$695,000
$55K PRICE DROP

650 Faircrest Ln Penrose, NC 28766

Estimated payment $4,004/month

Total Views 22,813
3 Beds
3 Baths
3,674 Sq Ft
$189 Price per Sq Ft

Highlights

  • Greenhouse
  • Spa
  • Mountain View
  • Etowah Elementary School Rated A-
  • Open Floorplan
  • Deck

About This Home

Tucked between Pisgah and DuPont forests, this genuine log cabin is your gateway to Western NC’s iconic waterfalls, mountain biking, and hiking trails. Faircrest is a friendly, cabin-only neighborhood minutes from Brevard and Etowah. Massive rock outcroppings double as a personal overlook, with long-range mountain views. Warm Hevea hardwoods lead to a cathedral-ceiling great room anchored by a stone fireplace, perfect for fires on cool evenings. Finished basement features a wet bar with cherry and granite countertops, plus flexible rooms for craft space, home theater, home office, or bunk room, with ample storage. The screened porch and deck invite you to relax in the hot tub or entertain at the fire pit on the stone patio below. A level front yard is fenced for pets and includes a garden area with greenhouse. Whether you’re looking for a vacation rental income, a private weekend escape, or a year-round home base, this is the one.

Listing Agent

Matt Jones

Pinnacle Lifestyle Realty LLC Brokerage Email: matt@ncpinnacle.com License #279516 Listed on: 04/19/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,865

Year Built

  • Built in 2006

Lot Details

  • Fenced Front Yard
  • Wood Fence
  • Private Lot
  • Wooded Lot
  • Property is zoned R3

HOA Fees

  • $8 Monthly HOA Fees

Home Design

  • Cabin
  • Log Siding

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Wet Bar
  • Wired For Data
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace
  • Insulated Windows
  • French Doors
  • Screened Porch
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Range
  • Down Draft Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Interior and Exterior Basement Entry
  • Basement Storage
  • Natural lighting in basement

Parking

  • Driveway
  • 4 Open Parking Spaces

Outdoor Features

  • Spa
  • Deck
  • Patio
  • Fire Pit
  • Greenhouse

Schools

  • Etowah Elementary School
  • Rugby Middle School
  • West Henderson High School

Utilities

  • Wall Furnace
  • Heat Pump System
  • Baseboard Heating
  • Heating System Uses Propane
  • Underground Utilities
  • Propane
  • Septic Tank
  • Cable TV Available

Community Details

  • Faircrest Log Home Association
  • Kevin Quinn Association, Phone Number (757) 510-2211
  • Faircrest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9971347

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,865

Year Built

Built in 2006

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cabin
  • Year Built: 2006
  • Road Surface Type: Gravel
  • Unit Levels: One
  • Ratio CurrentPrice/TotalPropertyHLA: 189.17
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: matt@ncpinnacle.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Breakfast Bar, Kitchen Island, Open Floorplan, Split Bedroom, Storage, Wet Bar
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2029
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 384
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 384
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Down Draft, Dryer, Gas Oven, Gas Range, Microwave, Oven, Refrigerator, Refrigerator with Ice Maker, Washer, Washer/Dryer
  • Above Grade Finished Sq Ft: 2029
  • Has Basement: Daylight, Exterior Entry, Full, Interior Entry, Storage Space, Walk-Out Access, Walk-Up Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1645
  • Door Features: French Doors, Insulated Door(s)
  • Fireplace Features: Gas
  • Living Area: 3674
  • Window Features: Insulated Window(s)
  • Bedroom Main: 3
  • Room Count: 14
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • Exterior Features: Fire Pit, Hot Tub
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Front Yard, Wood
  • View: Long Range, Mountain(s), Winter
  • Waterfront Features: None
  • Waterfront Elevation: 2500
  • Construction Type: Cedar Shake, Log
  • Other Structures: Greenhouse
  • Patio And Porch Features: Deck, Front Porch, Patio, Rear Porch, Screened

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Baseboard, Heat Pump, Propane, Wall Furnace
  • Sewer: Septic Installed
  • Laundry Features: Main Level
  • Cooling: Ceiling Fan(s), Heat Pump
  • Utilities: Cable Available, Propane, Underground Utilities, Wired Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: None
  • Association Fee: 100
  • Association Fee Frequency: Annually
  • Senior Community: No
  • Association: Kevin Quinn
  • Association Name: Faircrest Log Home Association
  • Association Phone #2: 757-510-2211

Association/Amenities

  • Association Annual Expense: 100.00
  • Association Email 2: quinn23456@yahoo.com

Schools

  • Middle Or Junior School: Rugby
  • HOA Subject To: Required

Lot Info

  • Lot Features: Private, Wooded, Views
  • Lot Size Area: 1.32
  • Lot Size Units: Acres
  • Parcel Number: 9971347
  • Additional Parcels: No
  • Zoning Specification: R3

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Etowah
  • High School: West Henderson

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $2,865 $524,800 $42,100 $482,700
2024 $2,865 $524,800 $42,100 $482,700
2023 $2,865 $524,800 $42,100 $482,700
2022 $2,554 $377,800 $42,100 $335,700
2021 $2,554 $377,800 $42,100 $335,700
2020 $2,554 $377,800 $0 $0
2019 $2,554 $377,800 $0 $0
2018 $2,233 $333,300 $0 $0
2017 $2,233 $333,300 $0 $0
2016 $2,233 $333,300 $0 $0
2015 -- $333,300 $0 $0
2014 -- $316,900 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Price Changed $695,000 -4.1% $189 / Sq Ft
05/11/2025 05/11/25 Price Changed $725,000 -3.3% $197 / Sq Ft
04/19/2025 04/19/25 For Sale $750,000 -- $204 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Deed $350,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $50,000 New Conventional
Open $130,725 New Conventional
Closed $180,000 New Conventional
Closed $180,000 New Conventional
Source: Public Records

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APN: 9971347