NOT LISTED FOR SALE

514 Summit Rd Otto, NC 28763

Otto Neighborhood

Estimated Value: $377,000 - $402,000

3 Beds
3.5 Baths
616 Sq Ft
$627/Sq Ft Est. Value

Last Sold November 27, 2023

Last sale price $325,000 $528 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,148/month

Highlights

  • Open Floorplan
  • Partially Wooded Lot
  • Bonus Room
  • Private Lot
  • Main Floor Primary Bedroom
  • Sun or Florida Room

About This Home

As of November 2023

Exceptional Architecuture and Character. Wood Beamed Ceilings, Pine Panel Accents, exquisite Rock Fireplace and a 28' X 10.9' Sunroom to Entertain. 2 Covered Porches for Outdoor Living Space. Gourmet Kitchen has Granite Counters, Stainless Appliances, Work island, Serving Bar, tons of Storage & Workspace. Dining Area w/Bay Windows and Spacious Living Room. Main Level Primary BR w/Sitting Area - 27.3' X 13'! Updated Private Bath has Tiled Walk In Shower w/2 Showerheads. Upper Level 2 Bedrooms w/Vaulted Ceilings, Full Bath, Sitting Area and super cool play nook for kids! Lower Level 2nd Full Kitchen, Game/Family Room, Sleeping Rm w/Walk In Closet, Full Bath, Office/Studio & Workshop. Newer LVP Flooring and Fresh Paint. Shed new 2023 + a Metal Shed. Unrestricted and includes Two Parcels. 2nd parcel has a long driveway --- Park an RV? Build a garage? Lots of options. Owner works from home & uses Verizon WiFi Hotspot for Internet. Buyers agent to confirm Internet Options. HOA is $200 for Road Maintainance and $100 for the Water per year. There are 10 homes on the well, Conventional and VA financing would qualify. 16 minutes to Franklin, 5 minutes to GA line.

Last Agent to Sell the Property

Kathy Clifton

Bald Head Realty Brokerage Phone: 8283690000 License #189386 Listed on: 10/13/2023

Co-Listed By

Stephanie Sainz

Bald Head Realty Brokerage Phone: 8283690000 License #280276

Last Buyer's Agent

Ryan Cote

Vignette Realty, LLC License #344631

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,261

Year Built

  • Built in 1990

Lot Details

  • 1.05 Acre Lot
  • Private Lot
  • Open Lot
  • Partially Wooded Lot

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Cottage
  • Cabin
  • Entry on the 1st floor
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Insulated Windows
  • Combination Dining and Living Room
  • Bonus Room
  • Workshop
  • Sun or Florida Room

Kitchen

  • Country Kitchen
  • Breakfast Bar
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • In-Law or Guest Suite

Laundry

  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Recreation or Family Area in Basement
  • Workshop
  • Finished Basement Bathroom
  • Laundry in Basement
  • Basement with some natural light

Outdoor Features

  • Terrace
  • Outdoor Storage
  • Outbuilding
  • Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Propane
  • Heating System Powered By Leased Propane
  • Shared Well
  • Gas Water Heater
  • Septic Tank

Community Details

  • The Summit Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 6489512444

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,261

Year Built

Built in 1990

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Property Sub Type: Cabin,Residential
  • Prop. Type: Residential
  • Lot Size Acres: 1.05
  • Co List Office Mls Id: 216
  • Co List Office Phone: 828-369-0000
  • Ownership: More than One Year
  • Subdivision Name: The Summit
  • Directions: From Franklin, South on 441 for 10 miles, RT on Mulberry, Go 1/3 mile, turn Right on Summit Rd., go 1/2 mile, stay right at "Y" intersection, 2nd home on Left.
  • Architectural Style: Cottage, Cabin
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built: 1990
  • Kitchen Level: First
  • NAV27_rets_property_type: Residential
  • NAV27_AllowsVacationRentalYN: Yes
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Appliances: Electric Water Heater, Gas/Propane Water Heater, Dishwasher, Microwave, Electric Oven/Range, Gas Oven/Range, Refrigerator, Washer, Dryer
  • Has Basement: Full, Finished, Heated, Daylight, Recreation/Game Room, Workshop, Exterior Entry, Interior Entry, Washer/Dryer Hook-up, Finished Bath, Lower/Terrace
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning, Stone
  • Fireplace: Yes
  • Flooring: Vinyl, Laminate, Luxury Vinyl Plank
  • Interior Amenities: Bonus Room, Breakfast Bar, Country Kitchen, Large Master Bedroom, Living/Dining Room, Open Floorplan, Sunroom, Workshop, In-Law Floorplan
  • Main Level Bathrooms: 2
  • Window Features: Insulated Windows
  • Room Bedroom2 Level: Second
  • Room Bedroom4 Area: 246.4
  • Room Bedroom4 Level: Basement
  • Living Room Living Room Level: First
  • Room Family Room Level: Basement
  • Room Bedroom3 Area: 198.8
  • Master Bedroom Master Bedroom Level: First
  • Room Office Level: Basement
  • Room Office Area: 119.9
  • Room Bedroom2 Area: 204.48
  • Room Living Room Area: 379.44
  • Room Bedroom3 Level: Second
  • Room Kitchen Area: 140.43
  • Dining Room Dining Room Level: First
  • Master Bedroom Master Bedroom Width: 13.1
  • Room Master Bedroom Area: 357.63
  • Room Family Room Area: 172.28

