NOT LISTED FOR SALE

123 Old Gate Ln Lake Lure, NC 28746

Estimated Value: $482,034 - $670,000

3 Beds
2 Baths
1,697 Sq Ft
$325/Sq Ft Est. Value

Last Sold May 15, 2015

Last sale price $295,000 $174 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $3,120/month

390 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Walk-In Closet
  • Private Lot
  • Whirlpool Bathtub
  • Many Trees

About This Home

As of May 2015

Michael Champion QUALITY BUILT Log Home meticulously maintained. PRIVATE. Wrap Covered Porch beckons you to stay. DETAILS! Fire Pit & Picnic Area. Ample parking. Natural Log interior. Custom Hand Painted Cabinets. Rustic Countertop, Knotty Pine Walls. Open Loft. Custom Staircase. Hand-peeled Natural Wood Railings.Being Offered FULLY FURNISHED. Purchase TURNKEY with Furnishings.

Last Agent to Sell the Property

Lake Lure Professionals Rlty Group

Listed on: 03/21/2014

Co-Listed By

Julie McKinney

Lifestyle Properties License #196705

Last Buyer's Agent

Lyn Weaver

Premier Sotheby’s International Realty License #191157

Premier Sotheby’s International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,261

Year Built

  • Built in 2005

Lot Details

  • Private Lot
  • Level Lot
  • Many Trees

Parking

  • Gravel Driveway

Home Design

  • Cabin
  • Log Siding

Interior Spaces

  • Open Floorplan
  • Gas Log Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Listing and Financial Details

  • Assessor Parcel Number 1635433

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,261

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story
  • Architectural Style: Cabin
  • Ratio Close Price By List Price: 0.96721
  • Ratio Close Price By Original Li: 0.84310
  • Ratio Current Price By Acre: 132287.00
  • Ratio Current Price By Sq Ft: 173.84
  • Year Built: 2005
  • Special Features: None
  • Stories: 2

Interior Features

  • Upper Level Sq Ft: 697
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Equipment: Dryer, Exhaust Fan, Gas Range, Microwave, Refrigerator, Security System, Washer, Gas Oven
  • Fireplace Description: Gas Logs
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Open Floorplan, Vaulted Ceiling, Walk-In Closet(s), Whirlpool
  • Main Level Sq Ft: 1000
  • Total Sq Ft: 1697

Exterior Features

  • Construction: Log
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel

Utilities

  • Heating: Central Air, Electric Hot Air, Heat Pump - AC, Heat Pump - Heat, MultiZone Heat
  • Sewer: Septic Tank
  • Water: Community Well

Schools

  • Middle School: Lake Lure Classical Academy

Lot Info

  • Lot Features: Level, Mountain View, Private, Trees
  • Lot Size Area: 2.230
  • Parcel Number: 1635433
  • Plat Reference Section Pages: 907
  • Zoning Specification: R-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2014
Closed on
May 9, 2015
Sold by
Miller Robert H and Miller Leslie A
Bought by
Hardman Paul
Seller's Agent
Lake Lure Professionals Rlty Group
Buyer's Agent
Lyn Weaver
Premier Sotheby’s International Realty
List Price
$349,900
Sold Price
$295,000
Premium/Discount to List
-$54,900
-15.69%
Current Estimated Value
$550,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,759
Avg. Annual Appreciation
6.19%

Purchase Details

Closed on
Jun 28, 2006
Sold by
Young Gerry W and Young Mary Jo T
Bought by
Miller Robert H and Miller Leslie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.6%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Hardman Paul $295,000 None Available
Miller Robert H $310,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller Robert H $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2015 05/15/15 Sold $295,000 -15.7% $174 / Sq Ft
04/15/2015 04/15/15 Pending -- -- --
03/21/2014 03/21/14 For Sale $349,900 -- $206 / 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 $2,261 $375,800 $40,300 $335,500
2024 $2,151 $375,800 $40,300 $335,500
2023 $1,854 $375,800 $40,300 $335,500
2022 $1,854 $252,900 $40,300 $212,600
2021 $1,837 $252,900 $40,300 $212,600
2020 $1,837 $252,900 $40,300 $212,600
2019 $1,829 $252,900 $40,300 $212,600
2018 $1,682 $227,400 $40,400 $187,000
2016 $1,637 $227,400 $40,400 $187,000
2013 -- $227,400 $40,400 $187,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM557759

Canopy MLS (Canopy Realtor® Association)

APN: 1635433