NOT LISTED FOR SALE

876 Bailey St Mars Hill, NC 28754

Estimated Value: $293,000 - $443,179

4 Beds
2 Baths
2,329 Sq Ft
$156/Sq Ft Est. Value

Last Sold July 09, 2024

Last sale price $325,000 $140 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,099/month

10 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Workshop
  • Madison Middle School Rated A-
  • Wood Flooring
  • 1 Car Attached Garage

About This Home

As of July 2024

Rare opportunty! At appraised value, as is Fixer upper in highly desired established neighborhood in Mars Hill. This home is separately metered for a duplex with second kitchen or second living area. Inclosed side porch on main level for entertaining and large unfinished space in the basement to expand or use as a workshop. This home has a large fenced back yard and is bordered in the rear by land owned by the Madison County School board and borderd on the side by Mars Hill Elementary and the Otis Duck walking trail. Less that 1 mile from Mars Hill University and main street with dining and shopping options. Listing broker is related to seller.

Last Agent to Sell the Property

Dana Anderson

Quinn Anderson Real Estate Solutions LLC Brokerage Email: DanaAnderson013@gmail.com License #332622 Listed on: 05/19/2024

Co-Listed By

Bruce Anderson

Quinn Anderson Real Estate Solutions LLC Brokerage Email: DanaAnderson013@gmail.com License #145338

Last Buyer's Agent

Ed Parker

Keller Williams Professionals License #282199

Keller Williams Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,170

Year Built

  • Built in 1956

Lot Details

  • Back Yard Fenced
  • Chain Link Fence
  • Property is zoned R1

Parking

  • 1 Car Attached Garage
  • Basement Garage
  • Rear-Facing Garage
  • Driveway

Home Design

  • Ranch Style House
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Wood Flooring
  • Electric Oven

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Attic

  • Attic Fan
  • Permanent Attic Stairs

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Interior Basement Entry
  • Apartment Living Space in Basement
  • Workshop
  • Basement Storage

Schools

  • Mars Hill Elementary School
  • Madison Middle School
  • Madison High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Oil
  • Radiant Heating System
  • Electric Water Heater
  • Fiber Optics Available
  • Cable TV Available

Additional Features

  • Deck
  • Separate Entry Quarters

Listing and Financial Details

  • Assessor Parcel Number 9747-78-4214

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,170

Year Built

Built in 1956

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1956
  • Second Living Quarters: Exterior Connected,Interior Connected,Separate Entrance,Separate Kitchen Facilities,Separate Living Quarters,Separate Utilities
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 139.54
  • Geocode Confidence: High
  • Attribution Contact: DanaAnderson013@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Attic Stairs Fixed
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1640
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 830
  • Sq Ft Unheated Main: 195
  • Sq Ft Unheated Total: 1025
  • Sq Ft Upper: 0
  • Appliances: Electric Oven, Electric Water Heater, Refrigerator, Washer
  • Other Equipment: Fuel Tank(s)
  • Above Grade Finished Sq Ft: 1640
  • Has Basement: Apartment, Basement Garage Door, Basement Shop, Full, Interior Entry, Partially Finished, Storage Space, Walk-Out Access, Walk-Up Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 689
  • Fireplace Features: Family Room, Wood Burning
  • Living Area: 2329
  • Bedroom Main: 2
  • Room Count: 13
  • Bedroom Basement: 2

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Fencing: Back Yard, Chain Link
  • Waterfront Elevation: 2000
  • Construction Type: Brick Full
  • Patio And Porch Features: Deck

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 316
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Basement, Driveway, Attached Garage, Garage Faces Rear

Utilities

  • Heating: Hot Water, Oil, Radiant
  • Sewer: Public Sewer
  • Laundry Features: Inside, Main Level, Washer Hookup
  • Cooling: Attic Fan
  • Utilities: Cable Available, Electricity Connected, Fiber Optics
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Area: 0.5
  • Lot Size Units: Acres
  • Parcel Number: 9747-78-4214
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R1

MLS Schools

  • Elementary School: Mars Hill
  • High School: Madison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2024
Closed on
Jul 9, 2024
Sold by
Roberts Mary Ruth E and Manor Mars Hill
Bought by
Gillespie Justin Ray and Cook Heather Kirsten
Seller's Agent
Dana Anderson
Quinn Anderson Real Estate Solutions LLC
Buyer's Agent
Ed Parker
Keller Williams Professionals
List Price
$368,000
Sold Price
$325,000
Premium/Discount to List
-$43,000
-11.68%
Views
13
Current Estimated Value
$362,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,295
Avg. Annual Appreciation
14.47%
Original Mortgage
$200,000
Outstanding Balance
$198,472
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$177,088
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
Gillespie Justin Ray $325,000 None Listed On Document
Gillespie Justin Ray $325,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gillespie Justin Ray $200,000
Closed Gillespie Justin Ray $200,000
Previous Owner Roberts Mary Ruth E $69,400
Previous Owner Roberts Mary Ruth E $83,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2024 07/09/24 Sold $325,000 -11.7% $140 / Sq Ft
05/30/2024 05/30/24 Pending -- -- --
05/19/2024 05/19/24 For Sale $368,000 -- $158 / Sq Ft
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
2024 $1,170 $286,090 $27,621 $258,469
2023 $1,152 $194,424 $25,110 $169,314
2022 $1,152 $194,424 $25,110 $169,314
2021 $1,152 $194,424 $25,110 $169,314
2020 $1,152 $194,424 $25,110 $169,314
2019 $898 $134,150 $18,600 $115,550
2018 $698 $0 $0 $0
2017 $1,328 $0 $0 $0
2016 $1,328 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $134,150 $18,600 $115,550
2013 -- $134,150 $18,600 $115,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4142349

Canopy MLS (Canopy Realtor® Association)

APN: 9747-78-4214