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140 Fairway Drive

140 Fairway Drive, Lake Lure, NC 28746
Property in Rutherford
Sold Jun 23, 2023
$575,000
$517,500 by State Employees Credit Union
Mortgage Due Jul 01, 2053
Sold Jun 24, 2013
$245,000
$195,000 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2043
140 Fairway Drive has been categorized by the local assessors in Lake Lure, NC as a residential type of property. The building on the property was first built in 1984 and is 40 years old. However, we must point out that the home was most recently renovated and altered in 2010. The home has a total of 3 bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 140 Fairway Drive has 1,392 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 34,412 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 575 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as good. The building has a gable style roof made of asphalt. The exterior walls of the building are made of wood siding. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with ventilation system at the moment. In terms of heating, it is utilizing a heat pump. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 140 Fairway Drive sold most recently in Jun 23, 2023 for a total of $575,000. If you work out the math, that's approximately a cost of $413.07 per sqft. Before that, the property was also sold for $245,000 in Jun 24, 2013. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,407 in taxes each year. 140 Fairway Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $534,300. If we break it down further, the land itself was valued at $100,000. Improvements to the property, however, were assessed at a total of $434,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 2010
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Wood
  • Basement Type: Unspecified basement
  • Basement Area: 1,240
  • Garage Type: Garage
  • Garage Square Area: 575
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 34,412
  • Total Building Area: 1,392
  • Building Area: 1,392
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Ventilation system
  • Heating: Heat pump
  • Heated Square Feet: 1,392
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FAIRFIELD MTN GOLF ESTATES
  • Land Acres: 0.79
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: FAIRFIELD MTN GOLF ESTATES LO50 PL10-118

Ownership

  • Current Owner : LEWIS CHRISTOPHER ALAN
  • Current Owner 2: JONES LEWIS RACHEL
  • Previous Owner : LONGHOUSER JOHN E
  • Previous Owner 2: LONGHOUSER CHERYL L
  • Owner Before Previous Owner: SWANSON MARY ALICE
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Rutherford County Schools
  • Census Tract: 960301

Zoning

  • Zoning: R3

Geography

  • District: 02
  • Parcel: 1600344
  • Lot: 50
  • Municipality: CHIMNEY ROCK
  • Latitude: 35.469
  • Longitude: -82.196

    Address

  • Full Address: 140 Fairway Dr
  • Address - House Number: 140
  • Address - Street Name: Fairway
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Lake Lure
  • Carrier Code: R002
  • 4-Digit Zip Code: 9611
  • Zip Code: 28746

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,407

    Appraisal Valuation

  • Standard Deviation: 0.2645
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 62
  • Final Value: 627,093
  • High Value: 793,000
  • Low Value: 461,186

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $517,500
  • First Open Lien Mortgage Lender: STATE EMPLOYEES CREDIT UNION
  • First Open Lien Mortgage Recording Date: Jun 23, 2023
  • First Open Lien Mortgage Loan Amount: $517,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2053

    Market Valuation

  • Market Total Value: $534,300
  • Market Land Value: $100,000
  • Market Improvement Value: $434,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $534,300
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $434,300

    Sales

  • Current Sale Contract Date: Jun 23, 2023
  • Current Sale Recording Date: Jun 23, 2023
  • Current Sale Transaction ID: 11908544475
  • Current Sale Price: $575,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 24, 2013
  • Previous Sale Contract Date: Jun 24, 2013
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CREDIT UNION
  • First Mortgage Transaction Date: Jun 23, 2023
  • First Mortgage Loan Amount: $517,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Jun 24, 2013
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $195,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Jul 01, 2043

About Lake Lure



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 140 Fairway Drive located in?
The 140 Fairway Drive is a located in the neighborhood of Rutherford in Lake Lure, Lake Lure.
What is the average sales price for listings in 140 Fairway Drive?
The average sales price for units in 140 Fairway Drive is $0 currently.

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