NOT LISTED FOR SALE

507 Merganser Way Unit Cliffs Falls J47 Salem, SC 29676

Estimated Value: $1,388,000 - $2,140,000

6 Beds
8 Baths
6,000 Sq Ft
$302/Sq Ft Est. Value

Last Sold August 21, 2017

Last sale price $970,000 $162 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $10,500/month

127 Days on Market

Highlights

  • Water Views
  • Boat Dock
  • Community Stables
  • Walhalla Middle School Rated A-
  • Golf Course Community
  • Water Access

About This Home

As of August 2017

Outdoor space that includes a spa overlooking the lake, a huge fireplace to gather round and an outdoor kitchen all of which allow you to enjoy the the big game on the outdoor TV!! Like a sports bar atmosphere? …you can have that too at this amazing 6 bedroom, 7 full and 2 half bath home in The Cliffs at Keowee Falls. Almost 3 acres of land opens options not available with other properties. Owners will enjoy hosting family & friends, providing all with space and the privacy of their own bathroom. Each of the SIX bedrooms have a full bath (with one to spare) and there are powder rooms on the main and patio level so guests do not have to share their private bath! Falls North is a section of the Cliffs that draws those who truly enjoy lake living and find the Cliffs amenities to be a bonus. They seek time with family and friends not to mention nature. Having Lake Jocassee around the corner and all the preservation land that includes is coveted by the residents. There are TWO master suites, one on the main and one on the terrace level. With 3 bedrooms on the main level, accommodating both the young and old becomes easy. All six bedrooms are substantial in size. When all the bedrooms are full, there is plenty of space for that many people to gather both outdoors and inside. A great room and large dining room on the main level are complimented by the family room, game area and bar on the lower level. Fireplaces on both levels PLUS the oversized outdoor are perfect in just about any weather. The kitchen boasts 3 ovens, a breakfast nook overlooking the lake and ample counter space. As if life on Lake Keowee were not enough, as part of the Cliffs you have access to over $3m in amenities constructed in 2014 as well as additional amenities in 2 other Cliffs communities on Lake Keowee. Access to these amenities is just a short drive or boat ride from the home.

Last Listed By

Luxury Lake Living Team

Kw Luxury Lake Living Listed on: 02/15/2017

Kw Luxury Lake Living

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,247

Year Built

  • 2007

Lot Details

  • 2.99 Acre Lot
  • Waterfront
  • Cul-De-Sac

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Traditional Architecture
  • Cement Siding
  • Stone

Interior Spaces

  • 6,000 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Wired For Sound
  • Bookcases
  • Smooth Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Multiple Fireplaces
  • Blinds
  • Bay Window
  • Recreation Room
  • Bonus Room
  • Water Views
  • Laundry Room

Kitchen

  • Second Kitchen
  • Breakfast Room
  • Dishwasher
  • Granite Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks
  • Hydromassage or Jetted Bathtub
  • Garden Bath
  • Separate Shower

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Water Access
  • Docks
  • Deck
  • Patio
  • Outdoor Kitchen
  • Front Porch

Schools

  • Tam-Salem Elm Elementary School
  • Tam-Salem Middl Middle School
  • Tam-Salem High School

Utilities

  • Cooling Available
  • Zoned Heating
  • Heat Pump System
  • Underground Utilities
  • Septic Tank
  • Phone Available

Additional Features

  • Low Threshold Shower
  • Outside City Limits
  • Stables

Listing and Financial Details

  • Tax Lot J45,46&47
  • Assessor Parcel Number 039-01-01-020

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include common areas, pool(s), recreation facilities, security, ground maintenance
  • Cliffs At Keowee Falls North Subdivision

Amenities

  • Common Area
  • Sauna
  • Clubhouse
  • Community Storage Space

Recreation

  • Boat Dock
  • Community Boat Facilities
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Stables
  • Trails

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,247

Year Built

2007

Lot Details

0

Parking

2

Listing Details

  • Directions: Enter Falls North Gate off Route 11. Gate code required. Property is located in Jocassee Point section.
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • ResoCommunityFeatures: Boat Facilities, Common Grounds/Area, Clubhouse, Dock, Fitness Center, Golf, Gated, Stable(s), Playground, Pool, Sauna, Storage Facilities, Tennis Court(s), Trails/Paths, Water Access
  • ResoLotFeatures: Cul-De-Sac, Outside City Limits, Subdivision, Views
  • Lot Size Acres: 2.99
  • View Type:Pond View: Water
  • Water Body Name: Keowee
  • MLS Status: Closed
  • Subdivision Name: Cliffs At Keowee Falls North
  • Above Grade Finished Sq Ft: 3167.0
  • Reso Accessibility Features: Low Threshold Shower
  • Architectural Style: Traditional
  • Reso Fireplace Features: Multiple
  • Garage Spaces: 2.0
  • Unit Levels: Two
  • Living Area: 5728.0
  • ResoRoomType: Breakfast Room/Nook, Bonus Room, Kitchen, Laundry, Recreation
  • Reso Window Features: Blinds, Bay Window(s)
  • Year Built Details: 6-10 Years
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Year Built (Public Record): 2007

