NOT LISTED FOR SALE

98 Hemlock Gap Ln Franklin, NC 28734

Estimated Value: $584,000 - $892,000

2 Beds
3 Baths
-- Sq Ft
5.13 Acres

Last Sold August 11, 2017

Last sale price $310,000

Est. 129% increase in value since last sale

Current estimated payment $3,865/month

321 Days on Market

Highlights

  • Barn
  • Garage Apartment
  • 5.13 Acre Lot
  • RV Access or Parking
  • Custom Home
  • Open Floorplan

About This Home

As of August 2017

This is what Mountain Living is all about. Gorgeous home & property in high elevation above 3600 feet. For the lucky few, Rainbow Mountain East is location in the Nantahala National Forest and surrounded by USFS lands. It takes less than a 20 minute scenic drive to the Quaint town of Franklin, NC and less than 2 hours to Atlanta. This is a 2 Bedroom 2 Bath with potential apartment or mother-in-law suite with another full bath above the 2 car garage/workshop with one bay a pass through. Open floor plan with the kitchen, dinning and living room. Wall of windows over looks the large front deck and landscaping. You can hear Black creek run through the property and a easy walk to it. Rock faced wood burning fireplace, back up gas heaters, and central heat & air. Both bedrooms have their own bath, good size rooms and closets. Plenty of parking, room for an RV, guests parking and flat ground to walk around throughout. Multiple fruit trees, berry bushes, grapes and abundant blooming flowers and native landscaping. Gated community adds to the privacy and you do not see another home and everyone has at least 5 acres or more. Never been on the market so don't miss out on your opportunity.

Last Agent to Sell the Property

June Tassillo

RE/MAX Elite Realty Brokerage Phone: 8283494600 License #261013 Listed on: 08/23/2016

RE/MAX Elite Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,006

Year Built

  • Built in 2008

Lot Details

  • 5.13 Acre Lot
  • Home fronts a stream
  • Private Lot
  • Level Lot
  • Open Lot
  • Partially Wooded Lot

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Garage Apartment
  • Garage Door Opener
  • RV Access or Parking

Home Design

  • Custom Home
  • Ranch Style House
  • Rustic Architecture
  • Shingle Roof
  • Composition Roof
  • Hardboard

Interior Spaces

  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Multiple Fireplaces
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Insulated Windows
  • Insulated Doors
  • Great Room
  • Living Area on First Floor
  • Vinyl Flooring
  • Crawl Space
  • Home Security System
  • Washer

Kitchen

  • New Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Electric Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • 3 Full Bathrooms

Outdoor Features

  • Deck
  • Outdoor Storage
  • Outbuilding
  • Porch

Schools

  • Macon Middle School
  • Franklin High School

Utilities

  • Central Air
  • Space Heater
  • Heating System Uses Propane
  • Heating System Uses Wood
  • Heat Pump System
  • Heating System Powered By Owned Propane
  • Well
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Handicap Accessible
  • Barn

Community Details

  • Rainbow Mountain East Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6531158848

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,006

Year Built

Built in 2008

Lot Details

0

HOA Fees

$25 per month

Parking

2

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Lot Size Acres: 5.13
  • Road Frontage Type: Property Owners' Assoc, Community
  • Road Surface Type: Gravel
  • Ownership: More than One Year
  • Subdivision Name: Rainbow Mountain East
  • Directions: Take 64W (Murphy Road) approx. 12 miles turn L on Black Creek Drive then right onto Hemlock Gap.
  • Architectural Style: Ranch/Single, Custom
  • Carport Y N: No
  • Garage Yn: Yes
  • Year Built: 2008
  • NAV27_rets_property_type: Residential
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Appliances: Electric Water Heater, Dishwasher, Exhaust Fan, Microwave, Electric Oven/Range, Refrigerator, Washer
  • Accessibility Features: Interior Handicapped Accessible
  • Has Basement: Crawl Space
  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Door Features: Doors-Insulated
  • Fireplace Features: Wood Burning, Gas Log, Two or More
  • Fireplace: Yes
  • Flooring: Vinyl
  • Interior Amenities: Cathedral/Vaulted Ceiling, Open Floorplan, Walk-In Closet(s), Great Room, In-law Quarters, Breakfast Bar, Kitchen/FR Combo, Living/Dining Room, Kitchen/Dining Room, New Kitchen, Kitchen Island, Pantry, Primary on Main Level, Main Level Living, Ceiling Fan(s), In-Law Floorplan
  • Window Features: Insulated Windows
  • Room Bedroom2 Level: First
  • Room Bedroom3 Area: 485.14
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom2 Area: 174.23
  • Room Living Room Area: 252.81
  • Room Kitchen Area: 229.5
  • Master Bedroom Master Bedroom Width: 13.1
  • Room Master Bedroom Area: 145.41
  • Room Dining Room Area: 57

Exterior Features

  • Lot Features: Private, Wooded, Adjoins USFS, Elevation over 3000, Level, Rolling, Open Lot, Allow RVs, Level Yard
  • View: No
  • Waterfront Features: Stream/Creek
  • Home Warranty: No
  • Construction Type: Hardboard
  • Exterior Features: Rustic Appearance, Other
  • Other Structures: Apartment Studio, Storage Building/Shed, Outbuilding/Workshop, Barn(s)
  • Patio And Porch Features: Porch, Deck
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Garage-Double Detached, Garage Door Opener, Garage Apartment

Utilities

  • Security: Security System
  • Cooling: Central Electric, Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Wood, Propane, Heat Pump, Space Heater/Stove
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well
  • Gas Company: Propane Tank: Owned

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 300
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • High School: Franklin
  • Middle Or Junior School: Macon Middle

Lot Info

  • Lot Size Sq Ft: 223462.8
  • Parcel #: 6531158848
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1006.41
  • Tax Book Number: N-22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2016
Closed on
Aug 11, 2017
Sold by
Crews David and Crews Nona
Bought by
Harrison Robert Blair and Harrison Susan Dawn
Seller's Agent
June Tassillo
RE/MAX Elite Realty
List Price
$310,000
Sold Price
$310,000
Current Estimated Value
$708,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,932
Avg. Annual Appreciation
10.31%

Purchase Details

Closed on
Apr 9, 1998
Sold by
Nantahala Property Group Llc
Bought by
Crews David
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Harrison Robert Blair $310,000 None Available
Crews David $25,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2017 08/11/17 Sold $310,000 0.0% --
07/12/2017 07/12/17 Pending -- -- --
08/24/2016 08/24/16 For Sale $310,000 -- --
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 -- $462,030 $81,950 $380,080
2024 $1,592 $462,030 $81,950 $380,080
2023 $1,454 $461,930 $81,950 $379,980
2022 $1,454 $284,980 $47,970 $237,010
2021 $1,454 $284,980 $47,970 $237,010
2020 $1,382 $284,980 $47,970 $237,010
2018 $1,006 $218,510 $49,710 $168,800
2017 $0 $218,510 $49,710 $168,800
2016 $1,006 $218,510 $49,710 $168,800
2015 $983 $218,510 $49,710 $168,800
2014 $829 $226,070 $65,850 $160,220
2013 -- $226,070 $65,850 $160,220
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26003023

APN: 6531158848