NOT LISTED FOR SALE

118 Heron Bay Dr Unit 2 & 3 New London, NC 28127

Estimated Value: $550,000 - $679,000

2.48 Acres
$250,367 Price per Acre
108,029 Sq Ft Lot

Last Sold September 07, 2018

Last sale price $7,000

Est. 9,221% increase in value since last sale

Current estimated payment $3,755/month

198 Days on Market

Highlights

  • Access To Lake
  • Community Lake
  • Wooded Lot
  • Gated Community
  • Clubhouse
  • Trails

About This Lot

As of September 2018

Have you been looking to live in a neighborhood located on the lake? If so this is for you and for a great price. Property is located on 2 lots that have been combined to make one larger lot which means only one HOA fee. The lot is located at the entrance of Heron Bay. Lot's contain a .16 acre common area that belongs to Heron Bay. Beautiful gated neighborhood with walking trails, community boat launch, lake access, and club house.

Last Agent to Sell the Property

James Sides

Ray & Sides Realty License #244231 Listed on: 02/14/2018

Co-Listed By

Megan Restivo

Corcoran HM Properties License #298350

Last Buyer's Agent

James Sides

Ray & Sides Realty License #244231 Listed on: 02/14/2018

Property Details

Property Type

  • Land

Lot Details

HOA Fees

  • $59 Monthly HOA Fees

Additional Features

  • Wooded Lot
  • Well

Listing and Financial Details

  • Assessor Parcel Number 666320905114

Community Details

Overview

  • Heron Bay Association
  • Community Lake

Recreation

  • Trails
  • Access To Lake

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$59 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.82353
  • Ratio Close Price By Original Li: 0.50000
  • Ratio Current Price By Acre: 2822.58
  • Restrictions: Square Feet
  • Special Features: None

Utilities

  • Sewer: County Sewer
  • Water: Well

Condo/Co-op/Association

  • Community Features: Club House, Gated Community, Lake, Lake Access, Street Lights, Walking Trails
  • Association Fee: 355.00
  • Association Fee Frequency: Semi-Annually
  • HOA Management Company: Heron Bay
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Mount Gilead
  • Middle School: West Middle
  • High School: West Montgomery

Lot Info

  • Lot Dimension: 222x490x552x198
  • Lot Features: Wooded
  • Lot Size Area: 2.480
  • Parcel Number: 666320905114
  • Zoning Specification: SFR
  • Plat Reference Section Pages: 438
  • Wooded Acres: 2.48

Tax Info

  • Tax Value: 44100.00
  • Tax Location: Troy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2024
Sold by
Rosenbaum Construction Llc
Bought by
Lundin Thomas C and Lundin Renee M
Current Estimated Value
$652,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$593,750
Outstanding Balance
$584,449
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$36,460

Purchase Details

Closed on
Jun 16, 2022
Sold by
Allquare Enterprise Llc
Bought by
Rosenbaum Construction Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,150
Interest Rate
5.78%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 16, 2019
Sold by
Boette David Allen and Boette Teresa Parker
Bought by
Aliquare Enterprise Llc

Purchase Details

Listed on
Feb 14, 2018
Closed on
Sep 5, 2018
Sold by
Cochrane Ellen F and Cochrane Michael
Bought by
Boyette David Allen and Boyette Teresa Parker
Seller's Agent
James Sides
Ray & Sides Realty
Buyer's Agent
James Sides
Ray & Sides Realty
List Price
$10,000
Sold Price
$7,000
Premium/Discount to List
-$3,000
-30%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
89.97%

Purchase Details

Closed on
Aug 13, 2007
Sold by
Zimmerman Albert N
Bought by
Albert Zimmerman Revocable Living Trust
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
Lundin Thomas C $625,000 None Listed On Document
Rosenbaum Construction Llc -- Moss Woods Pllc
Aliquare Enterprise Llc -- None Available
Boyette David Allen $7,000 None Available
Albert Zimmerman Revocable Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lundin Thomas C $593,750
Previous Owner Rosenbaum Construction Llc $299,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2018 09/07/18 Sold $7,000 -17.6% --
08/31/2018 08/31/18 Pending -- -- --
08/20/2018 08/20/18 Price Changed $8,500 -8.6% --
08/08/2018 08/08/18 Price Changed $9,300 -5.1% --
06/16/2018 06/16/18 Price Changed $9,800 -2.0% --
05/03/2018 05/03/18 For Sale $10,000 -28.6% --
04/11/2018 04/11/18 Pending -- -- --
02/14/2018 02/14/18 For Sale $14,000 -- --
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
2025 $2,030 $296,325 $4,240 $292,085
2024 $2,030 $296,325 $4,240 $292,085
2023 $29 $4,240 $4,240 $0
2022 $29 $4,240 $4,240 $0
2021 $28 $4,240 $4,240 $0
2020 $28 $4,240 $4,240 $0
2018 $298 $44,144 $44,144 $0
2017 $132 $19,600 $19,600 $0
2016 $132 $19,600 $19,600 $0
2015 $123 $19,600 $0 $0
2014 $123 $19,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3360259

Canopy MLS (Canopy Realtor® Association)

APN: 6663-20-90-5114