$850,000
SOLD FEB 21, 2025

112 Milford Cir Unit 1311 Mooresville, NC 28117

Lake Norman Neighborhood
1.12 Acres
$758,929 Price per Acre
48,787 Sq Ft Lot

Recently Sold

11% Below List Price

4 Days on Market

Highlights

  • Access To Lake
  • Boat Slip
  • Clubhouse
  • Woodland Heights Elementary School Rated A-
  • Waterfront
  • Wooded Lot

About This Lot

As of February 2025

Scarce Waterfront Lot (no teardown required:))! Very few if any lots left, let alone on water and this one boasts a gently sloping lot towards the water ideal for a walk-out basement. Previous owner had septic plan designs conditionally approved with County for a 5 bedroom - previously was only approved for a 4 bedroom, re-submission would be required. This setting is at the very tip of a finger inlet providing straight views to the water while generally calm waves compared to many (low wake area). Building marketing fee was partially paid and should be assignable ($21k+ value) - please verify. Deeded Boat Slip (rebuilt 2024) included (#2) is HOA maintained. Walkway to slips partially on this lot is owner maintained. Milford Circle is in a Village within The Point - build your dream home!
Sample elevation plans in photos for concepts. Full plans available included at full list price.

Last Agent to Sell the Property

Jim Newgent

Southcrest Realty Brokerage Email: jnewgent@southcrestrealty.com License #275659 Listed on: 12/14/2024

Last Buyer's Agent

Sherri D'Alessandro

Ivester Jackson Distinctive Properties License #130238

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,511

Lot Details

  • Lot Dimensions are 136x350
  • Waterfront
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Possible uses of the property include Private Estate, Residential
  • Property is zoned R20

HOA Fees

  • $158 Monthly HOA Fees

Schools

  • Woodland Heights Elementary And Middle School
  • Lake Norman High School

Utilities

  • Underground Utilities
  • Community Well
  • Septic Needed
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4625-81-4597.000

Community Details

Overview

  • Hawthorne Management Association, Phone Number (704) 377-0114
  • The Point Subdivision
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Access To Lake
  • Boat Slip

Property Details

Property Type

Land

Est. Annual Taxes

$3,511

Lot Details

0

HOA Fees

$158 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: Architectural Review
  • Road Frontage Type: City Street
  • Road Surface Type: Other
  • ResoPropertyType: Land
  • Geocode Confidence: High
  • Attribution Contact: jnewgent@southcrestrealty.com
  • Special Features: None

Interior Features

  • Possible Use: Private Estate, Residential

Exterior Features

  • Road Frontage: 136
  • Water Body Name: Lake Norman
  • Waterfront Features: Boat Slip – Community, Boat Slip (Deed)
  • Other Structures: None

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Septic Needed
  • Utilities: Cable Connected, Electricity Connected, Gas, Phone Connected, Underground Utilities
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Lake Access, Recreation Area, Sidewalks, Tennis Court(s)
  • Association Fee: 950
  • Association Fee Frequency: Semi-Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Hawthorne Management
  • Phone: 704-377-0114
  • ResoAssociationFeeFrequency: SemiAnnually

Association/Amenities

  • Association Annual Expense: 1900.00

Schools

  • Middle Or Junior School: Woodland Heights
  • HOA Subject To: Required

Lot Info

  • Lot Features: Rolling Slope, Wooded, Waterfront
  • Lot Size Area: 1.12
  • Lot Size Units: Acres
  • Parcel Number: 4625-81-4597.000
  • Plat Book Slide: 45-39
  • Can Be Subdivided: 0
  • Lot Size: 136x350
  • Wooded Area: 1
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R20

MLS Schools

  • Elementary School: Woodland Heights
  • High School: Lake Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2024
Closed on
Feb 21, 2025
Sold by
Iridum Llc
Bought by
Galmcl Enterprises Llc
Seller's Agent
Jim Newgent
Southcrest Realty
Buyer's Agent
Sherri D'Alessandro
Ivester Jackson Distinctive Properties
List Price
$950,000
Sold Price
$850,000
Premium/Discount to List
-$100,000
-10.53%
Views
3
Current Estimated Value
$877,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,762
Avg. Annual Appreciation
1.51%

Purchase Details

Closed on
Dec 7, 2024
Sold by
Newgent Sandra R and Newgent James A
Bought by
Iridum Llc

Purchase Details

Listed on
May 7, 2017
Closed on
Aug 30, 2017
Sold by
Savage Craig Robert and Savage Lisa D
Bought by
Newgent James A and Newgent Sandra R
Seller's Agent
Julie Cash
Coldwell Banker Realty
Buyer's Agent
Non Member
Canopy Administration
List Price
$530,000
Sold Price
$500,000
Premium/Discount to List
-$30,000
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.00%

Purchase Details

Closed on
Apr 15, 2016
Sold by
Feig William R and Feig Susan A
Bought by
Savage Craig Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
3.64%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 11, 2009
Sold by
The Point On Norman Llc
Bought by
Feig William R and Feig Susan A

Purchase Details

Closed on
Aug 27, 2009
Sold by
Clt Development Llc
Bought by
The Point On Norman Llc

Purchase Details

Closed on
Jul 30, 2009
Sold by
Tom Stevenson Building Co
Bought by
Clt Development Llc

Purchase Details

Closed on
Oct 8, 2004
Sold by
The Point On Norman Llc
Bought by
Tom Stevenson Building Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Warranty Deed $850,000 Integrated Title
Deed -- None Listed On Document
Deed -- None Listed On Document
Warranty Deed $500,000 None Available
Warranty Deed $420,000 None Available
Special Warranty Deed $318,000 None Available
Special Warranty Deed -- None Available
Warranty Deed $272,000 None Available
Special Warranty Deed $300,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $294,000 Future Advance Clause Open End Mortgage
Previous Owner $270,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2025 02/21/25 Sold $850,000 -10.5% --
12/14/2024 12/14/24 For Sale $950,000 0.0% --
12/13/2024 12/13/24 Price Changed $950,000 +90.0% --
08/30/2017 08/30/17 Sold $500,000 -5.7% --
07/01/2017 07/01/17 Pending -- -- --
05/07/2017 05/07/17 For Sale $530,000 -- --
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 $3,511 $595,000 $595,000 $0
2023 $3,511 $595,000 $595,000 $0
2022 $2,636 $420,000 $420,000 $0
2021 $2,636 $420,000 $420,000 $0
2020 $2,636 $420,000 $420,000 $0
2019 $2,594 $420,000 $420,000 $0
2018 $1,972 $330,000 $330,000 $0
2017 $1,972 $330,000 $330,000 $0
2016 $1,972 $330,000 $330,000 $0
2015 $1,972 $330,000 $330,000 $0
2014 $1,732 $312,000 $312,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4206885

Canopy MLS (Canopy Realtor® Association)

APN: 4625-81-4597.000