NOT LISTED FOR SALE

1073 Franklin Rd Highlands, NC 28741

Estimated Value: $1,083,000 - $1,287,000

2 Beds
2 Baths
-- Sq Ft
0.3 Acres

Last Sold March 02, 2020

Last sale price $598,500

Est. 102% increase in value since last sale

Current estimated payment $6,703/month

Highlights

  • Lake Front
  • Fitness Center
  • Built-In Refrigerator
  • Docks
  • Spa
  • Community Lake

About This Home

As of March 2020

This recently renovated cottage offers everything you are looking for. It is in town, on Mirror Lake, has excellent rental history, and was recently updated yet maintains the "old Highlands charm". Two bedrooms and baths, living room with stone fireplace and a large sun room with dining and seating areas. Exceptional details like oak hardwood floors, vaulted and tray ceilings, and antique light fixtures, heated bath floors and custom window treatments. The professional kitchen has custom cabinets, a built in refrigerator, dual fuel range and farm sink. Outdoor features include a deck overlooking the lake with a private dock just a few steps down; as well as a hot tub on the terrace and beautifully landscaped setting. There is a separate garage with secure boat storage just off the lake below. Zoned R-2 which allows short term rentals, with VRBO history beginning in 2017 exceeding $60,000 in gross rentals per year. Any rentals booked within six months of closing must be honored. This is a true turn-key sale being fully furnished with very few exceptions.

Last Agent to Sell the Property

CARL ROMBERG

Christie's International Real Estate Highlands-Cashiers Brokerage Phone: 8285264663 License #289175 Listed on: 02/09/2020

Last Buyer's Agent

Sherman Pope

Berkshire Hathaway HomeServices Meadows Mountain Realty - CA

Berkshire Hathaway HomeServices Meadows Mountain Realty - CA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,824

Year Built

  • Built in 1956

Lot Details

  • 0.3 Acre Lot
  • Lake Front
  • Lot Has A Rolling Slope
  • Garden

Parking

  • 1 Car Garage

Home Design

  • Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Furnished
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Stone Fireplace
  • Fireplace Features Masonry
  • Window Treatments
  • Living Room with Fireplace
  • Lake Views
  • Dryer

Kitchen

  • Eat-In Kitchen
  • Recirculated Exhaust Fan
  • Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Basement

  • Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • Spa
  • Docks
  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 7530947615

Community Details

Overview

  • No Home Owners Association
  • Dobson Ridge Subdivision
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,824

Year Built

Built in 1956

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.3
  • Road Surface Type: Paved
  • Water Body Name: Mirror Lake
  • Subdivision Name: Dobson Ridge
  • Directions: From Main Street, take the Franklin Road/Hwy 64W. 1073 will be on the right, several curves after Mirror Lake Road. Pull down the drive and back into the parking space.
  • Architectural Style: Bungalow
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1956
  • Attribution Contact: 8285264663
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Furnished
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Built-In Refrigerator, Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Range, Washer
  • Has Basement: Crawl Space, Exterior Entry, Concrete
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Living Room, Masonry, Stone
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Tray Ceiling(s), Ceiling Fan(s), Eat-in Kitchen, Vaulted Ceiling(s)
  • Window Features: Window Treatments

Exterior Features

  • Lot Features: Rolling Slope
  • Pool Features: Community
  • View: Lake
  • View: Yes
  • Waterfront Features: Lake, Deeded Access
  • Disclosures: Flood Plain Disclosure, Licensed Vacation Rental
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Dock, Garden, Satellite Dish
  • Foundation Details: Block
  • Patio And Porch Features: Rear Porch, Deck, Front Porch, Other, Patio
  • Roof: Metal

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Garage, One Car Garage, Gravel, Other, Parking Lot

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas, Heat Pump, Multi-Fuel
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Lake, Playground, Pool, Tennis Court(s), Trails/Paths, Water Access
  • Association: No

Lot Info

  • Lot Size Sq Ft: 13068.0
  • Parcel #: 7530947615
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2824.0
  • Tax Lot: 3
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2020
Sold by
Norton Aaron E and Norton Cheryl M
Bought by
Innovate Holdings Llc
Current Estimated Value
$1,209,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,170
Outstanding Balance
$293,354
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$915,936

