505 Reservoir Rd, Burnsville, NC, 28714

$580,000

Home List Price

$6,888*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
1,817 SqFt
$319/SqFt
House

Location

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505 Reservoir Rd, Burnsville$580,000

Buyer Closing Credits

$6,888*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingBasement, Detached Garage
Year Built1972
HeatingCentral, Forced Air, Natural Gas
CoolingWall Unit(s)
BasementYes
FireplaceElectric, Gas Log, Living Room
ViewOther, Mountain(s)
MLS #4196125
StatusActive

About 505 Reservoir Rd

Perfect Mountain Retreat in Burnsville, NC - untouched by Hurricane Helene! This beautifully maintained and fully furnished home features a spacious open-concept layout and breathtaking mountain views. Enjoy cooking in the brand-new modern kitchen, relax in one of four cozy bedrooms that comfortably sleep 10, and unwind with friends and family on the expansive deck with a screened porch—perfect for both full-time living and short-term rentals. This property has a proven track record as a profitable short-term rental, grossing approximately $77,000 per year. Nestled on 1.28 wooded acres just minutes from downtown Burnsville, with easy access to local shops, dining, and a variety of outdoor activities in the stunning Blue Ridge Mountains. Recent updates, including a new roof, windows, kitchen, and fresh paint, make this turn-key home ready for you to move in or rent out. Don’t miss out—schedule your showing today and experience the charm of mountain living!

Property Details

Property Features

Property Information:

  • Architectural Style: Cabin
  • Year Built: 1972
  • Living Area: 1,817 SqFt

Listing Office:

  • Office Name: Mackey Realty LLC
  • Office Email: ben.woolf@mackeyrealty.com

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer
  • Basement: Yes
  • Flooring Type: Laminate, Tile, Vinyl, Wood
  • Interior: Breakfast Bar, Built-in Features, Split Bedroom, Storage, Walk-In Closet(s)
  • Fireplace: Electric, Gas Log, Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Other, Mountain(s)
  • Exterior: Fire Pit

Parking Information:

  • Attached Garage: No
  • Parking: Basement, Detached Garage

Utilities

Utilities Information:

  • Heating: Central, Forced Air, Natural Gas
  • Cooling: Wall Unit(s)

Other

Directions Information:

  • Directions: From Asheville: I-26 W towards Weaverville / Mars Hill, take exit 9 onto US-19E for 16.5 miles to right onto Reservoir Road at the CVS at the Burnsville Town Center. Keep left to stay on Reservoir Road, and then stay to the right to go up to 505 Reservoir Road on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $580,000
  • Price Per SqFt: $319/SqFt

Tax Information:

  • Annual Amount: $1,282
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Burnsville, NC.

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Burnsville, NC

City

Med. Sold Price

$299K

Med. Price/SqFt

$334

Avg. Days On Market

142

# of Sold Homes

3

505 Reservoir Rd vs Burnsville

47 DAYS ON ROCKET

-95 Days

$580,000

+$281K More

$319/SqFt

-$15 Less

KEY TAKEAWAY

This property is $281K more than the Median Sold Price and $15/SqFt less than other homes in Burnsville, NC.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #4196125

Listing Office:

  • Office Name: Mackey Realty LLC
  • Office Email: ben.woolf@mackeyrealty.com

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Copyright © 2024 MLS GRID.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 11:21:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 10, 2021Home Sold
$255,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,282$213,610
2020$1,263$210,520
2019$1,263$210,520
2018$1,263$210,520
2017$1,263$210,520

History based on county public records data.

Payment Calculator

$2,962

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,805

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4513902
6
/10

  • Burnsville Elementary School

  • 395 Burnsville School Rd

  • 2.20 miles

  • Public District Grades PK-5

school-card-donut-4513903
4
/10

  • Blue Ridge Elementary School

  • 910 Cane River School Rd

  • 4.15 miles

  • Public District Grades PK-5

school-card-donut-4513904
5
/10

  • Micaville Elementary School

  • 112 State Highway 80 S

  • 4.63 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,990. Most Burnsville, NC residents have annual incomes between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 Reservoir Rd

What is the listing price of this property?

The listing price of 505 Reservoir Rd property is $580,000.

What type of property is this?

The property 505 Reservoir Rd is a house located in Burnsville, North Carolina, 28714.

Is this property for sale now?

Active Listing: 505 Reservoir Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,282 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 10, 2021 for $255,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 505 Reservoir Rd has 4 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 505 Reservoir Rd is 1,817 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 Reservoir Rd is 1972.

Rocket Homes›North Carolina›Yancey County›Burnsville›28714›505 Reservoir Rd

This home is located at 505 Reservoir Rd in Burnsville, NC and zip code 28714. This 1,817 square foot home was built in 1972. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $580,000.

Over 0 listings were sold over their listed price in November 2024 in Burnsville, NC. In the same period over 3 listings were sold below the listed price and 0 listings were sold for the listed price. The number of listings in Burnsville, NC increased by 7.6% between October 2024 and November 2024. Listings spent 142 days on the market in November 2024, and had a median list price of $299,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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