NOT LISTED FOR SALE

7024 Watershed Rd Morganton, NC 28655

Estimated Value: $170,679

5.14 Acres
$33,206 Price per Acre
223,898 Sq Ft Lot

Last Sold July 15, 2022

Last sale price $140,000

Est. 22% increase in value since last sale

Current estimated payment $898/month

30 Days on Market

About This Lot

As of July 2022

If privacy is what you’re looking for, this is it! Located just 20 minutes from downtown Morganton and a short 1-hour drive to Asheville, this beautiful property has over 400’ along the Henry River. Cleared area at the top of the property has a firepit and a space to relax. A quick walk down the trail from the building site takes you to several nice, rocky spots to enjoy the clear water. Plenty of wildlife to enjoy including deer, bear, fox and turkeys. Gravel driveway to cleared building site. Plenty of hiking in the South Mountains nearby. A 20’ easement runs along eastern boundary. Portion along river is in flood plain. Septic permit for a 3-bedroom home is good until 2025. Available utilities are county water, Rutherford Electric, Spectrum cable/internet and phone. Great opportunity to own one of the beautiful properties Burke County has to offer!

Last Agent to Sell the Property

Laura Mulwee

Berkshire Hathaway HomeServices Blue Ridge REALTORS® License #240738 Listed on: 06/15/2022

Berkshire Hathaway HomeServices Blue Ridge REALTORS®

Last Buyer's Agent

Marilyn Varnes

Berkshire Hathaway HomeServices Blue Ridge REALTORS® License #333834

Berkshire Hathaway HomeServices Blue Ridge REALTORS®

Property Details

Property Type

  • Land

Outdoor Features

  • Outbuilding

Lot Details

  • Lot Dimensions are 511'x405'
  • Property fronts a state road
  • Private Lot
  • Sloped Lot
  • Possible uses of the property include Recreational/2nd House, Residential
  • Property is zoned RMU, Burke

Schools

  • Mull Elementary School
  • Liberty Middle School
  • Patton High School

Listing and Financial Details

  • Assessor Parcel Number 2700500106

Property Details

Property Type

Land

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Habitable Residence Yn: No
  • Ratio Current Price By Acre: 25270.76
  • Restrictions: Other - See Media/Remarks
  • Road Frontage Type: State Road
  • Structure Type: Acreage
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • Fixture Exception Yn: 0
  • Possible Use: Recreational/2nd House, Residential

Exterior Features

  • Exterior Features: Outbuilding(s)
  • Tax Location: No City Taxes Paid
  • Water Body Name: Henry Fork River
  • Waterfront Features: None

Utilities

  • Sewer: Other
  • Utilities: Electricity Available
  • Water Source: Other

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Liberty
  • HOA Subject To: None

Lot Info

  • Lot Features: Private, River Front, Sloped
  • Lot Size Units: Acres
  • Parcel Number: 2700500106
  • Out Buildings Yn: 1
  • Plat Book Slide: 41/244
  • Lot Size: 511'x405'
  • Zoning Description: Burke

Tax Info

  • RATIO List Price By Tax Amount: 8.56898

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Mull
  • High School: Patton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Jul 6, 2022
Sold by
Foster John M and Foster Roberta M
Bought by
Hill Jeffrey Alan
Seller's Agent
Laura Mulwee
Berkshire Hathaway HomeServices Blue Ridge REALTORS®
Buyer's Agent
Marilyn Varnes
Berkshire Hathaway HomeServices Blue Ridge REALTORS®
List Price
$150,000
Sold Price
$140,000
Premium/Discount to List
-$10,000
-6.67%
Current Estimated Value
$170,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,679
Avg. Annual Appreciation
5.61%

Purchase Details

Listed on
Sep 26, 2016
Closed on
Apr 5, 2018
Sold by
Smith Thomas Chester and Smith Debra Anne
Bought by
Foster John M and Foster Roberta M
Seller's Agent
Bryan Black
RE/MAX Southern Lifestyles
List Price
$64,000
Sold Price
$64,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.07%

Purchase Details

Listed on
Nov 12, 2011
Closed on
Feb 23, 2012
Sold by
Smith Clyde Harold and Smith Lisa R
Bought by
Smith Thomas Chester and Smith Debra Anne
List Price
$56,698
Sold Price
$56,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.00%
Original Mortgage
$30,000
Interest Rate
3.91%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Hill Jeffrey Alan $140,000 Hodges Robert E
Hill Jeffrey Alan $140,000 Hodges Robert E
Foster John M $64,000 None Available
Smith Thomas Chester $57,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Thomas Chester $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2022 07/15/22 Sold $140,000 -6.7% --
06/15/2022 06/15/22 For Sale $150,000 +134.4% --
04/06/2018 04/06/18 Sold $64,000 0.0% -- View Prior Sale
04/02/2018 04/02/18 Pending -- -- --
09/26/2016 09/26/16 For Sale $64,000 +12.9% --
02/23/2012 02/23/12 Sold $56,698 0.0% -- View Prior Sale
01/02/2012 01/02/12 Pending -- -- --
11/12/2011 11/12/11 For Sale $56,698 -- --
Source: Canopy MLS (Canopy Realtor® Association)

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 $248 $37,553 $37,553 $0
2024 $1,019 $37,553 $37,553 $0
2023 $1,019 $153,254 $153,254 $0
2022 $140 $17,505 $17,505 $0
2021 $140 $17,505 $17,505 $0
2019 $140 $17,505 $17,505 $0
2018 $140 $17,505 $17,505 $0
2017 $140 $17,505 $17,505 $0
2016 $137 $17,505 $17,505 $0
2015 $137 $17,505 $17,505 $0
2014 $137 $17,505 $17,505 $0
2013 $137 $17,505 $17,505 $0
Source: Public Records

Agents Affiliated with this Home

  • Laura Mulwee

    Seller's Agent in 2022

    Laura Mulwee

    Berkshire Hathaway HomeServices Blue Ridge REALTORS®

    (828) 205-4437

    1 in this area

    86 Total Sales

    Laura Mulwee
    Section Image
  • Marilyn Varnes

    Buyer's Agent in 2022

    Marilyn Varnes

    Berkshire Hathaway HomeServices Blue Ridge REALTORS®

    (828) 460-4566

    1 in this area

    41 Total Sales

    Marilyn Varnes
    Section Image
  • Bryan Black

    Seller's Agent in 2018

    Bryan Black

    RE/MAX

    (828) 439-1004

    2 in this area

    162 Total Sales

    Bryan Black
    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3872788

Canopy MLS (Canopy Realtor® Association)

APN: 18534

North Carolina Burke County Morganton 28655

7024 Watershed Rd, Morganton, NC

Not Listed for Sale

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Canopy MLS (Canopy Realtor® Association) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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