NOT LISTED FOR SALE

003 Morrison Farm Rd Unit 38 Troutman, NC 28166

Estimated Value: $501,000 - $506,000

2.33 Acres
$216,177 Price per Acre
101,495 Sq Ft Lot

Last Sold November 04, 2020

Last sale price $55,000

Est. 816% increase in value since last sale

Current estimated payment $3,133/month

733 Days on Market

About This Lot

As of November 2020

Large lot located in the rural community of Falls Park. Large wooded lots giving privacy and space. Enjoy water views from this lot. Located just down the road from Lake Norman State Park allowing easy access to the public boat ramps, 37+ miles of mountain bike trails, hiking , camping, fishing and swimming. Close to Troutman and Mooresville. Plenty of room to build your dream home.,pool and garage Bring your own builder!

Last Agent to Sell the Property

Michael Todd

Howard Hanna Allen Tate Royal Properties License #204185 Listed on: 07/26/2018

Last Buyer's Agent

Michael Todd

Howard Hanna Allen Tate Royal Properties License #204185 Listed on: 07/26/2018

Property Details

Property Type

  • Land

Lot Details

Home Design

  • Slab Foundation

Basement

  • Crawl Space

Listing and Financial Details

  • Assessor Parcel Number 4629-85-2619.000

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: 0.84615
  • Ratio Close Price By Original Li: 0.84615
  • Ratio Current Price By Acre: 23605.15
  • Restrictions: Architectural Review, Manufactured Home Not Allowed, Modular Not Allowed, Square Feet
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space, Slab

Exterior Features

  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Utilities

  • Sewer: Septic Tank
  • Water: City Water

Schools

  • Elementary School: Troutman
  • Middle School: Troutman
  • High School: South Iredell

Lot Info

  • Lot Features: Water view
  • Lot Size Area: 2.330
  • Parcel Number: 4629-85-2619.000
  • Zoning Specification: RR
  • Plat Reference Section Pages: 411
  • Wooded Acres: 2.33

Tax Info

  • Tax Value: 45000.00
  • Tax Location: Troutman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2025
Sold by
Rivera-Lopez Sebastian
Bought by
Marsh Marvin Dayne
Current Estimated Value
$503,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Outstanding Balance
$414,292
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$89,400

Purchase Details

Closed on
Jan 26, 2023
Sold by
Rivera Ashley Danielle
Bought by
Lopez -Sebastian Rivera

Purchase Details

Listed on
Jul 26, 2018
Closed on
Nov 4, 2020
Sold by
Falls Park Llc
Bought by
Lopez Sebastian Rivera and Rivera Ashley Danielle
Seller's Agent
Michael Todd
Howard Hanna Allen Tate Royal Properties
Buyer's Agent
Michael Todd
Howard Hanna Allen Tate Royal Properties
List Price
$65,000
Sold Price
$55,000
Premium/Discount to List
-$10,000
-15.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
57.29%
Original Mortgage
$298,884
Interest Rate
2.9%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Marsh Marvin Dayne $500,000 Chicago Title
Lopez -Sebastian Rivera $60,000 --
Lopez Sebastian Rivera $55,000 None Available
Rivera Sebastian -- Mendini Jon
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marsh Marvin Dayne $415,000
Previous Owner Rivera Sebastian $298,884
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2020 11/04/20 Sold $55,000 -15.4% --
07/28/2020 07/28/20 Pending -- -- --
07/27/2020 07/27/20 For Sale $65,000 0.0% --
07/17/2020 07/17/20 Pending -- -- --
07/26/2018 07/26/18 For Sale $65,000 -- --
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 $5,672 $510,210 $98,000 $412,210
2023 $5,672 $510,210 $98,000 $412,210
2022 $3,891 $330,930 $70,000 $260,930
2021 $803 $70,000 $70,000 $0
2020 $803 $70,000 $70,000 $0
2019 $786 $70,000 $70,000 $0
2018 $503 $45,000 $45,000 $0
2017 $503 $45,000 $45,000 $0
2016 $503 $45,000 $45,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3417074

Canopy MLS (Canopy Realtor® Association)

APN: 4629-85-2619.000