NOT LISTED FOR SALE

0 Rainbow Cir Unit 80 3624023 Lake Lure, NC 28746

Estimated Value: $48,000 - $276,000

0.56 Acre
$243,452 Price per Acre
24,394 Sq Ft Lot

Last Sold January 04, 2021

Last sale price $14,000

Est. 874% increase in value since last sale

Current estimated payment $775/month

182 Days on Market

Highlights

  • Access To Lake
  • Community Lake
  • Recreation Facilities
  • Gated Community
  • Wooded Lot
  • Picnic Area

About This Lot

As of January 2021

Lot is .56 acre and is located inside the main security of Riverbend at Lake Lure. Lot is situated across the street from Mirror Lake and there is views of the lake in the winter. House site was previously cleared and a driveway was cut into the property. Needs minimal prep for building at this time. Riverbend at Lake Lure offers two private lakes and the Broad River for fishing and swimming, private beach, picnic shelters, walking and hiking trails. Broad River is nice for kayaking and tubing. Conveniently located to many points of interest in Western NC, Chimney Rock State Park, Asheville, Hendersonville and the upstate areas of South Carolina. Lot requires well and septic. Annual HOA fees are $550.00.

Last Agent to Sell the Property

Dorothy Barnett

Weichert Realtors Mountain Executives License #175357 Listed on: 05/22/2020

Weichert Realtors Mountain Executives

Last Buyer's Agent

Ken Jordan

Dwell Realty Group License #186726

Dwell Realty Group

Property Details

Property Type

  • Land

Lot Details

  • Level Lot
  • Wooded Lot

HOA Fees

  • $46 Monthly HOA Fees

Utilities

  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 1611817
  • Tax Block 2

Community Details

Overview

  • Ken Jordan Association, Phone Number (828) 691-5009
  • Community Lake

Recreation

  • Recreation Facilities
  • Trails
  • Access To Lake

Additional Features

  • Picnic Area
  • Gated Community

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$46 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.93960
  • Ratio Close Price By Original Li: 1.17647
  • Ratio Current Price By Acre: 25000.00
  • Restrictions: Architectural Review, Livestock Restriction, Manufactured Home Not Allowed, Modular Allowed, Square Feet
  • Special Features: None

Interior Features

  • H O A Management Phone: 828-691-5009

Utilities

  • Sewer: Septic Needed
  • Water: Well Needed

Condo/Co-op/Association

  • Community Features: Gated Community, Lake, Lake Access, Picnic Area, Recreation Area, Street Lights, Walking Trails
  • Association Fee: 550.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Ken Jordan
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Lake Lure Classical Academy
  • Middle School: Lake Lure Classical Academy
  • High School: Lake Lure Classical Academy

Lot Info

  • Lot Features: Lake, Lake Access, Level, Mountain View, Sloping, Water view, Winter View, Wooded
  • Lot Size Area: 0.560
  • Parcel Number: 1611817
  • Zoning Specification: Res
  • Plat Book Slide: 540

Tax Info

  • Tax Value: 5600.00
  • Tax Block: 2
  • Tax Location: Lake Lure

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2020
Closed on
Dec 21, 2020
Sold by
Ridgeline Development Corporation
Bought by
Knapp David D and Knapp Karen B
Seller's Agent
Dorothy Barnett
Weichert Realtors Mountain Executives
Buyer's Agent
Ken Jordan
Dwell Realty Group
List Price
$11,900
Sold Price
$14,000
Premium/Discount to List
$2,100
17.65%
Current Estimated Value
$136,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,333
Avg. Annual Appreciation
61.47%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
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
Knapp David D $14,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2021 01/04/21 Sold $14,000 -6.0% --
11/20/2020 11/20/20 Pending -- -- --
10/23/2020 10/23/20 Price Changed $14,900 +25.2% --
05/22/2020 05/22/20 For Sale $11,900 -- --
Source: Canopy MLS (Canopy Realtor® Association)

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 $67 $12,500 $12,500 $0
2024 $66 $12,500 $12,500 $0
2023 $38 $12,500 $12,500 $0
2022 $38 $5,600 $5,600 $0
2021 $37 $5,600 $5,600 $0
2020 $37 $5,600 $5,600 $0
2019 $37 $5,600 $5,600 $0
2018 $102 $15,000 $15,000 $0
2016 $100 $15,000 $15,000 $0
2013 -- $15,000 $15,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3624023

Canopy MLS (Canopy Realtor® Association)

APN: 1611817