NOT LISTED FOR SALE

119 Falls Cove Dr Unit 57 Troutman, NC 28166

Estimated Value: $361,000 - $467,000

4 Beds
2.5 Baths
2,446 Sq Ft
$172/Sq Ft Est. Value

Last Sold June 27, 2019

Last sale price $250,000 $102 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $2,679/month

83 Days on Market

Highlights

  • Community Cabanas
  • Open Floorplan
  • Engineered Wood Flooring
  • Under Construction
  • Traditional Architecture
  • Attached Garage

About This Home

As of June 2019

Amazing new construction in the beautiful new community Falls Cove at Lake Norman! Moments from Mooresville and Lake Norman State Park! As always everything is included even an outdoor living package with grill and home automation! 4 bedrooms, 2.5 baths, loft and Open floor plan! Castle cabinetry, gas cooking, granite kitchen Island overlooking great room, backsplash, fireplace, tiled shower in master, James Hardie cement siding, fully sodded front, back and sides, crown molding in foyer and chair rail and picture molding in dining room and much more! Current incentive $7,500 towards closing costs if using Eagle Home Mortgage! Lots of additional inventory under construction!

Last Agent to Sell the Property

Yolanda Burney

DR Horton Inc License #261491 Listed on: 02/24/2019

DR Horton Inc

Co-Listed By

Evelyn Vargas

DR Horton Inc License #291002

Last Buyer's Agent

Jennifer Beam

ERA Live Moore License #310556

ERA Live Moore

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,595

Year Built

  • Built in 2019 | Under Construction

Lot Details

  • 9,148

HOA Fees

  • $67 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation

Interior Spaces

  • Open Floorplan
  • Gas Log Fireplace
  • Kitchen Island

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Garden Bath

Attic

  • Attic Fan
  • Pull Down Stairs to Attic

Additional Features

  • Outdoor Gas Grill
  • Level Lot
  • Heating System Uses Natural Gas

Community Details

Overview

  • Braesel Management Company Association, Phone Number (704) 847-3507
  • Built by Lennar of the Carolinas

Recreation

  • Community Playground
  • Community Cabanas
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,595

Year Built

Built in 2019 | Under Construction

Lot Details

0

HOA Fees

$67 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Traditional
  • Construction Status: Under Construction
  • Ratio Close Price By List Price: 0.94340
  • Ratio Close Price By Original Li: 0.79103
  • Ratio Current Price By Acre: 1190476.19
  • Ratio Current Price By Sq Ft: 102.21
  • Year Built: 2019
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Foundation Details: Brick, Slab
  • Upper Level Sq Ft: 1452
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Doors and Windows: g-Insulated Door(s)
  • Equipment: CO Detector, Cable Prewire, Cooktop Gas, Disposal, Dryer, Dishwasher, Electric Dryer Hookup, Exhaust Fan, Gas Range, Ice Maker Connection, Microwave, Network Ready, Self Cleaning Oven, g-Energy Star® Dishwasher, g-Energy Star® Light Fixtures, Natural Gas, Electric Oven
  • Fireplace Description: FAMILYRM, Gas Logs, Gas Vented, Natural Gas
  • Fireplace: Yes
  • Flooring: Carpet, Prefinished Wood, Tile
  • H O A Management Phone: 704-847-3507
  • Interior Amenities: Attic Fan, Attic Stairs Pulldown, Garden Tub, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Upper
  • Room Count: 2
  • Main Level Sq Ft: 994
  • Total Sq Ft: 2446
  • Sq Ft Unheated Main: 451
  • Sq Ft Unheated Total: 451

Exterior Features

  • Construction: Brick Partial, Cedar Shake, Hardboard Siding
  • Construction Type: Site Built
  • Exterior Features: In-Ground Gas Grill
  • New Construction: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car

Utilities

  • Heating: Central Air, g-Energy Star HVAC, Gas Hot Air Furnace, Multizone A/C, MultiZone Heat, Natural Gas
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Cabana, Playground, Outdoor Pool, Sidewalk, Walking Trails
  • Association Fee: 200.00
  • Association Fee Frequency: Quarterly
  • HOA Management Company: Braesel Management Company
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Features: Level, Paved Frontage
  • Lot Size Area: 0.210
  • Parcel Number: 99999
  • Zoning Specification: CMX

Building Info

  • Builder Name: Lennar of the Carolinas

Tax Info

  • Tax Location: Troutman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2019
Closed on
Jun 27, 2019
Sold by
Lennar Carolinas Llc
Bought by
Heinrich Brian Thomas and Heinrich Corrine Tegan
Seller's Agent
Yolanda Burney
DR Horton Inc
Buyer's Agent
Jennifer Beam
ERA Live Moore
List Price
$316,044
Sold Price
$250,000
Premium/Discount to List
-$66,044
-20.9%
Current Estimated Value
$421,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,631
Avg. Annual Appreciation
8.62%
Original Mortgage
$245,471
Outstanding Balance
$215,844
Interest Rate
4%
Mortgage Type
FHA
Estimated Equity
$205,787
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Heinrich Brian Thomas $250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heinrich Brian Thomas $245,471
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2019 06/27/19 Sold $250,000 -5.7% $102 / Sq Ft
05/18/2019 05/18/19 Pending -- -- --
04/25/2019 04/25/19 Price Changed $264,999 -6.6% $108 / Sq Ft
03/30/2019 03/30/19 Price Changed $283,643 -8.1% $116 / Sq Ft
03/16/2019 03/16/19 Price Changed $308,544 -0.8% $126 / Sq Ft
03/08/2019 03/08/19 Price Changed $311,044 -1.6% $127 / Sq Ft
02/24/2019 02/24/19 For Sale $316,044 -- $129 / 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 $4,595 $396,490 $60,000 $336,490
2023 $4,421 $396,490 $60,000 $336,490
2022 $2,803 $236,970 $16,000 $220,970
2021 $2,775 $236,970 $16,000 $220,970
2020 $2,775 $236,970 $16,000 $220,970
2019 $180 $16,000 $16,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3475731

Canopy MLS (Canopy Realtor® Association)

APN: 4730-88-8089.000