NOT LISTED FOR SALE

40 Mountain Laurel Dr Unit 772 Old Fort, NC 28762

Estimated Value: $687,000 - $1,041,345

3 Beds
3 Baths
3,823 Sq Ft
$221/Sq Ft Est. Value

Last Sold July 28, 2020

Last sale price $499,000 $131 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $5,110/month

5 Days on Market

Highlights

  • Gated Community
  • Wood Flooring
  • Fireplace
  • Post and Beam

About This Home

As of July 2020

Are you looking for a mountain home? Now you have found it. This beautiful post & beam home offers captivating Lake Lure views on over 5 acres w/ a paved road. The great room is perfect for your family & friends to gather. Exceptional lighting. Beautiful fireplace. Quality, custom-built mountain home. Wrap-around deck. Spacious living, recreation & guest space in a fully finished basement. Full garage. Every piece of furniture & decor was purchased specifically for this home (furnishings negotiable). Master bdrm has an attached bath w/ jacuzzi tub & dual sinks, custom cherry cabinetry, library and balcony. Main floor offers kitchen, two bdrms, full bath & a great room. Rental home potential HUGE! Or perfect full/ part-time home! Located in a gated community just east of Asheville w/ natural forest situated on over 3,000 acres while being just minutes to many popular destinations such as Mt Mitchell/ Biltmore House/ Black Mtn/ Lake James/ Lake Lure/ Chimney Rock!

Last Agent to Sell the Property

Jeannie Conner

Greybeard Realty Old Fort Office License #217311 Listed on: 05/22/2020

Last Buyer's Agent

Clay Arnold

GreyBeard Realty License #315538

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1998

Lot Details

  • 5.54

HOA Fees

  • $90 Monthly HOA Fees

Parking

  • 2

Home Design

  • Post and Beam

Interior Spaces

  • 3 Full Bathrooms
  • Fireplace

Flooring

  • Wood
  • Tile

Utilities

  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 0656-00-48-2653

Community Details

Overview

  • Darlene Nolan Association, Phone Number (828) 668-7878

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 1998

Lot Details

0

HOA Fees

$90 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Architectural Style: Post and Beam
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.95048
  • Ratio Close Price By Original Li: 0.95048
  • Ratio Current Price By Acre: 90072.20
  • Ratio Current Price By Sq Ft: 130.53
  • Special Assessment Description: $200 ROAD PAVING ANNUAL FEE
  • Special Assessment Yn: Yes
  • Year Built: 1998
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Fully Finished
  • Upper Level Sq Ft: 862
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Dishwasher, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer
  • Fireplace Description: Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • H O A Management Phone: 828-668-7878
  • Laundry Location: Main
  • Room Count: 3
  • Sq Ft Basement: 1215
  • Main Level Sq Ft: 1746
  • Total Sq Ft: 3823

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built
  • Exterior Features: Satellite Internet Available

Garage/Parking

  • Driveway: Asphalt
  • Parking: Basement, Garage - 2 Car

Utilities

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

Condo/Co-op/Association

  • Community Features: Gated Community
  • Association Fee: 1079.00
  • Association Fee Frequency: Annually
  • HOA Management Company: DARLENE NOLAN
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Features: Long Range View, Year Round View
  • Lot Size Area: 5.540
  • Parcel Number: 0656-00-48-2653
  • Plat Reference Section Pages: 946/364

Tax Info

  • Tax Value: 463500.00
  • Tax Location: McDowell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2020
Closed on
Jul 23, 2020
Sold by
Bosco Rhoda J and Bosco Stephen M
Bought by
Hewitt Bradley Daniel
Seller's Agent
Jeannie Conner
Greybeard Realty Old Fort Office
Buyer's Agent
Clay Arnold
GreyBeard Realty
List Price
$525,000
Sold Price
$499,000
Premium/Discount to List
-$26,000
-4.95%
Current Estimated Value
$846,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$347,586
Avg. Annual Appreciation
10.70%
Original Mortgage
$449,100
Outstanding Balance
$398,971
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$447,615

Purchase Details

Closed on
Mar 1, 1997
Bought by
Bosco Stephen M and Bosco Rhoda J
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
Hewitt Bradley Daniel $499,000 None Available
Bosco Stephen M $2,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hewitt Bradley Daniel $449,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2020 07/28/20 Sold $499,000 -5.0% $131 / Sq Ft
05/27/2020 05/27/20 Pending -- -- --
05/22/2020 05/22/20 For Sale $525,000 -- $137 / 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 $6,165 $909,260 $100,000 $809,260
2024 $6,165 $909,260 $100,000 $809,260
2023 $6,165 $909,260 $100,000 $809,260
2022 $4,328 $629,010 $100,000 $529,010
2021 $4,328 $629,010 $100,000 $529,010
2020 $4,390 $629,010 $0 $0
2019 $4,390 $463,500 $0 $0
2017 $2,969 $463,500 $0 $0
2016 $2,969 $463,500 $100,000 $363,500
2014 $2,826 $463,500 $100,000 $363,500
2013 -- $463,500 $100,000 $363,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3623390

Canopy MLS (Canopy Realtor® Association)

APN: 0656-00-48-2653