588 Ray Hill Rd
Mills River, NC 28759
8 bd 8 ba 4,712 sqft Built 1980 Lot 71,874 sqft multi_family
Most recent sale
$510,000
May 27, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 31, 2025 | Price changed for rent | $1,700 | RentalSource |
| Oct 29, 2025 | Price changed for rent | $1,700 | RentEngine |
| Oct 16, 2025 | Listed for rent | $1,800 | RentalSource |
| Oct 9, 2025 | Listed for rent | $1,800 | RentEngine |
| May 27, 2022 | Sold | $510,000 | MLS #3837229 |
| Mar 12, 2022 | Listed | $489,000 | MLS #3837229 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $438,000 | $71,200 | $509,200 | $2,194 |
| 2024 | $438,000 | $71,200 | $509,200 | $2,194 |
| 2023 | $438,000 | $71,200 | $509,200 | $2,194 |
| 2022 | $248,200 | $45,200 | $293,400 | $1,645 |
| 2021 | $248,200 | $45,200 | $293,400 | $1,646 |
| 2020 | $248,200 | $45,200 | $293,400 | $1,645 |
| 2019 | $248,200 | $45,200 | $293,400 | $1,645 |
| 2018 | $219,400 | $40,100 | $259,500 | $1,466 |
| 2017 | $219,400 | $40,100 | $259,500 | $1,466 |
| 2016 | $219,400 | $40,100 | $259,500 | $1,466 |
| 2015 | $219,400 | $40,100 | $259,500 | $1,332 |
| 2014 | $213,400 | $35,600 | $249,000 | $1,278 |
| 2013 | $213,400 | $35,600 | $249,000 | $1,278 |
| 2012 | $213,400 | $35,600 | $249,000 | $1,278 |
| 2010 | $213,400 | $35,600 | $249,000 | $1,284 |
| 2009 | $241,400 | $36,700 | $278,100 | $1,284 |
| 2008 | $241,400 | $36,700 | $278,100 | $1,284 |
| 2007 | $241,400 | $36,700 | $278,100 | $1,284 |
Property facts
Year built
1980
Property type
multi_family
Stories
—
Beds
8
Baths
8
Living area
4,712 sqft
Lot size
71,874 sqft
ZIP code
28759
City
Mills River
Street
Ray Hill Rd
Coordinates
35.36378, -82.59429
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,060
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 588 Ray Hill Rd last sell?
588 Ray Hill Rd most recently sold on May 27, 2022 for $510,000.
What is the current tax assessment for 588 Ray Hill Rd?
The most recent total assessment for 588 Ray Hill Rd (year 2025) is $509,200 with $2,194 in property tax.
How does 588 Ray Hill Rd's assessment compare to its last sale price?
The current assessment is 0.2% below the last sale price of $510,000.
When was 588 Ray Hill Rd built?
588 Ray Hill Rd was built in 1980.
How does 588 Ray Hill Rd compare to others on Ray Hill Rd?
We track 8 other properties on Ray Hill Rd. Browse the list under "Other properties on Ray Hill Rd" to compare beds, baths, and sale history.
What are the property facts for 588 Ray Hill Rd?
588 Ray Hill Rd is a 8 bed, 8 bath, 4,712 sqft, 71,874 sqft lot multi_family.
Is 588 Ray Hill Rd a flip candidate?
No — 588 Ray Hill Rd does not appear in our flips dataset.
Is 588 Ray Hill Rd a tax-appeal candidate?
No — 588 Ray Hill Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+5.6%
Implied 1-yr
+22.5%
2026 Q3
$875.6K
2026 Q4
$911.6K
ZIP 28759 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Ray Hill Rd