NOT LISTED FOR SALE

27 W Point Dr Unit 121 Nebo, NC 28761

Lake James Neighborhood

Estimated Value: $295,104

3.53 Acres
$83,599 Price per Acre
153,767 Sq Ft Lot

Last Sold October 24, 2023

Last sale price $285,000

Est. 4% increase in value since last sale

Current estimated payment $1,865/month

306 Days on Market

Highlights

  • Access To Lake
  • 3.53 Acre Lot
  • Private Lot
  • Waterfront
  • Hilly Lot
  • Wooded Lot

About This Lot

As of October 2023

JUST REDUCED BY $35,000! Enjoy long water Southern views from this 3+ acre waterfront lot in the gated community of The Peninsula at Lake James. Property has had soil suitability assessed for a 4BR home with conventional system. Over 200 feet of waterfront with beach area. Private dock can be applied for through Duke Energy. Full contour survey and house plans designed for the lot are available. The Peninsula has a community pool and bathhouse and day dock for residents. Close to hiking and biking on the Fonta Flora State Trail, Linville Gorge and 30 minutes to downtown Morganton shops & restaurants.

Last Agent to Sell the Property

Polly Leadbetter

Engel & Volkers Foothills Lake James Brokerage Email: polly.leadbetter@evrealestate.com License #210179 Listed on: 08/31/2022

Engel & Volkers Foothills Lake James

Last Buyer's Agent

Bob Rhein

GreyBeard Realty License #329790

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,094

Lot Details

  • 3.53 Acre Lot
  • Lot Dimensions are 475x553x213x495
  • Waterfront
  • Private Lot
  • Lot Has A Rolling Slope
  • Hilly Lot
  • Wooded Lot
  • Possible uses of the property include Recreational, Residential

HOA Fees

  • $60 Monthly HOA Fees

Property Views

  • Water Views

Schools

  • Nebo Elementary School
  • East Mcdowell Middle School
  • Mcdowell High School

Utilities

  • Underground Utilities
  • Well Required
  • Septic Needed

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 172300894696

Community Details

Overview

  • Empire South Realty Association, Phone Number (855) 209-5166
  • The Peninsula At Lake James Subdivision
  • Mandatory home owners association

Recreation

  • Community Pool
  • Access To Lake

Property Details

Property Type

Land

Est. Annual Taxes

$2,094

Lot Details

0

HOA Fees

$60 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Modular Not Allowed,Short Term Rental Allowed,Square Feet
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Attribution Contact: polly.leadbetter@evrealestate.com
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Possible Use: Recreational, Residential
  • Basement YN: Yes
  • Room Count: 0

Exterior Features

  • Construction Type: Site Built
  • Road Frontage: 475
  • View: Water, Year Round
  • Water Body Name: Lake James
  • Waterfront Features: Boat Slip – Community, Lake
  • Waterfront Elevation: 1000
  • Other Structures: None

Garage/Parking

  • Garage Yn: No
  • Open Parking: No

Utilities

  • Sewer: Septic Needed
  • Utilities: Electricity Connected, Phone Connected, Underground Power Lines, Underground Utilities
  • Water Source: Well Needed

Condo/Co-op/Association

  • Community Features: Gated, Lake Access, Outdoor Pool
  • Association Fee: 715
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Empire South REalty
  • Phone: 855-209-5166
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually
  • Association Email: propertymanagement@empiresouthrealty.com

Association/Amenities

  • Association Annual Expense: 715.00

Schools

  • Middle Or Junior School: East McDowell
  • HOA Subject To: Required

Lot Info

  • Lot Features: Hilly, Private, Rolling Slope, Wooded, Waterfront, Lake On Property
  • Lot Size Area: 3.53
  • Lot Size Units: Acres
  • Parcel Number: 172300894696
  • Zoning: R
  • Plat Book Slide: 28/48
  • Can Be Subdivided: 0
  • Lot Size Acres: 3.53
  • Lot Size: 475x553x213x495
  • Lot Size Sq Ft: 153766
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R

Green Features

  • Green Verification Count: 1

MLS Schools

  • Elementary School: Nebo
  • High School: McDowell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2022
Closed on
Oct 23, 2023
Sold by
West Point Cove At Lake James Llc
Bought by
Holliday Properties Llc
Seller's Agent
Polly Leadbetter
Engel & Volkers Foothills Lake James
Buyer's Agent
Bob Rhein
GreyBeard Realty
List Price
$300,000
Sold Price
$285,000
Premium/Discount to List
-$15,000
-5%
Views
87
Current Estimated Value
$295,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,104
Avg. Annual Appreciation
1.36%

Purchase Details

Closed on
Jun 4, 2021
Sold by
Patton James H and Shyshko Patton Yana
Bought by
West Point Cove At Lake James Llc
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
Holliday Properties Llc $285,000 None Listed On Document
West Point Cove At Lake James Llc $245,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2023 10/24/23 Sold $285,000 -5.0% --
07/01/2023 07/01/23 For Sale $300,000 +5.3% --
06/30/2023 06/30/23 Off Market $285,000 -- --
06/05/2023 06/05/23 Price Changed $300,000 -10.4% --
01/17/2023 01/17/23 For Sale $335,000 +17.5% --
12/31/2022 12/31/22 Off Market $285,000 -- --
11/11/2022 11/11/22 Price Changed $335,000 -10.7% --
08/31/2022 08/31/22 For Sale $375,000 -- --
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 $2,094 $300,000 $300,000 $0
2023 $2,094 $300,000 $300,000 $0
2022 $1,699 $240,000 $240,000 $0
2021 $1,651 $240,000 $240,000 $0
2020 $1,675 $240,000 $0 $0
2019 $1,675 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3900080

Canopy MLS (Canopy Realtor® Association)

APN: 1723-00-89-4696