$2,860,000
SOLD OCT 15, 2012

123 Summit Ln Hendersonville, TN 37075

7 Beds
11 Baths
17,321 Sq Ft
4.06 Acres

Recently Sold

$165 Per Sq Ft

238,233% Above List Price

Highlights

  • Lake Front
  • Docks
  • Deck
  • Indian Lake Elementary School Rated A-
  • 4.06 Acre Lot
  • Living Room with Fireplace

About This Home

As of June 2021

Fabulous gated lake front estate with panoramic views & private dock. Grand entry. Walnut hardwoods. Walnut paneled library. Kit w/double islands open to bkfst & fam rms. Elevator. Theatre. Rec rm w/wall that opens to terrace and lake.

Last Agent to Sell the Property

Laura Baugh

Onward Real Estate Brokerage Phone: 6153303051 License #264753 Listed on: 03/05/2012

Onward Real Estate

Last Buyer's Agent

Laura Stroud

French King Fine Properties License # 312925

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,157

Year Built

  • Built in 2007

Lot Details

  • 4.06 Acre Lot
  • Lake Front
  • Level Lot
  • Irrigation

Parking

  • 5 Car Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • Property has 3 Levels
  • Wet Bar
  • Central Vacuum
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • 5 Fireplaces
  • Den with Fireplace
  • <<doubleOvenToken>>
  • Finished Basement

Flooring

  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

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

Outdoor Features

  • Docks
  • Deck

Schools

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

Utilities

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

Community Details

  • Cumberland Hills Sec. P Subdivision

Listing and Financial Details

  • Assessor Parcel Number 169D B 01400 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,157

Year Built

Built in 2007

Lot Details

0

Parking

5

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2007
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built Details: APROX
  • ResoPropertyType: Residential
  • Attribution Contact: 6153303051
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Ceiling Fan(s), Central Vacuum, In-Law Floorplan, Wet Bar, Entry Foyer, Primary Bedroom Main Floor
  • Appliances: Double Oven, Electric Oven, Cooktop
  • Fireplace Features: Den, Living Room, Wood Burning
  • Fireplace: Yes
  • Fireplaces: 5
  • Flooring: Carpet, Wood, Marble, Tile
  • Total Bedrooms: 7
  • Main Level Bedrooms: 1
  • Full Bathrooms: 8
  • Half Bathrooms: 3
  • Has Basement: Finished
  • Above Grade Finished Sq Ft: 12198
  • Below Grade Sq Ft: 5123
  • Building Area Units: Square Feet
  • Living Area: 17321
  • Living Area Units: Square Feet

Exterior Features

  • Exterior Features: Dock, Garage Door Opener, Irrigation System, Balcony
  • Construction Type: Brick, Wood Siding
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront Features: Lake Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 5
  • Garage Spaces: 5
  • Garage Yn: Yes
  • Parking Features: Garage Faces Side, Concrete
  • 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
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 4.06
  • Lot Size Units: Acres
  • Parcel #: 169D B 01400 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 19157

MLS Schools

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

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $6,300,000 Chapman & Rosenthal Ttl Inc
Warranty Deed $2,860,000 Chapman & Rosenthal Title
Quit Claim Deed -- Hallmark Title Company
Warranty Deed $725,000 Hallmark Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,040,000 New Conventional
Previous Owner $3,510,000 New Conventional
Previous Owner $3,500,000 Adjustable Rate Mortgage/ARM
Previous Owner $2,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $3,000,000 Purchase Money Mortgage
Previous Owner $1,200,000 Stand Alone Second
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: 1343652

Realtracs

APN: 169D-B-014.00