NOT LISTED FOR SALE

81 Spruce Pine Ln Mill Spring, NC 28756

Estimated Value: $1,107,000

4 Beds
3.5 Baths
2,596 Sq Ft
$426/Sq Ft Est. Value

Last Sold June 03, 2020

Last sale price $582,700 $224 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $6,096/month

40 Days on Market

Highlights

  • Spa
  • Open Floorplan
  • Outdoor Fireplace
  • Waterfront
  • Wooded Lot
  • Cathedral Ceiling

About This Home

As of June 2020

LAKEFRONT DREAM HOME ON LAKE ADGER.....just minutes from Lake Lure NC. This immaculate 4 bedroom, log home is situated on the privacy of 1.2 acres in a quiet cove on beautiful, serene Lake Adger. If you're looking to enjoy the outdoors....look no further because this home has it all, from a world class patio with stone fireplace, firepit, large decks with hot tub, covered front porch and dockside pier that even includes the kayaks! Yes it does have a large stone fireplace, 19' ceilings and huge game room with theater. Whether you're looking for a permanent move, 2nd home or a vacation rental property, this is it! A Must See at $549,000 and it comes furnished!

Last Agent to Sell the Property

David Caulder

Caulder Realty & Land Co. License #75204 Listed on: 03/04/2020

Last Buyer's Agent

David Caulder

Caulder Realty & Land Co. License #75204 Listed on: 03/04/2020

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2001

Lot Details

  • Waterfront
  • Wooded Lot

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 1

Home Design

  • Log Siding

Interior Spaces

  • Open Floorplan
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Breakfast Bar

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet

Outdoor Features

  • Spa
  • Outdoor Fireplace
  • Fire Pit

Utilities

  • Heating System Uses Propane
  • Gas Water Heater
  • Septic Tank

Community Details

  • Ipm Association, Phone Number (828) 650-6875

Listing and Financial Details

  • Assessor Parcel Number P55-275

Home Details

Home Type

Single Family

Year Built

Built in 2001

Lot Details

0

HOA Fees

$83 per month

Parking

1

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.06138
  • Ratio Close Price By Original Li: 1.06138
  • Ratio Current Price By Acre: 485583.33
  • Ratio Current Price By Sq Ft: 224.46
  • Year Built: 2001
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Partially Finished
  • Upper Level Sq Ft: 714
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Equipment: Dryer, Dishwasher, Gas Range, Microwave, Refrigerator, Washer, Gas Oven
  • Fireplace Description: Gas Logs, Living Room
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • H O A Management Phone: 828-650-6875
  • Interior Amenities: Breakfast Bar, Built-Ins, Cathedral Ceiling(s), Hot Tub, Open Floorplan, Split BR Plan, Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 3
  • Sq Ft Basement: 686
  • Main Level Sq Ft: 1196
  • Total Sq Ft: 2596
  • Sq Ft Unheated Basement: 508
  • Sq Ft Unheated Total: 508

Exterior Features

  • Construction: Log
  • Construction Type: Site Built
  • Exterior Features: Fire pit, Outdoor Fireplace

Garage/Parking

  • Driveway: Concrete
  • Parking: Basement, Driveway, Garage - 1 Car, Parking Space - 3

Utilities

  • Heating: Gas Water Heater, Heat Pump - AC, Heat Pump - Heat, Propane
  • Sewer: Septic Installed
  • Water: Shared Well
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee: 1000.00
  • Association Fee Frequency: Annually
  • HOA Management Company: IPM
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Features: Lake Access, Paved Frontage, Lake, Waterfront, Wooded
  • Parcel Number: P55-275
  • Zoning Specification: R-1

Tax Info

  • Tax Value: 379944.00
  • Tax Location: Polk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2020
Closed on
May 29, 2020
Sold by
Hooper Scott G and Hooper Karolyn Izeyl
Bought by
Glenn Walter Lewis and Newkirk Krista Lynn
Seller's Agent
David Caulder
Caulder Realty & Land Co.
Buyer's Agent
David Caulder
Caulder Realty & Land Co.
List Price
$549,000
Sold Price
$582,700
Premium/Discount to List
$33,700
6.14%
Current Estimated Value
$1,107,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$524,300
Avg. Annual Appreciation
6.97%
Original Mortgage
$507,700
Outstanding Balance
$403,144
Interest Rate
3.3%
Mortgage Type
VA
Estimated Equity
$448,856

Purchase Details

Closed on
Apr 30, 2010
Sold by
Banner Carla P and Banner Wayne Banner
Bought by
Hooper Scott G and Hooper Karolyn Izeyl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,018
Interest Rate
4.94%
Mortgage Type
VA

Purchase Details

Closed on
Sep 16, 1999
Bought by
Hooper Scott G

Purchase Details

Closed on
Dec 31, 1997
Bought by
Hooper Scott G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Glenn Walter Lewis $583,000 None Available
Hooper Scott G $475,000 None Available
Hooper Scott G $50,000 --
Hooper Scott G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glenn Walter Lewis $507,700
Previous Owner Hooper Scott G $458,018
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2020 06/03/20 Sold $582,700 +6.1% $224 / Sq Ft
04/13/2020 04/13/20 Pending -- -- --
03/04/2020 03/04/20 For Sale $549,000 -- $211 / 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 $3,380 $662,225 $150,000 $512,225
2024 $2,693 $421,048 $90,000 $331,048
2023 $2,693 $421,048 $90,000 $331,048
2022 $2,518 $421,048 $90,000 $331,048
2021 $2,518 $421,048 $90,000 $331,048
2020 $2,431 $379,944 $100,000 $279,944
2019 $2,431 $379,944 $100,000 $279,944
2018 $2,355 $379,944 $100,000 $279,944
2017 $2,298 $461,472 $195,000 $266,472
2016 $2,782 $461,472 $195,000 $266,472
2015 $2,669 $0 $0 $0
2014 $2,669 $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: CAR3598890

Canopy MLS (Canopy Realtor® Association)

APN: P55-275