Price Reduction - Views
197 Penny Lane, Mars Hill, NC
$ 777,000
Property Attributes
  • ID#3891225
  • TypeSingle Family
  • CountyMADISON
  • CityMars Hill
  • AreaMadison County
  • NeighborhoodWolf Ridge
  • Zip28754
  • StyleCabin
  • Price$ 777,000
  • Bedrooms4
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage3185
  • Lot Size0.96 Acres
Data Source:
Canopy MLS
Property Description

This lovely mountain home near beautiful Wolf Laurel makes a perfect second home, or continue as a successful short-term rental! Nearly $70K grossed in rental income for 2021! Conveniently located within a few minutes of the Wolf Ridge Ski Resort, Appalachian Trail & 45 minutes from all that Asheville has to offer. This classic log home perched high above at 4000-4500 ft is true mountain living.The natural, beautifully-landscaped property has 180-degree long-range mountain views from the two-story great room and from the expansive, wrap-around porch. The Aspen-style decking and furniture compliment the dramatic feel of living in rolling Blue Ridge Mountains. Relax & soak up your surroundings from the hot tub w/ spectacular sunsets. Breathtaking! Enjoy the warmth of a fire in the deck living area. The kitchen features beautiful granite countertops, gas stove, wine cooler and Aspen bar stools. The knotty pine throughout feels rustic and earthy. Come see this lovely home for yourself!

Elementary School Middle School High School
Mars Hill Elementary School Madison Middle School Madison High School
Price History
8/9/2022 Listed $799,000
9/19/2022 3% - $777,000

General Features

Appliances Ceiling Fan(s), CO Detector, Gas Cooktop, Dishwasher, Disposal, Down Draft, Dryer, Electric Oven, Plumbed For Ice Maker, Microwave, Propane Cooktop, Refrigerator, Self Cleaning Oven, Washer, Wine Refrigerator
Architectural Style Cabin
Car Hoasubjectto Required
City Mars Hill
Community Features Ski Slopes, Walking Trails
Construction Materials Log, Stone, Stone Veneer
Construction Type Site Built
County Madison
Days on Market 29
Directions • Left on Laurel Valley Rd. (follow signs to Wolf Laurel) for approx. 0.2 miles. • Left on Puncheon Fork Rd. (at Bright Hope Laurel United Methodist Church) for approx. 3.6 miles. • Right on Wolf Ridg
Elementary School Mars Hill
Elevation 4000
Exterior Features Hot Tub, Outdoor Fireplace
HLA Area 3185
HOA Fee 50
HOA Fee Frequency Monthly
Heating Floor Furnace, Propane, Wall Unit(s)
High School Madison
Interior Features Breakfast Bar, Hot Tub, Kitchen Island, Open Floorplan, Split Bedroom, Walk-In Closet(s), Whirlpool, Window Treatments
Middle/Junior High School Madison
New Construction No
Property SubType Single Family Residence
Property Type Residential
Roof Shingle
Sewer Septic Installed
Standard Status Active
Street Name Penny
Structure Type One and a Half Story/Basement
Subdivision Name Wolf Ridge
TaxAssessedValue 434986
Virtual Tour
Year Built 2007
Zoning Description RES

Interior Features

Below Grade Finished Area 1102
Fireplace Features Vented, Great Room, Porch, Wood Burning
Flooring Wood
Full Baths 5
Laundry Features Main Level, In Garage
SqFt Main 1676
SqFt Upper 407
Street Suffix Lane
Total Baths 5
Total Bedrooms 4
Water Heater Gas

Exterior Features

Living Area 3185
Building Area Total 3185
Foundation Details Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance
Lot Features Long Range View, Mountain View, Wooded, Views, Winter View, Wooded, Year Round View
Lot Size Area 0.96
Lot Size Units Acres
Main Level Garage YN No
Parking Features Attached Garage, Carport - 1 Car, Garage - 2 Car
Porch Back, Balcony, Covered, Deck, Porch-Wrap Around
Road Responsibility Private Maintained Road
Road Surface Type Asphalt
Water Source Well


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 28754

AVG $650K
AVG 60
Year Built
AVG 1989