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197 Penny Lane

197 Penny Lane, Mars Hill, NC 28754
Property in Madison
Sold Apr 20, 2023
$670,000
Sold Mar 02, 2020
$390,000
$312,000 by Beverly-hanks Mortgage Service
Mortgage Due Mar 01, 2035
197 Penny Lane in Mars Hill, NC was first built in 2007 and is 17 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 197 Penny Lane has 3,428 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 1,714 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 41,818 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable style roof made of composition shingle. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of A+. The condition of the building has been evaluated as excellent. The exterior walls of the home are made of log. While the interior walls are made of logs. Walk inside and you'll find flooring throughout the home. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Apr 17, 2023 for $670,000. That's $195.45 per sqft. Prior to that sales transaction, the property was also sold in Feb 19, 2020 for $390,000. 197 Penny Lane was last assessed in 2023. The total value of the property was assessed at $434,986. Specifically, the land the property is located on was valued at $38,928. While improvements on the property were assessed at a total of $396,058. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $2,746. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Log Siding
Stone Veneer Exterior

Parking

Carport
Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Excellent
  • Building Quality: A+
  • Construction Type: Wood
  • Exterior Walls Type: Log
  • Interior Walls Type: Logs
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,714
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 41,818
  • Total Building Area: 3,428
  • Building Area: 3,428
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 3,428
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WOLF S RIDGE
  • Land Acres: 0.96
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WOLFS RIDGE LO:14 PL:5-289

Ownership

  • Current Owner : MCGLASHEN RUTH ANN
  • Current Owner 2: CAMPBELL STACEY YUVONNE
  • Previous Owner : MILO BURDETTE STEPHEN
  • Previous Owner 2: TOWNSEND PAGE
  • Owner Before Previous Owner: STEIGER MARGARET
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Madison County Schools
  • School Tax School District: EBBS CHAPEL
  • Census Tract: 010100

Zoning

  • Zoning: R-2

Geography

  • Parcel: 9851-96-3161
  • Block: 96
  • Lot: 14
  • Municipality: BALD MOUNTAIN TWP
  • Latitude: 35.9417
  • Longitude: -82.516

    Address

  • Full Address: 197 Penny Ln
  • Address - House Number: 197
  • Address - Street Name: Penny
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Mars Hill
  • Carrier Code: R003
  • 4-Digit Zip Code: 9307
  • Zip Code: 28754

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,746

    Appraisal Valuation

  • Standard Deviation: 0.1136
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 88
  • Final Value: 784,922
  • High Value: 874,127
  • Low Value: 695,717

    Market Valuation

  • Market Total Value: $434,986
  • Market Land Value: $38,928
  • Market Improvement Value: $396,058

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $434,986
  • Assessed Land Value: $38,928
  • Assessed Improvements Value: $396,058

    Sales

  • Current Sale Contract Date: Apr 17, 2023
  • Current Sale Recording Date: Apr 20, 2023
  • Current Sale Transaction ID: 11905593263
  • Current Sale Price: $670,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 350501
  • Previous Sale Recording Date: Mar 02, 2020
  • Previous Sale Contract Date: Feb 19, 2020
  • Previous Sale Amount: $390,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: BEVERLY-HANKS MORTGAGE SERVICE
  • Previous Mortgage Transaction Date: Mar 02, 2020
  • Previous Mortgage Loan Amount: $312,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Mar 01, 2035

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 197 Penny Lane located in?
The 197 Penny Lane is a located in the neighborhood of Madison in Madison, Mars Hill.
What is the average sales price for listings in 197 Penny Lane?
The average sales price for units in 197 Penny Lane is $0 currently.

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