NOT LISTED FOR SALE

565 Town Mountain Dr Franklin, NC 28734

Estimated Value: $300,000 - $442,000

4 Beds
3 Baths
479 Sq Ft
$798/Sq Ft Est. Value

Last Sold March 01, 2024

Last sale price $415,000 $866 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,104/month

91 Days on Market

Highlights

  • Spa
  • Open Floorplan
  • Hilly Lot
  • Custom Home
  • Deck
  • Multiple Fireplaces

About This Home

As of March 2024

Spacious A-Frame home in town with spectacular sunset over long range mountain views! Comes with 2 additional lots across the street to protect the view. This A-Frame home has lots of room for a growing family, multi-generational family or would make a fantastic vacation rental. Sit on the front porch, or in the hot tub or the pool and watch the sunset and you'll feel like you're on top of the world! This home has remained in one family since it was built and it's had quite a few updates over the years but could use a little more. It's on City water and City sewer, has a paved road and driveway for easy access. This house is the ultimate place to host parties or family events. In the summer you can open all the sliding glass doors and entertain guests indoors and out. The basement has a huge family /rec room, and additional bonus rooms for office, and/or storage space. From the back balconies on the 2nd and 3rd floor you'll feel like you're in a tree house. Seller states new roof installed in 2021. New fence this year. Bring your imagination & come see all the potential this home has to offer.

Last Agent to Sell the Property

Lynda Suttles

Bald Head Realty Brokerage Phone: 8283690000 License #333287 Listed on: 10/27/2023

Last Buyer's Agent

Clifton Ingram

RE/MAX Awenasa Realty License #316760

RE/MAX Awenasa Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,273

Year Built

  • Built in 1978

Lot Details

  • 1.11 Acre Lot
  • Property fronts a state road
  • Fenced Yard
  • Level Lot
  • Hilly Lot

Parking

  • 1 Car Garage
  • Basement Garage
  • Open Parking

Home Design

  • Custom Home
  • Composition Roof
  • Wood Siding
  • Block And Beam Construction
  • Stone

Interior Spaces

  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Multiple Fireplaces
  • Wood Burning Fireplace
  • Insulated Windows
  • Living Area on First Floor
  • Combination Kitchen and Dining Room
  • Recreation Room
  • Bonus Room
  • Workshop
  • Partial Storm Protection
  • Property Views

Kitchen

  • Electric Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Concrete
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Interior and Exterior Basement Entry
  • Fireplace in Basement
  • Recreation or Family Area in Basement
  • Workshop
  • Finished Basement Bathroom

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Deck
  • Terrace
  • Outdoor Storage
  • Porch

Location

  • City Lot

Utilities

  • Window Unit Cooling System
  • Space Heater
  • Heating System Uses Wood
  • Baseboard Heating
  • Water Filtration System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Town Mountain Estates Subdivision
  • Stream

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 6595347414

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,273

Year Built

Built in 1978

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family,Residential
  • Prop. Type: Residential
  • Lot Size Acres: 1.11
  • Road Frontage Type: State Road
  • Road Surface Type: Paved
  • Ownership: More than One Year
  • Subdivision Name: Town Mountain Estates
  • Directions: Take E Main St to Left on Lakeside Dr, Turn Right on Town Mountain Dr, continue about 1/2 mile to the top and the house will be on the right. Road dead ends just past the house, you must leave the way you came.
  • Architectural Style: Custom, Other-See Remarks
  • Carport Y N: No
  • Garage Yn: Yes
  • Structure Type: Multi Family
  • Year Built: 1978
  • Kitchen Level: First
  • NAV27_rets_property_type: Residential
  • NAV27_AllowsVacationRentalYN: Yes
  • Special Features: None

