NOT LISTED FOR SALE

401 Lookout Dr Unit 954-956 Mars Hill, NC 28754

Estimated Value: $627,000 - $751,000

3 Beds
3 Baths
1,860 Sq Ft
$371/Sq Ft Est. Value

Last Sold August 24, 2020

Last sale price $160,000 $86 Per Sq Ft

Est. 331% increase in value since last sale

Current estimated payment $3,907/month

16 Days on Market

Highlights

  • Ski Accessible
  • Fitness Center
  • Clubhouse
  • Golf Course Community
  • Gated Community
  • Pond

About This Home

As of August 2020

Terrific views from this property. House needs TLC. Modernizing. Lots on either side of the house are included in this property. Great value for the price. House is AS IS. Furnishings in the home stay. Great potential, screen porch! enjoy resting and reading on your covered porch as you enjoy the beautiful Mountain views. Convenient to Wolf Laurel Country Club, and Golf. Hike the Appalachian Trail. Feel secure as you enjoy the mountains in a gated secure resort.

Last Agent to Sell the Property

Jane Wallin

Mountain Laurel Realty License #162518 Listed on: 06/17/2020

Last Buyer's Agent

Katie Wangrin

Preferred Properties License #284524

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1989

Lot Details

  • 1.9

HOA Fees

Parking

  • Gravel Driveway

Home Design

  • Cabin

Utilities

  • Septic Tank
  • Cable TV Available

Additional Features

  • Kitchen Island
  • Vinyl Flooring
  • 3 Full Bathrooms
  • Pond
  • Wooded Lot

Listing and Financial Details

  • Assessor Parcel Number 986204539131000

Community Details

Overview

  • Wolf Laurel Poa, Phone Number (828) 689-9229

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Trails
  • Ski Accessible

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 1989

Lot Details

0

HOA Fees

$101 per month

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story
  • Architectural Style: Cabin
  • Ratio Close Price By List Price: 0.89385
  • Ratio Close Price By Original Li: 0.89385
  • Ratio Current Price By Acre: 84210.53
  • Ratio Current Price By Sq Ft: 86.02
  • Year Built: 1989
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Outside Entrance
  • Upper Level Sq Ft: 800
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Fireplace Description: Living Room
  • Flooring: Carpet, Vinyl
  • H O A Management Phone: 828-689-9229
  • Interior Amenities: Cable Available, Kitchen Island
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 1060
  • Total Sq Ft: 1860

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Parking Space - 2

Utilities

  • Heating: Gas Hot Air Furnace, No A/C
  • Sewer: Septic Installed
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Club House, Fitness Center, Gated Community, Golf Course, Outdoor Pool, Pond, Security, Ski Slopes, Tennis Court(s), Walking Trails
  • Association Fee: 175.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Wolf Laurel POA
  • Hoa Subject To Dues: Mandatory
  • Association #2 Fee: 1032.00
  • Association #2 Fee Frequency: Annually

Schools

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

Lot Info

  • Lot Features: Long Range View, Mountain View, Wooded, Year Round View
  • Lot Size Area: 1.900
  • Parcel Number: 986204539131000
  • Zoning Specification: RES

Tax Info

  • Tax Value: 176090.00
  • Tax Location: Burnsville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2024
Sold by
Denenberg Roman and Denenberg Sarah
Bought by
Lookout Nc Revocable Trust and Lookout Nc Llc
Current Estimated Value
$689,651

Purchase Details

Closed on
May 10, 2024
Sold by
Taylor Julia and Taylor Brian
Bought by
Denenberg Roman and Denenberg Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$541,800
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2022
Sold by
Olmsted Ian Roys and Olmsted Catherine
Bought by
Taylor Julia and Taylor Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,180
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2021
Sold by
Washington Street Capital Llc
Bought by
Olmsted Ian Roys and Olmsted Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 17, 2020
Closed on
Aug 13, 2020
Sold by
Ball James Dale and Ball Carole Jane
Bought by
Washington Street Capital Llc
Seller's Agent
Jane Wallin
Mountain Laurel Realty
Buyer's Agent
Katie Wangrin
Preferred Properties
List Price
$179,000
Sold Price
$160,000
Premium/Discount to List
-$19,000
-10.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.95%
Original Mortgage
$160,004
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 25, 2019
Sold by
Ball James D and Ball Carole J
Bought by
Ball James D and Ball Jane

Purchase Details

Closed on
Oct 16, 1997
Bought by
Ball James Dale
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
Lookout Nc Revocable Trust -- None Listed On Document
Denenberg Roman $603,000 None Listed On Document
Taylor Julia $399,000 --
Olmsted Ian Roys $5,000 Vantage Point Title Inc
Olmsted Ian Roys -- None Listed On Document
Washington Street Capital Llc $160,000 None Available
Ball James D -- --
Ball James Dale $360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Denenberg Roman $541,800
Previous Owner Taylor Julia $339,180
Previous Owner Olmsted Ian Roys $180,000
Previous Owner Washington Street Capital Llc $160,004
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2020 08/24/20 Sold $160,000 -10.6% $86 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
06/17/2020 06/17/20 For Sale $179,000 -- $96 / 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 $1,795 $314,900 $106,500 $208,400
2024 $1,795 $314,900 $106,500 $208,400
2023 $1,145 $176,090 $57,000 $119,090
2022 $1,122 $176,090 $57,000 $119,090
2021 $1,145 $176,090 $57,000 $119,090
2020 $1,145 $176,090 $57,000 $119,090
2019 $1,099 $169,090 $50,000 $119,090
2018 $1,099 $169,090 $50,000 $119,090
2017 $1,099 $169,090 $50,000 $119,090
2016 $1,099 $169,090 $50,000 $119,090
2015 $1,228 $223,300 $100,000 $123,300
2014 $1,228 $223,300 $100,000 $123,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3632025

Canopy MLS (Canopy Realtor® Association)

APN: 986204539131.000