NOT LISTED FOR SALE

10537 Willow Cove Rd Norwood, NC 28128

Estimated Value: $618,000 - $1,192,000

3 Beds
3.5 Baths
4,840 Sq Ft
$189/Sq Ft Est. Value

Last Sold May 26, 2023

Last sale price $875,000 $181 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,328/month

129 Days on Market

Highlights

  • Water Views
  • Equestrian Center
  • 5.1 Acre Lot
  • Golf Course Community
  • Barn
  • Open Floorplan

About This Home

As of May 2023

Rare opportunity to own a mini horse farm estate with stables, heated and air conditioned garages, and a huge workshop all bordering a golf course and Lake Tillery. Conveniently located near the town of Norwood this home has a huge open concept great room with Long range views of the golf course. The property also has long range views of the neighboring pond and Lake Tillery. Large kitchen with granite counters and FiveStar professional propane range. Many recent upgrades including heat pump, propane furnace, Mini-split heat and AC units, tankless water heater and architectural shingles. Furnace, range, emergency generator, and water heater are all propane. Additional Sq. footage is workshop, detached garage, and stables. Both the two car attached and three car detached garages are heated and cooled.

Last Agent to Sell the Property

Robert Patterson

Lake Tillery Properties LLC License #266502 Listed on: 09/18/2022

Last Buyer's Agent

Lori Bosse

Keller Williams Select License #220788

Keller Williams Select

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,440

Year Built

  • Built in 1990

Lot Details

  • 5.1 Acre Lot
  • Fenced
  • Paved or Partially Paved Lot
  • Property is zoned R-20

Parking

  • 4 Car Garage

Property Views

  • Water
  • Golf Course

Home Design

  • Vinyl Siding
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Family Room with Fireplace
  • Screened Porch
  • Basement

Kitchen

  • Double Oven
  • Gas Range
  • Microwave
  • Plumbed For Ice Maker
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Fire Pit
  • Separate Outdoor Workshop

Schools

  • Norwood Elementary School
  • South Stanly Middle School
  • South Stanly High School

Farming

  • Barn
  • Machine Shed
  • Pasture

Horse Facilities and Amenities

  • Equestrian Center
  • Stables

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heating System Uses Propane
  • Power Generator
  • Tankless Water Heater
  • Propane Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 6573-02-56-2519

Community Details

Overview

  • No Home Owners Association

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,440

Year Built

Built in 1990

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1990
  • Restrictions: No Representation
  • Road Surface Type: Asphalt, Gravel, Paved
  • Unit Levels: One
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 180.79
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Other - See Remarks
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Cathedral Ceiling(s), Kitchen Island, Open Floorplan
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2420
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Double Oven, Dryer, Gas Range, Microwave, Plumbed For Ice Maker, Propane Water Heater, Refrigerator, Tankless Water Heater, Washer
  • Other Equipment: Generator
  • Above Grade Finished Sq Ft: 2420
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 2420
  • Fireplace Features: Family Room, Fire Pit, Gas Log
  • Living Area: 4840
  • Bedroom Main: 3
  • Room Count: 13
  • Sq Ft Other: 3491

Exterior Features

  • Exterior Features: Fence, Fire Pit
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Golf Course, Long Range, Water
  • Water Body Name: Lake Tillery
  • Waterfront Features: Boat Ramp – Community, Lake
  • Construction Type: Brick Full, Vinyl
  • Other Structures: Auto Shop, Barn(s), Tractor Shed, Workshop
  • Patio And Porch Features: Covered, Front Porch, Rear Porch, Screened

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 720
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, Detached Garage

Utilities

  • Heating: Forced Air, Natural Gas, Propane
  • Sewer: Septic Installed
  • Laundry Features: Laundry Room, Main Level
  • Cooling: Ceiling Fan(s), Central Air
  • Utilities: Propane
  • Water Source: County Water, Well

Condo/Co-op/Association

  • Community Features: Golf
  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: South Stanly
  • HOA Subject To: None

