NOT LISTED FOR SALE

122 Rabbits Place Unit 50 Lake Lure, NC 28746

Estimated Value: $75,000 - $401,000

0.73 Acre
$256,048 Price per Acre
31,799 Sq Ft Lot

Last Sold May 17, 2024

Last sale price $73,000

Est. 156% increase in value since last sale

Current estimated payment $1,072/month

29 Days on Market

Highlights

  • Covered Dock
  • Mountain View
  • Wooded Lot
  • Access To Lake
  • Pond
  • Recreation Facilities

About This Lot

As of May 2024

Build your perfect getaway, dream home, or successful short-term rental property in the desired Riverbend community of Lake Lure. The sellers have this ready to build. This lot has power, septic, and well. Grading is also done and ready to start the building process. Property has a tiny cabin/shed with bathroom and possible living quarters. Buyers to verify with HOA the legalities of using it as a Home/rental. Short- term rentals allowed. This community offers two private lakes, Big Mirror lake and Little Mirror lake offer fishing, swimming, private beach access with a pavilion for those summer get togethers with family and friends. Multiple picnic areas along beautiful Broad River with multiple access points for kayaking, rafting, fishing or just enjoying yourself in this quite community. Abundance of walking trails along the river and throughout the community. Bring the fur family to enjoy the walking trails. Call today to schedule a showing on this beautiful slice of paradise.

Last Agent to Sell the Property

Scott Carver

Southern Sky Realty Brokerage Email: scott@southernskyrealty.net License #319589 Listed on: 03/08/2024

Last Buyer's Agent

James Stoffer

Howard Hanna Beverly-Hanks, Lake Lure License #315422

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $435

Lot Details

  • Property fronts a private road
  • Lot Has A Rolling Slope
  • Cleared Lot
  • Wooded Lot
  • Possible uses of the property include Private Estate, Recreational, Residential

HOA Fees

  • $42 Monthly HOA Fees

Schools

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

Additional Features

  • Mountain Views
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 1607142

Community Details

Overview

  • Riverbend HOA, Phone Number (215) 470-3459
  • Riverbend At Lake Lure Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area

Recreation

  • Recreation Facilities
  • Water Sports
  • Trails
  • Access To Lake
  • Covered Dock
  • Pond
  • Gazebo
  • Separate Outdoor Workshop

Property Details

Property Type

Land

Est. Annual Taxes

$435

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: No Representation,Subdivision
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • ResoPropertyType: Land
  • Geocode Confidence: High
  • Attribution Contact: scott@southernskyrealty.net
  • Special Features: None

Interior Features

  • Possible Use: Private Estate, Recreational, Residential

Exterior Features

  • Exterior Features: Other - See Remarks
  • View: Mountain(s), Winter
  • Water Body Name: Big Mirror Lake
  • Waterfront Features: Beach - Private, Covered structure, Boat Slip – Community, Paddlesport Launch Site
  • Waterfront Elevation: 1000
  • Other Structures: Gazebo, Workshop

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Septic Installed
  • Utilities: Electricity Connected, Underground Power Lines
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Gated, Lake Access, Picnic Area, Pond, Recreation Area, Walking Trails
  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Riverbend HOA
  • Phone: 215-470-3459
  • ResoAssociationFeeFrequency: Annually
  • Association Email: Gconlan54@gmail.com

Association/Amenities

  • Association Annual Expense: 500.00

Schools

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

Lot Info

  • Lot Features: Cleared, Rolling Slope, Sloped, Wooded, Views
  • Lot Size Area: 0.73
  • Lot Size Units: Acres
  • Parcel Number: 1607142
  • Zoning: R-1
  • Plat Book Slide: 11/53
  • Can Be Subdivided: 0
  • Plat Reference Section Pages: 2170
  • Horse Amenities: None
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-1

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
Mar 8, 2024
Closed on
May 13, 2024
Sold by
Phillips Jason L and Phillips Dianna E
Bought by
Billman Caroline M and Billman Daniel M
Seller's Agent
Scott Carver
Southern Sky Realty
Buyer's Agent
James Stoffer
Howard Hanna Beverly-Hanks, Lake Lure
List Price
$80,000
Sold Price
$73,000
Premium/Discount to List
-$7,000
-8.75%
Views
84
Current Estimated Value
$186,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,915
Avg. Annual Appreciation
96.68%

Purchase Details

Closed on
Dec 10, 2020
Sold by
Lawton James E and Lawton Annette B
Bought by
Phillips Jason L and Phillips Dianna E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
2.8%
Mortgage Type
New Conventional
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
Billman Caroline M $74,000 None Listed On Document
Phillips Jason L $27,000 None Available
Phillips Jason L $27,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phillips Jason L $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2024 05/17/24 Sold $73,000 -1.4% --
04/02/2024 04/02/24 Price Changed $74,000 -6.3% --
03/21/2024 03/21/24 Price Changed $79,000 -1.3% --
03/08/2024 03/08/24 For Sale $80,000 -- --
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 $435 $72,400 $58,400 $14,000
2024 $499 $92,300 $75,000 $17,300
2023 $211 $92,300 $75,000 $17,300
2022 $211 $30,200 $20,000 $10,200
2021 $20 $28,500 $20,000 $8,500
2020 $198 $28,500 $20,000 $8,500
2019 $190 $28,500 $20,000 $8,500
2018 $965 $142,500 $24,000 $118,500
2016 $950 $142,500 $24,000 $118,500
2013 -- $142,500 $24,000 $118,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4115305

Canopy MLS (Canopy Realtor® Association)

APN: 1607142