NOT LISTED FOR SALE

550 Ken Cove Rd Hot Springs, NC 28743

Estimated Value: $429,486 - $685,000

4 Beds
3 Baths
2,137 Sq Ft
$259/Sq Ft Est. Value

Last Sold April 10, 2017

Last sale price $268,000 $125 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,134/month

266 Days on Market

Highlights

  • Waterfront
  • Private Lot
  • Wood Flooring
  • Madison Middle School Rated A-
  • Creek On Lot
  • Wood Burning Fireplace

About This Home

As of April 2017

Beautiful mountain cabin on 3 acres bordering a pristine creek. Spacious master suite on main level. Vaulted ceilings in great room with lots of light. Great kitchen, Brazilian cherry floors, two sided gas fireplace, pantry/laundry. three additional bedrooms on lower level, 2 opening to a patio. Large workshop. Mountain and pastoral views.

Last Agent to Sell the Property

Cindy and Steve Dubose

Listed on: 04/12/2016

Last Buyer's Agent

Cindy and Steve Dubose

Listed on: 04/12/2016

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1988

Lot Details

  • Waterfront
  • Private Lot
  • Property is zoned Residential Acreage

Parking

  • Gravel Driveway

Interior Spaces

  • 3 Full Bathrooms
  • Wood Burning Fireplace
  • Wood Flooring

Outdoor Features

  • Creek On Lot

Utilities

  • Heating System Uses Propane
  • Well
  • Shared Septic

Listing and Financial Details

  • Assessor Parcel Number 8743-76-0738
  • Tax Block 582

Home Details

Home Type

Single Family

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Ratio Close Price By List Price: 0.93056
  • Ratio Close Price By Original Li: 0.90847
  • Ratio Current Price By Acre: 89333.33
  • Ratio Current Price By Sq Ft: 125.41
  • Year Built: 1988
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Fully Finished
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Equipment: Dishwasher, Microwave, Exhaust Hood, Refrigerator
  • Fireplace Description: Great Room, Wood Burning
  • Flooring: Wood
  • Laundry Location: Basement
  • Room Count: 1
  • Sq Ft Basement: 826
  • Main Level Sq Ft: 1311
  • Total Sq Ft: 2137

Exterior Features

  • Construction: Stone Veneer, Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel

Utilities

  • Heating: Gas Hot Air Furnace, Propane
  • Sewer: Shared Septic
  • Water: Well

Schools

  • Elementary School: Hot Springs
  • Middle School: Madison
  • High School: Madison

Lot Info

  • Lot Features: Waterfront, Long Range View, Private, Creekfront
  • Lot Size Area: 3.000
  • Parcel Number: 8743-76-0738
  • Plat Book Slide: 6
  • Plat Reference Section Pages: 473
  • Zoning: Residential Acreage
  • Zoning Specification: R-A

Tax Info

  • Tax Value: 166926.00
  • Tax Amount Ncm: 870.00
  • Tax Block: 582
  • Tax Location: Madison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2016
Closed on
Apr 7, 2017
Sold by
Collins Michael E and Collins Virginia B
Bought by
Crotts Everette B
Seller's Agent
Cindy and Steve Dubose
Buyer's Agent
Cindy and Steve Dubose
List Price
$295,000
Sold Price
$268,000
Premium/Discount to List
-$27,000
-9.15%
Current Estimated Value
$552,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,622
Avg. Annual Appreciation
8.75%
Original Mortgage
$213,600
Outstanding Balance
$115,222
Interest Rate
4.21%
Mortgage Type
New Conventional
Estimated Equity
$426,112

Purchase Details

Closed on
May 31, 2007
Sold by
Yantiss Robert D and Yantiss Mary W
Bought by
Lewis Justin W and Lewis Joyce L
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
Crotts Everette B $267,000 None Available
Lewis Justin W $205,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crotts Everette B $213,600
Previous Owner Yantiss Robert D $150,000
Previous Owner Yantiss Mary W $39,240
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2017 04/10/17 Sold $268,000 -9.2% $125 / Sq Ft
01/03/2017 01/03/17 Pending -- -- --
04/12/2016 04/12/16 For Sale $295,000 -- $138 / 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
2024 $1,471 $322,700 $56,040 $266,660
2023 $1,166 $182,651 $36,630 $146,021
2022 $1,166 $182,651 $36,630 $146,021
2021 $1,166 $182,651 $36,630 $146,021
2020 $1,166 $182,651 $36,630 $146,021
2019 $1,128 $166,928 $33,593 $133,335
2018 $918 $0 $0 $0
2017 $901 $0 $0 $0
2016 $901 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $166,926 $33,592 $133,334
2013 -- $166,926 $33,592 $133,334
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3165857

Canopy MLS (Canopy Realtor® Association)

APN: 8743-76-0738