6 GUEST ROOM B&B HOSPITALITY PROPERTY FOR SALE TERRELL HOUSE BED & BREAKFAST. Burnsville, NC.

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1 TERRELL HOUSE BED & BREAKFAST HOSPITALITY PROPERTY FOR SALE Burnsville, NC PRESENTED BY: WAYNE FEY BROKER / G.C. / PRINCIPAL / BIC waynefey1@gmail.com more information online:

2 Terrell House Bed & Breakfast OFFERING SUMMARY Sale Price: $825,000 Price / SF: $ Lot Size: 1.3 Acres Year Built: Circa 1900 Building Size: 3,627 SF (Per MLS) Renovated: 1991 PROPERTY OVERVIEW Once a dorm for a Western North Carolina Presbyterian school in the early 1900 s, subsequently a two family home until converted to its current configuration in 1991 as the Historic Terrell House Bed and Breakfast Inn with accommodations including 6 beautifully appointed rooms perfect for a romantic weekend getaway. Five have queen size beds and one has twin beds. All rooms have private baths, individual air-conditioning, and sitting areas.the Sale includes a large adjoining vacant lot suitable for parking large RV's and trailers or for the possible future addition of guest cabins and additional guest facilities. A hearty formal breakfast is served daily at this Blue Ridge Mountains bed and breakfast inn. The best breakfast in Burnsville awaits you.. LOCATION OVERVIEW Interstate-26 To Exit-9 (US-19), 18.3 Miles Towards Burnsville Then Left On To West Main Street and Left On Robertson Street To #109. Zoning: R-10 Market: Burnsville Submarket: Yancey County

3 Terrell House Bed & Breakfast PROPERTY HIGHLIGHTS Known as "The Best Bed and Breakfast in Burnsville" and a Trip Advisor 5 Star Rated Accommodations. Within walking distance of Burnsville Town Square. A Peoples Choice Award Winner for 2014 Enjoy a walk through the quiet neighborhood before turning uptown on West Main Street and visiting the Chamber Of Commerce, unique local shops, the Toe River Arts Council Gallery, the movie theater, local restaurants and more local attractions. Prices start at $ per night and there is plenty of room for parking RV's, Trailers, Suv's and motorcycles. Burnsville's Highway-19E has been designated a North Carolina Scenic Highway Route and Yancey County is also the home of Mount Mitchell, a popular tourist destination and the at 6,684', the highest mountain East of the Mississippi. A wonderful breakfast is served each morning in the main dining room. The back-porch and gazebo provide a tranquil garden setting for relaxing, bird watching and socializing with your family and other guests. The Parlor is also a great place for socializing with family and other guests. For the romantic Patricia's Room contains a hand painted claw foot tub for soaking as well as a separate shower. The kitchen was remodeled in 2007 with all cherry wood and easy access to the dining area. The Innkeepers area is large and private with direct and easy access to the common guest areas and consists of a 12 x 14' bedroom, full bath with shower and large walk in closet and direct kitchen access.

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15 Terrell House Bed & Breakfast POPULATION 1 MILE 5 MILES 10 MILES TOTAL POPULATION 276 5,383 18,507 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES TOTAL HOUSEHOLDS 118 2,308 7,699 # OF PERSONS PER HH AVERAGE HH INCOME $46,290 $45,451 $44,299 $197,469 $196,473 AVERAGE HOUSE VALUE * Demographic data derived from 2010 US Census

16 109 Robertson St, Burnsville, NC , Yancey County Pricing Trends Median Sale Price to Current Value - Tax The percentage of properties that have increased or decreased in value based on the year in which they were acquired. The chart compares the sale price of each home to its current market value based on RealAVM, and then calculates the median percentage of appreciation or depreciation. If the percentage for a year is below 100%, those who purchased homes during that year are likely to have negative equity and may be subject to short sale conditions. If the percentage is above 100%, those who purchased a home that year are likely to have positive equity and the capacity to transact their home in an uncomplicated manner. Percentage of Properties Purchased Above/Below Current Value - Tax The percentage of all properties for which the purchase price is above and below the current value. The current value of the property is calculated using RealAVM. This statistic represents all properties in the geographic area, regardless of when the home sold. An area in which most homes were purchased above their current value indicates one in which properties are likely to be distressed and subject to short sales and foreclosures. An area in which most properties were purchased below their current value indicates an area in which home owners generally enjoy positive equity. Median Sale Price - Tax The median sale price for properties sold via Tax. If the median sale price increases over time, it generally indicates an appreciating market in which demand exceeds supply. Conversely, if the median sales price is decreasing, it indicates a declining market with diminished demand. Courtesy of Wayne Fey, CAROLINA MULTIPLE LISTING SERVICES INC The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality. Market Trends Generated on 03/06/2017 Page 1 of 10

