NOT LISTED FOR SALE

199 Lake Rd Stanley, NC 28164

Estimated Value: $933,000 - $7,516,342

5 Beds
7 Baths
7,140 Sq Ft
$440/Sq Ft Est. Value

Last Sold December 28, 2017

Last sale price $3,700,000 $518 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $17,703/month

28 Days on Market

Highlights

  • Golf Course Community
  • Waterfront
  • Private Lot
  • In Ground Pool
  • Open Floorplan
  • Pond

About This Home

As of December 2017

Rustic oasis nestled in the woods will WOW you as you drive through the gate & along the long curving driveway past the ponds to this one of a kind luxury log home. Privacy galore! Beautiful chef's kitchen, huge dining room, soaring ceilings in great room overlook pool & ponds. Deluxe owner's suite offers views, heated bath floors, custom walk-in closet. Perfect for entertainment, relaxation & fun! House with total of 148 ac. includes 3 separate parcels 204324, 210221 & 225320. City water avail.

Last Agent to Sell the Property

Kim Young

EXP Realty LLC Ballantyne License #184560 Listed on: 11/02/2017

EXP Realty LLC Ballantyne

Co-Listed By

Valerie Mitchener

Corcoran HM Properties License #40959

Last Buyer's Agent

Joshua Fannin

Providence Management & Investments LLC License #79830

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • Waterfront
  • Private Lot
  • Many Trees
  • Property is zoned Residential Acreage

Parking

  • 3

Home Design

  • Cabin
  • Log Siding

Interior Spaces

  • Open Floorplan
  • Wet Bar
  • Cathedral Ceiling
  • Fireplace
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Garden Bath

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Pond
  • Outdoor Fireplace
  • Outdoor Kitchen
  • Terrace
  • Fire Pit
  • Shed
  • Outdoor Gas Grill

Utilities

  • Radiant Heating System
  • Heating System Uses Propane
  • Well
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 204324

Community Details

Recreation

  • Golf Course Community
  • Recreation Facilities
  • Community Pool
  • Community Spa
  • Trails

Building Details

  • Security

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

Parking

3

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Cabin
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.77083
  • Ratio Close Price By Original Li: 0.77083
  • Ratio Current Price By Acre: 25000.00
  • Ratio Current Price By Sq Ft: 518.21
  • Year Built: 2006
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance, Concrete
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bathrooms: 7.00
  • Total Bedrooms: 5
  • Equipment: Ceiling Fan(s), Cable Prewire, Cooktop Gas, Central Vacuum, Double Oven, Disposal, Dryer, Dishwasher, Gas Dryer Hookup, Gas Range, Ice Maker Connection, Microwave, Network Ready, Refrigerator, Exhaust Hood, Self Cleaning Oven, Security System, Surround Sound, Wall Oven, Washer, Propane, Gas Oven
  • Fireplace Description: Great Room, Rec Room, Wood burning w/Gas Starter
  • Fireplace: Yes
  • Flooring: Carpet, Stone, Tile, Wood
  • Interior Amenities: Cable Available, Cathedral Ceiling(s), Garden Tub, Hot Tub, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling, Walk-In Closet(s), Wet Bar
  • Laundry Location: Main, Basement, Laundry Room
  • Room Count: 2
  • Lower Level Sq Ft: 3307
  • Main Level Sq Ft: 3833
  • Total Sq Ft: 7140
  • Sq Ft Unheated Lower: 155
  • Sq Ft Unheated Main: 866
  • Sq Ft Unheated Total: 1021

Exterior Features

  • Construction: Log, Wood
  • Construction Type: Site Built
  • Exterior Features: Hot Tub, In-Ground Gas Grill, Pool-In-Ground, Outdoor Fireplace, Outdoor Kitchen, Pier, Shed(s), Terrace, Fire pit

Garage/Parking

  • Driveway: Asphalt, Gated
  • Parking: Driveway, Garage - 3 Car, Garage Door Opener, Keypad Entry

Utilities

  • Heating: Central Air, Heat Pump - AC, Heat Pump - Heat, Propane, Radiant Heat, Wall Unit - AC
  • Sewer: Septic Tank
  • Water: Filtration System, Well
  • Water Heater: Propane

Condo/Co-op/Association

  • Community Features: Golf Course, Hot Tub, Pond, Outdoor Pool, Recreation Area, Security, Walking Trails

Lot Info

  • Lot Features: Waterfront, Lake Access, Lake, Private, Rolling, Trees
  • Parcel Number: 204324
  • Zoning: Residential Acreage
  • Zoning Specification: R1

Tax Info

  • Tax Value: 984786.00
  • Tax Location: Stanley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2018
Sold by
Stewart Frank and Stewart Michele
Bought by
Stewart Frank Alexander
Current Estimated Value
$3,138,447

Purchase Details

Listed on
Nov 2, 2017
Closed on
Dec 28, 2017
Sold by
Diamond Pro Investments Llc
Bought by
Stewart Frank and Stewart Michele
Seller's Agent
Kim Young
EXP Realty LLC Ballantyne
Buyer's Agent
Joshua Fannin
Providence Management & Investments LLC
List Price
$4,800,000
Sold Price
$3,700,000
Premium/Discount to List
-$1,100,000
-22.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.08%
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
Stewart Frank Alexander -- None Available
Stewart Frank Alexander -- None Available
Stewart Frank -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2017 12/28/17 Sold $3,700,000 -22.9% $518 / Sq Ft
11/30/2017 11/30/17 Pending -- -- --
11/02/2017 11/02/17 For Sale $4,800,000 -- $672 / 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 $15,307 $2,143,840 $314,330 $1,829,510
2024 $15,307 $2,143,840 $314,330 $1,829,510
2023 $14,900 $2,143,840 $314,330 $1,829,510
2022 $12,048 $1,309,570 $247,280 $1,062,290
2021 $12,218 $1,309,570 $247,280 $1,062,290
2019 $12,218 $1,309,570 $247,280 $1,062,290
2018 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3335642

Canopy MLS (Canopy Realtor® Association)

APN: 227879