NOT LISTED FOR SALE

843 Rainbow Cir Lake Lure, NC 28746

Estimated Value: $1,020,000 - $1,278,000

3 Beds
3.5 Baths
4,475 Sq Ft
$261/Sq Ft Est. Value

Last Sold October 04, 2022

Last sale price $1,100,000 $246 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,681/month

64 Days on Market

Highlights

  • Covered Dock
  • Community Lake
  • Deck
  • Gated Community
  • Fireplace in Primary Bedroom
  • Cathedral Ceiling

About This Home

As of October 2022

Lakefront Cabin dream home with private dock located in the gated community of Riverbend at Lake Lure. Offering over 4300 sq ft of entertainment/living area and over 3000 sq ft of deck space including a covered screened area with captivating lake views. The family room boasts 23' vaulted ceilings and an expansive wall of windows to enjoy the views from indoors in front of your remote controlled gas fireplace. The kitchen is appointed with double ovens, granite countertops, a wine cooler and an oversized island with bar seating. The huge master suite has a fireplace, high ceilings, jetted tub and glass shower enclosure on the main floor. The downstairs is completely built out with a bar, office, full bath and entertainment areas. Within close proximity to Lake Lure, Chimney Rock, restaurants, hiking and activities, this can even be used for short term rentals. Riverbend offers walking trails, swimming, recreational areas and a waterfall. Don't miss this one-of-a-kind custom home!

Last Agent to Sell the Property

Stephen Armstrong

Keller Williams Elite Realty License #319871 Listed on: 08/01/2022

Keller Williams Elite Realty

Last Buyer's Agent

Erin Pritchard

Keller Williams Professionals License #329248

Keller Williams Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,504

Year Built

  • Built in 2014

Lot Details

  • 0.57

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Cabin
  • Log Siding

Interior Spaces

  • Bar Fridge
  • Cathedral Ceiling
  • Ventless Fireplace
  • Gas Log Fireplace
  • Propane Fireplace
  • Living Room with Fireplace
  • Screened Porch

Kitchen

  • Walk-In Pantry
  • Built-In Oven
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Doors are 32 inches wide or more

Outdoor Features

  • Waterfront has a Concrete Retaining Wall
  • Covered Dock
  • Deck
  • Glass Enclosed

Schools

  • Pinnacle Elementary School
  • R.S. Central Middle School
  • R.S. Central High School

Utilities

  • Central Heating
  • Heat Pump System
  • Power Generator
  • Propane Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 1611724
  • Tax Block 3

Community Details

Overview

  • Town And Country Management Association, Phone Number (864) 450-9188
  • Riverbend At Lake Lure Subdivision
  • Mandatory home owners association
  • Community Lake

Recreation

  • Recreation Facilities
  • Water Sports
  • Trails

Additional Features

  • Picnic Area
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,504

Year Built

Built in 2014

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cabin
  • Year Built: 2014
  • Ratio Current Price By Acre: 1929824.56
  • 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: None
  • Structure Type: Three Story/Basement
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 245.81
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement Fully Finished, Block
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Cathedral Ceiling(s), Kitchen Island, Pantry, Vaulted Ceiling, Walk-In Closet(s), Walk-In Pantry
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1861
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 1469
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 1693
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 3162
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 753
  • Porch: Covered,Deck,Enclosed Patio,Porch-Wrap Around,Screened
  • Appliances: Bar Fridge, Dishwasher, Dryer, Generator, Microwave, Refrigerator, Wall Oven, Washer, Wine Refrigerator
  • Accessibility Features: Door Width 32 Inches or More
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1861
  • Fireplace Features: Gas Log, Ventless, Living Room, Primary Bedroom, Propane
  • Living Area: 4475
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 0
  • Full Bathrooms: 1
  • Total Bedrooms: 0

Exterior Features

  • Exterior Features: Satellite Internet Available, Underground Power Lines
  • New Construction: No
  • Roof: Fiberglass
  • Construction Status: Complete
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Water Body Name: little mirror lake
  • Waterfront Features: Beach - Public, Covered structure, Paddlesport Launch Site, Retaining Wall, Other
  • Construction Type: Log

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Carport - 2 Car

Utilities

  • Heating: Central, Heat Pump, Heat Pump
  • Sewer: Septic Installed
  • Water Heater: Propane
  • Laundry Features: Main Level
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Gated, Lake, Picnic Area, Recreation Area, Walking Trails
  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Town and Country Management
  • Phone: 864-4509188
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: R.S. Central
  • HOA Subject To: Required
  • HOA Email: pluiz@tcgrd.com
  • CAR_YearlyHOAExpense: 500.00

Lot Info

  • Lot Features: Lake On Property, Waterfront
  • Lot Size Units: Acres
  • Parcel Number: 1611724
  • Plat Book Slide: 26/171
  • Plat Reference Section Pages: 26-171
  • Zoning Description: SFR
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Block: 3
  • RATIO List Price By Tax Amount: 2.01410

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Pinnacle
  • High School: R.S. Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2022
Closed on
Oct 3, 2022
Sold by
Hodges Joseph Charles-Weiller
Bought by
Portugues Alberto Daniel
Seller's Agent
Stephen Armstrong
Keller Williams Elite Realty
Buyer's Agent
Erin Pritchard
Keller Williams Professionals
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%
Views
130
Current Estimated Value
$1,170,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,074
Avg. Annual Appreciation
1.98%
Original Mortgage
$825,000
Outstanding Balance
$788,550
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$381,524

Purchase Details

Listed on
Feb 28, 2020
Closed on
May 15, 2020
Sold by
Connor Daniel M O and Connor Cynthia O
Bought by
Hodges Joseph Charles Weiller
Seller's Agent
David Caulder
Caulder Realty & Land Co.
Buyer's Agent
David Caulder
Caulder Realty & Land Co.
List Price
$600,000
Sold Price
$586,000
Premium/Discount to List
-$14,000
-2.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.15%

Purchase Details

Closed on
Nov 1, 2012
Sold by
Lynette Pacontitie Gregory and Lynette Pacontitie
Bought by
Oconnor Daniel M and Oconnor Cynthia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
3.42%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Portugues Alberto Daniel $1,100,000 --
Portugues Alberto Daniel $1,100,000 None Listed On Document
Hodges Joseph Charles Weiller $586,000 None Available
Oconnor Daniel M $4,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Portugues Alberto Daniel $825,000
Closed Portugues Alberto Daniel $825,000
Previous Owner Oconnor Daniel M $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/04/2022 10/04/22 Sold $1,100,000 -8.3% $246 / Sq Ft
08/01/2022 08/01/22 For Sale $1,200,000 +104.8% $268 / Sq Ft
05/15/2020 05/15/20 Sold $586,000 -2.3% $132 / Sq Ft View Prior Sale
03/31/2020 03/31/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $600,000 -- $135 / 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 $5,504 $977,500 $100,000 $877,500
2024 $5,318 $977,500 $100,000 $877,500
2023 $4,159 $977,500 $100,000 $877,500
2022 $4,159 $595,800 $65,000 $530,800
2021 $4,124 $595,800 $65,000 $530,800
2020 $4,124 $595,800 $65,000 $530,800
2019 $4,048 $585,600 $65,000 $520,600
2018 $2,377 $330,100 $65,000 $265,100
2016 $2,224 $330,100 $65,000 $265,100
2013 -- $40,000 $40,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3889559

Canopy MLS (Canopy Realtor® Association)

APN: 1611724