NOT LISTED FOR SALE

1474 Cedar Creek Rd Unit 14 Lake Lure, NC 28746

Estimated Value: $601,000 - $639,695

3 Beds
2.5 Baths
2,481 Sq Ft
$250/Sq Ft Est. Value

Last Sold April 22, 2022

Last sale price $583,000 $235 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,436/month

48 Days on Market

Highlights

  • Spa
  • Gazebo
  • Card or Code Access
  • Wooded Lot
  • Attached Garage
  • Laundry Room

About This Home

As of April 2022

If you are looking for a turnkey short term rental, this is the perfect opportunity for you! Located on a beautiful creek in Lake Lure, NC. Three bedroom home with big bonus room. Inside of the home has all brand new appliances including washer, dryer, refrigerator and Gas stove top. Brand new Hot tub purchased in December 2021. Inside of the house every piece of furniture is less than a year old, including the Smart TV's! The backyard has a large patio that provides plentiful space for entertaining. A stone pathway and thoughtfully landscaped grounds invite you into the back yard. No Septic permit found. Property has flood insurance. Currently a STR accepting new bookings. Property did $44k+ since June 2021 to February 2022. Rental revenue projection attached, projection $77,500/year.

Last Agent to Sell the Property

Tyler Coon

EXP Realty LLC License #313885 Listed on: 03/04/2022

EXP Realty LLC

Last Buyer's Agent

Tonya Walls

NorthGroup Real Estate LLC License #289124

NorthGroup Real Estate LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,248

Year Built

  • Built in 2002

Lot Details

  • Paved or Partially Paved Lot
  • Level Lot
  • Cleared Lot
  • Wooded Lot

Home Design

  • Cabin

Interior Spaces

  • Ceiling Fan
  • Gas Log Fireplace
  • Crawl Space

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Attached Garage
  • Garage Door Opener
  • Driveway
  • 1 to 5 Parking Spaces

Outdoor Features

  • Spa
  • Access to stream, creek or river
  • Fire Pit
  • Gazebo

Schools

  • None Elementary And Middle School
  • None High School

Utilities

  • Heat Pump System
  • Septic Tank

Community Details

  • Card or Code Access

Listing and Financial Details

  • Assessor Parcel Number 1651126

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,248

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cabin
  • Year Built: 2002
  • Ratio Current Price By Acre: 323888.89
  • Restrictions: No Representation,Short Term Rental Allowed
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Gravel, Shared
  • Structure Type: One and a Half Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1326
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1155
  • Appliances: Ceiling Fan(s), Gas Cooktop, Dishwasher, Disposal, Dryer, Electric Oven, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Living Area: 2481
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Exterior Features: Fire Pit, Gazebo, Hot Tub
  • New Construction: No
  • Roof: Shingle
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Metal Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Attached Garage, Driveway, Garage - 2 Car, Garage Door Opener, Keypad Entry, Parking Space - 4+

Utilities

  • Heating: Heat Pump, Heat Pump
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Well

Schools

  • Middle Or Junior School: None
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Creek Front, Flood Plain/Bottom Land, Level, Long Range View, Mountain View, Paved, Creek/Stream, Wooded, Views, Wooded, Year Round View
  • Lot Size Area: 1.8
  • Lot Size Units: Acres
  • Parcel Number: 1651126
  • Zoning Description: None

Tax Info

  • RATIO List Price By Tax Amount: 2.42821

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: None
  • High School: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2020
Closed on
Apr 28, 2021
Sold by
Keough Aleta Marie
Bought by
Elkin Jeffrey and Gurwitz Elkin Yael
Seller's Agent
Caleb Pohlman
WEICHERT, Realtors - Unlimited
Buyer's Agent
Rebecca Herron
Nexus Realty LLC
List Price
$399,000
Sold Price
$375,000
Premium/Discount to List
-$24,000
-6.02%
Current Estimated Value
$619,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,424
Avg. Annual Appreciation
11.80%
Original Mortgage
$300,000
Outstanding Balance
$271,450
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$347,974

Purchase Details

Closed on
Jun 20, 2016
Sold by
Keough Alan Thomas and Keough Aleta Marie
Bought by
Keough Aleta Marie

Purchase Details

Closed on
May 4, 2016
Sold by
Keough Aleta Marie
Bought by
Keough Alan Thomas and Keough Aleta Marie
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
Elkin Jeffrey $380,000 None Available
Keough Aleta Marie -- None Available
Keough Aleta Marie -- None Available
Keough Alan Thomas -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elkin Jeffrey $300,000
Closed Elkin Jeffrey $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/22/2022 04/22/22 Sold $583,000 +1.4% $235 / Sq Ft
03/07/2022 03/07/22 For Sale $575,000 0.0% $232 / Sq Ft
03/04/2022 03/04/22 For Sale $575,000 +53.3% $232 / Sq Ft
04/29/2021 04/29/21 Sold $375,000 -6.0% $151 / Sq Ft View Prior Sale
03/19/2021 03/19/21 Pending -- -- --
11/20/2020 11/20/20 For Sale $399,000 -- $161 / 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 $2,248 $373,500 $50,800 $322,700
2024 $2,139 $373,500 $50,800 $322,700
2023 $1,599 $373,500 $50,800 $322,700
2022 $1,599 $236,800 $28,700 $208,100
2021 $1,587 $236,800 $28,700 $208,100
2020 $1,587 $236,800 $28,700 $208,100
2019 $1,579 $236,800 $28,700 $208,100
2018 $1,478 $218,242 $28,700 $189,542
2016 $0 $218,242 $28,700 $189,542
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3835447

Canopy MLS (Canopy Realtor® Association)

APN: 1651126