$225,000
SOLD DEC 19, 2024

535 Bear Ridge Rd Franklin, NC 28734

3 Beds
2 Baths
1,080 Sq Ft
0.53 Acres

Recently Sold

$208 Per Sq Ft

6% Below List Price

53 Days on Market

Highlights

  • Custom Home
  • Hilly Lot
  • Cathedral Ceiling
  • Deck
  • Private Lot
  • Main Floor Primary Bedroom

About This Home

As of December 2024

Tucked away in the peaceful Cowee area, this 3-bedroom, 2-bath cabin offers the perfect mix of privacy and convenience, just under 10 minutes from downtown Franklin. The cozy ambiance is highlighted by vaulted ceilings and a rustic stone fireplace, creating the perfect mountain retreat. Large loft windows provide stunning long-range winter views, allowing you to wake up to breathtaking scenery right from bed. Oversized sliding glass doors off the expansive back deck bring the outdoors to your kitchen table, making this home the ideal spot to enjoy the beauty of the mountains year-round.

Last Agent to Sell the Property

Dan O'Connell

Exp Realty, LLC (Mls Only) Brokerage Phone: 8885849431 License #318316 Listed on: 09/16/2024

Exp Realty, LLC (Mls Only)

Last Buyer's Agent

Carson Cabaniss

Realty One Group Vibe License #351915

Realty One Group Vibe

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $847

Year Built

  • Built in 1979

Lot Details

  • 0.53 Acre Lot
  • Private Lot
  • Hilly Lot

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Custom Home
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,080 Sq Ft Home
  • Furnished or left unfurnished upon request
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Insulated Windows
  • Insulated Doors
  • Living Area on First Floor
  • Crawl Space
  • Property Views

Kitchen

  • Electric Oven or Range
  • Recirculated Exhaust Fan

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Baseboard Heating
  • Shared Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • Bear Ridge Mountain Development Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7507203930

Home Details

Home Type

Single Family

Est. Annual Taxes

$847

Year Built

Built in 1979

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Lot Size Acres: 0.53
  • Road Frontage Type: Property Owners' Assoc
  • Ownership: More than One Year
  • Subdivision Name: Bear Ridge Mountain Development
  • Directions: Head east on E Palmer St/U.S. 441 Bus toward Stewart St Exd Continue onto Big Bear Ln/E Main St Continue straight onto E Main St/U.S. 441 Bus ?Use the left 2 lanes to turn left onto US-23 N/US-441 N Turn left onto Echo Valley Rd Turn right onto Bear Ridge Rd
  • Architectural Style: Custom
  • Carport Y N: No
  • Garage Yn: No
  • Year Built: 1979
  • NAV27_rets_property_type: Residential
  • Attribution Contact: 8885849431
  • NAV27_AllowsVacationRentalYN: No
  • Special Features: None

Interior Features

  • Furnished: Negotiable
  • Appliances: Electric Water Heater, Exhaust Fan, Electric Oven/Range, Refrigerator
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Doors-Insulated
  • Fireplace Features: Wood Burning, Stone
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Cathedral/Vaulted Ceiling, Ceiling Fan(s), Main Level Living
  • Living Area: 1080
  • Main Level Bathrooms: 1
  • Window Features: Insulated Windows
  • Room Bedroom2 Level: Second
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom3 Level: Second

Exterior Features

  • Lot Features: Hilly/Steep, Private
  • View: Long Range View, View-Winter
  • View: Yes
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, None-Carport

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Electric, Wood, Baseboard
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cell Service Available
  • Water Source: Shared Well
  • Gas Company: Propane Tank: None
  • Telephone: Cell Service Available

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 100
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 23086.8
  • Parcel #: 7507203930
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 846.98
  • Tax Book Number: O-42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2024
Closed on
Dec 13, 2024
Sold by
Lingo Michael and Lingo Tami Renee
Bought by
Bridges Betty
Seller's Agent
Dan O'Connell
Exp Realty, LLC (Mls Only)
Buyer's Agent
Carson Cabaniss
Realty One Group Vibe
List Price
$240,000
Sold Price
$225,000
Premium/Discount to List
-$15,000
-6.25%
Views
189
Current Estimated Value
$234,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,622
Avg. Annual Appreciation
5.66%
Original Mortgage
$180,000
Outstanding Balance
$178,584
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$56,038

Purchase Details

Closed on
Jan 17, 2023
Sold by
Lingo Michael
Bought by
Lingo Michael

Purchase Details

Closed on
Apr 24, 2007
Sold by
Gerald E and Jackson Geraldine W
Bought by
Lingo Joyce and Lingo Billy F
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 Type Sale Price Title Company
Warranty Deed $225,000 None Listed On Document
Warranty Deed $225,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $180,000 New Conventional
Closed $180,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2024 12/19/24 Sold $225,000 -6.3% $208 / Sq Ft
11/08/2024 11/08/24 Pending -- -- --
09/16/2024 09/16/24 For Sale $240,000 -- $222 / 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 $847 $205,420 $59,670 $145,750
2024 -- $205,420 $59,670 $145,750
2023 $597 $205,520 $59,670 $145,850
2022 $597 $92,950 $10,240 $82,710
2021 $597 $92,950 $10,240 $82,710
2020 $573 $92,950 $10,240 $82,710
2018 $596 $105,290 $13,090 $92,200
2017 $0 $105,290 $13,090 $92,200
2016 $596 $105,290 $13,090 $92,200
2015 -- $105,290 $13,090 $92,200
2014 $458 $107,630 $14,780 $92,850
2013 -- $107,630 $14,780 $92,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26037895

APN: 7507203930