NOT LISTED FOR SALE

331 Chalet Rd Lake Lure, NC 28746

Estimated Value: $487,000 - $687,000

2 Beds
3 Baths
2,259 Sq Ft
$251/Sq Ft Est. Value

Last Sold November 16, 2023

Last sale price $510,000 $226 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,721/month

3 Days on Market

Highlights

  • Assigned Boat Slip
  • Golf Course Community
  • Access To Lake
  • Pier or Dock
  • Community Cabanas
  • Fitness Center

About This Home

As of November 2023

Nicely updated mountain getaway with winter views being offered with turnkey furnishings – ready to use or rent. New roof, fresh stain on house and decking, LVP flooring (all 2022). Main and upper levels each have one bedroom and full bath, and in basement a private, spacious bonus room with full bath is being used as a double bunk room. Interior tongue and groove walls and ceilings with contrasting beams on cathedral ceiling and as accent trim give rustic charm. The two-story great room features a wood-burning fireplace with stone surround. The upper loft provides additional sleeping or relaxing space. Kitchen updates include new appliances, lighting and granite counters. The basement 2-car garage has extra storage space and laundry area. Part of Rumbling Bald at Lake Lure, enjoy all the amenities (pools, lake access, beach, golf, fitness center). Great investment property or private home. Plenty of outdoor adventures and other activities within 50 mi. radius for anyone’s interests.

Last Agent to Sell the Property

Julie McKinney

Lifestyle Properties Brokerage Email: julie@lakelurelifestyle.com License #196705 Listed on: 10/04/2023

Last Buyer's Agent

Bob Carey

Weichert Realtors Mountain Executives License #315687

Weichert Realtors Mountain Executives

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,440

Year Built

  • Built in 1990

Lot Details

  • Sloped Lot
  • Wooded Lot
  • Property is zoned R3, R-3

HOA Fees

  • $349 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Basement Garage
  • Garage Door Opener
  • 2 Open Parking Spaces

Home Design

  • Cabin
  • Wood Siding
  • Stucco

Interior Spaces

  • 1.5-Story Property
  • Wired For Data
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Insulated Windows
  • Window Treatments
  • Great Room with Fireplace
  • Vinyl Flooring
  • Mountain Views

Kitchen

  • Electric Range
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer

Partially Finished Basement

  • Walk-Out Basement
  • Interior and Exterior Basement Entry
  • Basement Storage
  • Natural lighting in basement

Outdoor Features

  • Access To Lake
  • Assigned Boat Slip
  • Deck
  • Fire Pit
  • Front Porch

Schools

  • Lake Lure Classical Academy Elementary And Middle School
  • Lake Lure Classical Academy High School

Utilities

  • Heat Pump System
  • Community Well
  • Electric Water Heater
  • Septic Tank
  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 216850

Community Details

Overview

  • Teresa Kennedy Association, Phone Number (828) 694-3090
  • Rumbling Bald On Lake Lure Subdivision
  • Mandatory home owners association

Amenities

  • Sauna

Recreation

  • Pier or Dock
  • RV or Boat Storage in Community
  • Golf Course Community
  • Tennis Courts
  • Sport Court
  • Indoor Game Court
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Cabanas
  • Community Indoor Pool
  • Community Spa
  • Putting Green
  • Dog Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,440

Year Built

Built in 1990

Lot Details

0

HOA Fees

$349 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cabin
  • Year Built: 1990
  • Restrictions: Architectural Review,Building,Livestock Restriction,Manufactured Home Not Allowed,Modular Allowed,Short Term Rental Allowed,Signage,Square Feet
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Restrictions Description: Architectural Review, short-term rental allowed
  • Road Surface Type: Concrete, Paved
  • Unit Levels: One and One Half
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 225.76
  • Geocode Confidence: High
  • Attribution Contact: julie@lakelurelifestyle.com
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Vinyl
  • Interior Amenities: Cable Prewire, Cathedral Ceiling(s), Pantry, Storage
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1094
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 584
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Exhaust Hood, Microwave, Plumbed For Ice Maker, Refrigerator, Washer/Dryer
  • Above Grade Finished Sq Ft: 1678
  • Has Basement: Basement Garage Door, Daylight, Exterior Entry, Interior Entry, Partially Finished, Storage Space, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 581
  • Door Features: Insulated Door(s), Storm Door(s)
  • Fireplace Features: Great Room, Wood Burning
  • Living Area: 2259
  • Window Features: Insulated Window(s), Skylight(s), Window Treatments
  • Bedroom Main: 1
  • Room Count: 10
  • Sq Ft Other: 0
  • Bedroom Basement: 0

