NOT LISTED FOR SALE

723 E Rochester Dr Cashiers, NC 28717

Estimated Value: $2,124,433 - $3,993,000

4 Beds
4.5 Baths
-- Sq Ft
4.39 Acres

Last Sold April 25, 2019

Last sale price $1,875,000

Est. 56% increase in value since last sale

Current estimated payment $16,176/month

118 Days on Market

Highlights

  • Docks
  • Home fronts a pond
  • View of Trees or Woods
  • Spa
  • Gated Community
  • 4.39 Acre Lot

About This Home

As of April 2019

A James Kneisley masterpiece in one of the most breathtaking and private settings you will find on the Plateau. James Kneisley has been building custom homes for over 35 years and saved his best work for last! He spent over three years creating this one of a kind mountain chalet on 4.39 private acres in Cedar Hill. The home is situated with views of its own 250 foot waterfall, in addition to an eight foot deep pond and a spillway. Impeccably landscaped, there is a level 3 trout stream, hiking trails and a gas lit outdoor fire-pit. Enjoy the changing of the seasons from the hot tub on the wraparound porch while you listen to the sounds of falling water and watch the local wildlife in this serene mountain setting just 5 minutes from Cashiers. This traditional, timber frame mountain chalet with antique, heart of pine exterior siding has 4 bedrooms and 4.5 baths with every luxury imaginable including a master bath w/ 3 head steam shower, upstairs W/D, appliance garages to mention a few. Parking for 12-15 cars with a detached garage and carport. Thoughtful attention to detail has been given for easy turn around for you and your guests as well as sizable delivery trucks. The siding, porch rafters, window and door trim, fascia, soffits, garage doors on all three buildings are antique heart pine. The round poles came from tobacco barns in North Carolina. The porch floors are local white oak milled from a 100 year old grove in Little Canada, North Carolina. White oak and cherry hand-hewn timbers inside are over 200 years old from old barns. The interior beams and poles were installed by European artisans with exemplary joinery craftsmanship. The house floors are white oak reclaimed from a barn. The four piece granite fireplace surround was inspired by an 18th century English cottage. Property comes w/ an option to join the SV Master Association w/ all amenities, including golf, tennis, private lake, fitness center, ski slope, swimming pool and much more.

Last Agent to Sell the Property

Dan Doughty

EXP Realty LLC Brokerage Phone: 8287430510 License #300273 Listed on: 11/02/2018

EXP Realty LLC

Last Buyer's Agent

Ken Fernandez

Allen Tate - Sapphire License #226159

Allen Tate - Sapphire

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,918

Year Built

  • Built in 2013

Lot Details

  • 4.39 Acre Lot
  • Home fronts a pond
  • Home fronts a stream
  • Wooded Lot
  • Garden

HOA Fees

  • $132 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • 1 Carport Space

Home Design

  • Farmhouse Style Home
  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Wet Bar
  • Furnished or left unfurnished upon request
  • Wired For Sound
  • Built-In Features
  • Cathedral Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Stone Fireplace
  • Fireplace Features Masonry
  • Living Room with Fireplace
  • Views of Woods
  • Dryer

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Double Convection Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Concrete

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Spa
  • Docks
  • Deck
  • Wrap Around Porch
  • Patio
  • Outdoor Water Feature
  • Fire Pit

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Private Water Source
  • Shared Well
  • Septic Tank

