NOT LISTED FOR SALE

85 Melrose Ave Tryon, NC 28782

Estimated Value: $1,212,418 - $1,474,000

13 Beds
7.5 Baths
7,218 Sq Ft
$186/Sq Ft Est. Value

Last Sold April 16, 2024

Last sale price $1,200,000 $166 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,245/month

241 Days on Market

Highlights

  • Mountain View
  • Spanish Architecture
  • Screened Porch
  • Wood Flooring
  • Terrace
  • Balcony

About This Home

As of April 2024

Historic Spanish Court and Hidden House are for sale for the first time on 3.95 acres in the center of Tryon! Spanish Court is a five-unit apartment building situated across from the Tryon Fine Arts Center featuring many wonderful architectural details including arched windows, tile roof, carved columns, fireplaces, French doors, screen porches and open terraces. Behind it, and included in this listing, is a detached Spanish dwelling known as Hidden House. It is highlighted by a large, vaulted living room with massive, exposed beams as well as a stucco fireplace with arched opening, arched windows, and French doors to a large brick terrace. There are two additional stucco fireplaces in bedrooms and a wonderful sunroom with arched windows! The house sits on top of a full unfinished basement. Both buildings are in need of renovations, but they are well worth being preserved due to their wonderful design elements, having been built in 1926 and designed by J. Foster Searles.

Last Agent to Sell the Property

Robert Rossier

Rossier Realty Brokerage Email: bobrossier@outlook.com License #205757 Listed on: 07/05/2023

Last Buyer's Agent

Non Member

Canopy Administration

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 3.95

Parking

  • 2 Car Detached Garage
  • Basement Garage

Home Design

  • Spanish Architecture
  • Tile Roof
  • Stucco

Interior Spaces

  • 7,218 Sq Ft Home
  • Property has 3 Levels
  • French Doors
  • Living Room with Fireplace
  • Dining Room
  • Screened Porch
  • Mountain Views
  • Pull Down Stairs to Attic
  • Laundry Room

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 13 Bedrooms

Unfinished Basement

  • Walk-Out Basement
  • Stubbed For A Bathroom

Outdoor Features

  • Balcony
  • Terrace
  • Outbuilding

Utilities

  • Central Heating and Cooling System
  • Cooling System Powered By Gas
  • Ductless Heating Or Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all except water
  • The owner pays for exterior maintenance, interior common lights, water
  • Assessor Parcel Number T11-A23

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

3.95 Acres

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Sixplex
  • Architectural Style: Spanish
  • Year Built: 1926
  • Road Surface Type: Gravel, Paved
  • ResoPropertyType: ResidentialIncome
  • Property Sub Type Additional: Garden,Patio Home
  • Geocode Confidence: High
  • Attribution Contact: bobrossier@outlook.com
  • Special Features: None
  • Stories: 3

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Interior Amenities: Attic Stairs Pulldown
  • Sq Ft Unheated Basement: 3419
  • Room Other: Bedroom(s),Bathroom(s),Living Room,Dining Room
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Owner Pays: Exterior Maintenance, Interior Common Lights, Water
  • Has Basement: Basement Garage Door, Bath/Stubbed, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 13
  • Door Features: French Doors
  • Fireplace Features: Living Room
  • Living Area: 7218
  • Building Stories: 3

Exterior Features

  • New Construction: No
  • Roof: Tile
  • Construction Type: Site Built
  • View: Mountain(s)
  • Waterfront Features: None
  • Construction Type: Hard Stucco
  • Other Structures: Outbuilding
  • Patio And Porch Features: Balcony, Screened, Terrace

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Basement, Detached Garage

Utilities

  • Heating: Central, Ductless, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: In Basement
  • Cooling: Central Air, Ductless, Gas
  • Utilities: Cable Available, Gas
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: T11-A23
  • Lot Size: Irregular
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RM & R4

Rental Info

  • Tenant Pays: All except water
  • Pets Allowed: Conditional

Multi Family

  • Number Of Units Total: 6

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2023
Closed on
Apr 10, 2024
Sold by
Grady Frances Elizabeth
Bought by
H2amd Llc
Seller's Agent
Robert Rossier
Rossier Realty
Buyer's Agent
Non Member
Canopy Administration
List Price
$1,700,000
Sold Price
$1,200,000
Premium/Discount to List
-$500,000
-29.41%
Views
803
Current Estimated Value
$1,343,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,209
Avg. Annual Appreciation
6.35%
Original Mortgage
$650,000
Outstanding Balance
$488,052
Interest Rate
6.94%
Mortgage Type
Seller Take Back
Estimated Equity
$855,157

Purchase Details

Listed on
Jul 5, 2023
Closed on
Apr 5, 2024
Sold by
Grady Family Revocable Living Trust and Grady Frances Elizabeth
Bought by
Grady Frances Elizabeth
Seller's Agent
Robert Rossier
Rossier Realty
Buyer's Agent
Non Member
Canopy Administration
List Price
$1,700,000
Sold Price
$1,200,000
Premium/Discount to List
-$500,000
-29.41%
Views
803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$488,052
Interest Rate
6.94%
Mortgage Type
Seller Take Back
Estimated Equity
$855,157

Purchase Details

Closed on
Jun 7, 1991
Bought by
Grady Earle Keith

Purchase Details

Closed on
Jun 9, 1989
Bought by
Grady Earle Keith

Purchase Details

Closed on
Nov 2, 1979
Bought by
Grady Earle Keith
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
H2amd Llc $1,200,000 None Listed On Document
H2amd Llc $1,200,000 None Listed On Document
Grady Frances Elizabeth -- None Listed On Document
Grady Frances Elizabeth -- None Listed On Document
Grady Earle Keith -- --
Grady Earle Keith -- --
Grady Earle Keith -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open H2amd Llc $650,000
Closed H2amd Llc $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2024 04/16/24 Sold $1,200,000 -29.4% $166 / Sq Ft
02/29/2024 02/29/24 Pending -- -- --
07/03/2023 07/03/23 For Sale $1,700,000 -- $236 / Sq Ft
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 $3,911 $844,806 $250,000 $594,806
2024 $2,745 $471,025 $234,125 $236,900
2023 $2,698 $471,025 $234,125 $236,900
2022 $2,919 $471,025 $234,125 $236,900
2021 $2,919 $471,025 $234,125 $236,900
2020 $2,657 $394,026 $234,125 $159,901
2019 $2,657 $394,026 $234,125 $159,901
2018 $2,533 $394,026 $234,125 $159,901
2017 $2,533 $463,838 $234,125 $229,713
2016 $2,911 $463,838 $234,125 $229,713
2015 $2,820 $0 $0 $0
2014 $2,820 $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Robert Rossier

    Rossier Realty

    (704) 533-4390

    3 in this area

    9 Total Sales

    Robert Rossier
    Section Image

  • N

    Buyer's Agent in 2024

    Non Member

    NC_CanopyMLS

See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4046045

Canopy MLS (Canopy Realtor® Association)

APN: T11-A23

North Carolina Polk County Tryon 28782

85 Melrose Ave, Tryon, NC

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.