NOT LISTED FOR SALE

198 Sugarbush Point Unit 24 & 12 Lake Lure, NC 28746

Estimated Value: $670,488 - $716,000

2 Beds
3 Baths
2,240 Sq Ft
$305/Sq Ft Est. Value

Last Sold August 06, 2021

Last sale price $615,000 $275 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,926/month

42 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Screened Porch
  • Living Room with Fireplace
  • No HOA
  • Balcony

About This Home

As of August 2021

TWO-FOR-ONE! Existing 2bd/3ba/2bonus with views *PLUS* lakeview lot waiting for your dream home. Supervise construction of your new property from the comfort your own home just across the street, then convert this park-like sanctuary into a cash-cow vacation rental. Over 250,000 vacationers flock to Chimney Rock State Park each year and the demand for local vacation rentals is ever increasing. Located just minutes from Chimney Rock Climbing Park, the famous Flowering Bridge, Public Marina, Morse Park, Historic Lake Lure Inn & Spa, and Chimney Rock Village, this home can be a major income generator. Plenty of parking, level lot, tons of outdoor living spaces, fire pit, room for maintenance equipment and tons of extra storage. Mature gardens and breathtaking views await! Furnishings negotiable.
Property is also listed without additional lot. See MLS # 3726457

Last Agent to Sell the Property

George Carter

G Carter Consulting LLC Brokerage Email: George@GeorgeCarter.Realtor License #324263 Listed on: 04/13/2021

Co-Listed By

Ken Jordan

Dwell Realty Group Brokerage Email: George@GeorgeCarter.Realtor License #186726

Last Buyer's Agent

Shaun Beals

Real Estate Revolutions License #310018

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $3,613

Year Built

  • Built in 1999

Lot Details

  • 1.18 Acre Lot
  • Paved or Partially Paved Lot
  • Level Lot

Property Views

  • Water
  • Mountain

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • Screened Porch
  • Finished Basement

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • 4 Open Parking Spaces

Outdoor Features

  • Balcony
  • Patio
  • Outbuilding

Schools

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

Utilities

  • Central Heating
  • Vented Exhaust Fan
  • Heat Pump System
  • Heating System Uses Propane
  • Propane
  • Shared Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Sugar Bush Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1650825

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$3,613

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1999
  • Restrictions: Modular Allowed,Other - See Remarks,Square Feet
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 274.55
  • Attribution Contact: George@GeorgeCarter.Realtor
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl, Wood
  • Interior Amenities: Breakfast Bar
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1120
  • 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: 1120
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer
  • Above Grade Finished Sq Ft: 2240
  • Has Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: Den, Living Room
  • Living Area: 2240
  • Bedroom Main: 1
  • Room Count: 16

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Off Frame Modular
  • View: Long Range, Mountain(s), Water, Year Round
  • Waterfront Elevation: 1500
  • Construction Type: Vinyl
  • Other Structures: Outbuilding
  • Patio And Porch Features: Balcony, Covered, Enclosed, Glass Enclosed, Patio, Rear Porch, Screened

Garage/Parking

  • Main Level Garage YN: 0
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Driveway, Parking Space(s)

Utilities

  • Heating: Central, Heat Pump, Propane
  • Sewer: Septic Installed
  • Laundry Features: Upper Level
  • Cooling: Heat Pump
  • Utilities: Propane, Satellite Internet Available
  • Water Source: Shared Well

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Association: No

Schools

  • Middle Or Junior School: Lake Lure Classical Academy
  • HOA Subject To: None

Lot Info

  • Lot Features: Level, Paved, Views
  • Lot Size Area: 1.18
  • Lot Size Units: Acres
  • Parcel Number: 1650825
  • Zoning: RES
  • Plat Book Slide: 36/229
  • Lot Size Acres: 1.18
  • Lot Size Sq Ft: 51400
  • Additional Parcels Description: 1619273
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R1

Green Features

  • Green Verification Count: 1

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2021
Closed on
Aug 4, 2021
Sold by
Campbell Marta Lynn
Bought by
Mcnair Andrea Jean
Seller's Agent
George Carter
G Carter Consulting LLC
Buyer's Agent
Shaun Beals
Real Estate Revolutions
List Price
$649,000
Sold Price
$615,000
Premium/Discount to List
-$34,000
-5.24%
Current Estimated Value
$683,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,872
Avg. Annual Appreciation
2.57%
Original Mortgage
$265,000
Outstanding Balance
$240,967
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$442,905
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
Mcnair Andrea Jean $615,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcnair Andrea Jean $265,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2021 08/06/21 Sold $615,000 -5.2% $275 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $649,000 -- $290 / 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 $3,613 $440,000 $110,000 $330,000
2024 $3,564 $440,000 $110,000 $330,000
2023 $3,247 $440,000 $110,000 $330,000
2022 $3,247 $287,400 $82,500 $204,900
2021 $3,250 $287,400 $82,500 $204,900
2020 $2,931 $287,400 $82,500 $204,900
2019 $2,750 $287,400 $82,500 $204,900
2018 $2,390 $247,200 $75,000 $172,200
2016 $2,183 $247,200 $75,000 $172,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3728663

Canopy MLS (Canopy Realtor® Association)

APN: 1650825