NOT LISTED FOR SALE

123 Melrose Ct Lake Lure, NC 28746

Estimated Value: $551,000 - $656,765

3 Beds
3 Baths
2,574 Sq Ft
$234/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $608,000 $236 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,931/month

3 Days on Market

Highlights

  • Golf Course Community
  • Fitness Center
  • Gated Community
  • Access To Lake
  • Spa
  • Open Floorplan

About This Home

As of March 2023

Picturesque in the woods of the well-known Rumbling Bald Resort! This cabin is tucked away for privacy but easily accessible for a quick getaway to dinner or catch a flight in to one of the airports nearby (3 are +/-1 Hr or less)! This can be your primary or rent out for residual income (*Furniture is negotiable.). The floorplan allows for multiple guests on each level - socializing or quiet time with a good book and cup of coffee - Soak up the Outdoor spaces on the porch/decks with over 800 sq ft of space on the main, plus the fenced yard to hang out and play games or lay and relax with the fresh mountain air! A new generator to put your mind at ease. Pack your bags and come see what all the rave is about in Lake Lure, NC! Check out all the amenities that are part of the community including Lake Lure, hiking activities, wellness including fitness center, the pool, salon and spa, racket sports, dining and so much more! Call or text for a showing, we'll grab a coffee on the way!

Last Agent to Sell the Property

Erika Bradley

Century 21 Mountain Lifestyles/S. Hend License #307030 Listed on: 02/24/2023

Century 21 Mountain Lifestyles/S. Hend

Last Buyer's Agent

Tyler Coon

EXP Realty LLC License #313885

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,736

Year Built

  • Built in 2016

Lot Details

  • Fenced Front Yard
  • Fenced
  • Private Lot
  • Paved or Partially Paved Lot
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Property is zoned R3

HOA Fees

  • $349 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Workshop in Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Cabin
  • Permanent Foundation
  • Wood Siding
  • Log Siding
  • Radon Mitigation System

Interior Spaces

  • 1.5-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Great Room with Fireplace
  • Storage
  • Mountain Views
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Oven
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • Walk-In Closet
  • 3 Full Bathrooms
  • Garden Bath

Laundry

  • Laundry Room
  • Washer and Dryer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Interior and Exterior Basement Entry
  • Basement Storage

Outdoor Features

  • Spa
  • Access To Lake
  • Deck
  • Wrap Around Porch
  • Fire Pit

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Power Generator
  • Propane
  • Community Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 1609083

Community Details

Overview

  • Jeff Association, Phone Number (828) 694-3000
  • Built by Conner/YNG Guns
  • Rumbling Bald On Lake Lure Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area
  • Clubhouse
  • Business Center

Recreation

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

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,736

Year Built

Built in 2016

Lot Details

0

HOA Fees

$349 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cabin
  • Year Built: 2016
  • Restrictions: Architectural Review,Building,Livestock Restriction,Manufactured Home Not Allowed,No Representation,Short Term Rental Allowed,Subdivision,Other - See Remarks
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: One and One Half
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 236.21
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Permanent, Other - See Remarks
  • Fireplace: Yes
  • Interior Amenities: Attic Stairs Pulldown, Breakfast Bar, Cathedral Ceiling(s), Garden Tub, Kitchen Island, Open Floorplan, Pantry, Storage, Walk-In Closet(s), Other - See Remarks
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1080
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 236
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 236
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 650
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Oven, Refrigerator, Washer/Dryer
  • Other Equipment: Fuel Tank(s), Generator
  • Above Grade Finished Sq Ft: 1730
  • Has Basement: Exterior Entry, Finished, Full, Interior Entry, Storage Space, Walk-Out Access, Walk-Up Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 844
  • Fireplace Features: Great Room
  • Living Area: 2574
  • Bedroom Main: 1
  • Bedroom Basement: 1