Listing and Financial Details

  • Tax Lot 58rev
  • Assessor Parcel Number 7582-32-1704

Community Details

Overview

  • Cedar Hill Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,918

Year Built

Built in 2013

Lot Details

0

HOA Fees

$132 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 4.39
  • Road Surface Type: Paved
  • Water Body Name: Rochester Creek
  • Subdivision Name: Cedar Hill
  • Directions: From Cashiers head east on 64 to entrance of Cedar Hill. Go straight after gate and make and immediate left onto Eash Rochester and go past The Summit and the house will be down on your left and the name of the house is Handmade
  • Architectural Style: Craftsman, Farmhouse, Post and Beam
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2013
  • Attribution Contact: 8287430510
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Furnished: Negotiable
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Built-In Oven, Convection Oven, Double Oven, Dryer, Dishwasher, Exhaust Fan, Freezer, Disposal, Gas Oven, Ice Maker, Microwave, Refrigerator, Wine Cooler
  • Has Basement: Encapsulated, Full, Finished, Bath/Stubbed, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Living Room, Masonry, Stone, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Concrete, Wood
  • Interior Amenities: Wet Bar, Breakfast Bar, Built-in Features, Cathedral Ceiling(s), Eat-in Kitchen, Kitchen Island, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Wired for Sound, Instant Hot Water
  • Window Features: Skylight(s)

Exterior Features

  • Lot Features: Level, Pond on Lot, Wooded, Waterfall
  • View: Creek/Stream, Trees/Woods
  • View: Yes
  • Waterfront Features: Pond, Stream, Deeded Access
  • Construction Type: Frame, Stone, Wood Siding
  • Exterior Features: Dock, Fire Pit, Garden, Satellite Dish, Water Feature
  • Patio And Porch Features: Rear Porch, Covered, Deck, Front Porch, Patio, Porch, Wrap Around
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 1.0
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 2.0
  • Parking Features: Carport, Detached, Garage, Two Car Garage, Gravel, Paved, Parking Lot

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Radon Mitigation System
  • Cooling: Heat Pump, Zoned
  • Cooling Y N: Yes
  • Heating: Gas, Heat Pump, Multi-Fuel, Zoned
  • Heating Yn: Yes
  • Sewer: Sewer Applied for Permit, Septic Tank
  • Utilities: High Speed Internet Available
  • Water Source: Private, Shared Well

Condo/Co-op/Association

  • Community Features: Gated, Trails/Paths, Water Access
  • Association Fee: 1585.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 191228.4
  • Parcel #: 7582-32-1704
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 3918.0
  • Tax Lot: 58rev
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2021
Sold by
Olmsted Michael and Olmsted Dawn
Bought by
Olmsted Michael Wayne and Olmsted Dawn Upchurch
Current Estimated Value
$2,925,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Outstanding Balance
$1,044,396
Interest Rate
2.37%
Mortgage Type
New Conventional
Estimated Equity
$1,881,462

Purchase Details

Listed on
Nov 2, 2018
Closed on
Apr 24, 2019
Sold by
Kneisley James
Bought by
Olmsted Michael and Olmstead Dawn
Seller's Agent
Dan Doughty
EXP Realty LLC
Buyer's Agent
Ken Fernandez
Allen Tate - Sapphire
List Price
$1,895,000
Sold Price
$1,875,000
Premium/Discount to List
-$20,000
-1.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.99%
Original Mortgage
$1,406,250
Interest Rate
3.2%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 11, 2012
Sold by
Coyle Gary A
Bought by
Coyle Teresa D and Kneisley James

Purchase Details

Closed on
Feb 14, 2005
Sold by
Coyle Janice F
Bought by
Cyle Gary A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Olmsted Michael Wayne -- Boston National Title
Olmsted Michael $1,875,000 --
Coyle Teresa D $85,000 None Available
Cyle Gary A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olmsted Michael Wayne $1,150,000
Closed Olmsted Michael $1,406,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2019 04/25/19 Sold $1,875,000 -1.1% --
03/26/2019 03/26/19 Pending -- -- --
11/02/2018 11/02/18 For Sale $1,895,000 -- --
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 $7,118 $1,873,164 $150,000 $1,723,164
2024 $4,011 $1,055,400 $150,000 $905,400
2023 $4,446 $1,055,400 $150,000 $905,400
2022 $4,446 $1,055,400 $150,000 $905,400
2021 $4,011 $1,055,400 $150,000 $905,400
2020 $3,918 $950,760 $150,000 $800,760
2019 $3,918 $950,760 $150,000 $800,760
2018 $3,918 $950,760 $150,000 $800,760
2017 $3,823 $950,760 $150,000 $800,760
2015 $3,956 $950,760 $150,000 $800,760
2011 -- $400,000 $400,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 89711

APN: 7582-32-1704