NOT LISTED FOR SALE

65 Old Growth Way Unit 61 Sylva, NC 28779

Estimated Value: $1,031,000 - $2,341,090

3 Beds
4 Baths
3,933 Sq Ft
$453/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $2,028,845 $516 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $10,784/month

226 Days on Market

Highlights

  • Building Helipad
  • Equestrian Center
  • Under Construction
  • Golf Course Community
  • Fitness Center
  • 1.91 Acre Lot

About This Home

As of August 2023

SOLD AS INCOMPLETE CONSTRUCTION! This amazing rustic elegant hybrid timber frame is already being built by Morgan Keefe Builders. You can save substantial time and effort as you only need to pick your finishes and let them complete it by Fall 2023.This cedar shake and stone masterpiece features the primary bedroom on the main floor, 2 bedrooms in the lower level and a 4th bedroom suite (442 square feet) over the garage. The home is designed with floor to ceiling windows throughout to enjoy the incredible mountain views from every room. The living room features 18 foot vaulted ceilings with timbered gables and beams and a stunning stone fireplace. The kitchen is fitted out with Wolf/Subzero appliances and custom cabinets. There are generous outdoor spaces including two covered porches with fireplaces and one with a custom outdoor kitchen. There is even space for your own theater room. This home has everything you want!

Last Agent to Sell the Property

Sean McLaughlin

BMP David Southworth Real Estate LLC Brokerage Email: smclaughlin@balsammountain.com License #257962 Listed on: 12/16/2022

Last Buyer's Agent

Sean McLaughlin

BMP David Southworth Real Estate LLC Brokerage Email: smclaughlin@balsammountain.com License #257962 Listed on: 12/16/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,742

Year Built

  • Built in 2022 | Under Construction

Lot Details

  • 1.91 Acre Lot
  • Private Lot
  • Sloped Lot
  • Wooded Lot

HOA Fees

  • $558 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Post and Beam
  • Traditional Architecture
  • Metal Roof
  • Metal Siding
  • Stone Siding
  • Radon Mitigation System

Interior Spaces

  • 1.5-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Entrance Foyer
  • Great Room with Fireplace
  • Mountain Views
  • Partially Finished Basement
  • Crawl Space

Kitchen

  • Gas Range
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Trash Compactor

Bedrooms and Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch
  • Fireplace in Patio
  • Outdoor Kitchen

Schools

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

Horse Facilities and Amenities

  • Equestrian Center
  • Riding Trail

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heating System Uses Propane
  • Propane
  • Tankless Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 7671-05-4549

Community Details

Overview

  • Balsam Mountain Preserve Community Association, Phone Number (828) 354-0265
  • Built by Morgan Keefe Builders
  • Balsam Mountain Preserve Subdivision, Hybridtimberframe/Traditional Architectural Studio Floorplan
  • 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

$9,742

Year Built

Built in 2022 | Under Construction

Lot Details

0

HOA Fees

$558 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Post and Beam, Traditional
  • Year Built: 2022
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Modular Not Allowed
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Proposed Completion Date: 2023-08-01
  • Special Assessment Description: NA
  • Proposed Special Assessment Desc: NA
  • Second Living Quarters: Exterior Not Connected,Upper Level Garage
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One and One Half
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 463.74
  • Attribution Contact: smclaughlin@balsammountain.com
  • Special Features: NewHome

Interior Features

  • Foundation Details: Basement, Crawl Space
  • Fireplace: Yes
  • Interior Amenities: Entrance Foyer, Open Floorplan, Pantry, Vaulted Ceiling(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2160
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 599
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 599
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 282
  • Appliances: Dishwasher, Dryer, Freezer, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Trash Compactor, Washer, Wine Refrigerator
  • Above Grade Finished Sq Ft: 2442
  • Has Basement: Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1491
  • Fireplace Features: Gas Log, Great Room, Porch, Wood Burning
  • Living Area: 3933
  • Bedroom Main: 1
  • Room Count: 19
  • Bedroom Basement: 2

