NOT LISTED FOR SALE

148 Indian Summer Ln Mill Spring, NC 28756

Estimated Value: $778,808 - $884,000

3 Beds
3 Baths
2,450 Sq Ft
$339/Sq Ft Est. Value

Last Sold November 04, 2022

Last sale price $700,000 $286 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,887/month

184 Days on Market

Highlights

  • Equestrian Center
  • Waterfront
  • Deck
  • New Construction
  • Community Lake
  • Private Lot

About This Home

As of November 2022

MOUNTAIN AND LAKE LIVING AT IT'S BEST! Enjoy this newly constructed home without the stress of the unknown cost and time of building. This home is located on the beautiful waters of Lake Adger with a PRIVATE FLOATING DOCK for your boating, swimming and fishing enjoyment. This home is built at the end of Indian Summer Lane at the cul-de-sac adding to it's privacy. This lovely home features a large open great room with a rock fireplace (gas logs) and large windows overlooking the deck and screened porch with lake views. The kitchen features custom hickory cabinets and granite counter tops. It has hardwood floors throughout. The home has 3 large bedrooms (master and another bedroom on main level) and 3 full bathrooms. The downstairs has an additional living area with a kitchenette, bedroom and bathroom all with a separate entrance. The basement has an additional 1000 ft of unfinished space. All of this with a newly constructed walkway leading to a PRIVATE DOCK.

Last Agent to Sell the Property

Rachel Smith

Jim Smith & Associates Inc License #165661 Listed on: 05/04/2022

Co-Listed By

Bryan 'Jimmy' Yelton

Jim Smith & Associates Inc License #329819

Last Buyer's Agent

Nichole Davis

Allen Tate/Beverly-Hanks Asheville-Biltmore Park License #301258

Allen Tate/Beverly-Hanks Asheville-Biltmore Park

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,291

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Waterfront
  • Cul-De-Sac
  • Private Lot
  • Paved or Partially Paved Lot
  • Zoning described as OPEN

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Hardboard

Interior Spaces

  • Ceiling Fan
  • Great Room with Fireplace
  • Screened Porch
  • Wood Flooring
  • Laundry Room

Kitchen

  • Self-Cleaning Oven
  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Utilities

  • Heat Pump System
  • Shared Well
  • Septic Tank

Additional Features

  • Deck
  • Equestrian Center

Listing and Financial Details

  • Assessor Parcel Number P54-113

Community Details

Overview

  • Ipm Association, Phone Number (828) 650-6875
  • Built by Rowe
  • Lake Adger Subdivision
  • Mandatory home owners association
  • Community Lake

Amenities

  • Picnic Area

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,291

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2022
  • Ratio Current Price By Acre: 564516.13
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Square Feet
  • Road Surface Type: Concrete
  • Structure Type: One Story Basement
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 285.71
  • Special Features: NewHome

Interior Features

  • Foundation Details: Basement, Basement Partially Finished
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Pantry, Walk-In Closet(s)
  • Fixture Exception Yn: 1
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1700
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 1000
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 1000
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Deck,Screened
  • Fixture Exception Description: Propane Tank
  • Appliances: Ceiling Fan(s), Dishwasher, Gas Range, Self Cleaning Oven
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 750
  • Fireplace Features: Gas Log, Great Room
  • Living Area: 2450
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • New Construction: Yes
  • Roof: Shingle
  • Construction Status: Complete
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Water Body Name: Lake Adger
  • Waterfront Features: Dock
  • Construction Type: Hardboard Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Attached Garage, Garage - 2 Car

Utilities

  • Heating: Heat Pump, Heat Pump
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: Equestrian Trails, Lake, Picnic Area, Walking Trails
  • Association Fee: 1000
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: IPM
  • Phone: 828-650-6875
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required
  • CAR_YearlyHOAExpense: 1000.00

Lot Info

  • Lot Features: Cul-De-Sac, Lake On Property, Lake Access, Paved, Private, Water View, Waterfront
  • Lot Size Area: 1.24
  • Lot Size Units: Acres
  • Parcel Number: P54-113
  • Zoning Description: OPEN
  • ResoLotSizeUnits: Acres

Building Info

  • Builder Name: Rowe

Tax Info

  • RATIO List Price By Tax Amount: 6.99000

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2022
Closed on
Nov 3, 2022
Sold by
Rowe David C and Rowe Barbara G
Bought by
Sutherland Paul L
Seller's Agent
Rachel Smith
Jim Smith & Associates Inc
Buyer's Agent
Nichole Davis
Allen Tate/Beverly-Hanks Asheville-Biltmore Park
List Price
$899,900
Sold Price
$700,000
Premium/Discount to List
-$199,900
-22.21%
Views
15
Current Estimated Value
$831,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,404
Avg. Annual Appreciation
6.20%

Purchase Details

Closed on
Aug 31, 2021
Sold by
Rowe David C and Rowe Barbara G
Bought by
Rowe David C and Rowe Curtis L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
3.87%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 8, 2019
Sold by
Gordin Stephen J and Gordin Sally A
Bought by
Rowe David C and Rowe Curtis L

Purchase Details

Closed on
Sep 29, 2005
Sold by
Stewart Evelyn G and Stewart Carl W
Bought by
Gordin Stephen J and Gordin Sally Ann

Purchase Details

Closed on
Jul 11, 2003
Bought by
Gordin Stephen J

Purchase Details

Closed on
Jul 31, 2001
Bought by
Gordin Stephen J

Purchase Details

Closed on
May 3, 2001
Bought by
Gordin Stephen J
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
Sutherland Paul L $700,000 --
Rowe David C -- None Available
Rowe David C $30,000 --
Gordin Stephen J $153,000 None Available
Gordin Stephen J $120,000 --
Gordin Stephen J $90,500 --
Gordin Stephen J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rowe David C $340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Sold $700,000 +0.1% $286 / Sq Ft
08/26/2022 08/26/22 Price Changed $699,000 -6.2% $285 / Sq Ft
08/04/2022 08/04/22 Price Changed $745,000 -6.3% $304 / Sq Ft
06/15/2022 06/15/22 Price Changed $795,000 -11.7% $324 / Sq Ft
05/04/2022 05/04/22 For Sale $899,900 -- $367 / 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
2024 $3,291 $512,046 $100,000 $412,046
2023 $3,291 $512,046 $100,000 $412,046
2022 $1,445 $226,364 $100,000 $126,364
2021 $610 $100,000 $100,000 $0
2020 $642 $100,000 $100,000 $0
2019 $643 $100,000 $100,000 $0
2018 $593 $100,000 $100,000 $0
2017 $596 $150,000 $150,000 $0
2016 $870 $150,000 $150,000 $0
2015 $840 $0 $0 $0
2014 $849 $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: 3856601

Canopy MLS (Canopy Realtor® Association)

APN: P54-113