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642 Michelle Ln

Newland, NC 28657

3 bd 4 ba 2,690 sqft Built 1976 Lot 70,567 sqft single_family
Most recent sale
$465,000
Jul 25, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 25, 2022 Sold $465,000 MLS #3865195
Jun 2, 2022 Price changed $475,000 MLS #3865195
May 26, 2022 Listed $489,900 MLS #3865195
May 20, 2022 Listed $489,900 MLS #237578
Jan 15, 2021 Sold $330,000 MLS #227272
Dec 14, 2020 Listed $315,000 MLS #227272
Jun 10, 2015 Sold $265,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $25,000 $25,000 $100
2023 $25,000 $25,000 $100
2022 $25,000 $25,000 $100
2021 $14,300 $14,300 $79
2020 $14,300 $14,300 $79
2019 $14,300 $14,300 $79
2018 $14,300 $14,300 $79
2017 $14,300 $14,300 $79
2016 $14,300 $14,300 $64
2015 $14,300 $14,300 $64
2014 $14,300 $14,300 $75
2013 $15,000 $61
2012 $15,000 $61

Property facts

Year built
1976
Property type
single_family
Stories
Beds
3
Baths
4
Living area
2,690 sqft
Lot size
70,567 sqft
ZIP code
28657
City
Newland
Street
Michelle Ln
Coordinates
36.03438, -81.91998

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$3,632
Gross rental yield
9.37%
Implied cap rate
6.09%
Trend-extrapolated value

Frequently asked questions

When did 642 Michelle Ln last sell?
642 Michelle Ln most recently sold on Jul 25, 2022 for $465,000.
What is the current tax assessment for 642 Michelle Ln?
The most recent total assessment for 642 Michelle Ln (year 2025) is $25,000 with $100 in property tax.
How does 642 Michelle Ln's assessment compare to its last sale price?
The current assessment is 94.6% below the last sale price of $465,000.
When was 642 Michelle Ln built?
642 Michelle Ln was built in 1976.
How does 642 Michelle Ln compare to others on Michelle Ln?
We track 8 other properties on Michelle Ln. Browse the list under "Other properties on Michelle Ln" to compare beds, baths, and sale history.
What are the property facts for 642 Michelle Ln?
642 Michelle Ln is a 3 bed, 4 bath, 2,690 sqft, 70,567 sqft lot single_family.
Is 642 Michelle Ln a flip candidate?
Yes — 642 Michelle Ln appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 642 Michelle Ln a tax-appeal candidate?
No — 642 Michelle Ln is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-8.4%
Implied 1-yr
-33.6%
2026 Q3
$129.7K
2026 Q4
$105.7K
ZIP 28657 — Median Price History + Forecast

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