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McDowell 28761
242 Falling Creek Drive
$586,000
● House - For Sale

242 Falling Creek Drive

Nebo, NC 28761
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,103 Ft²
$2,920
Est. Monthly
$42
HOA / Fees

About This Property

Cozy Mountain Cabin with Creek Frontage, Mountain Views & Extensive Updates in Katy Creek Community!
Don't miss this opportunity to own a cozy mountain cabin in the desirable Katy Creek Community! This has been a family cabin and has never been on a rental program, so it has been well cared for.  Situated on 3.77 acres in southern McDowell County, this property offers beautiful mountain views, frontage along Muddy Creek, privacy, and the peaceful mountain lifestyle you've been looking for.
Start your mornings on the spacious wraparound deck with a cup of coffee while taking in the mountain views and tranquil surroundings. The outdoor living spaces are perfect for relaxing, entertaining, or gathering around the fire pit. Enjoy the added charm of the pergola and lower deck, creating even more space to soak in the beauty of the outdoors.
Inside, the home features 3 bedrooms and 3 bathrooms, along with additional finished basement living space currently used as a guest suite. The basement features custom cabinetry, additional flooring, and a finished staircase, making it ideal for extended family, overnight guests, or your own private retreat. An added exterior door provides convenient access to the lower deck.
This property has seen numerous updates and improvements, including a new roof in 2025, two new mini-splits, a concrete driveway to the basement, updated landscaping with evergreens and perennials, and a new dishwasher in 2024. Additional improvements include a large rear deck with pergola and lower level deck for the basement level, a buried 500-gallon propane tank and a gas option added to the existing electric stove hookup.

Even better, select furnishings are included in the sale, making your transition to mountain living that much easier! Included items feature outdoor deck furniture purchased in 2024, fire pits, kitchen table and chairs, downstairs bedroom furniture, a sleeper sofa, TVs, and basement shelving. Other furnishings and household items may be negotiable.

When you're ready to explore, there's plenty to enjoy throughout Western North Carolina. Experience breathtaking fall colors, local festivals, hiking and biking trails, unique shops, great dining, and endless outdoor recreation. With Lake James nearby and Asheville and Hickory within easy reach, you'll have plenty of opportunities for day trips and new adventures.
Come enjoy mountain views, creek frontage, privacy, and plenty of room to spread out on 3.77 beautiful acres. Whether you're looking for a full-time residence, a relaxing weekend getaway, or a place to gather and entertain family and friends, this inviting mountain retreat offers the perfect opportunity to enjoy all that Western North Carolina has to offer.
Come see all this mountain getaway has to offer and imagine making it your own!
Unit Size
2,103 Ft²
Days on Market
-
Land Size
3.77 acres
Price per sqft
$279
Property Type
House
Property Taxes
-
HOA Dues
$42
Year Built
2004

Listed By

Brandon Braswell
Rhonda Silver Real Estate Group LLC

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Last updated: 3 days ago (CANOPYMLS #CAR4429484)

Price History

Date / Event Date Event Price
Oct 7, 2026 Listed by Realty Group 1 LLC $586,000
Listed by Realty Group 1 LLC
Sep 29, 2023 Sold
Sold
Jun 26, 2020 Sold
Sold
Sep 1, 2002 Sold
Sold

Property Highlights

Air Conditioning
Parking Details
Parking Features: Driveway
Interior Details
Full Bathrooms: 3
Appliances: Dishwasher, Electric Range, Refrigerator
Laundry Features: In Bathroom
Basement: Partially Finished
Exterior Details
Square Footage: 2103
Year Built: 2004
Waterfront Features: Other - See Remarks
Levels: One
Construction Materials: Log
Lot Size Area: 3.77
Lot Size Units: Acres
Lot Size Acres: 3.77
Lot Size Square Feet: 164221.2
Water Source: Well
Financial Details
Tax Assessed Value: $293,660
Utilities Details
Cooling Type: Central Air, Ductless
Heating Type: Ductless, Heat Pump
Sewer : Septic Installed
Location Details
HOA Fee: $500
HOA Fee Frequency: Annually

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 9
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 164,657
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,512
  • Building Area: 1,512
  • Building Area Measurement: B

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KATY CREEK
  • Land Acres: 0000003780
  • Standard Land Use Code: 1008
  • County Land Use Code: 50
  • Legal Description 1: LOT 18 KATY CREEK 3.78 AC

Neighborhood

  • School District Name: McDowell County Schools
  • Census Tract: 970904

Geography

  • Account Number: 72551
  • District: 03
  • Parcel: 1648-00-77-0940
  • Lot: 18
  • Municipality: DYSARTSVILLE
  • Latitude: 35.6071
  • Longitude: -81.8706

    Address

  • Full Address: 242 Falling Creek Dr
  • Address - House Number: 242
  • Address - Street Name: Falling Creek
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Nebo
  • Carrier Code: R001
  • 4-Digit Zip Code: 0311
  • Zip Code: 28761

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $193,228

    Appraisal Valuation

  • Standard Deviation: 0.2669
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 61
  • Final Value: 420,251
  • High Value: 532,416
  • Low Value: 308,086

    Market Valuation

  • Market Total Value: $293,660
  • Market Land Value: $75,000
  • Market Improvement Value: $218,660

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $293,660
  • Assessed Land Value: $75,000
  • Assessed Improvements Value: $218,660

    Sales

  • Current Sale Contract Date: Sep 29, 2023
  • Current Sale Recording Date: Sep 29, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4637
  • Previous Sale Recording Date: Jun 26, 2020
  • Previous Sale Contract Date: Jun 26, 2020
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About McDowell


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Frequently Asked Questions

When was property at 242 Falling Creek Drive built and last sold?
The property at 242 Falling Creek Drive was built in 2004 and last sold on Sep 29, 2023 for $436,000.
How much is this home worth?
The estimated value of the home located at 242 Falling Creek Drive is $590,304.
What are some comparable homes to 242 Falling Creek Drive?
There are currently no comparable homes to 242 Falling Creek Drive.