NOT LISTED FOR SALE

118 Village Park Ln Mill Spring, NC 28756

Estimated Value: $841,449 - $1,219,000

3 Beds
4 Baths
4,520 Sq Ft
$244/Sq Ft Est. Value

Last Sold July 27, 2020

Last sale price $525,000 $116 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $6,236/month

72 Days on Market

Highlights

  • Equestrian Center
  • Contemporary Architecture
  • Recreation Facilities
  • Community Lake
  • Wood Flooring
  • Wet Bar

About This Home

As of July 2020

Beautifully appointed custom built home in the North Park Village section of Lake Adger. This home adjoins lakefront community area with gazebo, park area and boat slips. Paved cart path leads directly from this property to the watefront and your boat slip. Unwind on the screened porch and enjoy the mountain and lake views. Open main level with 2 story ceiling in main living area, large open kitchen. Main level master as well as second possible master suite. Upper level offers a office area, 3rd bedroom , full bath and bonus room with wet bar, private deck and once again AMAZING VIEWS! Lower level offers 2nd living quarters with private entrance, full kitchen, den , dining area, full bath, and 2 additional rooms currently set up as optional bedroom locations.

Last Agent to Sell the Property

Heather Chambers

Howard Hanna Beverly-Hanks License #233014 Listed on: 03/09/2020

Howard Hanna Beverly-Hanks

Last Buyer's Agent

Heather Chambers

Howard Hanna Beverly-Hanks License #233014 Listed on: 03/09/2020

Howard Hanna Beverly-Hanks

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2014

Lot Details

  • 2.17

HOA Fees

Parking

  • 3

Home Design

  • Contemporary Architecture

Interior Spaces

  • Wet Bar
  • Gas Log Fireplace

Kitchen

  • Oven
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 4 Full Bathrooms
  • Garden Bath

Additional Features

  • Equestrian Center
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number P54-136
  • Tax Block NORTH PARK

Community Details

Overview

  • Ipm HOA
  • Community Lake

Recreation

  • Recreation Facilities
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2014

Lot Details

0

HOA Fees

$89 per month

Parking

3

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Contemporary
  • Ratio Close Price By List Price: 0.99244
  • Ratio Close Price By Original Li: 0.99244
  • Ratio Current Price By Acre: 241935.48
  • Ratio Current Price By Sq Ft: 116.15
  • Year Built: 2014
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Fully Finished
  • Upper Level Sq Ft: 879
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Dishwasher, Microwave, Oven, Propane, Exhaust Hood, Refrigerator, Security System
  • Fireplace Description: FAMILYRM, Gas Logs, Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Garden Tub, Kitchen Island, Vaulted Ceiling, Walk-In Closet(s), Wet Bar
  • Laundry Location: Main
  • Room Count: 3
  • Sq Ft Basement: 1677
  • Main Level Sq Ft: 1964
  • Total Sq Ft: 4520

Exterior Features

  • Construction: Fiber Cement
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Detached Garage, Garage - 3 Car

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Shared Well
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Equestrian Trails, Lake, Recreation Area, Walking Trails
  • Association Fee: 1000.00
  • Association Fee Frequency: Annually
  • HOA Management Company: IPM HOA
  • Hoa Subject To Dues: Mandatory
  • Association #2 Fee: 70.00
  • Association #2 Fee Frequency: Annually

Schools

  • Elementary School: Polk Central
  • Middle School: Polk
  • High School: Polk

Lot Info

  • Lot Features: Mountain View, Views, Water view
  • Lot Size Area: 2.170
  • Parcel Number: P54-136
  • Zoning Specification: RES

Tax Info

  • Tax Value: 399342.00
  • Tax Block: NORTH PARK
  • Tax Location: Polk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2020
Closed on
Jul 21, 2020
Sold by
Stone James and Stone Charyl
Bought by
Winkel Gerhardt Julius and Winkel Stephanie Ann
Seller's Agent
Heather Chambers
Howard Hanna Beverly-Hanks
Buyer's Agent
Heather Chambers
Howard Hanna Beverly-Hanks
List Price
$529,000
Sold Price
$525,000
Premium/Discount to List
-$4,000
-0.76%
Current Estimated Value
$1,100,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$575,862
Avg. Annual Appreciation
15.46%
Original Mortgage
$420,000
Outstanding Balance
$301,684
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$799,178

Purchase Details

Closed on
Sep 9, 2002
Bought by
Watson Jack R and Watson Ann

Purchase Details

Closed on
Sep 4, 2001
Bought by
Watson Jack R and Watson Ann
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Winkel Gerhardt Julius $525,000 None Available
Watson Jack R $100,000 --
Watson Jack R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Winkel Gerhardt Julius $420,000
Previous Owner Stone James $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2020 07/27/20 Sold $525,000 -0.8% $116 / Sq Ft
05/20/2020 05/20/20 Pending -- -- --
03/09/2020 03/09/20 For Sale $529,000 -- $117 / 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
2024 $3,389 $527,239 $27,020 $500,219
2023 $3,389 $527,239 $27,020 $500,219
2022 $3,319 $527,239 $27,020 $500,219
2021 $3,319 $527,239 $27,020 $500,219
2020 $2,652 $399,342 $71,700 $327,642
2019 $2,652 $399,342 $71,700 $327,642
2018 $2,452 $399,342 $71,700 $327,642
2017 $2,452 $443,219 $97,285 $345,934
2016 $2,675 $443,219 $97,285 $345,934
2015 $2,543 $0 $0 $0
2014 $2,543 $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3600951

Canopy MLS (Canopy Realtor® Association)

APN: P54-136