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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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242 Falling Creek Dr , Nebo, NC 28761
$586,000
Est. Payment: $3,293.34/mo
3 Bed
3 Bath
2103 Sqft
3.77 Acres
Status: active | Days on site: 6
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Terri Bias
Operator/Brokerage Owner

House Description

Cozy Mountain Cabin with Creek Frontage, Mountain Views & Extensive Updates in Katy Creek Community! Don't miss this opportunity to own a cozy mountain cabin in the desirable Katy Creek Community! Situated on 3.77 acres in southern McDowell County, this property offers beautiful mountain views, frontage along Muddy Creek, privacy, and the peaceful mountain lifestyle you've been looking for. Start your mornings on the spacious wraparound deck with a cup of coffee while taking in the mountain views and tranquil surroundings. The outdoor living spaces are perfect for relaxing, entertaining, or gathering around the fire pit. Enjoy the added charm of the pergola and lower deck, creating even more space to soak in the beauty of the outdoors. Inside, the home features 3 bedrooms and 3 bathrooms, along with additional finished basement living space currently used as a guest suite. The basement features custom cabinetry, additional flooring, and a finished staircase, making it ideal for extended family, overnight guests, or your own private retreat. An added exterior door provides convenient access to the lower deck. This property has seen numerous updates and improvements, including a new roof in 2025, two new mini-splits, a concrete driveway to the basement, updated landscaping with evergreens and perennials, and a new dishwasher in 2024. Additional improvements include a large rear deck with pergola and lower level deck for the basement level, a buried 500-gallon propane tank and a gas option added to the existing electric stove hookup. Even better, select furnishings are included in the sale, making your transition to mountain living that much easier! Included items feature outdoor deck furniture purchased in 2024, fire pits, kitchen table and chairs, downstairs bedroom furniture, a sleeper sofa, TVs, and basement shelving. Other furnishings and household items may be negotiable. When you're ready to explore, there's plenty to enjoy throughout Western North Carolina. Experience breathtaking fall colors, local festivals, hiking and biking trails, unique shops, great dining, and endless outdoor recreation. With Lake James nearby and Asheville and Hickory within easy reach, you'll have plenty of opportunities for day trips and new adventures. Come enjoy mountain views, creek frontage, privacy, and plenty of room to spread out on 3.77 beautiful acres. Whether you're looking for a full-time residence, a relaxing weekend getaway, or a place to gather and entertain family and friends, this inviting mountain retreat offers the perfect opportunity to enjoy all that Western North Carolina has to offer. Come see all this mountain getaway has to offer and imagine making it your own!

Highlights

Listed by Brandon Braswell , 828-559-9522 Realty Group 1 LLC , 828-652-3797. Canopy MLS mls logo

Property Type

Residential

Lot/Acreage
3.77

HOA Fee

500 Annually

Year Built

2004

County

McDowell

Neighborhood

Katy Creek

Listing ID

4429484

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Appliances:Dishwasher, Electric Range, Refrigerator
Air Cond:Central Air,Ductless
Fireplaces:
Above Ground Sq Ft:1446
Below Ground Sq Ft:657
Basement:Partially Finished
Other:
  • ▪ Additional:Master on Main
Water:Well

Exterior Features

Lot:Other - See Remarks
Sewer:Septic Installed
Parking Features:Driveway
Principal Interest
$3,293
Taxes
$374
HOA
$500

Home Price

$586,000

Loan Details

30 yrs
7.548%

Down Payment

20%
$117,200
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,293.34

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $3,293.34 $373.58 $500.00 $4,166.91
Yearly $39,520.08 $4,482.90 $6,000.00 $50,002.98
Total $1,185,602.38 $134,487.00 $180,000.00 $1,500,089.38

Today's Rates

30 Year

7.55%

20 Year

7.5%

15 Year

6.75%

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Market insight data is pulled from the same city as the listing being viewed (Nebo, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. 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 data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Terri Bias and Associates | PLACE nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Listings courtesy of Canopy MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-10-14T17:53:06.000Z

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