NOT LISTED FOR SALE

862 Mills River Way Unit 40R Horse Shoe, NC 28742

Estimated Value: $74,248 - $139,000

1.07 Acres
$99,649 Price per Acre
46,609 Sq Ft Lot

Last Sold December 22, 2023

Last sale price $70,000

Est. 52% increase in value since last sale

Current estimated payment $757/month

47 Days on Market

Highlights

  • Mountain View
  • Clubhouse
  • Picnic Area
  • Mills River Elementary School Rated A-
  • Wooded Lot

About This Lot

As of December 2023

Beautiful gated subdivision. Stunning short, mid and long range panoramic views with a gradual sloping terrain which provides for an easy build of your home. Rhododendron and Mountain Laurel galore. Expired septic permit dated 3/6/2018 with approval for 4 bedrooms. Wonderful community infrastructure including underground utilities and natural gas is available. Beautiful club house is remote on 10+ acres along Mills River with its rippling waters. Great for events, camping, barbecuing and fishing and has picnic areas. Convenience is awesome; 5 minutes from Ingles Supermarket, approximately 10 minutes to Appalachian Mountain Brewery, Sierra Nevada Brewery, and others in Mills River, 15 minutes to the airport , 25 minutes to Hendersonville and Brevard and about 35 minutes to Downtown Asheville. Build your dream home in this mountain paradise. Mills River offers some of the finest trout streams, camping, hiking and mountain biking in the WNC area.

Last Agent to Sell the Property

Marc Weinstein

Engel & Völkers Foothills Longtown Brokerage Email: marc.weinstein@evrealestate.com License #309170 Listed on: 09/21/2023

Engel & Völkers Foothills Longtown

Last Buyer's Agent

Kenneth McCall

Lake Toxaway Co. License #197685

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $405

Lot Details

  • Sloped Lot
  • Wooded Lot
  • Possible uses of the property include Residential
  • Property is zoned R3

HOA Fees

  • $158 Monthly HOA Fees

Property Views

  • Mountain Views

Schools

  • Mills River Elementary School
  • Rugby Middle School
  • West Henderson High School

Utilities

  • Underground Utilities
  • Well Required
  • Septic Needed
  • Fiber Optics Available

Listing and Financial Details

  • Assessor Parcel Number 9611-84-5152

Community Details

Overview

  • Ipm Property Management Association, Phone Number (828) 650-6875
  • Homestead At Mills River Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area
  • Clubhouse

Property Details

Property Type

Land

Est. Annual Taxes

$405

Lot Details

0

HOA Fees

$158 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: Architectural Review,Livestock Restriction,Manufactured Home Not Allowed,Modular Not Allowed,Square Feet
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Geocode Confidence: High
  • Attribution Contact: marc.weinstein@evrealestate.com
  • Special Features: None

Interior Features

  • Possible Use: Residential

Exterior Features

  • View: Long Range, Mountain(s), Year Round
  • Waterfront Elevation: 2000
  • Other Structures: None

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Septic Needed
  • Utilities: Fiber Optics, Gas, Underground Power Lines, Underground Utilities
  • Water Source: Well Needed

Condo/Co-op/Association

  • Community Features: Clubhouse, Gated, Picnic Area, Street Lights
  • Association Fee: 1892
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: IPM Property Management
  • Phone: 828-650-6875
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 1892.00

Schools

  • Middle Or Junior School: Rugby
  • HOA Subject To: Required

Lot Info

  • Lot Features: Sloped, Wooded, Views
  • Lot Size Area: 1.07
  • Lot Size Units: Acres
  • Parcel Number: 9611-84-5152
  • Plat Book Slide: 5419B
  • Can Be Subdivided: 0
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R3

MLS Schools

  • Elementary School: Mills River
  • High School: West Henderson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2023
Closed on
Dec 18, 2023
Sold by
Kolenko Daniel V and Kolenko Gail H
Bought by
Siebenheller David W and Siebenheller Jill E
Seller's Agent
Marc Weinstein
Engel & Völkers Foothills Longtown
Buyer's Agent
Kenneth McCall
Lake Toxaway Co.
List Price
$79,000
Sold Price
$70,000
Premium/Discount to List
-$9,000
-11.39%
Views
21
Current Estimated Value
$106,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,624
Avg. Annual Appreciation
26.17%

Purchase Details

Listed on
Jun 4, 2020
Closed on
Jul 22, 2021
Sold by
Feldman and Iva
Bought by
Kolenko Daniel V and Kolenko Gail H
Seller's Agent
Marc Weinstein
Engel & Völkers Foothills Longtown
Buyer's Agent
Marc Weinstein
Engel & Völkers Foothills Longtown
List Price
$64,900
Sold Price
$58,000
Premium/Discount to List
-$6,900
-10.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.15%

Purchase Details

Closed on
Feb 19, 2018
Sold by
Wilson Florian L
Bought by
Feldman Mark

Purchase Details

Closed on
Jul 7, 2005
Sold by
Not Provided
Bought by
Wilson Florian L and Wilson Gail S
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
Siebenheller David W $70,000 None Listed On Document
Kolenko Daniel V $58,000 Hogan & Brewer Pllc
Feldman Mark $60,000 --
Wilson Florian L $297,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/22/2023 12/22/23 Sold $70,000 -11.4% --
09/21/2023 09/21/23 For Sale $79,000 +36.2% --
07/29/2021 07/29/21 Sold $58,000 -10.6% -- View Prior Sale
06/25/2021 06/25/21 Pending -- -- --
06/04/2020 06/04/20 For Sale $64,900 -- --
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 $405 $76,300 $76,300 $0
2024 $405 $76,300 $76,300 $0
2023 $405 $76,300 $76,300 $0
2022 $409 $60,900 $60,900 $0
2021 $409 $60,900 $60,900 $0
2020 $409 $60,900 $0 $0
2019 $409 $60,900 $0 $0
2018 $326 $49,800 $0 $0
2017 $326 $49,800 $0 $0
2016 $326 $49,800 $0 $0
2015 -- $49,800 $0 $0
2014 -- $91,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4071246

Canopy MLS (Canopy Realtor® Association)

APN: 1000821