NOT LISTED FOR SALE

770 Lake Adger Pkwy Mill Spring, NC 28756

Estimated Value: $602,000 - $714,261

3 Beds
3 Baths
1,688 Sq Ft
$396/Sq Ft Est. Value

Last Sold February 09, 2022

Last sale price $635,540 $377 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,877/month

3 Days on Market

Highlights

  • Boat Slip
  • Open Floorplan
  • Deck
  • Waterfront
  • Mountain View
  • Private Lot

About This Home

As of February 2022

Welcome to lakefront living! This log cabin is well suited for year round living or as an income producing investment. Has current VRBO rental history. Enjoy the year round scenery from the large covered porch, relax on the private dock and do a little fishing, or spend the day on the water. Sip your morning coffee from the privacy of the screened in porch just off the primary bedroom or from the additional screened in porch on the main level. Take in the scenery from every angle of this mountain cabin! Well maintained cabin offers a cozy wood burning stove in the light filled great-room. The walk-out basement leads to swings and open views of Lake Adger. Plenty of area attractions include Chimney Rock State Park, wineries, shopping, dining, hiking, wildlife, and nearby Lake Lure. MULTIPLE OFFERS RECEIVED. Please complete showings and submit all offers by 6:00PM on 1/8/22.

Last Agent to Sell the Property

Karie Salser

Realty ONE Group Pivot Hendersonville Brokerage Email: karie.salser@remax.net License #317838 Listed on: 01/06/2022

Realty ONE Group Pivot Hendersonville

Last Buyer's Agent

Whitney Parsons

Ivester Jackson Distinctive Properties License #267473

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,791

Year Built

  • Built in 1999

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 230x245x222x180
  • Waterfront
  • Private Lot
  • Paved or Partially Paved Lot
  • Sloped Lot
  • Wooded Lot
  • Property is zoned OPEN

HOA Fees

  • $83 Monthly HOA Fees

Home Design

  • Cabin
  • Composition Roof
  • Wood Siding
  • Log Siding
  • Stucco

Interior Spaces

  • 1.5-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace
  • Window Treatments
  • Screened Porch
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Self-Cleaning Oven
  • Electric Cooktop
  • Range Hood
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • Garage
  • Basement Garage
  • Driveway

Outdoor Features

  • Boat Slip
  • Deck

Horse Facilities and Amenities

  • Riding Trail

Utilities

  • Heat Pump System
  • Community Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • Ipm/Lake Adger Poa, Phone Number (828) 650-6875
  • Lake Adger Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number P55-286

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,791

Year Built

Built in 1999

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cabin
  • Year Built: 1999
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Short Term Rental Allowed,Square Feet
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One and One Half
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 376.50
  • Attribution Contact: karie.salser@remax.net
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Flooring: Carpet, Vinyl, Wood
  • Interior Amenities: Breakfast Bar, Cathedral Ceiling(s), Open Floorplan, Walk-In Closet(s), Other - See Remarks
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 736
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 166
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 166
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 382
  • Appliances: Dishwasher, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Exhaust Hood, Oven, Refrigerator, Self Cleaning Oven, Washer
  • Above Grade Finished Sq Ft: 1118
  • Has Basement: Basement, Exterior Entry, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 570
  • Fireplace Features: Wood Burning Stove
  • Living Area: 1688
  • Window Features: Window Treatments
  • Bedroom Main: 1
  • Room Count: 14
  • Bedroom Basement: 1

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • View: Long Range, Mountain(s)
  • Water Body Name: Lake Adger
  • Waterfront Features: Boat Slip (Deed), Dock, Lake
  • Exclusions: Ring Doorbell System
  • Waterfront Elevation: 1000
  • Construction Type: Hard Stucco, Log, Wood
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch, Screened, Side Porch, Other - See Remarks

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Parking Features: Driveway

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: In Basement
  • Cooling: Ceiling Fan(s), Heat Pump
  • Utilities: Underground Power Lines
  • Water Source: Community Well

Condo/Co-op/Association

  • Association Fee: 1000
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: IPM/Lake Adger POA
  • Phone: 828-650-6875
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually
  • Association Email: info@ipmhoa.com

Association/Amenities

  • Association Annual Expense: 1000.00

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Features: Paved, Private, Sloped, Wooded, Views, Waterfront, Lake On Property
  • Lot Size Area: 1
  • Lot Size Units: Acres
  • Parcel Number: P55-286
  • Plat Book Slide: D/365
  • Development Status: Completed
  • Horse Amenities: Riding Trail
  • Lot Size Acres: 1
  • Lot Size: 230x245x222x180
  • Lot Size Sq Ft: 43560
  • ResoLotSizeUnits: Acres
  • Zoning Specification: OPEN

Green Features

  • Green Verification Count: 1

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2022
Closed on
Feb 9, 2022
Sold by
Schepler William A and Schepler Denise L
Bought by
Stokes Treze and Burke Louise St Claire
Seller's Agent
Karie Salser
Realty ONE Group Pivot Hendersonville
Buyer's Agent
Whitney Parsons
Ivester Jackson Distinctive Properties
List Price
$589,000
Sold Price
$635,540
Premium/Discount to List
$46,540
7.9%
Current Estimated Value
$669,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,525
Avg. Annual Appreciation
2.43%
Original Mortgage
$571,986
Outstanding Balance
$536,154
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$155,671

Purchase Details

Closed on
Mar 6, 2020
Sold by
Shamaker James M and Shamaker Deanna K
Bought by
Schepler William A

Purchase Details

Closed on
Oct 13, 2010
Sold by
Murdoch Thomas E and Murdoch Joanne S
Bought by
Shumaker James M and Shumaker Deanna K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 9, 2004
Bought by
Shumaker James M

Purchase Details

Closed on
Oct 22, 1998
Bought by
Shumaker James M

Purchase Details

Closed on
Dec 31, 1997
Bought by
Shumaker James M
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
Stokes Treze $636,000 Norwood Armstrong & Stokes Pll
Schepler William A $295,000 None Available
Shumaker James M $380,000 None Available
Shumaker James M $265,000 --
Shumaker James M $39,000 --
Shumaker James M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stokes Treze $571,986
Previous Owner Shumaker James M $304,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2022 02/09/22 Sold $635,540 +7.9% $377 / Sq Ft
01/09/2022 01/09/22 Pending -- -- --
01/06/2022 01/06/22 For Sale $589,000 -- $349 / 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
2024 $1,791 $279,898 $90,000 $189,898
2023 $1,826 $279,898 $90,000 $189,898
2022 $1,668 $279,898 $90,000 $189,898
2021 $1,686 $279,898 $90,000 $189,898
2020 $1,634 $253,600 $100,000 $153,600
2019 $1,634 $253,600 $100,000 $153,600
2018 $1,584 $253,600 $100,000 $153,600
2017 $1,546 $336,516 $195,000 $141,516
2016 $2,058 $336,516 $195,000 $141,516
2015 $1,955 $0 $0 $0
2014 $1,955 $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3817664

Canopy MLS (Canopy Realtor® Association)

APN: P55-286