Exterior Features

  • Exterior Features: Fire Pit, Hot Tub, Other - See Remarks
  • New Construction: No
  • Construction Type: Site Built
  • Fencing: Fenced, Front Yard
  • View: Long Range, Mountain(s), Winter
  • Water Body Name: Lake Lure
  • Waterfront Features: Beach - Public, Boat Ramp – Community, Paddlesport Launch Site - Community
  • Exclusions: Panther fan(?)
  • Construction Type: Log, Wood
  • Other Structures: Other - See Remarks
  • Patio And Porch Features: Covered, Deck, Front Porch, Porch, Side Porch, Wrap Around, Other - See Remarks

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Detached Garage, Garage Door Opener, Garage Faces Front, Garage Faces Side, Garage Shop

Utilities

  • Heating: Central, Heat Pump, Zoned
  • Sewer: Septic Installed
  • Laundry Features: Inside, Laundry Room, Main Level
  • Security: Radon Mitigation System
  • Cooling: Central Air, Heat Pump, Zoned
  • Utilities: Propane, Other - See Remarks
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Business Center, Clubhouse, Fitness Center, Gated, Golf, Lake Access, Outdoor Pool, Picnic Area, Playground, Recreation Area, Street Lights, Tennis Court(s), Walking Trails
  • Association Fee: 4189
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Jeff
  • Phone: 828-694-3000
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 4189.00

Schools

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

Lot Info

  • Lot Features: Paved, Private, Rolling Slope, Sloped, Wooded, Views, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 1609083
  • Plat Book Slide: 13/42
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R3

Building Info

  • Builder Name: Conner/YNG Guns

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
Feb 24, 2023
Closed on
Mar 29, 2023
Sold by
Cooke William D
Bought by
Low Bonita Francesca and Low Chris Barton
Seller's Agent
Erika Bradley
Century 21 Mountain Lifestyles/S. Hend
Buyer's Agent
Tyler Coon
EXP Realty LLC
List Price
$599,000
Sold Price
$608,000
Premium/Discount to List
$9,000
1.5%
Views
71
Current Estimated Value
$603,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,559
Avg. Annual Appreciation
-0.28%
Original Mortgage
$547,200
Outstanding Balance
$533,409
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$70,032

Purchase Details

Listed on
Feb 19, 2019
Closed on
May 6, 2019
Sold by
Boyd Samuel I and Boyd Kristin
Bought by
Cooke William D
Seller's Agent
Lyn Weaver
Premier Sotheby’s International Realty
Buyer's Agent
Debra Morris
Century 21 Mountain Lifestyles/S. Hend
List Price
$399,000
Sold Price
$389,000
Premium/Discount to List
-$10,000
-2.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.13%

Purchase Details

Closed on
May 25, 2017
Sold by
Boyd Samuel I
Bought by
Boyd Samuel I and Boyd Kristin
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
Low Bonita Francesca $608,000 --
Cooke William D $389,000 None Available
Boyd Samuel I -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Low Bonita Francesca $547,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/30/2023 03/30/23 Sold $608,000 +1.5% $236 / Sq Ft
02/24/2023 02/24/23 For Sale $599,000 +54.0% $233 / Sq Ft
05/06/2019 05/06/19 Sold $389,000 -2.5% $138 / Sq Ft View Prior Sale
04/02/2019 04/02/19 Pending -- -- --
02/19/2019 02/19/19 For Sale $399,000 -- $141 / 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 $4,736 $578,400 $36,000 $542,400
2024 $4,680 $578,400 $36,000 $542,400
2023 $3,885 $535,100 $36,000 $499,100
2022 $3,885 $344,000 $34,000 $310,000
2021 $3,888 $344,000 $34,000 $310,000
2020 $3,447 $338,200 $34,000 $304,200
2019 $3,237 $338,200 $34,000 $304,200
2018 $2,456 $253,997 $34,000 $219,997
2016 $177 $20,000 $20,000 $0
2013 -- $20,000 $20,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4003434

Canopy MLS (Canopy Realtor® Association)

APN: 1609083