NOT LISTED FOR SALE

484 Lake Villas Way Highlands, NC 28741

Estimated Value: $1,390,000 - $2,732,000

3 Beds
2.5 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold August 25, 2017

Last sale price $614,000

Est. 206% increase in value since last sale

Current estimated payment $10,822/month

32 Days on Market

Highlights

  • Lake Front
  • Golf Course Community
  • Gated Community
  • Docks
  • Fitness Center
  • Built-In Refrigerator

About This Home

As of August 2017

Light, bright and airy on Lake Ravenel inside the secure gates of Cullasaja Club sits this charming Lake Villa. Updated throughout, you will enjoy one-level living in this three bedroom, two and one-half bath charming home. You can fish from the deck or take out a boat from your dock to catch from the fully stocked lake. This immaculate home will sell quickly at $649,000. Cullasaja Club features a wide variety of amenities including an Arnold Palmer golf course, an elegant clubhouse with several dining venues, an outdoor pool, a fitness center with a weight room, an aerobic room, a classroom, tennis courts and a croquet lawn. This is in addition to the activities available on Lake Ravenel such as canoeing, fishing, paddle-boarding, rafting and driving around in your fishing boat with an electric motor. Located half-way between Highlands and Cashiers, you can enjoy each community in a ten minute drive. Highlands is called the Aspen of the East with its award winning restaurants, spas, art galleries, world-class shopping, a famous regional art center called the Bascom, a Playhouse, a Performing Arts Center and numerous hiking trails and waterfalls.

Last Agent to Sell the Property

Josephine Lovell

Highlands Sotheby's International Realty - DT Brokerage Phone: 8285268300 Listed on: 05/30/2017

Highlands Sotheby's International Realty - DT

Last Buyer's Agent

Josephine Lovell

Highlands Sotheby's International Realty - DT Brokerage Phone: 8285268300 Listed on: 05/30/2017

Highlands Sotheby's International Realty - DT

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,111

Year Built

  • Built in 1998

Lot Details

  • 7,405 Sq Ft Lot
  • Lake Front
  • Cleared Lot

HOA Fees

  • $332 Monthly HOA Fees

Property Views

  • Lake
  • Golf Course

Home Design

  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Screened Porch
  • Dryer

Kitchen

  • Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • Attached Garage
  • 1 Carport Space

Outdoor Features

  • Docks
  • Deck

Utilities

  • Central Air
  • Heat Pump System
  • Private Water Source
  • Cable TV Available

Listing and Financial Details

  • Tax Lot LV 12A
  • Assessor Parcel Number 7551616689

Community Details

Overview

  • Cullasaja Club Subdivision
  • Community Lake

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Putting Green

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,111

Year Built

Built in 1998

Lot Details

0

HOA Fees

$332 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved
  • Water Body Name: Ravenel
  • Subdivision Name: Cullasaja Club
  • Directions: From downtown Highlands, take Hwy 64E towards Cashiers. Turn left at Cullasaja Club entrance and go past security gate. Follow Cullasaja Club Drive past bridge and turn left on to Garnet Rock Trail then left on to Lake Villas Way. 484 Lake Villas Way is on the left.
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1998
  • Attribution Contact: 8285268300
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Appliances: Built-In Refrigerator, Dryer, Dishwasher, Disposal, Gas Oven, Microwave, Washer
  • Has Basement: Crawl Space, Exterior Entry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas Starter, Living Room, Stone, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Jetted Tub, Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s)
  • Window Features: Window Treatments

Exterior Features

  • Lot Features: Cleared, Level
  • Pool Features: Community
  • View: Golf Course, Lake
  • View: Yes
  • Waterfront Features: Lake, Deeded Access
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Dock
  • Patio And Porch Features: Rear Porch, Deck, Porch, Screened
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 1.0
  • Covered Parking Spaces: 1.0
  • Parking Features: Attached, Carport, Paved

Utilities

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

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Golf, Gated, Lake, Playground, Pool, Putting Green, Tennis Court(s), Water Access
  • Association Fee: 3982.5
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 7551616689
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 2110.94
  • Tax Lot: LV 12A
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2021
Sold by
Boruff Stephen L and Boruff Mary Beth
Bought by
Boruff Stephen L and Stephen L Boruff Revocable Tru
Current Estimated Value
$1,876,475

Purchase Details

Listed on
May 30, 2017
Closed on
Aug 23, 2017
Sold by
Eder Robert H and Eder Linda
Bought by
Boruff Stephen L
Seller's Agent
Josephine Lovell
Highlands Sotheby's International Realty - DT
Buyer's Agent
Josephine Lovell
Highlands Sotheby's International Realty - DT
List Price
$649,000
Sold Price
$614,000
Premium/Discount to List
-$35,000
-5.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.97%
Original Mortgage
$400,000
Outstanding Balance
$335,005
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$1,541,470

Purchase Details

Closed on
Apr 1, 2002
Sold by
Schermerhorn Lynda Rae
Bought by
Philips Donna C
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
Boruff Stephen L -- None Available
Boruff Stephen L $614,000 None Available
Philips Donna C $152,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boruff Stephen L $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2017 08/25/17 Sold $614,000 -5.4% --
07/04/2017 07/04/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $649,000 +10.9% --
09/21/2015 09/21/15 Sold $585,000 -15.8% --
08/13/2015 08/13/15 Pending -- -- --
08/24/2013 08/24/13 For Sale $695,000 -- --
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
2024 $3,422 $1,142,260 $250,000 $892,260
2023 $2,970 $1,142,260 $250,000 $892,260
2022 $2,970 $665,600 $250,000 $415,600
2021 $2,970 $665,600 $250,000 $415,600
2020 $2,802 $665,600 $250,000 $415,600
2018 $2,206 $586,700 $250,000 $336,700
2017 $0 $586,700 $250,000 $336,700
2016 $2,206 $586,700 $250,000 $336,700
2015 $2,183 $586,700 $250,000 $336,700
2014 $2,098 $703,430 $250,000 $453,430
2013 -- $703,430 $250,000 $453,430
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Josephine Lovell

    Highlands Sotheby's International Realty - DT

    (828) 226-6303

    133 in this area

    170 Total Sales

    Josephine Lovell
    Section Image
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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 86172

APN: 7551616689

North Carolina Macon County Highlands 28741

484 Lake Villas Way, Highlands, NC

This home is located at 484 Lake Villas Way, Highlands, NC 28741 since 30 May 2017 and is currently estimated at $1,876,475. This property was built in 1998. 484 Lake Villas 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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