For SaleRisky Deal118 days on market
205 Chowan Drive
205 Chowan Drive, Highlands, NC 28741, Highlands, NC 28741
$599,000
Estimate®:$576,100
Listing Price
205 Chowan Drive, Highlands, NC 28741
Loc: Highlands, NC
Days Listed
118
Tax Assessed
$380k
Estimate®
$576k
Market Rate
Lot Size
10,454 sqft
Rent Estimate
$2,624/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
6
Highlands School
K-12
1.5 mi away
6
Macon Middle School
7-8
10.6 mi away
3
Mountain View Intermediate School
5-6
10.8 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
cottagerusticexposed beamsvaulted ceilingwood flooringnatural lightopen conceptwoodland viewcozycabin aestheticskylightfarmhouse decorindoor-outdoor flowcontemporary interiorserene
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.19%
Total ROI
28.2%
Cash Flow
$-1,516/mo
DSCR
0.51
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,516/mo net cash flow with a 3.2% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Highlands, NC
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-07 | Price change | $599,000 | – |
| 2026-05-28 | Listed for sale | $649,000 | – |
| 2025-11-20 | Listing removed | $715,000 | – |
| 2025-08-20 | Price change | $715,000 | – |
| 2025-07-03 | Listed for sale | $615,000 | – |
| 2025-06-25 | Contingent | $615,000 | – |
| 2025-05-13 | Listed for sale | $615,000 | – |
| 2017-09-27 | Sold | $195,000 | – |
| 2017-08-08 | Pending sale | $195,000 | – |
| 2016-11-21 | Listed for sale | $195,000 | – |
| 2015-03-02 | Sold | $135,000 | – |
| 2014-12-17 | Price change | $150,000 | – |
| 2014-11-15 | Price change | $195,000 | – |
| 2014-06-03 | Listed for sale | $199,000 | – |
| 2013-06-06 | Listing removed | $221,000 | – |
| 2013-03-28 | Price change | $221,000 | – |
| 2012-10-09 | Price change | $233,000 | – |
| 2012-08-26 | Price change | $247,500 | – |
| 2012-08-14 | Price change | $310,000 | – |
| 2012-06-15 | Price change | $215,000 | – |
| 2012-04-16 | Listed for sale | $225,000 | – |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $1,606.24 | $379,820 |
| 2024 | $1,606.24 | $379,820 |
| 2023 | $1,594.24 | $379,820 |
| 2022 | $1,681.23 | $268,240 |
| 2021 | $1,681.23 | $268,240 |
| 2020 | $1,613.37 | $268,240 |
| 2019 | $1,600.37 | $268,240 |
| 2018 | $800.09 | $134,610 |
| 2017 | $0 | $134,610 |
| 2016 | $0 | $134,610 |
| 2015 | $800.09 | $132,890 |
| 2014 | $768.08 | $139,520 |
| 2013 | $768.08 | $139,520 |
| 2012 | $0 | $139,520 |
| 2011 | $0 | $139,520 |
| 2010 | $0 | $139,520 |
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