NOT LISTED FOR SALE

Estimated Value: $478,891 - $578,000

3 Beds
2 Baths
1,553 Sq Ft
$348/Sq Ft Est. Value

Last Sold October 27, 2022

Last sale price $450,000 $290 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,860/month

149 Days on Market

Highlights

  • Golf Course Community
  • Gated Community
  • Community Lake
  • Fitness Center
  • Open Floorplan
  • Clubhouse

About This Home

As of October 2022

Conveniently located near the middle of the community, this cottage is a stone's throw away to Bear Creek Park and a short drive to either the Lake clubhouse or 9 hole Nicklaus design golf course. The clever layout of the one level open floor plan offers plenty of space and privacy for guests. A screened back porch with an extended uncovered deck space offers the perfect vantage point to take in the surrounding natural beauty and the sounds of Bear Creek flowing nearby. This home is a great opportunity for someone seeking the perfect mountain/lake retreat in WNC. This cottage is actively rented through VRBO and the on-site rental program and has an excellent rental history. Cottages in this community are in high demand. Act now while this one is still available.

Last Agent to Sell the Property

Joey Laughridge

Howard Hanna Beverly-Hanks Brevard South License #289839 Listed on: 05/31/2022

Co-Listed By

Billy Harris

Howard Hanna Beverly-Hanks Brevard South License #220801

Last Buyer's Agent

Non Member

Canopy Administration

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • Private Lot
  • Wooded Lot
  • Zoning described as R1

HOA Fees

  • $926 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Cottage
  • Bungalow
  • Wood Siding

Interior Spaces

  • 1,553 Sq Ft Home
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Access to stream, creek or river
  • Pond
  • Covered Patio or Porch

Schools

  • Fairview Elementary School
  • Smoky Mountain Middle School
  • Smoky Mountain High School

Utilities

  • Central Heating
  • Heat Pump System
  • Community Well
  • Septic Tank
  • Shared Septic

Listing and Financial Details

  • Assessor Parcel Number 7586-53-5144

Community Details

Overview

  • Mike Whitmer Association, Phone Number (828) 293-7051
  • Bear Lake Reserve Subdivision
  • Mandatory home owners association
  • Community Lake

Recreation

  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Community Spa
  • Trails

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

HOA Fees

$926 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow, Cottage
  • Year Built: 2006
  • Ratio Current Price By Acre: 849056.60
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 289.76
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Block, Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Cathedral Ceiling(s), Open Floorplan, Pantry, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1553
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Back,Covered,Front
  • Appliances: Ceiling Fan(s), Dishwasher, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer
  • Accessibility Features: No Interior Steps
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Wood Burning
  • Living Area: 1553
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Waterfront Features: Boat Slip – Community, Paddlesport Launch Site - Community
  • Construction Type: Wood Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway

Utilities

  • Heating: Central, Heat Pump, Heat Pump
  • Sewer: Septic Installed, Shared Septic
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated, Golf, Hot Tub, Lake, Outdoor Pool, Pond, Recreation Area, Tennis Court(s), Walking Trails
  • Association Fee: 926
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Association Name: Mike Whitmer
  • Phone: 828-293-7051
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Middle Or Junior School: Smoky Mountain
  • HOA Subject To: Required
  • HOA Email: mike@bearlakereserve.com
  • CAR_YearlyHOAExpense: 11112.00

Lot Info

  • Lot Features: Private, Creek/Stream, Wooded, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 7586-53-5144
  • Plat Book Slide: 15/728
  • Zoning Description: R1
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.76692

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Fairview
  • High School: Smoky Mountain

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Oct 27, 2022
Sold by
Windfall Assets Llc
Bought by
Surkamer Joseph and Surkamer Cathryn
Seller's Agent
Joey Laughridge
Howard Hanna Beverly-Hanks Brevard South
Buyer's Agent
Non Member
Canopy Administration
List Price
$515,000
Sold Price
$450,000
Premium/Discount to List
-$65,000
-12.62%
Current Estimated Value
$539,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,973
Avg. Annual Appreciation
5.79%
Original Mortgage
$404,550
Outstanding Balance
$372,256
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$167,717

Purchase Details

Closed on
Jun 12, 2010
Sold by
Johnson Richard W and Johnson Debra A
Bought by
Windfall Assets A Nevada Series Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Surkamer Joseph $450,000 --
Windfall Assets A Nevada Series Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Surkamer Joseph $404,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2022 10/27/22 Sold $450,000 -5.3% $290 / Sq Ft
09/07/2022 09/07/22 Price Changed $475,000 -4.8% $306 / Sq Ft
08/02/2022 08/02/22 Price Changed $499,000 -3.1% $321 / Sq Ft
05/31/2022 05/31/22 For Sale $515,000 -- $332 / 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 $1,652 $434,605 $50,000 $384,605
2024 $1,058 $278,510 $50,000 $228,510
2023 $1,183 $278,510 $50,000 $228,510
2022 $1,147 $268,830 $50,000 $218,830
2021 $1,022 $268,830 $50,000 $218,830
2020 $1,111 $270,280 $100,000 $170,280
2019 $1,111 $270,280 $100,000 $170,280
2018 $1,111 $270,280 $100,000 $170,280
2017 $1,084 $270,280 $100,000 $170,280
2015 $1,669 $270,280 $100,000 $170,280
2011 -- $566,140 $180,000 $386,140
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3866965

Canopy MLS (Canopy Realtor® Association)

APN: 7586-53-5144