation Rentals Llc
Purchase Details
Closed on
May 31, 2005
Sold by
Catawba Falls Llc
Bought by
Masterman Michael F and Masterman Bernadette D
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sheikh | -- | None Listed On Document | |
| Catawba Falls Vacation Rentals Llc | -- | None Available | |
| Masterman Michael F | $81,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Sheikh | $203,200 | |
| Open | Sheikh | $766,550 | |
| Previous Owner | Masterman Michael F | $385,000 | |
| Previous Owner | Masterman Michael F | $43,000 | |
| Previous Owner | Masterman Mcihael F | $480,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2024 04/15/24 | Sold | $1,077,500 | -2.0% | $301 / Sq Ft |
| 03/02/2024 03/02/24 | Pending | -- | -- | -- |
| 02/25/2024 02/25/24 | For Sale | $1,099,500 | -- | $307 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $5,915 | $872,360 | $85,000 | $787,360 |
| 2023 | $5,915 | $872,360 | $85,000 | $787,360 |
| 2022 | $4,180 | $607,580 | $75,000 | $532,580 |
| 2021 | $4,180 | $607,580 | $75,000 | $532,580 |
| 2020 | $4,241 | $607,580 | $0 | $0 |
| 2019 | $4,241 | $496,740 | $0 | $0 |
| 2017 | $3,182 | $496,740 | $0 | $0 |
| 2016 | $3,182 | $496,740 | $150,000 | $346,740 |
| 2014 | $3,029 | $496,740 | $150,000 | $346,740 |
| 2013 | -- | $496,740 | $150,000 | $346,740 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2024
Tyler Coon
EXP Realty LLC
(828) 620-2541
309 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4112211
APN: 0638-00-43-3792
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