NOT LISTED FOR SALE

422 Cotswald Way Highlands, NC 28741

Estimated Value: $1,215,000 - $2,752,000

4 Beds
6 Baths
2,074 Sq Ft
$938/Sq Ft Est. Value

Last Sold November 20, 2020

Last sale price $750,000 $362 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $11,244/month

220 Days on Market

Highlights

  • 1.74 Acre Lot
  • Vaulted Ceiling
  • Furnished
  • Deck
  • Wood Flooring
  • Screened Porch

About This Home

As of November 2020

Located in the Cotswolds, an upscale community with paved roads and underground utilities just three miles to Main Street Highlands. A beautiful and spacious mountain retreat with many wonderful attributes, it is perched near the top of the Cotswolds on a large 1.74 acre lot backing up to USFS. The great room has vaulted ceiling with tongue & groove walls and ceiling, wormy oak flooring, a beautiful stone fireplace and soaring wall of glass for natural brightness and great views. The gourmet kitchen is well equipped with high end appliances, gas stove, and copper farm sink, breakfast bar and granite countertops, on this level is the laundry and an office with half bath. The master on the main level has a walk in closet and heated tile floors in the bath and access to the screened porch. There are two guest bedroom suites upstairs each offering a private balcony for early morning coffee time. Downstairs is the media room complete with large screen TV, full wet bar with seating and half bath, great space for those games day gatherings. There is a short covered breezeway to the double garage with access to a private 4th bedroom suite. This home has so many great features, it is wired for a generator and surround sound and also has a 5 bedroom septic if an additional bedroom is needed. Be sure to put this home on your list to see!

Last Agent to Sell the Property

Alicen Phillips

Country Club Prop. / Mt. Fresh Brokerage Phone: 8287872002 Listed on: 02/07/2020

Last Buyer's Agent

Eddy McDonald

Silver Creek Real Estate Group - H

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,006

Year Built

  • Built in 2005

Lot Details

  • 1.74 Acre Lot
  • Lot Has A Rolling Slope
  • Garden

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Wet Bar
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Living Room with Fireplace
  • Screened Porch
  • Dryer

Kitchen

  • Breakfast Bar
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Interior Basement Entry

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Central Heating and Cooling System
  • Private Water Source
  • Septic Tank
  • Cable TV Available

Community Details

  • The Cotswolds Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 7530.69-38-41

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,006

Year Built

Built in 2005

Lot Details

0

HOA Fees

$100 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.74
  • Road Surface Type: Paved
  • Subdivision Name: The Cotswolds
  • Directions: Hwy 64 W the Franklin Rd. just past On The Verandah Restaurant turn right on Webbmont Rd. Follow to the Cotswolds on your right. Continue up the road to 422 Cotswold Way on the Left, driveway entrance is shared so bear to the house on the right.
  • Architectural Style: Craftsman
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2005
  • Attribution Contact: 8287872002
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Furnished: Furnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Exhaust Fan, Gas Oven, Microwave, Refrigerator, Washer
  • Has Basement: Finished, Heated, Interior Entry, Concrete, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Gas Starter, Living Room, Stone, Wood Burning
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Wet Bar, Breakfast Bar, Ceiling Fan(s), Vaulted Ceiling(s), Walk-In Closet(s)

Exterior Features

  • Lot Features: Borders National Forest, Partially Cleared, Rolling Slope
  • Disclosures: Licensed Vacation Rental
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Balcony, Garden, Breezeway
  • Foundation Details: Poured
  • Patio And Porch Features: Deck, Screened, Side Porch, Balcony
  • Roof: Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Garage, Two Car Garage, Gravel, Paved

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: Private

Condo/Co-op/Association

  • Community Features: Near National Forest
  • Association Fee: 1200.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 75794.4
  • Parcel #: 7530.69-38-41
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3006.24
  • Tax Lot: 3
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2020
Closed on
Nov 19, 2020
Sold by
Cmz Equities Llc
Bought by
Applemen Property Highlands Llc
Seller's Agent
Alicen Phillips
Country Club Prop. / Mt. Fresh
Buyer's Agent
Eddy McDonald
Silver Creek Real Estate Group - H
List Price
$799,900
Sold Price
$750,000
Premium/Discount to List
-$49,900
-6.24%
Current Estimated Value
$1,942,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,192,525
Avg. Annual Appreciation
16.99%
Original Mortgage
$750,000
Outstanding Balance
$297,221
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,270,833

Purchase Details

Closed on
Apr 17, 2008
Sold by
Pannabeker Gerald K and Pannabeker Janet E
Bought by
Cmz Equities Llc

Purchase Details

Closed on
May 20, 2005
Sold by
Bennett Julie B and Bennett Richard A
Bought by
Pannabecke Gerald K and Pannabecke Janet E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$664,490
Interest Rate
5.74%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
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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
Applemen Property Highlands Llc $750,000 None Available
Cmz Equities Llc $722,000 None Available
Pannabecke Gerald K $295,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Applemen Property Highlands Llc $750,000
Previous Owner Pannabecke Gerald K $664,490
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2020 11/20/20 Sold $750,000 -6.2% $362 / Sq Ft
10/18/2020 10/18/20 Pending -- -- --
02/07/2020 02/07/20 For Sale $799,900 -- $386 / 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 $4,995 $1,686,230 $300,000 $1,386,230
2023 $4,809 $1,686,230 $300,000 $1,386,230
2022 $4,809 $1,093,150 $300,000 $793,150
2021 $4,809 $1,093,150 $300,000 $793,150
2020 $4,532 $1,093,150 $300,000 $793,150
2018 $3,101 $835,530 $248,060 $587,470
2017 $0 $835,530 $248,060 $587,470
2016 $3,101 $835,530 $248,060 $587,470
2015 $3,078 $835,530 $248,060 $587,470
2014 $3,613 $1,229,680 $533,000 $696,680
2013 -- $1,229,680 $533,000 $696,680
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Alicen Phillips

    Country Club Prop. / Mt. Fresh

    (828) 787-2002

    6 in this area

    9 Total Sales

    Section Image

  • E

    Buyer's Agent in 2020

    Eddy McDonald

    Silver Creek Real Estate Group - H

    (828) 421-8196

    9 in this area

    24 Total Sales

    Section Image
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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 92857

APN: 7530693841

North Carolina Macon County Highlands 28741

422 Cotswald Way, Highlands, NC

This home is located at 422 Cotswald Way, Highlands, NC 28741 since 07 February 2020 and is currently estimated at $1,944,398, approximately $937 per square foot. This property was built in 2005. 422 Cotswald Way is a home located in Macon County with nearby schools including Highlands School, Macon Middle School, and Mountain View Intermediate School.

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