NOT LISTED FOR SALE

1243 S Cove Rd Mill Spring, NC 28756

Estimated Value: $1,025,000 - $1,198,000

3 Beds
4.5 Baths
3,610 Sq Ft
$299/Sq Ft Est. Value

Last Sold November 16, 2017

Last sale price $605,000 $168 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $6,095/month

317 Days on Market

Highlights

  • Boat Ramp
  • Waterfront
  • Wooded Lot
  • Equestrian Center
  • Community Lake
  • Cathedral Ceiling

About This Home

As of November 2017

Waterfront on Lake Adger with deep water dock and mountain views. Immaculate home. A 10 mile drive to Tryon Equestrian Center. Three levels of living space with endless windows to enjoy the view. Two levels of decks overlooking the water. The perfect home for entertaining. On main level, formal and informal dining areas, living room, pantry, laundry room, half bath, screened porch and master suite. Downstairs a second kitchen, great room, more bedrooms and baths. Third-level billiard room.

Last Agent to Sell the Property

Carol Parker

Tryon Horse & Home LLC License #285152 Listed on: 11/02/2016

Last Buyer's Agent

Debra Morris

CENTURY 21 Mountain Lifestyles License #270522

CENTURY 21 Mountain Lifestyles

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • Waterfront
  • Wooded Lot
  • Many Trees

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • Attached Garage
  • Gravel Driveway

Interior Spaces

  • Cathedral Ceiling
  • Gas Log Fireplace
  • Pull Down Stairs to Attic
  • Walk-In Pantry

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Whirlpool Bathtub

Horse Facilities and Amenities

  • Equestrian Center

Utilities

  • Heating System Uses Propane
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number P55-209

Community Details

Overview

  • Lake Adger Poa, Phone Number (828) 650-6875
  • Community Lake

Recreation

  • Boat Ramp
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

0

HOA Fees

$83 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.93149
  • Ratio Close Price By Original Li: 0.93149
  • Ratio Current Price By Acre: 441605.84
  • Ratio Current Price By Sq Ft: 167.59
  • Year Built: 2003
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Outside Entrance, Basement Partially Finished, Concrete
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), CO Detector, Cable Prewire, Cooktop Electric, Dryer, Dishwasher, Electric Range, Exhaust Fan, Refrigerator, Self Cleaning Oven, Security System, Washer, Electric Oven
  • Fireplace Description: FAMILYRM, Gas Logs, Living Room, Propane
  • Fireplace: Yes
  • Fixture Exception Description: Butcher block island
  • Fixture Exception Yn: Yes
  • Flooring: Tile, Wood, Laminate Wood
  • H O A Management Phone: 828-650-6875
  • Interior Amenities: Attic Stairs Pulldown, Basement Shop, Built-Ins, Cable Available, Cathedral Ceiling(s), Walk-In Closet(s), Whirlpool, Walk-In Pantry
  • Laundry Location: Main, Laundry Room
  • Room Count: 3
  • Second Living Quarters: Upper Level Garage
  • Second Living Quarters Sq Ft: 484
  • Sq Ft Basement: 1770
  • Main Level Sq Ft: 1840
  • Total Sq Ft: 3610
  • Sq Ft Unheated Basement: 1770
  • Sq Ft Unheated Main: 574
  • Sq Ft Unheated Total: 2828
  • Sq Ft Unheated Upper: 484

Exterior Features

  • Construction: Hardboard Siding
  • Construction Type: Site Built
  • Exterior Features: Boat Slip (Deed)
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Asphalt, Gravel
  • Parking: Attached Garage, Driveway, Garage - 2 Car, Garage Door Opener, Parking Space - 4+

Utilities

  • Heating: Central Air, Heat Pump - AC, Heat Pump - Heat, Propane
  • Sewer: Septic Tank
  • Water: Community Well
  • Water Heater: Propane

Condo/Co-op/Association

  • Community Features: Boat Ramp, Equestrian Trails, Lake, Walking Trails
  • Association Fee: 1000.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Lake Adger POA
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Features: Mountain View, Waterfront, Water view, Artificial Waterfall, Lake Access, Sloping, Trees, Wooded, Year Round View
  • Parcel Number: P55-209
  • Zoning: Residential
  • Zoning Specification: OPEN

Tax Info

  • Tax Value: 413262.00
  • Tax Amount Ncm: 2682.64
  • Tax Location: Polk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 13, 2021
Sold by
Hummels Michael R and Hummels Betii A
Bought by
Hummels Michael R and Hummels Beth A
Current Estimated Value
$1,080,210

Purchase Details

Listed on
Nov 2, 2016
Closed on
Nov 15, 2017
Sold by
Cobb Carolyn
Bought by
Hummels Michael R and Hummels Beth A
Seller's Agent
Carol Parker
Tryon Horse & Home LLC
Buyer's Agent
Debra Morris
CENTURY 21 Mountain Lifestyles
List Price
$649,500
Sold Price
$605,000
Premium/Discount to List
-$44,500
-6.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Original Mortgage
$484,000
Outstanding Balance
$405,890
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$674,320

Purchase Details

Closed on
Dec 31, 1997
Bought by
Cobb Donald L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hummels Michael R -- None Available
Hummels Michael R $605,000 None Available
Cobb Donald L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hummels Michael R $484,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2017 11/16/17 Sold $605,000 -6.9% $168 / Sq Ft
09/15/2017 09/15/17 Pending -- -- --
11/02/2016 11/02/16 For Sale $649,500 -- $180 / 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 $4,839 $947,991 $150,000 $797,991
2024 $4,401 $688,026 $90,000 $598,026
2023 $4,401 $688,026 $90,000 $598,026
2022 $4,092 $688,026 $90,000 $598,026
2021 $4,092 $688,026 $90,000 $598,026
2020 $2,641 $413,263 $100,000 $313,263
2019 $2,641 $413,263 $100,000 $313,263
2018 $2,559 $413,263 $100,000 $313,263
2017 $2,497 $463,928 $195,000 $268,928
2016 $2,821 $463,928 $195,000 $268,928
2015 $2,683 $0 $0 $0
2014 $2,683 $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: CAR3227857

Canopy MLS (Canopy Realtor® Association)

APN: P55-209