NOT LISTED FOR SALE

605 Ledgeview Rd Cashiers, NC 28717

Estimated Value: $3,962,648 - $4,942,000

4 Beds
6.5 Baths
6,567 Sq Ft
$655/Sq Ft Est. Value

Last Sold June 01, 2020

Last sale price $2,950,000 $449 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $24,386/month

2 Days on Market

Highlights

  • Panoramic View
  • 3.03 Acre Lot
  • Cathedral Ceiling
  • Gated Community
  • Deck
  • Wood Flooring

About This Home

As of June 2020

Perfectly suited for hosting family and friends in comfort and style, this exceptional custom home offers a generous amount of living space on three levels with fine finishes and craftsmanship throughout. Sitting at 3,700 feet in the very desirable gated community of Cedar Hill, it boasts breathtaking long range, layered views across Sapphire to Toxaway Mountain and beyond, with the lush fairways of The Country Club of Sapphire Valley below. An impressive great room complements the incredible vistas with soaring tongue and groove white pine ceilings, substantial architectural timbers, a striking wood-burning stone fireplace and an adjacent wet bar for serving wine and cocktails. Glass doors open to a huge covered deck that brings the outdoors in — a superb venue for watching a colorful sunrise with a hot cup of coffee or simply enjoying the fresh mountain air and picturesque surroundings. Chefs of all skill levels will love cooking in the gorgeous kitchen, which has everything one could dream of: a large center island with seating and display shelves; Sub-Zero refrigerator and freezer; Thermador gas cooktop with two electric ovens; Thermador warming drawer; Sharp microwave drawer; Thermador dishwasher; two KitchenAid dishwashing drawers; two GE Monogram refrigerator drawers; and a GE Monogram undercounter wine cooler. The screened porch with fireplace just off the kitchen is lovely for al fresco dining. Whether it is an intimate gathering or a large party, entertaining guests is a pleasure. The fun can continue downstairs in the family room with its own wet bar and fireplace, as well as space for a pool table and an area for playing cards or sharing a snack while watching the game. Wine connoisseurs will delight in the fully climatized, richly appointed walk-in wine room. Also on the lower floor are a beautiful and spacious office/study, workout room and another covered deck, all overlooking the mountains.

Last Agent to Sell the Property

Jochen Lucke

Silver Creek Real Estate Group, Inc. Brokerage Phone: 8287431999 Listed on: 02/12/2020

Last Buyer's Agent

Merry Soellner

Cashiers Sotheby's International Realty

Cashiers Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,388

Year Built

  • Built in 2009

Lot Details

  • 3.03 Acre Lot
  • Steep Slope

HOA Fees

  • $161 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Driveway

Property Views

  • Panoramic
  • Mountain

Home Design

  • Wood Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Workshop
  • Screened Porch
  • Heated Basement
  • Home Security System
  • Dryer

Kitchen

  • Breakfast Bar
  • Recirculated Exhaust Fan
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Private Water Source

Listing and Financial Details

  • Tax Lot 47
  • Assessor Parcel Number 7582-52-6907

Community Details

Overview

  • Cedar Hill Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,388

Year Built

Built in 2009

Lot Details

0

HOA Fees

$161 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 3.03
  • Subdivision Name: Cedar Hill
  • Directions: From Cashiers Crossroads, travel East on Highway 64 to right at Cedar Hill. Proceed through gate and take immediate left on East Rochester. Follow to left on Parson's View. Follow up hill to Summit, turn right on East Ridge Road, turn left on Ivorybill Way. Turn right on Ledgeview Road. House is on right.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2009
  • Attribution Contact: 8287431999
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Oven, Ice Maker, Microwave, Refrigerator, Washer
  • Has Basement: Heated, Partial
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Wet Bar, Breakfast Bar, Built-in Features, Ceiling Fan(s), Cathedral Ceiling(s), Kitchen Island, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Workshop

Exterior Features

  • Lot Features: Level, Steep Slope
  • View: Mountain(s), Panoramic, Rocks
  • View: Yes
  • Construction Type: Stone, Wood Siding
  • Patio And Porch Features: Rear Porch, Covered, Deck, Patio, Screened
  • Roof: Wood

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Additional Parking, Attached, Driveway, Garage, Three Car Garage

Utilities

  • Security: Security System
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Electric: Generator
  • Sewer: Public Sewer
  • Utilities: Satellite Internet Available
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: Gated, Trails/Paths
  • Association Fee: 1935.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 131986.8
  • Parcel #: 7582-52-6907
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 9388.0
  • Tax Lot: 47
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2020
Sold by
Frowick Donald E and Frowick Wanda Kay
Bought by
Frowick Properties 4 Llc
Current Estimated Value
$4,302,549

Purchase Details

Listed on
Feb 12, 2020
Closed on
Jul 23, 2020
Sold by
Frowick Donald E and Frowick Wanda K
Bought by
Frowick Donald E and Frowick Wanda Kay
Seller's Agent
Jochen Lucke
Silver Creek Real Estate Group, Inc.
Buyer's Agent
Merry Soellner
Cashiers Sotheby's International Realty
List Price
$2,995,000
Sold Price
$2,950,000
Premium/Discount to List
-$45,000
-1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.12%

Purchase Details

Listed on
Feb 12, 2020
Closed on
Jun 1, 2020
Sold by
Quinlivan John A and Quinlivan Madonna C
Bought by
Frowick Donald E and Frowick Mary Kay
Seller's Agent
Jochen Lucke
Silver Creek Real Estate Group, Inc.
Buyer's Agent
Merry Soellner
Cashiers Sotheby's International Realty
List Price
$2,995,000
Sold Price
$2,950,000
Premium/Discount to List
-$45,000
-1.5%

Purchase Details

Listed on
Mar 9, 2009
Closed on
Dec 5, 2013
Sold by
Ledgeview Partners Llc
Bought by
Quinlivan John A and Quinlivan Madonna C
List Price
$3,495,000
Sold Price
$2,000,000
Premium/Discount to List
-$1,495,000
-42.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.17%
Original Mortgage
$1,600,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Frowick Properties 4 Llc -- None Available
Frowick Donald E -- None Available
Frowick Donald E $2,950,000 None Available
Quinlivan John A $2,000,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Quinlivan John A $1,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/01/2020 06/01/20 Sold $2,950,000 -1.5% $449 / Sq Ft
03/15/2020 03/15/20 Pending -- -- --
02/12/2020 02/12/20 For Sale $2,995,000 +49.8% $456 / Sq Ft
12/05/2013 12/05/13 Sold $2,000,000 -42.8% $305 / Sq Ft View Prior Sale
11/08/2013 11/08/13 Pending -- -- --
03/09/2009 03/09/09 For Sale $3,495,000 -- $532 / 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 $18,041 $4,747,533 $400,000 $4,347,533
2024 $11,127 $2,928,060 $350,000 $2,578,060
2023 $12,127 $2,928,060 $350,000 $2,578,060
2022 $12,127 $2,928,060 $350,000 $2,578,060
2021 $14,975 $3,783,750 $700,000 $3,083,750
2020 $8,908 $2,156,980 $700,000 $1,456,980
2019 $2,823 $700,000 $700,000 $0
2018 $2,823 $700,000 $700,000 $0
2017 $9,158 $2,301,760 $350,000 $1,951,760
2015 $9,248 $2,301,760 $350,000 $1,951,760
2011 -- $3,068,250 $550,000 $2,518,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 92903

APN: 7582-52-6907