NOT LISTED FOR SALE

75 Billy Cabin Rd Highlands, NC 28741

Estimated Value: $1,771,000 - $2,599,000

3 Beds
3 Baths
-- Sq Ft
1.86 Acres

Last Sold March 02, 2020

Last sale price $1,150,000

Est. 93% increase in value since last sale

Current estimated payment $12,081/month

451 Days on Market

Highlights

  • Lake Front
  • 1.86 Acre Lot
  • Deck
  • Docks
  • Community Lake
  • Cathedral Ceiling

About This Home

As of March 2020

Absolutely stunning Highlands lakeside classic! Originally built by Atlanta designers; Hal Ainsworth and Winton Noah, the home was featured in the Spring 1996 edition of Veranda Magazine. The current owner has lovingly refreshed this property, inside and out with the talents of Tommy Lam Designs. Just over a mile and just under three minutes from Highlands Post Office, the gated and very private 1.8 +/- acres gently slopes to the private lake shared with only three other homes and has just been re-stocked with trout. The home is of post and beam construction with soaring cathedral ceilings in the great room which opens to the large screen porch with lake views. The wood-burning fireplace has been fitted with gas logs. There is a separate formal dining room. The casual kitchen opens to an "al fresco" dining deck and small garden featuring a vintage fountain and boxwoods. There are two bedroom suites on the main level and a very large suite on the upper level with balcony overlooking the great room. Perhaps the most captivating features of this property include the deck overlooking the lake with steps down to the dock and the glass enclosed "pout house" on the banks. All the right ingredients for your very own "Summer Camp".

Last Agent to Sell the Property

Doug Helms

Christie's International Real Estate Highlands-Cashiers Brokerage Phone: 8285264663 Listed on: 10/26/2018

Last Buyer's Agent

Deborah Gleeson

Christie's International Real Estate Highlands-Cashiers

Christie's International Real Estate Highlands-Cashiers

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,065

Year Built

  • Built in 1994

Lot Details

  • 1.86 Acre Lot
  • Lake Front
  • Lot Has A Rolling Slope
  • Garden

Home Design

  • Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Screened Porch
  • Lake Views
  • Dryer

Kitchen

  • Recirculated Exhaust Fan
  • Microwave
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • Detached Garage
  • 2 Carport Spaces

Outdoor Features

  • Docks
  • Deck

Utilities

  • Central Air
  • Heating Available
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Mirrormont Subdivision
  • Community Lake

Listing and Financial Details

  • Tax Lot 49 revised
  • Assessor Parcel Number 7540168461

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,065

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.86
  • Road Surface Type: Gravel
  • Subdivision Name: Mirrormont
  • Directions: From Highlands Main Street, Franklin Road and bear right on Mirror Lake Road, then bear right on Hicks Road to Billy Cabin Road on the left. First house on the right.
  • Architectural Style: Bungalow
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1994
  • Attribution Contact: 8285264663
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Exhaust Fan, Gas Oven, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space, Exterior Entry
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Living Room, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Cathedral Ceiling(s), Separate/Formal Dining Room, Kitchen Island

Exterior Features

  • Lot Features: Partially Cleared, Rolling Slope
  • View: Lake
  • View: Yes
  • Waterfront Features: Lake
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Dock, Garden
  • Other Structures: Gazebo
  • Patio And Porch Features: Rear Porch, Covered, Deck, Front Porch, Porch, Screened
  • Roof: Metal

Garage/Parking

  • Carport Spaces: 2.0
  • Covered Parking Spaces: 2.0
  • Parking Features: Carport, Detached, Gravel

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Gas
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Lake
  • Association: No

Lot Info

  • Lot Size Sq Ft: 81021.6
  • Parcel #: 7540168461
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 3064.95
  • Tax Lot: 49 revised
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2018
Closed on
Feb 25, 2020
Sold by
Smithson Kathleen and Smithson James D
Bought by
Lowe Susa Long and Susan Long Lowe 2012 Trust
Seller's Agent
Doug Helms
Christie's International Real Estate Highlands-Cashiers
Buyer's Agent
Deborah Gleeson
Christie's International Real Estate Highlands-Cashiers
List Price
$1,350,000
Sold Price
$1,150,000
Premium/Discount to List
-$200,000
-14.81%
Current Estimated Value
$2,222,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,072,572
Avg. Annual Appreciation
11.92%

Purchase Details

Listed on
Sep 6, 2016
Closed on
Apr 20, 2017
Sold by
Chasstain Victoria F and Chastain Joseph
Bought by
Smithson Kathleen
Seller's Agent
Terry Potts
Country Club Properties
Buyer's Agent
Doug Helms
Christie's International Real Estate Highlands-Cashiers
List Price
$1,150,000
Sold Price
$1,050,000
Premium/Discount to List
-$100,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.24%
Source: Public Records
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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
Lowe Susa Long $1,150,000 None Available
Smithson Kathleen -- None Available
Smithson Kathleen -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/02/2020 03/02/20 Sold $1,150,000 -14.8% --
02/21/2020 02/21/20 Pending -- -- --
10/26/2018 10/26/18 For Sale $1,350,000 +28.6% --
04/26/2017 04/26/17 Sold $1,050,000 -8.7% -- View Prior Sale
03/14/2017 03/14/17 Pending -- -- --
09/15/2016 09/15/16 For Sale $1,150,000 -- --
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 $5,506 $1,641,400 $229,460 $1,411,940
2024 $5,506 $1,641,400 $229,460 $1,411,940
2023 $5,096 $1,641,400 $229,460 $1,411,940
2022 $5,096 $1,018,810 $273,600 $745,210
2021 $4,385 $874,170 $273,600 $600,570
2020 $3,069 $655,530 $273,600 $381,930
2018 $3,317 $787,700 $385,910 $401,790
2017 $3,296 $787,700 $385,910 $401,790
2016 $3,296 $782,700 $380,910 $401,790
2015 $3,076 $782,700 $380,910 $401,790
2014 $3,049 $1,033,800 $563,210 $470,590
2013 -- $1,033,800 $563,210 $470,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 89663

APN: 7540168461