NOT LISTED FOR SALE

14 Old Cave Ln Cullowhee, NC 28723

Estimated Value: $3,466,000 - $3,838,000

3 Beds
5.5 Baths
-- Sq Ft
1.23 Acres

Last Sold May 10, 2024

Last sale price $3,525,000

Est. 4% increase in value since last sale

Current estimated payment $20,126/month

39 Days on Market

Highlights

  • Lake Front
  • Panoramic View
  • Community Lake
  • Docks
  • Gated Community
  • Deck

About This Home

As of May 2024

Stunning Lake Glenville home with panoramic views! Located behind the gates of Summer Hill, this spacious lakefront home offers ample living space with 3 bedrooms, 2 bonus rooms, and 5.5 baths. Magnificent Lake Glenville views from almost every room! The main level of the home features a large great room with a stacked-stone wood burning fireplace and gorgeous window wall overlooking the lake and mountains beyond, a fully appointed kitchen with stainless steel appliances, the primary bedroom suite complete with separate his/hers closets, two additional guest bedroom suites, and an oversized covered porch with vaulted ceilings and a brand new wood burning fireplace. The lower level of the home offers a generous second living area complete with kitchenette, two bonus rooms with en suite baths for your overflow guests, and an additional covered porch overlooking Lake Glenville. Laundry rooms are located on both levels of the home for added convenience. On the exterior, you'll find a newly constructed stairway leading from the home down to your private boat dock (brand new in 2023). Many recent upgrades have been made to the home, including the addition of fiber optic cable which is currently being installed throughout Summer Hill. This one is a must-see!

Last Agent to Sell the Property

Sam Lupas

Landmark Realty Group - Frank Allen, Cashiers Brokerage Phone: 8287430510 Listed on: 03/23/2024

Last Buyer's Agent

Chuck Self

Silver Creek Real Estate Group, Inc. License #274065

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,909

Year Built

  • Built in 2001

Lot Details

  • 1.23 Acre Lot
  • Lake Front
  • Lot Has A Rolling Slope

Property Views

  • Lake
  • Panoramic
  • Mountain

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • Home Security System
  • Partially Finished Basement

Kitchen

  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Docks
  • Deck
  • Covered Patio or Porch
  • Outdoor Fireplace

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Private Water Source
  • Septic Tank

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 7554-92-5958

Community Details

Overview

  • Property has a Home Owners Association
  • Summer Hill Subdivision
  • Community Lake

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,909

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.23
  • Road Surface Type: Paved
  • Water Body Name: Lake Glenville
  • Subdivision Name: Summer Hill
  • Directions: From Cashiers, take Hwy 107N to N. Norton Road. Continue on N. Norton Road and keep right at the fork. Continue to Lloyd Hooper Road on your right. Follow Lloyd Hooper Road to the entrance of Summer Hill on your right (call LA for gate code). Go through gate and follow the main road to Old Cave Lane on your left. Take first driveway on your right. House #14 will be straight ahead.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2001
  • Attribution Contact: 8287430510
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dishwasher, Disposal, Gas Oven, Refrigerator, Wine Cooler
  • Has Basement: Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Outside
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Garden Tub/Roman Tub, Kitchen Island, Walk-In Closet(s)

Exterior Features

  • Lot Features: Partially Cleared, Rolling Slope
  • View: Lake, Mountain(s), Panoramic
  • View: Yes
  • Waterfront Features: Lake, Deeded Access
  • Construction Type: Frame
  • Exterior Features: Dock, Satellite Dish
  • Patio And Porch Features: Rear Porch, Covered, Deck
  • Roof: Metal

Garage/Parking

  • Parking Features: Other, Paved, Parking Lot

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Security System, Gated Community
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: High Speed Internet Available
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: Lake, Water Access, Gated
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 53578.8
  • Parcel #: 7554-92-5958
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 9909.09
  • Tax Lot: 9
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2024
Closed on
May 10, 2024
Sold by
3015 Euclid Llc
Bought by
G And D Revocable Trust and Bomar
Seller's Agent
Sam Lupas
Landmark Realty Group - Frank Allen, Cashiers
Buyer's Agent
Chuck Self
Silver Creek Real Estate Group, Inc.
List Price
$3,650,000
Sold Price
$3,525,000
Premium/Discount to List
-$125,000
-3.42%
Views
17
Current Estimated Value
$3,655,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,782
Avg. Annual Appreciation
2.14%

Purchase Details

Listed on
Dec 21, 2020
Closed on
Mar 12, 2021
Sold by
Henderson John David and Henderson Martina Louise
Bought by
3015 Euclid Llc
Seller's Agent
Keven Hawkins
Landmark Realty Group - Frank Allen, Cashiers
Buyer's Agent
Sam Lupas
Landmark Realty Group - Frank Allen, Cashiers
List Price
$2,695,000
Sold Price
$2,480,000
Premium/Discount to List
-$215,000
-7.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.81%

Purchase Details

Listed on
Sep 11, 2019
Closed on
Mar 10, 2020
Sold by
Tyler Scott and Tyler Andrea C
Bought by
Henderson John David and Henderson Martina Louise
Seller's Agent
Ray Trine
Silver Creek Real Estate Group, Inc.
Buyer's Agent
Keven Hawkins
Landmark Realty Group - Frank Allen, Cashiers
List Price
$1,900,000
Sold Price
$1,825,000
Premium/Discount to List
-$75,000
-3.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.08%
Original Mortgage
$1,000,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2008
Sold by
Tyler Andrea C and Tyler Scott
Bought by
Tyler Scott
Source: Public Records
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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
G And D Revocable Trust $3,525,000 None Listed On Document
3015 Euclid Llc $2,480,000 None Available
Henderson John David $1,825,000 None Available
Tyler Scott -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Henderson John David $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2024 05/10/24 Sold $3,525,000 -3.4% --
05/02/2024 05/02/24 Pending -- -- --
03/23/2024 03/23/24 For Sale $3,650,000 +47.2% --
03/18/2021 03/18/21 Sold $2,480,000 -8.0% -- View Prior Sale
02/19/2021 02/19/21 Pending -- -- --
12/21/2020 12/21/20 For Sale $2,695,000 +47.7% --
03/10/2020 03/10/20 Sold $1,825,000 -3.9% -- View Prior Sale
03/09/2020 03/09/20 Pending -- -- --
09/11/2019 09/11/19 For Sale $1,900,000 -- --
Source: Highlands-Cashiers Board of REALTORS®

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 $13,475 $3,546,003 $1,000,000 $2,546,003
2024 $9,081 $2,389,860 $750,000 $1,639,860
2023 $9,909 $2,389,860 $750,000 $1,639,860
2022 $9,909 $2,389,860 $750,000 $1,639,860
2021 $6,907 $1,817,540 $750,000 $1,067,540
2020 $6,559 $1,605,400 $850,000 $755,400
2019 $6,559 $1,605,400 $850,000 $755,400
2018 $6,559 $1,605,400 $850,000 $755,400
2017 $6,398 $1,605,400 $850,000 $755,400
2015 $5,099 $1,605,400 $850,000 $755,400
2011 -- $1,682,950 $1,000,000 $682,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 103945

APN: 7554-92-5958