NOT LISTED FOR SALE

671 Summer Hill Rd Cullowhee, NC 28723

Estimated Value: $1,826,000 - $2,732,000

3 Beds
3.5 Baths
-- Sq Ft
1.01 Acres

Last Sold October 14, 2016

Last sale price $1,155,000

Est. 95% increase in value since last sale

Current estimated payment $12,635/month

837 Days on Market

Highlights

  • Marina
  • Docks
  • Community Lake
  • Lake Front
  • Gated Community
  • Cathedral Ceiling

About This Home

As of October 2016

This lovely lakefront home sits behind the gates of Summer Hill, one of the finest communities on Lake Glenville. The floor plan flows easily onto the screened porch and deck with beautiful lake and mountain views from most rooms. The living room makes a great first impression with a large stone fireplace and vaulted open-beamed ceiling. A master suite plus two additional bedrooms with baths offers room for guests, and a the large artist's studio upstairs was used by the owner who is a professional artist. Could continue to be a studio or would be an ideal space for an office, bunk room or sitting area. The entire lake frontage is lined with a boulder wall and a large dock is included. Located on the west side of the lake, the home faces southeast in a protected location from inclement weather. Summer Hill is comprised of 35 lots on 85 acres, with wide paved roads, gated entry, tennis, a large common area with pavilion on the lake and the only community boat ramp.

Last Agent to Sell the Property

Ray Trine

Silver Creek Real Estate Group, Inc. Brokerage Phone: 8287431999 Listed on: 05/02/2014

Last Buyer's Agent

Cy Timmons

Allen Tate/Pat Allen Realty Group

Allen Tate/Pat Allen Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,332

Year Built

  • Built in 2001

Lot Details

  • 1.01 Acre Lot
  • Lake Front
  • Lot Has A Rolling Slope

Property Views

  • Lake
  • Mountain

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room with Fireplace
  • Screened Porch
  • Wood Flooring
  • Unfinished Basement
  • Exterior Basement Entry
  • Home Security System
  • Dryer

Kitchen

  • Ice Maker
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Docks

Utilities

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

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 7554-92-1395

Community Details

Overview

  • Property has a Home Owners Association
  • Summer Hill Subdivision
  • Community Lake

Recreation

  • Marina
  • Tennis Courts

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,332

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.01
  • Road Surface Type: Paved
  • Water Body Name: Lake Glenville
  • Subdivision Name: Summer Hill
  • Directions: From Cashiers take Highway 107 North to North Norton - follow North Norton to Lloyd Hooper Road. Turn down Lloyd Hooper and see Summer Hill entrance on right - white gate - take main road down past tennis court and this is the last house before common area. There is one vacant lot between this house and common area.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2001
  • Attribution Contact: 8287431999
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Disposal, Gas Oven, Ice Maker, Refrigerator, Washer
  • Has Basement: Dirt Floor, Exterior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Ceiling Fan(s), Cathedral Ceiling(s), Pantry, Vaulted Ceiling(s), Walk-In Closet(s)

Exterior Features

  • Lot Features: Partially Cleared, Rolling Slope
  • View: Lake, Mountain(s)
  • View: Yes
  • Waterfront Features: Lake, Deeded Access
  • Construction Type: Frame
  • Exterior Features: Dock, Satellite Dish
  • Foundation Details: Poured
  • Patio And Porch Features: Rear Porch, Covered, Porch, Screened
  • Roof: Shingle

Garage/Parking

  • Parking Features: Additional Parking, None, Paved

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Security System
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Satellite Internet Available
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: Gated, Lake, Marina, Park, Tennis Court(s), Water Access
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 43995.6
  • Parcel #: 7554-92-1395
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 4332.0
  • Tax Lot: 3
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2014
Closed on
Oct 1, 2016
Sold by
Rankin Jeff and Rankin David Jeffrey
Bought by
Higginbotham Daryle J and Higginbotham Rebecca K
Seller's Agent
Ray Trine
Silver Creek Real Estate Group, Inc.
Buyer's Agent
Cy Timmons
Allen Tate/Pat Allen Realty Group
List Price
$1,475,000
Sold Price
$1,155,000
Premium/Discount to List
-$320,000
-21.69%
Current Estimated Value
$2,247,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,092,148
Avg. Annual Appreciation
6.08%
Original Mortgage
$417,000
Interest Rate
3.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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
Higginbotham Daryle J $1,155,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Higginbotham Daryle J $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2016 10/14/16 Sold $1,155,000 -21.7% --
10/02/2016 10/02/16 Pending -- -- --
05/02/2014 05/02/14 For Sale $1,475,000 -- --
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 $9,207 $2,422,853 $800,000 $1,622,853
2024 $5,506 $1,449,060 $500,000 $949,060
2023 $6,057 $1,449,060 $500,000 $949,060
2022 $6,067 $1,451,470 $500,000 $951,470
2021 $5,516 $1,451,470 $500,000 $951,470
2020 $5,377 $1,312,430 $550,000 $762,430
2019 $5,377 $1,312,430 $550,000 $762,430
2018 $5,315 $1,296,930 $550,000 $746,930
2017 $5,185 $1,296,930 $550,000 $746,930
2015 $4,332 $1,296,930 $550,000 $746,930
2011 -- $1,425,570 $800,000 $625,570
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 79332

APN: 7554-92-1395