NOT LISTED FOR SALE

125 N Mountain Ln Mill Spring, NC 28756

Estimated Value: $855,436 - $1,083,000

3 Beds
4 Baths
3,529 Sq Ft
$287/Sq Ft Est. Value

Last Sold March 18, 2020

Last sale price $540,000 $153 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $5,684/month

377 Days on Market

Highlights

  • Equestrian Center
  • Contemporary Architecture
  • Wood Flooring
  • Community Lake
  • Hilly Lot
  • Attached Garage

About This Home

As of March 2020

Natural setting in private mountain community on Lake Adger! Custom home built my Herman Thomas, includes spacious master suite with lake and mountain views. Master provides two closets and a tremendous bath with heated bathroom floors, jet tub and step-in tile shower. Main Level has open floor plan, vaulted ceilings, a spacious kitchen with custom cabinets and kitchen island, gas stove, stainless appliances and granite counter tops. Large laundry on the main. Lower level has an extraordinary entertainment/recreation/billiards area and is the perfect spot for fun with family, friends and/or kids. Long-range and Year Round views of the quaint cove, the lake and mountain ranges from the screened in porch, double decks, living room and multiple bedrooms. Home has generator and has space allocated for elevator if desired. Located on 2.75 acre lot with 150+/- feet of lake frontage on a private cove with direct lake access, a private dock and cleared shoreline.

Last Agent to Sell the Property

Danielle Thuot

Ivester Jackson Blackstream License #301611 Listed on: 02/07/2019

Co-Listed By

Stephen Duncan

Howard Hanna Beverly-Hanks Asheville-Downtown License #123844

Last Buyer's Agent

Chrystal Anthony

Howard Hanna Beverly-Hanks License #287774

Howard Hanna Beverly-Hanks

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2013

Lot Details

  • 2.75

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Contemporary Architecture

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Garden Bath

Additional Features

  • Gas Log Fireplace
  • Hilly Lot
  • Equestrian Center
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number PS4-44

Community Details

Overview

  • Ipm Association, Phone Number (828) 650-6875
  • Community Lake

Recreation

  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2013

Lot Details

0

HOA Fees

$83 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Contemporary
  • Ratio Close Price By List Price: 0.97297
  • Ratio Close Price By Original Li: 0.86400
  • Ratio Current Price By Acre: 196363.64
  • Ratio Current Price By Sq Ft: 153.02
  • Year Built: 2013
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Fully Finished
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bathrooms: 4.00
  • Total Bedrooms: 3
  • Doors and Windows: Screen Door(s), Storm Window(s)
  • Equipment: Cable Prewire
  • Fireplace Description: FAMILYRM, Gas Logs
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • H O A Management Phone: 828-650-6875
  • Interior Amenities: Garden Tub
  • Laundry Location: Main
  • Room Count: 2
  • Lower Level Sq Ft: 1682
  • Main Level Sq Ft: 1847
  • Total Sq Ft: 3529

Exterior Features

  • Construction: Fiber Cement, Stone Veneer
  • Construction Type: Site Built

Garage/Parking

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

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat, Multizone A/C, MultiZone Heat
  • Sewer: Septic Installed
  • Water: Shared Well
  • Water Heater: g-On-Demand Water Heater

Condo/Co-op/Association

  • Community Features: Equestrian Facilities, Equestrian Trails, Lake, Walking Trails
  • Association Fee: 1000.00
  • Association Fee Frequency: Annually
  • HOA Management Company: IPM
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Features: Hilly, Lake Access, Mountain View, Paved Frontage, Water view, Year Round View
  • Parcel Number: PS4-44
  • Zoning Specification: RES

Tax Info

  • Tax Value: 387242.00
  • Tax Location: Polk

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2019
Closed on
Mar 18, 2020
Sold by
Krause Edward B and Krause Jean N
Bought by
Riggs Leslie S and Riggs Jason P
Seller's Agent
Danielle Thuot
Ivester Jackson Blackstream
Buyer's Agent
Chrystal Anthony
Howard Hanna Beverly-Hanks
List Price
$625,000
Sold Price
$540,000
Premium/Discount to List
-$85,000
-13.6%
Current Estimated Value
$1,012,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$472,609
Avg. Annual Appreciation
11.49%
Original Mortgage
$432,000
Outstanding Balance
$381,868
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$630,741

Purchase Details

Closed on
Feb 18, 2011
Sold by
Esack Richard and Esack Ann
Bought by
Krause Edward B and Krause Jean N

Purchase Details

Closed on
Jul 14, 2004
Bought by
Krause Edward B

Purchase Details

Closed on
Aug 5, 2003
Bought by
Krause Edward B

Purchase Details

Closed on
Sep 20, 2000
Bought by
Krause Edward B
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
Riggs Leslie S $540,000 None Available
Krause Edward B $135,000 None Available
Krause Edward B $152,500 --
Krause Edward B $140,000 --
Krause Edward B $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riggs Leslie S $432,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2020 03/18/20 Sold $540,000 -2.7% $153 / Sq Ft
02/19/2020 02/19/20 Pending -- -- --
01/15/2020 01/15/20 Price Changed $555,000 -3.5% $157 / Sq Ft
08/13/2019 08/13/19 Price Changed $575,000 -1.7% $163 / Sq Ft
07/16/2019 07/16/19 Price Changed $585,000 -1.7% $166 / Sq Ft
05/23/2019 05/23/19 Price Changed $595,000 -0.5% $169 / Sq Ft
04/04/2019 04/04/19 Price Changed $598,000 -2.8% $169 / Sq Ft
03/25/2019 03/25/19 Price Changed $615,000 -1.6% $174 / Sq Ft
02/07/2019 02/07/19 For Sale $625,000 -- $177 / 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 $3,554 $707,397 $175,000 $532,397
2024 $3,437 $534,751 $100,000 $434,751
2023 $3,437 $534,751 $100,000 $434,751
2022 $3,365 $534,751 $100,000 $434,751
2021 $3,365 $534,751 $100,000 $434,751
2020 $2,546 $387,242 $100,000 $287,242
2019 $2,573 $387,242 $100,000 $287,242
2018 $2,355 $387,242 $100,000 $287,242
2017 $2,379 $446,781 $180,000 $266,781
2016 $2,650 $446,781 $180,000 $266,781
2015 $2,563 $0 $0 $0
2014 $2,563 $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: CAR3472467

Canopy MLS (Canopy Realtor® Association)

APN: P54-44