NOT LISTED FOR SALE

55 Melrose Ave Tryon, NC 28782

Estimated Value: $1,007,000

0.53 Acre
$1,900,000 Price per Acre
23,087 Sq Ft Lot

Last Sold October 16, 2020

Last sale price $42,500

Est. 2,269% increase in value since last sale

Current estimated payment $5,645/month

53 Days on Market

Highlights

  • Many Trees
  • Level Lot
  • 4-minute walk to Woodland Park Trail

About This Lot

As of October 2020

The Historic Melrose Inn Bed & Breakfast was built in 1889 and was situated among the foothills of the beautiful Blue Ridge Mountains, in the friendly town of Tryon. Disaster struck the Melrose Inn on September 6th, 2018 and the memorable Inn burned to the ground. Though the Inn is no more, the location is unbeatable! Perfect for another Inn or your personal home. The structure had asbestos in the building materials, therefore the buyer will be required to have the debris removed according to extensive EPA safety measures. Listing agent has several estimates from 2019 that will give a buyer an idea of what all is involved and how expensive it can be. Once the asbestos has been abated, this will be one of the most desirable lots in Tryon. Located about an hour’s drive of Asheville, Charlotte and Greenville SC, Tryon offers small town hospitality within driving distance of larger cities, equestrian parks, golf courses, wineries, antique stores, lakes and rivers, and the mountains.

Last Agent to Sell the Property

Cindy Viehman

Tryon Foothills Realty License #224319 Listed on: 08/01/2020

Last Buyer's Agent

William Ingham

Thousand Pines Co. LLC. License #252757

Property Details

Property Type

  • Land

Lot Details

  • Level Lot
  • Many Trees

Listing and Financial Details

  • Assessor Parcel Number T11-A21

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Unimproved Commercial
  • Ratio Close Price By List Price: 0.77273
  • Ratio Close Price By Original Li: 0.77273
  • Ratio Current Price By Acre: 80188.68
  • Restrictions: Manufactured Home Not Allowed
  • Special Features: None

Interior Features

  • Foundation Details: Basement

Exterior Features

  • Construction Type: Site Built

Utilities

  • Sewer: City Sewer, Tap Fee Required
  • Water: City Water, Tap Fee Required

Condo/Co-op/Association

  • Community Features: Sidewalk

Lot Info

  • Lot Features: Level, Paved Frontage, Sloping, Trees
  • Parcel Number: T11-A21
  • Zoning Specification: M

Tax Info

  • Tax Value: 132500.00
  • Tax Location: Tryon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2021
Sold by
Town Of Tryon
Bought by
Fincher Ellis M and Fincher Linda H
Current Estimated Value
$1,007,000

Purchase Details

Listed on
Aug 1, 2020
Closed on
Oct 15, 2020
Sold by
Doheny Enterprises Inc
Bought by
Town Of Tryon
Seller's Agent
Cindy Viehman
Tryon Foothills Realty
Buyer's Agent
William Ingham
Thousand Pines Co. LLC.
List Price
$55,000
Sold Price
$42,500
Premium/Discount to List
-$12,500
-22.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
83.38%

Purchase Details

Closed on
Feb 29, 2016
Sold by
Longley Michael S and Longley Heather L
Bought by
Doheny Enterprises Inc

Purchase Details

Closed on
May 31, 2007
Sold by
Mace Terri L and Longley Terri
Bought by
Longley Michael S

Purchase Details

Closed on
Dec 31, 1997
Bought by
Longley Michael
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fincher Ellis M $160,000 None Available
Town Of Tryon $42,500 None Available
Doheny Enterprises Inc $385,000 None Available
Longley Michael S -- None Available
Longley Michael -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2020 10/16/20 Sold $42,500 -22.7% --
09/23/2020 09/23/20 Pending -- -- --
08/01/2020 08/01/20 For Sale $55,000 -- --
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 $4,621 $998,187 $100,000 $898,187
2024 $4,322 $741,518 $106,000 $635,518
2023 $2,339 $402,245 $106,000 $296,245
2022 $732 $132,500 $132,500 $0
2021 $732 $132,500 $132,500 $0
2020 $788 $132,500 $132,500 $0
2019 $788 $132,500 $132,500 $0
2018 $2,100 $366,829 $132,500 $234,329
2017 $2,100 $412,451 $132,500 $279,951
2016 $2,348 $412,451 $132,500 $279,951
2015 $2,268 $0 $0 $0
2014 $2,268 $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3642426

Canopy MLS (Canopy Realtor® Association)

APN: T11-A21