C
Seller's Agent in 2014
Chuck Self
Silver Creek Real Estate Group, Inc.
(828) 734-7302
8 in this area
77 Total Sales
40 Summer Hill Rd Cullowhee, NC 28723
Estimated Value: $2,242,000 - $4,785,000
5
Beds
7
Baths
5,318
Sq Ft
$685/Sq Ft
Est. Value
Highlights
- Spa
- Gated Community
- 8.02 Acre Lot
- Panoramic View
- Built-In Refrigerator
- Community Lake
About This Home
As of May 2014This two-story custom farmhouse was built in 2004 by one of the area's finest home builders, and is decorated by one of the finest interior designers. The main house and guest house sits on 8 very private acres at the very top of the property and has incredible long-range panoramic views of the mountains that look out over Lake Glenville. Main house offers fine custom appointments throughout, with 3 spacious bedrooms/4.5 baths (master has separate baths), huge master closet, work-out room, sound studio, first-class game room with bar, and a large gourmet kitchen to bring out the chef in you. There's also a separate guest house with 2 additional bedrooms/1.5 baths, kitchen, living area, and separate washer/dryer. Also on the property, there's a large 2-bay barn, garden shed, authentic root cellar, beautiful mature trees, and your very own apple orchard. This is a must see that will have you falling in love with the lifestyle that awaits you. All behind the gates of Summer Hill, of the finest private gated communities in the entire area. The shores of Lake Glenville are just a short walk down the hill from this property, where you'll find the Summer Hill boat dock where you can keep your boat parked. Two separate adjacent properties are also available with the house, to offer even more privacy. This unique property is an ideal spot for horses, with a large barn already on the property.
Last Agent to Sell the Property
Silver Creek Real Estate Group, Inc. Brokerage Phone: 8287431999 License #274065 Listed on: 07/26/2013
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,705
Year Built
- Built in 2004
Lot Details
- 8.02 Acre Lot
- Lot Has A Rolling Slope
- Garden
Parking
- 2 Car Attached Garage
Property Views
- Lake
- Panoramic
- Mountain
Home Design
- Farmhouse Style Home
- Wood Roof
- Wood Siding
Interior Spaces
- 2-Story Property
- Wet Bar
- Wired For Sound
- Built-In Features
- Wood Burning Fireplace
- Window Treatments
- Living Room with Fireplace
- Workshop
- Crawl Space
- Dryer
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Double Convection Oven
- Recirculated Exhaust Fan
- Microwave
- Built-In Refrigerator
- Freezer
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Carpet
- Stone
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
Outdoor Features
- Spa
- Deck
- Covered Patio or Porch
- Fire Pit
Utilities
- No Cooling
- Heating Available
- Private Water Source
- Septic Tank
Listing and Financial Details
- Tax Lot 28
- Assessor Parcel Number 7554-71-9526
Community Details
Overview
- Property has a Home Owners Association
- Summer Hill Subdivision
- Community Lake
Recreation
- Tennis Courts
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 26, 2013
Closed on
May 7, 2014
Sold by
Coward Kimberly R
Bought by
Penkoski Richard J and Penkoski Karen J
Seller's Agent
Chuck Self
Silver Creek Real Estate Group, Inc.
Buyer's Agent
Jochen Lucke
Silver Creek Real Estate Group, Inc.
List Price
$1,995,000
Sold Price
$1,800,000
Premium/Discount to List
-$195,000
-9.77%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,843,373
Avg. Annual Appreciation
6.06%
Original Mortgage
$1,260,000
Outstanding Balance
$963,846
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$2,679,527
Purchase Details
Listed on
Jul 26, 2013
Closed on
Apr 21, 2014
Sold by
Coward Willaim H
Bought by
Coward Kimberly R
Seller's Agent
Chuck Self
Silver Creek Real Estate Group, Inc.
Buyer's Agent
Jochen Lucke
Silver Creek Real Estate Group, Inc.
List Price
$1,995,000
Sold Price
$1,800,000
Premium/Discount to List
-$195,000
-9.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Outstanding Balance
$963,846
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$2,679,527
Purchase Details
Listed on
Jul 26, 2013
Closed on
Mar 31, 2014
Sold by
Coward William H
Bought by
Coward Kimberly R
Seller's Agent
Chuck Self
Silver Creek Real Estate Group, Inc.
Buyer's Agent
Jochen Lucke
Silver Creek Real Estate Group, Inc.
List Price
$1,995,000
Sold Price
$1,800,000
Premium/Discount to List
-$195,000
-9.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Outstanding Balance
$963,846
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$2,679,527
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Penkoski Richard J | $1,800,000 | None Available | |
| Coward Kimberly R | -- | None Available | |
| Coward Kimberly R | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Penkoski Richard J | $1,260,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/07/2014 05/07/14 | Sold | $1,800,000 | -9.8% | $338 / Sq Ft |
| 04/25/2014 04/25/14 | Pending | -- | -- | -- |
| 07/26/2013 07/26/13 | For Sale | $1,995,000 | -- | $375 / Sq Ft |
Source: Highlands-Cashiers Board of REALTORS®
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 | $13,811 | $3,634,546 | $562,340 | $3,072,206 |
| 2024 | $8,620 | $2,268,310 | $512,370 | $1,755,940 |
| 2023 | $9,536 | $2,268,310 | $512,370 | $1,755,940 |
| 2022 | $9,536 | $2,268,310 | $512,370 | $1,755,940 |
| 2021 | $9,027 | $2,268,310 | $512,370 | $1,755,940 |
| 2020 | $7,900 | $1,917,260 | $500,000 | $1,417,260 |
| 2019 | $7,900 | $1,917,260 | $500,000 | $1,417,260 |
| 2018 | $7,900 | $1,917,260 | $500,000 | $1,417,260 |
| 2017 | $7,709 | $1,917,260 | $500,000 | $1,417,260 |
| 2015 | $6,060 | $1,917,260 | $500,000 | $1,417,260 |
| 2011 | -- | $1,977,270 | $600,000 | $1,377,270 |
Source: Public Records
Agents Affiliated with this Home
-
Chuck Self
-
Jochen Lucke
Buyer's Agent in 2014
Jochen Lucke
Silver Creek Real Estate Group, Inc.
(828) 226-1126
5 in this area
128 Total Sales
Map
Source: Highlands-Cashiers Board of REALTORS®
MLS Number: 77856
APN: 7554-71-9526
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