NOT LISTED FOR SALE

119 Farley Ln Troutman, NC 28166

Estimated Value: $1,424,000 - $1,907,808

4 Beds
3 Baths
3,342 Sq Ft
$503/Sq Ft Est. Value

Last Sold November 22, 2019

Last sale price $910,000 $272 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $9,564/month

97 Days on Market

Highlights

  • Waterfront
  • Wood Flooring
  • Walk-In Closet
  • Private Lot
  • Fireplace
  • Breakfast Bar

About This Home

As of November 2019

Welcome to paradise! Stunning views from every room can be found in this beautiful home nestled on the shores of Lake Norman. The long range views, beach entrance & amazing lakeside landscaping will not disappoint. The evening breezes coming through the pass through screened porch only add to the ambiance of this one of a kind setting! Make sure not to miss the little cottage for kids play/bunk room right off the main deck. Speaking of decking, this one has a ton! The entire lake side of the home, including the upstairs bedrooms, have their own spots for soaking up the sun. Dock comes w/ a 7,000 lb boat lift & is all composite w/ set ups for lighting, electricity, water & is pre-wired for cable TV. And yes, the master bedroom & laundry are on the main level! The 2,240 square foot heated & cooled basement is just awaiting your imagination; like maybe a huge workshop, game room, theater room, bedroom or...? Make sure to add this one to your tour & allow ample time to enjoy the setting.

Last Agent to Sell the Property

Mike & Erin Toste

Southern Homes of the Carolinas, Inc License #279262 Listed on: 06/21/2019

Last Buyer's Agent

Rebecca Boan

Howard Hanna Allen Tate Mooresville/LKN License #210269

Howard Hanna Allen Tate Mooresville/LKN

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1993

Lot Details

  • Waterfront
  • Private Lot
  • Many Trees

Parking

  • 2

Home Design

  • Vinyl Siding

Kitchen

  • Breakfast Bar
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Additional Features

  • Fireplace
  • Fire Pit
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4629-65-0408.000

Home Details

Home Type

Single Family

Year Built

Built in 1993

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Ratio Close Price By List Price: 0.96296
  • Ratio Close Price By Original Li: 0.96296
  • Ratio Current Price By Acre: 1213333.33
  • Ratio Current Price By Sq Ft: 272.29
  • Year Built: 1993
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Inside Entrance, Basement Outside Entrance
  • Upper Level Sq Ft: 961
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Equipment: Ceiling Fan(s), Convection Oven, Cooktop Electric, Dishwasher, Disposal, Microwave, Refrigerator
  • Fireplace Description: Den, Primary Bedroom
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Garden Tub, Kitchen Island, Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 4
  • Main Level Sq Ft: 2302
  • Third Level Sq Ft: 79
  • Total Sq Ft: 3342
  • Sq Ft Unheated Basement: 2240
  • Sq Ft Unheated Main: 652
  • Sq Ft Unheated Total: 2892

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Exterior Features: Fire pit

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 2 Car

Utilities

  • Heating: Central Air
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Schools

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

Lot Info

  • Lot Features: Lake Access, Long Range View, Private, Sloping, Trees, Water view, Waterfront
  • Lot Size Area: 0.750
  • Parcel Number: 4629-65-0408.000
  • Plat Reference Section Pages: 114-117
  • Zoning Specification: RR

Tax Info

  • Tax Value: 703410.00
  • Tax Location: Troutman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2019
Closed on
Nov 22, 2019
Sold by
Montgomery John David
Bought by
Luce Ross Guy and Luce Julie Ann
Seller's Agent
Mike & Erin Toste
Southern Homes of the Carolinas, Inc
Buyer's Agent
Rebecca Boan
Howard Hanna Allen Tate Mooresville/LKN
List Price
$945,000
Sold Price
$910,000
Premium/Discount to List
-$35,000
-3.7%
Current Estimated Value
$1,681,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$771,452
Avg. Annual Appreciation
11.09%
Original Mortgage
$610,000
Outstanding Balance
$537,912
Interest Rate
3.5%
Estimated Equity
$1,143,540

Purchase Details

Closed on
Dec 1, 1988
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 Buyer Sale Price Title Company
Luce Ross Guy $910,000 None Available
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luce Ross Guy $610,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2019 11/22/19 Sold $910,000 -3.7% $272 / Sq Ft
09/26/2019 09/26/19 Pending -- -- --
06/21/2019 06/21/19 For Sale $945,000 -- $283 / 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 $8,203 $1,357,240 $550,000 $807,240
2023 $8,203 $1,357,240 $550,000 $807,240
2022 $6,058 $940,790 $330,000 $610,790
2021 $5,629 $888,170 $330,000 $558,170
2020 $5,629 $888,170 $330,000 $558,170
2019 $4,825 $791,580 $330,000 $461,580
2018 $4,255 $703,410 $330,000 $373,410
2017 $4,255 $703,410 $330,000 $373,410
2016 $4,255 $703,410 $330,000 $373,410
2015 $4,332 $703,410 $330,000 $373,410
2014 $4,134 $728,910 $330,000 $398,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3519773

Canopy MLS (Canopy Realtor® Association)

APN: 4629-65-0408.000