NOT LISTED FOR SALE

1282 Hidden Cove Ln Unit 50 Connelly Springs, NC 28612

Estimated Value: $959,000 - $1,135,000

1.53 Acres
$682,722 Price per Acre
66,647 Sq Ft Lot

Last Sold January 24, 2019

Last sale price $87,500

Est. 1,094% increase in value since last sale

Current estimated payment $6,045/month

689 Days on Market

Highlights

  • Access To Lake
  • Gated Community
  • Community Lake
  • Heritage Middle School Rated A-
  • Waterfront
  • Wooded Lot

About This Lot

As of January 2019

$10k price drop! Looking for a sunset/mountain view? This is IT! Gorgerous building site with stunning views and privacy. Dockable lakefront. Dockable lot (subject to approval and permitting).

Paradise Harbor Amenities include: • Paved Roads • Electronic Security Gate • Boat Slips • Underground Power • Underground Telephone • City Water • Private Septic

Last Agent to Sell the Property

Barbie Fuller

NC Lake Property LLC License #224920 Listed on: 01/12/2017

Last Buyer's Agent

Lynda Sheridan

Lynda Thomas Sheridan LLC License #276437

Property Details

Property Type

  • Land

Lot Details

  • Waterfront
  • Wooded Lot

HOA Fees

  • $42 Monthly HOA Fees

Listing and Financial Details

  • Assessor Parcel Number 58533

Community Details

Overview

  • Community Lake

Security

  • Gated Community

Recreation

  • Access To Lake

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.87588
  • Ratio Close Price By Original Li: 0.67360
  • Ratio Current Price By Acre: 57189.54
  • Restrictions: Architectural Review, Manufactured Home Not Allowed, Modular Not Allowed, Square Feet
  • Special Features: None

Utilities

  • Water: Public Water

Condo/Co-op/Association

  • Community Features: Gated Community, Lake, Lake Access
  • Association Fee: 500.00
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • HOA Subject to Dues YN: Yes

Schools

  • Elementary School: Rutherford College
  • Middle School: Heritage
  • High School: Jimmy C Draughn

Lot Info

  • Lot Dimension: Irregular
  • Lot Features: Cul-de-sac Lot, Waterfront, Water view, Lake Access, Paved Frontage, Lake, Sloping, Views, Wooded, Year Round View
  • Lot Size Area: 1.530
  • Parcel Number: 58533
  • Zoning Specification: R-3
  • Plat Book Slide: 27/19

Tax Info

  • Tax Value: 130048.00
  • Tax Location: Burke

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2017
Closed on
Jan 15, 2019
Sold by
Marotta Dean Charles and Weichel-Marotta Shari Lynn
Bought by
Mcalexander David C and Mcalexander Suzanne B
Seller's Agent
Barbie Fuller
NC Lake Property LLC
Buyer's Agent
Lynda Sheridan
Lynda Thomas Sheridan LLC
List Price
$129,900
Sold Price
$87,500
Premium/Discount to List
-$42,400
-32.64%
Current Estimated Value
$1,044,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$957,064
Avg. Annual Appreciation
44.39%
Original Mortgage
$65,625
Outstanding Balance
$57,698
Interest Rate
4.6%
Mortgage Type
Commercial
Estimated Equity
$986,866

Purchase Details

Closed on
Jun 3, 2013
Sold by
Maybury Jack and Maybury Melissa
Bought by
Marotta Dean Charles and Weichel Marotta Shari Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,400
Interest Rate
3.59%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 12, 2006
Sold by
Paradise Harbort Llc
Bought by
Maybury Jack and Maybury Melissa
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
Mcalexander David C $87,500 None Available
Marotta Dean Charles $78,000 None Available
Maybury Jack $146,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcalexander David C $65,625
Previous Owner Marotta Dean Charles $62,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2019 01/24/19 Sold $87,500 -12.4% --
12/02/2018 12/02/18 Pending -- -- --
06/25/2018 06/25/18 Price Changed $99,900 -16.7% --
05/03/2018 05/03/18 Price Changed $119,900 -7.7% --
01/12/2017 01/12/17 For Sale $129,900 -- --
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 $5,776 $800,519 $104,038 $696,481
2024 $5,812 $800,519 $104,038 $696,481
2023 $5,812 $800,519 $104,038 $696,481
2022 $5,075 $587,443 $92,538 $494,905
2021 $2,381 $280,082 $92,538 $187,544
2020 $2,336 $92,538 $92,538 $0
2019 $787 $92,538 $92,538 $0
2018 $1,105 $130,048 $130,048 $0
2017 $1,105 $130,048 $130,048 $0
2016 $1,073 $130,048 $130,048 $0
2015 $1,073 $130,048 $130,048 $0
2014 $1,073 $130,048 $130,048 $0
2013 $1,008 $130,048 $130,048 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR9591675

Canopy MLS (Canopy Realtor® Association)

APN: 58533