NOT LISTED FOR SALE

1518 Southpointe Dr Unit 99 & 100 Morganton, NC 28655

Lake James Neighborhood

Estimated Value: $656,000 - $739,000

3 Beds
2.5 Baths
2,146 Sq Ft
$327/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $520,000 $242 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,223/month

8 Days on Market

Highlights

  • Open Floorplan
  • Clubhouse
  • Private Lot
  • Community Lake
  • Contemporary Architecture
  • Wooded Lot

About This Home

As of January 2022

Enjoy the Lake life in one of the most desirable locations on Lake James in Southpointe subdivision. Whether you desire a full-time residence or a vacation home, this floor plan offers many options. Custom built and well-maintained home boasts an attractive story and half contemporary design with exposed beams in the Great Room, hardwood floors, gas fireplace, solid surface kitchen countertops, stainless steel appliances, large owner’s suite on the main floor adjoining the sunroom, two bedrooms upstairs with full bath plus an office loft area that overlooks the Great room. Full unfinished basement offers an open canvas for designing a finished space that would meet the desires or needs of a growing family. Maintenance free brick construction to include a large deck for relaxing or entertaining. Deeded boat slip #114 (conveys with property) awaits you just around the corner to include a community club house, pool, walking trails and beautifully landscaped grounds.

Last Agent to Sell the Property

Dewaine Smith

WEICHERT, Realtors - Unlimited License #31442 Listed on: 12/12/2021

Last Buyer's Agent

Tim Newton

Coldwell Banker Newton RE License #103382

Coldwell Banker Newton RE

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • Private Lot
  • Irrigation
  • Wooded Lot
  • Many Trees

HOA Fees

  • $213 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Contemporary Architecture
  • Stone Siding

Interior Spaces

  • Open Floorplan
  • Skylights
  • Gas Log Fireplace
  • Window Treatments
  • Breakfast Bar

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Schools

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

Utilities

  • Heating System Uses Propane
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 7-102-1-36 & 37

Community Details

Overview

  • Sam Zaffino Association, Phone Number (704) 223-1497
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Recreation Facilities
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

HOA Fees

$213 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Architectural Style: Contemporary
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.94563
  • Ratio Close Price By Original Li: 0.94563
  • Ratio Current Price By Acre: 416000.00
  • Ratio Current Price By Sq Ft: 242.31
  • Year Built: 2006
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Inside Entrance, Basement Outside Entrance, Block, Concrete
  • Upper Level Sq Ft: 564
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Dishwasher, Dryer, Electric Oven, Electric Dryer Hookup, Electric Range, Microwave, Refrigerator
  • Fireplace Description: Gas Logs, Great Room, Propane
  • Fireplace: Yes
  • Flooring: Carpet, Concrete, Tile, Wood
  • H O A Management Phone: 704-223-1497
  • Interior Amenities: Breakfast Bar, Cable Available, Open Floorplan, Pantry, Skylight(s), Walk-In Closet(s), Window Treatments
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 1582
  • Total Sq Ft: 2146
  • Sq Ft Unheated Basement: 1381
  • Sq Ft Unheated Total: 1381

Exterior Features

  • Construction: Brick Full, Stone
  • Construction Type: Site Built
  • Exterior Features: In-Ground Irrigation, Underground Power Lines

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car, Garage Door Opener
  • Sq Ft Garage: 565

Utilities

  • Heating: Central Air, g-Energy Star HVAC, Heat Pump - AC, Heat Pump - Heat, MultiZone Heat, Propane
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Club House, Lake, Outdoor Pool, Recreation Area, Street Lights, Walking Trails
  • Association Fee: 2550.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Sam Zaffino
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Dimension: 333x277x241x25x94
  • Lot Features: Lake Access, Paved Frontage, Private, Sloping, Trees, Winter View, Wooded
  • Lot Size Area: 1.250
  • Parcel Number: 7-102-1-36 & 37
  • Plat Book Slide: 12/113
  • Plat Reference Section Pages: 113-120
  • Zoning Specification: R-1

Tax Info

  • Tax Value: 375303.00
  • Tax Location: Morganton

MLS Schools

  • Elementary School: Oak Hill
  • High School: Freedom

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2021
Closed on
Jan 31, 2022
Sold by
Pepper Olson and Pepper Judith
Bought by
Nesbit Robert
Seller's Agent
Dewaine Smith
WEICHERT, Realtors - Unlimited
Buyer's Agent
Tim Newton
Coldwell Banker Newton RE
List Price
$549,900
Sold Price
$520,000
Premium/Discount to List
-$29,900
-5.44%
Current Estimated Value
$701,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,802
Avg. Annual Appreciation
8.39%
Original Mortgage
$220,000
Outstanding Balance
$204,311
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$497,491

Purchase Details

Closed on
Jun 9, 2005
Sold by
Olson David and Olson Judith Pepper
Bought by
Olson David and Olson Judith Pepper

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
5%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 29, 2004
Sold by
Crescent Resources Llc
Bought by
Olson David and Olson Judith Pepper

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
5.71%
Mortgage Type
Purchase Money 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
Nesbit Robert -- Hodges Robert E
Nesbit Robert -- None Listed On Document
Olson David -- None Available
Olson David $19,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nesbit Robert $220,000
Closed Nesbit Robert $220,000
Previous Owner Olson David $230,000
Previous Owner Olson David $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2022 01/28/22 Sold $520,000 -5.4% $242 / Sq Ft
12/20/2021 12/20/21 Pending -- -- --
12/12/2021 12/12/21 For Sale $549,900 -- $256 / 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 $3,469 $497,841 $77,500 $420,341
2024 $3,515 $497,841 $77,500 $420,341
2023 $3,405 $497,841 $77,500 $420,341
2022 $2,991 $375,303 $64,250 $311,053
2021 $3,014 $375,303 $64,250 $311,053
2020 $3,017 $375,303 $64,250 $311,053
2019 $3,017 $375,303 $64,250 $311,053
2018 $2,736 $338,443 $69,500 $268,943
2017 $2,738 $338,443 $69,500 $268,943
2016 $2,696 $338,443 $69,500 $268,943
2015 $2,693 $338,443 $69,500 $268,943
2014 $2,698 $338,443 $69,500 $268,943
2013 $2,705 $338,443 $69,500 $268,943
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3763137

Canopy MLS (Canopy Realtor® Association)

APN: 51043