NOT LISTED FOR SALE

997 Proctor Rd Lake Lure, NC 28746

Estimated Value: $828,570 - $979,000

3 Beds
3 Baths
2,108 Sq Ft
$425/Sq Ft Est. Value

Last Sold June 14, 2024

Last sale price $925,000 $439 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,245/month

14 Days on Market

Highlights

  • Spa
  • Open Floorplan
  • Private Lot
  • Waterfront
  • Deck
  • Wooded Lot

About This Home

As of June 2024

Located in the heart of Lake Lure, this amazing 11 acre estate is one of the most beautiful sites in our region with over 700 feet on Pool Creek.....just upstream from renown "Bottomless Pools". This lush, park-like setting is flush with Rhododendron, mountain laurel and a variety of natural ferns and massive trees. This amazing property includes a 3 bedroom, 3 bath, log home, oversized 2 car garage with finished 2nd story craft room and a separate 25x17 multi-purpose building , currently used as a personal gym. If you're looking for ultimate privacy and ultimate beauty, close to town, this will be ideal! This is a rare opportunity to own a trophy property at $995,000!

Last Agent to Sell the Property

David Caulder

Caulder Realty & Land Co. Brokerage Email: david@caulderrealty.com License #75204 Listed on: 05/02/2024

Last Buyer's Agent

David Caulder

Caulder Realty & Land Co. Brokerage Email: david@caulderrealty.com License #75204 Listed on: 05/02/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,119

Year Built

  • Built in 2003

Lot Details

  • Waterfront
  • Partially Fenced Property
  • Private Lot
  • Level Lot
  • Wooded Lot
  • Property is zoned R1B

HOA Fees

  • $67 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Composition Roof
  • Stone Siding
  • Log Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Propane Fireplace
  • Insulated Windows
  • Great Room with Fireplace
  • Wood Flooring

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Access to stream, creek or river
  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Propane
  • Septic Tank

Community Details

  • Chimney Rock Ridge HOA, Phone Number (703) 203-6431
  • Chimney Rock Ridge Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 1629765

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,119

Year Built

Built in 2003

Lot Details

0

HOA Fees

$67 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2003
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt, Gravel
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 438.80
  • Bedroom Lower: 1
  • Geocode Confidence: High
  • Attribution Contact: david@caulderrealty.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Other - See Remarks
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Open Floorplan, Pantry, Split Bedroom, Walk-In Closet(s)
  • Lower Level Sq Ft: 1054
  • Main Level Sq Ft: 1054
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer, Washer/Dryer
  • Other Equipment: Fuel Tank(s)
  • Above Grade Finished Sq Ft: 2108
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Great Room, Propane
  • Living Area: 2108
  • Window Features: Insulated Window(s)
  • Bedroom Main: 2
  • Room Count: 7

Exterior Features

  • Exterior Features: Hot Tub, Other - See Remarks
  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Fencing: Partial
  • Water Body Name: Creek
  • Waterfront Features: None
  • Construction Type: Log, Stone
  • Other Structures: Other - See Remarks
  • Patio And Porch Features: Covered, Deck, Patio, Rear Porch, Side Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Detached Garage

Utilities

  • Heating: Electric, Forced Air, Heat Pump, Propane
  • Sewer: Septic Installed
  • Laundry Features: Utility Room, Laundry Room, Lower Level
  • Cooling: Central Air, Electric, Heat Pump
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 800
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Chimney Rock Ridge HOA
  • Phone: 703-203-6431
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 800.00

Schools

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

Lot Info

  • Lot Features: Creek Front, Level, Pond(s), Private, Creek/Stream, Waterfront, Wooded
  • Lot Size Area: 11
  • Lot Size Units: Acres
  • Parcel Number: 1629765
  • Additional Parcels Description: 1643558
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R1B

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
Jun 14, 2024
Sold by
Mucerino Frank L and Mucerino Laura Ann
Bought by
Charles Albert Bilter Revocable Living Trust and Bilter
Seller's Agent
David Caulder
Caulder Realty & Land Co.
Buyer's Agent
David Caulder
Caulder Realty & Land Co.
List Price
$995,000
Sold Price
$925,000
Premium/Discount to List
-$70,000
-7.04%
Views
43
Current Estimated Value
$895,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,607
Avg. Annual Appreciation
-2.40%

Purchase Details

Listed on
Nov 3, 2022
Closed on
Dec 14, 2022
Sold by
Ward Tracee B
Bought by
Mucerino Frank L and Mucerino Laura Ann
Seller's Agent
David Caulder
Caulder Realty & Land Co.
Buyer's Agent
David Caulder
Caulder Realty & Land Co.
List Price
$645,000
Sold Price
$645,000
Views
52

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.58%
Original Mortgage
$500,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 16, 2020
Closed on
Apr 20, 2020
Sold by
Freeman Jeffrey K and Freeman Micky D
Bought by
Ward Michael J and Ward Tracee B
Seller's Agent
David Caulder
Caulder Realty & Land Co.
Buyer's Agent
Tracee Ward
Holden Realty
List Price
$475,000
Sold Price
$470,000
Premium/Discount to List
-$5,000
-1.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.59%

Purchase Details

Listed on
Aug 2, 2016
Closed on
Oct 10, 2016
Sold by
Brandenburg Gary M and Brandenburg Cathleen T
Bought by
Freeman Jeffrey K and Freeman Mickey D
Buyer's Agent
David Caulder
Caulder Realty & Land Co.
List Price
$399,000
Sold Price
$379,000
Premium/Discount to List
-$20,000
-5.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Original Mortgage
$3,411,000
Interest Rate
2.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2005
Sold by
Horowitz Alan L
Bought by
Brandenburg Gary M and Brandenburg Cathleen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6%
Mortgage Type
New Conventional
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
Charles Albert Bilter Revocable Living Trust $925,000 None Listed On Document
Mucerino Frank L $645,000 --
Ward Michael J $477,500 None Available
Freeman Jeffrey K $379,000 None Available
Brandenburg Gary M $385,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mucerino Frank L $500,000
Previous Owner Freeman Jeffrey K $3,411,000
Previous Owner Brandenburg Gary M $308,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/14/2024 06/14/24 Sold $925,000 -7.0% $439 / Sq Ft
05/02/2024 05/02/24 For Sale $995,000 +54.3% $472 / Sq Ft
12/20/2022 12/20/22 Sold $645,000 0.0% $288 / Sq Ft View Prior Sale
11/03/2022 11/03/22 For Sale $645,000 +37.2% $288 / Sq Ft
04/20/2020 04/20/20 Sold $470,000 -1.1% $210 / Sq Ft View Prior Sale
03/20/2020 03/20/20 Pending -- -- --
03/16/2020 03/16/20 For Sale $475,000 +25.3% $212 / Sq Ft
10/14/2016 10/14/16 Sold $379,000 -5.0% $198 / Sq Ft View Prior Sale
09/01/2016 09/01/16 Pending -- -- --
08/02/2016 08/02/16 For Sale $399,000 -- $209 / 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 $5,119 $625,600 $150,600 $475,000
2024 $4,488 $554,500 $150,600 $403,900
2023 $4,315 $554,500 $150,600 $403,900
2022 $4,315 $382,200 $150,600 $231,600
2021 $4,319 $382,200 $150,600 $231,600
2020 $3,895 $382,200 $150,600 $231,600
2019 $3,505 $366,200 $150,600 $215,600
2018 $3,036 $314,000 $150,500 $163,500
2016 $2,773 $314,000 $150,500 $163,500
2013 -- $290,000 $150,500 $139,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4135856

Canopy MLS (Canopy Realtor® Association)

APN: 1629765