NOT LISTED FOR SALE

524 E Settings Blvd NW Unit 257 Valdese, NC 28690

Estimated Value: $158,264 - $178,000

0.56 Acre
$300,236 Price per Acre
24,394 Sq Ft Lot

Last Sold February 15, 2022

Last sale price $67,500

Est. 135% increase in value since last sale

Current estimated payment $1,005/month

362 Days on Market

About This Lot

As of February 2022

Bring all offers! Lot 257 is a water front dockable lot in Lake Rhodhiss Estates. This lot is dockable upon approval from Duke Energy. The lot is a nice, almost square shaped lot, which gives you more lake and road frontage. Not to mention some pretty awesome views of the lake channel. This lot will also have access to city water and sewer.

Lake Rhodhiss Estates is a beautiful gated community that features great amenities such as; a community Overlook Pavilion with a rooftop deck and seating with breath taking views of the mountains and lake. Below from the rooftop deck, you will find a nice area to host a gathering which features a restroom, grill, and other amenities. A community garden with a beautiful gazebo would be a perfect place to take a stroll with family or pets, as well as start your own garden! (Amenities Pictured)

Last Agent to Sell the Property

Brooke Elder

True North Realty License #321246 Listed on: 12/04/2020

Last Buyer's Agent

Chris Spencer

Realty Executives of Hickory License #199197

Realty Executives of Hickory

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,163

Lot Details

  • Property is zoned R-12-A

HOA Fees

  • $42 per month

Community Details

  • Mandatory Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$1,163

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Directions: I 40 W to exit 112, Rt onto Eldred St SE. Slight Rt onto Laurel St NE to John Berry Rd, go 2.2 miles to TS entrance. Settings Pkwy NW, Right on E Settings Blvd.
  • Habitable Residence: No
  • Road Frontage Type: Paved Road
  • Structure Type: Lot
  • Subdivision Name: Lake Rhodhiss Estates
  • Water Body Name: Lake Rhodhiss
  • Ratio Current Price By Acre: 120535.71
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Modular Not Allowed,Square Feet,Other - See Media/Remarks
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fixture Exception Yn: 0

Exterior Features

  • Lot Features: Flood Fringe Area, Lake On Property, Lake Access, Mountain View, Paved, Sloped, Wooded, Views, Water View, Waterfront
  • Waterfront Features: Boat Slip – Community
  • Tax Location: Valdese

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Association Name: Cedar Management Co
  • Phone: 7046448808
  • Community Features: Gated, Lake, Lake Access, Picnic Area, Rooftop Terrace, Walking Trails, Other
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Drexel/Burton
  • High School: Jimmy C Draughn
  • Middle Or Junior School: Heritage
  • HOA Subject To: Required
  • HOA Email: transitions@mycmg.com

Lot Info

  • Zoning Description: R-12A
  • Out Buildings Yn: 0
  • Plat Book Slide: 36/42

Tax Info

  • RATIO List Price By Tax Amount: 1.77222

Multi Family

  • Unit Count: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2025
Sold by
Lee Keith Richard
Bought by
Hede Neil Matthew and Hede Patricia Lynn
Current Estimated Value
$158,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Outstanding Balance
$115,500
Interest Rate
5.82%
Mortgage Type
New Conventional
Estimated Equity
$39,082

Purchase Details

Closed on
Jun 15, 2022
Sold by
Spencer and Emily
Bought by
Keith Richard Lee

Purchase Details

Listed on
Dec 4, 2020
Closed on
Feb 10, 2022
Sold by
Stavros Living Trust
Bought by
Spencer Christopher and Spencer Emily
Seller's Agent
Brooke Elder
True North Realty
Buyer's Agent
Chris Spencer
Realty Executives of Hickory
List Price
$149,900
Sold Price
$67,500
Premium/Discount to List
-$82,400
-54.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.88%

Purchase Details

Closed on
Dec 15, 2015
Sold by
Stavros David J and Stavros Darlene M
Bought by
Stavros David J and Stavros Darlene M

Purchase Details

Closed on
Dec 19, 2014
Sold by
Dunlap Donna Y
Bought by
Communityone Bank Na
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
Hede Neil Matthew $155,000 Investors Title
Keith Richard Lee $130,000 Williams Fi Rm Pllc
Spencer Christopher $67,500 Williams Law Firm Pllc
Stavros David J -- Attorney
Communityone Bank Na $277,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hede Neil Matthew $115,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2022 02/15/22 Sold $67,500 -32.4% --
12/01/2021 12/01/21 Pending -- -- --
07/29/2021 07/29/21 Price Changed $99,900 -13.1% --
06/23/2021 06/23/21 Price Changed $114,900 -2.5% --
05/13/2021 05/13/21 Price Changed $117,900 -9.2% --
04/15/2021 04/15/21 Price Changed $129,900 -7.1% --
03/03/2021 03/03/21 Price Changed $139,900 -3.5% --
01/13/2021 01/13/21 Price Changed $144,900 -3.3% --
12/04/2020 12/04/20 For Sale $149,900 +471.0% --
05/08/2015 05/08/15 Sold $26,250 -34.2% --
04/23/2015 04/23/15 Pending -- -- --
02/17/2015 02/17/15 For Sale $39,900 -- --
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 $1,163 $119,260 $119,260 $0
2023 $1,282 $119,260 $119,260 $0
2022 $392 $56,370 $56,370 $0
2021 $392 $56,370 $56,370 $0
2020 $384 $56,370 $56,370 $0
2019 $392 $56,370 $56,370 $0
2018 $435 $62,560 $62,560 $0
2017 $435 $62,560 $62,560 $0
2016 $425 $62,560 $62,560 $0
2015 $425 $62,560 $62,560 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3688693

Canopy MLS (Canopy Realtor® Association)

APN: 32349