NOT LISTED FOR SALE

575 Butternut Ln Unit 10 Brevard, NC 28712

Estimated Value: $793,444 - $865,000

2 Beds
3 Baths
1,874 Sq Ft
$442/Sq Ft Est. Value

Last Sold October 02, 2017

Last sale price $230,000 $123 Per Sq Ft

Est. 260% increase in value since last sale

Current estimated payment $4,853/month

433 Days on Market

Highlights

  • Golf Course Community
  • Clubhouse
  • Private Lot
  • Community Lake
  • Wood Burning Stove
  • Wooded Lot

About This Home

As of October 2017

Very comfortable mountain home in a private setting close to Trout Lake. Designed by an engineer who paid tremendous attention to details that make for a quality home. Vaulted and beamed ceiling in living room and dining room areas and wood burning stove with heatilator that makes for a cozy mountain setting. Spacious master bedroom. Newer heat pump. Community walking trails (28 miles), heated swimming pool, 5 lakes, tennis courts and par 3 golf course. Buyer pays one time amenity fee of $3000.

Last Agent to Sell the Property

Demi Loftis

Looking Glass Realty License #236047 Listed on: 05/18/2016

Last Buyer's Agent

Billy Harris

Howard Hanna Beverly-Hanks Brevard South License #220801

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1976

Lot Details

  • Private Lot
  • Wooded Lot

HOA Fees

  • $121 Monthly HOA Fees

Home Design

  • Cabin
  • Slab Foundation

Interior Spaces

  • 3 Full Bathrooms
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Insulated Windows
  • Vinyl Flooring
  • Storm Doors

Listing and Financial Details

  • Assessor Parcel Number 8592-67-6363-000

Community Details

Overview

  • Cathy Nell Association, Phone Number (828) 877-6609
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 1976

Lot Details

0

HOA Fees

$121 per month

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Cabin
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.92037
  • Ratio Close Price By Original Li: 0.83636
  • Ratio Current Price By Acre: 214953.27
  • Ratio Current Price By Sq Ft: 122.73
  • Special Assessment Description: $3000 1 time fee pd by buyer
  • Special Assessment Yn: Yes
  • Year Built: 1976
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Inside Entrance, Basement Outside Entrance, Basement Partially Finished, Block, Slab
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 2
  • Doors and Windows: Insulated Windows, Storm Door(s)
  • Equipment: Ceiling Fan(s), Cable Prewire, Dryer, Dishwasher, Electric Range, Refrigerator, Washer, Electric Oven
  • Fireplace Description: Living Room, Wood Burning, Woodstove
  • Fireplace: Yes
  • Flooring: Vinyl, Carpet
  • H O A Management Phone: 828-877-6609
  • Interior Amenities: Basement Shop, Built-Ins, Pantry, Vaulted Ceiling
  • Laundry Location: Main
  • Room Count: 2
  • Sq Ft Basement: 470
  • Main Level Sq Ft: 1404
  • Total Sq Ft: 1874
  • Sq Ft Unheated Basement: 400
  • Sq Ft Unheated Total: 400

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt
  • Parking: Driveway, Parking Space - 4+

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat, Woodstove
  • Sewer: Septic Tank
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Club House, Golf Course, Lake, Outdoor Pool, Tennis Court(s), Walking Trails
  • Association Fee: 1449.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Cathy Nell
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Brevard
  • Middle School: Brevard
  • High School: Brevard

Lot Info

  • Lot Dimension: 226x133x265x249
  • Lot Features: Private, Wooded
  • Lot Size Area: 1.070
  • Parcel Number: 8592-67-6363-000
  • Plat Reference Section Pages: 240
  • Zoning: Residential

Tax Info

  • Tax Value: 198540.00
  • Tax Amount Ncm: 1023.00
  • Tax Location: Transylvania

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2024
Sold by
Keim Elizabeth and Keim Keith
Bought by
Cole Michael B and Cole Amy
Current Estimated Value
$828,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Outstanding Balance
$634,967
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$193,394

Purchase Details

Closed on
Feb 25, 2022
Sold by
Spence Lauren K
Bought by
Keim Elizabeth

Purchase Details

Closed on
Oct 30, 2018
Sold by
575 Butternut Llc
Bought by
Spence Lauren K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 18, 2016
Closed on
Nov 30, 2017
Sold by
Le Tuan Hoang
Bought by
575 Butternut Llc
Seller's Agent
Demi Loftis
Looking Glass Realty
Buyer's Agent
Billy Harris
Howard Hanna Beverly-Hanks Brevard South
List Price
$275,000
Sold Price
$230,000
Premium/Discount to List
-$45,000
-16.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.32%
Original Mortgage
$225,000
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 1, 2014
Bought by
Mcclure Thomas Gadsden
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
Cole Michael B $825,000 None Listed On Document
Keim Elizabeth -- Baucom Claytor Benton Morgan &
Spence Lauren K $110,000 None Available
575 Butternut Llc -- Austin Title Llc
Mcclure Thomas Gadsden -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cole Michael B $640,000
Previous Owner Spence Lauren K $99,000
Previous Owner 575 Butternut Llc $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2017 10/02/17 Sold $230,000 -16.4% $123 / Sq Ft
07/25/2017 07/25/17 Pending -- -- --
05/18/2016 05/18/16 For Sale $275,000 -- $147 / 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 $3,874 $806,250 $60,000 $746,250
2024 $1,663 $252,620 $50,000 $202,620
2023 $1,663 $252,620 $50,000 $202,620
2022 $1,663 $252,620 $50,000 $202,620
2021 $1,650 $252,620 $50,000 $202,620
2020 $1,627 $233,780 $0 $0
2019 $1,615 $233,780 $0 $0
2018 $1,138 $191,470 $0 $0
2017 $1,125 $191,470 $0 $0
2016 $1,107 $191,470 $0 $0
2015 $886 $198,540 $50,000 $148,540
2014 $886 $198,540 $50,000 $148,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3178357

Canopy MLS (Canopy Realtor® Association)

APN: 8592-67-6363-000