Exterior Features

  • Lot Features: Open Lot, Private
  • View: No
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Other Structures: Outbuilding/Workshop, Storage Building/Shed
  • Patio And Porch Features: Porch
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage

Utilities

  • Laundry Features: In Basement
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Propane, Forced Air
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Shared Well, See Remarks
  • Gas Company: Propane Tank: Leased

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 300
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 45738
  • Parcel #: 6489512444
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1261.25
  • Tax Book Number: Y-37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2023
Closed on
Nov 27, 2023
Sold by
Picciano David Joseph and Picciano Amy Lynn
Bought by
Merritt Diana L
Seller's Agent
Kathy Clifton
Bald Head Realty
Buyer's Agent
Ryan Cote
Vignette Realty, LLC
List Price
$330,000
Sold Price
$325,000
Premium/Discount to List
-$5,000
-1.52%
Views
75
Current Estimated Value
$385,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,947
Avg. Annual Appreciation
8.61%

Purchase Details

Closed on
May 26, 2017
Sold by
Park Michelle A
Bought by
Picciano David Joseph and Picciano Amy Lynn

Purchase Details

Listed on
Nov 3, 2015
Closed on
Jun 28, 2016
Sold by
Park Michelle A
Bought by
Picciano David Joseph and Picciano Amy Lynn
Seller's Agent
John Becker
Bald Head Realty
List Price
$165,000
Sold Price
$165,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.38%
Original Mortgage
$148,500
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 3, 2015
Closed on
Jun 3, 2016
Sold by
Holzlohner Diane and Holzlohner Diane Martha
Bought by
Park Michelle A
Seller's Agent
John Becker
Bald Head Realty
List Price
$165,000
Sold Price
$165,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
3.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Merritt Diana L $325,000 None Listed On Document
Picciano David Joseph $165,000 None Available
Picciano David Joseph $165,000 Attorney
Park Michelle A -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Picciano David Joseph $148,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/27/2023 11/27/23 Sold $325,000 -1.5% $528 / Sq Ft
10/15/2023 10/15/23 Pending -- -- --
10/14/2023 10/14/23 For Sale $330,000 +100.0% $536 / Sq Ft
07/06/2016 07/06/16 Sold $165,000 0.0% $268 / Sq Ft View Prior Sale
06/06/2016 06/06/16 Pending -- -- --
11/03/2015 11/03/15 For Sale $165,000 -- $268 / Sq Ft
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 $1,211 $319,080 $33,180 $285,900
2024 $1,223 $319,080 $33,180 $285,900
2023 $1,069 $324,510 $33,180 $291,330
2022 $1,069 $191,190 $17,910 $173,280
2021 $1,069 $192,190 $17,910 $174,280
2020 $960 $192,190 $17,910 $174,280
2018 $978 $213,280 $22,910 $190,370
2017 $978 $213,280 $22,910 $190,370
2016 $978 $213,280 $22,910 $190,370
2015 $947 $213,280 $22,910 $190,370
2014 $945 $266,240 $25,860 $240,380
2013 -- $266,240 $25,860 $240,380
Source: Public Records

Agents Affiliated with this Home

  • Kathy Clifton

    Seller's Agent in 2023

    Kathy Clifton

    Bald Head Realty

    (828) 226-1074

    20 in this area

    148 Total Sales

    Kathy Clifton
    Section Image
  • Stephanie Sainz

    Seller Co-Listing Agent in 2023

    Stephanie Sainz

    Bald Head Realty

    (828) 215-0606

    19 in this area

    234 Total Sales

    Stephanie Sainz
    Section Image

  • R

    Buyer's Agent in 2023

    Ryan Cote

    Vignette Realty, LLC

    (828) 220-4347

    5 in this area

    61 Total Sales

    Ryan Cote
    Section Image
  • John Becker

    Seller's Agent in 2016

    John Becker

    Bald Head Realty

    (828) 506-3719

    20 in this area

    170 Total Sales

    John Becker
    Section Image
See All Agents

Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26034936

APN: 6489512444

North Carolina Macon County Otto 28763 Otto

514 Summit Rd, Otto, NC

Not Listed for Sale

Detached

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