NOT LISTED FOR SALE

1237 S Cove Rd Unit LOT6 Mill Spring, NC 28756

Estimated Value: $796,283 - $1,091,000

4 Beds
3.5 Baths
2,410 Sq Ft
$381/Sq Ft Est. Value

Last Sold September 18, 2018

Last sale price $575,000 $239 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,211/month

446 Days on Market

Highlights

  • Equestrian Center
  • Open Floorplan
  • Arts and Crafts Architecture
  • Waterfront
  • Community Lake
  • Cathedral Ceiling

About This Home

As of September 2018

PRICE Reduction !!! LAKE ADGER AT IT's FINEST! TURN KEY! Peaceful retreat with deeded deep water boat dock. Some of the finest views and perfect sunset viewings from 2 lake facing Porches. Open concept living with beautiful Hardwood flooring on Main level with real stacked stone fireplace and a Large Master Suite. Lower Level Stained Concrete Flooring and 3 more bedroom with Great Room, wine room and wet bar, with real stacked stone gas fireplace. Home has a 4 Bedroom Septic installed, 3rd bedroom downstairs has no egress. 2 Covered Porch overlooking the most beautiful section of Lake Adger. High end furnishings and some artwork are Included, giving you a turn key property to enjoy!. The driveway has been newly paved. Perfect for full time home or retreat for everyday life. Best of both worlds, Lake and Mountain Views. This is a must see if you are looking to be on the lake and in the mountains and still want your privacy.
http://tours.opendoorphoto.com/762857?idx=1

Last Agent to Sell the Property

Adrienne Reilly

NorthGroup Real Estate LLC License #289586 Listed on: 05/12/2017

NorthGroup Real Estate LLC

Last Buyer's Agent

Thomas McKay

Pinnacle Sothebys International Realty

Pinnacle Sothebys International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • 1.96

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • Gravel Driveway

Home Design

  • Arts and Crafts Architecture

Interior Spaces

  • Open Floorplan
  • Cathedral Ceiling
  • Fireplace
  • Insulated Windows
  • Pull Down Stairs to Attic

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • Garden Bath

Additional Features

  • Shed
  • Waterfront
  • Equestrian Center

Listing and Financial Details

  • Assessor Parcel Number P55-211

Community Details

Overview

  • Association Phone (828) 650-6875
  • Built by August Construction
  • Community Lake

Recreation

  • Recreation Facilities
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Arts and Crafts
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.96639
  • Ratio Close Price By Original Li: 0.82378
  • Ratio Current Price By Acre: 293367.35
  • Ratio Current Price By Sq Ft: 238.59
  • Year Built: 2006
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance, Concrete
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Doors and Windows: Insulated Windows, Screen Door(s)
  • Equipment: Ceiling Fan(s), Convection Oven, Dishwasher, Dryer, Microwave, Exhaust Hood, Refrigerator, Security System, Self Cleaning Oven, Washer
  • Fireplace Description: FAMILYRM, Living Room
  • Fireplace: Yes
  • Flooring: Concrete, Wood
  • H O A Management Phone: 828-650-6875
  • Interior Amenities: Attic Stairs Pulldown, Cathedral Ceiling(s), Garden Tub, Open Floorplan
  • Laundry Location: Main
  • Room Count: 2
  • Sq Ft Basement: 1135
  • Main Level Sq Ft: 1275
  • Total Sq Ft: 2410
  • Sq Ft Unheated Basement: 140
  • Sq Ft Unheated Total: 140

Exterior Features

  • Construction: Cedar Shake
  • Construction Type: Site Built
  • Exterior Features: Shed(s)

Garage/Parking

  • Driveway: Concrete, Gravel
  • Parking: Carport - 2 Car

Utilities

  • Green Building Features: g-Low VOC Coatings
  • Heating: Heat Pump - AC, Heat Pump - Heat, Multizone A/C, MultiZone Heat
  • Sewer: Septic Tank
  • Water: Shared Well
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Equestrian Trails, Lake, Recreation Area, Walking Trails
  • Association Fee: 1000.00
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Sunnyview
  • Middle School: Polk
  • High School: Polk

Lot Info

  • Lot Features: Cul-de-sac Lot, Mountain View, Waterfront, Water view, Lake Access, Long Range View, Views, Year Round View
  • Lot Size Area: 1.960
  • Parcel Number: P55-211
  • Zoning: Residential
  • Zoning Specification: MU

Building Info

  • Builder Name: August Construction

Tax Info

  • Tax Value: 422117.00
  • Tax Amount Ncm: 2599.36
  • Tax Location: Polk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 27, 2019
Sold by
Morgan Loren G and Morgan Kristen L
Bought by
Graham Reid Investments
Current Estimated Value
$917,821

Purchase Details

Listed on
May 12, 2017
Closed on
Sep 18, 2018
Sold by
Hellams Daniel F and Hellams Rene C
Bought by
Morgan Loren G and Morgan Kristen L
Seller's Agent
Adrienne Reilly
NorthGroup Real Estate LLC
Buyer's Agent
Thomas McKay
Pinnacle Sothebys International Realty
List Price
$698,000
Sold Price
$575,000
Premium/Discount to List
-$123,000
-17.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.82%
Original Mortgage
$315,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 7, 2004
Bought by
Hellams Daniel F

Purchase Details

Closed on
Dec 31, 1997
Bought by
Hellams Daniel F
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
Graham Reid Investments -- Chicago Title
Morgan Loren G $575,000 --
Hellams Daniel F $224,000 --
Hellams Daniel F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morgan Loren G $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2018 09/18/18 Sold $575,000 -3.4% $239 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
07/19/2018 07/19/18 Price Changed $595,000 -4.8% $247 / Sq Ft
07/07/2018 07/07/18 Price Changed $625,000 -3.7% $259 / Sq Ft
05/30/2018 05/30/18 Price Changed $649,000 -7.0% $269 / Sq Ft
05/12/2017 05/12/17 For Sale $698,000 -- $290 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $3,311 $648,714 $187,500 $461,214
2024 $2,782 $434,842 $112,500 $322,342
2023 $2,782 $434,842 $112,500 $322,342
2022 $2,573 $434,842 $112,500 $322,342
2021 $2,599 $434,842 $112,500 $322,342
2020 $2,050 $319,461 $100,000 $219,461
2019 $2,050 $319,461 $100,000 $219,461
2018 $1,986 $319,461 $100,000 $219,461
2017 $1,938 $422,117 $195,000 $227,117
2016 $2,605 $422,117 $195,000 $227,117
2015 $2,444 $0 $0 $0
2014 $2,444 $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3277595

Canopy MLS (Canopy Realtor® Association)

APN: P55-211