NOT LISTED FOR SALE

401 Earnest Thompson Seton Rd Lake Lure, NC 28746

Estimated Value: $271,310 - $342,000

2 Beds
1 Bath
600 Sq Ft
$502/Sq Ft Est. Value

Last Sold July 31, 2019

Last sale price $160,000 $267 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $1,720/month

100 Days on Market

Highlights

  • Wood Flooring
  • Garden Bath
  • Cabin

About This Home

As of July 2019

Picture yourself in this charming log cabin in the heart of Lake Lure! Close to all the happenings of Lake Lure and Chimney Rock. This two bedroom cabin offers the perfect getaway for you or continue to rent the cabin for investment income. Great investment property and other cabins can be available for a business opportunity. Home is on a quiet paved road with deck for relaxing or outdoor relaxation or sitting and listening to the sounds of Spring, Summer and Fall!

Last Agent to Sell the Property

Lyn Weaver

Premier Sotheby’s International Realty License #191157 Listed on: 03/18/2019

Premier Sotheby’s International Realty

Last Buyer's Agent

David Caulder

Caulder Realty & Land Co. License #75204

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • 10,019

Parking

  • Gravel Driveway

Home Design

  • Cabin
  • Log Siding

Flooring

  • Wood Flooring

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Garden Bath

Listing and Financial Details

  • Assessor Parcel Number 224830 / 0642-07-8689

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Cabin
  • Ratio Close Price By List Price: 0.91429
  • Ratio Close Price By Original Li: 0.91429
  • Ratio Current Price By Acre: 695652.17
  • Ratio Current Price By Sq Ft: 266.67
  • Year Built: 2004
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Block
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Equipment: Cooktop Electric, Refrigerator
  • Fireplace Description: Living Room
  • Flooring: Wood
  • Interior Amenities: Garden Tub
  • Room Count: 1
  • Main Level Sq Ft: 600
  • Total Sq Ft: 600

Exterior Features

  • Construction: Log
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway, Parking Space - 2

Utilities

  • Heating: Wall Unit - AC, Wall Unit Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

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

Lot Info

  • Lot Features: Paved Frontage
  • Lot Size Area: 0.230
  • Parcel Number: 224830 / 0642-07-8689
  • Zoning Specification: R4

Tax Info

  • Tax Value: 97900.00
  • Tax Location: Lake Lure

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2019
Closed on
Jul 31, 2019
Sold by
Watts Martyn D and Watts Susan
Bought by
Galeano Michelle N and Bily Jeremy M
Seller's Agent
Lyn Weaver
Premier Sotheby’s International Realty
Buyer's Agent
David Caulder
Caulder Realty & Land Co.
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%
Current Estimated Value
$301,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,328
Avg. Annual Appreciation
9.72%
Original Mortgage
$124,600
Outstanding Balance
$110,511
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$172,820
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Galeano Michelle N $160,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galeano Michelle N $124,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2019 07/31/19 Sold $160,000 -8.6% $267 / Sq Ft
06/26/2019 06/26/19 Pending -- -- --
03/18/2019 03/18/19 For Sale $175,000 -- $292 / 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 $1,470 $175,700 $35,000 $140,700
2024 $1,337 $164,100 $35,000 $129,100
2023 $1,143 $164,100 $35,000 $129,100
2022 $1,143 $100,700 $35,000 $65,700
2021 $1,144 $100,700 $35,000 $65,700
2020 $1,032 $100,700 $35,000 $65,700
2019 $937 $97,900 $35,000 $62,900
2018 $899 $93,000 $36,000 $57,000
2016 $821 $93,000 $36,000 $57,000
2013 -- $93,000 $36,000 $57,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3485323

Canopy MLS (Canopy Realtor® Association)

APN: 224830