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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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202 Morgan Dr , Penrose, NC 28766
$825,000
Est. Payment: $4,636.53/mo
4 Bed
3 Bath
2885 Sqft
5.39 Acres
Status: active | Days on site: 20
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R03730 - bil1843
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Terri Bias
Operator/Brokerage Owner

House Description

5.39-Acre Equestrian Mini-Farm in Penrose | Updated Ranch with Barn, Fenced Pasture, Stream, & Mountain Views — 3 miles to DuPont Forest!" Not just for horses but the opportunity for Biking is exceptional. The main house gives you four bedrooms and three full baths, with the primary suite tucked on the main level and its own door out to a covered porch built for watching the sun come up over the ridgeline. Double vanities and a steam shower in the primary bath. Skylights in the living room. The kitchen has been remodeled and opens to a breakfast nook with plenty of room to spread out for Sunday dinner, and the main level laundry room comes with a sink and more cabinet space than most people know what to do with. Downstairs, the partially finished basement adds a fourth bedroom, full bath, family room, and a bonus space that works as an office or a rec room, your call. Upper and lower garages are both heated and cooled, and the lower level has a workshop for anyone who likes to tinker. Outside is where this property really earns the horse property name. Fenced pastures, a barn with power and water, a fenced vegetable garden, and a fire pit for evenings under the stars. Seven miles to Pisgah National Forest. Three miles to DuPont. This is the kind of setup people search for years to find.

Highlights

Listed by Billy Harris , 828-553-9666 Howard Hanna Beverly-Hanks Brevard South , 828-553-9666. Canopy MLS mls logo

Property Type

Residential

Lot/Acreage
5.39

HOA Fee

500 Annually

Year Built

1994

County

Transylvania

Neighborhood

Little River Ranch

Listing ID

4422581

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Appliances:Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Filtration System, Microwave, Refrigerator, Washer
Air Cond:Heat Pump
Fireplaces:Fire Pit,Living Room
Floor:Carpet,Laminate,Tile,Vinyl,Wood
Above Ground Sq Ft:1965
Below Ground Sq Ft:920
Basement:Interior Entry,Partially Finished,Walk-Out Access
Other:
  • ▪ Additional:Master on Main
Water:Well

Exterior Features

Lot:Creek Front,Flood Plain/Bottom Land,Pasture,Creek/Stream,Views
Roof:Architectural Shingle
Sewer:Septic Installed
Parking Features:Basement,Driveway,Attached Garage
Principal Interest
$4,637
Taxes
$526
HOA
$500

Home Price

$825,000

Loan Details

30 yrs
7.548%

Down Payment

20%
$165,000
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:
$4,636.53

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $4,636.53 $525.94 $500.00 $5,662.47
Yearly $55,638.34 $6,311.25 $6,000.00 $67,949.59
Total $1,669,150.11 $189,337.50 $180,000.00 $2,038,487.61

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 (Penrose, 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: 2026-10-14T15:52:06.000Z

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