NOT LISTED FOR SALE

342 W Lake Dr N Lake Lure, NC 28746

Estimated Value: $1,466,000 - $1,552,000

6 Beds
5.5 Baths
3,767 Sq Ft
$403/Sq Ft Est. Value

Last Sold March 22, 2024

Last sale price $1,550,000 $411 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $9,068/month

20 Days on Market

Highlights

  • Assigned Boat Slip
  • Access To Lake
  • RV or Boat Storage in Community
  • Golf Course Community
  • Fitness Center
  • Waterfront

About This Home

As of March 2024

Stunning 2017 Arts & Crafts waterfront home on Bald Mountain Lake! Offered TURN KEY! 6 Bedroom/5.5 Bathroom with open floor plan-massive great room with floor to ceiling stone fireplace, large kitchen
island/breakfast bar, 2 Refrigerators, 2 Dishwashers, walk-in pantry. Primary bedroom the main
level with ensuite and walk-in closet. Spacious covered deck overlooking the lake perfect for
entertaining or grilling! Upper level features 3 bedrooms and 2 full bathrooms. Basement level
features a cozy den with game area, 2 additional bedrooms each with their own ensuite,
beverage bar, laundry room and even a garage for your golf cart! Low maintenance yard. Grab your oars and head down to the dock to enjoy the lake or take advantage of the amenities including 2 restaurants, 2 golf courses, outdoor and indoor pool, private beach, fitness center and so much home! This home is a successful vacation rental.

Last Agent to Sell the Property

Lyn Weaver

Premier Sotheby’s International Realty Brokerage Email: Lyn.weaver@allentate.com License #191157 Listed on: 02/05/2024

Premier Sotheby’s International Realty

Last Buyer's Agent

Tara Nelon

Pinnacle Sothebys International Realty License #251098

Pinnacle Sothebys International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,162

Year Built

  • Built in 2017

Lot Details

  • Waterfront
  • Property is zoned R3

HOA Fees

  • $354 Monthly HOA Fees

Property Views

  • Water
  • Mountain

Home Design

  • Arts and Crafts Architecture
  • Permanent Foundation

Interior Spaces

  • 1.5-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Great Room with Fireplace

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Interior and Exterior Basement Entry

Parking

  • Garage
  • Driveway
  • Golf Cart Garage

Outdoor Features

  • Access To Lake
  • Assigned Boat Slip
  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Heat Pump System
  • Community Well
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 227519

Community Details

Overview

  • Theresa Kennedy Association, Phone Number (828) 694-3014
  • Rumbling Bald On Lake Lure Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area
  • Clubhouse

Recreation

  • RV or Boat Storage in Community
  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Indoor Pool
  • Community Spa
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,162

Year Built

Built in 2017

Lot Details

0

HOA Fees

$354 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Arts and Crafts
  • Year Built: 2017
  • Restrictions: Short Term Rental Allowed
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One and One Half
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 411.47
  • Geocode Confidence: High
  • Attribution Contact: Lyn.weaver@allentate.com
  • Special Features: None

Interior Features

  • Foundation Details: Permanent
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1537
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 905
  • Appliances: Dishwasher, Double Oven, Dryer, Electric Cooktop, Microwave, Refrigerator, Washer
  • Above Grade Finished Sq Ft: 2442
  • Has Basement: Exterior Entry, Finished, Interior Entry, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 1325
  • Fireplace Features: Great Room, Wood Burning
  • Living Area: 3767
  • Bedroom Main: 1
  • Bedroom Basement: 2

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Mountain(s), Water
  • Water Body Name: Bald Mountain Lake
  • Waterfront Features: Beach - Public, Boat Slip (Lease/License), Boat Slip – Community
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Covered, Deck

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Golf Cart Garage

Utilities

  • Heating: Heat Pump
  • Sewer: Private Sewer
  • Laundry Features: Laundry Room, Lower Level
  • Cooling: Heat Pump
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Golf, Hot Tub, Indoor Pool, Lake Access, Outdoor Pool, Picnic Area, RV/Boat Storage, Tennis Court(s), Walking Trails
  • Association Fee: 4248
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Theresa Kennedy
  • Phone: 828-694-3014
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 4248.00

Schools

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

Lot Info

  • Lot Features: Views, Waterfront
  • Lot Size Units: Acres
  • Parcel Number: 227519
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R3

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
Feb 5, 2024
Closed on
Mar 18, 2024
Sold by
Gordon Myles and Gordon Ashley
Bought by
Westbrook Thadeous Herbert
Seller's Agent
Lyn Weaver
Premier Sotheby’s International Realty
Buyer's Agent
Tara Nelon
Pinnacle Sothebys International Realty
List Price
$1,600,000
Sold Price
$1,550,000
Premium/Discount to List
-$50,000
-3.12%
Views
56
Current Estimated Value
$1,518,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,217
Avg. Annual Appreciation
-1.26%
Original Mortgage
$1,240,000
Outstanding Balance
$1,222,117
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$296,666

Purchase Details

Closed on
Nov 10, 2015
Sold by
Gordon Myles and Gordon Ashley
Bought by
Gordon Myles and Gordon Ashley
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
Westbrook Thadeous Herbert $1,550,000 None Listed On Document
Westbrook Thadeous Herbert $1,550,000 None Listed On Document
Gordon Myles -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Westbrook Thadeous Herbert $1,240,000
Closed Westbrook Thadeous Herbert $1,240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2024 03/22/24 Sold $1,550,000 -3.1% $411 / Sq Ft
02/05/2024 02/05/24 For Sale $1,600,000 -- $425 / 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 $9,162 $1,124,200 $300,000 $824,200
2024 $8,199 $1,124,200 $300,000 $824,200
2023 $7,070 $1,014,500 $300,000 $714,500
2022 $7,070 $626,600 $190,000 $436,600
2021 $7,076 $626,600 $190,000 $436,600
2020 $6,381 $626,600 $190,000 $436,600
2019 $5,997 $626,600 $190,000 $436,600
2018 $5,413 $559,800 $190,000 $369,800
2016 $1,148 $130,000 $130,000 $0
2013 -- $130,000 $130,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4106589

Canopy MLS (Canopy Realtor® Association)

APN: 227519