3207 Memorial Hwy, Lake Lure, NC, 28746

$1,275,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths
1,294 SqFt
$985/SqFt
House

Location

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3207 Memorial Hwy, Lake Lure$1,275,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Parking Space(s)
Year Built1991
HeatingDuctless, Heat Pump
CoolingHeat Pump
BasementYes
FireplaceGreat Room, Primary Bedroom, Propane
ViewMountain(s), Water
MLS #4088956
StatusActive

About 3207 Memorial Hwy

Income producing property w/ 300 feet on the Rocky Broad River. Commercial or residential opportunities. Beautiful year-round views of Chimney Rock State Park on .74-acre with room on level ground for expansion or additional structures and parking. The main level has a primary BR, BA, kitchen, dining area, and 2-story great room w/ a wood burning stove. Upstairs is another BR and full BA, + a large office or flex space overlooking the living area. A lovely front porch wraps around the side of the home, and the expansive back deck overlooks the river. Separate living quarters in the finished basement is utilized as a short-term vacation rental with a family room, kitchenette, bedroom & full bathroom (gross income 2021 $38,672.50; 2022 $39,600.89; 2023 $34,985.38; 2024 to date $22,506.30). This property is in Lake Lure, and borders Chimney Rock Village. Right in the middle of all the action! By appointment only. Ample space for parking.

Property Details

Property Features

Property Information:

  • Year Built: 1991
  • Living Area: 1,294 SqFt

Listing Office:

  • Office Name: Team Cleary Real Estate Inc
  • Office Email: TeamClearyWNC@gmail.com

Interior Features

Interior Information:

  • Appliances: Convection Oven, Dishwasher, Gas Range, Microwave, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Washer/Dryer
  • Basement: Yes
  • Flooring Type: Linoleum, Wood
  • Fireplace: Great Room, Primary Bedroom, Propane

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Mountain(s), Water

Parking Information:

  • Parking: Driveway, Parking Space(s)

Utilities

Utilities Information:

  • Heating: Ductless, Heat Pump
  • Cooling: Heat Pump

Other

Directions Information:

  • Directions: From downtown Lake Lure head up Hwy 64/74 towards Chimney Rock. 3207 Memorial Highway will be on your left, just past the entrance to the Geneva Riverside Motel and Tiki Bar.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,275,000
  • Price Per SqFt: $985/SqFt

Tax Information:

  • Annual Amount: $3,269
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lake Lure, NC.

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Lake Lure, NC

City

Med. Sold Price

$542.5K

Med. Price/SqFt

$274

Avg. Days On Market

157

# of Sold Homes

5

3207 Memorial Hwy vs Lake Lure

382 DAYS ON ROCKET

+225 Days

$1,275,000

+$732.5K More

$985/SqFt

+$710 More

KEY TAKEAWAY

This property is $732.5K more than the Median Sold Price and $710/SqFt more than other homes in Lake Lure, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4088956

Listing Office:

  • Office Name: Team Cleary Real Estate Inc
  • Office Email: TeamClearyWNC@gmail.com

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 10:51:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 14, 2018Home Sold
$350,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,269$289,100
2020$2,948$289,100
2018$2,534$262,100
2017$2,314$262,100

History based on county public records data.

Payment Calculator

$6,431

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,889

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4386311
6
/10

  • Sunny View Elementary School

  • 86 Sunny View School Rd

  • 5.54 miles

  • Public District Grades PK-5

school-card-donut-4386312
2
/10

  • Edneyville Elementary School

  • 2875 Pace Rd

  • 8.60 miles

  • Public District Grades PK-5

school-card-donut-4386313
5
/10

  • Dana Elementary School

  • 690 Ridge Rd

  • 10.18 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,437. Most Lake Lure, NC residents have annual incomes between $35k-100k. The majority of families are married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3207 Memorial Hwy

What is the listing price of this property?

The listing price of 3207 Memorial Hwy property is $1,275,000.

What type of property is this?

The property 3207 Memorial Hwy is a house located in Lake Lure, North Carolina, 28746.

Is this property for sale now?

Active Listing: 3207 Memorial Hwy is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,269 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 14, 2018 for $350,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 3207 Memorial Hwy has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 3207 Memorial Hwy is 1,294 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3207 Memorial Hwy is 1991.

Rocket Homes›North Carolina›Buncombe County›Lake Lure›28746›3207 Memorial Hwy

This home is located at 3207 Memorial Hwy in Lake Lure, NC and zip code 28746. This 1,294 square foot home was built in 1991. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 01, 2023 and is currently priced at $1,275,000.

Lake Lure, NC housing market in November 2024 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 5 sold below. In November 2024 in Lake Lure, NC there were 7.4% more homes for sale than in October 2024. In November 2024, listings were on the market for 157 days. During the same period, the median list price in this real estate market was $542,500.

From Rocket Homes Real Estate and based on county public records data.

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