NOT LISTED FOR SALE

905 Bailey Rd Franklin, NC 28734

Estimated Value: $240,000 - $286,000

2 Beds
2 Baths
-- Sq Ft
0.68 Acres

Last Sold January 08, 2024

Last sale price $230,000

Est. 13% increase in value since last sale

Current estimated payment $1,436/month

34 Days on Market

Highlights

  • RV Access or Parking
  • Deck
  • Cathedral Ceiling
  • Open Floorplan
  • Traditional Architecture
  • Bonus Room

About This Home

As of January 2024

Practically unrestricted home, close to town. This Two bedroom two bath Home has lots of room to expand in the basement area. The home comes furnished with everything you would need to start out. This home features vaulted ceilings, an open floor plan, a rock fireplace, and a wonderful rap-around deck looking out into the Smokie Mountains. The kitchen dining area combination is good sized with lots of cabinet and counter space. This opens into the large living room with huge windows to bring the outdoors in. There is also a lovely rock fireplace for those cool evenings. Also on the main living level are two bedrooms that share a bath. The primary has plenty of space for a king bed and all the accompanying furniture. The lower level is just perfect to be expanded into. Two rooms could be converted into additional living space, a full bath, and a single-car garage. In addition, there is a little storage area. The home sits on a very gently sloping lot with an established garden area. The only restrictions are one home per-lot, and can not disrupt creeks. All this with the easy driving distance to many activities including hiking, biking, or rafting.

Last Agent to Sell the Property

John Evans

RE/MAX Elite Realty Brokerage Phone: 8283494600 License #280456 Listed on: 08/29/2023

RE/MAX Elite Realty

Last Buyer's Agent

Board Member Non

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $601

Year Built

  • Built in 1988

Lot Details

  • 0.68 Acre Lot
  • Fenced Yard
  • Open Lot
  • Lot Has A Rolling Slope

Parking

  • 1 Car Garage
  • Basement Garage
  • RV Access or Parking

Home Design

  • Traditional Architecture
  • Cottage
  • Metal Roof
  • Wood Siding

Interior Spaces

  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Insulated Windows
  • Insulated Doors
  • Combination Kitchen and Dining Room
  • Bonus Room
  • Workshop

Kitchen

  • Electric Oven or Range
  • Microwave

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Workshop
  • Laundry in Basement

Outdoor Features

  • Deck
  • Terrace

Utilities

  • Window Unit Cooling System
  • Heating System Uses Wood
  • Water Filtration System
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Echo Valley Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 7506192509

Home Details

Home Type

Single Family

Est. Annual Taxes

$601

Year Built

Built in 1988

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Lot Size Acres: 0.68
  • Road Surface Type: Gravel
  • Ownership: Less than One Year
  • Subdivision Name: Echo Valley
  • Directions: 441N to LEFT on Echo Valley Road (Black Bear Paving) LEFT onto Bailey Road. Cross over bridge bear left on Bailey Road to House on RIGHT #905
  • Architectural Style: Traditional, Cottage
  • Carport Y N: No
  • Garage Yn: Yes
  • Year Built: 1988
  • Kitchen Level: Second
  • NAV27_rets_property_type: Residential
  • Attribution Contact: 8283494600
  • NAV27_AllowsVacationRentalYN: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Water Filter System, Microwave, Electric Oven/Range, Refrigerator, Washer, Dryer
  • Has Basement: Full, Partitioned, Workshop, Exterior Entry, Washer/Dryer Hook-up, Lower/Terrace
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Doors-Insulated
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Bonus Room, Cathedral/Vaulted Ceiling, Ceiling Fan(s), Kitchen/Dining Room, Open Floorplan, Workshop
  • Window Features: Insulated Windows
  • Room Bedroom2 Level: Second
  • Living Room Living Room Level: Second
  • Master Bedroom Master Bedroom Level: Second
  • Room Bedroom2 Area: 100.88
  • Room Living Room Area: 329.84
  • Room Kitchen Area: 190.35
  • Dining Room Dining Room Level: Second
  • Master Bedroom Master Bedroom Width: 13.5
  • Room Master Bedroom Area: 205.2

Exterior Features

  • Fencing: Fenced Yard
  • Lot Features: Allow RVs, Open Lot, Rolling, Unrestricted
  • View: No
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Patio And Porch Features: Deck
  • Roof: Metal

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Garage-Single in Basement

Utilities

  • Laundry Features: In Basement
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Wood
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cell Service Available
  • Water Source: Well
  • Telephone: Cell Service Available

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Size Sq Ft: 29620.8
  • Parcel #: 7506192509

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 600.7
  • Tax Book Number: N-39

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2023
Closed on
Nov 16, 2023
Sold by
Levine Michael J
Bought by
Sargent Marian
Seller's Agent
John Evans
RE/MAX Elite Realty
Buyer's Agent
Board Member Non
List Price
$239,000
Sold Price
$230,000
Premium/Discount to List
-$9,000
-3.77%
Views
336
Current Estimated Value
$259,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,624
Avg. Annual Appreciation
7.08%
Original Mortgage
$230,000
Interest Rate
4%
Mortgage Type
VA

Purchase Details

Listed on
Jul 25, 2019
Closed on
Oct 11, 2019
Sold by
Fulwood Erma Jean and Fulwood Ernest H
Bought by
Walker Sherry L
Seller's Agent
Becky Ramey
Re/Max Elite Realty
Buyer's Agent
Board Member Non
List Price
$119,000
Sold Price
$119,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.99%
Original Mortgage
$75,000
Interest Rate
3.5%
Mortgage Type
New Conventional
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
Sargent Marian $230,000 None Listed On Document
Sargent Marian $230,000 None Listed On Document
Walker Sherry L $119,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sargent Marian $230,000
Previous Owner Walker Sherry L $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/08/2024 01/08/24 Sold $230,000 -3.7% --
10/03/2023 10/03/23 Pending -- -- --
09/29/2023 09/29/23 Price Changed $238,900 0.0% --
08/29/2023 08/29/23 For Sale $239,000 +100.8% --
10/28/2019 10/28/19 Sold $119,000 0.0% $124 / Sq Ft View Prior Sale
09/28/2019 09/28/19 Pending -- -- --
07/25/2019 07/25/19 For Sale $119,000 -- $124 / Sq Ft
Source: Carolina Smokies 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
2025 $707 $172,660 $29,070 $143,590
2024 $707 $172,660 $29,070 $143,590
2023 $601 $172,660 $29,070 $143,590
2022 $601 $104,830 $14,220 $90,610
2021 $584 $104,830 $14,220 $90,610
2020 $558 $104,830 $14,220 $90,610
2018 $444 $86,480 $8,000 $78,480
2017 -- $86,480 $8,000 $78,480
2016 $435 $86,480 $8,000 $78,480
2015 -- $86,480 $8,000 $78,480
2014 $361 $93,490 $8,000 $85,490
2013 -- $93,490 $8,000 $85,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26031483

APN: 7506192509