NOT LISTED FOR SALE

516 Lower Lake Rd Highlands, NC 28741

Estimated Value: $2,641,000 - $5,895,000

6 Beds
4 Baths
-- Sq Ft
7.27 Acres

Last Sold April 22, 2015

Last sale price $1,331,590

Est. 253% increase in value since last sale

Current estimated payment $28,919/month

874 Days on Market

Highlights

  • Lake View
  • Community Lake
  • Vaulted Ceiling
  • 7.27 Acre Lot
  • Deck
  • 5-minute walk to Sunset Rock and Ravenel Park

About This Home

As of April 2015

Escape to this historic, 1920s Highlands estate & luxuriate in privacy on 7.27 +/- acres, w/an easy walk to Main St. The 4 BR/3 BA main house features gorgeous woodwork, large stone fireplace in the living & dining rooms, large country kitchen, laundry/mud room, and library. The charming, 2 BR/1 BA guest house has wood floors throughout, a claw foot tub/shower in the bathroom & an open deck.

Last Agent to Sell the Property

Susie DeVille

deVille Realty Group Brokerage Phone: 8285268118 Listed on: 09/03/2012

Last Buyer's Agent

Alicen Phillips

Country Club Prop. / Mt. Fresh

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,400

Year Built

  • Built in 1920

Lot Details

  • 7.27 Acre Lot
  • Lot Has A Rolling Slope
  • Garden

Property Views

  • Lake
  • Woods

Home Design

  • Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Stone Fireplace
  • Living Room with Fireplace
  • Wood Flooring
  • Crawl Space
  • Dryer

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 1 Carport Space
  • Circular Driveway

Outdoor Features

  • Deck
  • Patio

Utilities

  • No Cooling
  • Baseboard Heating
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 7540704995

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,400

Year Built

Built in 1920

Lot Details

7.27 Acres

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 7.27
  • Road Surface Type: Gravel
  • Subdivision Name: None
  • Directions: From Highlands' Main Street, take a left onto 6th Street and a right onto Lower Lake Road. Follow around the lake and continue on to #516 on the left. *PLEASE NOTE: THERE ARE NO SEPTIC RECORDS FOR THIS PROPERTY. WE CANNOT WARRANT THE SIZE OF THE DRAINFIELD.*
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1920
  • Attribution Contact: 8285268118
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Electric Oven, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Fireplace Features: Living Room, Other, Stone, Wood Burning
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Separate/Formal Dining Room, Garden Tub/Roman Tub, Pantry, Vaulted Ceiling(s)

Exterior Features

  • Lot Features: Other, Partially Cleared, Rolling Slope
  • View: Lake, Trees/Woods
  • View: Yes
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Garden, Other
  • Patio And Porch Features: Deck, Patio
  • Roof: Metal

Garage/Parking

  • Carport Spaces: 1.0
  • Covered Parking Spaces: 1.0
  • Parking Features: Circular Driveway, Carport, Gravel

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Gas
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Lake, Other, Park, Trails/Paths
  • Association: No

Lot Info

  • Lot Size Sq Ft: 316681.2
  • Parcel #: 7540704995
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 9400.3
  • Tax Lot: 0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 1996
Sold by
Freeman Iii Richard West
Bought by
Freeman-Draughn Enterprise
Current Estimated Value
$4,701,286
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Freeman-Draughn Enterprise -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2015 04/22/15 Sold $1,331,590 -49.8% --
02/27/2015 02/27/15 Pending -- -- --
09/03/2012 09/03/12 For Sale $2,650,000 -- --
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 -- $5,796,860 $3,635,000 $2,161,860
2024 -- $5,796,860 $3,635,000 $2,161,860
2023 $12,483 $5,796,860 $3,635,000 $2,161,860
2022 $12,483 $2,087,800 $1,000,000 $1,087,800
2021 $12,483 $2,091,600 $1,000,000 $1,091,600
2020 $11,954 $2,091,600 $1,000,000 $1,091,600
2018 $8,810 $1,645,620 $1,230,080 $415,540
2017 -- $1,881,500 $1,230,080 $651,420
2016 $10,045 $1,881,500 $1,230,080 $651,420
2015 -- $1,881,500 $1,230,080 $651,420
2014 $9,729 $2,188,250 $1,574,680 $613,570
2013 -- $2,188,250 $1,574,680 $613,570
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 75971

APN: 7540704995

Your Personal Tour Guide

Ask me questions while you tour the home.