NOT LISTED FOR SALE

55 Penny Ln Unit 67 & 68 Mars Hill, NC 28754

Estimated Value: $444,000

3 Beds
3.5 Baths
2,978 Sq Ft
$149/Sq Ft Est. Value

Last Sold November 18, 2020

Last sale price $415,000 $139 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,857/month

64 Days on Market

Highlights

  • Spa
  • Wood Flooring
  • Many Trees
  • Madison Middle School Rated A-
  • Corner Lot
  • Cabin

About This Home

As of November 2020

Opportunity to get away from it all and own your very own mountain retreat! This Cabin is nestled in the beautiful Blue Ridge Mountains of Western North Carolina with breathtaking layered long range mountain views! Feel the love and care that went into building this home from the original owner, now being passed onto a new owner. Home offers the opportunity for short term rental with an already rich history on several big name vacation rental sites. Cabin is coming fully furnished making it move in ready and cabin exterior freshly stained. 35 Minutes to Asheville and 20 minutes to Weaverville. Enjoy peaceful evenings and cool summers with elevation over 4000 ft above sea level. Includes adjoining Lot 67 which is a corner next door on the west side. Wolf Ridge is not Part of the Wolf Laurel Gated Community

Last Agent to Sell the Property

Derrick Erb

Dwell Realty Group License #301903 Listed on: 07/24/2020

Last Buyer's Agent

Katie Wangrin

Preferred Properties License #284524

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2008

Lot Details

  • Corner Lot
  • Cleared Lot
  • Many Trees

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • Gravel Driveway

Home Design

  • Cabin
  • Log Siding

Flooring

  • Wood
  • Laminate
  • Tile

Outdoor Features

  • Spa
  • Outbuilding

Additional Features

  • Septic Tank

Community Details

  • Wolf Ridge Poa

Listing and Financial Details

  • Assessor Parcel Number 9851-95-6967

Home Details

Home Type

Single Family

Year Built

Built in 2008

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Cabin
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.98341
  • Ratio Close Price By Original Li: 0.98341
  • Ratio Current Price By Acre: 273026.32
  • Ratio Current Price By Sq Ft: 139.36
  • Year Built: 2008
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance, Block
  • Upper Level Sq Ft: 762
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Dishwasher, Disposal, Electric Oven, Electric Range, Exhaust Fan, Microwave, Propane, Refrigerator
  • Fireplace Description: Living Room, Propane
  • Flooring: Laminate Wood, Tile, Wood
  • Interior Amenities: Vaulted Ceiling
  • Laundry Location: Main, Basement
  • Room Count: 3
  • Sq Ft Basement: 1100
  • Main Level Sq Ft: 1116
  • Total Sq Ft: 2978
  • Sq Ft Unheated Main: 208
  • Sq Ft Unheated Total: 208

Exterior Features

  • Construction: Concrete Block, Log, Wood
  • Construction Type: Site Built
  • Exterior Features: Hot Tub, Outbuilding

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway, Parking Space - 2

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 50.00
  • Association Fee Frequency: Monthly
  • HOA Management Company: Wolf Ridge POA
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Features: Cleared, Corner Lot, Long Range View, Mountain View, Rolling, Sloping, Steep, Trees, Views, Winter View, Year Round View
  • Lot Size Area: 1.520
  • Parcel Number: 9851-95-6967
  • Plat Book Slide: 0005/0289
  • Zoning Specification: R-2

Tax Info

  • Tax Value: 302685.00
  • Tax Location: Madison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2020
Closed on
Jan 13, 2021
Sold by
Rahnamoon Jared Alee and Dupont Stefany
Bought by
The Snugg Cabin Llc
Seller's Agent
Derrick Erb
Dwell Realty Group
Buyer's Agent
Katie Wangrin
Preferred Properties
List Price
$422,000
Sold Price
$415,000
Premium/Discount to List
-$7,000
-1.66%
Current Estimated Value
$444,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,000

Purchase Details

Listed on
Jul 24, 2020
Closed on
Nov 6, 2020
Sold by
Steiger Margaret M
Bought by
Rahnamoon Jared Alee and Dupont Stefany
Seller's Agent
Derrick Erb
Dwell Realty Group
Buyer's Agent
Katie Wangrin
Preferred Properties
List Price
$422,000
Sold Price
$415,000
Premium/Discount to List
-$7,000
-1.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2017
Sold by
Camuglia Chris and Camuglia Krista
Bought by
Steiger John E and Steiger Margaret M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2013
Sold by
Federal National Mortgage Association
Bought by
Camuglia Chris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2012
Sold by
Lindsey Guy L and Lindsey Wanda C
Bought by
Federal National Mortgage Association
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
The Snugg Cabin Llc -- Chicago Title Insurance Co
Rahnamoon Jared Alee $415,000 None Available
Steiger John E $230,000 None Available
Camuglia Chris -- None Available
Federal National Mortgage Association $491,361 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rahnamoon Jared Alee $373,500
Previous Owner Steiger John E $184,000
Previous Owner Camuglia Chris $123,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2020 11/18/20 Sold $415,000 -1.7% $139 / Sq Ft
09/26/2020 09/26/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $422,000 0.0% $142 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
07/24/2020 07/24/20 For Sale $422,000 -- $142 / 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
2020 $2,265 $353,419 $63,411 $290,008
2019 -- $302,685 $62,320 $240,365
2018 -- $0 $0 $0
2017 -- $0 $0 $0
2016 -- $0 $0 $0
2015 -- $0 $0 $0
2013 -- $302,685 $62,320 $240,365
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3642845

Canopy MLS (Canopy Realtor® Association)

APN: 9851-95-6967