17 Median Sale Price - MLS The median sale price for properties sold via the MLS. If the median sale price increases over time, it generally indicates an appreciating market in which demand exceeds supply. Conversely, if the median sales price is decreasing, it indicates a declining market with diminished demand. Median List Price - MLS The median list price for properties actively marketed via the MLS. If the median list price increases over time, it generally indicates an appreciating market in which demand exceeds supply. Conversely, if the median list price is decreasing, it indicates a declining market with diminished demand. Median Sale to Original List Price Ratio - MLS The median ratio of sale price to list price based on MLS sales. For example, a home listed for $200,000 that sold for $190,000 would have a ratio of 95%. When the ratio is close to or even above 100%, homes are selling at or above their asking price and market demand is high. When the ratio is substantially below 100%, demand for homes is low. Median Price per Square Foot - Tax Courtesy of Wayne Fey, CAROLINA MULTIPLE LISTING SERVICES INC The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality. Market Trends Generated on 03/06/2017 Page 2 of 10

18 The median price per square foot for sold homes based on Tax sales. An increase in the median price per square foot -- particularly if the median size of sold homes has not also increased -- indicates that buyers are willing to pay more for the similarly sized homes. When the median price per square foot decreases, property values may be generally decreasing, or less costly homes are selling more briskly than higher valued ones. Median Price per Square Foot - MLS The median price per square foot for sold homes based on MLS sales. An increase in the median price per square foot -- particularly if the median size of sold homes has not also increased -- indicates that buyers are willing to pay more for the similarly sized homes. When the median price per square foot decreases, property values may be generally decreasing, or less costly homes are selling more briskly than higher valued ones. Median Loan to Value - Tax The median loan-to-value ratio (or LTV) is the ratio of the mortgage amount to the purchase price. Conventional wisdom is that homeowners with lower LTV ratios are less likely to default on their mortgage. As a result, lenders typically require mortgage insurance for owners who have an LTV greater than 80%. (1) Powered BY RealEstate Business Intelligence. Information IS deemed reliable but NOT GUARANTEED. Copyright 2014 RealEstate Business Intelligence. ALL rights reserved. Market Activity Number of Sales - Tax The number of properties sold via Tax. Increasing sales activity signifies an accelerating market, while decreasing activity signifies a declining market. Remember that sales activity may also change seasonally, so be sure to compare sales activity between comparable periods and over a sufficiently long enough timeline. Courtesy of Wayne Fey, CAROLINA MULTIPLE LISTING SERVICES INC The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality. Market Trends Generated on 03/06/2017 Page 3 of 10

19 Number of Sales - MLS The number of properties sold via the MLS. Increasing sales activity signifies an accelerating market, while decreasing activity signifies a declining market. Remember that sales activity may also change seasonally, so be sure to compare sales activity between comparable periods and over a sufficiently long enough timeline. Change in Sales Activity - Tax The percentage change in sales activity compared to the corresponding month or quarter of the prior year. Positive percentages reflect improving market conditions, and decreasing ones indicate declining market conditions. Change in Sales Activity - MLS The percentage change in sales activity compared to the corresponding month or quarter of the prior year. Positive percentages reflect improving market conditions, and decreasing ones indicate declining market conditions. Annual Turnover Rate - Tax Courtesy of Wayne Fey, CAROLINA MULTIPLE LISTING SERVICES INC The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality. Market Trends Generated on 03/06/2017 Page 4 of 10

20 The annualized turnover rate indicates the percentage of all homes within the locale that sold via Tax. Comparing the annualized turnover rate between locations provides an indication of each area's relative stability or volatility. Annual Turnover Rate - MLS The annualized turnover rate indicates the percentage of all homes within the locale that sold via the MLS. Comparing the annualized turnover rate between locations provides an indication of each area's relative stability or volatility. (1) Powered by RealEstate Business Intelligence. Information is deemed reliable but not guaranteed. Copyright 2014 RealEstate Business Intelligence. All rights reserved. Distressed Properties Number of Foreclosures - Tax The total number of properties entering all stages of foreclosure (Pre-Foreclosure, Auction, or REO) in the monthly or quarterly period. When the combined number of properties entering the foreclosure stage declines, conditions are typically improving and markets will stabilize. When number of properties entering the various foreclosure stages increase, conditions are typically worsening and there is a likelihood that listing inventory will subsequently increase. Change in Foreclosure Activity - Tax The change in the foreclosure activity compares the number of properties entering all stages of foreclosure from one period to the corresponding period of the prior year. Negative percentages indicate slowing foreclosure activity, while increasing percentages depict accelerating foreclosure activity. Courtesy of Wayne Fey, CAROLINA MULTIPLE LISTING SERVICES INC The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality. Market Trends Generated on 03/06/2017 Page 5 of 10

