Seller's Agent in 2024
Lee Stepp
Howard Hanna Beverly-Hanks
(828) 329-4967
8 in this area
49 Total Sales
61 E Meadow Ln Horse Shoe, NC 28742
Estimated Value: $340,000 - $420,000
--
Bed
4
Baths
1,960
Sq Ft
$199/Sq Ft
Est. Value
Highlights
- Ranch Style House
- Mills River Elementary School Rated A-
- Laundry Room
About This Home
As of March 2024Investment Opportunity: Duplex with 2 bedrooms and 2 baths each, built in 2006. Both units are approximately 980 sq ft, offering single-level living with minimal steps. The property is move-in ready, situated conveniently between Hendersonville and Brevard. Abundant parking is available, and tenants pay their own utilities. Currently, both units are leased on long-term rental agreements, making this an ideal turnkey investment for those looking to enter or expand their real estate portfolio. Don't miss out on this low-maintenance, income-generating property in a prime location.
Last Agent to Sell the Property
Howard Hanna Beverly-Hanks Brokerage Email: lee.stepp@allentate.com License #226800 Listed on: 10/18/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,550
Year Built
- Built in 2006
Lot Details
- 0.3
Parking
- Driveway
Home Design
- Duplex
- Ranch Style House
- Vinyl Siding
Interior Spaces
- 1,960 Sq Ft Home
- Linoleum Flooring
- Crawl Space
- Laundry Room
Kitchen
- Electric Oven
- Dishwasher
Schools
- Mills River Elementary School
- Rugby Middle School
- West Henderson High School
Utilities
- Heat Pump System
Community Details
- Meadows Of Etowah Subdivision
Listing and Financial Details
- Tenant pays for all utilities
- Assessor Parcel Number 9529025203 / 9973387
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 18, 2023
Closed on
Mar 11, 2024
Sold by
Wakefield Gregory L and Wakefield Jocelyne
Bought by
Fowler Kent Douglas
Seller's Agent
Lee Stepp
Howard Hanna Beverly-Hanks
Buyer's Agent
Michael Blum
Keller Williams Mtn Partners, LLC
List Price
$375,000
Sold Price
$350,000
Premium/Discount to List
-$25,000
-6.67%
Views
269
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,109
Avg. Annual Appreciation
6.84%
Original Mortgage
$315,000
Outstanding Balance
$309,761
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$79,348
Purchase Details
Listed on
Dec 9, 2013
Closed on
Apr 25, 2014
Sold by
Etowah Meadow Llc
Bought by
Wakefield Gregory L and Wakefield Jocelyne
Buyer's Agent
Iler-Stepp Team
List Price
$169,900
Sold Price
$157,000
Premium/Discount to List
-$12,900
-7.59%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.56%
Original Mortgage
$117,750
Interest Rate
4.23%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 8, 2005
Sold by
Not Provided
Bought by
Etowah Meadow Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fowler Kent Douglas | $350,000 | None Listed On Document | |
| Fowler Kent Douglas | $350,000 | None Listed On Document | |
| Wakefield Gregory L | $157,000 | -- | |
| Etowah Meadow Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fowler Kent Douglas | $315,000 | |
| Closed | Fowler Kent Douglas | $315,000 | |
| Previous Owner | Wakefield Gregory L | $117,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/13/2024 03/13/24 | Sold | $350,000 | -6.7% | $179 / Sq Ft | |
| 10/18/2023 10/18/23 | For Sale | $375,000 | +138.9% | $191 / Sq Ft | |
| 06/12/2014 06/12/14 | Sold | $157,000 | -7.6% | $160 / Sq Ft | View Prior Sale |
| 05/01/2014 05/01/14 | Pending | -- | -- | -- | |
| 12/09/2013 12/09/13 | For Sale | $169,900 | -- | $173 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $1,550 | $283,800 | $35,100 | $248,700 |
| 2024 | $1,550 | $283,800 | $35,100 | $248,700 |
| 2023 | $1,550 | $283,800 | $35,100 | $248,700 |
| 2022 | $1,226 | $181,300 | $17,600 | $163,700 |
| 2021 | $1,226 | $181,300 | $17,600 | $163,700 |
| 2020 | $1,226 | $181,300 | $0 | $0 |
| 2019 | $1,226 | $181,300 | $0 | $0 |
| 2018 | $1,093 | $163,200 | $0 | $0 |
| 2017 | $1,093 | $163,200 | $0 | $0 |
| 2016 | $1,093 | $163,200 | $0 | $0 |
| 2015 | -- | $163,200 | $0 | $0 |
| 2014 | -- | $195,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lee Stepp
-
Michael Blum
M
Buyer's Agent in 2024
Michael Blum
Keller Williams Mtn Partners, LLC
(828) 767-4414
2 in this area
27 Total Sales
-
I
Buyer's Agent in 2014
Iler-Stepp Team
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4079924
APN: 9973387
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