Seller's Agent in 2020
Dianne Reihl
Engel & Volkers Foothills Lake James
(828) 443-2172
59 in this area
93 Total Sales
5124 Fair Oak Dr Unit 5 Morganton, NC 28655
Lake James NeighborhoodEstimated Value: $1,208,000 - $1,352,000
1.17
Acres
$1,104,787
Price per Acre
50,965
Sq Ft Lot
Highlights
- Access To Lake
- Clubhouse
- Community Pool
- Community Lake
- Wooded Lot
- Trails
About This Lot
As of December 2020Desirable, affordable 1.17 acre value priced lot #5 in prestigious Southpointe at Lake James. Lot is FLAT with gently sloping back conducive for crawl space or walk-out daylight basement. Rear of lot borders conservation area in Dry Creek, providing lots of privacy. City water and sewer available. One story (1600 min sq ft ) or two story (1300 sq ft min on main) home suitable with or without basement. Two car garage required. State maintained road. Deeded boat slip #104 with no stairs to water conveys with lot. Community dock is lighted, maintained by HOA, boat lifts are allowed. Lot is located near walking trailhead area in Dry Creek. Southpointe amenities include swimming pool, clubhouse, walking trails. Just minutes to charming downtown Morganton for shopping, dining, entertainment, etc. Minutes to Fonta Flora State Trail
Last Agent to Sell the Property
Engel & Volkers Foothills Lake James License #246976 Listed on: 02/25/2019
Property Details
Property Type
- Land
Lot Details
- Level Lot
- Wooded Lot
- Many Trees
HOA Fees
- $118 Monthly HOA Fees
Utilities
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 56667
Community Details
Overview
- Cvpm Association, Phone Number (828) 439-8835
- Community Lake
Amenities
- Clubhouse
Recreation
- Community Pool
- Trails
- Access To Lake
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 22, 2024
Sold by
Tarmount Development Company Llc
Bought by
Peterson Mark Alan and Peterson Abigail Troeger
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,044,000
Outstanding Balance
$1,031,981
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$260,620
Purchase Details
Listed on
Feb 25, 2019
Closed on
Dec 22, 2020
Sold by
Franklin Richard E and Franklin Deborah J
Bought by
Tarmount Development Company Llc
Seller's Agent
Dianne Reihl
Engel & Volkers Foothills Lake James
Buyer's Agent
Laura Faria
Keller Williams Unified
List Price
$69,000
Sold Price
$58,000
Premium/Discount to List
-$11,000
-15.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
90.40%
Purchase Details
Closed on
Oct 3, 2018
Sold by
Cioffoletti Michael and Cioffoletti Julie L
Bought by
Franklin Richard E and Franklin Deborah J
Purchase Details
Closed on
May 29, 2013
Sold by
Vanriper John F and Van Riper Claudia
Bought by
Cioffoletti Michael
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Peterson Mark Alan | $1,305,000 | None Listed On Document | |
| Peterson Mark Alan | $1,305,000 | None Listed On Document | |
| Tarmount Development Company Llc | $58,000 | None Available | |
| Franklin Richard E | $65,000 | None Available | |
| Cioffoletti Michael | $65,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Peterson Mark Alan | $1,044,000 | |
| Closed | Peterson Mark Alan | $1,044,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/30/2020 12/30/20 | Sold | $58,000 | -15.9% | -- |
| 12/08/2020 12/08/20 | Pending | -- | -- | -- |
| 10/06/2020 10/06/20 | For Sale | $69,000 | +19.0% | -- |
| 09/16/2020 09/16/20 | Off Market | $58,000 | -- | -- |
| 10/08/2019 10/08/19 | Price Changed | $69,000 | -5.3% | -- |
| 09/17/2019 09/17/19 | For Sale | $72,900 | +25.7% | -- |
| 08/31/2019 08/31/19 | Off Market | $58,000 | -- | -- |
| 02/25/2019 02/25/19 | For Sale | $72,900 | -- | -- |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $5,446 | $843,172 | $76,700 | $766,472 |
| 2024 | $1,786 | $843,172 | $76,700 | $766,472 |
| 2023 | $491 | $76,700 | $76,700 | $0 |
| 2022 | $452 | $58,350 | $58,350 | $0 |
| 2021 | $452 | $58,350 | $58,350 | $0 |
| 2020 | $495 | $63,850 | $63,850 | $0 |
| 2019 | $495 | $63,850 | $63,850 | $0 |
| 2018 | $535 | $69,020 | $69,020 | $0 |
| 2017 | $535 | $69,020 | $69,020 | $0 |
| 2016 | $525 | $69,020 | $69,020 | $0 |
| 2015 | $525 | $69,020 | $69,020 | $0 |
| 2014 | $525 | $69,020 | $69,020 | $0 |
| 2013 | $525 | $69,020 | $69,020 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Dianne Reihl
-
Laura Faria
Buyer's Agent in 2020
Laura Faria
Keller Williams Unified
(954) 805-4299
36 in this area
88 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: CAR3478109
APN: 56667
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