NOT LISTED FOR SALE

108 River Edge Lake Lure, NC 28746

Estimated Value: $604,459 - $706,000

6 Beds
3 Baths
2,703 Sq Ft
$239/Sq Ft Est. Value

Last Sold May 29, 2024

Last sale price $620,000 $229 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,708/month

13 Days on Market

Highlights

  • Access To Lake
  • Fireplace in Primary Bedroom
  • Wooded Lot
  • Greenhouse
  • Hilly Lot
  • Arts and Crafts Architecture

About This Home

As of May 2024

Welcome to this beautiful Mission style home on almost 1 acre. Built prior to the creation of Lake Lure this was the center of a small community called Uree. The home features high ceilings & original hard wood floors. Cozy up to one of the 3 fireplaces or watch the wild life from the front porch. The main level hosts the primary bedroom with walk-in closet along with 2 other bedrooms and 2 full bathrooms. Upstairs you will find 3 bedrooms,one is currently used as an office/library, and a full bath. Outside enjoy a movie on the projection wall or entertain friends on the large deck and covered patio. The possibilities are endless. Access to private lakes, Broad River, & community amenities make this an ideal retreat, conveniently located near local grocery, medical & local airports an hour away. Riverbend offers members access to 2 private lakes, the Broad River for kayaking, canoeing, tubing & fishing, as well as the community pavilion w/ a white sand beach for swimming & picnicking.

Last Agent to Sell the Property

Thomas McKay

Pinnacle Sothebys International Realty Brokerage Email: tom@pinnaclesir.com Listed on: 04/22/2024

Pinnacle Sothebys International Realty

Last Buyer's Agent

Nick Bell

Berkshire Hathaway HomeServices License #344204

Berkshire Hathaway HomeServices

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,645

Year Built

  • Built in 1926

Lot Details

  • Privacy Fence
  • Back Yard Fenced
  • Hilly Lot
  • Wooded Lot

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Arts and Crafts Architecture
  • Farmhouse Style Home
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Built-In Features
  • Ceiling Fan
  • Propane Fireplace
  • Window Treatments
  • Window Screens
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Crawl Space
  • Home Security System

Kitchen

  • Dishwasher
  • Fireplace in Kitchen

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom
  • 3 Full Bathrooms

Parking

  • Detached Carport Space
  • 4 Open Parking Spaces

Outdoor Features

  • Access To Lake
  • Patio
  • Fire Pit
  • Greenhouse
  • Shed
  • Front Porch

Schools

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

Utilities

  • Heat Pump System
  • Power Generator
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 1604587

Community Details

Overview

  • Riverbend Property Owners Assoc Association
  • Riverbend At Lake Lure Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area

Recreation

  • Recreation Facilities
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,645

Year Built

Built in 1926

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Arts and Crafts, Farmhouse
  • Year Built: 1926
  • Restrictions: Architectural Review,Short Term Rental Allowed
  • Road Surface Type: Gravel
  • Unit Levels: One and One Half
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 229.37
  • Geocode Confidence: High
  • Attribution Contact: tom@pinnaclesir.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Attic Other, Built-in Features, Storage
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1892
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 811
  • Appliances: Dishwasher
  • Other Equipment: Generator
  • Above Grade Finished Sq Ft: 2703
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Door Features: Screen Door(s)
  • Fireplace Features: Family Room, Fire Pit, Gas Log, Kitchen, Living Room, Primary Bedroom, Propane
  • Living Area: 2703
  • Window Features: Window Treatments
  • Bedroom Main: 3
  • Room Count: 13

Exterior Features

  • Exterior Features: Fire Pit, Other - See Remarks
  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Fencing: Back Yard, Privacy
  • View: Long Range, Winter
  • Water Body Name: Mirror Lake
  • Waterfront Elevation: 1500
  • Construction Type: Brick Partial, Wood
  • Other Structures: Greenhouse, Shed(s)
  • Patio And Porch Features: Front Porch, Patio

