NOT LISTED FOR SALE

720 Traditions Way Mars Hill, NC 28754

Estimated Value: $572,219 - $809,000

3 Beds
2.5 Baths
2,000 Sq Ft
$348/Sq Ft Est. Value

Last Sold July 18, 2019

Last sale price $366,000 $183 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $3,997/month

208 Days on Market

Highlights

  • Gated Community
  • Open Floorplan
  • Pond
  • Madison Middle School Rated A-
  • Clubhouse
  • Wood Flooring

About This Home

As of July 2019

This conveniently located log home in the restricted Mountain Traditions community offers all you need for a comfortable mountain lifestyle. Low-maintenance Blue Ridge Log Cabins are precision-engineered in a controlled environment and then assembled on site. From the rocking chair front porch, you’ll enjoy year-round views while listening to the flow of a mountain stream. Too many extras to mention them all but included are granite counters, a Jotul stove, large fenced yard and the nearly 2-acre lot is landscaped with mature edibles and natives. The community offers 2 stocked ponds, walking trails and a restored 1800s cabin clubhouse. There is plenty of closet space, and additional storage in the floored attic above the 2-car garage. Easy access to I-26 gets you to the town of Mars Hill in 5-minutes, Burnsville in 10-minutes, 15-minutes to Weaverville, and only 25-minutes to Asheville. For winter sports hop on I-26 and you’re less than 15 minutes from the ski slopes!

Last Agent to Sell the Property

Janice Southerland

Howard Hanna Beverly-Hanks Asheville-Downtown License #120911 Listed on: 11/16/2018

Howard Hanna Beverly-Hanks Asheville-Downtown

Last Buyer's Agent

Holly Fletcher

Keller Williams Great Smokies License #234256

Keller Williams Great Smokies

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2012

Lot Details

  • 1.86

HOA Fees

  • $67 Monthly HOA Fees

Parking

  • 2

Home Design

  • Cabin
  • Log Siding

Interior Spaces

  • Open Floorplan
  • Wood Flooring
  • Crawl Space
  • Breakfast Bar

Bedrooms and Bathrooms

  • Walk-In Closet

Additional Features

  • Pond
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 9778-01-8957

Community Details

Overview

  • Ipm Association, Phone Number (828) 650-6875

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2012

Lot Details

0

HOA Fees

$67 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Cabin
  • Ratio Close Price By List Price: 0.97600
  • Ratio Close Price By Original Li: 0.91729
  • Ratio Current Price By Acre: 196774.19
  • Ratio Current Price By Sq Ft: 183.00
  • Year Built: 2012
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 677
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Doors and Windows: Storm Window(s)
  • Equipment: Ceiling Fan(s), Disposal, Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Electric Oven
  • Fixture Exception Description: Metal cabinets in garage
  • Fixture Exception Yn: Yes
  • Flooring: Wood
  • H O A Management Phone: 828-650-6875
  • Interior Amenities: Breakfast Bar, Open Floorplan, Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 1323
  • Total Sq Ft: 2000

Exterior Features

  • Construction: Log, Wood
  • Construction Type: Off Frame Modular
  • Exterior Features: Fenced Yard

Garage/Parking

  • Driveway: Asphalt
  • Parking: Detached Garage, Garage - 2 Car

Utilities

  • Heating: Electric Hot Air, Heat Pump - AC
  • Sewer: Septic Installed
  • Water: Shared Well
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Club House, Gated Community, Pond
  • Association Fee: 800.00
  • Association Fee Frequency: Annually
  • HOA Management Company: IPM
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Features: Sloping, Year Round View
  • Lot Size Area: 1.860
  • Parcel Number: 9778-01-8957
  • Zoning Specification: RES

Tax Info

  • Tax Value: 342586.00
  • Tax Location: Madison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2018
Closed on
Jul 10, 2019
Sold by
Greene Edward A and Greene Dorothy S
Bought by
Toth Lorili H
Seller's Agent
Janice Southerland
Howard Hanna Beverly-Hanks Asheville-Downtown
Buyer's Agent
Holly Fletcher
Keller Williams Great Smokies
List Price
$399,000
Sold Price
$366,000
Premium/Discount to List
-$33,000
-8.27%
Current Estimated Value
$696,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,555
Avg. Annual Appreciation
10.88%
Original Mortgage
$231,000
Outstanding Balance
$202,377
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$494,178

Purchase Details

Listed on
May 7, 2012
Closed on
May 29, 2014
Sold by
Acc Development Co Inc
Bought by
Greene Edward A and Greene Dorothy S
Buyer's Agent
Janice Southerland
Howard Hanna Beverly-Hanks Asheville-Downtown
List Price
$475,000
Sold Price
$330,000
Premium/Discount to List
-$145,000
-30.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.04%
Original Mortgage
$308,750
Interest Rate
4.32%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Toth Lorili H $366,000 None Available
Greene Edward A $330,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Toth Lorili H $231,000
Previous Owner Greene Edward A $308,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/18/2019 07/18/19 Sold $366,000 -2.4% $183 / Sq Ft
06/12/2019 06/12/19 Pending -- -- --
05/16/2019 05/16/19 Price Changed $375,000 -3.6% $188 / Sq Ft
04/01/2019 04/01/19 Price Changed $389,000 -2.5% $195 / Sq Ft
11/16/2018 11/16/18 For Sale $399,000 +20.9% $200 / Sq Ft
06/02/2014 06/02/14 Sold $330,000 -30.5% $165 / Sq Ft View Prior Sale
02/07/2014 02/07/14 Pending -- -- --
05/07/2012 05/07/12 For Sale $475,000 -- $238 / 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 $2,658 $550,615 $110,116 $440,499
2023 $2,172 $368,202 $101,857 $266,345
2022 $2,172 $368,202 $101,857 $266,345
2021 $2,172 $368,202 $101,857 $266,345
2020 $2,172 $368,202 $101,857 $266,345
2019 $2,193 $342,586 $100,105 $242,481
2018 $2,090 $0 $0 $0
2017 $2,090 $0 $0 $0
2016 $2,090 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $342,586 $100,105 $242,481
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3453069

Canopy MLS (Canopy Realtor® Association)

APN: 9778-01-8957