Seller's Agent in 2023
Shae Morales
Asheville Realty & Associates
(828) 280-6844
1 in this area
10 Total Sales
7081 Bearwallow Mountain Rd Gerton, NC 28735
Estimated Value: $300,000 - $401,912
2
Beds
1.5
Baths
998
Sq Ft
$362/Sq Ft
Est. Value
Highlights
- Contemporary Architecture
- Wooded Lot
- Laundry Room
- Private Lot
- Enclosed Glass Porch
- Pasture
About This Home
As of April 2023At the edge of ancient Bearwallow Mountain, they’re is a unique, well loved bungalow on 5.86 acres of old forest & level green land. The 1940’s Bungalow is charming and intimate, with a tongue in groove ceiling, alcove, and wood burning fireplace for cozy evenings with a great book. The bright kitchen boasts a large pantry & utility room w/washer/dryer hookups, and a mysterious “indoor” cave. The sunporch, with double French doors, serves as a bridge to an extraordinary yard, with mature trees and vintage stonework all around. Create a dream garden along the babbling creek, hang a hammock between the large trees, grill on the patio, and romp on the expansive green lawn. It’s the perfect, private space for solitude or entertaining. Much of Bearwallow Mountain is renowned for incredible hiking, and is conserved land. 10 minutes to Lake Lure and less than 25 minutes to Asheville. This rare find would make a fabulous vacation rental or second home! Listen! The mountains are calling!
Last Agent to Sell the Property
Asheville Realty & Associates License #249321 Listed on: 03/15/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,610
Year Built
- Built in 1940
Lot Details
- Private Lot
- Level Lot
- Cleared Lot
- Wooded Lot
- Property is zoned R3
Parking
- Driveway
Home Design
- Contemporary Architecture
- Cottage
- Rustic Architecture
- Bungalow
- Composition Roof
- Wood Siding
- Stone Siding
Interior Spaces
- 1-Story Property
- Wired For Data
- Wood Burning Fireplace
- French Doors
- Living Room with Fireplace
- Crawl Space
Kitchen
- Electric Range
- Dishwasher
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Access to stream, creek or river
- Fire Pit
- Outbuilding
- Enclosed Glass Porch
Schools
- Edneyville Elementary School
- Apple Valley Middle School
- North Henderson High School
Farming
- Pasture
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Electric Water Heater
- Septic Tank
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 500706
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 15, 2023
Closed on
Apr 14, 2023
Sold by
Gervasi Jolene Rae and Gervasi Sean
Bought by
Thurman Gregory Alan
Seller's Agent
Shae Morales
Asheville Realty & Associates
Buyer's Agent
Jason Martini
Keller Williams Professionals
List Price
$350
Sold Price
$350,000
Premium/Discount to List
$349,650
99900%
Views
49
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,228
Avg. Annual Appreciation
1.59%
Original Mortgage
$343,660
Outstanding Balance
$334,817
Interest Rate
6.6%
Mortgage Type
Construction
Estimated Equity
$28,580
Purchase Details
Listed on
May 12, 2015
Closed on
Jul 2, 2015
Sold by
Miller Loretta Ann
Bought by
Gervasi Jolene Rae
Seller's Agent
Mark Sullivan
True Value Properties LLC
Buyer's Agent
Shae Morales
Asheville Realty & Associates
List Price
$189,000
Sold Price
$177,500
Premium/Discount to List
-$11,500
-6.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.08%
Original Mortgage
$159,750
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 2, 2012
Sold by
Rcb1 Llc A Florida Ll Comp
Bought by
Miller Loretta Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,850
Interest Rate
3.58%
Mortgage Type
Cash
Purchase Details
Closed on
Mar 31, 2009
Bought by
Rcb1 Llc A Florida Ll Company
Purchase Details
Closed on
Nov 30, 2005
Sold by
Not Provided
Bought by
Rcb1 Llc A Florida Ll Company
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Thurman Gregory Alan | $350,000 | None Listed On Document | |
| Gervasi Jolene Rae | $177,500 | -- | |
| Miller Loretta Ann | -- | -- | |
| Rcb1 Llc A Florida Ll Company | -- | -- | |
| Rcb1 Llc A Florida Ll Company | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Thurman Gregory Alan | $343,660 | |
| Previous Owner | Gervasi Jolene Rae | $159,750 | |
| Previous Owner | Miller Loretta Ann | $62,675 | |
| Previous Owner | Miller Loretta Ann | $59,850 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/26/2023 04/26/23 | Sold | $350,000 | 0.0% | $351 / Sq Ft |
| 03/26/2023 03/26/23 | Pending | -- | -- | -- |
| 03/16/2023 03/16/23 | Price Changed | $350,000 | +99900.0% | $351 / Sq Ft |
| 03/15/2023 03/15/23 | For Sale | $350 | -99.8% | $0 / Sq Ft |
| 07/06/2015 07/06/15 | Sold | $177,500 | -6.1% | $126 / Sq Ft |
| 06/26/2015 06/26/15 | Pending | -- | -- | -- |
| 05/12/2015 05/12/15 | For Sale | $189,000 | -- | $134 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $1,610 | $284,400 | $93,500 | $190,900 |
| 2024 | $1,610 | $284,400 | $93,500 | $190,900 |
| 2023 | $1,610 | $284,400 | $93,500 | $190,900 |
| 2022 | $1,271 | $182,600 | $67,000 | $115,600 |
| 2021 | $1,271 | $182,600 | $67,000 | $115,600 |
| 2020 | $1,271 | $182,600 | $0 | $0 |
| 2019 | $1,253 | $182,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Shae Morales
-
Jason Martini
Buyer's Agent in 2023
Jason Martini
Keller Williams Professionals
(828) 515-1771
5 in this area
76 Total Sales
-
Mark Sullivan
Seller's Agent in 2015
Mark Sullivan
True Value Properties LLC
(828) 734-3176
7 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4010807
APN: 604256937
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