NOT LISTED FOR SALE

494 Peninsula Dr Mill Spring, NC 28756

Estimated Value: $1,177,516 - $1,207,000

4 Beds
4 Baths
2,144 Sq Ft
$556/Sq Ft Est. Value

Last Sold October 12, 2022

Last sale price $1,065,000 $497 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,663/month

79 Days on Market

Highlights

  • Waterfront
  • Community Lake
  • Wood Flooring
  • Open Floorplan
  • Cathedral Ceiling
  • Screened Porch

About This Home

As of October 2022

Cool off at this brand new waterfront cabin with easy access to the private dock and a 2022 Sun Tracker Party Barge. Cabin construction was completed in early 2022. Attention to detail in every aspect of the cabin and landscape. Enter from the wrap-around screened porch into the two-story great room with a stunning wood-burning fireplace. The open floor plan allows for views of the lake from the kitchen, living, and dining areas. The kitchen is equipped with granite counters, a gas range, stainless steel appliances, a snack bar, and a pantry. The bedroom placements afford plenty of privacy, two on the main level, one on the upper level, and one in the basement with lake views. There is plenty of usable outdoor space with a large burn pit and grilling area. The covered patio under the screen porch is a great spot to catch cool breezes and views of the lake. Lake Adger is a 438-acre lake with 14 miles of pristine shoreline. Includes most of the furniture and the party barge.

Last Agent to Sell the Property

Kathy Toomey

New View Realty License #251271 Listed on: 07/22/2022

Last Buyer's Agent

Kathy Toomey

New View Realty License #251271 Listed on: 07/22/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,740

Year Built

  • Built in 2022

Lot Details

  • Waterfront
  • Paved or Partially Paved Lot
  • Sloped Lot
  • Zoning described as OPEN

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Cabin
  • Slab Foundation
  • Wood Siding
  • Stone Veneer

Interior Spaces

  • Open Floorplan
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Great Room with Fireplace
  • Screened Porch
  • Basement

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Self-Cleaning Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Fire Pit

Schools

  • Polk Central Elementary School
  • Polk Middle School
  • Polk High School

Utilities

  • Zoned Heating System
  • Heat Pump System
  • Shared Well
  • Septic Tank

Community Details

  • Ipm Association, Phone Number (828) 650-6875
  • Built by Isabell Builders
  • Mountain Park At Lake Adger Subdivision
  • Mandatory home owners association
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number P54-251

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,740

Year Built

Built in 2022

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cabin
  • Year Built: 2022
  • Ratio Current Price By Acre: 1065000.00
  • Restrictions: Architectural Review,Building,Deed,Manufactured Home Not Allowed,Short Term Rental Allowed,Square Feet,Subdivision
  • Restrictions Description: HOA
  • Road Surface Type: Concrete, Gravel
  • Structure Type: One and a Half Story/Basement
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 496.74
  • Special Features: NewHome

Interior Features

  • Foundation Details: Basement, Basement Inside Entrance, Basement Outside Entrance, Basement Partially Finished, Slab
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Breakfast Bar, Built Ins, Cathedral Ceiling(s), Open Floorplan, Split Bedroom, Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1149
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 247
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 247
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 433
  • Porch: Covered,Front,Porch-Wrap Around,Screened
  • Appliances: Ceiling Fan(s), Dishwasher, Dryer, Exhaust Hood, Gas Oven, Gas Range, Microwave, Propane Cooktop, Refrigerator, Self Cleaning Oven, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 562
  • Fireplace Features: Great Room, Wood Burning
  • Living Area: 2144
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Half Bathrooms: 0
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Exterior Features: Fire Pit, Outdoor Shower, Underground Power Lines
  • New Construction: No
  • Roof: Shingle
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Water Body Name: Lake Adger
  • Waterfront Features: Dock
  • Construction Type: Stone Veneer, Wood Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway

Utilities

  • Heating: Central, Heat Pump, Heat Pump, Multizone A/C, Zoned
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: In Basement, Laundry Room
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: Lake
  • Association Fee: 1000
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: IPM
  • Phone: 828-650-6875
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Polk
  • HOA Subject To: Required
  • CAR_YearlyHOAExpense: 1000.00

Lot Info

  • Lot Features: Lake On Property, Lake Access, Mountain View, Paved, Sloped, Views, Water View, Waterfront, Year Round View
  • Lot Size Area: 1
  • Lot Size Units: Acres
  • Parcel Number: P54-251
  • Zoning Description: OPEN
  • ResoLotSizeUnits: Acres

Building Info

  • Builder Name: Isabell Builders

Tax Info

  • RATIO List Price By Tax Amount: 11.25000

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Polk Central
  • High School: Polk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2022
Closed on
Sep 20, 2022
Sold by
Hairfield Wendell Lawrence and Hairfield Melinda Ros
Bought by
Ford Aaron and Christiansen Ford Carey
Seller's Agent
Kathy Toomey
New View Realty
Buyer's Agent
Kathy Toomey
New View Realty
List Price
$1,295,000
Sold Price
$1,065,000
Premium/Discount to List
-$230,000
-17.76%
Views
3
Current Estimated Value
$1,192,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,258
Avg. Annual Appreciation
4.01%
Original Mortgage
$808,000
Outstanding Balance
$782,128
Interest Rate
6.02%
Mortgage Type
Balloon
Estimated Equity
$412,866

Purchase Details

Closed on
Jul 1, 2017
Sold by
Scarisbrick Land Holdings Llc
Bought by
Kikut Erik R and Kikut Victoria

Purchase Details

Closed on
Sep 24, 2007
Sold by
Emats S W V A Land Holdings Llc
Bought by
Scarisbrick Land Holdings Llc

Purchase Details

Closed on
Nov 16, 2005
Sold by
Lake Adger Developers Inc
Bought by
Emats Swva Land Holdings Llc
Source: Public Records

Range of Values:

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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
Ford Aaron $1,065,000 --
Kikut Erik R $360 None Available
Scarisbrick Land Holdings Llc -- None Available
Emats Swva Land Holdings Llc $380,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ford Aaron $808,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2022 10/12/22 Sold $1,065,000 -5.3% $497 / Sq Ft
10/09/2022 10/09/22 Pending -- -- --
08/24/2022 08/24/22 Price Changed $1,125,000 -13.1% $525 / Sq Ft
07/22/2022 07/22/22 For Sale $1,295,000 -- $604 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $2,740 $426,253 $100,000 $326,253
2023 $2,740 $426,253 $100,000 $326,253
2022 $2,524 $400,626 $100,000 $300,626
2021 $623 $100,000 $100,000 $0
2020 $1,135 $175,000 $175,000 $0
2019 $1,136 $175,000 $175,000 $0
2018 $1,059 $175,000 $175,000 $0
2017 $1,059 $350,000 $350,000 $0
2016 $2,049 $350,000 $350,000 $0
2015 $1,981 $0 $0 $0
2014 $1,981 $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3885997

Canopy MLS (Canopy Realtor® Association)

APN: P54-251