NOT LISTED FOR SALE

501 Falls Dr E Highlands, NC 28741

Estimated Value: $1,908,000 - $2,253,000

3 Beds
3.5 Baths
2,000 Sq Ft
$1,065/Sq Ft Est. Value

Last Sold July 11, 2024

Last sale price $2,100,000 $1,050 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $11,511/month

30 Days on Market

Highlights

  • Lake Front
  • Deck
  • Outdoor Fireplace
  • Gated Community
  • Vaulted Ceiling
  • Wood Flooring

About This Home

As of July 2024

Welcome to lakeside luxury living at Highlands Falls Country Club! This three-bedroom, two-and-a-half-bathroom home offers an unparalleled retreat in an idyllic setting. Step inside to discover a warm and inviting ambiance where the main level boasts an open layout, featuring a cozy living room adorned with one of three charming fireplaces. Whether you're unwinding after a long day or entertaining guests, this delightful space sets the perfect backdrop for any occasion. The heart of the home resides in the gourmet kitchen, complete with modern appliances, and ample cabinetry. Adjacent to the kitchen, the dining area beckons with scenic views of the surrounding landscape, creating a picturesque backdrop for memorable meals with loved ones. For those who crave outdoor living, the screened porch awaits, offering a tranquil retreat where you can bask in the beauty of nature while enjoying the warmth of a crackling fire. From sunrise coffee sessions to evening cocktails, this serene sanctuary promises endless moments of relaxation. The main level offers two bedrooms and an office, which everyone seems to put at the top of their wish list. The primary bedroom is large with an amazing custom closet large enough for both of you. Downstairs, the terrace level unveils a spacious family room, complete with yet another fireplace, a game area, and direct access to a charming stone patio. Outside, the property is adorned with practical amenities, including a two-car garage, a convenient carport, and a picturesque pea gravel circular driveway. Moreover, convenience meets leisure with the home's proximity to the clubhouse, pool, croquet lawn, pickleball, and tennis courts, all within walking distance. Membership in Highlands Falls is by invitation and provides access to all the amenities which also includes a championship golf course and scenic dining, plus the best fitness center on the mountain.

Last Agent to Sell the Property

Judy Michaud

Berkshire Hathaway HomeServices Meadows Mountain Realty Brokerage Phone: 8285261717 Listed on: 04/19/2024

Berkshire Hathaway HomeServices Meadows Mountain Realty

Co-Listed By

Mitzi Rauers

Berkshire Hathaway HomeServices Meadows Mountain Realty Brokerage Phone: 8285261717

Last Buyer's Agent

Judy Michaud

Berkshire Hathaway HomeServices Meadows Mountain Realty Brokerage Phone: 8285261717 Listed on: 04/19/2024

Berkshire Hathaway HomeServices Meadows Mountain Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,212

Year Built

  • Built in 1978

Lot Details

  • 0.43 Acre Lot
  • Lake Front
  • North Facing Home
  • Lot Has A Rolling Slope

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Circular Driveway

Property Views

  • Lake
  • Golf Course
  • Mountain

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Furnished or left unfurnished upon request
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Screened Porch
  • Exterior Basement Entry
  • Dryer

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Deck
  • Outdoor Fireplace

Utilities

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

Listing and Financial Details

  • Tax Lot R-1
  • Assessor Parcel Number 7540877476

Community Details

Overview

  • Property has a Home Owners Association
  • Highlands Falls CC Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,212

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.43
  • Road Surface Type: Paved
  • Water Body Name: No Name Known
  • Co List Office Mls Id: 14
  • Co List Office Phone: 828-526-1717
  • Subdivision Name: Highlands Falls CC
  • Directions: Highway 64 to Highlands Falls Country Club entrance. Go past the gatehouse to four way stop. Go straight. This will be the first house on the right.
  • Architectural Style: Bungalow
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1978
  • Attribution Contact: 8285261717
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Negotiable
  • Appliances: Dryer, Dishwasher, Disposal, Gas Oven, Refrigerator, Washer
  • Has Basement: Exterior Entry
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Den, Living Room, Outside, Wood Burning
  • Fireplace: Yes
  • Flooring: Laminate, Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Vaulted Ceiling(s), Walk-In Closet(s)

Exterior Features

  • Lot Features: On Golf Course, Rolling Slope
  • View: Golf Course, Lake, Mountain(s)
  • View: Yes
  • Waterfront Features: Lake
  • Disclosures: Flood Plain Disclosure
  • Construction Type: Stone, Wood Siding
  • Direction Faces: North
  • Exterior Features: None
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Deck, Screened
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 2.0
  • Covered Parking Spaces: 4.0
  • Garage Spaces: 2.0
  • Parking Features: Circular Driveway, Carport, Driveway, Garage, Two Car Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Gated
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 18730.8
  • Parcel #: 7540877476
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 4211.92
  • Tax Lot: R-1
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
Jul 11, 2024
Sold by
Ernest W Franklin Iii Living Trust and Franklin Joyce
Bought by
Hurley Ryan William and Bostwick Ryan Mary
Seller's Agent
Judy Michaud
Berkshire Hathaway HomeServices Meadows Mountain Realty
Buyer's Agent
Judy Michaud
Berkshire Hathaway HomeServices Meadows Mountain Realty
List Price
$2,295,000
Sold Price
$2,100,000
Premium/Discount to List
-$195,000
-8.5%
Views
23
Current Estimated Value
$2,130,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,000
Avg. Annual Appreciation
0.98%

Purchase Details

Closed on
Jul 21, 2010
Sold by
Tinglof Joyce and Tinglof Iver A
Bought by
Lanier Peter D and Lanier Deloris R
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
Hurley Ryan William $2,100,000 None Listed On Document
Lanier Peter D $50,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2024 07/11/24 Sold $2,100,000 -8.5% $1,050 / Sq Ft
05/21/2024 05/21/24 Pending -- -- --
04/20/2024 04/20/24 For Sale $2,295,000 +211.2% $1,148 / Sq Ft
06/02/2015 06/02/15 Sold $737,500 -17.6% $369 / Sq Ft View Prior Sale
11/21/2014 11/21/14 Pending -- -- --
10/10/2014 10/10/14 For Sale $895,000 -- $448 / 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 -- $1,419,550 $250,000 $1,169,550
2024 -- $1,419,550 $250,000 $1,169,550
2023 $4,212 $1,419,550 $250,000 $1,169,550
2022 $3,574 $806,010 $250,000 $556,010
2021 $3,574 $806,010 $250,000 $556,010
2020 $3,370 $806,010 $250,000 $556,010
2018 $2,452 $655,050 $200,000 $455,050
2017 $0 $655,050 $200,000 $455,050
2016 $2,452 $655,050 $200,000 $455,050
2015 $2,429 $655,050 $200,000 $455,050
2014 $2,291 $770,600 $164,970 $605,630
2013 -- $770,600 $164,970 $605,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 104157

APN: 7540877476