NOT LISTED FOR SALE

56 Watson Cove Rd Franklin, NC 28734

Estimated Value: $365,000 - $459,000

3 Beds
3 Baths
1,320 Sq Ft
$309/Sq Ft Est. Value

Last Sold July 27, 2023

Last sale price $305,000 $231 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,269/month

22 Days on Market

Highlights

  • 4.26 Acre Lot
  • Ranch Style House
  • Wood Flooring
  • Private Lot
  • Partially Wooded Lot
  • No HOA

About This Home

As of July 2023

Lovely setting in the Burningtown community! Here, you can escape it all and enjoy the tranquil atmosphere. This private, unrestricted, 4.26-acre tract is tucked away and offers a 3 bed, 3 bath home, and a detached garage/workshop. Home has a double carport and a large front porch to sit and enjoy the views. With some tree clearing, you would have excellent mountain views. Inside is a great kitchen and formal dining room. The living room is spacious, with large windows overlooking the front yard. 3 beds and 2 baths on the main floor. Downstairs is an unfinished basement with another full bath. There's plenty of storage found on the lower level, which has the potential to be a great workshop area. Outside is an oversized workshop/detached garage that would be an excellent area for woodworking or mechanics. With over 4 acres, you have plenty of privacy here but little yard maintenance. A unique gem to see! Virtual tour and 3d walkthrough available!

Last Agent to Sell the Property

Jessica Mason

Mason Peak Mountain Properties, LLC Brokerage Phone: 8286341615 License #284086 Listed on: 05/17/2023

Last Buyer's Agent

Candice Sunderhaus

RE/MAX Elite Realty License #326108

RE/MAX Elite Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $574

Year Built

  • Built in 1979

Lot Details

  • 4.26 Acre Lot
  • Private Lot
  • Partially Wooded Lot

Parking

  • 4 Garage Spaces | 2 Attached and 2 Detached
  • 2 Attached Carport Spaces

Home Design

  • Ranch Style House
  • Traditional Architecture
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • Ceiling Fan
  • Insulated Windows
  • Window Screens
  • Formal Dining Room
  • Workshop
  • Property Views

Kitchen

  • Country Kitchen
  • Gas Oven or Range
  • Microwave

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms
  • Bathtub Includes Tile Surround

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Fireplace in Basement
  • Finished Basement Bathroom

Outdoor Features

  • Outbuilding
  • Porch

Utilities

  • Window Unit Cooling System
  • Heating System Powered By Owned Propane
  • Baseboard Heating
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 6566041144

Home Details

Home Type

Single Family

Est. Annual Taxes

$574

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Lot Size Acres: 4.26
  • Road Surface Type: Gravel
  • Ownership: More than One Year
  • Subdivision Name: None
  • Directions: GPS location verified as correct on Google. From DT Franklin, head north on Bryson City Rd/NC-28 for 2.5 miles. Turn Lt onto Airport Rd and proceed 2.3 miles. Continue straight at 4-way onto Olive Hill Rd and proceed 3.5 miles. Turn Rt onto Watson Rd and Rt again at Watson Cove Rd. Property is 1st driveway to your Lt.
  • Architectural Style: Ranch/Single, Traditional
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Year Built: 1979
  • Kitchen Level: First
  • NAV27_rets_property_type: Residential
  • Attribution Contact: 8286341615
  • NAV27_AllowsVacationRentalYN: No
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Appliances: Electric Water Heater, Microwave, Gas Oven/Range, Refrigerator, Washer, Dryer
  • Has Basement: Full, Interior Entry, Finished Bath
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Basement, None
  • Fireplace: No
  • Flooring: Hardwood, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Ceramic Tile Bath, Country Kitchen, Formal Dining Room, Primary w/Ensuite, Primary on Main Level, Workshop
  • Main Level Bathrooms: 2
  • Window Features: Insulated Windows, Screens
  • Room Bedroom2 Level: First
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom3 Level: First
  • Dining Room Dining Room Level: First

Exterior Features

  • Lot Features: Private, Unrestricted
  • View: View-Winter
  • View: Yes
  • Home Warranty: No
  • Waterfront Elevation: 2260
  • Construction Type: Wood Siding
  • Other Structures: Outbuilding/Workshop
  • Patio And Porch Features: Porch
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2
  • Covered Parking Spaces: 4
  • Garage Spaces: 2
  • Parking Features: Garage-Double Detached, Carport-Double Attached

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well, Private, See Remarks
  • Gas Company: Propane Tank: Owned

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Size Sq Ft: 185565.6
  • Parcel #: 6566041144

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 574.33
  • Tax Book Number: P-17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2023
Closed on
Jul 25, 2023
Sold by
Benkis Jennifer
Bought by
Alexander Bruce D and Alexander Gayle R
Seller's Agent
Jessica Mason
Mason Peak Mountain Properties, LLC
Buyer's Agent
Candice Sunderhaus
RE/MAX Elite Realty
List Price
$329,000
Sold Price
$305,000
Premium/Discount to List
-$24,000
-7.29%
Views
32
Current Estimated Value
$407,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,920
Avg. Annual Appreciation
14.13%
Original Mortgage
$244,000
Outstanding Balance
$238,071
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$169,849

Purchase Details

Closed on
Nov 23, 1987
Sold by
Swafford Joseph
Bought by
Benkis Edwin
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
Alexander Bruce D $305,000 None Listed On Document
Benkis Edwin $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alexander Bruce D $244,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2023 07/27/23 Sold $305,000 -7.3% $231 / Sq Ft
06/10/2023 06/10/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $329,000 -- $249 / Sq Ft
Source: Carolina Smokies Association 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 $1,175 $293,210 $67,050 $226,160
2024 $1,175 $293,210 $67,050 $226,160
2023 $574 $293,210 $67,050 $226,160
2022 $574 $133,600 $41,410 $92,190
2021 $565 $141,400 $41,410 $99,990
2020 $542 $141,400 $41,410 $99,990
2018 $526 $152,520 $51,120 $101,400
2017 $0 $152,520 $51,120 $101,400
2016 $512 $152,520 $51,120 $101,400
2015 $489 $152,520 $51,120 $101,400
2014 $456 $176,780 $57,080 $119,700
2013 -- $176,780 $57,080 $119,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26030501

APN: 6566041144