NOT LISTED FOR SALE

123 Summit Ln Hendersonville, TN 37075

Estimated Value: $5,008,000 - $8,255,000

7 Beds
11 Baths
20,121 Sq Ft
$351/Sq Ft Est. Value

Last Sold June 17, 2021

Last sale price $6,300,000 $313 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $40,654/month

104 Days on Market

Highlights

  • In Ground Pool
  • Waterfront
  • Marble Flooring
  • Indian Lake Elementary School Rated A-
  • 4.06 Acre Lot
  • Separate Formal Living Room

About This Home

As of June 2021

Stunning home on an exclusive four+ acre gated waterfront estate! Home is naturally light and airy, with magnificent views from every window. Quiet wooded cul-de-sac, private dock w/lifts, saltwater pool, two spas, home theater... so much more!

Last Agent to Sell the Property

Jack Miller

Onward Real Estate License #271284 Listed on: 01/05/2021

Onward Real Estate

Last Buyer's Agent

Jack Miller

Onward Real Estate License #271284 Listed on: 01/05/2021

Onward Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,244

Year Built

  • Built in 2007

Lot Details

  • 4.06 Acre Lot
  • Waterfront
  • Property is Fully Fenced
  • Level Lot
  • Irrigation

Parking

  • 5 Car Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • Property has 3 Levels
  • Wet Bar
  • Central Vacuum
  • Ceiling Fan
  • Separate Formal Living Room
  • Dryer
  • Finished Basement

Kitchen

  • <<microwave>>
  • Ice Maker
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 7 Bedrooms | 1 Main Level Bedroom
  • In-Law or Guest Suite

Pool

  • In Ground Pool

Schools

  • Indian Lake Elementary School
  • Robert E Ellis Mid Middle School
  • Hendersonville High School

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas
  • Septic Tank

Community Details

  • No Home Owners Association
  • Cumberland Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 083169D B 01400 00005169D

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,244

Year Built

Built in 2007

Lot Details

0

Parking

5

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2007
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Ceiling Fan(s), Central Vacuum, In-Law Floorplan, Wet Bar, Wood Burning Fireplace
  • Appliances: Disposal, Dryer, Ice Maker, Refrigerator, Microwave
  • Fireplace: No
  • Flooring: Carpet, Finished Wood, Marble
  • Total Bedrooms: 7
  • Main Level Bedrooms: 1
  • Full Bathrooms: 8
  • Half Bathrooms: 3
  • Has Basement: Finished
  • Above Grade Finished Sq Ft: 14298
  • Below Grade Sq Ft: 5823
  • Building Area Units: Square Feet
  • Living Area: 20121
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Garage Door Opener, Irrigation System
  • Construction Type: Brick, Wood Siding
  • Fencing: Full
  • Pool Features: In Ground
  • Pool Private: Yes
  • Roof: Shingle
  • View: No
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 5
  • Garage Spaces: 5
  • Garage Yn: Yes
  • Parking Features: Attached - Side, Aggregate
  • Total Parking Spaces: 5

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Electric, Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas, Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 4.06
  • Lot Size Units: Acres
  • Parcel #: 083169D B 01400 00005169D
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 19244

MLS Schools

  • Elementary School: Indian Lake Elementary
  • High School: Hendersonville High School
  • Middle Or Junior School: Robert E Ellis Mid

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2021
Closed on
Jun 18, 2021
Sold by
Mccready Mary Ann and Mjp 82 Trust
Bought by
Ruthland Shores Llc
Seller's Agent
Jack Miller
Onward Real Estate
Buyer's Agent
Jack Miller
Onward Real Estate
List Price
$7,499,000
Sold Price
$6,300,000
Premium/Discount to List
-$1,199,000
-15.99%
Current Estimated Value
$7,067,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$767,380
Avg. Annual Appreciation
1.95%
Original Mortgage
$5,040,000
Outstanding Balance
$3,977,290
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$2,840,158

Purchase Details

Listed on
Mar 5, 2012
Closed on
Oct 12, 2012
Sold by
Luckey David J and Luckey Kimberly M
Bought by
Sontag Michael D
Seller's Agent
Laura Baugh
Onward Real Estate
Buyer's Agent
Laura Stroud
French King Fine Properties
List Price
$1,200
Sold Price
$2,860,000
Premium/Discount to List
$2,858,800
238233.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.52%

Purchase Details

Closed on
Jan 29, 2007
Sold by
Southeastern Building Corp
Bought by
Luckey David J and Luckey Kimberly M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2004
Sold by
Graham R Steven and Madelyn B Graham Sg Trust
Bought by
Southeastern Building Corp
Source: Public Records

Range of Values:

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Average Value
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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
Ruthland Shores Llc $6,300,000 Chapman & Rosenthal Ttl Inc
Sontag Michael D $2,860,000 Chapman & Rosenthal Title
Luckey David J -- Hallmark Title Company
Southeastern Building Corp $725,000 Hallmark Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruthland Shores Llc $5,040,000
Previous Owner Sontag Michael D $3,510,000
Previous Owner Sontag Michael D $3,500,000
Previous Owner Mccready Mary Ann $2,000,000
Previous Owner Luckey David J $3,000,000
Previous Owner Southeastern Building Corp $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2021 06/17/21 Sold $6,300,000 -16.0% $313 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
01/05/2021 01/05/21 For Sale $7,499,000 +162.2% $373 / Sq Ft
06/06/2014 06/06/14 Off Market $2,860,000 -- --
06/03/2014 06/03/14 For Sale $1,200 -100.0% $0 / Sq Ft
10/15/2012 10/15/12 Sold $2,860,000 -- $165 / Sq Ft
Source: Realtracs

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
2024 $18,113 $1,274,650 $430,200 $844,450
2023 $31,941 $1,005,100 $469,525 $535,575
2022 $32,041 $1,005,100 $469,525 $535,575
2021 $32,041 $1,005,100 $469,525 $535,575
2020 $32,041 $1,005,100 $469,525 $535,575
2019 $32,041 $0 $0 $0
2018 $19,244 $0 $0 $0
2017 $19,244 $0 $0 $0
2016 $19,244 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2217663

Realtracs

APN: 169D-B-014.00