NOT LISTED FOR SALE

74 Cottage Settings Unit 289 Black Mountain, NC 28711

Estimated Value: $710,000 - $1,097,000

0.23 Acre
$4,073,122 Price per Acre
10,019 Sq Ft Lot

Last Sold December 01, 2017

Last sale price $52,500

Est. 1,684% increase in value since last sale

Current estimated payment $5,353/month

540 Days on Market

About This Lot

As of December 2017

Great cottage lot in The Settings of Black Mountain. This lot is almost completely flat with a buffer area behind the lot; exposing views of mountains nearly 180 degrees. Several homes are under construction right now and it is a wonderful time to begin fulfilling your dreams of a home in the mountains of western North Carolina. This gated community offers lock and go security, clubhouse, hiking trails, playground, and more. Come see what makes The Settings so special!

Last Agent to Sell the Property

Bob Gilkeson

RE/MAX Executive License #244014 Listed on: 04/21/2016

RE/MAX Executive

Last Buyer's Agent

Rosie Johnson

GreyBeard Realty License #207617

Property Details

Property Type

  • Land

Lot Details

  • Level Lot
  • Many Trees
  • Property is zoned Residential Lot

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 0618-49-4155-00000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 1.05210
  • Ratio Close Price By Original Li: 0.87500
  • Ratio Current Price By Acre: 228260.87
  • Restrictions: Architectural Review, Livestock Restriction, Manufactured Home Not Allowed, Modular Not Allowed
  • Special Features: None

Interior Features

  • H O A Management Phone: 828-650-6875

Utilities

  • Sewer: City Sewer
  • Water: City Water

Condo/Co-op/Association

  • HOA Management Company: IPM Corporation
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Black Mountain
  • Middle School: Charles D Owen
  • High School: Charles D Owen

Lot Info

  • Lot Features: Level, Long Range View, Mountain View, Paved Frontage, Trees
  • Lot Size Area: 0.230
  • Parcel Number: 0618-49-4155-00000
  • Zoning: Residential Lot
  • Zoning Specification: RES
  • Plat Reference Section Pages: 789

Tax Info

  • Tax Value: 32200.00
  • Tax Amount Ncm: 315.00
  • Tax Location: Black Mountain

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2025
Sold by
Park John J and Park Cynthia
Bought by
John J Park Living Trust and Cynthia Park Living Trust
Current Estimated Value
$936,818

Purchase Details

Listed on
Apr 21, 2016
Closed on
Dec 1, 2017
Sold by
Taylor Barry J and Taylor Mary Cathy
Bought by
Park John J and Park Cynthia
Seller's Agent
Bob Gilkeson
RE/MAX Executive
Buyer's Agent
Rosie Johnson
GreyBeard Realty
List Price
$60,000
Sold Price
$52,500
Premium/Discount to List
-$7,500
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.29%

Purchase Details

Closed on
Apr 21, 2006
Sold by
Richmarc Black Mountain Llc
Bought by
Taylor Barry J and Taylor Mary Cathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,910
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
John J Park Living Trust -- None Listed On Document
Park John J $52,500 None Available
Taylor Barry J $140,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taylor Barry J $125,910
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2017 12/01/17 Sold $52,500 -12.5% --
10/13/2017 10/13/17 Pending -- -- --
04/21/2016 04/21/16 For Sale $60,000 -- --
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
2025 $4,815 $574,200 $48,300 $525,900
2024 $4,815 $574,200 $48,300 $525,900
2023 $4,815 $574,200 $48,300 $525,900
2022 $4,559 $574,200 $0 $0
2021 $4,059 $574,200 $0 $0
2020 $416 $48,300 $0 $0
2019 $416 $48,300 $0 $0
2018 $416 $48,300 $0 $0
2017 $421 $32,200 $0 $0
2016 $315 $32,200 $0 $0
2015 $315 $32,200 $0 $0
2014 $315 $32,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3169815

Canopy MLS (Canopy Realtor® Association)

APN: 0618-49-4155-00000