$1,195,000
SOLD JUN 27, 2024

1131 S Cove Rd Mill Spring, NC 28756

5 Beds
4.5 Baths
4,308 Sq Ft
2.68 Acres

Recently Sold

$277 Per Sq Ft

20% Below List Price

273 Days on Market

Highlights

  • Water Views
  • Access To Lake
  • Deck
  • Docks
  • Open Floorplan
  • Private Lot

About This Home

As of June 2024

Nestled in the spectacular mountains of Western North Carolina, with sparkling lake water shimmering below, lies this majestic home that beckons for warm summer days and crisp, cool nights with family and friends. The long, private driveway will lead you to your perfect retreat. Just close your eyes and imagine the oasis of possibility that awaits you with the best of both worlds - mountain views and lakeside living. Spend your days exploring the water embarking from your private floating dock and personal alcove beach area, or cap off the evening with laughter and conversation around a mesmerizing fire. Enjoy the ease of entertaining indoors and outdoors with ample, comfortable living spaces throughout. When it’s time to turn in for the night, there is plenty of room to spread out, relax and dream about tomorrow’s adventures. This home is guaranteed to turn your dreams into a reality. Take advantage of this opportunity to live the life you choose!

Last Agent to Sell the Property

Sarah Smith

Allen Tate/Beverly-Hanks Hendersonville Brokerage Email: sarah.smith@allentate.com License #242676

Allen Tate/Beverly-Hanks Hendersonville

Last Buyer's Agent

Susan Stroman

Premier Properties of the Carolinas License #173650

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,004

Year Built

  • Built in 2010

Lot Details

  • Private Lot
  • Sloped Lot
  • Wooded Lot
  • Property is zoned OU

HOA Fees

  • $108 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Property Views

  • Water
  • Mountain

Home Design

  • Traditional Architecture
  • Stone Siding
  • Hardboard

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Bar Fridge
  • Vaulted Ceiling
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Screened Porch

Kitchen

  • Breakfast Bar
  • Double Oven
  • Electric Cooktop
  • Range Hood
  • Warming Drawer
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Garden Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Natural lighting in basement

Outdoor Features

  • Access To Lake
  • Waterfront has a Concrete Retaining Wall
  • Docks
  • Deck
  • Fire Pit

Schools

  • Polk Central Elementary School
  • Polk Middle School
  • Polk High School

Utilities

  • Heat Pump System
  • Propane
  • Shared Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • Ipm Management Association, Phone Number (828) 650-6875
  • Lake Adger Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number P55-213
  • Tax Block 1 / B

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,004

Year Built

Built in 2010

Lot Details

0

HOA Fees

$108 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2010
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 277.39
  • Geocode Confidence: High
  • Attribution Contact: sarah.smith@allentate.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Other - See Remarks
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Built-in Features, Entrance Foyer, Garden Tub, Open Floorplan, Pantry, Storage, Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1815
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 628
  • Sq Ft Unheated Total: 628
  • Sq Ft Upper: 1375
  • Appliances: Bar Fridge, Dishwasher, Double Oven, Dryer, Electric Cooktop, Electric Water Heater, Exhaust Hood, Microwave, Refrigerator, Warming Drawer, Washer
  • Other Equipment: Fuel Tank(s)
  • Above Grade Finished Sq Ft: 3190
  • Has Basement: Daylight, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1118
  • Fireplace Features: Family Room, Gas Log, Living Room
  • Living Area: 4308
  • Bedroom Main: 1
  • Room Count: 10
  • Bedroom Basement: 2

Exterior Features

  • Exterior Features: Fire Pit, Dock
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Mountain(s), Water
  • Water Body Name: Lake Adger
  • Waterfront Features: Boat Ramp – Community, Dock, Retaining Wall
  • Construction Type: Hardboard Siding, Stone
  • Patio And Porch Features: Covered, Deck, Front Porch, Porch, Rear Porch, Screened

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 796
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, Garage Door Opener

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Laundry Room, Main Level, Sink
  • Cooling: Heat Pump
  • Utilities: Propane
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: Lake Access
  • Association Fee: 1300
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: IPM MANAGEMENT
  • Phone: 828-650-6875
  • ResoAssociationFeeFrequency: Annually
  • Association Email: IPMHOA.COM

Association/Amenities

  • Association Annual Expense: 1300.00

Schools

  • Middle Or Junior School: Polk
  • HOA Subject To: Required

Lot Info

  • Lot Features: Flood Plain/Bottom Land, Private, Sloped, Wooded, Views, Waterfront
  • Lot Size Area: 2.68
  • Lot Size Units: Acres
  • Parcel Number: P55-213
  • ResoLotSizeUnits: Acres
  • Zoning Specification: OU

Tax Info

  • Tax Block: 1 / B

MLS Schools

  • Elementary School: Polk Central
  • High School: Polk

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2024 06/27/24 Sold $1,195,000 -16.1% $277 / Sq Ft
05/17/2024 05/17/24 Price Changed $1,424,500 -4.7% $331 / Sq Ft
03/17/2024 03/17/24 Price Changed $1,495,500 -0.3% $347 / Sq Ft
08/29/2023 08/29/23 For Sale $1,500,000 -- $348 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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
2024 $4,004 $625,987 $90,000 $535,987
2023 $4,004 $625,987 $90,000 $535,987
2022 $3,726 $625,987 $90,000 $535,987
2021 $3,726 $625,987 $90,000 $535,987
2020 $3,006 $471,069 $100,000 $371,069
2019 $3,006 $471,069 $100,000 $371,069
2018 $2,912 $471,069 $100,000 $371,069
2017 $2,841 $578,516 $195,000 $383,516
2016 $3,479 $578,516 $195,000 $383,516
2015 $3,337 $0 $0 $0
2014 $3,337 $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $548,250 New Conventional
Previous Owner $63,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $495,000 New Conventional
Previous Owner $417,000 New Conventional
Previous Owner $108,000 Stand Alone Second
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,195,000 None Listed On Document
Warranty Deed $170,000 --
Deed -- --
Deed -- --
Source: Public Records

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4063232

Canopy MLS (Canopy Realtor® Association)

APN: P55-213