Waynesville · Waynesville, NC
507 Utah Mountain Road
Waynesville, NC · 1,536 sqft
$398,000
- 3Beds
- 3Baths
- 1,536SqFt
- 1997Year
- 1Days on market
About this home
Opportunity awaits in beautiful Maggie Valley with views, views, and more views! This versatile multi-family mountain home offers two separate living units, current rental income, multiple living spaces, and excellent flexibility for investors, full-time residents, or buyers seeking a live-in/rent-out option. Conveniently located approximately 2.5 miles from I-40, 30 minutes to Asheville, and close to Great Smoky Mountains National Park, the property provides easy access to area attractions while maintaining inviting mountain-area appeal. The upper unit features a comfortable living room with fireplace, kitchen, primary bedroom, and full bath on the main level, plus an upper level with an additional bedroom, bonus room with closet, and another full bath. The fully finished lower-level apartment includes a separate entrance, living room with gas fireplace, kitchen, bedroom with closet, full bath, and stackable washer and dryer. Enjoy the mountain setting from two covered decks, with plenty of parking and a large yard. The lower unit is currently tenant-occupied at $1,100 per month with electric and water included. Upstairs has been recently rented for $1900 per month. Recent flooring upgrades have been completed on the main and upper levels, adding to the home’s appeal. A great opportunity for buyers seeking income potential, flexible living arrangements, cash flow today, and room for future plans.
Property details
- Beds
- 3
- Baths
- 3
- SqFt
- 1,536
- Lot
- —
- Year built
- 1997
- Type
- Single Family
- Days on market
- 1
- Style
- Cabin
- Heating
- Baseboard, Other - See Remarks
- Cooling
- Ceiling Fan(s)
- Foundation
- Slab
- Flooring
- Carpet, Laminate, Tile
- View
- Long Range, Mountain(s), Year Round
Features
- Split Bedroom
- Walk-In Closet(s)
- Storage
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$2,879/ month
- Principal & interest
- $2,464
- Property tax (~0.90%)
- $298
- Homeowners insurance
- $116
- HOA dues
- —
Down payment
$19,900 down · $378,100 financed
Income to qualify (28% rule)
~$123,407 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.