NOT LISTED FOR SALE

386 Melrose Rd Lake Lure, NC 28746

Estimated Value: $257,000 - $275,576

65 Acres
$4,097 Price per Acre
2,831,400 Sq Ft Lot

Last Sold July 14, 2023

Last sale price $262,060

Est. 2% increase in value since last sale

Current estimated payment $1,470/month

146 Days on Market

Highlights

  • Barn
  • 65 Acre Lot
  • Hilly Lot
  • Waterfront
  • Mountain View
  • Private Lot

About This Lot

As of July 2023

*ACCEPTING BACK UP OFFERS - UNDER CONTRACT as of 3/2/23. Due Diligence scheduled to end 5/1/23.* This is a mostly FLAT, UNRESTRICTED, 65-acre property only about 20 minutes from the activities of Chimney Rock/Lake Lure. There's an old home site (Enter homes at own risk! Unknown foundation condition), a DRILLED WELL (~300 ft deep per seller), TRAILS throughout, cell service, a huge CREEK, an old civil war site, POWER lines on the property and infinite potential! All of this is marked on the attached map. I think it would make a great campground, vacation rental compound, retreat center, RV park... let your mind go wild. Lake Lure has a beach and water park, restaurants, tons of hiking/biking options and more! Possibilities here are truly endless. *Buyer to verify ALL information provided in listing. Affidavit of easement was approved by title insurance.* MAKE US AN OFFER! NO Seller Financing! Copy/paste for video: https://youtu.be/6TFPqGivc4Y

Last Agent to Sell the Property

Brandi King

AVL REAL ESTATE SOURCE LLC Brokerage Email: happyheartrealtor@gmail.com License #306097 Listed on: 10/06/2022

Last Buyer's Agent

Bret Frk

Unique: A Real Estate Collective License #283506

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $889

Lot Details

  • 65 Acre Lot
  • Waterfront
  • Private Lot
  • Level Lot
  • Hilly Lot
  • Wooded Lot
  • Possible uses of the property include Farm, Gardening, Multi-Family, Pasture/Grazing, Poultry, Residential

Additional Features

  • Mountain Views
  • Barn
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 1115174

Community Details

Overview

  • No Home Owners Association

Recreation

  • Access to stream, creek or river
  • Shed

Property Details

Property Type

Land

Est. Annual Taxes

$889

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Acreage
  • Habitable Residence Yn: No
  • Restrictions: Manufactured Home Allowed,Modular Allowed,No Restrictions
  • Road Surface Type: Gravel
  • ResoPropertyType: Land
  • Attribution Contact: happyheartrealtor@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: None
  • Possible Use: Farm, Gardening, Multi-Family, Pasture/Grazing, Poultry, Residential

Exterior Features

  • View: Mountain(s)
  • Water Body Name: Creek
  • Waterfront Features: None
  • Other Structures: Barn(s), Shed(s), Other - See Remarks

Garage/Parking

  • Garage Yn: No
  • Open Parking: No

Utilities

  • Sewer: Septic Needed
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Creek Front, Hilly, Level, Private, Rolling Slope, Creek/Stream, Wooded, Views, Waterfront
  • Lot Size Units: Acres
  • Parcel Number: 1115174
  • Zoning: None
  • Plat Book Slide: 0000/0000
  • Can Be Subdivided: 1
  • Lot Size Acres: 65
  • Lot Size Sq Ft: 2831400
  • ResoLotSizeUnits: Acres
  • Zoning Specification: none

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2022
Closed on
Jul 13, 2023
Sold by
Szabo Alex
Bought by
Melvin Capital Investments Llc
Seller's Agent
Brandi King
AVL REAL ESTATE SOURCE LLC
Buyer's Agent
Bret Frk
Unique: A Real Estate Collective
List Price
$399,000
Sold Price
$262,060
Premium/Discount to List
-$136,940
-34.32%
Views
27
Current Estimated Value
$266,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,228
Avg. Annual Appreciation
0.70%

Purchase Details

Listed on
Oct 12, 2020
Closed on
Dec 6, 2021
Sold by
Gail Bailey Brenda
Bought by
Aza Partners Llc
Seller's Agent
Donna Kirkpatrick
EXP Realty LLC
Buyer's Agent
Brandi King
AVL REAL ESTATE SOURCE LLC
List Price
$325,000
Sold Price
$230,000
Premium/Discount to List
-$95,000
-29.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.09%

Purchase Details

Closed on
Feb 17, 2021
Sold by
Bailey Brenda Gail
Bought by
Beam Linda W and Beam Joseph
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Melvin Capital Investments Llc $262,500 None Listed On Document
Melvin Capital Investments Llc $262,500 None Listed On Document
Aza Partners Llc $230,000 Marter Katherine D Van
Beam Linda W $25,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/14/2023 07/14/23 Sold $262,060 -24.4% --
01/17/2023 01/17/23 Price Changed $346,500 -0.7% --
11/17/2022 11/17/22 Price Changed $349,000 -6.9% --
11/02/2022 11/02/22 Price Changed $375,000 -6.0% --
10/06/2022 10/06/22 For Sale $399,000 +73.5% --
01/11/2022 01/11/22 Sold $230,000 -23.1% -- View Prior Sale
10/22/2021 10/22/21 Pending -- -- --
07/10/2021 07/10/21 Price Changed $299,000 -8.0% --
04/16/2021 04/16/21 For Sale $325,000 +41.3% --
04/09/2021 04/09/21 Off Market $230,000 -- --
10/12/2020 10/12/20 For Sale $325,000 -- --
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 $889 $156,600 $155,200 $1,400
2024 $837 $156,600 $155,200 $1,400
2023 $7 $213,100 $211,700 $1,400
2022 $680 $100,000 $98,300 $1,700
2021 $7 $100,000 $98,300 $1,700
2020 $675 $100,000 $98,300 $1,700
2019 $667 $100,000 $98,300 $1,700
2018 $684 $101,000 $98,200 $2,800
2016 $674 $101,000 $98,200 $2,800
2013 -- $101,000 $98,200 $2,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3908681

Canopy MLS (Canopy Realtor® Association)

APN: 1115174