$338,000
↓ $11K (3.2%)
●
House -
For Sale
560 Bailey Mountain Road
Mars Hill, NC 28754
3 Beds
1 Bath
1,248 Ft²
$1,660
Est. Monthly
About This Property
On the market for the first time, this cozy 3-bedroom, 1-bath ranch
is tucked away on 2 acres in beautiful Madison County - perfect for
peaceful country living just minutes from downtown Mars Hill. The
home features stone and vinyl siding, carpet and vinyl floors, a
wood stove for extra charm, and a high-efficiency Monitor heater to
keep it warm.
Step outside and take in the wide-open mountain views - rolling hills, green pastures, and open skies right from your yard. You'll also love being close to Bailey Mountain Preserve, with hiking trails and nature all around.
The property includes two wells, a 100-amp electrical hookup, and a detached garage with new windows added in 2025. 560 Bailey Mountain Road is a well-loved place ready for you to make it your own in this beautiful mountain setting.
Step outside and take in the wide-open mountain views - rolling hills, green pastures, and open skies right from your yard. You'll also love being close to Bailey Mountain Preserve, with hiking trails and nature all around.
The property includes two wells, a 100-amp electrical hookup, and a detached garage with new windows added in 2025. 560 Bailey Mountain Road is a well-loved place ready for you to make it your own in this beautiful mountain setting.
Unit Size
1,248 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$271
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1972
Listed By
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100% Occupancy
N/A (extreme outlier) 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: 3 days ago (CANOPYMLS #CAR4279232)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 3, 2026 | Price Decreased |
$338,000
↓ $11K
(3.2%) | |
| Price Decreased | |||
| Aug 21, 2026 | Price Decreased |
$349,000
↓ $16K
(4.4%) | |
| Price Decreased | |||
| May 26, 2026 | Relisted | $365,000 | |
| Relisted | |||
| May 18, 2026 | In contract | - | |
| In contract | |||
| May 13, 2026 | Price Decreased |
$365,000
↓ $10K
(2.7%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Parking Details
Has Garage
Parking Features: Driveway, Detached, Garage
Garage Spaces: 1
Interior Details
Full Bathrooms: 1
Appliances: Electric Range, Electric Water Heater, Refrigerator, Washer/Dryer, Other
Flooring Type: Carpet, Vinyl
Laundry Features: In Bathroom
Exterior Details
Square Footage: 1248
Architectural Style: Cottage
Year Built: 1972
Levels: One
Other Structures: Workshop, Tractor Shed
Construction Materials: Stone, Vinyl Siding
Patio and Porch Features: Covered, Enclosed, Front Porch, Porch, Side Porch
Lot Features: Cleared, Pasture, Views, Hilly
Lot Size Area: 2
Lot Size Units: Acres
Lot Size Acres: 2
Lot Size Square Feet: 87120
Water Source: Well, See Remarks
Financial Details
Tax Assessed Value: $175,931
Utilities Details
Cooling Type: Ceiling Fan(s)
Heating Type: Ductless, Kerosene, See Remarks
Sewer : Septic Installed
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Baths
ft²
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About Madison
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Listed by: Caleb Pohlman, WEICHERT, Realtors - Unlimited
Last Updated: 3 days ago
Data Source: CANOPYMLS, MLS# CAR4279232
Last Updated: 3 days ago
Data Source: CANOPYMLS, MLS# CAR4279232
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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