NOT LISTED FOR SALE

118 Webbmont Rd Highlands, NC 28741

Estimated Value: $1,206,000 - $1,472,000

3 Beds
3.5 Baths
520 Sq Ft
$2,628/Sq Ft Est. Value

Last Sold January 26, 2018

Last sale price $669,000 $1,287 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $7,562/month

1 Day on Market

Highlights

  • Lake Front
  • Deck
  • Vaulted Ceiling
  • Docks
  • Wooded Lot
  • Outdoor Fireplace

About This Home

As of January 2018

Designer 3BR/3BA/1/2BA home overlooking largest lake in Highlands, NC, Lake Sequoyah with private dock. Three bedrooms with ensuite bathrooms. Private master suite spaciously located on entire second floor with lake views. Completely updated with new fixtures and furnishings throughout. Very active vacation rental on VRBO and Airbnb that is cash flow positive. Two small additional parcels in the lake, one with a small dock. 2 minutes to downtown Highlands. The cottage Journal article: http://ericrossinteriors.com/wp-content/uploads/2017/03/the-cottage-journal-winter-2017.pdf (copy and paste to browser) This turn key property comes fully furnished! This Storybook Cottage with designer luxury decor is lovingly decorated to accommodate 8 people in stylish comfort. Fireplaces indoors and on porch overlooking Lake Sequoyah make for a very cozy setting. Easy walking distance to local restaurant On the Verandah, and just 4 minutes drive to town, it puts Highlands fun right at hand. Amenities include, Great WiFi coverage, Smart Flat Screen Televisions, New Washer/Dryer, En Suite Bathrooms for each bedroom, 3 Fireplaces (2 Inside and 1 Outside), and a private dock on Lake Sequoyah. At 4118 feet in elevation Highlands, North Carolina has been nicknamed "the Aspen of the East." This amazing little enclave with charming main street, five star restaurants, and great shopping also happens to be nestled HIGH in the Blue Ridge mountains of North Carolina and on the southernmost plateau of the Appalachian Mountain Chain. The abundance of lakes and waterfalls provides its' visitors with ample opportunities to hike, picnic and enjoy the great outdoors. Home to the Old Edwards Inn and Spa, this town draws guests for destination weddings, girls getaways and family retreats, not to mention an abundance of great golf clubs. Downtown Highlands offers something for every kind of shopper with luxury clothing for men and women, as well as many wonderful restaurants!

Last Agent to Sell the Property

Sherman Pope

Berkshire Hathaway HomeServices Meadows Mountain Realty - CA Brokerage Phone: 8285268784 Listed on: 11/25/2017

Berkshire Hathaway HomeServices Meadows Mountain Realty - CA

Last Buyer's Agent

Sherman Pope

Berkshire Hathaway HomeServices Meadows Mountain Realty - CA Brokerage Phone: 8285268784 Listed on: 11/25/2017

Berkshire Hathaway HomeServices Meadows Mountain Realty - CA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,891

Year Built

  • Built in 1970

Lot Details

  • 0.66 Acre Lot
  • Lake Front
  • Fenced
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Garden

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Frame Construction
  • Shingle Roof
  • Wood Siding
  • Block Exterior

Interior Spaces

  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Workshop
  • Screened Porch
  • Wood Flooring
  • Lake Views
  • Dryer

Kitchen

  • Breakfast Bar
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Heated Basement
  • Walk-Out Basement
  • Interior and Exterior Basement Entry

Outdoor Features

  • Docks
  • Deck
  • Outdoor Fireplace
  • Fire Pit

Utilities

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

Community Details

  • No Home Owners Association
  • Tricemonters Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 7530659847

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,891

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.66
  • Subdivision Name: TriceMonters
  • Directions: From Highlands take Hwy. 64 West about 1.5 miles and turn right on Webbmont. Home is the second on the left.
  • Architectural Style: Bungalow, Craftsman
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1970
  • Attribution Contact: 8285268784
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Freezer, Disposal, Gas Oven, Microwave, Refrigerator, Washer
  • Has Basement: Exterior Entry, Heated, Interior Entry, Concrete, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Den, Insert, Living Room, Primary Bedroom, Outside, Wood Burning
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Separate/Formal Dining Room, Kitchen Island, Vaulted Ceiling(s), Workshop
  • Window Features: Window Treatments

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Partially Cleared, Rolling Slope, Wooded
  • View: Lake
  • View: Yes
  • Waterfront Features: Lake
  • Disclosures: Flood Plain Disclosure, Licensed Vacation Rental
  • Construction Type: Block, Frame, Wood Siding
  • Exterior Features: Dock, Fire Pit, Garden
  • Foundation Details: Block
  • Patio And Porch Features: Rear Porch, Covered, Deck, Screened
  • Roof: Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage, Two Car Garage, Garage Door Opener, Paved

Utilities

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

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Lot Info

  • Lot Size Sq Ft: 28749.6
  • Parcel #: 7530659847
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 2891.0
  • Tax Lot: 4
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2020
Sold by
Roostica Cottage Llc
Bought by
Blake Jennifer C
Current Estimated Value
$1,366,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Outstanding Balance
$445,428
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$920,906

Purchase Details

Closed on
Oct 2, 2019
Sold by
Martin John S and Martin Jennifer M
Bought by
Roostica Cottage Llc

Purchase Details

Listed on
Nov 25, 2017
Closed on
Jan 26, 2018
Sold by
Roostica Retreats Llc
Bought by
Martin John S and Martin Jennifer M
Seller's Agent
Sherman Pope
Berkshire Hathaway HomeServices Meadows Mountain Realty - CA
Buyer's Agent
Sherman Pope
Berkshire Hathaway HomeServices Meadows Mountain Realty - CA
List Price
$669,000
Sold Price
$669,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.76%
Original Mortgage
$500,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 2002
Sold by
Lewis William M Trustee
Bought by
Stewart Lewis M
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
Blake Jennifer C $670,000 None Available
Roostica Cottage Llc -- None Available
Martin John S $669,000 None Available
Stewart Lewis M $463,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blake Jennifer C $502,500
Previous Owner Martin John S $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2018 01/26/18 Sold $669,000 0.0% $1,287 / Sq Ft
11/27/2017 11/27/17 Pending -- -- --
11/25/2017 11/25/17 For Sale $669,000 +48.7% $1,287 / Sq Ft
10/14/2015 10/14/15 Sold $450,000 -18.2% $865 / Sq Ft
10/06/2015 10/06/15 Pending -- -- --
05/03/2014 05/03/14 For Sale $550,000 -- $1,058 / Sq Ft
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 $4,163 $1,033,260 $363,780 $669,480
2024 $4,167 $1,033,260 $363,780 $669,480
2023 $4,845 $1,034,150 $363,780 $670,370
2022 $4,845 $807,640 $431,890 $375,750
2021 $4,845 $807,640 $431,890 $375,750
2020 $4,640 $807,640 $431,890 $375,750
2018 $2,891 $533,700 $265,320 $268,380
2017 $2,891 $533,700 $265,320 $268,380
2016 $2,814 $519,090 $265,320 $253,770
2015 $2,791 $519,090 $265,320 $253,770
2014 $2,519 $558,740 $220,180 $338,560
2013 -- $558,740 $220,180 $338,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 87250

APN: 7530659847