$265,000
SOLD FEB 22, 2023

LT 262 Tote Rd Unit 262 Sylva, NC 28779

2.04 Acres
$129,902 Price per Acre
88,862 Sq Ft Lot

Recently Sold

4% Below List Price

78 Days on Market

Highlights

  • Building Helipad
  • Equestrian Center
  • 2.04 Acre Lot
  • Golf Course Community
  • Fitness Center
  • Mountain View

About This Lot

As of February 2023

This homestead offers beautiful panoramic views from the Northwest to the Northeast and is close in proximity to Dark Ridge Camp and a Class 'A' North Carolina trout stream. Balsam Mountain Preserve is a private 4,400 acre club community with 3,200 acres of conservation land and completed amenities featuring golf, equestrian, scenic trails, tennis and dining. The stunning new facilities at Doubletop Village, including the Summit House Restaurant and Mine Tavern, are now open to members and their guests.

Last Agent to Sell the Property

Sean McLaughlin

BMP David Southworth Real Estate LLC Brokerage Email: smclaughlin@balsammountain.com License #257962 Listed on: 10/31/2022

Last Buyer's Agent

Sean McLaughlin

BMP David Southworth Real Estate LLC Brokerage Email: smclaughlin@balsammountain.com License #257962 Listed on: 10/31/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,045

Lot Details

  • 2.04 Acre Lot
  • Property fronts a private road
  • Private Lot
  • Wooded Lot
  • Possible uses of the property include Private Estate, Recreational, Residential

HOA Fees

  • $558 Monthly HOA Fees

Property Views

  • Mountain Views

Schools

  • Scotts Creek Elementary And Middle School
  • Smoky Mountain High School

Horse Facilities and Amenities

  • Equestrian Center
  • Riding Trail

Utilities

  • Underground Utilities
  • Well Required
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 7682-24-2127

Community Details

Overview

  • Balsam Mountain Preserve Community Association, Phone Number (828) 354-0265
  • Balsam Mountain Preserve Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area
  • Building Helipad
  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Trails

Property Details

Property Type

Land

Est. Annual Taxes

$1,045

Lot Details

0

HOA Fees

$558 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Modular Not Allowed
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Special Assessment Description: NA
  • Proposed Special Assessment Desc: NA
  • Road Frontage Type: Private Road
  • ResoPropertyType: Land
  • Attribution Contact: smclaughlin@balsammountain.com
  • Special Features: None

Interior Features

  • Foundation Details: None
  • Possible Use: Private Estate, Recreational, Residential
  • Room Count: 0

Exterior Features

  • View: Long Range, Mountain(s), Winter, Year Round
  • Waterfront Features: None
  • Waterfront Elevation: 3500
  • Other Structures: None

Garage/Parking

  • Open Parking: No

Utilities

  • Sewer: Septic Needed
  • Security: Security Service
  • Utilities: Underground Utilities
  • Water Source: Well Needed

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated, Golf, Helipad, Outdoor Pool, Picnic Area, Recreation Area, Tennis Court(s), Walking Trails
  • Association Fee: 1675
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Balsam Mountain Preserve Community Association
  • Phone: 828-354-0265
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly
  • Association Email: tjones@balsammountainca.org

Association/Amenities

  • Association Annual Expense: 6700.00

Schools

  • Middle Or Junior School: Scotts Creek
  • HOA Subject To: Required

Lot Info

  • Lot Features: Private, Wooded, Views
  • Lot Size Area: 2.04
  • Lot Size Units: Acres
  • Parcel Number: 7682-24-2127
  • Zoning: RES
  • Plat Book Slide: 18/825
  • Can Be Subdivided: 0
  • Plat Reference Section Pages: 18/825
  • Horse Amenities: Equestrian Facilities, Riding Trail
  • Lot Size Acres: 2.04
  • Lot Size Sq Ft: 88862
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RES

Green Features

  • Green Verification Count: 1

MLS Schools

  • Elementary School: Scotts Creek
  • High School: Smoky Mountain

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2022
Closed on
Feb 18, 2023
Sold by
Velez Edwin and Velez Giselle
Bought by
Deselm Richard L and Deselm Tracy M
Seller's Agent
Sean McLaughlin
BMP David Southworth Real Estate LLC
Buyer's Agent
Sean McLaughlin
BMP David Southworth Real Estate LLC
List Price
$275,000
Sold Price
$265,000
Premium/Discount to List
-$10,000
-3.64%
Views
55

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.69%

Purchase Details

Closed on
Sep 27, 2022
Sold by
Bmp Real Estate Holdings Llc
Bought by
Bmp David Southworth Real Estate Holdings Llc

Purchase Details

Closed on
Sep 30, 2013
Sold by
Balsam Mountain Group Development Holdin
Bought by
Velez Edwin and Emmanuelli Giselle
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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 Type Sale Price Title Company
Warranty Deed $265,000 --
Warranty Deed $8,766,500 --
Warranty Deed $180,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 For Sale $625,000 +135.8% --
02/22/2023 02/22/23 Sold $265,000 -3.6% --
10/31/2022 10/31/22 For Sale $275,000 -- --
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
2025 $1,045 $275,000 $275,000 $0
2024 $760 $200,000 $200,000 $0
2023 $760 $200,000 $200,000 $0
2022 $760 $200,000 $200,000 $0
2021 $720 $200,000 $200,000 $0
2020 $760 $200,000 $200,000 $0
2019 $760 $200,000 $200,000 $0
2018 $760 $200,000 $200,000 $0
2017 $740 $200,000 $200,000 $0
2015 $1,400 $200,000 $200,000 $0
2011 -- $500,000 $500,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3919210

Canopy MLS (Canopy Realtor® Association)

APN: 7682-24-2127