NOT LISTED FOR SALE

70 Summit Way Mars Hill, NC 28754

Estimated Value: $583,310 - $704,000

3 Beds
3.5 Baths
2,300 Sq Ft
$272/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $361,000 $157 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,801/month

1 Day on Market

Highlights

  • Ski Accessible
  • Spa
  • Wood Flooring
  • Madison Middle School Rated A-
  • Open Floorplan
  • Wet Bar

About This Home

As of April 2021

Investor Alert! "La Dolce Vida" cabin in Scenic Wolf Resort. Gorgeous three bedroom three and a half bath three story on the western side of Scenic Wolf. Multi layer mountain views. This mountain home with a lodge feel conveys fully furnished, turnkey, and ready to go. Excellent rental history. End of street privacy. Fresh exterior stain just last year gives you years of maintenance free living. Over 1000 square feet of decks allows for enjoying sunsets from the lower level hot tub. Lower level has a pool table, video game console, fireplace, tv, fourth bed/bonus, and bar.
Rental history and 1099s available upon request.

Last Agent to Sell the Property

Keith Arnold

Nest Realty Asheville License #306583 Listed on: 01/21/2021

Nest Realty Asheville

Last Buyer's Agent

Emily Layton

The Sauve Collective License #235626

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • 10,454

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • Gravel Driveway

Home Design

  • Cabin

Interior Spaces

  • Open Floorplan
  • Wet Bar
  • Gas Log Fireplace

Kitchen

  • Breakfast Bar
  • Kitchen Island

Flooring

  • Wood
  • Tile

Additional Features

  • Spa
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 9861-08-4801

Community Details

Overview

  • Scenic Wolf Masters Association

Recreation

  • Community Indoor Pool
  • Ski Accessible

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

HOA Fees

$300 per month

Parking

3

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Cabin
  • Ratio Close Price By List Price: 1.03172
  • Ratio Close Price By Original Li: 1.03172
  • Ratio Current Price By Acre: 1504166.67
  • Ratio Current Price By Sq Ft: 156.96
  • Year Built: 2006
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Fully Finished, Block
  • Upper Level Sq Ft: 500
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Cooktop Electric, Dishwasher, Disposal, Dryer, Electric Range, Microwave, Propane, Refrigerator, Washer
  • Fireplace Description: FAMILYRM, Gas Logs, Living Room, Propane
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Kitchen Island, Open Floorplan, Vaulted Ceiling, Wet Bar
  • Laundry Location: Basement
  • Room Count: 3
  • Lower Level Sq Ft: 900
  • Main Level Sq Ft: 900
  • Total Sq Ft: 2300

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built
  • Exterior Features: Hot Tub

Garage/Parking

  • Driveway: Gravel
  • Parking: Garage - 3 Car, On-Street Parking

Utilities

  • Heating: Central Air, Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Shared Well
  • Water Heater: g-On-Demand Water Heater

Condo/Co-op/Association

  • Community Features: Indoor Pool, Ski Slopes
  • Association Fee: 900.00
  • Association Fee Frequency: Quarterly
  • HOA Management Company: Scenic Wolf Masters Association
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Mars Hill
  • Middle School: Madison
  • High School: Madison

Lot Info

  • Lot Features: Long Range View, Sloping, Steep, Views, Year Round View
  • Lot Size Area: 0.240
  • Parcel Number: 9861-08-4801
  • Plat Book Slide: 5/318
  • Plat Reference Section Pages: 5/318
  • Zoning Specification: R-2

Tax Info

  • Tax Value: 259976.00
  • Tax Location: Mars Hill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2021
Closed on
Mar 31, 2021
Sold by
Milam Dr Daniel and Milam Daniela Durante
Bought by
Cellitti Lewis B and Cellitti Anne Marie
Seller's Agent
Keith Arnold
Nest Realty Asheville
Buyer's Agent
Emily Layton
The Sauve Collective
List Price
$349,900
Sold Price
$361,000
Premium/Discount to List
$11,100
3.17%
Current Estimated Value
$624,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,828
Avg. Annual Appreciation
12.90%
Original Mortgage
$288,800
Outstanding Balance
$259,906
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$364,922

Purchase Details

Closed on
Sep 16, 2005
Sold by
Scenic Wolf Development Llc
Bought by
Milam Daniel and Durante Daniela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,977
Interest Rate
5.86%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cellitti Lewis B $361,000 None Available
Milam Daniel $78,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cellitti Lewis B $288,800
Previous Owner Milam Daniel $70,977
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2021 04/01/21 Sold $361,000 +3.2% $157 / Sq Ft
01/22/2021 01/22/21 Pending -- -- --
01/21/2021 01/21/21 For Sale $349,900 -- $152 / 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 $2,095 $425,495 $48,400 $377,095
2023 $1,714 $259,976 $40,000 $219,976
2022 $1,714 $259,976 $40,000 $219,976
2021 $1,714 $259,976 $40,000 $219,976
2020 $1,714 $259,976 $40,000 $219,976
2019 $1,759 $249,899 $66,000 $183,899
2018 $1,524 $0 $0 $0
2017 $1,524 $0 $0 $0
2016 $1,524 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $249,899 $66,000 $183,899
2013 -- $249,899 $66,000 $183,899
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3699174

Canopy MLS (Canopy Realtor® Association)

APN: 9861-08-4801