NOT LISTED FOR SALE

586 Cane Creek Rd Fletcher, NC 28732

Estimated Value: $623,040 - $741,000

28 Acres
$24,125 Price per Acre
1,219,680 Sq Ft Lot

Last Sold March 14, 2024

Last sale price $635,000 $314 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,859/month

5 Days on Market

Highlights

  • Water Views
  • Pasture
  • Level Lot
  • Glen Arden Elementary School Rated A-
  • Access to stream, creek or river

About This Lot

As of March 2024

Rare tract of pasture land in the Cane Creek Valley. Mountain views, mostly pasture, nearly 900' of frontage on native trout creek, lovely pond & 2 small streams make this as extraordinary find in a prime location. The home appears to be solid but needs a total remodel including HVAC system. It has not been lived in for several years, is being sold "as is, where is". Sellers are unable to remove contents and have priced the property considering remodeling/updating costs and the bulk of the land being in a flood zone. A massive creek conservation project was done in 2016 on the Cane Creek frontage to help control erosion & flooding. A similar project is underway further upstream. A portion of the land is leased to a dairy farmer. Please note, there is a small tract of land on Mills Gap Road that goes with this property & could be sold will little or no impact on the remainder or the house. based on the GIS plat, the house does not appear to be in the flood zone. Buried oil tank

Last Agent to Sell the Property

Karen Cernek

Cool Mountain Realty Brokerage Email: karen@therelopro.com License #137588 Listed on: 12/29/2023

Last Buyer's Agent

Billy Taylor

Allen Tate/Beverly-Hanks Fletcher License #81063

Allen Tate/Beverly-Hanks Fletcher

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,153

Lot Details

  • Level Lot
  • Cleared Lot
  • Possible uses of the property include Agricultural, Cattle, Development, Farm, Gardening, Horses
  • Property is zoned R-LD

Property Views

  • Water
  • Mountain

Schools

  • Cane Creek Middle School

Additional Features

  • Access to stream, creek or river
  • Pasture
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 9663-46-0402-00000

Property Details

Property Type

Land

Est. Annual Taxes

$2,153

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Acreage
  • Habitable Residence Yn: Yes
  • Restrictions: Other - See Remarks
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Geocode Confidence: High
  • Attribution Contact: karen@therelopro.com
  • Special Features: None

Interior Features

  • Possible Use: Agricultural, Cattle, Development, Farm, Gardening, Horses

Exterior Features

  • View: Mountain(s), Water, Year Round
  • Waterfront Features: Other - See Remarks
  • Waterfront Elevation: 2000

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Private Sewer
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Cane Creek
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Creek Front, Flood Fringe Area, Flood Plain/Bottom Land, Level, Pasture, Pond(s), Creek/Stream, Views
  • Lot Size Area: 28
  • Lot Size Units: Acres
  • Parcel Number: 9663-46-0402-00000
  • Zoning: R-LD
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-LD

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2023
Closed on
Mar 11, 2024
Sold by
Grace E Meadows Revocable Trust
Bought by
Jonathan Creek Llc
Seller's Agent
Karen Cernek
Cool Mountain Realty
Buyer's Agent
Billy Taylor
Allen Tate/Beverly-Hanks Fletcher
List Price
$750,000
Sold Price
$635,000
Premium/Discount to List
-$115,000
-15.33%
Views
60
Current Estimated Value
$675,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,510
Avg. Annual Appreciation
5.09%
Original Mortgage
$847,577
Outstanding Balance
$822,547
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
-$140,116

Purchase Details

Closed on
Jun 14, 2011
Bought by
Meadows Rocky and Meadows Rebecca

Purchase Details

Closed on
Dec 2, 1987
Sold by
Meadows William M
Bought by
Meadows and Meadows
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
Jonathan Creek Llc $635,000 None Listed On Document
Meadows Rocky -- --
Meadows -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jonathan Creek Llc $847,577
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2024 03/14/24 Sold $635,000 -15.3% $314 / Sq Ft
12/29/2023 12/29/23 For Sale $750,000 -- $370 / 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
2023 $2,153 $803,000 $525,300 $277,700
2022 $2,050 $803,000 $525,300 $277,700
2021 $2,050 $349,800 $0 $0
2020 $1,663 $262,300 $0 $0
2019 $1,664 $262,300 $0 $0
2018 $1,665 $0 $0 $0
2017 $1,652 $0 $0 $0
2016 $1,817 $0 $0 $0
2015 $1,817 $0 $0 $0
2014 $1,817 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4096730

Canopy MLS (Canopy Realtor® Association)

APN: 9663-46-0402-00000