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468 Deer Park Lake Rd, Spruce Pine, NC, 28777

6beds
5baths
4,342sqft
$544,900
$125price/sqft
$3,644/moest. monthly cost
$145,760/yrincome needed

About This Home

Welcome to your next investment opportunity! Nestled in a picturesque country setting this newly remodeled Four-Plex on seven plus acres located for convenience is your gateway to a lucrative real estate venture in an area with a pressing need for rental units. This is an a great opportunity for investors seeking income or residents looking to call this serene property their home. With the location just a few minutes to shopping and medical facilities. The Brick Ranch home has had an extensive remodel with new Aldhurst Waterproof Core flooring, New windows, Paint and lighting throughout, New Kitchen in unit 1 and granite countertops in two of the four units, New garage door with opener, New 7 bedroom septic system, Survey and much more. Agents please see the list attached and share with your clients. Contact us today to explore this property and discover the investment that you've been searching for. Mobile home at road in the street view is no longer on the the property.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

--
Greenlee PrimaryGrades K-23.3 mi
3/10
Harris MiddleGrades 6-80.9 mi
3/10
Mitchell HighGrades 9-123.7 mi

Construction

Condition

  • Year built: 1968

Materials

  • Foundation: Permanent
  • Construction materials: Brick Partial,Vinyl,Wood

Type & Style

  • Home type: MultiFamily
  • Architectural style: Ranch
  • Property subType: Quadruplex

Interior

Appliances

  • Appliances included: Dishwasher,Electric Oven,Exhaust Fan,Refrigerator
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Apartment,Basement Garage Door,Daylight,Partially Finished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Walk-In Pantry
  • Window features: Insulated Windows
  • Flooring: Laminate
  • Fireplace features: Other - See Remarks
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Kerosene,Other
  • Cooling features: None

Interior Area

  • Total structure area: 4,342
  • Total interior livable area: 4,342 sqft

Property

Details

  • Parcel number: 088000449408
  • Zoning: 0
  • Special condition: Standard
  • Other equipment: Fuel Tank(s),Other - See Remarks
  • Horse amenities: None

Features

  • Patio & porch: Deck,Porch
  • Fencing: Front Yard
  • Has view: Yes
  • View description: Long Range,Winter
  • Waterfront features: None

Lot

  • Lot size: 7.13 Acres
  • Features: Cleared,Level,Open Lot,Private,Sloped,Wooded,Views

Parking

  • Total spaces: 11
  • Parking features: Attached Carport,Attached Garage,Garage Door Opener,Parking Space(s),RV Access/Parking
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 3
  • Has uncovered spaces: Yes
  • Uncovered spaces: 8
  • Carport: Yes
  • Carport spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Landslide
    LandslideModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Cold Wave
Inland Flooding
Ice Storm
Strong Wind
Landslide
Tornado
Winter Weather

FEMA Declared Disasters in Mitchell County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,755$33,060
Home Insurance *$190$2,280
Property Taxes $295$3,540
Electricity $404$4,852
Total$3,644$43,728
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$124,937/yr
40% on housing$109,320/yr
45% on housing$97,173/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.7%
10.7%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 9.2%
9.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$125This listing

vs Other Active Listings

Avg $/sqft

ZIP 28777$152
Mitchell County$182

vs Homes Sold Last Month

Median $/sqft

ZIP 28777
Mitchell County$231

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-03Listed for sale$574,000
2025-12-11Listing removed$574,000
2024-09-06Price change$574,000
2024-08-07Price change$599,000
2024-07-13Price change$624,000
2024-05-07Price change$649,000
2024-03-12Price change$674,000
2023-11-03Price change$699,000
2023-09-12Listed for sale$725,000
2022-10-01Listing removed--
2022-07-14Listed for sale$375,000
2022-06-30Listing removed--
2022-04-20Listed for sale$375,000

For Sale by Agent

AgentMelissa Miller
BrokerageAbsolute Bespoke Properties LLC

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