NOT LISTED FOR SALE

Estimated Value: $60,000 - $129,000

1.12 Acres
$87,516 Price per Acre
48,787 Sq Ft Lot

Last Sold August 31, 2020

Last sale price $49,900

Est. 96% increase in value since last sale

Current estimated payment $626/month

497 Days on Market

Highlights

  • Access To Lake
  • Gated Community
  • Trails

About This Lot

As of August 2020

Huge Price Reduction on this level interior lot in The Arbor at Lake James. This lot has mountain views, and a deeded boatslip #10, which is at the smaller set of community docks that has a golf cart path leading down to the boat slips. Lot is priced below tax value! The Arbor is a gated community with walking trails, covered pavilion with fireplace and a dry boat storage area. Well and septic are needed. Lake James is close to Marion and Morganton for farm to table restaurants, shops and breweries.

Last Agent to Sell the Property

Denice Rechtiene

Lake Homes Realty LLC License #257118 Listed on: 02/21/2019

Lake Homes Realty LLC

Last Buyer's Agent

Denice Rechtiene

Lake Homes Realty LLC License #257118 Listed on: 02/21/2019

Lake Homes Realty LLC

Property Details

Property Type

  • Land

Lot Details

HOA Fees

  • $50 Monthly HOA Fees

Utilities

  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 1723-00-05-7891

Community Details

Recreation

  • Trails
  • Access To Lake

Additional Features

  • Gated Community

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 0.90727
  • Ratio Current Price By Acre: 44553.57
  • Restrictions: Architectural Review
  • Special Features: None

Interior Features

  • Foundation Details: Basement

Utilities

  • Sewer: Septic Needed
  • Water: Well Needed

Condo/Co-op/Association

  • Community Features: Gated Community, Lake Access, Walking Trails
  • Association Fee: 600.00
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Nebo
  • Middle School: East McDowell
  • High School: McDowell

Lot Info

  • Lot Dimension: 188x381x118x302
  • Lot Features: Lake Access, Long Range View, Views
  • Lot Size Area: 1.120
  • Parcel Number: 1723-00-05-7891
  • Zoning Specification: R

Tax Info

  • Tax Value: 75000.00
  • Tax Location: McDowell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2019
Closed on
Aug 26, 2020
Sold by
Cooper Frank
Bought by
Cherry Mountain Properties Llc
Seller's Agent
Denice Rechtiene
Lake Homes Realty LLC
Buyer's Agent
Denice Rechtiene
Lake Homes Realty LLC
List Price
$55,000
Sold Price
$49,900
Premium/Discount to List
-$5,100
-9.27%
Current Estimated Value
$98,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,118
Avg. Annual Appreciation
19.03%
Original Mortgage
$49,900
Outstanding Balance
$44,858
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$74,381

Purchase Details

Closed on
Oct 19, 2009
Sold by
Bank Of Granite
Bought by
Cooper Frank

Purchase Details

Closed on
Mar 3, 2006
Sold by
Cline Thoams R and Mccline Shearon Mc
Bought by
Swinging Hammer Properites Inc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cherry Mountain Properties Llc $50,000 None Available
Cooper Frank $54,500 None Available
Swinging Hammer Properites Inc $175,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cherry Mountain Properties Llc $49,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $49,900 0.0% --
07/02/2020 07/02/20 Pending -- -- --
02/20/2020 02/20/20 Price Changed $49,900 -9.3% --
02/21/2019 02/21/19 For Sale $55,000 -- --
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 $501 $75,000 $75,000 $0
2023 $501 $75,000 $75,000 $0
2022 $2,225 $328,200 $75,000 $253,200
2021 $509 $75,000 $75,000 $0
2020 $516 $75,000 $0 $0
2019 $516 $0 $0 $0
2017 $488 $75,000 $0 $0
2016 $488 $0 $0 $0
2014 -- $75,000 $75,000 $0
2013 -- $75,000 $75,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3477141

Canopy MLS (Canopy Realtor® Association)

APN: 1723-00-05-7891