NOT LISTED FOR SALE

523 Laurel Ln Newland, NC 28657

Estimated Value: $795,000 - $1,077,000

3 Beds
3 Baths
3,550 Sq Ft
$264/Sq Ft Est. Value

Last Sold August 04, 2020

Last sale price $530,000 $149 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $5,173/month

Highlights

  • Transitional Architecture
  • Separate Outdoor Workshop
  • Attached Garage

About This Home

As of August 2020

At 4,000 foot elevation this magnificent home offers sweeping year-round views, cool summer breezes. Level entrance to the main level entrance hall and great room. This home features many great design elements and premium quality construction throughout. Currently configured with 3 bedrooms there are simple ways to reconfigure existing space to increase the number of bedrooms if desired. A large portion of the lower level has been converted into a professional level woodworking shop for a buyer with the skills to use it. Otherwise, this space can serve many other purposes as it is heated and fully insulated.

Last Agent to Sell the Property

Thomas Golder

Tom Golder Reatly License #287974 Listed on: 06/30/2020

Last Buyer's Agent

Thomas Golder

Tom Golder Reatly License #287974 Listed on: 06/30/2020

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • 0.5

HOA Fees

  • $81 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Transitional Architecture

Additional Features

  • 3 Full Bathrooms
  • Separate Outdoor Workshop
  • Septic Tank

Community Details

  • Adc Association, Phone Number (828) 733-5809

Listing and Financial Details

  • Assessor Parcel Number 1838-17-10-4297-00000

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

0

HOA Fees

$81 per month

Parking

3

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Transitional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.96539
  • Ratio Close Price By Original Li: 0.96539
  • Ratio Current Price By Acre: 1060000.00
  • Ratio Current Price By Sq Ft: 149.30
  • Year Built: 2003
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Fully Finished, Block
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Cooktop Electric, Disposal, Dryer
  • H O A Management Phone: 828 733 5809
  • Laundry Location: Main
  • Room Count: 2
  • Sq Ft Additional: 908
  • Lower Level Sq Ft: 1775
  • Main Level Sq Ft: 1775
  • Total Sq Ft: 3550

Exterior Features

  • Construction: Hardboard Siding, Rough Sawn
  • Construction Type: Site Built
  • Exterior Features: Workshop

Garage/Parking

  • Driveway: Asphalt
  • Parking: Attached Garage, Driveway, Garage - 3 Car, Golf Cart Garage, Parking Space - 4+, Side Load Garage

Utilities

  • Heating: Gas Hot Air Furnace
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 975.00
  • Association Fee Frequency: Annually
  • HOA Management Company: ADC
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Features: Golf Course View, Lake, Long Range View, Mountain View, Year Round View
  • Parcel Number: 1838-17-10-4297-00000
  • Zoning Specification: sfr

Tax Info

  • Tax Value: 379100.00
  • Tax Location: Avery

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2020
Closed on
Sep 25, 2020
Sold by
Smith A Lee and A Lee Smith Living Trust
Bought by
Dempster Thomas C and Dempster Ann Hawkinson
Seller's Agent
Thomas Golder
Tom Golder Reatly
Buyer's Agent
Thomas Golder
Tom Golder Reatly
List Price
$549,000
Sold Price
$530,000
Premium/Discount to List
-$19,000
-3.46%
Current Estimated Value
$936,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$406,000
Avg. Annual Appreciation
11.46%
Original Mortgage
$300,000
Outstanding Balance
$266,834
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$669,166
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
Dempster Thomas C $540,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dempster Thomas C $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2020 08/04/20 Sold $530,000 -3.5% $149 / Sq Ft
06/30/2020 06/30/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $549,000 -- $155 / 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
2024 $2,307 $576,800 $35,000 $541,800
2023 $2,307 $576,800 $35,000 $541,800
2022 $2,307 $576,800 $35,000 $541,800
2021 $2,085 $379,100 $35,000 $344,100
2020 $2,085 $379,100 $35,000 $344,100
2019 $2,085 $379,100 $35,000 $344,100
2018 $2,085 $379,100 $35,000 $344,100
2017 $1,884 $342,600 $0 $0
2016 $1,532 $342,600 $0 $0
2015 $1,532 $342,600 $40,000 $302,600
2012 -- $500,600 $50,000 $450,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3635022

Canopy MLS (Canopy Realtor® Association)

APN: 1838-17-10-4297-00000