$125,000
SOLD MAY 27, 2021

000 Morrison Farm Rd Unit 2 Troutman, NC 28166

0.53 Acre
$235,849 Price per Acre
23,087 Sq Ft Lot

Recently Sold

50% Below List Price

415 Days on Market

About This Lot

As of May 2021

WOW! What a great new price for lakefront property! This beautiful waterfront lot is absolutely stunning! With approximately .53 acres, you could build your dream home on Lake Norman and enjoy the marvelous sunsets in all their glory!

Last Agent to Sell the Property

Susan Johnson

Keller Williams Lake Norman License #242878 Listed on: 11/19/2019

Last Buyer's Agent

Jitka Sustrova

EXP Realty LLC Mooresville License #276133

EXP Realty LLC Mooresville

Property Details

Property Type

  • Land

Lot Details

  • Waterfront
  • Wooded Lot

Additional Features

  • Crawl Space
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 4629-80-2883.000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.83333
  • Ratio Close Price By Original Li: 0.50000
  • Ratio Current Price By Acre: 235849.06
  • Restrictions: Livestock Restriction
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Crawl Space

Utilities

  • Sewer: Septic Needed
  • Water: Well Needed

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Features: Views, Water view, Waterfront, Wooded
  • Lot Size Area: 0.530
  • Parcel Number: 4629-80-2883.000
  • Zoning Specification: R20

Tax Info

  • Tax Value: 240000.00
  • Tax Location: Troutman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2022
Sold by
Queen City Home Inspection Llc
Bought by
Sus Invest Llc
Current Estimated Value
$1,062,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$501,805
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$560,816

Purchase Details

Closed on
Nov 1, 1994

Purchase Details

Closed on
Jun 1, 1978

Purchase Details

Closed on
Jun 1, 1967
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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 Type Sale Price Title Company
Quit Claim Deed -- --
Quit Claim Deed -- None Listed On Document
Deed $5,000 --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $525,000 New Conventional
Closed $525,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2021 05/27/21 Sold $125,000 -16.7% --
01/07/2021 01/07/21 Pending -- -- --
11/11/2020 11/11/20 Price Changed $150,000 -14.3% --
06/23/2020 06/23/20 Price Changed $175,000 -7.9% --
05/19/2020 05/19/20 Price Changed $190,000 -5.0% --
04/07/2020 04/07/20 Price Changed $200,000 -20.0% --
11/19/2019 11/19/19 For Sale $250,000 -- --
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
2024 $5,347 $881,230 $400,000 $481,230
2023 $5,347 $881,230 $400,000 $481,230
2022 $2,039 $316,000 $240,000 $76,000
2021 $1,506 $240,000 $240,000 $0
2020 $1,506 $240,000 $240,000 $0
2019 $1,446 $240,000 $240,000 $0
2018 $1,434 $240,000 $240,000 $0
2017 $1,434 $240,000 $240,000 $0
2016 $1,434 $240,000 $240,000 $0
2015 $1,434 $240,000 $240,000 $0
2014 $1,320 $240,000 $240,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3569907

Canopy MLS (Canopy Realtor® Association)

APN: 4629-80-2883.000