NOT LISTED FOR SALE

270 Picnic Point Rd Lake Lure, NC 28746

Estimated Value: $1,212,000 - $1,321,419

5 Beds
2 Baths
2,946 Sq Ft
$433/Sq Ft Est. Value

Last Sold August 18, 2020

Last sale price $785,000 $266 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $7,413/month

53 Days on Market

Highlights

  • Waterfront
  • Walk-In Closet
  • Vinyl Flooring
  • Colonial Architecture
  • Wood Burning Fireplace

About This Home

As of August 2020

Live the lake life. Enjoy privacy as you own the entire point. With 482 feet of lakefront, this iconic lake cottage has a classic stone fireplace, perfect for relaxing. The boathouse and boat cover is ideal for a pontoon to float the weekend away. Sip your morning coffee as you gaze over the gently sloping yard, stone path leading down to the water's edge, and out across the pristine waters of Lake Lure. The upper level of the home includes a private sunroom, ideal for hiding away with a good book. Cozy up to the stone fireplace in the den in the evenings. Located near the Lodge on Lake Lure, 10 minutes to shopping, dining, and medical facilities.

Last Agent to Sell the Property

Tiffany Nelon

Walnut Cove Realty/Allen Tate/Beverly-Hanks License #248036 Listed on: 04/29/2020

Walnut Cove Realty/Allen Tate/Beverly-Hanks

Last Buyer's Agent

Rich Pace

TSG Residential License #313353

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 0.69

Parking

  • Gravel Driveway

Home Design

  • Colonial Architecture

Interior Spaces

  • Wood Burning Fireplace
  • Vinyl Flooring
  • Crawl Space
  • Laundry Chute

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Additional Features

  • Waterfront
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 229657

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Colonial
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 0.90751
  • Ratio Current Price By Acre: 1137681.16
  • Ratio Current Price By Sq Ft: 266.46
  • Year Built: 1948
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Outside Entrance, Basement Partially Finished, Crawl Space
  • Upper Level Sq Ft: 1293
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 5
  • Doors and Windows: Storm Window(s)
  • Equipment: Electric Range, Microwave, Refrigerator
  • Fireplace Description: Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Built-Ins, Cable Available, Laundry Chute, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Main, Kitchen
  • Room Count: 2
  • Main Level Sq Ft: 1653
  • Total Sq Ft: 2946
  • Sq Ft Unheated Basement: 513
  • Sq Ft Unheated Main: 588
  • Sq Ft Unheated Total: 1101

Exterior Features

  • Construction: Brick Partial, Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway

Utilities

  • Heating: Electric Baseboard Heat
  • Sewer: Public Sewer
  • Water: Well Installed
  • 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: Lake, Mountain View, Paved Frontage, Views, Waterfront, Winter View, Year Round View
  • Lot Size Area: 0.690
  • Parcel Number: 229657
  • Plat Book Slide: 9E/472
  • Zoning Specification: R1

Tax Info

  • Tax Value: 575900.00
  • Tax Location: Lake Lure

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2020
Closed on
Aug 14, 2020
Sold by
Nelon Helen G
Bought by
Dry Pro Basement Systems Inc
Seller's Agent
Tiffany Nelon
Walnut Cove Realty/Allen Tate/Beverly-Hanks
Buyer's Agent
Rich Pace
TSG Residential
List Price
$865,000
Sold Price
$785,000
Premium/Discount to List
-$80,000
-9.25%
Current Estimated Value
$1,274,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$489,605
Avg. Annual Appreciation
9.87%
Original Mortgage
$528,000
Outstanding Balance
$468,373
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$806,232
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
Dry Pro Basement Systems Inc $785,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dry Pro Basement Systems Inc $528,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2020 08/18/20 Sold $785,000 0.0% $266 / Sq Ft
06/21/2020 06/21/20 Pending -- -- --
06/12/2020 06/12/20 Price Changed $785,000 -9.2% $266 / Sq Ft
04/29/2020 04/29/20 For Sale $865,000 -- $294 / 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 $7,864 $964,100 $517,500 $446,600
2024 $7,793 $964,100 $517,500 $446,600
2023 $7,862 $902,200 $517,500 $384,700
2022 $7,862 $696,900 $402,500 $294,400
2021 $6,690 $592,400 $402,500 $189,900
2020 $5,865 $575,900 $402,500 $173,400
2019 $5,511 $575,900 $402,500 $173,400
2018 $6,546 $676,900 $577,500 $99,400
2016 $5,977 $676,900 $577,500 $99,400
2013 -- $676,900 $577,500 $99,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3614126

Canopy MLS (Canopy Realtor® Association)

APN: 229657