NOT LISTED FOR SALE

3160 Memorial Hwy Lake Lure, NC 28746

Estimated Value: $276,108 - $411,000

2 Beds
1 Bath
1,094 Sq Ft
$312/Sq Ft Est. Value

Last Sold July 03, 2013

Last sale price $71,000 $65 Per Sq Ft

Est. 381% increase in value since last sale

Current estimated payment $1,978/month

52 Days on Market

Highlights

  • Cottage
  • Many Trees
  • Vinyl Flooring

About This Home

As of July 2013

Historical 1920 Home completely renovated and updated in 2004. Excellent rental income or private home. Walk to Chimney Rock Village and Lake Lure Flowering Bridge, Marina and Park. Convenient location on Hwy 64 East with views of Chimney Rock Park. Covered Front Porch and private read yard. Stone Wall.

Last Buyer's Agent

Charlene Efird

Lifestyle Properties License #209953

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,600

Year Built

  • Built in 1920

Lot Details

  • 871

Parking

  • Gravel Driveway
  • Shared Driveway

Home Design

  • Cottage

Additional Features

  • Vinyl Flooring
  • 1 Full Bathroom
  • Many Trees
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1637351

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,600

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Cottage
  • Ratio Close Price By List Price: 0.83529
  • Ratio Close Price By Original Li: 0.83529
  • Ratio Current Price By Acre: 3550000.00
  • Ratio Current Price By Sq Ft: 64.90
  • Year Built: 1920
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Equipment: Dryer, Exhaust Hood, Refrigerator, Washer
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Cable Available
  • Main Level Sq Ft: 1094
  • Total Sq Ft: 1094

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Gravel, Shared
  • Parking: Detached Garage, Garage - 1 Car

Utilities

  • Heating: Central Air, Electric Hot Air, Heat Pump - AC, Heat Pump - Heat
  • Sewer: Community Sewer
  • Water: City Water

Schools

  • Middle School: Lake Lure Classical Academy

Lot Info

  • Lot Features: Mountain View, Trees, Year Round View
  • Lot Size Area: 0.020
  • Parcel Number: 1637351
  • Plat Reference Section Pages: 851
  • Zoning Specification: R-20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2013
Closed on
Jul 3, 2013
Sold by
K Enterprises Inc
Bought by
Padgett Glenn A and Padgett Janice H
Buyer's Agent
Charlene Efird
Lifestyle Properties
List Price
$85,000
Sold Price
$71,000
Premium/Discount to List
-$14,000
-16.47%
Current Estimated Value
$341,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,277
Avg. Annual Appreciation
13.89%

Purchase Details

Closed on
Aug 2, 2004
Bought by
K Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,250
Interest Rate
6.19%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Padgett Glenn A $71,000 None Available
K Enterprises Inc $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner K Enterprises Inc $137,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2013 07/03/13 Sold $71,000 -16.5% $65 / Sq Ft
06/03/2013 06/03/13 Pending -- -- --
04/12/2013 04/12/13 For Sale $85,000 -- $78 / 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 $1,600 $193,900 $71,300 $122,600
2024 $1,396 $193,900 $71,300 $122,600
2023 $737 $193,900 $71,300 $122,600
2022 $737 $73,600 $28,500 $45,100
2021 $737 $73,600 $28,500 $45,100
2020 $729 $73,600 $28,500 $45,100
2019 $721 $73,600 $28,500 $45,100
2018 $744 $77,500 $39,400 $38,100
2016 $714 $77,500 $39,400 $38,100
2013 -- $62,900 $26,300 $36,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM536644

Canopy MLS (Canopy Realtor® Association)

APN: 1637351