NOT LISTED FOR SALE

7 Setting Sun Trail Unit 111 Nebo, NC 28761

Lake James Neighborhood

Estimated Value: $1,010,000 - $1,760,000

1.38 Acres
$954,306 Price per Acre
60,113 Sq Ft Lot

Last Sold March 25, 2022

Last sale price $230,000

Est. 473% increase in value since last sale

Current estimated payment $7,654/month

79 Days on Market

Highlights

  • Pier or Dock
  • Waterfront
  • Wooded Lot
  • Access To Lake
  • Community Lake
  • Community Pool

About This Lot

As of March 2022

Over 300 Feet of waterfrontage with beach. This is a unique lot in the peaceful community of the Peninsula at Lake James . Build near top of lot to capture the view while you enjoy the abundance of waterfrontage to play. Included is community pool and day dock , this gated community is close to Marion for shopping and dinning.

Last Agent to Sell the Property

Lisa Griffin

Berkshire Hathaway HomeServices Blue Ridge REALTORS® License #170866 Listed on: 11/04/2021

Berkshire Hathaway HomeServices Blue Ridge REALTORS®

Last Buyer's Agent

Ashley Carmichael

RE/MAX Legendary License #323139

RE/MAX Legendary

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,921

Lot Details

  • Waterfront
  • Steep Slope
  • Wooded Lot
  • Possible uses of the property include Residential
  • Zoning described as Mcdowell

HOA Fees

  • $54 Monthly HOA Fees

Schools

  • Nebo Elementary School
  • Mcdowell High School

Utilities

  • Underground Utilities
  • Well Required
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 172300992316

Community Details

Overview

  • Empire South Association, Phone Number (855) 209-5166
  • The Peninsula At Lake James Subdivision
  • Mandatory home owners association
  • Community Lake

Recreation

  • Pier or Dock
  • Community Pool
  • Access To Lake

Property Details

Property Type

Land

Est. Annual Taxes

$3,921

Lot Details

0

HOA Fees

$54 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Habitable Residence Yn: No
  • Ratio Current Price By Acre: 166666.67
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Modular Not Allowed,Short Term Rental Allowed
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Frontage Type: Paved Road, Private Maintained Road
  • Structure Type: Lot
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • Fixture Exception Yn: 0
  • Possible Use: Residential

Exterior Features

  • Tax Location: No City Taxes Paid
  • Water Body Name: Lake James
  • Waterfront Features: Beach - Private, Pier - Community

Utilities

  • Sewer: Septic Needed
  • Utilities: Electricity Available, Underground Utilities
  • Water Source: Well Needed

Condo/Co-op/Association

  • Community Features: Lake, Lake Access, Outdoor Pool
  • Association Fee: 650
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Empire South
  • Phone: 855-209-5166
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required
  • HOA Email: Propertymanagement@empiresouth.com

Lot Info

  • Lot Features: Lake On Property, Lake Access, Long Range View, Sloped, Steep Slope, Wooded, Water View, Waterfront
  • Lot Size Area: 1.38
  • Lot Size Units: Acres
  • Parcel Number: 172300992316
  • Out Buildings Yn: 0
  • Can Be Subdivided: 0
  • Zoning Description: Mcdowell

Tax Info

  • RATIO List Price By Tax Amount: 1.26500

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Nebo
  • High School: McDowell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2018
Sold by
The Peninsula At Lake James Llc
Bought by
Mountain West Ira Inc and Mary Helen Tran Ira
Current Estimated Value
$1,316,942
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
Mountain West Ira Inc $212,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2022 03/25/22 Sold $230,000 -9.1% --
01/22/2022 01/22/22 Pending -- -- --
11/04/2021 11/04/21 For Sale $253,000 -- --
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 $3,921 $561,730 $250,000 $311,730
2023 $1,745 $250,000 $250,000 $0
2022 $1,416 $200,000 $200,000 $0
2021 $1,376 $200,000 $200,000 $0
2020 $1,396 $200,000 $0 $0
2019 $1,396 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3803155

Canopy MLS (Canopy Realtor® Association)

APN: 1723-00-99-2316