NOT LISTED FOR SALE

1461 Old Dry Creek Rd Unit 5 Morganton, NC 28655

Lake James Neighborhood

Estimated Value: $1,184,000 - $1,735,332

4.43 Acres
$326,737 Price per Acre
192,971 Sq Ft Lot

Last Sold September 06, 2017

Last sale price $275,000

Est. 426% increase in value since last sale

Current estimated payment $8,522/month

364 Days on Market

About This Lot

As of September 2017

4.5 acre fully wooded waterfront lot with cleared building area close to lake and nice walk to water. Aluminum frame 2 slip dock with lift already in place in private & quiet deep water cove. Enjoy the lake in this private lot with building site close to water and not visible from the road. $15,000 credit at closing for new dock decking. Perced for 4 bedroom home with city water. Dry Creek walking trails and parks along with Southpointe pool and clubhouse amenities included in low HOA dues. 15 minutes to Morganton stores and restaurants. Custom home plans for the property available in attached documents.

Property Details

Property Type

  • Land

Lot Details

  • Waterfront
  • Wooded Lot

HOA Fees

  • $62 Monthly HOA Fees

Listing and Financial Details

  • Assessor Parcel Number 1754765479

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$62 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Business
  • Ratio Close Price By List Price: 0.78571
  • Ratio Current Price By Acre: 62076.75
  • Restrictions: Building, Manufactured Home Not Allowed, Subdivision, Use
  • Special Features: None

Condo/Co-op/Association

  • Association Fee: 749.00
  • Association Fee Frequency: Annually

Schools

  • Elementary School: Oak Hill
  • Middle School: Table Rock
  • High School: Freedom

Lot Info

  • Lot Dimension: irregular
  • Lot Features: Waterfront, Lake, Sloping, Wooded
  • Lot Size Area: 4.430
  • Parcel Number: 1754765479
  • Zoning Specification: Scenic O
  • Plat Reference Section Pages: 26/167

Tax Info

  • Tax Value: 239901.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2016
Closed on
Sep 1, 2017
Sold by
Kammerer Eric Joseph and Kammerer Jennifer Lynn
Bought by
Thrower Walter H and Thrower Lori M
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$1,447,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,172,444
Avg. Annual Appreciation
23.97%

Purchase Details

Closed on
Oct 10, 2015
Sold by
Kammerer Eric J and Kammerer Jennifer L
Bought by
Kammerer Family Revocable Living Trust

Purchase Details

Listed on
May 9, 2014
Closed on
May 15, 2015
Sold by
Johnson David Wyatt and Johnson Rena Walker
Bought by
Kammerer Eric J and Kammerer Jennifer L
Seller's Agent
Eric Jenkins
Table Rock Realty, LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$345,000
Sold Price
$207,500
Premium/Discount to List
-$137,500
-39.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.62%
Original Mortgage
$151,625
Interest Rate
3.92%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Thrower Walter H -- Attorney
Kammerer Family Revocable Living Trust -- Attorney
Kammerer Eric J $207,500 Morehead Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thrower Walter H $200,000
Previous Owner Kammerer Eric J $151,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2017 09/06/17 Sold $275,000 0.0% --
08/07/2017 08/07/17 Pending -- -- --
08/08/2016 08/08/16 For Sale $275,000 +32.5% --
06/19/2015 06/19/15 Sold $207,500 -39.9% --
05/18/2015 05/18/15 Pending -- -- --
05/09/2014 05/09/14 For Sale $345,000 -- --
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
2024 $7,050 $1,071,777 $373,580 $698,197
2023 $7,061 $1,071,777 $373,580 $698,197
2022 $5,532 $683,472 $253,400 $430,072
2021 $5,543 $683,472 $253,400 $430,072
2020 $5,369 $683,472 $253,400 $430,072
2019 $2,177 $280,914 $253,400 $27,514
2018 $1,885 $243,232 $223,580 $19,652
2017 $1,859 $239,901 $223,580 $16,321
2016 $1,823 $239,901 $223,580 $16,321
2015 $1,823 $239,901 $223,580 $16,321
2014 $1,823 $239,901 $223,580 $16,321
2013 $1,823 $239,901 $223,580 $16,321
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARB29491

Canopy MLS (Canopy Realtor® Association)

APN: 58350