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Detached Carport

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Laundry Room
  • Security: Security System
  • Cooling: Ceiling Fan(s)
  • Utilities: Electricity Connected, Satellite Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Lake Access, Picnic Area, Recreation Area, Walking Trails
  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Riverbend Property Owners Assoc
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 500.00

Schools

  • Middle Or Junior School: Lake Lure Classical Academy
  • HOA Subject To: Required

Lot Info

  • Lot Features: Orchard(s), Hilly, Wooded
  • Lot Size Area: 0.98
  • Lot Size Units: Acres
  • Parcel Number: 1604587
  • ResoLotSizeUnits: Acres
  • Zoning Specification: NONE

Green Features

  • Green Verification Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2024
Closed on
May 23, 2024
Sold by
Morlen Randy and Morlen Kimberly A
Bought by
Fomby Brian and Fomby Natalie
Seller's Agent
Thomas McKay
Pinnacle Sothebys International Realty
Buyer's Agent
Nick Bell
Berkshire Hathaway HomeServices
List Price
$639,000
Sold Price
$620,000
Premium/Discount to List
-$19,000
-2.97%
Views
56
Current Estimated Value
$647,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,365
Avg. Annual Appreciation
3.25%
Original Mortgage
$496,000
Outstanding Balance
$486,161
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$161,204

Purchase Details

Listed on
Jun 29, 2018
Closed on
Aug 5, 2019
Sold by
Boland John P and Boland Jessica M
Bought by
Morlen Randy and Morlen Kimberly A
Seller's Agent
Melissa Webb
Exit Realty Experts
Buyer's Agent
Thomas McKay
Pinnacle Sothebys International Realty
List Price
$349,000
Sold Price
$284,000
Premium/Discount to List
-$65,000
-18.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.74%
Original Mortgage
$198,800
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2017
Sold by
Boland Jessica M
Bought by
Boland John P

Purchase Details

Closed on
Aug 9, 2016
Sold by
Dunn Daniel J and Dunn Constance M
Bought by
Boland Jessica

Purchase Details

Closed on
Jun 23, 2006
Sold by
Craven Tracy J and Craven Aletha D
Bought by
Boland John
Source: Public Records

Range of Values:

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Average Value
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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
Fomby Brian $620,000 Chicago Title
Fomby Brian $620,000 Chicago Title
Morlen Randy $284,000 None Available
Boland John P -- None Available
Boland Jessica -- None Available
Boland John $236,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fomby Brian $496,000
Closed Fomby Brian $496,000
Previous Owner Morlen Randy $198,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2024 05/29/24 Sold $620,000 -3.0% $229 / Sq Ft
04/22/2024 04/22/24 For Sale $639,000 +125.0% $236 / Sq Ft
08/19/2019 08/19/19 Sold $284,000 -5.0% $100 / Sq Ft
07/06/2019 07/06/19 Pending -- -- --
06/21/2019 06/21/19 Price Changed $299,000 -7.7% $106 / Sq Ft
06/10/2019 06/10/19 Price Changed $324,000 -1.5% $115 / Sq Ft
10/25/2018 10/25/18 Price Changed $329,000 -2.9% $116 / Sq Ft
10/11/2018 10/11/18 Price Changed $339,000 -2.9% $120 / Sq Ft
06/29/2018 06/29/18 For Sale $349,000 -- $123 / Sq Ft
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 $2,645 $447,100 $75,000 $372,100
2024 $2,029 $383,100 $75,000 $308,100
2023 $1,500 $383,100 $75,000 $308,100
2022 $1,500 $222,000 $20,000 $202,000
2021 $1,467 $218,700 $20,000 $198,700
2020 $1,450 $216,200 $20,000 $196,200
2019 $1,442 $216,200 $20,000 $196,200
2018 $1,309 $193,300 $24,000 $169,300
2016 $1,289 $193,300 $24,000 $169,300
2013 -- $188,400 $24,000 $164,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4131887

Canopy MLS (Canopy Realtor® Association)

APN: 1604587