Exterior Features

  • Exterior Features: Outdoor Kitchen
  • New Construction: Yes
  • Roof: Shingle, Metal
  • Construction Type: Site Built
  • View: Long Range, Mountain(s), Year Round
  • Waterfront Features: None
  • Waterfront Elevation: 3500
  • Construction Type: Cedar Shake, Metal, Shingle/Shake, Stone
  • Patio And Porch Features: Balcony, Covered, Deck, Rear Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 625
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Detached Garage

Utilities

  • Heating: Forced Air, Natural Gas, Propane
  • Sewer: Septic Installed
  • Laundry Features: Main Level
  • Security: Radon Mitigation System, Security Service
  • Cooling: Ceiling Fan(s), Central Air
  • Utilities: Propane
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated, Golf, Helipad, Outdoor Pool, Picnic Area, Tennis Court(s), Walking Trails
  • Association Fee: 1675
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Balsam Mountain Preserve Community Association
  • Phone: 828-354-0265
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly
  • Association Email: tjones@balsammountainca.org

Association/Amenities

  • Association Annual Expense: 6700.00
  • Association Email 2: NA

Schools

  • Middle Or Junior School: Smoky Mountain
  • HOA Subject To: Required

Lot Info

  • Lot Features: Private, Sloped, Wooded
  • Lot Size Area: 1.91
  • Lot Size Units: Acres
  • Parcel Number: 7671-05-4549
  • Plat Book Slide: 13/867
  • Plat Reference Section Pages: 13/867
  • Development Status: Under Construction
  • Horse Amenities: Equestrian Facilities, Riding Trail
  • Lot Size Acres: 1.91
  • Lot Size Sq Ft: 83199
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RES

Green Features

  • Green Verification Count: 1

Building Info

  • Builder Name: Morgan Keefe Builders

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2022
Sold by
Bmp Real Estate Holdings Llc
Bought by
Bmp David Southworth R and Bmp Hldg E
Current Estimated Value
$1,782,523

Purchase Details

Listed on
Apr 6, 2019
Closed on
Dec 3, 2019
Sold by
Lumen Investments Llp
Bought by
Terry J Newton Lt
Seller's Agent
Joseph Dellinger
Roots Property Advisors dba Redtree Property Advisors
Buyer's Agent
Non Member
Canopy Administration
List Price
$199,000
Sold Price
$180,000
Premium/Discount to List
-$19,000
-9.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.50%
Source: Public Records

Range of Values:

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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
Bmp David Southworth R $8,766,500 None Listed On Document
Bmp David Southworth R $8,766,500 None Listed On Document
Terry J Newton Lt $180,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Terry J Newton Living Trust $1,612,500
Previous Owner Newton Terry J $1,612,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $2,028,845 -48.0% $516 / Sq Ft
07/30/2023 07/30/23 Pending -- -- --
12/16/2022 12/16/22 For Sale $3,899,000 +2066.1% $991 / Sq Ft
12/03/2019 12/03/19 Sold $180,000 -9.5% --
11/04/2019 11/04/19 Pending -- -- --
04/06/2019 04/06/19 For Sale $199,000 -- --
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 $9,742 $2,563,673 $400,000 $2,163,673
2024 $2,993 $787,540 $200,000 $587,540
2023 $760 $200,000 $200,000 $0
2022 $760 $200,000 $200,000 $0
2021 $760 $200,000 $200,000 $0
2020 $760 $200,000 $200,000 $0
2019 $760 $200,000 $200,000 $0
2018 $760 $200,000 $200,000 $0
2017 $740 $200,000 $200,000 $0
2015 $1,714 $300,000 $300,000 $0
2011 -- $612,000 $612,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3920787

Canopy MLS (Canopy Realtor® Association)

APN: 7671-05-4549