NOT LISTED FOR SALE

81 Adkins Farm Rd Spruce Pine, NC 28777

Estimated Value: $802,000 - $2,771,945

140.2 Acres
$12,746 Price per Acre
6,107,112 Sq Ft Lot

Last Sold June 29, 2020

Last sale price $1,400,000

Est. 28% increase in value since last sale

Current estimated payment $10,226/month

Highlights

  • Horse Facilities
  • Home fronts a pond
  • Mountain View
  • Barn
  • 140.2 Acre Lot
  • Partially Wooded Lot

About This Lot

As of June 2020

The current lender says they will loan to 70% of value to qualified buyer! Unquestionably one of the most scenic and private farms across the Mountains of Western North Carolina. Nestled one mile off the Blue Ridge Parkway near Little Switzerland, North Carolina, you'll discover a peaceful, private 140.2-acre farm. Enter through one of two stone gate entrances and ahead lies a historic barn with a silo, a large drive-through barn and beautiful ponds and waterfalls. A quaint log cabin with an outdoor grill and fireplace sits in one of the tranquil forests on the property. Wind your way past fields, creeks, and ponds to meadows with awe-inspiring views. Own your own Mountain Top and enjoy the views of several iconic mountain ranges, including Table Rock, Hawksbill, Grandfather Mountain and Mount Mitchell. There are 6 ponds for animal and aquaculture potential, a gravity fed water system, a 150-year-old hardwood forest, a helipad and meadows and mountain tops with amazing building sites which all create a place you will want to call home. There are endless possibilities for this exquisite property. Come see for yourself!

Last Agent to Sell the Property

Karen Barker

Premier Sotheby's Int'l Realty Listed on: 04/01/2019

Last Buyer's Agent

Suheila Bookwalter

Howard Hanna Allen Tate Realto

Howard Hanna Allen Tate Realto

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,631

Lot Details

  • 140.2 Acre Lot
  • Home fronts a pond
  • Southern Exposure
  • Property is Fully Fenced
  • Lot Has A Rolling Slope
  • Partially Wooded Lot

Schools

  • Outside Of Area Elementary School

Farming

  • Barn
  • Crops
  • Pasture

Additional Features

  • Mountain Views
  • Mobile Home Allowed
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 078800143516

Community Details

Overview

  • No Home Owners Association

Recreation

  • Horse Facilities
  • Outbuilding

Property Details

Property Type

Land

Est. Annual Taxes

$3,631

Lot Details

0

Listing Details

  • Property Sub Type: Acreage
  • Prop. Type: Land
  • Lot Size Acres: 140.2
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Property Sub Type Additional: Acreage
  • Special Features: VirtualTour

Exterior Features

  • Fencing: Full, Partial
  • Lot Features: Mobile Home Allowed, Acreage, Pasture, Rolling Slope, Wooded
  • Topography: Pasture,Rolling
  • View: Long Range, Southern Exposure
  • View: Yes
  • Waterfront Features: Pond
  • Waterfront: Yes
  • Exterior Features: Fence, Horse Facilities, Out Building(s)
  • Other Structures: Barn(s), Outbuilding

Utilities

  • Sewer: Private Sewer
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Outside of Area

Lot Info

  • Parcel #: 078800143516
  • Zoning Description: None
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3631.0
  • Tax Book Number: 564/174

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2019
Closed on
Jun 10, 2020
Sold by
Visionary Venture Holdings Llc
Bought by
Hodges Mountain Farm Llc
Seller's Agent
Karen Barker
Premier Sotheby's Int'l Realty
Buyer's Agent
Suheila Bookwalter
Howard Hanna Allen Tate Realto
List Price
$1,400,000
Sold Price
$1,400,000
Current Estimated Value
$1,786,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$386,973
Avg. Annual Appreciation
4.75%
Original Mortgage
$900,000
Outstanding Balance
$765,591
Interest Rate
3.2%
Mortgage Type
Commercial
Estimated Equity
$1,021,382
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
Hodges Mountain Farm Llc $1,400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hodges Mountain Farm Llc $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2020 06/29/20 Sold $1,400,000 0.0% --
05/30/2020 05/30/20 Pending -- -- --
04/01/2019 04/01/19 For Sale $1,400,000 -- --
Source: High Country Association of REALTORS®

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 $9,024 $1,432,400 $826,000 $606,400
2023 $9,024 $1,432,400 $826,000 $606,400
2022 $9,024 $1,432,400 $826,000 $606,400
2021 $6,565 $1,010,000 $670,500 $339,500
2020 $6,494 $999,000 $670,500 $328,500
2019 $6,494 $999,000 $670,500 $328,500
2018 $6,494 $999,000 $670,500 $328,500
2017 $3,934 $605,200 $427,000 $178,200
2016 $3,631 $605,200 $427,000 $178,200
2015 $363 $605,200 $427,000 $178,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 213513

High Country Association of REALTORS®

APN: 0788-00-14-3516