NOT LISTED FOR SALE

523 Spring Lake Rd Maggie Valley, NC 28751

Estimated Value: $197,000 - $301,523

2 Beds
2 Baths
827 Sq Ft
$322/Sq Ft Est. Value

Last Sold October 13, 2023

Last sale price $205,000 $248 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,525/month

218 Days on Market

Highlights

  • Sauna
  • Wooded Lot
  • Cottage
  • Deck
  • Wood Flooring
  • Wrap Around Porch

About This Home

As of October 2023

Cozy loft primary bedroom and full bath 244 sq ft which is not in listed on MLS sq ft bec ceiling height is under 7 ft. Quaint mountain cottage nestled on wooded lot. Feels very secluded yet in established neighborhood located near the heart of Maggie Valley. Large covered wrap around porch & deck for enjoying multiple seasons of the year. Warm up with the wood burning fireplace made of stone in living room. Walk-in basement bottom floor bedroom contains a new sauna & full bathroom. Block foundation. All furnishings included. Short term or long term rentals allowed. Great opportunity for investor. Close to Waynesville, Cherokee Casino, Blue Ridge Parkway and many of the outdoor adventures offered in the mountains of NC - approx 30 min to Asheville.

Last Agent to Sell the Property

Lucia Barnes

Blue Ridge Properties Group License #307357 Listed on: 02/08/2023

Last Buyer's Agent

Lucia Barnes

Blue Ridge Properties Group License #307357 Listed on: 02/08/2023

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1994

Lot Details

  • Sloped Lot
  • Wooded Lot

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Cottage
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Sauna
  • Finished Basement
  • Interior and Exterior Basement Entry
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Outdoor Features

  • Access to stream, creek or river
  • Deck
  • Wrap Around Porch
  • Shed

Utilities

  • Shared Well
  • Septic Tank

Community Details

  • Patty Henry Association
  • Spring Lake Estates Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 7686-53-2586

Home Details

Home Type

Single Family

Year Built

Built in 1994

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Year Built: 1994
  • Restrictions: Short Term Rental Allowed
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: One and One Half
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 247.88
  • Special Features: None

Interior Features

  • Foundation Details: Other - See Remarks
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Sauna
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 465
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Electric Cooktop, Electric Oven, Microwave, Refrigerator, Washer/Dryer
  • Above Grade Finished Sq Ft: 465
  • Has Basement: Exterior Entry, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 362
  • Fireplace Features: Living Room, Wood Burning
  • Living Area: 827
  • Bedroom Main: 0
  • Room Count: 7
  • Sq Ft Other: 244
  • Bedroom Basement: 1

Exterior Features

  • New Construction: No
  • Roof: Metal
  • Construction Type: Site Built
  • Construction Type: Wood
  • Other Structures: Shed(s)
  • Patio And Porch Features: Covered, Deck, Porch, Wrap Around

Garage/Parking

  • Main Level Garage YN: 0
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Ductless
  • Sewer: Septic Installed
  • Laundry Features: In Hall, Main Level
  • Cooling: Ductless
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association Fee: 250
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Patty Henry
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually
  • Association Email: pattyph1161@gmail.com

Association/Amenities

  • Association Annual Expense: 250.00

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Features: Sloped, Creek/Stream, Wooded, Wooded
  • Lot Size Area: 0.27
  • Lot Size Units: Acres
  • Parcel Number: 7686-53-2586
  • Plat Reference Section Pages: 83-85
  • ResoLotSizeUnits: Acres
  • Zoning Specification: none

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2023
Closed on
Oct 10, 2023
Sold by
Inman Joseph Chase and Inman Mindy Diane
Bought by
Shannon Kelly
Seller's Agent
Lucia Barnes
Blue Ridge Properties Group
Buyer's Agent
Lucia Barnes
Blue Ridge Properties Group
List Price
$290,000
Sold Price
$205,000
Premium/Discount to List
-$85,000
-29.31%
Views
974
Current Estimated Value
$265,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,881
Avg. Annual Appreciation
17.63%
Original Mortgage
$164,000
Outstanding Balance
$161,253
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$115,575

Purchase Details

Listed on
Oct 26, 2018
Closed on
Jan 26, 2019
Sold by
Tant Cynthia K
Bought by
Inman Mindy Diane and Inman Joseph Chase
Seller's Agent
Jason Morgan
CENTURY 21 Connected
Buyer's Agent
Lucia Barnes
Blue Ridge Properties Group
List Price
$125,000
Sold Price
$118,000
Premium/Discount to List
-$7,000
-5.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.47%

Purchase Details

Closed on
Nov 19, 2004
Bought by
Tant Cynthia K
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
Shannon Kelly -- None Listed On Document
Inman Mindy Diane $118,000 None Available
Tant Cynthia K $107,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shannon Kelly $164,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2023 10/13/23 Sold $205,000 -12.4% $248 / Sq Ft
08/29/2023 08/29/23 Price Changed $234,000 -6.0% $283 / Sq Ft
05/31/2023 05/31/23 Price Changed $249,000 -3.9% $301 / Sq Ft
04/13/2023 04/13/23 Price Changed $259,000 -7.2% $313 / Sq Ft
03/09/2023 03/09/23 Price Changed $279,000 -3.8% $337 / Sq Ft
02/08/2023 02/08/23 For Sale $290,000 +145.8% $351 / Sq Ft
01/30/2019 01/30/19 Sold $118,000 -5.6% $128 / Sq Ft
12/29/2018 12/29/18 Pending -- -- --
10/26/2018 10/26/18 For Sale $125,000 -- $136 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 -- $151,700 $26,500 $125,200
2024 $1,115 $151,700 $26,500 $125,200
2023 $1,136 $155,100 $26,400 $128,700
2022 $1,082 $155,100 $26,400 $128,700
2021 $1,082 $155,100 $26,400 $128,700
2020 $862 $109,000 $17,600 $91,400
2019 $867 $109,000 $17,600 $91,400
2018 $867 $109,000 $17,600 $91,400
2017 $867 $109,000 $0 $0
2016 $875 $113,500 $0 $0
2015 $875 $113,500 $0 $0
2014 $774 $113,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3940796

Canopy MLS (Canopy Realtor® Association)

APN: 7686-53-2586