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$1,300,000

Beds
2
Baths
4.0
sq ft
4,873

446 Rainbow Circle, Lake Lure, NC 28746

446 Rainbow Circle

Lake Lure, NC 28746

  • Pending
Lake Lure NC-----4800 sq ft lakefront home on Mirror Lake in Riverbend at Lake Lure. A real money maker for short term vacation rentals, grossing $171,000 in 2023.This large log cabin with its indoor pool is very popular with renters as it affords lakefront amenities and indoor amenities with plenty of activities to keep everyone happy, including; fishing, swimming, boating, hiking and so much more. Current sleeping arrangement is 5 bedrooms with lots of overflow space. Offered at $1,300,000. OBO

Details

Property type

Single Family Residence

Est. home value

$912,180

Lot size

Unknown

Price per sq ft

$267

Year built

2000

Monthly HOA fee

$41.67

Price History

08/28/2024
CanopyMLS

CanopyMLS #4141114

Pending
$1,300,000
05/21/2024
CanopyMLS

CanopyMLS #4141114

Listed
$1,300,000
+73.33%
11/16/2021
CanopyMLS

CanopyMLS #3790381

Sold
$750,000

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$685,350
Asking price
$1,300,000
Closing costs (~8% of asking)
-$104,000
Est. remaining loan balance
-$510,650
Cash to seller
$685,350

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Network Capital Funding Corp

Loan start date

December 2022

Original loan amount

$520,000

Est. remaining balance

$510,650

Interest rate

7.08%

Loan type

New Conventional, 30 year

Seller

Richard M Resler and Cathy L Resler

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Pending/Under Contract

Tomo last checked: 10/05/2024 at 9:25 PM

Listing updated: 08/28/2024 at 10:27 AM

Listed by: David Caulder, Caulder Realty & Land Co. Phone #: (828) 625-4474

MLS: CanopyMLS #4141114

CanopyMLS logo

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