NOT LISTED FOR SALE

61 Ridgeline Way Unit 68 Sylva, NC 28779

Estimated Value: $1,470,000 - $2,742,000

3 Beds
3.5 Baths
3,076 Sq Ft
$740/Sq Ft Est. Value

Last Sold October 06, 2022

Last sale price $1,950,000 $634 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $14,230/month

49 Days on Market

Highlights

  • Building Helipad
  • Equestrian Center
  • Clubhouse
  • Golf Course Community
  • Fitness Center
  • Community Pool

About This Home

As of October 2022

This home as it all. Incredible views, great elevation, total privacy surrounded by conservation land, and just a short distance to all the amenities that make Balsam Mountain Preserve so desirable. You can see amazing views from each of the three bedroom suites, one of which is in the carriage house above the 2 car garage. The home was only built a few years ago and has all the custom finishes desired by today's buyers. The outdoor porch connecting the carriage house to the home is where you will want to spend all of your time as you watch the birds play in acres of nature. Balsam Mountain Preserve is a private 4,400 acre club community with 3,200 acres of conservation land and completed amenities featuring golf, equestrian, scenic trails, tennis and dining. The stunning new facilities at Doubletop Village, including the Summit House Restaurant and Mine Tavern, are now open to members and their guests.

Last Agent to Sell the Property

Harry Redfearn

Balsam Mountain Real Estate License #86401 Listed on: 07/19/2022

Last Buyer's Agent

Harry Redfearn

Balsam Mountain Real Estate License #86401 Listed on: 07/19/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,030

Year Built

  • Built in 2019

Lot Details

  • 1.96

HOA Fees

  • $458 Monthly HOA Fees

Home Design

  • Wood Siding
  • Stone Siding

Interior Spaces

  • Bar Fridge
  • Ceiling Fan

Kitchen

  • Built-In Self-Cleaning Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Scotts Creek Elementary And Middle School
  • Smoky Mountain High School

Horse Facilities and Amenities

  • Equestrian Center

Utilities

  • Central Heating
  • Geothermal Heating and Cooling
  • Heating System Uses Propane
  • Power Generator
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 7671-16-2249

Community Details

Overview

  • Balsam Mountain Preserve Community Association, Phone Number (828) 354-0265
  • Balsam Mountain Preserve Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area
  • Building Helipad
  • Clubhouse

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,030

Year Built

Built in 2019

Lot Details

0

HOA Fees

$458 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2019
  • Ratio Current Price By Acre: 994897.96
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Modular Not Allowed
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Second Living Quarters: Upper Level Garage
  • Road Surface Type: Gravel
  • Structure Type: One Story Basement
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 633.94
  • Special Features: None

Interior Features

  • Foundation Details: Basement Fully Finished
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1176
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Second Living Quarters Hla: 814
  • Appliances: Bar Fridge, Ceiling Fan(s), CO Detector, Gas Cooktop, Dishwasher, Disposal, Generator, Microwave, Propane Cooktop, Radon Mitigation System, Refrigerator, Self Cleaning Oven, Wall Oven
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1086
  • Living Area: 3076
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 0
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 1

Exterior Features

  • New Construction: No
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Waterfront Features: None
  • Waterfront Elevation: 3500
  • Construction Type: Stone, Wood Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 580
  • Parking Features: Garage - 2 Car, Parking Space - 3

Utilities

  • Heating: Central, Geothermal, Propane
  • Sewer: Septic Installed
  • Water Heater: g-On-Demand Water Heater
  • Laundry Features: Laundry Room
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Equestrian Facilities, Equestrian Trails, Fitness Center, Gated, Golf, Helipad, Outdoor Pool, Picnic Area, Security, Street Lights, Tennis Court(s), Walking Trails, Other
  • Association Fee: 1375
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Association Name: Balsam Mountain Preserve Community Association
  • Phone: 828-354-0265
  • ResoAssociationFeeFrequency: Quarterly

Schools

  • Middle Or Junior School: Scotts Creek
  • HOA Subject To: Required
  • HOA Email: tjones@balsammountainca.org
  • CAR_YearlyHOAExpense: 5500.00

Lot Info

  • Lot Size Area: 1.96
  • Lot Size Units: Acres
  • Parcel Number: 7671-16-2249
  • Plat Book Slide: 13/13
  • Plat Reference Section Pages: 13/13
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Scotts Creek
  • High School: Smoky Mountain

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Oct 5, 2022
Sold by
Straw David J and Straw Sheri W
Bought by
Murphy Michael L and Murphy Lynn F
Seller's Agent
Harry Redfearn
Balsam Mountain Real Estate
Buyer's Agent
Harry Redfearn
Balsam Mountain Real Estate
List Price
$1,950,000
Sold Price
$1,950,000
Current Estimated Value
$2,417,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$467,828
Avg. Annual Appreciation
10.54%
Original Mortgage
$1,365,000
Outstanding Balance
$1,317,488
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$1,271,982

Purchase Details

Closed on
Dec 31, 2012
Sold by
Chaffin Family Limited Partnership
Bought by
Straw David J and Straw Sheri W
Source: Public Records

Range of Values:

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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
Murphy Michael L $1,950,000 --
Straw David J $150,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murphy Michael L $1,365,000
Previous Owner Straw David J $658,500
Previous Owner Straw David J $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2022 10/06/22 Sold $1,950,000 0.0% $634 / Sq Ft
09/06/2022 09/06/22 Pending -- -- --
07/19/2022 07/19/22 For Sale $1,950,000 -- $634 / 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
2024 $5,030 $1,323,650 $250,000 $1,073,650
2023 $5,155 $1,323,650 $250,000 $1,073,650
2022 $4,951 $1,270,000 $250,000 $1,020,000
2021 $4,669 $1,270,000 $250,000 $1,020,000
2020 $4,130 $1,064,650 $200,000 $864,650
2019 $1,834 $466,140 $200,000 $266,140
2018 $1,834 $466,140 $200,000 $266,140
2017 $1,788 $466,140 $200,000 $266,140
2015 $2,399 $466,140 $200,000 $266,140
2011 -- $510,000 $510,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3885552

Canopy MLS (Canopy Realtor® Association)

APN: 7671-16-2249