Purchase Details

Listed on
Feb 9, 2020
Closed on
Feb 24, 2020
Sold by
Highlands Mirror Lake Llc
Bought by
Norton Aaron E and Norton Cheryl M
Seller's Agent
CARL ROMBERG
Christie's International Real Estate Highlands-Cashiers
Buyer's Agent
Sherman Pope
Berkshire Hathaway HomeServices Meadows Mountain Realty - CA
List Price
$598,500
Sold Price
$598,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.46%
Original Mortgage
$448,875
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2018
Sold by
Galves Daniel and Galves Eileen
Bought by
Highlands Mirror Lake Llc

Purchase Details

Listed on
Jun 23, 2015
Closed on
Jun 27, 2017
Sold by
Meuser Veronica
Bought by
Galves Daniel and Galves Eileen
Seller's Agent
Pat Allen
Allen Tate/Pat Allen Realty Group
Buyer's Agent
CARL ROMBERG
Christie's International Real Estate Highlands-Cashiers
List Price
$675,000
Sold Price
$538,000
Premium/Discount to List
-$137,000
-20.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.33%

Purchase Details

Closed on
Nov 19, 2007
Sold by
Anderson Walter E and Anderson Jane D
Bought by
Whitelaw Robert S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
5.93%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Innovate Holdings Llc $705,000 None Available
Norton Aaron E $598,500 None Available
Highlands Mirror Lake Llc -- None Available
Galves Daniel $538,000 None Available
Whitelaw Robert S $460,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Innovate Holdings Llc $328,170
Previous Owner Norton Aaron E $448,875
Previous Owner Whitelaw Robert S $368,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2020 03/02/20 Sold $598,500 0.0% --
02/24/2020 02/24/20 Pending -- -- --
02/09/2020 02/09/20 For Sale $598,500 +11.2% --
06/29/2017 06/29/17 Sold $538,000 -20.3% --
06/23/2017 06/23/17 Pending -- -- --
06/25/2015 06/25/15 For Sale $675,000 +17.4% --
11/15/2013 11/15/13 Sold $575,000 -17.7% --
10/14/2013 10/14/13 Pending -- -- --
07/24/2013 07/24/13 For Sale $699,000 -- --
Source: Highlands-Cashiers Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $907,070 $366,360 $540,710
2024 $3,805 $907,070 $366,360 $540,710
2023 $3,587 $907,070 $366,360 $540,710
2022 $3,587 $564,640 $340,800 $223,840
2021 $3,587 $593,140 $340,800 $252,340
2020 $3,437 $593,140 $340,800 $252,340
2018 $2,544 $467,610 $274,500 $193,110
2017 $0 $467,610 $274,500 $193,110
2016 $2,544 $467,610 $274,500 $193,110
2015 $2,521 $467,610 $274,500 $193,110
2014 $2,334 $516,420 $364,800 $151,620
2013 -- $516,420 $364,800 $151,620
Source: Public Records

Agents Affiliated with this Home

  • CARL ROMBERG

    Seller's Agent in 2020

    CARL ROMBERG

    Christie's International Real Estate Highlands-Cashiers

    (678) 936-9309

    31 in this area

    37 Total Sales

    CARL ROMBERG
    Section Image
  • Sherman Pope

    Buyer's Agent in 2020

    Sherman Pope

    Berkshire Hathaway HomeServices Meadows Mountain Realty - CA

    (828) 342-4277

    10 in this area

    37 Total Sales

    Sherman Pope
    Section Image
  • Pat Allen

    Seller's Agent in 2017

    Pat Allen

    Allen Tate/Pat Allen Realty Group

    (828) 200-9179

    92 in this area

    109 Total Sales

    Pat Allen
    Section Image
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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 92863

APN: 7530947615

North Carolina Macon County Highlands 28741

1073 Franklin Rd, Highlands, NC

This home is located at 1073 Franklin Rd, Highlands, NC 28741 since 09 February 2020 and is currently estimated at $1,209,290. This property was built in 1956. 1073 Franklin Rd is a home located in Macon County with nearby schools including Highlands School, Macon Middle School, and Mountain View Intermediate School.

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