$1,600,000
SOLD APR 20, 2023

205 Cherokee Rd Pinehurst, NC 28374

7 Beds
5 Baths
4,300 Sq Ft
0.31 Acres

Recently Sold

$372 Per Sq Ft

18% Below List Price

144 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • 2 Fireplaces
  • No HOA
  • Pinehurst Elementary School Rated A-
  • Furnished
  • 3-minute walk to Tufts Memorial Park

About This Home

As of April 2023

Nestled in the heart of the Village of Pinehurst, The Cottage Colony School House is steps away from shops, restaurants, and the famous Pinehurst Resort and golf courses. The home was built for Mr. Clyde Davis in 1917 and in 1918 Miss May Chapman purchased the property to open the Cottage Colony School. This beautiful home has been lovingly renovated and remodeled throughout with original heart pine floors, updated windows, and more. The gourmet kitchen boasts an island, chef grade appliances, and breakfast room with built-ins and wine fridge. Back door leads out to a charming patio with a vine covered pergola. Living room with fireplace and French doors lead into the Family Room which has a vaulted ceiling, slate floor, and second fireplace. Primary Bedroom on the main floor with adjacent office. Upstairs 5 additional bedrooms plus a loft area. Back bedroom floors were recently refinished and the bathroom was renovated. This property is turn-key at its finest! Fully furnished and currently a successful rental property managed by a local company. 205 Cherokee Road has a Transferable Pinehurst Country Club Charter Membership.

Last Agent to Sell the Property

Julia Lattarulo

Berkshire Hathaway HS Pinehurst Realty Group/PH License #317697 Listed on: 10/05/2022

Co-Listed By

Jennifer Nguyen

Berkshire Hathaway HS Pinehurst Realty Group/PH License #283495

Last Buyer's Agent

Scott Lincicome

Better Homes and Gardens Real Estate Lifestyle Property Partners License #232812

Better Homes and Gardens Real Estate Lifestyle Property Partners

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,812

Year Built

  • Built in 1917

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 90 x 135 x 80 x 60 x 80
  • Fenced Yard
  • Front Yard
  • Property is zoned R10

Home Design

  • Permanent Foundation
  • Wood Frame Construction
  • Composition Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 4,300 Sq Ft Home
  • 2-Story Property
  • Furnished
  • 2 Fireplaces
  • Formal Dining Room
  • Partial Basement
  • Kitchen Island

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 5 Full Bathrooms

Parking

  • 1 Car Detached Garage
  • Gravel Driveway

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • No Home Owners Association
  • Old Town Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00016179

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,812

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 1917
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Formal
  • Fireplace: 2
  • Heated Sq Ft: 4000 - 4499
  • Interior Amenities: 1st Floor Master, Furnished, Kitchen Island, Walk-In Closet
  • List Price per Sq Ft: 430.23
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 5
  • Total Bathrooms: 5.00
  • Bedrooms: 7
  • Number Rooms: 12
  • Sq Ft Heated: 4300.00
  • Total Heated Primary Separate Sq Ft: 4300.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Wood Siding
  • Fencing: Back Yard, Front Yard, Partial
  • Foundation: Permanent
  • Porch Balcony Deck: Patio
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Detached Garage Spaces: 1.00
  • Total Garage Spaces: 1.00
  • Parking Driveway: Gravel

Utilities

  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: See Remarks

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: See Remarks

Schools

  • School District: Moore County Schools

Lot Info

  • Deed Page: 211.00
  • Lot Acres: 0.31
  • Lot Dimensions: 90 x 135 x 80 x 60 x 80
  • Lot Sq Ft: 13504.00
  • Plat Book: 1
  • Plat Page: 64
  • Zoning: R10

Tax Info

  • Tax Identifier: 00016179
  • Tax Year: 2021
  • Total City Real Estate Property Tax: 2900.30
  • Total Real Estate Property Taxes: 7812.09

MLS Schools

  • School District: Moore County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2022
Closed on
Apr 4, 2023
Sold by
Monarch House Llc
Bought by
205 Cherokee Road Llc
Seller's Agent
Julia Lattarulo
KELLER WILLIAMS REALTY (PINEHURST)
Buyer's Agent
Scott Lincicome
BH&G REAL ESTATE - LIFESTYLE PROPERTY PARTNERS
List Price
$1,950,000
Sold Price
$1,600,000
Premium/Discount to List
-$350,000
-17.95%
Views
323
Current Estimated Value
$1,884,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,991
Avg. Annual Appreciation
6.95%
Original Mortgage
$1,067,000
Outstanding Balance
$1,038,624
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$846,367

Purchase Details

Listed on
Oct 19, 2018
Closed on
Nov 11, 2019
Sold by
Taylor John H and Taylor Carolyn M
Bought by
Monarch House Llc
Seller's Agent
Emily Hewson
Berkshire Hathaway HS Pinehurst Realty Group/PH
Buyer's Agent
Gloria Sectish
Sandhills Luxury Homes LLC
List Price
$920,000
Sold Price
$920,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.62%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $1,600,000 None Listed On Document
Warranty Deed $920,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,067,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2023 04/20/23 Sold $1,600,000 0.0% $372 / Sq Ft
04/20/2023 04/20/23 Sold $1,600,000 -13.5% $372 / Sq Ft
02/24/2023 02/24/23 Pending -- -- --
01/20/2023 01/20/23 Price Changed $1,850,000 -5.1% $430 / Sq Ft
11/30/2022 11/30/22 For Sale $1,950,000 0.0% $453 / Sq Ft
10/03/2022 10/03/22 For Sale $1,950,000 +112.0% $453 / Sq Ft
11/21/2019 11/21/19 Sold $920,000 0.0% $214 / Sq Ft
10/22/2019 10/22/19 Pending -- -- --
10/19/2018 10/19/18 For Sale $920,000 -- $214 / Sq Ft
Source: Hive MLS

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 $9,340 $1,631,480 $361,790 $1,269,690
2023 $9,748 $1,631,480 $361,790 $1,269,690
2022 $7,812 $935,580 $248,320 $687,260
2021 $8,093 $935,580 $248,320 $687,260
2020 $8,033 $933,360 $248,320 $685,040
2019 $8,033 $938,330 $248,320 $690,010
2018 $5,862 $732,730 $224,840 $507,890
2017 $5,789 $732,730 $224,840 $507,890
2015 $5,679 $732,730 $224,840 $507,890
2014 $7,487 $978,670 $181,840 $796,830
2013 -- $978,670 $181,840 $796,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100352455

Hive MLS

APN: 8562-09-06-9658