$1,650,000
SOLD APR 9, 2021

551 Hickory Gap Rd Franklin, NC 28734

4 Beds
5 Baths
2,559 Sq Ft
29.69 Acres

Recently Sold

$645 Per Sq Ft

34% Below List Price

361 Days on Market

Highlights

  • Spa
  • View of Trees or Woods
  • Wood Burning Stove
  • Home fronts a pond
  • Fireplace in Kitchen
  • Spring on Lot

About This Home

As of April 2021

Seldom will you come across a legacy estate with such bespoke detail, offered publicly. Pure enchantment envelopes Walnut Grove. The sound of meandering creeks echo throughout the 30 acre grounds. Located in the Highlands region, Walnut Grove is tucked away near Highlands & Franklin. Easy two hour drive from ATL. Offering every amenity to keep you in total relaxation. All modern conveniences.. sunroom w/ koi pond, stunning dining room, craft room, office, spacious bedroom suites, heated floors, steam rm, wine cellar, and spiral staircase to observation tower. You'll be lured outside to enjoy the many terraces, porches and nooks to curl up with a book. Natural oasis awaits w/ pool, spa, waterfall, pool house, outdoor kitchen and fireplace, 3 car garage, hammock enclave over the creek and a stunning secret garden, add to the allure. A chicken coup, pasture, barn guest house, large studio and majestic pond round out this dreamy mountain home. Fireplace Features: 2 or more

Last Agent to Sell the Property

Damian Hall

Ivester Jackson Blackstream LLC Brokerage Phone: 8285510447 Listed on: 02/20/2020

Last Buyer's Agent

Damian Hall

Ivester Jackson Blackstream LLC Brokerage Phone: 8285510447 Listed on: 02/20/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,493

Year Built

  • Built in 1991

Lot Details

  • Home fronts a pond
  • Home fronts a stream
  • Wooded Lot
  • Garden

Parking

  • 2 Car Garage

Property Views

  • Pond
  • Woods

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • Wired For Sound
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Workshop
  • Screened Porch
  • Home Security System
  • Dryer

Kitchen

  • Breakfast Bar
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • Crawl Space

Outdoor Features

  • Spa
  • Spring on Lot
  • Outdoor Water Feature

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Spring water is a source of water for the property
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 7510085558

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,493

Year Built

Built in 1991

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Water Body Name: White Rock Creek
  • Subdivision Name: None
  • Directions: Tessentee Road to veer left onto Hickory Gap Road. Property on right. Second gate. No sign.
  • Architectural Style: Cottage
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1991
  • Attribution Contact: 8285510447
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Built-In Oven, Dryer, Dishwasher, Exhaust Fan, Freezer, Disposal, Gas Oven, Ice Maker, Microwave, Refrigerator, Trash Compactor, Warming Drawer, Washer
  • Has Basement: Crawl Space, Full, Finished, Heated, Other, Bath/Stubbed
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Basement, Den, Kitchen, Living Room, Wood Burning, Wood BurningStove
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Cathedral Ceiling(s), Separate/Formal Dining Room, Garden Tub/Roman Tub, Kitchen Island, Pantry, Walk-In Closet(s), Workshop, Wired for Sound
  • Window Features: Skylight(s), Window Treatments

Exterior Features

  • Lot Features: Partially Cleared, Pond on Lot, Spring, Wooded, Waterfall
  • View: Pond, Creek/Stream, Trees/Woods
  • View: Yes
  • Waterfront Features: Pond, Stream
  • Construction Type: Wood Siding
  • Exterior Features: Garden, Gas Grill, Water Feature
  • Other Structures: Guest House, Gazebo, Shed(s)
  • Patio And Porch Features: Covered, Front Porch, Porch, Screened, Side Porch
  • Roof: Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Concrete, Garage, Two Car Garage, Three Car Garage, Gravel, Other, Paved

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Security System
  • Cooling: Central Air, Electric, Heat Pump, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump, Zoned
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Spring, Well

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Lot Info

  • Parcel #: 7510085558
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 6493.32
  • Tax Lot: n/a
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2020
Closed on
Apr 9, 2021
Sold by
Quigley Cathleen Thomas
Bought by
Sawyer Thomas R and Sawyer Myra L
Seller's Agent
Damian Hall
Ivester Jackson Blackstream
Buyer's Agent
Damian Hall
Ivester Jackson Blackstream
List Price
$2,250,000
Sold Price
$1,650,000
Premium/Discount to List
-$600,000
-26.67%
Current Estimated Value
$2,727,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,077,694
Avg. Annual Appreciation
11.87%
Original Mortgage
$1,200,000
Outstanding Balance
$1,081,706
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,645,988

Purchase Details

Closed on
Jun 27, 2019
Sold by
Quigley Mary E
Bought by
Quigley Cathleen Thomas and Quigley Thomas J

Purchase Details

Closed on
Apr 30, 2001
Sold by
Quigley Thomas J
Bought by
Quigley Thomas J
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $1,650,000 None Available
Warranty Deed $1,650,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,200,000 Future Advance Clause Open End Mortgage
Closed $1,200,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $1,650,000 0.0% $645 / Sq Ft
04/09/2021 04/09/21 Sold $1,650,000 -26.7% $226 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
02/16/2021 02/16/21 Pending -- -- --
07/27/2020 07/27/20 For Sale $2,250,000 -10.0% $308 / Sq Ft
02/20/2020 02/20/20 For Sale $2,500,000 -- $977 / Sq Ft
Source: Highlands-Cashiers Board of REALTORS®

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 $7,288 $1,846,830 $381,340 $1,465,490
2024 $7,288 $1,846,830 $381,340 $1,465,490
2023 $7,251 $1,846,530 $381,340 $1,465,190
2022 $7,330 $1,262,810 $132,320 $1,130,490
2021 $7,330 $1,401,110 $132,320 $1,268,790
2020 $6,532 $1,401,110 $132,320 $1,268,790
2018 $6,455 $1,490,260 $156,710 $1,333,550
2017 $6,455 $1,490,260 $156,710 $1,333,550
2016 $6,455 $1,490,260 $156,710 $1,333,550
2015 $6,332 $1,490,260 $156,710 $1,333,550
2014 $5,800 $1,702,470 $483,730 $1,218,740
2013 -- $1,702,470 $483,730 $1,218,740
Source: Public Records

Agents Affiliated with this Home

  • Damian Hall

    Seller's Agent in 2021

    Damian Hall

    Ivester Jackson Blackstream LLC

    (828) 817-2046

    2 in this area

    89 Total Sales

    Damian Hall
    Section Image
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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 92969

APN: 7510085558

North Carolina Macon County Franklin 28734

551 Hickory Gap Rd, Franklin, NC

This home is located at 551 Hickory Gap Rd, Franklin, NC 28734 and is currently priced at $1,650,000, approximately $644 per square foot. This property was built in 1991. 551 Hickory Gap Rd is a home located in Macon County with nearby schools including South Macon Elementary School, Mountain View Intermediate School, and Macon Middle School.

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