NOT LISTED FOR SALE

748 Lake Forest Dr New London, NC 28127

Estimated Value: $1,002,000 - $1,223,000

5 Beds
4.5 Baths
2,519 Sq Ft
$425/Sq Ft Est. Value

Last Sold June 27, 2022

Last sale price $1,200,000 $476 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $5,932/month

45 Days on Market

Highlights

  • Boathouse
  • Assigned Boat Slip
  • Boat Lift
  • Covered Dock
  • Pier
  • Community Lake

About This Home

As of June 2022

The perfect lake house: point lot on Badin Lake. With 5 BR & 4.5 BA, this home has it all. Excellent location-unrivaled long range views of open water & the main channel. New stationary pier (#217) w/covered sitting area & 2 covered boat slips & lifts. Great water depth & swimming area-91 ft of waterfrontage. Wide, level lot. No HOA dues. The main level features a split BR plan w/great room (fireplace), dining & kitchen. French doors open to lakefront screened porch w/fans. 2 master suites & laundry on main. All 3 main level BR's have a private full bath. The lower level offers a living room (French doors), FP, 2 BR's & full bathroom-has outside access to the covered patio. All 5 bedrooms have unobstructed lake views. Low maintenance. Attached 2-car garage & plenty of parking. Adjacent lot for sale: $325k (ask listing office for details). Convenient to the lake’s marinas that provide dining, gas & watercraft rentals. Uwharrie National Forest nearby. Within 1 hour of Charlotte or Triad.

Last Agent to Sell the Property

Eric Rice

Becki Rice Realty License #268647 Listed on: 05/13/2022

Last Buyer's Agent

Debbie Coley

Debbie C Realty LLC License #271541

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,624

Year Built

  • Built in 2001

Lot Details

  • Paved or Partially Paved Lot
  • Level Lot
  • Open Lot
  • Cleared Lot

Home Design

  • Stucco

Interior Spaces

  • Tray Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Screened Porch
  • Pull Down Stairs to Attic
  • Home Security System

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Attached Garage
  • Garage Door Opener
  • Driveway
  • 1 to 5 Parking Spaces

Outdoor Features

  • Pier
  • Waterfront has a Concrete Retaining Wall
  • Boat Lift
  • Assigned Boat Slip
  • Boathouse
  • Covered Dock
  • Deck
  • Patio
  • Shed
  • Outbuilding

Utilities

  • Central Heating
  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 6663-16-94-8692

Community Details

Overview

  • Lake Forest Subdivision
  • Community Lake

Recreation

  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,624

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2001
  • Ratio Current Price By Acre: 4137931.03
  • Road Surface Type: Concrete, Gravel
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance
  • Fireplace: Yes
  • Interior Amenities: Attic Stairs Pulldown, Cable Available, Split Bedroom, Tray Ceiling
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1550
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Back,Covered,Deck,Front,Patio,Screened
  • Appliances: Cable Prewire, Ceiling Fan(s), Dishwasher, Disposal, Dryer, Gas Oven, Gas Range, Plumbed For Ice Maker, Microwave, Propane Cooktop, Refrigerator, Security System, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 969
  • Fireplace Features: Gas Log, Great Room, Living Room
  • Living Area: 2519
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Outbuilding(s), Satellite Internet Available, Shed(s), Wired Internet Available
  • New Construction: No
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Water Body Name: Badin Lake
  • Waterfront Features: Boat House, Boat Lift, Boat Ramp – Community, Boat Slip (Lease/License), Covered structure, Pier, Retaining Wall, Dock
  • Construction Type: Stucco

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 420
  • Parking Features: Attached Garage, Driveway, Garage - 2 Car, Garage Door Opener, Parking Space - 4+

Utilities

  • Heating: Central, Heat Pump
  • Sewer: County Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: County Water

Condo/Co-op/Association

  • Community Features: Lake, Recreation Area

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Lake On Property, Lake Access, Level, Long Range View, Open Lot, Paved, Views, Water View, Waterfront, Year Round View
  • Lot Size Area: 0.29
  • Lot Size Units: Acres
  • Parcel Number: 6663-16-94-8692
  • Lot Size: 91 ft. Waterfront x 205x42x176
  • Zoning Description: R

Tax Info

  • RATIO List Price By Tax Amount: 2.22999

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2022
Closed on
Jun 27, 2022
Sold by
Rummage Ricky J and Rummage Janis B
Bought by
Welch Tommy Bradley and Welch Christy Marie
Seller's Agent
Eric Rice
Becki Rice Realty
Buyer's Agent
Debbie Coley
Debbie C Realty LLC
List Price
$1,200,000
Sold Price
$1,200,000
Current Estimated Value
$1,070,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$129,787
Avg. Annual Appreciation
-3.37%

Purchase Details

Closed on
Dec 1, 2000
Bought by
Reaves Evelyn B
Source: Public Records

Range of Values:

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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
Welch Tommy Bradley $1,000,000 Thigpen And Jenkins Llp
Reaves Evelyn B -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2022 06/27/22 Sold $1,200,000 0.0% $476 / Sq Ft
05/13/2022 05/13/22 For Sale $1,200,000 -- $476 / 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 $3,624 $528,984 $218,181 $310,803
2024 $3,624 $528,984 $218,181 $310,803
2023 $3,624 $528,984 $218,181 $310,803
2022 $3,624 $528,984 $218,181 $310,803
2021 $3,605 $538,120 $218,181 $319,939
2020 $3,605 $538,120 $218,181 $319,939
2018 $3,567 $528,422 $202,020 $326,402
2017 $3,567 $528,422 $202,020 $326,402
2016 $3,332 $493,633 $202,020 $291,613
2015 $3,101 $492,300 $0 $0
2014 $3,101 $492,308 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3859563

Canopy MLS (Canopy Realtor® Association)

APN: 6663-16-94-8692