NOT LISTED FOR SALE

87 Penland Point Dr Hayesville, NC 28904

Hayesville Area

Estimated Value: $973,308

3 Beds
2.5 Baths
-- Sq Ft
2 Acre Lot

Sale Details

Date Sold: November 13, 2023

Last sale price $735,000

Est. 32% increase in value since last sale

Current estimated payment $5,618 / mo

95 Days on Market

Highlights

  • Lake Front
  • Deck
  • Main Floor Primary Bedroom
  • 2 Acre Lot
  • Wood Flooring
  • 3 Fireplaces

About This Home

As of November 2023

AMAZING OPPORTUNITY FOR ROI + a glimpse of history on the shores of Lake Chatuge! Original section of the home is listed as a 1940 build however it was moved for the creation of Chatuge so actual build date is uncertain! Owners in '85 did a major addition adding a foyer, large living room with fireplace, big primary suite & storage then connected the old to the new! The '40s' floors gleam under deep baseboards, original doors, hardware & trim. The kitchen was updated at some point, baths are reflective of the times with pastel glazed tile, all in great condition! The 2-acre property extends under the lake to the old Hiawassee Road & sellers have a new TVA dock permit for a double covered slip so, no waiting! Perfect fit for that buyer with vision & the wherewithal to renovate a wonderful old farmhouse ON THE LAKE with FABULOUS views!

Last Agent to Sell the Property

Shelagh Whitney

Advantage Chatuge Realty Brokerage Phone: 8283894466 License #217361 Listed on: 07/09/2023

Last Buyer's Agent

Kristin Wilborn

REMAX Town & Country - Blue Ridge

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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 2 Acre Lot
  • Lake Front
  • Fenced
  • Level Lot
  • Garden

Property Views

  • Lake
  • Mountain

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • 3 Fireplaces
  • Crawl Space

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Driveway
  • Open Parking

Outdoor Features

  • Deck
  • Separate Outdoor Workshop

Utilities

  • Cooling Available
  • Baseboard Heating
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot TR 1
  • Assessor Parcel Number 547902957558

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

2 Acres

Listing Details

  • Prop. Type: Residential
  • Year Built: 1940
  • Property Sub Type: Residential
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 2
  • Road Surface Type: Gravel
  • Water Body Name: Chatuge
  • Architectural Style: Ranch, See Remarks
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Refrigerator, Range, Microwave, Dishwasher, Washer, Dryer
  • Has Basement: Crawl Space, Slab
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Vented
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Wood, Carpet, Vinyl
  • Interior Amenities: Pantry, Sheetrock
  • Master Bedroom Master Bedroom Level: Main

Exterior Features

  • Roof: Shingle
  • View: Mountain(s), Year Round, Lake
  • Fencing: Fenced
  • Topography: Level
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Frame, See Remarks, Other, Brick
  • Exterior Features: Garden
  • Other Structures: Workshop
  • Patio And Porch Features: Front Porch, Deck, Screened
  • Property Condition: Resale

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Driveway, Gravel

Utilities

  • Cooling: Window Unit(s)
  • Heating: Baseboard, See Remarks
  • Sewer: Septic Tank, See Remarks
  • Laundry Features: Main Level
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Well, See Remarks

Condo/Co-op/Association

  • Community Features: Lake Access
  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Hayesville

Lot Info

  • Lot Size Sq Ft: 87120
  • Parcel #: 547902957558
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Lot: TR 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2023
Closed on
Nov 7, 2023
Sold by
Allen Ronald James and Allen Dawn Nichole
Bought by
Seller's Agent
Shelagh Whitney
Advantage Chatuge Realty
Buyer's Agent
Kristin Wilborn
REMAX Town & Country - Blue Ridge
List Price
$837,400
Sold Price
$735,000
Premium/Discount to List
-$102,400
-12.23%
Views
212
Current Estimated Value
$973,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,308
Avg. Annual Appreciation
10.39%

Purchase Details

Listed on
Jun 14, 2022
Closed on
Jun 2, 2023
Sold by
Bellassai Sheila R and Bellassai Salvatore
Bought by
Allen Ronald James and Allen Dawn Nichole
Seller's Agent
Herbert Bruce
RE/MAX Hiawassee Realty
Buyer's Agent
Shelagh Whitney
Advantage Chatuge Realty
List Price
$1,700,000
Sold Price
$1,434,500
Premium/Discount to List
-$265,500
-15.62%
Views
129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-77.37%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Hayesville, NC

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$735,000 None Listed On Document
Allen Ronald James $1,434,500 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2023 11/13/23 Sold $735,000 -8.0% --
10/13/2023 10/13/23 Pending -- -- --
08/27/2023 08/27/23 Price Changed $799,000 -4.6% --
07/09/2023 07/09/23 For Sale $837,400 -41.6% --
06/02/2023 06/02/23 Sold $1,434,500 -15.6% -- View Prior Sale
01/02/2023 01/02/23 Pending -- -- --
06/14/2022 06/14/22 For Sale $1,700,000 -- --
Source: Northeast Georgia Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 -- $579,200 $391,100 $188,100
2024 $2,664 $579,200 $391,100 $188,100
2023 $2,664 $579,200 $391,100 $188,100
2022 $2,664 $579,200 $391,100 $188,100
2021 $2,664 $579,200 $391,100 $188,100
2020 $2,664 $579,200 $391,100 $188,100
2019 $2,664 $579,200 $391,100 $188,100
2018 $2,664 $579,200 $391,100 $188,100
2016 -- $640,323 $500,000 $140,323
2015 -- $640,323 $500,000 $140,323
2014 -- $640,323 $500,000 $140,323
Source: Public Records

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Map

Source: Northeast Georgia Board of REALTORS®

MLS Number: 326531

Northeast Georgia Board of REALTORS®

APN: 547902-95-7558

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