Lot Info

  • Lot Features: Orchard(s), Pasture, Paved
  • Lot Size Area: 5.1
  • Lot Size Units: Acres
  • Parcel Number: 6573-02-56-2519
  • Horse Amenities: Equestrian Facilities, Stable(s)
  • Lot Size Acres: 5.1
  • Lot Size Sq Ft: 222156
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-20

MLS Schools

  • Elementary School: Norwood
  • High School: South Stanly

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2022
Closed on
May 26, 2023
Sold by
Barfield Mitchell L and Barfield Debra Sue
Bought by
Helms Thomas Dale and Helms Jessica Lynette
Seller's Agent
Robert Patterson
Lake Tillery Properties LLC
Buyer's Agent
Lori Bosse
Keller Williams Select
List Price
$1,100,000
Sold Price
$875,000
Premium/Discount to List
-$225,000
-20.45%
Views
55
Current Estimated Value
$917,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,054
Avg. Annual Appreciation
2.10%
Original Mortgage
$295,000
Outstanding Balance
$284,893
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$632,161

Purchase Details

Listed on
Oct 17, 2012
Closed on
Aug 29, 2013
Sold by
Btr Land & Timber Co Llc
Bought by
Barfield Mitchell L and Barfield Debra Sue B
Seller's Agent
Brian Beachum and Megan Meadows
Pier View Properties
Buyer's Agent
Robert Patterson
Lake Tillery Properties LLC
List Price
$199,900
Sold Price
$100,000
Premium/Discount to List
-$99,900
-49.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.20%
Original Mortgage
$150,000
Interest Rate
4.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 18, 2009
Sold by
Fogleman Tyler B and Fogleman Michele W
Bought by
Btr Land & Timber Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
4.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 2005
Sold by
Allen Robert L and Allen Vernell G
Bought by
Fogleman Tyler B and Fogleman Michele W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,600
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Helms Thomas Dale $875,000 None Listed On Document
Barfield Mitchell L $340,000 None Available
Btr Land & Timber Company Llc $640,000 None Available
Fogleman Tyler B $347,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Helms Thomas Dale $295,000
Previous Owner Barfield Mitchell $10,000
Previous Owner Barfield Mitchell Lynn $300,000
Previous Owner Barfield Mitchell L $150,000
Previous Owner Btr Land & Timber Company Llc $640,000
Previous Owner Fogleman Michele $540,000
Previous Owner Fogleman Tyler B $250,000
Previous Owner Fogleman Tyler B $177,250
Previous Owner Fogleman Tyler B $105,000
Previous Owner Fogleman Tyler B $277,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2023 05/26/23 Sold $875,000 -2.2% $181 / Sq Ft
01/25/2023 01/25/23 Pending -- -- --
01/02/2023 01/02/23 Price Changed $895,000 -10.5% $185 / Sq Ft
10/14/2022 10/14/22 Price Changed $999,500 -9.1% $207 / Sq Ft
09/18/2022 09/18/22 For Sale $1,100,000 +1000.0% $227 / Sq Ft
09/04/2013 09/04/13 Sold $100,000 -70.6% $42 / Sq Ft
09/03/2013 09/03/13 Sold $340,000 -7.9% $71 / Sq Ft
07/11/2013 07/11/13 Pending -- -- --
07/11/2013 07/11/13 Pending -- -- --
06/21/2013 06/21/13 For Sale $369,000 +84.6% $77 / Sq Ft
10/17/2012 10/17/12 For Sale $199,900 -- $84 / Sq Ft
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
2025 $4,440 $727,813 $139,500 $588,313
2024 $3,603 $507,451 $101,332 $406,119
2023 $3,122 $411,975 $62,691 $349,284
2022 $3,022 $411,975 $62,691 $349,284
2021 $3,110 $411,975 $62,691 $349,284
2020 $2,980 $366,097 $56,359 $309,738
2019 $3,014 $366,097 $56,359 $309,738
2018 $2,819 $366,097 $56,359 $309,738
2017 $2,819 $366,097 $56,359 $309,738
2016 $2,867 $372,394 $52,844 $319,550
2015 $2,983 $372,394 $52,844 $319,550
2014 $2,760 $372,394 $52,844 $319,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3905164

Canopy MLS (Canopy Realtor® Association)

APN: 6573-02-56-2519