NOT LISTED FOR SALE

48 Hemlock Dr Highlands, NC 28741

Estimated Value: $1,733,000 - $2,262,807

3 Beds
3.5 Baths
2,298 Sq Ft
$880/Sq Ft Est. Value

Last Sold August 13, 2021

Last sale price $1,321,275 $575 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $12,641/month

2 Days on Market

Highlights

  • Home fronts a pond
  • View of Trees or Woods
  • Outdoor Fireplace
  • Gated Community
  • Community Lake
  • Cathedral Ceiling

About This Home

As of August 2021

This in-town home is just minutes from Highlands' Main Street and overlooks a Community Green Space and pond. The foyer leads to the large open living space with soaring cathedral ceilings, massive stone fireplace and a screened porch beyond. The porch has a stone fireplace and is great for lounging or dining. The master suite also has cathedral ceilings, opens to the porch and includes an opulent bath with large shower and garden tub. There is also a powder room and laundry on the main level. The upper level features a large loft area overlooking the main living space and an adjoining bonus room, currently being used as the fourth bedroom. There are two bedroom suites on the lower level, large rec room with fireplace and wet bar, opening to a second porch. It is offered beautifully furnished with few exceptions. The community amenities include a dock and canoe launch on the Cullasaja River. This home is just steps away from the Mirror Lake neighborhood for a great walking experience with numerous pathways to Main Street. Enjoy! Fireplace Features: 2 or more

Last Agent to Sell the Property

Doug Helms

Christie's International Real Estate Highlands-Cashiers Brokerage Phone: 8282262999 Listed on: 07/21/2021

Co-Listed By

Clif Gottwals

Christie's International Real Estate Highlands-Cashiers Brokerage Phone: 8282262999

Last Buyer's Agent

Patrick Gleeson

Christie's International Real Estate Highlands-Cashiers

Christie's International Real Estate Highlands-Cashiers

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,912

Year Built

  • Built in 2007

Lot Details

  • 6,534 Sq Ft Lot
  • Home fronts a pond
  • West Facing Home
  • Lot Has A Rolling Slope

HOA Fees

  • $55 Monthly HOA Fees

Property Views

  • Pond
  • Woods

Home Design

  • Frame Construction
  • Wood Roof
  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Wet Bar
  • Furnished
  • Built-In Features
  • Cathedral Ceiling
  • Stone Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Screened Porch
  • Dryer

Kitchen

  • Eat-In Kitchen
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Outdoor Water Feature
  • Outdoor Fireplace

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 7 -Phase 2
  • Assessor Parcel Number 7540354627

Community Details

Overview

  • Riverwalk Subdivision
  • Community Lake

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,912

Year Built

Built in 2007

Lot Details

0

HOA Fees

$55 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • Co List Office Mls Id: 327
  • Co List Office Phone: 828-226-2999
  • Subdivision Name: Riverwalk
  • Directions: From Highlands take 64E towards Cashiers. Take a left into Riverwalk and follow to the end. Take a left onto Hemlock Ridge. Home is on the left.
  • Architectural Style: Bungalow
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One and One Half
  • New Construction: No
  • Year Built: 2007
  • Attribution Contact: 8282262999
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Oven, Microwave, Refrigerator, Washer
  • Has Basement: Full, Finished, Heated, Interior Entry, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Den, Gas Log, Living Room, Outside, Stone
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Wet Bar, Built-in Features, Cathedral Ceiling(s), Eat-in Kitchen, Jetted Tub, Other, Pantry, Walk-In Closet(s)
  • Window Features: Window Treatments

Exterior Features

  • Lot Features: Partially Cleared, Rolling Slope
  • View: Pond, Trees/Woods
  • View: Yes
  • Waterfront Features: Pond
  • Construction Type: Frame, Stone, Wood Siding
  • Direction Faces: West
  • Exterior Features: Water Feature
  • Patio And Porch Features: Rear Porch, Screened
  • Roof: Wood

Garage/Parking

  • Parking Features: Paved, Parking Lot

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Multi-Fuel
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gated, Lake, Other
  • Association Fee: 660.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 6534.0
  • Parcel #: 7540354627
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 4911.93
  • Tax Lot: 7 -Phase 2
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2021
Closed on
Aug 13, 2021
Sold by
Khoury Kenneth F and Khoury Margaret Sue
Bought by
Mccomb Thomas Malcolm and Mccomb Lee Lowry
Seller's Agent
Doug Helms
Christie's International Real Estate Highlands-Cashiers
Buyer's Agent
Patrick Gleeson
Christie's International Real Estate Highlands-Cashiers
List Price
$1,295,000
Sold Price
$1,321,275
Premium/Discount to List
$26,275
2.03%
Current Estimated Value
$2,022,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$700,927
Avg. Annual Appreciation
10.13%

Purchase Details

Listed on
Apr 22, 2016
Closed on
May 31, 2017
Sold by
Steel John D and Steel Nichole B
Bought by
Khoury Kenneth F and Khoury Margaret Sue
Seller's Agent
Jennifer Blake
Highlands Cove Realty at Old Edwards Club
Buyer's Agent
Doug Helms
Christie's International Real Estate Highlands-Cashiers
List Price
$875,000
Sold Price
$760,000
Premium/Discount to List
-$115,000
-13.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.07%

Purchase Details

Closed on
Feb 20, 2009
Sold by
Riverwalk In Highlands Llc
Bought by
Steel John D and Steel Nchole B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mccomb Thomas Malcolm $1,321,500 None Available
Khoury Kenneth F $760,000 None Available
Steel John D $675,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Steel John D $525,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/13/2021 08/13/21 Sold $1,321,275 +2.0% $575 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
07/22/2021 07/22/21 For Sale $1,295,000 +70.4% $564 / Sq Ft
06/02/2017 06/02/17 Sold $760,000 -13.1% $331 / Sq Ft View Prior Sale
05/24/2017 05/24/17 Pending -- -- --
04/22/2016 04/22/16 For Sale $875,000 -- $381 / 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 -- $1,578,680 $100,000 $1,478,680
2024 -- $1,578,680 $100,000 $1,478,680
2023 $5,129 $1,578,680 $100,000 $1,478,680
2022 $5,129 $856,010 $75,000 $781,010
2021 $5,129 $856,010 $75,000 $781,010
2020 $4,912 $856,010 $75,000 $781,010
2018 $3,745 $696,760 $56,100 $640,660
2017 $3,745 $696,760 $56,100 $640,660
2016 $3,745 $696,760 $56,100 $640,660
2015 $3,722 $696,760 $56,100 $640,660
2014 $3,289 $734,460 $54,000 $680,460
2013 -- $734,460 $54,000 $680,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 97074

APN: 7540354627