196 The Rapids, Sapphire, NC 28774 Property Records

Transylvania County property record for 196 The Rapids, Sapphire, NC 28774

Property Summary

Property Type	Commercial
Details	4 bd · 3.5 ba · 3,358 sqft · built 1994
Lot Size	1.12 acres (48,880 sqft)
Owner	Company Name on Record
Last Sale	$1,545,000 (Aug 2023)
Tax Bill	$7,249 (2025)
Deeds & Mortgages	Aug 2023 Sale & Mortgage Aug 2019 Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`8501-68-0501-000`

Property Details

APN / Parcel Number

Primary APN	`8501-68-0501-000`
Alternative APNs	`70260780` `70559890` `70588970`

Interior

Bedrooms	4 Beds
Full Baths	3.5 Baths
Half Baths	1 Half Bath
Building Area	3,358 sqft Heated Area
Flooring	Hardwood
Interior Walls	Wallboard/Drywall
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1994
Effective Year Built	Effective 2010
Exterior Material	Wood
Roof Type	Cathedral/Clerestory
Roof Material	Wood Shingle
Lot Area	48,880 sqft (1.12 acres)
View / Lot	Waterfront

Utilities, Heating & Cooling

Cooling System	Central
Heating Fuel	Electric

Location & Zoning

Account Number	70588970
Street Address	196 THE RPDS
City	SAPPHIRE
State	NC
Zip	28774-0015
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	L008 THE RAPIDS ROAD
Legal Subdivision	SAPPHIRE LAKES SUBDIVISION
Jurisdiction	TRANSYLVANIA NC
Township / Civil Division	HOGBACK
Census Block Group	1
Census Block	1031
Census Tract	960601

Owner

Source: Transylvania County records, as of September 9, 2025

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	5855 BROOKE DR, WINNEMUCCA, NV 89445-6151
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Aug 28, 2023	Warranty Deed, Transfer · Commercial Mortgage GRAY PROPERTIES LLC
Aug 13, 2019	Deed of Trust, Mortgage · Line of Credit UNITED COMMUNITY BANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Aug 28, 2023 · Amount on Record
Deed Sale	Aug 28, 2023 · Amount on Record
Prior Sale	Jun 30, 2022 · Amount on Record
Prior Transfer Date	May 4, 2015
Prior Transfer Doc	0007250713
Record Updated	Jun 8, 2026

August 2023: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	TRANSYLVANIA NC
Recording Date	Aug 28, 2023
Property Address	196 THE RPDS, SAPPHIRE, NC 28774-0015
Document Number	0010890481
Book / Page	1089 / 481
Map Reference	FILE 7 SL 835
Instrument Date	Aug 22, 2023
Instrument	2023004226
Transaction Type	Transfer
Record Updated	Sep 14, 2023

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$3,090.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	3563 WESTON DR, AVON, OH 44011-3101

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	5855 BROOKE DR, WINNEMUCCA, NV 89445-6151

Mortgage

Document Number	2023004227
Date	Aug 28, 2023
Instrument	2023004227

Lender

Name	GRAY PROPERTIES LLC
Type	Non-Lending Institution

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

August 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	TRANSYLVANIA NC
Property Address	196 THE RPDS, SAPPHIRE, NC 28774-0015
Transaction Type	Mortgage
Record Updated	Dec 13, 2021
Title Company	TITLE365

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0008890223
Date	Aug 13, 2019
Book Page	889/223
Instrument	2019004049

Lender

Name	UNITED COMMUNITY BANK
Type	Bank
Address	CASHIERS, NC 28717

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	299 Months
Due	Jul 17, 2044

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

Tax Assessment & Valuation

Source: Transylvania County assessment roll, as of August 19, 2025

Property Jurisdictions

Type	Name
State	North Carolina
County	Transylvania County
Unified School District	Transylvania County Schools (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$7,249.00 (+37.32%)	$1,508,670 (+88.13%) Land $220,000 Building $1,288,670	$1,508,670 (+88.13%) Land $220,000 Building $1,288,670
2023	$5,279.00	$801,940 Land $220,000 Building $581,940	$801,940 Land $220,000 Building $581,940

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective June 26, 2017 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	4 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 64% of the US · above 49% of North Carolina
Wildfire Likelihood	0.04% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 45 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Comporium Cable	2,000 / 200
Verizon Fixed Wireless	300 / 20
T-Mobile Fixed Wireless	100 / 20

Cell Coverage

4G LTE only, no 5G reported

Nearby Properties on The Rapids

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures