NOT LISTED FOR SALE

131 Bear Cliff Way Lake Lure, NC 28746

Estimated Value: $864,000 - $1,015,603

3 Beds
6 Baths
5,085 Sq Ft
$183/Sq Ft Est. Value

Last Sold December 03, 2018

Last sale price $444,000 $87 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $5,490/month

209 Days on Market

Highlights

  • Wood Flooring
  • Walk-In Closet
  • Garden Bath
  • Wet Bar
  • Breakfast Bar
  • Brick Driveway

About This Home

As of December 2018

CUSTOM BUILT, EXECUTIVE HOME WITH SPECTACULAR MOUNTAIN & LAKE VIEWS on private lot just minutes from Ingles and Lake Lure! GREAT OPPORTUNITY!

Last Agent to Sell the Property

David Caulder

Caulder Realty & Land Co. License #75204 Listed on: 03/07/2018

Last Buyer's Agent

Mariah Leahy

Premier Sotheby’s International Realty License #274197

Premier Sotheby’s International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 1.78

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • Brick Driveway

Home Design

  • Stone Siding

Interior Spaces

  • Wet Bar
  • Gas Log Fireplace
  • Insulated Windows
  • Breakfast Bar

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Garden Bath

Listing and Financial Details

  • Assessor Parcel Number 1646585

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

HOA Fees

$83 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Ratio Close Price By List Price: 0.84571
  • Ratio Close Price By Original Li: 0.74622
  • Ratio Current Price By Acre: 249438.20
  • Ratio Current Price By Sq Ft: 87.32
  • Year Built: 2007
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Fully Finished, Basement Inside Entrance
  • Upper Level Sq Ft: 1089
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bathrooms: 6.00
  • Total Bedrooms: 3
  • Doors and Windows: Insulated Windows
  • Equipment: Ceiling Fan(s), Cooktop Electric, Dishwasher, Disposal, Electric Dryer Hookup, Ice Maker Connection, Security System, Surround Sound, Wall Oven
  • Fireplace Description: Gas Logs, Great Room, Propane
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Built-Ins, Garden Tub, Pantry, Walk-In Closet(s), Wet Bar
  • Laundry Location: Main, Laundry Room
  • Room Count: 3
  • Sq Ft Basement: 1898
  • Main Level Sq Ft: 2098
  • Total Sq Ft: 5085
  • Sq Ft Unheated Main: 431
  • Sq Ft Unheated Total: 431

Exterior Features

  • Construction: Cedar Shake, Stone
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Brick, Concrete
  • Parking: Driveway, Garage - 2 Car

Utilities

  • Heating: Multizone A/C, MultiZone Heat
  • Sewer: Septic Tank
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 1000.00
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Features: Long Range View, Mountain View, Paved Frontage, Water view, Year Round View
  • Lot Size Area: 1.780
  • Parcel Number: 1646585
  • Zoning Specification: R1A

Tax Info

  • Tax Value: 605400.00
  • Tax Location: Lake Lure

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2018
Closed on
Nov 30, 2018
Sold by
Msb Cpa Realty Llc
Bought by
Ferrera Lorenzo and Ferrera Leslie
Seller's Agent
David Caulder
Caulder Realty & Land Co.
Buyer's Agent
Mariah Leahy
Premier Sotheby’s International Realty
List Price
$570,000
Sold Price
$444,000
Premium/Discount to List
-$126,000
-22.11%
Current Estimated Value
$930,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,651
Avg. Annual Appreciation
11.39%
Original Mortgage
$355,200
Outstanding Balance
$310,177
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$620,474

Purchase Details

Closed on
Oct 1, 2008
Sold by
Highlands Of Lake Lure Llc
Bought by
Msb Cpa Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$657,000
Interest Rate
6.36%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Ferrera Lorenzo $444,000 None Available
Msb Cpa Realty Llc $8,250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferrera Lorenzo $355,200
Previous Owner Msb Cpa Realty Llc $657,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2018 12/03/18 Sold $444,000 -15.4% $87 / Sq Ft
10/02/2018 10/02/18 Pending -- -- --
09/24/2018 09/24/18 Price Changed $525,000 -4.4% $103 / Sq Ft
09/05/2018 09/05/18 Price Changed $549,000 -3.7% $108 / Sq Ft
08/01/2018 08/01/18 For Sale $570,000 +28.4% $112 / Sq Ft
07/31/2018 07/31/18 Off Market $444,000 -- --
06/20/2018 06/20/18 Price Changed $570,000 -4.2% $112 / Sq Ft
03/07/2018 03/07/18 For Sale $595,000 -- $117 / 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 $5,672 $693,800 $65,000 $628,800
2024 $5,612 $693,800 $65,000 $628,800
2023 $5,486 $693,800 $65,000 $628,800
2022 $5,486 $486,100 $65,000 $421,100
2021 $5,491 $486,100 $65,000 $421,100
2020 $4,952 $486,100 $65,000 $421,100
2019 $4,652 $486,100 $65,000 $421,100
2018 $5,854 $605,400 $129,000 $476,400
2016 $4,569 $1,059,714 $161,900 $897,814
2013 -- $517,400 $148,400 $369,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3367329

Canopy MLS (Canopy Realtor® Association)

APN: 1646585