NOT LISTED FOR SALE

31 W Forest Way Highlands, NC 28741

Estimated Value: $983,312 - $1,292,000

3 Beds
3 Baths
1,848 Sq Ft
$594/Sq Ft Est. Value

Last Sold March 18, 2019

Last sale price $525,000 $284 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $6,111/month

67 Days on Market

Highlights

  • View of Trees or Woods
  • Deck
  • Cathedral Ceiling
  • Community Lake
  • Wooded Lot
  • Wood Flooring

About This Home

As of March 2019

Nestled on a wooded lot at an elevation of over 4000 feet in the Great Smokey Mountains, this 10 year old cottage will sweep you away. There is a stair-less entry to the main floor, which makes this home easily accessible. 3 bedrooms and baths, with a master on the main floor and upstairs. The living room, dining room and kitchen are open and focus on a beautiful stacked stone fireplace that has gas logs or could be converted to wood-burning. Details are well thought out with custom cherry cabinets and built-ins, granite counters, stainless appliances, hardwood floors and stained glass front door. The upstairs loft provides another sitting area as well as a home office space. Sliding doors open to the deck where you can enjoy some mountain view, or you can relax on the covered porch. This home is currently in a rental program with excellent rental history. It is being sold turn-key - completely furnished down to linens and silverware with the exception of some personal art and accessories. The inspection has already been completed. This is the best buy in Wildwood Forest and with future rentals booked, you will have income to cover expenses.

Last Agent to Sell the Property

CARL ROMBERG

Christie's International Real Estate Highlands-Cashiers Brokerage Phone: 8285264663 License #289175 Listed on: 11/02/2018

Last Buyer's Agent

Doug Helms

Christie's International Real Estate Highlands-Cashiers

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,684

Year Built

  • Built in 2008

Lot Details

  • 0.36 Acre Lot
  • Wooded Lot

HOA Fees

  • $83 Monthly HOA Fees

Property Views

  • Woods
  • Mountain

Home Design

  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Partially Furnished
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Dryer

Kitchen

  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Basement

  • Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Shared Well
  • Septic Tank
  • Cable TV Available

Community Details

  • Wildwood Forest Subdivision
  • Community Lake

Listing and Financial Details

  • Tax Lot 3C
  • Assessor Parcel Number 7551451179

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,684

Year Built

Built in 2008

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.36
  • Road Surface Type: Gravel
  • Subdivision Name: Wildwood Forest
  • Directions: Hwy 64E to first Wildwood Mountain entrance. Straight at stop sign, bear right at Wildwood Forest entrance. Go past pond and take a left on West Forest Way. Cottage is the last one on the right.
  • Architectural Style: Bungalow
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One and One Half
  • New Construction: No
  • Year Built: 2008
  • Attribution Contact: 8285264663
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Appliances: Dryer, Dishwasher, Electric Oven, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space, Exterior Entry, Encapsulated
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Living Room, Stone, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Cathedral Ceiling(s), Kitchen Island, Walk-In Closet(s)
  • Window Features: Window Treatments

Exterior Features

  • Lot Features: Level, Wooded
  • View: Mountain(s), Seasonal View, Trees/Woods
  • View: Yes
  • Disclosures: Licensed Vacation Rental
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Block
  • Patio And Porch Features: Covered, Deck, Porch
  • Roof: Shingle

Garage/Parking

  • Parking Features: Gravel, Other, Parking Lot

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: Lake
  • Association Fee: 1000.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 15681.6
  • Parcel #: 7551451179
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 1684.0
  • Tax Lot: 3C
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2018
Closed on
Mar 18, 2019
Sold by
Galt Melissa
Bought by
Clinton Tom and Clinton Rhonda
Seller's Agent
CARL ROMBERG
Christie's International Real Estate Highlands-Cashiers
Buyer's Agent
Doug Helms
Christie's International Real Estate Highlands-Cashiers
List Price
$549,500
Sold Price
$525,000
Premium/Discount to List
-$24,500
-4.46%
Current Estimated Value
$1,098,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$573,328
Avg. Annual Appreciation
11.91%
Original Mortgage
$345,000
Outstanding Balance
$303,314
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$795,014

Purchase Details

Closed on
Jun 12, 2008
Sold by
Cimarron Builders Inc
Bought by
Galt Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 8, 2008
Sold by
Cimarron Homes Inc
Bought by
Cimarron Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,750
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage
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
Clinton Tom $525,000 None Available
Galt Melissa $495,000 None Available
Cimarron Builders Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clinton Tom $345,000
Previous Owner Galt Melissa $417,000
Previous Owner Cimarron Builders Inc $364,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2019 03/18/19 Sold $525,000 -4.5% $284 / Sq Ft
02/25/2019 02/25/19 Pending -- -- --
11/02/2018 11/02/18 For Sale $549,500 -- $297 / Sq Ft
Source: Highlands-Cashiers Board of REALTORS®

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 $2,179 $712,180 $123,220 $588,960
2024 $2,014 $712,180 $123,220 $588,960
2023 $1,858 $655,120 $123,220 $531,900
2022 $1,858 $406,940 $85,190 $321,750
2021 $1,858 $406,940 $85,190 $321,750
2020 $1,755 $406,940 $85,190 $321,750
2018 $1,684 $441,750 $78,470 $363,280
2017 $0 $441,750 $78,470 $363,280
2016 $1,684 $441,750 $78,470 $363,280
2015 $1,661 $441,750 $78,470 $363,280
2014 $1,784 $594,550 $180,170 $414,380
2013 -- $594,550 $180,170 $414,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 89707

APN: 7551451179