NOT LISTED FOR SALE

587 Rainbow Cir Lake Lure, NC 28746

Estimated Value: $551,000 - $709,000

3 Beds
4 Baths
2,540 Sq Ft
$252/Sq Ft Est. Value

Last Sold April 05, 2019

Last sale price $400,000 $157 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $3,657/month

151 Days on Market

Highlights

  • Gated Community
  • Open Floorplan
  • Private Lot
  • Waterfront
  • Community Lake
  • Wooded Lot

About This Home

As of April 2019

Wonderfully updated/remodeled ranch with full basement on Little Mirror Lake in Riverbend. Main level living and lots of outdoor living space, including two covered decks overlooking the lake and an enlarged dock with swing and large built-in storage box for water toys! Upper deck is screened with access from both living room and master bedroom. The upstairs guest bath will make your guests drool. Kitchen has new granite counters with a breakfast bar, lots of prep space and new undermount stainless sink, stainless dishwasher and stainless French door refrigerator with water and ice dispenser. The lower level features a rec room/den, dinette area (or home office/craft room) and a second guest suite. Home is situated on a private lot conducive to peace, quiet and relaxation! Perfect as a permanent residence, second home or vacation rental. Don't miss this one! Access Riverbend amenities - two lakes, beach, swimming hole on the Broad River, walking trail, and waterfall!

Last Agent to Sell the Property

Julie McKinney

Lifestyle Properties License #196705 Listed on: 10/06/2018

Last Buyer's Agent

Richard Pressley

Keller Williams Professionals License #230506

Keller Williams Professionals

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2009

Lot Details

  • Waterfront
  • Private Lot
  • Wooded Lot

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • Attached Garage
  • Gravel Driveway

Home Design

  • Transitional Architecture
  • Traditional Architecture

Interior Spaces

  • Open Floorplan
  • Fireplace
  • Breakfast Bar

Flooring

  • Engineered Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • 4 Full Bathrooms

Utilities

  • Well

Listing and Financial Details

  • Assessor Parcel Number 1611742

Community Details

Overview

  • Martin Birenbaum Association, Phone Number (828) 625-1289
  • Built by Isabell
  • Community Lake

Recreation

  • Trails

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2009

Lot Details

0

HOA Fees

$42 per month

Parking

1

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Traditional, Transitional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.92060
  • Ratio Close Price By Original Li: 0.89989
  • Ratio Current Price By Acre: 677966.10
  • Ratio Current Price By Sq Ft: 157.48
  • Year Built: 2009
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Partially Finished
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 3
  • Equipment: Cable Prewire, Ceiling Fan(s), Dishwasher, Electric Dryer Hookup, g-Energy Star® Refrigerator, Ice Maker Connection, Propane, Security System
  • Fireplace Description: Gas Vented, Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Prefinished Wood, Vinyl
  • H O A Management Phone: 828-625-1289
  • Interior Amenities: Breakfast Bar, Open Floorplan, Walk-In Closet(s)
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Sq Ft Basement: 900
  • Main Level Sq Ft: 1640
  • Total Sq Ft: 2540

Exterior Features

  • Construction: Fiber Cement
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Attached Garage, Garage - 1 Car, Parking Space - 3

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Tank
  • Water: Well
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Gated Community, Lake, Walking Trails
  • Association Fee: 500.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Martin Birenbaum
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Features: Lake, Private, Waterfront, Wooded
  • Parcel Number: 1611742
  • Plat Book Slide: 26
  • Plat Reference Section Pages: 171

Building Info

  • Builder Name: Isabell

Tax Info

  • Tax Value: 315800.00
  • Tax Location: Rutherford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2018
Closed on
Apr 5, 2019
Sold by
Dowdy Ronald S and Dowdy Beverly L
Bought by
Perets Albert and Perets Pamela
Seller's Agent
Julie McKinney
Lifestyle Properties
Buyer's Agent
Richard Pressley
Keller Williams Professionals
List Price
$444,500
Sold Price
$400,000
Premium/Discount to List
-$44,500
-10.01%
Current Estimated Value
$638,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,942
Avg. Annual Appreciation
7.30%

Purchase Details

Listed on
Feb 7, 2017
Closed on
Apr 7, 2017
Sold by
Madej Mark David
Bought by
Dowdy Ronald S and Dowdy Beverly L
Seller's Agent
David Caulder
Caulder Realty & Land Co.
Buyer's Agent
Julie McKinney
Lifestyle Properties
List Price
$384,500
Sold Price
$382,000
Premium/Discount to List
-$2,500
-0.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.34%
Original Mortgage
$282,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 24, 2015
Closed on
Jun 15, 2016
Sold by
Groot William and Groot Georgann
Bought by
Madej Mark David
Seller's Agent
Joelle van den Berg
Lifestyle Properties
Buyer's Agent
David Caulder
Caulder Realty & Land Co.
List Price
$372,500
Sold Price
$356,500
Premium/Discount to List
-$16,000
-4.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.90%
Original Mortgage
$365,682
Interest Rate
3.61%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Perets Albert $400,000 None Available
Dowdy Ronald S $382,000 None Available
Madej Mark David $356,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dowdy Ronald S $282,000
Previous Owner Madej Mark David $365,682
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/05/2019 04/05/19 Sold $400,000 -7.9% $157 / Sq Ft
03/06/2019 03/06/19 Pending -- -- --
01/07/2019 01/07/19 Price Changed $434,500 -2.2% $171 / Sq Ft
10/06/2018 10/06/18 For Sale $444,500 +16.4% $175 / Sq Ft
04/07/2017 04/07/17 Sold $382,000 -0.7% $150 / Sq Ft View Prior Sale
03/02/2017 03/02/17 Pending -- -- --
02/07/2017 02/07/17 For Sale $384,500 +7.9% $151 / Sq Ft
06/15/2016 06/15/16 Sold $356,500 -4.3% $140 / Sq Ft View Prior Sale
04/21/2016 04/21/16 Pending -- -- --
11/24/2015 11/24/15 For Sale $372,500 -- $147 / 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 $2,874 $489,700 $100,000 $389,700
2024 $2,591 $489,700 $100,000 $389,700
2023 $2,130 $489,700 $100,000 $389,700
2022 $2,130 $315,800 $65,000 $250,800
2021 $2,114 $315,800 $65,000 $250,800
2020 $2,114 $315,800 $65,000 $250,800
2019 $2,106 $315,800 $65,000 $250,800
2018 $1,879 $277,500 $65,000 $212,500
2016 $1,834 $275,000 $65,000 $210,000
2013 -- $275,000 $65,000 $210,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3441339

Canopy MLS (Canopy Realtor® Association)

APN: 1611742