NOT LISTED FOR SALE

434 Rainbow Cir Lake Lure, NC 28746

Estimated Value: $601,868 - $784,000

2 Beds
2.5 Baths
2,100 Sq Ft
$336/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $342,000 $163 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $4,041/month

264 Days on Market

Highlights

  • Waterfront
  • Deck
  • Wood Flooring
  • Open Floorplan
  • Vaulted Ceiling
  • Recreation Facilities

About This Home

As of October 2016

SEE VIDEO TOUR! Affordable LAKEFRONT 2BR + 2 BONUS ROOMS, 2.5BA in Riverbend at Lake Lure. Stunning first impression, unique architecture, soaring vaulted ceilings, wall of windows overlooks lake, 2 wood fireplaces upper & lower, lake view dining, breakfast bar, Master Suite on main, skylights, wood floors, big holiday kitchen, lower Family / Rec room, wet bar, 1,300sf of upper & lower decks, yard is flat at the lake, fishing dock, boat house, garage and ample parking, GREAT HOME FOR THE MONEY!

Last Buyer's Agent

Paul Van Wormer

Coldwell Banker Quarters Real Estate Res License #251417

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,122

Year Built

  • Built in 1994

Lot Details

  • 0.74 Acre Lot
  • Waterfront

HOA Fees

  • $38 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Basement Garage
  • On-Street Parking
  • 2 Open Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Deck
  • Shed
  • Wrap Around Porch

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 1611752

Community Details

Overview

  • Riverbend Poa, Phone Number (828) 625-1289
  • Riverbend Subdivision
  • Mandatory home owners association

Recreation

  • Recreation Facilities
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,122

Year Built

Built in 1994

Lot Details

0

HOA Fees

$38 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1994
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete, Gravel
  • Unit Levels: One
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 162.86
  • Attribution Contact: Greg@MrLakeLure.com
  • Special Features: None

Interior Features

  • Foundation Details: Other - See Remarks
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Open Floorplan, Storage, Vaulted Ceiling(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1200
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 300
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 300
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Above Grade Finished Sq Ft: 1200
  • Has Basement: Basement, Basement Garage Door, Exterior Entry, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 900
  • Fireplace Features: Family Room, Living Room, Wood Burning
  • Living Area: 2100
  • Window Features: Skylight(s)
  • Bedroom Main: 1
  • Room Count: 10
  • Bedroom Basement: 1

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • View: Year Round
  • Waterfront Features: Lake
  • Waterfront Elevation: 1000
  • Construction Type: Vinyl
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Porch, Rear Porch, Side Porch, Wrap Around

Garage/Parking

  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: Basement, Garage, On Street, Parking Space(s)

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Laundry Room, Main Level
  • Cooling: Ceiling Fan(s), Heat Pump
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Gated, Recreation Area, Walking Trails, Other
  • Association Fee: 450
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Riverbend POA
  • Phone: 828-625-1289
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Lake Lure Classical Academy
  • HOA Subject To: Required

Lot Info

  • Lot Features: Waterfront
  • Lot Size Area: 0.74
  • Lot Size Units: Acres
  • Parcel Number: 1611752
  • Zoning: RES
  • Lot Size Acres: 0.74
  • Lot Size Sq Ft: 32234
  • Zoning Description: SFR
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RES

Green Features

  • Green Verification Count: 1

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2015
Closed on
Oct 31, 2016
Sold by
Partain Adrian A and Partain Phyllis E
Bought by
Brookins Dolly and Brookins Harper
Buyer's Agent
Paul Van Wormer
Coldwell Banker Quarters Real Estate Res
List Price
$375,000
Sold Price
$342,000
Premium/Discount to List
-$33,000
-8.8%
Current Estimated Value
$705,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,967
Avg. Annual Appreciation
8.45%

Purchase Details

Listed on
Oct 31, 2011
Closed on
Sep 14, 2012
Sold by
Jacobsen James G and Jacobsen Shirley M
Bought by
Partain Adrian A and Partain Phyllis E
Buyer's Agent
Lynda Austin
Keller Williams - Black Mtn.
List Price
$349,000
Sold Price
$300,000
Premium/Discount to List
-$49,000
-14.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.23%
Original Mortgage
$160,000
Interest Rate
2.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2005
Sold by
Schneider Brenda P and Schneider Jack B
Bought by
Jacobsen James G and Jacobsen Shirley M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.66%
Mortgage Type
New Conventional
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
Brookins Dolly $342,000 None Available
Partain Adrian A $300,000 None Available
Jacobsen James G $385,000 None Avilabale
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Partain Adrian A $160,000
Previous Owner Jacobsen James G $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2016 10/31/16 Sold $342,000 -8.8% $163 / Sq Ft
09/19/2016 09/19/16 Pending -- -- --
12/30/2015 12/30/15 For Sale $375,000 +25.0% $179 / Sq Ft
09/18/2012 09/18/12 Sold $300,000 -14.0% $143 / Sq Ft
07/25/2012 07/25/12 Pending -- -- --
10/31/2011 10/31/11 For Sale $349,000 -- $166 / 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 $3,122 $535,700 $100,000 $435,700
2024 $2,833 $535,700 $100,000 $435,700
2023 $2,446 $535,700 $100,000 $435,700
2022 $2,446 $362,800 $100,000 $262,800
2021 $2,428 $362,800 $100,000 $262,800
2020 $2,399 $358,500 $100,000 $258,500
2019 $2,391 $358,500 $100,000 $258,500
2018 $2,164 $319,700 $100,000 $219,700
2016 $2,132 $319,700 $100,000 $219,700
2013 -- $319,700 $100,000 $219,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3137424

Canopy MLS (Canopy Realtor® Association)

APN: 1611752