NOT LISTED FOR SALE

550 Overlook Dr Mars Hill, NC 28754

Estimated Value: $622,000 - $1,197,000

3 Beds
3.5 Baths
3,450 Sq Ft
$270/Sq Ft Est. Value

Last Sold July 12, 2019

Last sale price $595,000 $172 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,298/month

16 Days on Market

Highlights

  • Ski Accessible
  • Equestrian Center
  • Spa
  • Golf Course Community
  • Fitness Center
  • Gated Community

About This Home

As of July 2019

Large parcel of 2.6 acres, Fantastic View- Year round!!Beautifully crafted home with custom everything. Hand crafted cabinetry , even in closets. Master suite -spacious & private. Tile baths, granite on all counters. Laundry off Kitchen on main level, large office space. 2 Gazebos on deck. Large decks great for entertaining. Basement has a family room with 2nd fireplace, custom bar area with a screened porch. Basement garage and a detached garage on main level. Comes mostly furnished. Great value!

Last Agent to Sell the Property

Jane Wallin

Mountain Laurel Realty Brokerage Email: janewallin@earthlink.net License #162518 Listed on: 05/17/2019

Last Buyer's Agent

Jane Wallin

Mountain Laurel Realty Brokerage Email: janewallin@earthlink.net License #162518 Listed on: 05/17/2019

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • 2.6

HOA Fees

  • $125 Monthly HOA Fees

Home Design

  • Wood Siding
  • Stone Siding

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Cathedral Ceiling
  • Propane Fireplace
  • Window Treatments
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Screened Porch
  • Mountain Views

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • Detached Garage
  • Basement Garage
  • 4 Open Parking Spaces

Outdoor Features

  • Spa
  • Deck

Horse Facilities and Amenities

  • Equestrian Center
  • Riding Trail

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Septic Tank

Additional Features

  • More Than Two Accessible Exits
  • 2.6 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 986204621162000

Community Details

Overview

  • Bmoa Association, Phone Number (828) 689-9565
  • Wolf Laurel Subdivision
  • Mandatory home owners association

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Ski Accessible

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2004
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: One
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 172.46
  • Attribution Contact: janewallin@earthlink.net
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Hot Tub, Open Floorplan, Pantry, Split Bedroom, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 3050
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
  • Above Grade Finished Sq Ft: 3050
  • Accessibility Features: Two or More Access Exits
  • Has Basement: Basement, Basement Garage Door, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 400
  • Fireplace Features: Family Room, Living Room, Propane
  • Living Area: 3450
  • Window Features: Window Treatments
  • Bedroom Main: 3
  • Bedroom Basement: 0

Exterior Features

  • Exterior Features: Hot Tub
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Long Range, Mountain(s), Year Round
  • Waterfront Features: None
  • Construction Type: Stone, Wood
  • Patio And Porch Features: Deck, Screened

Garage/Parking

  • Main Level Garage YN: 1
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Basement, Detached Garage, Parking Space(s)

Utilities

  • Heating: Natural Gas
  • Sewer: Septic Installed
  • Laundry Features: Main Level
  • Security: Security Service
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Fitness Center, Gated, Golf, Outdoor Pool, Ski Slopes, Street Lights, Tennis Court(s)
  • Association Fee: 125
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Association Name: BMOA
  • Phone: 828-689-9565
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 986204621162000
  • Zoning: RES
  • Horse Amenities: Equestrian Facilities, Riding Trail
  • Lot Size Acres: 2.6
  • Lot Size Sq Ft: 113256
  • ResoLotSizeUnits: Acres
  • Zoning Specification: Res

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2019
Closed on
Jul 12, 2019
Sold by
L & A Holdings Inc
Bought by
Kawa John C and Kawa Jean E
Seller's Agent
Jane Wallin
Mountain Laurel Realty
Buyer's Agent
Jane Wallin
Mountain Laurel Realty
List Price
$615,000
Sold Price
$595,000
Premium/Discount to List
-$20,000
-3.25%
Current Estimated Value
$932,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$337,997
Avg. Annual Appreciation
7.12%
Original Mortgage
$500,000
Outstanding Balance
$438,045
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$494,952

Purchase Details

Closed on
Sep 4, 2010
Sold by
Risher James Davis and Risher Valerie
Bought by
L & A Holdings Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kawa John C -- --
L & A Holdings Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kawa John C $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2019 07/12/19 Sold $595,000 -3.3% $172 / Sq Ft
06/02/2019 06/02/19 Pending -- -- --
05/17/2019 05/17/19 For Sale $615,000 -- $178 / 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
2025 $4,099 $719,100 $116,400 $602,700
2024 $4,099 $719,100 $116,400 $602,700
2023 $2,826 $434,790 $62,200 $372,590
2022 $2,770 $434,790 $62,200 $372,590
2021 $2,826 $434,790 $62,200 $372,590
2020 $2,826 $434,790 $62,200 $372,590
2019 $2,826 $434,790 $62,200 $372,590
2018 $2,826 $434,790 $62,200 $372,590
2017 $2,826 $434,790 $62,200 $372,590
2016 $2,826 $434,790 $62,200 $372,590
2015 $3,220 $585,480 $148,900 $436,580
2014 $3,220 $585,480 $148,900 $436,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3508631

Canopy MLS (Canopy Realtor® Association)

APN: 986204621162.000