NOT LISTED FOR SALE

545 Mark Freeman Rd Hendersonville, NC 28792

Estimated Value: $992,000

1 Bed
1 Bath
1,011 Sq Ft
$981/Sq Ft Est. Value

Last Sold August 01, 2019

Last sale price $375,000 $371 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $5,626/month

55 Days on Market

Highlights

  • Horse Facilities
  • Stables
  • Open Floorplan
  • Barn
  • Spa
  • Cottage

About This Home

As of August 2019

Classic 1930's mini-farm with two cottages on 4.27 beautiful fenced/pastured acres in idyllic setting, located in the heart of apple country. Main residence is a 1935 stone cottage perched on a knoll with long range views. Completely renovated 2 bedroom guest cottage with full length covered porch can be enjoyed as extended family housing, caretaker cottage, VRBO or Stable and Stay possibility. Fieldstone spring house has huge new deck with recessed hot tub and stonework patio with fire pit area overlooking fenced pasture area. Two stall barn with stable mats, tack room and fenced paddock, is horse ready. Detached one car garage with space for workshop. Easy access to Hendersonville, Lake Lure, TIEC and Asheville...and less than 15 minutes to prime shopping. Both homes being sold furnished. Adjacent 1.31 acre parcel that is part of Old Orchard Subdivision (with community pool and clubhouse) is also available (MLS#3489702) for use as privacy buffer or to create family compound.

Last Agent to Sell the Property

James Earnhardt

Allen Tate/Beverly-Hanks, Lake Lure License #295335 Listed on: 04/22/2019

Last Buyer's Agent

Catherine Cunningham

CMC Properties of WNC LLC License #15847

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1935

Lot Details

  • Level Lot
  • Open Lot
  • Many Trees

Parking

  • Circular Driveway
  • Gravel Driveway

Home Design

  • Cottage
  • Stone Siding

Interior Spaces

  • 1 Full Bathroom
  • Open Floorplan
  • Fireplace
  • Vinyl Plank Flooring
  • Breakfast Bar

Outdoor Features

  • Spa
  • Fire Pit
  • Shed

Farming

  • Barn
  • Pasture
  • Fenced For Cattle

Additional Features

  • Stables
  • Septic Tank

Community Details

  • Horse Facilities

Listing and Financial Details

  • Assessor Parcel Number 500127

Home Details

Home Type

Single Family

Year Built

Built in 1935

Lot Details

0

Parking

1

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Cottage
  • Ratio Close Price By List Price: 0.89286
  • Ratio Close Price By Original Li: 0.89286
  • Ratio Current Price By Acre: 87822.01
  • Ratio Current Price By Sq Ft: 370.92
  • Year Built: 1935
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 1
  • Equipment: Dryer, Dishwasher, Gas Range, Refrigerator, Washer, Propane, Radon Mitigation System, Gas Oven
  • Fireplace Description: Living Room, Propane
  • Fireplace: Yes
  • Flooring: Vinyl Plank
  • Interior Amenities: Breakfast Bar, Hot Tub, Open Floorplan
  • Laundry Location: Basement
  • Room Count: 3
  • Second Living Quarters: Guest House
  • Second Living Quarters Hla: 800
  • Sq Ft Additional: 800
  • Main Level Sq Ft: 1011
  • Total Sq Ft: 1011

Exterior Features

  • Construction: Concrete Block, Stone
  • Construction Type: Site Built
  • Exterior Features: Barn(s), Equestrian Facilities, Fenced Pasture, Hot Tub, Shed(s), Stable, Fire pit

Garage/Parking

  • Driveway: Circular, Gravel
  • Parking: Detached Garage, Garage - 1 Car

Utilities

  • Heating: Central Air, Ductless/Mini-Split System, Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Schools

  • Elementary School: Edneyville
  • Middle School: Apple Valley
  • High School: North Henderson

Lot Info

  • Lot Features: Level, Long Range View, Open Lot, Pasture, Sloping, Trees
  • Lot Size Area: 4.270
  • Parcel Number: 500127
  • Zoning Specification: R2R

Tax Info

  • Tax Value: 357500.00
  • Tax Location: Hendersonville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2023
Sold by
Gay Joseph B and Gay Cynthia K
Bought by
Gay Joseph B and Gay Cynthia K
Current Estimated Value
$992,000

Purchase Details

Listed on
Apr 22, 2019
Closed on
Jul 30, 2019
Sold by
North Carolina Mountain Cottage Llc
Bought by
Gay Joseph B and Gay Cynthia K
Seller's Agent
James Earnhardt
Allen Tate/Beverly-Hanks, Lake Lure
Buyer's Agent
Catherine Cunningham
CMC Properties of WNC LLC
List Price
$420,000
Sold Price
$375,000
Premium/Discount to List
-$45,000
-10.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 30, 2015
Sold by
Bessent Robin T
Bought by
North Carolina Mountain Cottag

Purchase Details

Listed on
Jun 25, 2014
Closed on
Sep 25, 2014
Sold by
Cooper Joseph Allen
Bought by
Bessent Robin T
Seller's Agent
Diane Ward
Allen Tate/Beverly-Hanks Hendersonville
Buyer's Agent
Diane Ward
Allen Tate/Beverly-Hanks Hendersonville
List Price
$249,000
Sold Price
$228,460
Premium/Discount to List
-$20,540
-8.25%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gay Joseph B -- --
Gay Joseph B $375,000 --
North Carolina Mountain Cottag -- --
Bessent Robin T $228,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gay Joseph B $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2019 08/01/19 Sold $375,000 -10.7% $371 / Sq Ft
06/16/2019 06/16/19 Pending -- -- --
05/09/2019 05/09/19 For Sale $420,000 0.0% $415 / Sq Ft
04/30/2019 04/30/19 Pending -- -- --
04/22/2019 04/22/19 For Sale $420,000 +83.8% $415 / Sq Ft
10/01/2014 10/01/14 Sold $228,460 -8.2% $207 / Sq Ft
09/01/2014 09/01/14 Pending -- -- --
06/25/2014 06/25/14 For Sale $249,000 -- $225 / 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
2023 $2,337 $514,600 $107,200 $407,400
2022 $2,337 $345,700 $82,700 $263,000
2021 $2,337 $345,700 $82,700 $263,000
2020 $2,337 $345,700 $0 $0
2019 $2,417 $357,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3488542

Canopy MLS (Canopy Realtor® Association)

APN: 602801924