NOT LISTED FOR SALE

55 4 1/2 St Highlands, NC 28741

Estimated Value: $3,084,000 - $5,003,368

11 Beds
11.5 Baths
1,200 Sq Ft
$3,311/Sq Ft Est. Value

Last Sold December 29, 2016

Last sale price $955,000 $796 Per Sq Ft

Est. 316% increase in value since last sale

Current estimated payment $21,943/month

93 Days on Market

Highlights

  • Spa
  • Wood Flooring
  • Covered Patio or Porch
  • Deck
  • No HOA
  • Balcony

About This Home

As of December 2016

Celebrating their 20th Season in 2016, the 4 1/2 Street Inn is a much-loved Highlands destination. Tucked away on a quiet street in the heart of Highlands, the Inn is the perfect getaway. With 10 guest rooms and spacious owners' quarters, the Inn affords plenty of room for family reunions, wedding parties, and gatherings of friends. Features include: wrap around porch, open deck, 4 fireplaces, hardwood flooring throughout, spacious dining and kitchen areas, fire sprinkler system, plenty of parking, and unbeatable location. Mature landscaping and gorgeous grounds complete this mountain paradise. Per the Town of Highlands, you may subdivide .50 acres that fronts on Chestnut St. (would make an incredible walk-to-Main Street building site). Investors may elect to continue to operate the Inn as a Bed & Breakfast, or may convert the Inn into a stately home. For investors seeking the perfect in-town rental property, this opportunity cannot be beat. With 11 bedrooms and 11 1/2 baths, this property would be a VRBO.com dream rental property! Most furnishings are negotiable. Complete serenity in peaceful surroundings, this delightful Bed & Breakfast Inn — nestled in the cool elevations of the Blue Ridge Mountains and less then an hour from the Great Smoky Mountains—will ease you into a simpler time. Whether you choose to settle in with a good book, relax by the fire or ride bicycles into town, the Inn offers the ultimate comfort, charm and convenience. Just a short walk from many of Highlands' unique restaurants, some of which hold the prestigious Wine Spectator's Award of Excellence. Rich in culture, Highlands offers a full calendar of events including Chamber Music, Theater, Art Exhibits, and more! *Permitted uses: unlimited short-term/vacation rentals; for longer-term rentals (e.g., employee housing). you are permitted to have 5 unrelated people occupying the property. If you maintain B & B status, you are permitted to host weddings, receptions, and corporate functions.*

Last Agent to Sell the Property

Susie DeVille

deVille Realty Group Brokerage Phone: 8285268118 Listed on: 07/26/2016

Last Buyer's Agent

Susie DeVille

deVille Realty Group Brokerage Phone: 8285268118 Listed on: 07/26/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,100

Year Built

  • Built in 1910

Lot Details

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

Home Design

  • Frame Construction
  • Shingle Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Furnished or left unfurnished upon request
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Living Room with Fireplace
  • Wood Flooring
  • Exterior Basement Entry
  • Fire Sprinkler System
  • Dryer
  • Property Views

Kitchen

  • Recirculated Exhaust Fan
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 11 Bedrooms

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • Spa
  • Balcony
  • Deck
  • Covered Patio or Porch

Utilities

  • No Cooling
  • Central Heating
  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 7540520484

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,100

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.03
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Directions: From Main Street, 64 East towards Cashiers, right on Chestnut, left on 4 1/2 Street. Inn is located on the top of the hill on the right.
  • Architectural Style: Other
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1910
  • Attribution Contact: 8285268118
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Furnished: Negotiable
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Oven, Ice Maker, Refrigerator, Washer
  • Accessibility Features: Other, Accessible Entrance
  • Has Basement: Dirt Floor, Exterior Entry
  • Full Bathrooms: 11
  • Half Bathrooms: 1
  • Total Bedrooms: 11
  • Fireplace Features: Den, Living Room, Stone, Wood Burning
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Ceiling Fan(s), Pantry

Exterior Features

  • Lot Features: Other, Partially Cleared, Rolling Slope, Subdivided
  • View: Other
  • View: Yes
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Garden, Satellite Dish
  • Foundation Details: Block
  • Patio And Porch Features: Balcony, Rear Porch, Covered, Deck, Front Porch, Other, Patio, Porch
  • Roof: Metal, Shingle

Garage/Parking

  • Parking Features: Additional Parking, Gravel, Other, Parking Lot

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Fire Sprinkler System
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Trails/Paths
  • Association: No

Lot Info

  • Lot Size Sq Ft: 44866.8
  • Parcel #: 7540520484
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 5100.43
  • Tax Lot: 0
  • Tax Year: 2015

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2016 12/29/16 Sold $955,000 -20.4% $796 / Sq Ft
12/21/2016 12/21/16 Pending -- -- --
07/26/2016 07/26/16 For Sale $1,200,000 -- $1,000 / 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 $10,563 $2,668,810 $672,000 $1,996,810
2024 $10,638 $2,668,810 $672,000 $1,996,810
2023 $8,744 $2,688,010 $672,000 $2,016,010
2022 $8,744 $1,472,440 $249,600 $1,222,840
2021 $8,744 $1,472,440 $249,600 $1,222,840
2020 $8,371 $1,472,440 $249,600 $1,222,840
2018 $4,711 $881,190 $252,000 $629,190
2017 -- $913,770 $252,000 $661,770
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 84482

APN: 7540521501