NOT LISTED FOR SALE

591 Locust Gap Rd Vilas, NC 28692

Estimated Value: $392,670

2 Beds
2 Baths
346 Sq Ft
$1,135/Sq Ft Est. Value

Sale Details

Date Sold: January 16, 2025

Last sale price $374,900 $1,084 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,105 / mo

90 Days on Market

Highlights

  • 2.02 Acre Lot
  • Craftsman Architecture
  • Furnished
  • Watauga High School Rated A-
  • Mountain View
  • No HOA

About This Home

As of January 2025

SELLER FINANCING AND FANTASTIC ROI WITH OVER $65K ANNUALLY IN GROSS REVENUE for these two tiny homes on wheels perched at over 3,500 feet with jaw-dropping long range views of Grandfather, Beech, and more! Level access off of paved state maintained roads makes this quite possibly the most breathtaking views you will ever reach in a two wheel drive. Each tiny home comes turn key and fully furnished to convert to your own personal getaway in the mountains or an absolute powerhouse of an investment property. High speed fiber internet, fire-pits at both properties, crystal clear mountain spring water, power for RV hookup, the amenities go on and on. Located 30 minutes from Boone, 45 minutes to area ski resorts, 20 minutes from Watauga Lake, and 40 minutes from the VA Creeper in Damascus are just some examples of the year-round outdoor adventure waiting in every direction. Come and unwind at your own mountain-top oasis, diversify your investment portfolio, or both! Unrestricted acreage could even accommodate additional tinies to increase income. Averaging over an 86% occupancy rate for 2023 with over $65K in income, don't miss this property that makes sense on paper and in your soul as you sit and breathe the fresh air and revel in the tranquility while looking over the mountains that form the High Country. Adjacent 10.5 acres with third tiny home, garden area, and bold stream can be purchased to expand the potential and options for this spectacular property, reach out to an agent for more details.

Last Agent to Sell the Property

Joel Farthing

Boone Real Estate Brokerage Phone: 828-265-1021 Listed on: 09/17/2024

Last Buyer's Agent

Joel Farthing

Boone Real Estate Brokerage Phone: 828-265-1021 Listed on: 09/17/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $190

Year Built

  • Built in 2018

Lot Details

  • 2.02 Acre Lot
  • Southern Exposure

Home Design

  • Craftsman Architecture
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 346 Sq Ft Home
  • 1-Story Property
  • Living Quarters
  • Furnished
  • Mountain Views
  • Electric Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Private Parking
  • Gravel Driveway

Outdoor Features

  • Open Patio
  • Fire Pit
  • Outbuilding

Schools

  • Bethel Elementary School
  • Watauga High School

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Spring water is a source of water for the property
  • Shared Septic
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1965-35-9175-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$190

Year Built

Built in 2018

Lot Details

2.02 Acres

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.02
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 346.0
  • Architectural Style: Craftsman
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 2018
  • Property Sub Type Additional: Single Family Residence,Park Model
  • Attribution Contact: 828-265-1021
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Has Basement: Other, See Remarks
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Furnished
  • Living Area: 346.0
  • Stories: 1

Exterior Features

  • View: Long Range, Mountain(s), Southern Exposure
  • View: Yes
  • Home Warranty: No
  • Construction Type: Other, See Remarks, Wood Siding
  • Exterior Features: Fire Pit, Out Building(s), Gravel Driveway
  • Other Structures: Living Quarters, Outbuilding
  • Patio And Porch Features: Open
  • Roof: Metal

Garage/Parking

  • Parking Features: Driveway, Gravel, Private

Utilities

  • Laundry Features: Main Level
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Ductless
  • Heating Yn: Yes
  • Sewer: Community/Coop Sewer, Septic Permit 4 Bedroom, Shared Septic
  • Utilities: High Speed Internet Available
  • Water Source: Spring

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association: No

Schools

  • Elementary School: Bethel
  • High School: Watauga

Lot Info

  • Parcel #: 1965-35-9175-000
  • Zoning Description: None
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 189.72
  • Tax Book Number: 2223/250

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2024
Closed on
Jan 16, 2025
Sold by
Steele Capital Llc
Bought by
Hankins Spencer and Hankins Stephanie
Seller's Agent
Joel Farthing
Boone Real Estate
Buyer's Agent
Joel Farthing
Boone Real Estate
List Price
$374,900
Sold Price
$374,900
Views
97
Current Estimated Value
$392,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,770
Avg. Annual Appreciation
3.97%
Original Mortgage
$281,175
Outstanding Balance
$248,092
Interest Rate
6.69%
Mortgage Type
Seller Take Back
Estimated Equity
$144,578
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hankins Spencer $375,000 None Listed On Document
Steele Capital Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hankins Spencer $281,175
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2025 01/16/25 Sold $374,900 0.0% $1,084 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $374,900 -- $1,084 / Sq Ft
Source: High Country Association of REALTORS®

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 $87 $26,000 $18,800 $7,200
2024 $1 $23,600 $18,800 $4,800
2023 $87 $23,600 $18,800 $4,800
2022 $87 $23,600 $18,800 $4,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 252058

High Country Association of REALTORS®

APN: 1965-35-9175-000

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