21 Percentage of Foreclosed Properties - Tax The percentage of all properties in the zip, city or county entering the various stages of foreclosure in the period. This will be a very low percentage, but the comparative number period over period depicts improving or worsening conditions. Percentage of Properties in Each Foreclosure Stage - Tax The percent of properties in each stage of foreclosure (Pre-Foreclosure, Auction, or REO) for the most recent period. Areas with a high number of REO properties may be subject to listing and price volatility if the REO homes rapidly enter listing inventory. (1) Powered by RealEstate Business Intelligence. Information is deemed reliable but not guaranteed. Copyright 2014 RealEstate Business Intelligence. All rights reserved. Courtesy of Wayne Fey, CAROLINA MULTIPLE LISTING SERVICES INC The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality. Market Trends Generated on 03/06/2017 Page 6 of 10

22 109 Robertson St, Burnsville, NC , Yancey County Demographics Based on ZIP Code: Population Summary Estimated Population: 16,429 Population Growth (since 2010): 0.5% Population Density (ppl / mile): 57 Median Age: Household Number of Households: 7,063 Household Size (ppl): 2 Households w/ Children: 1,670 Age Gender Marital Status Housing Summary Stability Median Home Sale Price: $110,000 Median Year Built: 1982 Data not available Courtesy of Wayne Fey, CAROLINA MULTIPLE LISTING SERVICES INC The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality. Neighborhood Profile Generated on 03/06/2017 Page 7 of 10

23 Occupancy Fair Market Rents (County) Quality of Life Workers by Industry Workforce Agricultural, Forestry, Fishing: 6 Mining: 77 Construction: 294 Manufacturing: 577 Transportation and Communications: 77 Wholesale Trade: 33 Retail Trade: 816 Finance, Insurance and Real Estate: 144 Services: 311 Public Administration: 363 Household Income Average Household Income: $49,233 Average Per Capita Income: $21,349 Courtesy of Wayne Fey, CAROLINA MULTIPLE LISTING SERVICES INC The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality. Neighborhood Profile Generated on 03/06/2017 Page 8 of 10

24 Commute Method Weather January High Temp (avg F): 34.2 January Low Temp (avg F): 17.3 July High Temp (avg F): 67.9 July Low Temp (avg F): 52.8 Annual Precipitation (inches): 74.5 Education Educational Climate Index (1) Highest Level Attained Less than 9th grade: 812 Some High School: 1,047 High School Graduate: 4,049 Some College: 2,794 Associate Degree: 934 Bachelor's Degree: 1,475 Graduate Degree: 782 (1) This measure of socioeconomic status helps identify ZIP codes with the best conditions for quality schools. It is based on the U.S. Census Bureau's Socioeconomic Status (SES) measure with weights adjusted to more strongly reflect the educational aspect of social status (education 2:1 to income & occupation). Factors in this measure are income, educational achievement and occupation of persons within the ZIP code. Since this measure is based on the population of an entire ZIP code, it may not reflect the nature of an individual school. (2) Powered by Onboard Informatics. Information is deemed reliable but not guaranteed. Copyright 2014 Onboard Informatics. All rights reserved. Schools Radius: 3 mile(s) Public - Elementary Yancey County Schools Distance Grades Students Burnsville Elementary 395 Burnsville School Rd 2.94 K-5th Students per Teacher SchoolDigger.com Rating (1) Community Rating (2) Public - Middle/High Yancey County Schools Distance Grades Students Mountain Heritage High 333 Mountain Heritage High School Rd East Yancey Middle 285 Georges Fork Rd 1.6 9th-12th th-8th Students per Teacher SchoolDigger.com Rating (1) Community Rating (2) Courtesy of Wayne Fey, CAROLINA MULTIPLE LISTING SERVICES INC The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality. Neighborhood Profile Generated on 03/06/2017 Page 9 of 10

