$579,000
↓ $16K (2.7%)
●
House -
For Sale
46 Indian Summer Lane
Mill Spring, NC 28756
4 Beds
2 Baths,
1
Half Bath
1,912 Ft²
$2,941
Est. Monthly
$98
HOA / Fees
About This Property
Enjoy mountain views at home and lake access from your very own
deeded boat slip at nearby North Park Marina. Located in the Lake
Adger community, 46 Indian Summer Lane offers four bedrooms and two
and a half bathrooms. The main level includes the primary bedroom
and bathroom, with three additional bedrooms upstairs. A charming
covered front porch (complete with a porch swing), large back deck,
and patio space provide comfortable outdoor space to enjoy the
setting and views. Plenty of room to store your boat in the
off-season in the garage which has a covered entrance into the
laundry room. Crawl space has been encapsulated and a new private
well was added just a couple years ago. The home sits on a usable
2.07-acre corner lot with privacy between neighboring properties.
Whether used as a full-time home or a Lake Adger retreat, this
property offers access to both the mountains and the lake.
Unit Size
1,912 Ft²
Days on Market
-
Land Size
2.07 acres
Price per sqft
$303
Property Type
House
Property Taxes
-
HOA Dues
$98
Year Built
2003
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (CANOPYMLS #CAR4404587)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 14, 2026 | Price Decreased |
$579,000
↓ $16K
(2.7%) | |
| Price Decreased | |||
| Jul 16, 2026 | Listed by Coldwell Banker Advantage | $595,000 | |
| Listed by Coldwell Banker Advantage | |||
| Apr 2, 2025 | Sold | ||
| Sold | |||
| Mar 6, 2025 | In contract | - | |
| In contract | |||
| Jan 30, 2025 | Listed by Allen Tate/Beverly-Hanks Hendersonville | $550,000 | |
| Listed by Allen Tate/Beverly-Hanks Hendersonville | |||
| | |||
|
Charming Cape Cod-style home at Lake Adger. This home features year-round mountain views and has a deeded boat slip at the nearby North Park Marina. As you enter, you're greeted by a 2-story entryway that leads to a spacious great room featuring a cozy gas-log fireplace, perfect for relaxing. The eat-in kitchen boasts modern stainless-steel appliances, catering to both casual meals and entertaining. The main level hosts the primary bedroom ensuite, providing convenience and privacy. Upstairs, you'll find additional bedrooms that can serve as guest rooms, home offices, or creative spaces. Outdoor living is enhanced by a welcoming front porch and a large back deck, ideal for enjoying the beautiful mountain views and the tranquility of the surrounding nature. Lake Adger is a recreational lake where you can enjoy boating, kayaking, fishing and swimming. The Lake Adger Community is a planned community with 3250 +/- acres and includes 13 miles of private equestrian and hiking trails.
| |||
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Property Highlights
Garage
Fireplace
Parking Details
Has Garage
Parking Features: Driveway, Attached, Garage Door Opener
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Entrance Foyer, Pantry, Walk-In Closet(s)
Appliances: Dishwasher, Electric Oven, Refrigerator, Washer/Dryer
Flooring Type: Carpet, Wood
Laundry Features: Laundry Room, Main Level
Has Fireplace
Fireplace Features: Gas
Exterior Details
Square Footage: 1912
Architectural Style: Cape Cod
Year Built: 2003
Waterfront Features: Boat Ramp – Community, Boat Slip (Deed) (Off Site), Boat Slip – Community
Waterbody Name: Lake Adger
Levels: Two
Construction Materials: Wood Siding
Patio and Porch Features: Awning(s), Covered, Deck, Front Porch, Patio, Rear Porch
Lot Features: Corner Lot, Wooded, Views
Lot Size Area: 2.07
Lot Size Units: Acres
Lot Size Acres: 2.07
Lot Size Square Feet: 90169.2
Water Source: Shared Well, Well, See Remarks
Financial Details
Tax Assessed Value: $428,420
Utilities Details
Cooling Type: Electric, Heat Pump
Heating Type: Electric, Heat Pump
Sewer : Septic Installed
Location Details
HOA/Condo/Coop Amenities: Trail(s)
HOA Fee: $98
HOA Fee Frequency: Monthly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Polk
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Listed by: Rosie Dugan, Coldwell Banker Advantage
Last Updated: 2 months ago
Data Source: CANOPYMLS, MLS# CAR4404587
Last Updated: 2 months ago
Data Source: CANOPYMLS, MLS# CAR4404587
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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