Exterior Features

  • Exterior Features: Fire Pit
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Mountain(s), Winter
  • Waterfront Features: Beach - Public, Boat Ramp – Community, Boat Slip (Lease/License), Boat Slip – Community, Paddlesport Launch Site - Community, Pier - Community
  • Waterfront Elevation: 1000
  • Construction Type: Hard Stucco, Wood
  • Patio And Porch Features: Deck, Front Porch, Side Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 513
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: Basement, Attached Garage, Garage Door Opener, Garage Faces Side

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, In Garage, Washer Hookup
  • Security: Security Service, Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Heat Pump
  • Utilities: Cable Available, Cable Connected, Fiber Optics, Wired Internet Available
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Cabana, Dog Park, Fitness Center, Game Court, Golf, Hot Tub, Indoor Pool, Lake Access, Outdoor Pool, Playground, Putting Green, Recreation Area, RV/Boat Storage, Sauna, Sport Court, Tennis Court(s)
  • Association Fee: 4189
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Teresa Kennedy
  • Phone: 828-694-3090
  • ResoAssociationFeeFrequency: Annually
  • Association Email: tkennedy@rumblingbald.com

Association/Amenities

  • Association Annual Expense: 4189.00

Schools

  • Middle Or Junior School: Lake Lure Classical Academy
  • HOA Subject To: Required

Lot Info

  • Lot Features: Sloped, Views, Wooded
  • Lot Size Area: 0.36
  • Lot Size Units: Acres
  • Parcel Number: 216850
  • Zoning: R-3
  • Plat Book Slide: 11
  • Plat Reference Section Pages: 78
  • Additional Parcels Description: 222551
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R3

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Lake Lure Classical Academy
  • High School: Lake Lure Classical Academy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2023
Closed on
Dec 5, 2023
Sold by
Albertson Laura R and Albertson Bryan D
Bought by
Veteran Travelers Llc
Seller's Agent
Julie McKinney
Lifestyle Properties
Buyer's Agent
Bob Carey
Weichert Realtors Mountain Executives
List Price
$520,000
Sold Price
$510,000
Premium/Discount to List
-$10,000
-1.92%
Views
40
Current Estimated Value
$567,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,158
Avg. Annual Appreciation
7.59%

Purchase Details

Listed on
Oct 4, 2023
Closed on
Nov 16, 2023
Sold by
Fhan Royce
Bought by
Albertson Laura R and Albertson Bryan D
Seller's Agent
Julie McKinney
Lifestyle Properties
Buyer's Agent
Bob Carey
Weichert Realtors Mountain Executives
List Price
$520,000
Sold Price
$510,000
Premium/Discount to List
-$10,000
-1.92%
Views
40

Purchase Details

Listed on
Mar 7, 2022
Closed on
Apr 12, 2022
Sold by
Wray Joe E
Bought by
Fhan Royce
Seller's Agent
Julie McKinney
Lifestyle Properties
Buyer's Agent
Ty Olinger
EXP Realty LLC Mooresville
List Price
$375,000
Sold Price
$430,000
Premium/Discount to List
$55,000
14.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.25%
Original Mortgage
$311,250
Interest Rate
4.72%
Mortgage Type
New Conventional
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
Veteran Travelers Llc -- None Listed On Document
Albertson Laura R $510,000 None Listed On Document
Fhan Royce $430,000 New Title Company Name
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fhan Royce $311,250
Previous Owner Wray Joe E $40,640
Previous Owner Wray Joe E $65,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2023 11/16/23 Sold $510,000 -1.9% $226 / Sq Ft
10/04/2023 10/04/23 For Sale $520,000 +20.9% $230 / Sq Ft
04/12/2022 04/12/22 Sold $430,000 +14.7% $190 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $375,000 -- $166 / 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 $3,440 $418,600 $50,000 $368,600
2024 $3,391 $418,600 $50,000 $368,600
2023 $2,304 $326,400 $50,000 $276,400
2022 $2,304 $203,700 $36,000 $167,700
2021 $2,306 $203,700 $36,000 $167,700
2020 $2,080 $203,700 $36,000 $167,700
2019 $1,949 $203,700 $36,000 $167,700
2018 $1,876 $194,000 $36,000 $158,000
2016 $1,713 $194,000 $36,000 $158,000
2013 -- $194,000 $36,000 $158,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4075702

Canopy MLS (Canopy Realtor® Association)

APN: 216850