NOT LISTED FOR SALE

1894 Memorial Hwy Lake Lure, NC 28746

Estimated Value: $543,000 - $781,548

2 Beds
1 Bath
974 Sq Ft
$642/Sq Ft Est. Value

Last Sold January 31, 2020

Last sale price $280,000 $287 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $3,814/month

317 Days on Market

Highlights

  • Waterfront
  • Wood Flooring
  • Cottage

About This Home

As of January 2020

Vintage 1945 Lakefront Cottage. Only two families have owned this property, and since 1951 it has been extensively used by multiple generations of the second family! Cozy Knotty Pine Walls. Wood Floors. Native stone wood-burning fireplace. Open Kitchen and Living Room. Easy access to the house as well as the lakefront. Off street parking area marked by Large Boulder and wooden sign '1894 Memorial '. Public Water. French Drain. Double Boathouse with Lifts, Side Docking and Sundeck. STONE SEAWALL recently tuck-pointed. Come enjoy easy relaxing at your vintage lake cottage.

Last Agent to Sell the Property

Charlene Efird

Lifestyle Properties License #209953 Listed on: 01/26/2019

Last Buyer's Agent

Julie McKinney

Lifestyle Properties License #196705

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1945

Lot Details

  • 0.26

Home Design

  • Cottage

Flooring

  • Wood
  • Vinyl

Additional Features

  • 1 Full Bathroom
  • Waterfront
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 229130

Home Details

Home Type

Single Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Cottage
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.77778
  • Ratio Close Price By Original Li: 0.57260
  • Ratio Current Price By Acre: 1076923.08
  • Year Built: 1945
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement, Basement Inside Entrance, Basement Outside Entrance, Block
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Equipment: Electric Range, Microwave, Refrigerator, Electric Oven
  • Fireplace Description: Living Room
  • Flooring: Vinyl, Wood
  • Room Count: 1
  • Sq Ft Unheated Basement: 426
  • Sq Ft Unheated Main: 624
  • Sq Ft Unheated Total: 1050

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Earth
  • Parking: On-Street Parking, Parking Space - 4+

Utilities

  • Heating: Window Unit
  • Sewer: Septic Installed
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Lake Lure Classical Academy
  • Middle School: Lake Lure Classical Academy
  • High School: Lake Lure Classical Academy

Lot Info

  • Lot Features: Mountain View, Sloping, Waterfront
  • Lot Size Area: 0.260
  • Parcel Number: 229130
  • Plat Book Slide: 2/17
  • Plat Reference Section Pages: 2/17
  • Zoning Specification: R-1

Tax Info

  • Tax Value: 359800.00
  • Tax Location: Lake Lure

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2019
Closed on
Jan 31, 2020
Sold by
Morrow Samuel Jerone and Morrow Ann H
Bought by
Moss Derek and Moss Claire
Seller's Agent
Charlene Efird
Lifestyle Properties
Buyer's Agent
Julie McKinney
Lifestyle Properties
List Price
$489,000
Sold Price
$280,000
Premium/Discount to List
-$209,000
-42.74%
Current Estimated Value
$625,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$345,387
Avg. Annual Appreciation
14.19%
Original Mortgage
$252,000
Interest Rate
3.87%
Mortgage Type
New Conventional
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
Moss Derek $280,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moss Derek $375,000
Closed Moss Derek $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2020 01/31/20 Sold $280,000 -22.2% $287 / Sq Ft
12/09/2019 12/09/19 Pending -- -- --
10/21/2019 10/21/19 Price Changed $360,000 -12.2% $370 / Sq Ft
06/27/2019 06/27/19 Price Changed $410,000 -6.6% $421 / Sq Ft
04/19/2019 04/19/19 Price Changed $439,000 -10.2% $451 / Sq Ft
01/26/2019 01/26/19 For Sale $489,000 -- $502 / 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
2024 $4,873 $602,300 $405,000 $197,300
2023 $4,113 $510,200 $405,000 $105,200
2022 $4,113 $364,200 $315,000 $49,200
2021 $4,067 $359,800 $315,000 $44,800
2020 $3,667 $359,800 $315,000 $44,800
2019 $3,443 $359,800 $315,000 $44,800
2018 $3,730 $385,700 $360,000 $25,700
2016 $3,406 $385,700 $360,000 $25,700
2013 -- $385,700 $360,000 $25,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3468826

Canopy MLS (Canopy Realtor® Association)

APN: 229130