NOT LISTED FOR SALE

374 Laurel Lakes Pkwy Lake Lure, NC 28746

Estimated Value: $420,000 - $493,000

3 Beds
2 Baths
1,346 Sq Ft
$332/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $280,000 $208 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,561/month

14 Days on Market

Highlights

  • Community Cabanas
  • Community Lake
  • Wooded Lot
  • Open Floorplan
  • Private Lot
  • Engineered Wood Flooring

About This Home

As of July 2020

IMMACULATE LOG CABIN nestled on 2.2 acres in Laurel Lakes, Lake Lure, NC. This inviting cabin offers privacy for full time living or a vacation get-a-way. Open concept Great Room with updated Master Bathroom, brand new Carport, and new covered entry porch. You can enjoy relaxing on your full length covered front Porch or back Porch on sunny & rainy days. Laurel Lakes is a private log home subdivision with a community lake for kayaking/canoeing. The common area offers a gazebo and picnic area next to the Lake. A terrific opportunity for a vacation rental property as well. Centrally located to major attractions such as the Chimney Rock State Park, Lake Lure, Tryon International Equestrian Center, Biltmore Estate, and several wineries. Recreational activities in the area include hiking, horse back riding, zip lining, boating, swimming, kayaking, shopping and so much more. This is a TURN KEY property and MOVE-IN READY!

Last Agent to Sell the Property

Debbie Hughes

EXP Realty LLC License #286307 Listed on: 06/04/2020

EXP Realty LLC

Last Buyer's Agent

Lacey Townsend

LOVE Land and Home Inc. License #295693

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • Private Lot
  • Wooded Lot
  • Many Trees

HOA Fees

  • $38 Monthly HOA Fees

Home Design

  • Cabin
  • Log Siding

Interior Spaces

  • 2 Full Bathrooms
  • Open Floorplan
  • Cathedral Ceiling
  • Insulated Windows
  • Window Treatments
  • Crawl Space
  • Attic Fan
  • Kitchen Island

Flooring

  • Engineered Wood
  • Tile

Outdoor Features

  • Fire Pit

Utilities

  • Heating System Uses Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 1632424

Community Details

Overview

  • Lonna Sanderson Association, Phone Number (828) 625-0336
  • Community Lake

Amenities

  • Picnic Area

Recreation

  • Community Cabanas

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

0

HOA Fees

$38 per month

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story
  • Architectural Style: Cabin
  • Ratio Close Price By List Price: 0.96585
  • Ratio Close Price By Original Li: 0.96585
  • Ratio Current Price By Acre: 123348.02
  • Ratio Current Price By Sq Ft: 208.02
  • Year Built: 2003
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Block, Crawl Space
  • Upper Level Sq Ft: 514
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Doors and Windows: g-Insulated Door(s), Insulated Windows, Screen Door(s)
  • Equipment: Ceiling Fan(s), CO Detector, Cooktop Gas, Dishwasher, Downdraft Cooktop, Exhaust Fan, Ice Maker Connection, Microwave, Propane, Refrigerator, Self Cleaning Oven, Wall Oven
  • Flooring: Carpet, Prefinished Wood, Tile
  • H O A Management Phone: 828-625-0336
  • Interior Amenities: Attic Fan, Cathedral Ceiling(s), Kitchen Island, Open Floorplan, Window Treatments
  • Laundry Location: Main, Closet
  • Room Count: 2
  • Main Level Sq Ft: 832
  • Total Sq Ft: 1346

Exterior Features

  • Construction: Log
  • Construction Type: Site Built
  • Exterior Features: Fire pit, Underground Power Lines

Garage/Parking

  • Driveway: Concrete
  • Parking: Carport - 2 Car, Parking Space - 4+

Utilities

  • Heating: Electric Hot Air, Heat Pump - AC, Heat Pump - Heat, Propane
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Lake, Cabana, Picnic Area
  • Association Fee: 459.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Lonna Sanderson
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Features: Lake Access, Mountain View, Paved Frontage, Private, Rolling, Trees, Water view, Winter View, Wooded
  • Lot Size Area: 2.270
  • Parcel Number: 1632424
  • Plat Book Slide: 22/64
  • Zoning Specification: R3

Tax Info

  • Tax Value: 216700.00
  • Tax Location: Rutherfordton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2020
Closed on
Jul 31, 2020
Sold by
Fowler Douglas G and Fowler Deborah L
Bought by
Mahnken James Robert and Machado Ana Lerida
Seller's Agent
Debbie Hughes
EXP Realty LLC
Buyer's Agent
Lacey Townsend
LOVE Land and Home Inc.
List Price
$289,900
Sold Price
$280,000
Premium/Discount to List
-$9,900
-3.41%
Current Estimated Value
$446,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,797
Avg. Annual Appreciation
9.42%
Original Mortgage
$243,777
Outstanding Balance
$216,647
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$230,150

Purchase Details

Closed on
Nov 20, 2017
Sold by
Sigmon Glenn R and Sigmon Acllene V
Bought by
Fowler Douglas G and Fowler Deborah L

Purchase Details

Closed on
Apr 29, 2002
Bought by
Sigmon Glenn Roy and Sigmon Allene Votik
Source: Public Records

Range of Values:

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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
Mahnken James Robert $280,000 None Available
Fowler Douglas G $205,000 None Available
Sigmon Glenn Roy $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahnken James Robert $243,777
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold $280,000 -3.4% $208 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
06/04/2020 06/04/20 For Sale $289,900 -- $215 / 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 $1,938 $316,000 $67,100 $248,900
2024 $1,836 $316,000 $67,100 $248,900
2023 $1,654 $316,000 $67,100 $248,900
2022 $1,654 $223,000 $67,100 $155,900
2021 $1,637 $223,000 $67,100 $155,900
2020 $1,595 $216,700 $67,100 $149,600
2019 $1,587 $216,700 $67,100 $149,600
2018 $1,477 $197,200 $67,200 $130,000
2016 $1,435 $197,200 $67,200 $130,000
2013 -- $197,200 $67,200 $130,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3626565

Canopy MLS (Canopy Realtor® Association)

APN: 1632424