Interior Features

  • Spa Features: Hot Tub/Spa
  • Private Spa: Yes
  • Appliances: Electric Water Heater, Dishwasher, Water Filter System, Exhaust Fan, Microwave, Electric Oven/Range, Refrigerator, Washer, Dryer
  • Has Basement: Partial, Recreation/Game Room, Workshop, Exterior Entry, Interior Entry, Finished Bath, Lower/Terrace
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: Doors-Storm Part
  • Fireplace Features: Basement, Wood Burning, Two or More
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Laminate, Concrete, Luxury Vinyl Plank
  • Interior Amenities: Bonus Room, Cathedral/Vaulted Ceiling, Ceiling Fan(s), Kitchen/Dining Room, Large Master Bedroom, Main Level Living, Primary on Main Level, Open Floorplan, Rec/Game Room, Workshop
  • Main Level Bathrooms: 1
  • Window Features: Insulated Windows
  • Room Bedroom2 Level: Second
  • Room Bedroom4 Area: 213
  • Room Bedroom4 Level: Basement
  • Living Room Living Room Level: First
  • Room Family Room Level: Basement
  • Room Bedroom3 Area: 238.5556
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom2 Area: 326.1389
  • Room Living Room Area: 621.8333
  • Room Bedroom3 Level: Second
  • Room Kitchen Area: 109.7917
  • Dining Room Dining Room Level: First
  • Master Bedroom Master Bedroom Width: 16.0833
  • Room Master Bedroom Area: 198.3611
  • Room Dining Room Area: 189.875
  • Room Family Room Area: 744.0694

Exterior Features

  • Fencing: Fenced Yard
  • Lot Features: Hilly/Steep, Level Yard, Rolling, Within City Limits, City Lot
  • Pool Features: Outdoor Pool
  • View: View Year Round
  • View: Yes
  • Home Warranty: No
  • Waterfront Elevation: 2334
  • Construction Type: Wood Siding, Stone, Block
  • Other Structures: Storage Building/Shed
  • Patio And Porch Features: Deck, Porch
  • Roof: Composition

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Garage-Single in Basement, Paved Driveway

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wood, Baseboard, Space Heater/Stove, Other
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cell Service Available
  • Water Source: Public
  • Telephone: Cell Service Available

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Size Sq Ft: 48351.6
  • Parcel #: 6595347414

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2273.31
  • Tax Book Number: N-38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
Feb 27, 2024
Sold by
Holland Michael D and Holland Gene
Bought by
Garner Marvin Edward and Marie Bell Garner Emily
Seller's Agent
Lynda Suttles
Bald Head Realty
Buyer's Agent
Clifton Ingram
RE/MAX Awenasa Realty
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%
Views
331
Current Estimated Value
$382,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,757
Avg. Annual Appreciation
-4.54%
Original Mortgage
$332,000
Outstanding Balance
$326,447
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$55,796

Purchase Details

Closed on
Apr 5, 2018
Sold by
Holland Mountain Properties Llc
Bought by
Holland Michael D and Broley Gene A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2017
Sold by
Holland Michael D and Michael D Holland Revocable Tr
Bought by
Holland Mountain Properties Llc

Purchase Details

Closed on
May 25, 2017
Sold by
Holland Jeffrey and Holland Family Trust
Bought by
Michael D Holland Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Garner Marvin Edward $415,000 None Listed On Document
Holland Michael D -- None Available
Holland Mountain Properties Llc -- None Available
Michael D Holland Revocable Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garner Marvin Edward $332,000
Previous Owner Holland Michael D $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2024 03/01/24 Sold $415,000 +4.0% $866 / Sq Ft
01/27/2024 01/27/24 Pending -- -- --
01/25/2024 01/25/24 Price Changed $399,000 -6.1% $833 / Sq Ft
10/27/2023 10/27/23 For Sale $425,000 -- $887 / 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 $1,143 $295,830 $37,200 $258,630
2024 $1,143 $295,830 $37,200 $258,630
2023 $1,071 $295,930 $37,200 $258,730
2022 $1,071 $204,840 $21,460 $183,380
2021 $1,039 $204,840 $21,460 $183,380
2020 $987 $204,840 $21,460 $183,380
2018 $901 $199,650 $18,360 $181,290
2017 $0 $199,650 $18,360 $181,290
2016 $881 $199,650 $18,360 $181,290
2015 $858 $199,650 $18,360 $181,290
2014 $749 $219,190 $20,640 $198,550
2013 -- $219,190 $20,640 $198,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26035087

APN: 6595347414