NOT LISTED FOR SALE

1010 Overlook Cove Rd Unit 55 Morganton, NC 28655

Lake James Neighborhood

Estimated Value: $1,971,000 - $2,507,049

4.34 Acres
$515,904 Price per Acre
189,050 Sq Ft Lot

Last Sold September 24, 2020

Last sale price $377,000

Est. 494% increase in value since last sale

Current estimated payment $12,727/month

33 Days on Market

Highlights

  • Waterfront
  • Private Lot
  • Trails
  • Clubhouse
  • Community Pool

About This Lot

As of September 2020

Awe-inspiring view from this perch on a high bank over-looking arguably the most beautiful location on Lake James. With protected state park land on the left and renowned Linville Gorge just to the north, there is no better future back deck view available. Although there is a steep bank, there is also an easy access area to the waterfront below, down the left side of the lot. Build outdoor living space there and a rack for your paddling toys. It's even a great place to beach the boat for the day when you're not storing it on your deeded wet-slip at nearby SouthPointe pool and clubhouse area. Located close to bustling downtown Morganton.

Last Agent to Sell the Property

Bryan Jones

Keller Williams Unified License #212972 Listed on: 07/15/2020

Keller Williams Unified

Co-Listed By

Fletcher Edens

Keller Williams Unified License #226103

Keller Williams Unified

Last Buyer's Agent

Fletcher Edens

Keller Williams Unified License #226103

Keller Williams Unified

Property Details

Property Type

  • Land

Lot Details

  • Waterfront
  • Private Lot

HOA Fees

  • $121 Monthly HOA Fees

Utilities

  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 58661

Community Details

Overview

  • Catawba Valley Prop. Management Association, Phone Number (828) 439-8834

Amenities

  • Clubhouse

Recreation

  • Community Pool
  • Trails

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$121 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.94486
  • Ratio Close Price By Original Li: 0.94486
  • Ratio Current Price By Acre: 86866.36
  • Restrictions: Architectural Review, Square Feet
  • Additional Information: Perc Report
  • Special Features: None

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Partially Finished
  • H O A Management Phone: 828-439-8834

Exterior Features

  • Construction Type: Site Built

Utilities

  • Sewer: Septic Needed
  • Water: County Water

Condo/Co-op/Association

  • Community Features: Club House, Outdoor Pool, Street Lights, Walking Trails
  • Association Fee: 1455.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Catawba Valley Prop. Management
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Features: Lake, Lake Access, Long Range View, Mountain View, Private, Views, Water view, Waterfront, Winter View, Year Round View
  • Lot Size Area: 4.340
  • Parcel Number: 58661
  • Zoning Specification: PRMU-CD

Tax Info

  • Tax Value: 331700.00
  • Tax Location: Morganton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2020
Closed on
Sep 21, 2020
Sold by
Borgelt William B
Bought by
Bartholomew David A and Bartholomew Neva E
Seller's Agent
Bryan Jones
Keller Williams Unified
Buyer's Agent
Fletcher Edens
Keller Williams Unified
List Price
$399,000
Sold Price
$377,000
Premium/Discount to List
-$22,000
-5.51%
Current Estimated Value
$2,239,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,862,025
Avg. Annual Appreciation
42.01%

Purchase Details

Listed on
Apr 24, 2018
Closed on
Oct 2, 2018
Sold by
Sidden Neil and Sidden Laura
Bought by
Borgelt William B
Seller's Agent
Lisa Griffin
Engel & Volkers Foothills Lake James
List Price
$365,500
Sold Price
$365,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.58%

Purchase Details

Closed on
Dec 6, 2005
Sold by
Triangle Growth Capital Llc
Bought by
Sidden Neil and Sidden Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
6.28%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Bartholomew David A $377,000 None Available
Bartholomew David A $377,000 None Available
Borgelt William B $365,500 None Available
Sidden Neil $375,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sidden Neil $370,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/24/2020 09/24/20 Sold $377,000 -5.5% --
08/17/2020 08/17/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $399,000 +5.8% --
07/15/2020 07/15/20 Off Market $377,000 -- --
07/15/2020 07/15/20 For Sale $399,000 +9.2% --
10/02/2018 10/02/18 Sold $365,500 0.0% -- View Prior Sale
09/25/2018 09/25/18 Pending -- -- --
04/24/2018 04/24/18 For Sale $365,500 -- --
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 $9,243 $1,441,117 $635,540 $805,577
2024 $9,311 $1,441,117 $635,540 $805,577
2023 $9,311 $1,441,117 $635,540 $805,577
2022 $5,633 $716,213 $362,950 $353,263
2021 $2,571 $331,700 $331,700 $0
2020 $2,571 $331,700 $331,700 $0
2019 $2,571 $331,700 $331,700 $0
2018 $2,504 $323,040 $323,040 $0
2017 $2,504 $323,040 $323,040 $0
2016 $2,455 $323,040 $323,040 $0
2015 $2,455 $323,040 $323,040 $0
2014 $2,455 $323,040 $323,040 $0
2013 $2,455 $323,040 $323,040 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3641343

Canopy MLS (Canopy Realtor® Association)

APN: 58661