25 Private Yancey County Christian School 694 Pine Swamp Rd Distance Grades Students Classrooms 1.4 K-11th 29 Community Rating (2) (1) SchoolDigger Ratings provide an overview of a school's test performance. The ratings are based strictly on test score performance for that state's standardized tests. Based on a scale of 1-5. ( SchoolDigger.com) (2) The community rating is the overall rating that is submitted by either a Parent/Guardian, Teacher, Staff, Administrator, Student or Former Student. There will be only one rating per school. Based on a scale of 1-5. (3) Powered by Onboard Informatics. Information is deemed reliable but not guaranteed. Copyright 2014 Onboard Informatics. All rights reserved. Local Businesses Radius: 3 mile(s) Eating - Drinking Address Phone # Distance Description Hilltop Restaurant 109 W Main St (828) Restaurants In The Garden 409 W Main St (828) Restaurants Bootleg Sports Bar & Grill 107 W Main St (828) Bars Wishbones Restaurant 620 W Main St (828) Restaurants Appalachian Java 8 W Main St (828) Coffee Shops Garden Deli 107 Town Sq (828) Restaurants - Deli Little Tokyo 114 Reservoir Rd (828) Restaurants - Japanese Burger King 116 Reservoir Rd (828) Restaurants - Burgers Sav-Mor 160 Reservoir Rd (828) Grocers - Retail El Chapala 170 Reservoir Rd (828) Restaurants - Mexican Shopping Address Phone # Distance Description Hammond Antiques 201 W Main St (828) Antiques - Dealers Players Sporting Goods 315 W Main St (828) Sporting Goods - Retail Music Box 128 W Main St (828) Musical Instruments - Dealers Felicitys Closet 120 W Main St (828) Consignment Shops David's Limited 105 W Main St (828) Formal Wear - Retail Burnsville Wine & Inc 525 W Main St # 3 (828) Wines - Retail Fox Brothers Paving & Grading 680 W Main St (828) Gift Shops Fox Country Store 680 W Main St (828) Garden Centers Always Ready Store 632 W Main St (828) General Merchandise - Retail Clodhoppers 17 W Main St (828) Shoes - Retail (1) Powered BY Onboard Informatics. Information IS deemed reliable but NOT GUARANTEED. Copyright 2014 Onboard Informatics. ALL rights reserved. Courtesy of Wayne Fey, CAROLINA MULTIPLE LISTING SERVICES INC The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality. Neighborhood Profile Generated on 03/06/2017 Page 10 of 10

26 Terrell House Bed & Breakfast WAYNE FEY Broker / G.C. / Principal / BIC 12 Trailridge Road Asheville, NC T C waynefey1@gmail.com Professional Background Wayne Fey Commercial Real Estate Broker / G.C. (N.C. & Fl.) Wayne Fey relocated to Asheville in early 2008, after working and residing in South Florida and the Caribbean Basin for many years. The 20 years prior, were spent in the Key West, Florida area as President / CEO of Anchor Structural & Associates Inc., a General Contracting firm, primarily engaged in Industrial, Infrastructure, Marine, Underwater & Federal Government contracting. Anchor was incorporated in 1980 and provided services in construction and consulting to numerous clients during the period since its inception. Prior to forming Anchor, Wayne worked in the commercial diving and construction industries and holds numerous DOT and other certifications in construction materials testing and inspection as well as extensive expertise in structural investigation and documentation, including serving as an Expert Witness in construction litigation.he also holds a US Patent for Encap Systems, a unique means and method for structural repair of Bridge Pilings and other types of columns. Wayne was initially licensed to practice Real Estate in Florida in 1985, Wayne concentrated on General Contracting and Consulting until moving to Asheville. Since obtaining his North Carolina Brokers License he has primarily focused on industrial properties and the resurrection of failed Residential Developments due to his prior experience in that field as a General Contractor. As a licensed and instrument rated pilot / aircraft owner, Wayne commuted in his aircraft weekly between Key West and Asheville for approximately two years before closing operations in Florida completely and settling full time on Town Mountain in Asheville. Wayne formed All Points Realty Partners LLC. With his Associate and friend of 50 years, Martin Sorensen in 2013 with the Firm s focus on Commercial & Residential Brokerage and Development, including the resurrection of troubled Residential Developments. Wayne s hobbies include aerobatic flying, rotorcraft, on and off-road motorcycles, rock climbing, photography, hiking and numerous other outdoor activities. Past hobbies have included Formula Ford auto racing, skydiving, deep-sea fishing and cave diving. He enjoys spending time at home and in the mountains with his wife of 24 years, Laura, their two Dobermans and three cats. Laura is employed with Ascension Health and has been employed in the Health Care Industry for approximately twenty-five years and is an upper level Manager splitting her time between working from Asheville and commuting to various Ascension Health Facilities.