NOT LISTED FOR SALE

91 Falls Cove Rd Cullowhee, NC 28723

Estimated Value: $342,000 - $528,000

2 Beds
1.5 Baths
-- Sq Ft
1.07 Acres

Last Sold July 15, 2020

Last sale price $231,000

Est. 85% increase in value since last sale

Current estimated payment $2,463/month

253 Days on Market

Highlights

  • View of Trees or Woods
  • Wooded Lot
  • Furnished
  • Deck
  • Wood Flooring
  • No HOA

About This Home

As of July 2020

Cedar Log home in quiet setting close to Lake Glenville. AirBnB possibilities - one bedroom and one bath upstairs, and one bedroom with bathroom (shower) downstairs. Central air/heat upstairs and gas log fireplace. Garden area, garden shed and tool work room. Owner says there is deeded lake access, but it is overgrown. Owner has not been in house in three years, and is limited in terms of knowledge of working systems. Being sold "as is". Suggest you do inspections. Systems appear to work. Central air/heat is 4 years old. Great home for summer retreat, rental investment or starter home. Some rooms could be repurposed to better fit buyer's needs. Bathrooms are functional but may be ready for updating.

Last Agent to Sell the Property

Ted Schmidt

Carolina Select Real Estate, Inc. Brokerage Phone: 8282792732 Listed on: 09/20/2019

Last Buyer's Agent

Dan Allen

Silver Creek Real Estate Group, Inc. License #216684

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $907

Year Built

  • Built in 1988

Lot Details

  • 1.07 Acre Lot
  • Lot Has A Rolling Slope
  • Cleared Lot
  • Wooded Lot
  • Garden

Home Design

  • Metal Roof
  • Concrete Siding
  • Block Exterior
  • Log Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Fireplace
  • Views of Woods
  • Dryer

Kitchen

  • Recirculated Exhaust Fan
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Basement

  • Heated Basement
  • Walk-Out Basement

Parking

  • Detached Garage
  • 1 Carport Space

Outdoor Features

  • Deck
  • Covered patio or porch

Utilities

  • Central Air
  • Heat Pump System
  • Private Water Source
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 7553-98-0317

Home Details

Home Type

Single Family

Est. Annual Taxes

$907

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.07
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Directions: From Cashiers, take 107 North, then turn left on N. Norton Road. You will come to a fork, stay to the right on North Norton to Toby Bryson. Turn right on Toby Bryson, then turn right on Falls Cove Road. House is on the left.
  • Architectural Style: Log Home
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1988
  • Attribution Contact: 8282792732
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Exhaust Fan, Refrigerator, Washer
  • Has Basement: Heated, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log
  • Fireplace: Yes
  • Flooring: Tile, Wood

Exterior Features

  • Lot Features: Cleared, Rolling Slope, Wooded
  • View: Trees/Woods
  • View: Yes
  • Construction Type: Block, Log, Concrete
  • Exterior Features: Garden
  • Foundation Details: Block
  • Other Structures: Shed(s), Workshop
  • Patio And Porch Features: Covered, Deck
  • Roof: Metal

Garage/Parking

  • Carport Spaces: 1.0
  • Covered Parking Spaces: 1.0
  • Parking Features: Carport, Detached, Paved

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Gas, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 46609.2
  • Parcel #: 7553-98-0317
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 906.73
  • Tax Lot: 2
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2019
Closed on
Jul 15, 2020
Sold by
Owens Dorothy and Owens Harry E
Bought by
Medford Penelope Jo
Seller's Agent
Ted Schmidt
Carolina Select Real Estate, Inc.
Buyer's Agent
Dan Allen
Silver Creek Real Estate Group, Inc.
List Price
$250,000
Sold Price
$231,000
Premium/Discount to List
-$19,000
-7.6%
Total Days on Market
253
Current Estimated Value
$427,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,300
Avg. Annual Appreciation
13.32%
Original Mortgage
$233,333
Outstanding Balance
$209,196
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$218,104
Source: Public Records

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Range of Values:

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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
Medford Penelope Jo $231,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medford Penelope Jo $233,333
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2020 07/15/20 Sold $231,000 -7.6% --
06/01/2020 06/01/20 Pending -- -- --
09/21/2019 09/21/19 For Sale $250,000 -- --
Source: Highlands-Cashiers Board 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
2024 $878 $230,980 $44,320 $186,660
2023 $1,071 $230,980 $44,320 $186,660
2022 $1,071 $230,980 $44,320 $186,660
2021 $878 $230,980 $44,320 $186,660
2020 $907 $204,000 $60,000 $144,000
2019 $907 $204,000 $60,000 $144,000
2018 $907 $204,000 $60,000 $144,000
2017 $886 $204,000 $60,000 $144,000
2015 $760 $204,000 $60,000 $144,000
2011 -- $224,890 $80,000 $144,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 92097

APN: 7553-98-0317