NOT LISTED FOR SALE

1186 Red Cedar Way Unit Lot 28 Lenoir, NC 28645

Estimated Value: $636,000 - $664,000

1.89 Acres
$344,346 Price per Acre
82,328 Sq Ft Lot

Last Sold April 13, 2021

Last sale price $68,000

Est. 857% increase in value since last sale

Current estimated payment $3,678/month

190 Days on Market

Highlights

  • Equestrian Center
  • Gated Community
  • Pond
  • Fitness Center
  • Clubhouse
  • Community Pool

About This Lot

As of April 2021

Beautiful private build site on top of hill with mature majestic trees overlooking meadow and rolling hills. Near gated entrance. 1.9 acres in The Coves Mountain River Club, a 3,600 acre gated community on Johns River in Blue Ridge Mountains of Western North Carolina. *Miles of PRIVATE trails to hike, bike, ride horses or UTVS. *Kayak, fish, pan for gold, picnic: 5 miles of Johns River on site. *Community gardens, vineyard, *Club house open 24/7: fitness center, locker rooms, pool, hot tub, fire pits, kitchen, wrap around porches, views of Table Rock, Grandfather, Blue Ridge Mountains *Socials, yoga, strength training, excursions, dinner club, cook-offs. Be as busy or as reclusive as you prefer. Equestrian Center. *Short drive to Charlotte and Asheville. Minutes to Blowing Rock, Morganton, Lenoir. ***No time limits to build within. *The majority of the 125+ homes at The Coves are full-time residences! You have to see this beautiful home site and community to believe it!

Last Agent to Sell the Property

Melanie Murphy

Arrow Realty & Land Development License #246044 Listed on: 08/11/2020

Last Buyer's Agent

Matt Morano

Realty ONE Group Select License #299191

Realty ONE Group Select

Property Details

Property Type

  • Land

Lot Details

Horse Facilities and Amenities

  • Equestrian Center

Utilities

  • Septic Needed
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 04 7 1 28

Community Details

Recreation

  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Community Spa
  • Trails
  • Pond

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.85106
  • Ratio Close Price By Original Li: 0.85106
  • Ratio Current Price By Acre: 35864.98
  • Restrictions: Architectural Review
  • Special Features: None

Exterior Features

  • Exterior Features: Underground Power Lines, Wired Internet Available

Utilities

  • Sewer: Septic Needed
  • Water: Well Needed

Condo/Co-op/Association

  • Community Features: Club House, Equestrian Facilities, Equestrian Trails, Fitness Center, Gated Community, Hot Tub, Outdoor Pool, Pond, Recreation Area, Walking Trails
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Features: Long Range View, Mountain View, Views, Winter View, Year Round View
  • Lot Size Area: 1.896
  • Parcel Number: 04 7 1 28
  • Zoning Specification: PUD
  • Plat Book Slide: 25/65

Tax Info

  • Tax Value: 44700.00
  • Tax Location: Caldwell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2023
Sold by
Talafous Franklin C and Talafous Candus A
Bought by
Talafous Franklin C and Talafous Candus A
Current Estimated Value
$650,814

Purchase Details

Listed on
Aug 11, 2020
Closed on
Apr 8, 2021
Sold by
Burke Michael S and Burke Maryann S
Bought by
Talafous Franklin C and Talafous Candus A
Seller's Agent
Melanie Murphy
Arrow Realty & Land Development
Buyer's Agent
Matt Morano
Realty ONE Group Select
List Price
$79,900
Sold Price
$68,000
Premium/Discount to List
-$11,900
-14.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.64%
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
Talafous Franklin C -- None Listed On Document
Talafous Franklin C $68,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2021 04/13/21 Sold $68,000 -14.9% --
02/17/2021 02/17/21 Pending -- -- --
08/11/2020 08/11/20 For Sale $79,900 -- --
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 $2,843 $551,400 $95,700 $455,700
2024 $2,843 $371,100 $93,200 $277,900
2023 $994 $138,000 $64,100 $73,900
2022 $974 $138,000 $64,100 $73,900
2021 $329 $46,600 $46,600 $0
2020 $322 $44,700 $44,700 $0
2019 $322 $44,700 $44,700 $0
2018 $322 $44,700 $0 $0
2017 $322 $44,700 $0 $0
2016 $344 $44,700 $0 $0
2015 $330 $44,700 $0 $0
2014 $330 $44,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3650971

Canopy MLS (Canopy Realtor® Association)

APN: 04-7-1-28