NOT LISTED FOR SALE

681 Waters Edge Dr Unit 36 & 36Z Nebo, NC 28761

Lake James Neighborhood

Estimated Value: $1,778,000 - $3,187,000

3 Beds
4.5 Baths
6,265 Sq Ft
$353/Sq Ft Est. Value

Last Sold May 20, 2021

Last sale price $1,500,000 $239 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $12,476/month

2 Days on Market

Highlights

  • RV or Boat Storage in Community
  • Open Floorplan
  • Private Lot
  • Waterfront
  • Community Lake
  • Arts and Crafts Architecture

About This Home

As of May 2021

Designed and built with care, as a second home by the owner, a North Carolina licensed general contractor and real estate broker. From the engineered foundation with 12-inch thick poured concrete walls to the 2 x 6 -inch framing which is insulated with sprayed foam, to the high ceilings and top-of-the-line finishes inside and out, this is a spectacular home on a spectacular waterfront lot on Lake James. From nearly every location, the home has beautiful views of Lake James, the Big Island, and the Northern McDowell Mountains. It is in a protected cove just a few minutes by boat to the main channel. The gated community and its RV storage area both have high-end security cameras, and the home has a monitored alarm.

Last Agent to Sell the Property

Richard Whitney

Whitney Commercial Real Estate License #145226 Listed on: 04/14/2021

Last Buyer's Agent

Megan Shook

Mosaic Community Lifestyle Realty License #255216

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • Waterfront
  • Private Lot
  • Many Trees

HOA Fees

  • $46 Monthly HOA Fees

Home Design

  • Arts and Crafts Architecture
  • Spray Foam Insulation

Interior Spaces

  • Open Floorplan
  • Wet Bar
  • Window Treatments

Kitchen

  • Breakfast Bar
  • Oven

Flooring

  • Wood
  • Concrete
  • Tile

Parking

  • Attached Garage
  • Workshop in Garage

Outdoor Features

  • Separate Outdoor Workshop

Utilities

  • Heating System Uses Propane
  • Septic Tank
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 1723-00-34-3546 & 1723-00-34-2550

Community Details

Overview

  • Built by Seller is GC
  • Community Lake

Recreation

  • RV or Boat Storage in Community
  • Recreation Facilities

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

HOA Fees

$46 per month

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Arts and Crafts
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.07527
  • Ratio Close Price By Original Li: 1.07527
  • Ratio Current Price By Acre: 1744186.05
  • Ratio Current Price By Sq Ft: 239.43
  • Year Built: 2006
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Partially Finished, Concrete
  • Upper Level Sq Ft: 1964
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Total Bedrooms: 3
  • Equipment: Cable Prewire, Ceiling Fan(s), CO Detector, Cooktop Gas, Dishwasher, Disposal, Electric Oven, Exhaust Fan, Exhaust Hood, Gas Dryer Hookup, Gas Range, Ice Maker Connection, Microwave, Oven, Propane, Refrigerator, Security System, Self Cleaning Oven, Trash Compactor
  • Flooring: Carpet, Concrete, Tile, Wood
  • Interior Amenities: Basement Shop, Breakfast Bar, Garage Shop, Open Floorplan, Vaulted Ceiling, Wet Bar, Window Treatments
  • Laundry Location: Lower
  • Room Count: 3
  • Sq Ft Basement: 2289
  • Main Level Sq Ft: 2012
  • Total Sq Ft: 6265
  • Sq Ft Unheated Basement: 624
  • Sq Ft Unheated Total: 1248
  • Sq Ft Unheated Upper: 624

Exterior Features

  • Construction: Cedar Shake, Hardboard Siding, Stone Veneer, Wood
  • Construction Type: Site Built
  • Exterior Features: Underground Power Lines, Wired Internet Available, Workshop

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Driveway, Garage Door Opener, Keypad Entry, Parking Space - 4+

Utilities

  • Green Building Features: g-Concrete Construction, g-Spray Foam Insulation
  • Heating: Central Air, Ductless/Mini-Split System, Gas Hot Air Furnace, Heat Pump - AC, Multizone A/C, MultiZone Heat, Propane
  • Sewer: Septic Installed
  • Water: Water Softener System, Well Installed
  • Water Heater: g-On-Demand Water Heater

Condo/Co-op/Association

  • Community Features: Lake, Recreation Area, RV/Boat Storage
  • Association Fee: 550.00
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Nebo
  • Middle School: East McDowell
  • High School: McDowell

Lot Info

  • Lot Dimension: 100 x 400
  • Lot Features: Lake, Long Range View, Mountain View, Paved Frontage, Private, Steep, Trees, Views, Waterfront, Year Round View
  • Lot Size Area: 0.860
  • Parcel Number: 1723-00-34-3546 & 1723-00-34-2550
  • Plat Book Slide: 19/36
  • Zoning Specification: RES

Building Info

  • Builder Name: Seller is GC

Tax Info

  • Tax Value: 1005770.00
  • Tax Location: McDowell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2021
Closed on
May 20, 2021
Sold by
Whitney Richard D and Whitney Cheryl M
Bought by
Catt Christina M and Catt Benjamin D
Seller's Agent
Richard Whitney
Whitney Commercial Real Estate
Buyer's Agent
Megan Shook
Mosaic Community Lifestyle Realty
List Price
$1,395,000
Sold Price
$1,500,000
Premium/Discount to List
$105,000
7.53%
Current Estimated Value
$2,211,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$711,601
Avg. Annual Appreciation
9.22%
Original Mortgage
$1,200,000
Outstanding Balance
$1,087,500
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,124,101

Purchase Details

Closed on
Apr 27, 2016
Sold by
Whitney Richard D and Whitney Cheryl M
Bought by
Whitney Richard D and Whitney Cheryl M

Purchase Details

Closed on
Aug 20, 2015
Sold by
Whitney Richard D and Whitney Cheryl M
Bought by
Jackson Don and Jackson Davie

Purchase Details

Closed on
Jun 1, 2002
Bought by
Whitney Richard D
Source: Public Records

Range of Values:

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Average Value
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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
Catt Christina M $1,500,000 None Available
Whitney Richard D -- None Available
Jackson Don -- None Available
Whitney Richard D $133,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Catt Christina M $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2021 05/20/21 Sold $1,500,000 +7.5% $239 / Sq Ft
04/16/2021 04/16/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $1,395,000 -- $223 / 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 $8,873 $1,328,220 $200,000 $1,128,220
2024 $8,873 $1,328,220 $200,000 $1,128,220
2023 $8,873 $1,328,220 $200,000 $1,128,220
2022 $6,819 $1,005,770 $200,000 $805,770
2021 $6,819 $1,005,770 $200,000 $805,770
2020 $6,920 $1,005,770 $0 $0
2019 $6,920 $758,450 $0 $0
2017 $4,934 $758,450 $0 $0
2016 $4,934 $745,450 $200,000 $545,450
2014 $4,853 $758,450 $200,000 $558,450
2013 -- $758,450 $200,000 $558,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3722391

Canopy MLS (Canopy Realtor® Association)

APN: 1723-00-34-3546