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Sold on 10/19/2017

10 Reading Ln, Cullowhee, NC 28723

$525,000

Last sold 10/19/2017 after 98 Days

  • 16

    bed

  • 13

    bath

  • 6,320

    Sqft ($83/Sqft)

Multi-family not for sale
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About 10 Reading Ln

Property type Multi-family
Year built 1978
HOA fee $0/month
Lot size 3 Acre
Parking 4 garage spaces
Property description
Multi family cottage and duplex units. 10 each 1 bed 1 bath cottages of 416 sq ft; one duplex (up/down) with 2 bed 1 bath each level (720 sq ft each level) and another building with 2 bed 1 bath up and community coin operated laundry and storage on bottom. 2.5 mile 4-5 minute drive to campus at WCU and all units are currently leased. Potential gross income of over $88,000.00 based upon current lease rates. Eight of the cottages have new roofs with two more in process of new roofing.
Listed by
Listing Agent - Andrew Baucom
Listing Agent Contact: Todd@wcproperties.com
Listing Office - Western Carolina Properties, Inc.
Source: Canopy MLS mls logo
MLS#3300903 • last updated 2 years ago
Movoto checked Canopy MLS for data 18 minutes ago
Overview
Heating Baseboard, Electric
Levels/Style Cottage
SubType Other
MLS # 3300903
Status Closed
SqFt 6320
Lot Size (Acres) 3
Lot Size (SqFt) 130680
Interior
# Full Baths 13
Total # of Bedrooms 16
Flooring Carpet, Vinyl
Exterior
Foundation Crawl Space, Slab
Roof Composition
Construction Site Built, Wood
Parking Garage
# Garage Spaces 4
Exterior Other - See Remarks
Lot Desc Creek Front, Level, Creek/Stream, Waterfront
Amenities / Utilities
Sewer/ Septic Septic Installed
Water Source Well
Location
County Jackson
Subdivision None
Middle School Cullowhee Valley
Elementary School Cullowhee Valley
High School Smokey Mountain
APN 7557292744
Directions From Sylva Take Hwy 107 Through Cullowhee To Stoplight At Cullowhee Valley School. Turn Rt At Light Onto Cullowhee Mountain Road Passing County Rec Center Continue To Forks With Tilley Creek Road And Stay Left On Cullowhee Mtn Road. Approximately 1 Mile To On Right.
Multifamily Details
Tenant Pays None
Owner Pays Electricity, Management, Sewer, Trash Collection, Water
Total # of Units 13
Lot/ Land Details
Road Surface Type Gravel
We are not permitted to show value estimates for this property.
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  • Dec 2023
    MLS # 3300903
  • Dec 13, 2023 Sold
    $525,000
  • Jul 13, 2017 Listed
    $545,000
  • Oct 2017
    Public Records
  • Oct 19, 2017 Sold
    $525,000 (-3.7%)
  • Year Property taxes Tax assessment
  • 2025
    $5,395 +75.4%
    $1,419,724 +75.43%
  • 2024
    $3,075
    $809,260
  • 2023
    $3,075 -23.8%
    $809,260
  • 2022
    $4,035 +31.2%
    $809,260
  • 2021
    $3,075 +4.3%
    $809,260 +40.26%
  • 2020
    $2,949
    $576,980
  • 2019
    $2,949 +0.4%
    $576,980
  • 2018
    $2,937 +1.3%
    $576,980 -0.36%
  • 2017
    $2,899
    $579,080
  • 2016
    $2,899 +7.5%
    $579,080
  • 2015
    $2,695
    —
  • 10 Reading Ln
    $525K
  • —
  • 28723
    $454K -20% y/y
  • Cullowhee
    $454K -20% y/y
No chart available
Statistics calculated by Movoto

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4/10
Cullowhee Valley School
public Grades PK, K-8
Jackson County School District
4/10
Smoky Mountain High
public Grades 9-12
Jackson County School District
Source: GreatSchools.org © 2026. All rights reserved.

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