NOT LISTED FOR SALE

3515 Horse Cove Rd Highlands, NC 28741

Estimated Value: $607,000 - $723,728

3 Beds
2 Baths
-- Sq Ft
0.46 Acres

Last Sold March 03, 2020

Last sale price $340,000

Est. 100% increase in value since last sale

Current estimated payment $3,813/month

182 Days on Market

Highlights

  • Mountain View
  • Furnished
  • Screened Porch
  • Wood Flooring
  • No HOA
  • Double Oven

About This Home

As of March 2020

Authentic Horse Cove mountain cottage maintains all the original charm & has been updated with high quality modern kitchen, baths & other modern-day conveniences. Horse Cove is a magical Highlands neighborhood located 3 miles/7 mins from the hustle & bustle of Main St. but has maintained a charm that can only be found in a genuine mountain neighborhood that has been developed over decades rather than on a developer's drafting table. This is the real deal! “Folks care about & watch after each other in Horse Cove & we welcome all to become a part of our special place in time” recently said a neighbor when told about the cottage being on the market. This 3 bed/2 bath home has been updated with care to maintain the character of this 1935 cottage. The master bedroom is on main with 2 large bedrooms & a bath upstairs. The kitchen has been completely remodeled & features lovely granite countertops & modern backsplash along with stainless steel appliances all of which complement the original charm of the home. The dining room French doors open leading out onto a side patio for grilling, dining or simply enjoying the cool mountain breezes. The living room, with wood burning fireplace which has been equipped with gas logs, opens to charmingly wonderful original stone floor front porch which begs the homes occupants to come outside & sit a spell on the front porch to enjoy the views of the mountain, listen to the creek across the road or perhaps enjoy the Sunday hymn singing at the Church in the Wildwood right down the road. This kind of charm and character cannot be purchased in a newly developed subdivision which has been labeled a cove. It must be created over decades of afternoons on the front porch with neighbors, Horse Cove picnics, singings & afternoons playing in the snow. This home offers a great rental income history & has resulted in a 4.7 rating on VRBO. The home sits on .46 acres with a fenced level back yard which is great for games on the lawn or gardening.

Last Agent to Sell the Property

Steve Sheppard

Allen Tate - Cashiers Brokerage Phone: 8285268784 Listed on: 07/10/2019

Allen Tate - Cashiers

Co-Listed By

Richard Harrison

Allen Tate - Cashiers Brokerage Phone: 8285268784

Last Buyer's Agent

Mary Abranyi

Berkshire Hathaway HomeServices Meadows Mountain Realty - HF

Berkshire Hathaway HomeServices Meadows Mountain Realty - HF

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,056

Year Built

  • Built in 1935

Lot Details

  • 0.46 Acre Lot
  • Fenced
  • Garden

Home Design

  • Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Furnished
  • Ceiling Fan
  • Fireplace Features Masonry
  • Living Room with Fireplace
  • Screened Porch
  • Mountain Views
  • Crawl Space
  • Dryer

Kitchen

  • Double Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Spring water is a source of water for the property
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 7459274226

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,056

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.46
  • Road Surface Type: Paved
  • Co List Office Mls Id: 214
  • Co List Office Phone: 828-526-8784
  • Subdivision Name: None
  • Directions: From Main Street Highlands head towards Biological Center/Sunset Rock and continue on Horse Cove Rd. Three miles from Highlands Library, home will be on the right.
  • Architectural Style: Cottage
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One and One Half
  • New Construction: No
  • Year Built: 1935
  • Attribution Contact: 8285268784
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Appliances: Double Oven, Dryer, Dishwasher, Disposal, Gas Oven, Ice Maker, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space, Dirt Floor
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Living Room, Masonry
  • Fireplace: Yes
  • Flooring: Vinyl, Wood
  • Interior Amenities: Ceiling Fan(s), Separate/Formal Dining Room, Pantry

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level
  • View: Mountain(s)
  • View: Yes
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Garden, Satellite Dish
  • Patio And Porch Features: Covered, Front Porch, Patio, Porch, Screened, Side Porch
  • Roof: Metal

Garage/Parking

  • Parking Features: None, Paved

Utilities

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

Condo/Co-op/Association

  • Community Features: Trails/Paths
  • Association: No

Lot Info

  • Lot Size Sq Ft: 20037.6
  • Parcel #: 7459274226
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 1056.0
  • Tax Lot: n/a
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2019
Closed on
Mar 2, 2020
Sold by
Tsuga Rill Properties Llc
Bought by
Davis Timothy R
Seller's Agent
Steve Sheppard
Allen Tate - Cashiers
Buyer's Agent
Mary Abranyi
Berkshire Hathaway HomeServices Meadows Mountain Realty - HF
List Price
$369,000
Sold Price
$340,000
Premium/Discount to List
-$29,000
-7.86%
Current Estimated Value
$678,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,682
Avg. Annual Appreciation
13.44%
Original Mortgage
$340,000
Outstanding Balance
$302,326
Interest Rate
3.6%
Mortgage Type
VA
Estimated Equity
$376,356

Purchase Details

Closed on
May 11, 2016
Sold by
Rhoney Stephen Neal
Bought by
Tsuga Rill Properties Llc

Purchase Details

Closed on
Oct 4, 2011
Sold by
Franklin Frances R and Nelson Josephine H
Bought by
Dumas Susan C
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Davis Timothy R $340,000 None Available
Tsuga Rill Properties Llc -- Attorney
Dumas Susan C $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Timothy R $340,000
Previous Owner Dumas Susan C $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2020 03/03/20 Sold $340,000 -7.9% --
02/11/2020 02/11/20 Pending -- -- --
07/10/2019 07/10/19 For Sale $369,000 +60.4% --
11/18/2015 11/18/15 Sold $230,000 -16.4% $184 / Sq Ft
10/05/2015 10/05/15 Pending -- -- --
03/16/2015 03/16/15 For Sale $275,000 -- $220 / 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
2024 $1,469 $466,590 $98,320 $368,270
2023 $1,244 $466,590 $98,320 $368,270
2022 $1,244 $264,300 $55,570 $208,730
2021 $1,244 $264,300 $55,570 $208,730
2020 $1,178 $264,300 $55,570 $208,730
2018 $1,056 $267,120 $108,330 $158,790
2017 $0 $267,120 $108,330 $158,790
2016 $1,056 $267,120 $108,330 $158,790
2015 $1,033 $267,120 $108,330 $158,790
2014 $986 $317,270 $96,050 $221,220
2013 -- $317,270 $96,050 $221,220
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 91463

APN: 7459274226