NOT LISTED FOR SALE

358 Chips Ln Cullowhee, NC 28723

Estimated Value: $862,000 - $1,245,000

4 Beds
3 Baths
-- Sq Ft
7.9 Acres

Last Sold May 23, 2022

Last sale price $789,000

Est. 24% increase in value since last sale

Current estimated payment $5,507/month

4 Days on Market

Highlights

  • Gated Parking
  • 7.9 Acre Lot
  • Wooded Lot
  • Panoramic View
  • Deck
  • Vaulted Ceiling

About This Home

As of May 2022

This retreat is one of very few homes in the area that sits at an elevation above 4,500 feet, ensuring cool summer temperatures. Boasting panoramic views of mountain ranges many miles away, this haven offers multiple decks and a huge, screened-in porch, where you can enjoy your morning coffee as you watch the sunrise over the distant mountains. A metal roof will allow you to enjoy the sounds of the mountain rains. Warm yourself in front of the stone fireplace in the living room, surrounded by vaulted ceilings and a wall of windows displaying nature's majesty and immense, natural light. The home sits on almost eight, private acres, with no neighbors in sight. The gated, circular driveway offers plenty of parking and a large, two-car garage directly accesses the home's lower level. A fantastic flower garden in front is filled with hummingbirds and butterflies throughout the summer. The primary bedroom is on the main level, with a primary bathroom, walk-in closet, and French doors that lead to the deck. Wake up to long-range views from the comfort of your bed; there simply is no better way to begin each day. Downstairs is appointed with a laundry room, two bedrooms with an adjoining bath, and a bedroom/office space with its own fireplace and full bath. Only 10 minutes from the beach access area at Lake Glenville, you will enjoy all the water activities it offers. Happ's Place, Glenville's hot new restaurant, is only 15 minutes away. Both the Village of Cashiers and the town of Franklin are 30 minutes away. This home is offered furnished with exceptions, making your mountain dream one step closer.

Last Agent to Sell the Property

Dan Allen

Silver Creek Real Estate Group, Inc. Brokerage Phone: 8287431999 License #216684 Listed on: 03/29/2022

Last Buyer's Agent

Dan Allen

Silver Creek Real Estate Group, Inc. Brokerage Phone: 8287431999 License #216684 Listed on: 03/29/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,034

Year Built

  • Built in 2003

Lot Details

  • 7.9 Acre Lot
  • Steep Slope
  • Wooded Lot
  • Garden

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway
  • Gated Parking

Property Views

  • Panoramic
  • Mountain

Home Design

  • Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Heated Enclosed Porch
  • Dryer

Kitchen

  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

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

Finished Basement

  • Walk-Out Basement
  • Interior and Exterior Basement Entry
  • Fireplace in Basement

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Central Heating
  • Private Water Source
  • Well
  • Septic Tank

Community Details

  • Cats Paw Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 7534-80-8568

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,034

Year Built

Built in 2003

Lot Details

0

HOA Fees

$33 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 7.9
  • Road Surface Type: Gravel
  • Subdivision Name: Cats Paw
  • Directions: From the crossroads of Highways 107 and 64 in Cashiers, head North towards Glenville for 6.4 miles, then take left on Pine Creek Road. Stay on road for almost 7 miles, then take left onto Walnut Gap Road. Continue for a little over a mile and then continue onto Cats Paw Road. Follow road until intersection with three roads, go on Chips Lane and destination will be at end on the right.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2003
  • Attribution Contact: 8287431999
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Disposal, Gas Oven, Microwave, Refrigerator, Washer
  • Has Basement: Exterior Entry, Finished, Interior Entry, Bath/Stubbed, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Basement, Living Room, Stone, Wood Burning
  • Fireplace: Yes
  • Flooring: Laminate, Tile, Wood
  • Interior Amenities: Wet Bar, Breakfast Bar, Ceiling Fan(s), Vaulted Ceiling(s), Walk-In Closet(s)
  • Window Features: Window Treatments

Exterior Features

  • Lot Features: Level, Partially Cleared, Rolling Slope, Steep Slope, Wooded
  • View: Mountain(s), Panoramic
  • View: Yes
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Garden, Satellite Dish
  • Foundation Details: Poured
  • Patio And Porch Features: Rear Porch, Covered, Deck, Enclosed, Front Porch, Heated, Porch, Screened
  • Roof: Metal

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Circular Driveway, Garage, Two Car Garage, Garage Door Opener, Gravel, Gated, Parking Lot

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Electric: Generator
  • Sewer: Septic Permit 4 Bedroom, Septic Tank
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association Fee: 400.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 344124.0
  • Parcel #: 7534-80-8568
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 2034.0
  • Tax Lot: 4
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2022
Closed on
Apr 27, 2022
Sold by
Gay James B and Gay Kimberly A
Bought by
Wilkinson Properties Llc
Seller's Agent
Dan Allen
Silver Creek Real Estate Group, Inc.
Buyer's Agent
Dan Allen
Silver Creek Real Estate Group, Inc.
List Price
$799,000
Sold Price
$789,000
Premium/Discount to List
-$10,000
-1.25%
Current Estimated Value
$978,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,627
Avg. Annual Appreciation
6.54%
Original Mortgage
$473,400
Outstanding Balance
$449,151
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$529,476

Purchase Details

Listed on
Jul 7, 2020
Closed on
Sep 2, 2020
Sold by
Stone Kice H and Stone Susan H
Bought by
Gay James B and Gay Kimberly A
Seller's Agent
Ray Trine
Silver Creek Real Estate Group, Inc.
Buyer's Agent
Dan Allen
Silver Creek Real Estate Group, Inc.
List Price
$499,000
Sold Price
$499,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.93%
Original Mortgage
$300,200
Interest Rate
2.9%
Mortgage Type
New Conventional
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
Wilkinson Properties Llc $799,000 April L Sgro Pllc
Gay James B $499,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilkinson Properties Llc $473,400
Previous Owner Gay James B $300,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/23/2022 05/23/22 Sold $789,000 -1.3% --
04/22/2022 04/22/22 Pending -- -- --
03/29/2022 03/29/22 For Sale $799,000 +60.1% --
09/11/2020 09/11/20 Sold $499,000 0.0% -- View Prior Sale
08/10/2020 08/10/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $499,000 -- --
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 $3,422 $900,411 $92,040 $808,371
2024 $1,937 $509,760 $198,800 $310,960
2023 $2,227 $509,760 $198,800 $310,960
2022 $2,161 $497,240 $198,800 $298,440
2021 $2,033 $497,240 $198,800 $298,440
2020 $1,554 $364,460 $94,230 $270,230
2019 $1,554 $364,460 $94,230 $270,230
2018 $1,554 $364,460 $94,230 $270,230
2017 $1,517 $364,460 $94,230 $270,230
2015 $1,919 $402,190 $131,960 $270,230
2011 -- $615,850 $128,930 $486,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 98587

APN: 7534-80-8568