Seller's Agent in 2023
Collin O'Berry
Keller Williams Professionals
(828) 782-5582
10 in this area
187 Total Sales
55 Penny Ln Mars Hill, NC 28754
Estimated Value: $679,000 - $845,000
3
Beds
3.5
Baths
2,989
Sq Ft
$266/Sq Ft
Est. Value
Highlights
- Ski Accessible
- Spa
- Mountain View
- Madison Middle School Rated A-
- Open Floorplan
- Deck
About This Home
As of September 2023Perfectly set on a double lot at 4200' elevation, this charming log cabin offers your ideal getaway in the mountains! Long-range mountain views over layers of mountain ridges are showcased from every level of the home. The property has been operating as a successful short term rental, and is being sold fully furnished. The main floor features a welcoming open-concept living space with vaulted ceilings and cheerful natural light, perfect for entertaining family and loved ones! The upper level features 2 spacious bedrooms and privacy. The lower level features a second living space with kitchen, bedroom, sunny windows, laundry, and walk-out access to the deck. The kids' room offers bunk beds and games. Enjoy time well spent outdoors grilling, dining al-fresco, or enjoying the hot tub on multi-layers of decks. The convenient location is only minutes to Asheville, Mars Hill, the Appalachian Trail, skiing, shopping, and more. This cabin is optimal for either rental or personal use!
Last Agent to Sell the Property
Keller Williams Professionals Brokerage Email: collin.oberry@gmail.com License #274582 Listed on: 02/27/2023
Last Buyer's Agent
Non Member
Canopy Administration
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,103
Year Built
- Built in 2008
Lot Details
- Private Lot
- Lot Has A Rolling Slope
- Wooded Lot
- Property is zoned R-2
Parking
- Driveway
Home Design
- Cabin
- Wood Siding
- Log Siding
Interior Spaces
- 2-Story Property
- Open Floorplan
- Vaulted Ceiling
- Window Treatments
- Entrance Foyer
- Living Room with Fireplace
- Mountain Views
- Pull Down Stairs to Attic
- Home Security System
Kitchen
- Oven
- Microwave
- Dishwasher
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Basement
- Walk-Out Basement
- Walk-Up Access
- Interior Basement Entry
- Apartment Living Space in Basement
- Crawl Space
- Basement Storage
- Natural lighting in basement
Outdoor Features
- Spa
- Deck
- Wrap Around Porch
- Fire Pit
- Shed
Additional Homes
- Separate Entry Quarters
Schools
- Mars Hill Elementary School
- Madison Middle School
- Madison High School
Utilities
- Central Heating and Cooling System
- Wall Furnace
- Heat Pump System
- Heating System Uses Propane
- Propane
- Septic Tank
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 9851-95-5937
Community Details
Overview
- Wolf Ridge Subdivision
Recreation
- Ski Accessible
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 27, 2023
Closed on
Sep 21, 2023
Sold by
Kester Sean
Bought by
Cutts Robert and Cutts Ada
Seller's Agent
Collin O'Berry
Keller Williams Professionals
Buyer's Agent
Non Member
Canopy Administration
List Price
$850,000
Sold Price
$730,000
Premium/Discount to List
-$120,000
-14.12%
Views
212
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,232
Avg. Annual Appreciation
7.55%
Original Mortgage
$680,050
Interest Rate
6.96%
Mortgage Type
VA
Purchase Details
Closed on
Jan 13, 2021
Sold by
Rahnamoon Jared Alee and Dupont Stefany
Bought by
The Snugg Cabin Llc
Purchase Details
Closed on
Nov 6, 2020
Sold by
Steiger Margaret M
Bought by
Rahnamoon Jared Alee and Dupont Stefany
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
Listed on
Feb 18, 2013
Closed on
Dec 13, 2013
Sold by
Federal National Mortgage Association
Bought by
Camuglia Chris
Seller's Agent
Aaron Kraft
WEICHERT, Realtors - Unlimited
Buyer's Agent
Tom Ploski
Black Bear Realty, Inc.
List Price
$269,000
Sold Price
$137,500
Premium/Discount to List
-$131,500
-48.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.92%
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 and Fannie Mae
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cutts Robert | $730,040 | None Listed On Document | |
| The Snugg Cabin Llc | -- | Chicago Title Insurance Co | |
| Rahnamoon Jared Alee | $415,000 | None Available | |
| Camuglia Chris | -- | None Available | |
| Federal National Mortgage Association | $491,361 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cutts Robert | $698,999 | |
| Closed | Cutts Robert | $680,050 | |
| Previous Owner | Kester Sean | $450,000 | |
| Previous Owner | Rahnamoon Jared Alee | $373,500 | |
| Previous Owner | Camuglia Chris | $123,750 | |
| Previous Owner | Lindsey Guy L | $417,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/21/2023 09/21/23 | Sold | $730,000 | -5.8% | $244 / Sq Ft |
| 04/14/2023 04/14/23 | Price Changed | $775,000 | -3.0% | $259 / Sq Ft |
| 03/05/2023 03/05/23 | Price Changed | $799,000 | -6.0% | $267 / Sq Ft |
| 02/27/2023 02/27/23 | For Sale | $850,000 | +9.7% | $284 / Sq Ft |
| 05/02/2022 05/02/22 | Sold | $775,000 | 0.0% | $259 / Sq Ft |
| 04/02/2022 04/02/22 | For Sale | $774,900 | 0.0% | $259 / Sq Ft |
| 04/02/2022 04/02/22 | Pending | -- | -- | -- |
| 03/29/2022 03/29/22 | For Sale | $774,900 | +463.6% | $259 / Sq Ft |
| 01/16/2014 01/16/14 | Sold | $137,500 | -48.9% | $45 / Sq Ft |
| 11/25/2013 11/25/13 | Pending | -- | -- | -- |
| 02/18/2013 02/18/13 | For Sale | $269,000 | -- | $89 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $3,103 | $649,603 | $149,568 | $500,035 |
| 2023 | $2,459 | $416,829 | $126,821 | $290,008 |
| 2022 | $2,459 | $416,829 | $126,821 | $290,008 |
| 2021 | $0 | $416,829 | $126,821 | $290,008 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2023
Non Member
NC_CanopyMLS
-
Seller's Agent in 2022
Ralph Harvey
Listwithfreedom.com Inc
(855) 456-4945
2 in this area
11,035 Total Sales
-
Buyer's Agent in 2022
Ella Tzinberg
Keller Williams Professionals
(828) 545-0715
5 in this area
80 Total Sales
-
A
Seller's Agent in 2014
Aaron Kraft
WEICHERT, Realtors - Unlimited
-
T
Buyer's Agent in 2014
Tom Ploski
Black Bear Realty, Inc.
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4004977
APN: 9851-95-5937
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