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Macon
488 Otto Heights Road
$220,000
● House - Off Market

488 Otto Heights Road

Otto, NC 28734
bedrooms
3 Beds
bathrooms
3 Baths
$1,545
Est. Monthly

About This Property

Charming chalet style cabin on 1.23 wooded acres with view!  So much to offer...3 bdrms, 3 baths, private road, private well, wood stove in basement, beautiful wood burning fireplace in family room, double garage in basement, storage building.  Plus...fully furnished!  Being sold "as is".  Upstairs balcony is unsafe.
Unit Size
-
Days on Market
59 days
Land Size
1.23 acres
Price per sqft
-
Property Type
House
Property Taxes
$72
HOA Dues
-
Year Built
1978

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 10 months ago (GAMLS #10641139)

Price History

Date / Event Date Event Price
Jan 8, 2026 Sold
Premium
Sold
Dec 9, 2025 In contract -
In contract
Nov 4, 2025 Listed by Bear Creek Realty $300,000
Listed by Bear Creek Realty
Mar 6, 2006 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1991
  • Building Count: 2
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 840
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 53,579
  • Total Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OTTO HEIGHTS
  • Land Acres: 0000001230
  • Standard Land Use Code: 1001
  • County Land Use Code: D
  • Legal Description 1: OFF RD 1636

Neighborhood

  • School District Name: Macon County Schools
  • School Tax School District: F03 OTTO
  • Census Tract: 970302

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: MAP 6590
  • Account Number: 104197
  • District: 7
  • Parcel: 6590161630
  • Municipality: SMITHBRIDGE
  • Latitude: 35.0628
  • Longitude: -83.3755

    Address

  • Full Address: 488 Otto Heights Rd
  • Address - House Number: 488
  • Address - Street Name: Otto Heights
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Franklin
  • Zip Code: 28734

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $84,607

    Appraisal Valuation

  • Standard Deviation: 0.1437
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 71
  • Final Value: 255,022
  • High Value: 291,681
  • Low Value: 218,362

    Market Valuation

  • Market Total Value: $217,720
  • Market Land Value: $59,660
  • Market Improvement Value: $158,060

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $217,720
  • Assessed Land Value: $59,660
  • Assessed Improvements Value: $158,060

    Sales

  • Current Sale Contract Date: Feb 21, 2006
  • Current Sale Recording Date: Mar 06, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20060489
  • Previous Sale Recording Date: Mar 06, 2006
  • Previous Sale Contract Date: Feb 21, 2006
  • Previous Sale Amount: $157,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Macon

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$262

Below Asking

0.04%

Average Days on Market

98

Average Home Size

1860 ft²

Average Home Age

25 years

Currently For Sale

55 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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GAMLS

Listed by: Pamela Hyer, Bear Creek Realty
Last Updated: 10 months ago
Data Source: GAMLS, MLS# 10641139
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 488 Otto Heights Road built and last sold?
The property at 488 Otto Heights Road was built in 1978 and last sold on Feb 21, 2006 for $157,000.
How much is this home worth?
The estimated value of the home located at 488 Otto Heights Road is $0.
What are some comparable homes to 488 Otto Heights Road?
There are currently no comparable homes to 488 Otto Heights Road.
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