Private lot with mountain views in the gated Melrose Mountain Subdivision. Lot 308 has year-round panoramic long-distance views and is covered in native mountain laurel, rhododendron and hardwoods. The lot is steep but buildable, for examples of homes on a similar slope, continue past lot 308 to 520 Summit & 600 Summit on the same side of the road. The Melrose Mountain community offers a separate fishing lake and swimming/paddling lake, complete with a picnic/beach area, stationary dock and storage for canoes, paddleboards & kayaks. There is also a clubhouse with a tennis/pickleball court and plenty of private gravel roads, which are maintained by the homeowner's association and are perfect for long walks. Water is supplied by a community well and is included in the HOA fee. Since this is a gated community and requires a code to enter, it is best to contact an agent to tour the property.
Property Details
Property Features
Listing Office:
Office Name: New View Realty
Exterior Features
Exterior Information:
Waterfront: Beach, Boat Slip
View: Other, Mountain(s)
Other
Directions Information:
Directions: From downtown Tryon turn on Pacolet Street. Turn right on Melrose Avenue, go one block and turn right on Laurel Avenue. Follow Laurel Ave to left on Hogback Mountain Road. Continue on Hogback Mountain Rd approximately 3.5 miles past the first Melrose Mountain gate to the 2nd gate. Turn right on Mountain Lakes Drive, proceed through the gate and Summit Rd is the first right turn. Lot 308 is .4 mile on the right, see sign. (GPS use 327 Summit Rd which is across from Lot 308).
Price Information
Listing Price Info
Price Summary:
List Price: $20,000
HOA Fees:
Amount: $210
Frequency: Semi-Annually
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Tryon, NC.
This property is $429K less than the Median Sold Price in Tryon, NC.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #4094107
Listing Office:
Office Name: New View Realty
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$202
Per Month
Principal & Interest
$100
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$35
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$126
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Tryon Elementary School
100 School Pl
Distance between this listing and this school2.32 miles
Public District Grades PK-5
6
/10
Saluda Elementary School
214 Main St
Distance between this listing and this school4.13 miles
Public District Grades PK-5
4
/10
O. P. Earle Elementary School
100 Redland Rd
Distance between this listing and this school6.35 miles
Public District Grades PK-5
Nearby Schools
6
/10
Landrum Middle School
104 Redland Rd
Distance between this listing and this school6.52 miles
Public District Grades 6-8
8
/10
Polk County Middle School
321 Wolverine Trl
Distance between this listing and this school8.95 miles
Public District Grades 6-8
5
/10
Flat Rock Middle School
191 Preston Ln
Distance between this listing and this school9.48 miles
Public District Grades 6-8
Nearby Schools
6
/10
Polk County High School
1681 NC 108 Hwy E
Distance between this listing and this school6.93 miles
Public District Grades 9-12
9
/10
Polk County Early College
1545 NC 108 Hwy E
Distance between this listing and this school6.94 miles
Public District Grades 9-12
7
/10
Landrum High School
18818 Asheville Hwy
Distance between this listing and this school8.04 miles
The neighbors living near this home have an average income of $45,375. Most Tryon, NC residents have annual incomes less than $35k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About LOT308 Summit Rd
What is the listing price of this property?
The listing price of LOT308 Summit Rd property is $20,000.
What type of property is this?
The property LOT308 Summit Rd is land located in Tryon, North Carolina, 28782.
Is this property for sale now?
Active Listing: LOT308 Summit Rd is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at LOT308 Summit Rd in Tryon, NC and zip code 28782. It has been listed on Rocket Homes since December 15, 2023 and is currently priced at $20,000.
In October 2024, from all listings sold in Tryon, NC there were more than 1 sold above asking price, over 4 sold below and more than 0 were sold right at the asked price. In October 2024 in Tryon, NC there were 3.8% less homes for sale than in September 2024. In October 2024 median list price was $449,000 and the average listing age was 28 days.
From Rocket Homes Real Estate and based on county public records data.