NOT LISTED FOR SALE

500 Cotswold Way Highlands, NC 28741

Estimated Value: $1,788,000 - $2,824,000

4 Beds
4.5 Baths
-- Sq Ft
2.1 Acres

Last Sold November 20, 2013

Last sale price $725,000

Est. 225% increase in value since last sale

Current estimated payment $14,720/month

403 Days on Market

Highlights

  • Panoramic View
  • Fireplace in Kitchen
  • Traditional Architecture
  • 2.1 Acre Lot
  • Deck
  • Cathedral Ceiling

About This Home

As of November 2013

Fabulous foreclosure home in The Cotswolds with wonderful mountain views. Some features include hardwood floors, custom lighting, tile floors, granite countertops, 3 stone fireplaces (living room, kitchen and deck), large deck to enjoy the views, cathedral ceilings, grand spiral staircase, formal dining room, 2 car garage. 4200 elevation. Borders USFS. Level lot. $5,000 appliance package credit with full price offers.

Last Agent to Sell the Property

Catherine Garren (MLS Only)

Highlands Sotheby's International Realty - DT Brokerage Phone: 8285268300 Listed on: 09/06/2012

Highlands Sotheby's International Realty - DT

Last Buyer's Agent

Kyle McKim

Weichert Realtors Highland Properties

Weichert Realtors Highland Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,344

Year Built

  • Built in 2008

Lot Details

  • 2.1 Acre Lot
  • Lot Has A Rolling Slope

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Circular Driveway

Property Views

  • Panoramic
  • Mountain

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Living Room with Fireplace

Kitchen

  • Breakfast Bar
  • Kitchen Island
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Unfinished Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Outdoor Fireplace

Utilities

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

Community Details

  • The Cotswolds Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 7531607185

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,344

Year Built

Built in 2008

Lot Details

0

HOA Fees

$100 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.1
  • Road Surface Type: Paved
  • Subdivision Name: The Cotswolds
  • Directions: From Highlands. 64 West. Right on Webbmont. Right into the Cotswolds. House on left.
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2008
  • Attribution Contact: 8285268300
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: RealEstateOwned
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Crawl Space, Exterior Entry, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Kitchen, Living Room, Outside, Stone, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Cathedral Ceiling(s), Separate/Formal Dining Room, Jetted Tub, Kitchen Island, Pantry, Walk-In Closet(s)

Exterior Features

  • Lot Features: Borders National Forest, Level, Rolling Slope
  • View: Mountain(s), Panoramic
  • View: Yes
  • Construction Type: Stone, Wood Siding
  • Exterior Features: None
  • Patio And Porch Features: Covered, Deck, Porch
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas, Zoned
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Private

Condo/Co-op/Association

  • Association Fee: 1200.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 91476.0
  • Parcel #: 7531607185
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 4343.93
  • Tax Lot: 5
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2012
Closed on
Nov 18, 2013
Sold by
First Citizens Bank & Trust Co
Bought by
Owens Bryan and Owens Sharon
Seller's Agent
Catherine Garren (MLS Only)
Highlands Sotheby's International Realty - DT
Buyer's Agent
Kyle McKim
Weichert Realtors Highland Properties
List Price
$915,000
Sold Price
$725,000
Premium/Discount to List
-$190,000
-20.77%
Current Estimated Value
$2,358,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,633,666
Avg. Annual Appreciation
10.16%
Original Mortgage
$417,000
Outstanding Balance
$303,042
Interest Rate
3.6%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,055,624

Purchase Details

Closed on
Aug 8, 2012
Sold by
Graham Barbara J and Graham Carey F
Bought by
First Citizens Bank & Trust Co

Purchase Details

Closed on
May 24, 2007
Sold by
B & C Mountain Development Llc
Bought by
Graham Carey E and Graham Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,075,000
Interest Rate
6.62%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 19, 2006
Sold by
Pearson Wayne and Pearson Patricia B
Bought by
B & C Mountain Investments Llc

Purchase Details

Closed on
Oct 3, 2005
Sold by
Goffin Peter L and Goffin Cynthia
Bought by
Pearson L Wayne
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Owens Bryan $725,000 None Available
First Citizens Bank & Trust Co $774,000 None Available
Graham Carey E -- None Available
B & C Mountain Investments Llc $485,000 None Available
B & C Mountain Investments Llc $485,000 None Available
Pearson L Wayne $3,825,000 None Available
Pearson L Wayne $382,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Owens Bryan $417,000
Previous Owner Graham Carey E $1,075,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2013 11/20/13 Sold $725,000 -20.8% --
11/05/2013 11/05/13 Pending -- -- --
09/06/2012 09/06/12 For Sale $915,000 -- --
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 -- $1,701,380 $250,000 $1,451,380
2024 -- $1,701,380 $250,000 $1,451,380
2023 $5,068 $1,701,380 $250,000 $1,451,380
2022 $5,068 $1,153,470 $250,000 $903,470
2021 $5,068 $1,153,470 $250,000 $903,470
2020 $4,776 $1,153,470 $250,000 $903,470
2018 $4,054 $1,100,210 $341,880 $758,330
2017 $0 $1,100,210 $341,880 $758,330
2016 $4,054 $1,100,210 $341,880 $758,330
2015 -- $1,100,210 $341,880 $758,330
2014 $4,344 $1,483,310 $437,350 $1,045,960
2013 -- $1,483,310 $437,350 $1,045,960
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Catherine Garren (MLS Only)

    Highlands Sotheby's International Realty - DT

    (828) 226-5870

    36 in this area

    58 Total Sales

    Catherine Garren (MLS Only)
    Section Image

  • K

    Buyer's Agent in 2013

    Kyle McKim

    Weichert Realtors Highland Properties

    (828) 526-5522

    27 in this area

    71 Total Sales

    Kyle McKim
    Section Image
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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 75986

APN: 7531607185

North Carolina Macon County Highlands 28741

500 Cotswold Way, Highlands, NC

Not Listed for Sale

Detached

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