NOT LISTED FOR SALE

194 Watershed Way Horse Shoe, NC 28742

Estimated Value: $1,719,000 - $2,062,793

3 Beds
3.5 Baths
4,131 Sq Ft
$445/Sq Ft Est. Value

Last Sold November 15, 2022

Last sale price $1,800,000 $436 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $10,661/month

53 Days on Market

Highlights

  • Clubhouse
  • Private Lot
  • Mud Room
  • Mills River Elementary School Rated A-
  • Old World Architecture
  • Recreation Facilities

About This Home

As of November 2022

Meticulously designed and maintained light filled 3 BR, 3.5 BA custom home built by Palladium Builders with Pisgah Mountain Views, situated on 1.47+/- acres at the gated community of The Homestead at Mills River. Conveniently located 15 minutes from the Asheville airport and close to South Asheville, Hendersonville and Brevard. Nature, privacy and convenience come together in this lovely home featuring an open floor plan with dining overlooking the mountains and chef’s kitchen including Thermador appliances. A serene master suite with a luxurious bathroom, two custom closets plus a private study. The lower level offers 2 guest suites and spacious family room. Expansive areas for outdoor entertaining, a 2-car garage and fenced yard. This home features high end geothermal heating and cooling, interior and exterior lighting, professional landscaping and charming curb appeal. The Homestead at Mills River boasts the River Reserve with clubhouse. Seller desires lease back.

Last Agent to Sell the Property

Art Fisher

Fisher Realty - 10 Park Place License #169780 Listed on: 09/23/2022

Last Buyer's Agent

Rosie Dugan

Berkshire Hathaway HomeServices License #306384

Berkshire Hathaway HomeServices

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,937

Year Built

  • Built in 2014

Lot Details

  • Fenced
  • Private Lot
  • Corner Lot

HOA Fees

  • $142 Monthly HOA Fees

Home Design

  • Old World Architecture
  • Stone Siding
  • Stucco

Interior Spaces

  • Built-In Features
  • Mud Room
  • Living Room with Fireplace
  • Home Security System

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Warming Drawer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • ENERGY STAR Qualified Dryer
  • Dryer
  • ENERGY STAR Qualified Washer

Parking

  • Attached Garage
  • Driveway

Outdoor Features

  • Balcony

Utilities

  • Zoned Heating
  • Geothermal Heating and Cooling
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 9611-82-3289

Community Details

Overview

  • Ipm Corporation Association, Phone Number (828) 650-6875
  • Built by Palladium Builders
  • The Homestead At Mills River Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area
  • Clubhouse

Recreation

  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,937

Year Built

Built in 2014

Lot Details

0

HOA Fees

$142 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Old World, Other
  • Year Built: 2014
  • Ratio Current Price By Acre: 1224489.80
  • Restrictions: Architectural Review,Building,Deed,Livestock Restriction,Manufactured Home Not Allowed,Modular Not Allowed,Square Feet,Subdivision,Use
  • Doors and Windows: g-Insulated Door(s),Insulated Windows
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete
  • Structure Type: One Story Basement
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 435.73
  • Special Features: None

Interior Features

  • Foundation Details: Basement Outside Entrance, Basement Partially Finished
  • Fireplace: Yes
  • Interior Amenities: Breakfast Bar, Built Ins, Drop Zone
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2357
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 187
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 187
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Back,Balcony,Covered
  • Appliances: Cable Prewire, Gas Cooktop, Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Dryer, Gas Oven, Gas Range, Natural Gas, Oven, Refrigerator, Security System, Warming Drawer, Washer, Other
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1774
  • Fireplace Features: Living Room
  • Living Area: 4131
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Fence, Other
  • New Construction: No
  • Roof: Shingle
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Waterfront Features: Other
  • Waterfront Elevation: 2000
  • Construction Type: Stucco, Stone

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 713
  • Parking Features: Attached Garage, Driveway, Garage - 2 Car

Utilities

  • Heating: Gas Hot Air Furnace, Geothermal, Multizone A/C, Zoned, Natural Gas, See Remarks
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Main Level, Laundry Room
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Gated, Picnic Area, Recreation Area, Other
  • Association Fee: 1700
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: IPM Corporation
  • Phone: 828-650-6875
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required
  • HOA Email: ipmhoa.com
  • CAR_YearlyHOAExpense: 1700.00

Lot Info

  • Lot Features: Corner Lot, Mountain View, Private, Views, Year Round View, See Remarks
  • Lot Size Area: 1.47
  • Lot Size Units: Acres
  • Parcel Number: 9611-82-3289
  • Plat Book Slide: 9048
  • Zoning Description: None
  • ResoLotSizeUnits: Acres

Building Info

  • Builder Name: Palladium Builders

Tax Info

  • RATIO List Price By Tax Amount: 2.87400

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
Sep 23, 2022
Closed on
Nov 2, 2022
Sold by
Sankey Harvey J and Sankey Rebecca K
Bought by
Jones Joe Henry and Jones Mary Frances
Seller's Agent
Art Fisher
Fisher Realty - 10 Park Place
Buyer's Agent
Rosie Dugan
Berkshire Hathaway HomeServices
List Price
$1,875,000
Sold Price
$1,800,000
Premium/Discount to List
-$75,000
-4%
Views
7
Current Estimated Value
$1,839,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,598
Avg. Annual Appreciation
0.79%
Original Mortgage
$250,000
Outstanding Balance
$236,808
Interest Rate
5.89%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,602,790

Purchase Details

Closed on
Sep 16, 2013
Sold by
Homestead Development Part
Bought by
Sankey Harvey J and Sankey Rebecca K
Source: Public Records

Range of Values:

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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
Jones Joe Henry $1,800,000 --
Sankey Harvey J $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sankey Harvey J $250,000
Previous Owner Sankey Harvey J $548,250
Previous Owner Sankey Harvey J $672,000
Previous Owner Sankey Harvey J $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2022 11/15/22 Sold $1,800,000 -4.0% $436 / Sq Ft
09/23/2022 09/23/22 For Sale $1,875,000 -- $454 / 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 $5,937 $1,118,000 $83,100 $1,034,900
2024 $5,937 $1,118,000 $83,100 $1,034,900
2023 $5,937 $1,118,000 $83,100 $1,034,900
2022 $4,378 $652,400 $66,100 $586,300
2021 $4,378 $652,400 $66,100 $586,300
2020 $4,378 $652,400 $0 $0
2019 $4,378 $652,400 $0 $0
2018 $4,026 $614,600 $0 $0
2017 $4,026 $614,600 $0 $0
2016 $4,026 $614,600 $0 $0
2015 -- $614,600 $0 $0
2014 -- $99,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3906518

Canopy MLS (Canopy Realtor® Association)

APN: 1005813