NOT LISTED FOR SALE

5094 Fair Oak Dr Unit 1 Morganton, NC 28655

Lake James Neighborhood

Estimated Value: $100,000 - $102,487

0.93 Acre
$108,865 Price per Acre
40,511 Sq Ft Lot

Last Sold March 21, 2022

Last sale price $65,000

Est. 56% increase in value since last sale

Current estimated payment $695/month

199 Days on Market

Highlights

  • Access To Lake
  • Community Lake
  • Wooded Lot
  • Boat Slip
  • Clubhouse
  • Community Pool

About This Lot

As of March 2022

Beautiful Wooded Interior lot in established Southpointe on Lake James. This property comes with deeded boat slip #31. Southpointe provides easy walking access to their community boat slips. Property would be wonderful for a walk-out basement, and is located at the corner of Southpointe Drive and Fair Oak Drive. Southpointe offers community swimming pool, clubhouse and walking trails in sister community of Dry Creek. The new Fonta Flora hiking and mountain bike trail goes right through this community. Lake James has over 150 miles of shoreline and is the cleanest lake in North Carolina. Lake James is close to the Blue Ridge Parkway, Asheville, the city of Morganton for breweries, restaurants and shopping. Why buy expensive waterfront, come enjoy Lake James today!

Last Agent to Sell the Property

Denice Rechtiene

Lake Homes Realty LLC License #257118 Listed on: 09/03/2021

Lake Homes Realty LLC

Last Buyer's Agent

Byron Bailey

GreyBeard Realty License #230955

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $472

Lot Details

  • Lot Dimensions are 130x326x128x257x17
  • Property fronts a state road
  • Wooded Lot
  • Possible uses of the property include Recreational/2nd House, Residential
  • Zoning described as R-3

HOA Fees

  • $121 Monthly HOA Fees

Home Design

  • Slab Foundation

Schools

  • Oak Hill Elementary School
  • Table Rock Middle School
  • Freedom High School

Utilities

  • Underground Utilities
  • Fiber Optics Available

Listing and Financial Details

  • Assessor Parcel Number 56663

Community Details

Overview

  • Catawba Valley Association, Phone Number (828) 439-8834
  • Southpointe Subdivision
  • Mandatory home owners association
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Community Pool
  • Trails
  • Access To Lake
  • Boat Slip

Property Details

Property Type

Land

Est. Annual Taxes

$472

Lot Details

0

HOA Fees

$121 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Habitable Residence Yn: No
  • Ratio Current Price By Acre: 69892.47
  • Restrictions: Architectural Review,Modular Not Allowed,Square Feet
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Frontage Type: State Road
  • Structure Type: Lot
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Slab
  • Fixture Exception Yn: 0
  • Possible Use: Recreational/2nd House, Residential

Exterior Features

  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Wooded Acres: 0.93
  • Water Body Name: Lake James
  • Waterfront Features: Boat Slip (Deed)
  • Waterfront Elevation: 1000

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Fiber Optics, Telephone On-Site, Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Lake, Lake Access, Outdoor Pool, Walking Trails
  • Association Fee: 1455
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Catawba Valley
  • Phone: 828-439-8834
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Table Rock
  • HOA Subject To: Required
  • HOA Email: Cathleen@cvpmnc.com

Lot Info

  • Lot Features: Wooded
  • Lot Size Area: 0.93
  • Lot Size Units: Acres
  • Parcel Number: 56663
  • Out Buildings Yn: 0
  • Plat Book Slide: 7/100
  • Can Be Subdivided: 0
  • Cleared Acres: 0.00
  • Lot Size: 130x326x128x257x17
  • Zoning Description: R-3

Tax Info

  • RATIO List Price By Tax Amount: 1.56605

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Oak Hill
  • High School: Freedom

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2024
Sold by
Enger Darren J and Enger Laura
Bought by
Ledford Martin Eugene and Fox Spencer Chase
Current Estimated Value
$101,244

Purchase Details

Closed on
Jun 24, 2024
Sold by
Fox Spencer Chase and Fox Megan Vetice
Bought by
Mporsch Living Trust and Morsch

Purchase Details

Closed on
Aug 11, 2023
Sold by
Silvers Hassen and Silvers Johnnie
Bought by
Ledford Martin Eugene
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
Ledford Martin Eugene -- None Listed On Document
Mporsch Living Trust $100,000 None Listed On Document
Ledford Martin Eugene $32,500 None Listed On Document
Ledford Martin Eugene -- None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2022 03/21/22 Sold $65,000 -27.4% --
09/03/2021 09/03/21 For Sale $89,500 -- --
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 $472 $74,300 $74,300 $0
2024 $476 $74,300 $74,300 $0
2023 $476 $74,300 $74,300 $0
2022 $443 $57,150 $57,150 $0
2021 $443 $57,150 $57,150 $0
2020 $434 $57,150 $57,150 $0
2019 $443 $57,150 $57,150 $0
2018 $524 $67,580 $67,580 $0
2017 $524 $67,580 $67,580 $0
2016 $514 $67,580 $67,580 $0
2015 $514 $67,580 $67,580 $0
2014 $514 $67,580 $67,580 $0
2013 $514 $67,580 $67,580 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3782220

Canopy MLS (Canopy Realtor® Association)

APN: 56663