Interior Features

  • Appliances: Built-In Oven, Double Oven, Dishwasher, Electric Water Heater, Disposal, Ice Maker, Multiple Water Heaters, Microwave, Refrigerator, Smooth Cooktop, Trash Compactor
  • Has Basement: Daylight, Full, Finished, Heated, Interior Entry, Other, See Remarks, Walk-Out Access
  • Interior Amenities: Wet Bar, Bookcases, Ceiling Fan(s), Cathedral Ceiling(s), Dual Sinks, Fireplace, Granite Counters, Garden Tub/Roman Tub, Hot Tub/Spa, Jetted Tub, Bath in Master Bedroom, Main Level Master, Smooth Ceilings, Separate Shower, Walk-In Closet(s), Walk-In Shower, Wired for Sound, Breakfast Area, Second Kitchen
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Possible Bedrooms: 6
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 2561.0
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood, Stone
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Stories: 2

Exterior Features

  • Exterior Features: Deck, Gas Grill, Sprinkler/Irrigation, Outdoor Kitchen, Pool, Porch, Patio
  • Roof: Architectural, Shingle
  • Pool Features: Community, In Ground
  • View: Yes
  • Waterfront Features: Boat Dock/Slip, Water Access
  • Waterfront: Yes
  • Construction Type: Cement Siding, Stone
  • Foundation Details: Basement
  • Patio And Porch Features: Deck, Front Porch, Patio

Garage/Parking

  • Attached Garage: Yes
  • Attached Garage: Yes
  • Parking Features: Attached, Garage, Driveway, Garage Door Opener

Utilities

  • Cooling: Heat Pump, Zoned
  • Cooling Y N: Yes
  • Heating: Heat Pump, Zoned
  • HeatingYN: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Phone Available, Septic Available, Water Available, Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1350.0
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Pool(s), Recreation Facilities, Security, Maintenance Grounds

Schools

  • Elementary School: Tam-Salem Elm
  • High School: Tam-Salem High
  • Middle Or Junior School: Tam-Salem Middl

Lot Info

  • Horse Amenities: Stable(s)
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Parcel #: 039-01-01-020
  • Tax Lot: J45,46&47

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2018
Sold by
Worthington Hyde Partners Ii Lp
Bought by
Cliffs Timber Llc
Total Days on Market
127
Current Estimated Value
$1,812,687

Purchase Details

Listed on
Feb 15, 2017
Closed on
Aug 18, 2017
Sold by
Kucik Joseph K and Kucik Billie Sue
Bought by
Norton David C and Norton Carol J
Seller's Agent
Luxury Lake Living Team
Kw Luxury Lake Living
Buyer's Agent
Mark Blackwell
Cliffs Realty Sales Sc Llc
List Price
$1,159,000
Sold Price
$970,000
Premium/Discount to List
-$189,000
-16.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.27%
Original Mortgage
$700,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 15, 2017
Closed on
Jul 27, 2017
Sold by
Kucik Joseph J and Kucik Billie Sue
Bought by
Worthington Hyde Partners Ii L P
Seller's Agent
Luxury Lake Living Team
Kw Luxury Lake Living
Buyer's Agent
Mark Blackwell
Cliffs Realty Sales Sc Llc
List Price
$1,159,000
Sold Price
$970,000
Premium/Discount to List
-$189,000
-16.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2010
Sold by
Thrift Marie B
Bought by
Grigsby Allan

Purchase Details

Closed on
Jun 30, 2010
Sold by
Plantation Federal Bank
Bought by
Kucik Joseph J and Kucik Billie Sue

Purchase Details

Closed on
Feb 12, 2009
Sold by
Newton Robert N and Newton Margaret B
Bought by
Plantation Federal Bank

Purchase Details

Closed on
Feb 15, 2008
Sold by
Newton Property Development Llc
Bought by
Newton Robert N and Newton Margaret B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
7.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Range of Values:

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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
Cliffs Timber Llc $10,880,000 None Available
Norton David C $970,000 None Available
Worthington Hyde Partners Ii L P -- None Available
Grigsby Allan $7,000 --
Kucik Joseph J $800,000 --
Plantation Federal Bank -- --
Newton Robert N -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Norton David C $700,000
Previous Owner Kucik Joseph J $417,000
Previous Owner Newton Robert N $975,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2017 08/21/17 Sold $970,000 -16.3% $162 / Sq Ft
06/22/2017 06/22/17 Pending -- -- --
02/15/2017 02/15/17 For Sale $1,159,000 -- $193 / Sq Ft
Source: Western Upstate Multiple Listing Service

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 $4,247 $40,494 $7,912 $32,582
2023 $4,304 $40,494 $7,912 $32,582
2022 $4,304 $40,494 $7,912 $32,582
2021 $13,240 $38,748 $7,912 $30,836
2020 $13,240 $0 $0 $0
2019 $13,240 $0 $0 $0
2018 $12,897 $0 $0 $0
2017 $13,293 $0 $0 $0
2016 $13,293 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $61,825 $21,068 $40,758
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western Upstate Multiple Listing Service

MLS Number: 20184660

Western Upstate Multiple Listing Service

APN: 039-01-01-020