NOT LISTED FOR SALE

Lot 124 Red Sky Ridge Unit 124 Mars Hill, NC 28754

Estimated Value: $504,000 - $626,000

-- Bed
-- Bath
1,876 Sq Ft
$298/Sq Ft Est. Value

Last Sold January 28, 2021

Last sale price $18,125 $10 Per Sq Ft

Est. 2,983% increase in value since last sale

Current estimated payment $3,235/month

About This Home

As of January 2021

Great valley and mountain views with trimming. Nice homesite area when cleared and drive ramped off Red Sky Ridge. South facing. Priced below tax value. Photos reflect what the property can look like with mowing and improvements which have been taken into account on pricing. Common areas include paved roads, underground utilities, security gate, waterfall entrance, clubhouse, and tennis court. Convenient to Asheville, Mars Hill College, Marshall, Hot Springs, Appalachian Trail, & National Forest. Tri-Cities area Johnson City, Bristol, Kingsport by way of I-26 @ 45 minutes.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2019
Closed on
Jan 6, 2021
Sold by
Mandel Julia and Mandel Peter
Bought by
Jennings Casey
Seller's Agent
Sammie Powell
Smokies Property
Buyer's Agent
Rick Sharpe
WEICHERT, Realtors - Unlimited
List Price
$24,900
Sold Price
$18,125
Premium/Discount to List
-$6,775
-27.21%
Current Estimated Value
$558,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$540,742
Avg. Annual Appreciation
107.73%
Original Mortgage
$246,850
Outstanding Balance
$221,104
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$337,763

Purchase Details

Closed on
Sep 8, 2006
Sold by
Gabriel Creek Development Inc
Bought by
Mandel Julia
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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Average Value
Not Available
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
Jennings Casey $18,500 None Available
Mandel Julia $62,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jennings Casey $246,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/28/2021 01/28/21 Sold $18,125 -9.4% -- View Prior Sale
10/22/2020 10/22/20 Pending -- -- --
12/23/2019 12/23/19 Price Changed $19,999 -19.7% --
07/15/2019 07/15/19 For Sale $24,900 -- --

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 $2,423 $498,493 $66,899 $431,594
2023 $1,413 $239,540 $38,171 $201,369
2022 $1,299 $38,171 $38,171 $0
2021 $225 $38,171 $38,171 $0
2020 $225 $38,171 $38,171 $0
2019 $240 $37,515 $37,515 $0
2018 $229 $0 $0 $0
2017 $229 $0 $0 $0
2016 $229 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $37,515 $37,515 $0
2013 -- $37,515 $37,515 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sammie Powell

    Smokies Property

    Section Image
  • Rick Sharpe

    Buyer's Agent in 2021

    Rick Sharpe

    WEICHERT, Realtors - Unlimited

    (828) 768-3592

    8 in this area

    19 Total Sales

    Rick Sharpe
    Section Image
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Map

North Carolina Madison County Mars Hill 28754

Lot 124 Red Sky Ridge Unit 124, Mars Hill, NC

This home is located at Lot 124 Red Sky Ridge Unit 124, Mars Hill, NC 28754 and is currently estimated at $558,867, approximately $297 per square foot. Lot 124 Red Sky Ridge Unit 124 is a home located in Madison County with nearby schools including Madison Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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