NOT LISTED FOR SALE

Estimated Value: $1,386,000 - $2,279,000

0.63 Acre
$2,982,754 Price per Acre
27,443 Sq Ft Lot

Last Sold September 04, 2020

Last sale price $601,000 $253 Per Sq Ft

Est. 213% increase in value since last sale

Current estimated payment $11,031/month

1 Day on Market

About This Lot

As of September 2020

This property currently has a 1965 home and a few out buildings, all being sold as-is. The home is in terrible condition and will need to be demoed. The value is in this beautiful lot that over looks the main channel of Lake Norman. There are lake views from both sides of the lot and the lot is fairly flat with a gentle slope to the water. There is a concrete seawall in place with a pier and floating dock. Calling for highest and best with a cut off at 4:00 pm on Tuesday, August 11.

Last Agent to Sell the Property

Chris Kirkman

RE/MAX Executive License #205246 Listed on: 08/10/2020

RE/MAX Executive

Last Buyer's Agent

Joey Davis

Staylakenorman LLC License #220465

Property Details

Property Type

  • Land

Lot Details

Additional Features

  • Waterfront
  • Outbuilding
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 4627-12-9273.000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 1.41412
  • Ratio Close Price By Original Li: 1.41412
  • Ratio Current Price By Acre: 953968.25
  • Restrictions: No Restrictions
  • Habitable Residence Yn: Yes
  • Special Features: None

Exterior Features

  • Exterior Features: Outbuilding

Utilities

  • Sewer: Septic Needed
  • Water: Well Installed

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Features: Views, Water view, Waterfront
  • Lot Size Area: 0.630
  • Parcel Number: 4627-12-9273.000
  • Zoning Specification: R20
  • Plat Reference Section Pages: 551-552
  • Out Buildings Yn: Yes

Tax Info

  • Tax Value: 601830.00
  • Tax Location: Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2020
Closed on
Sep 4, 2020
Sold by
Driver Richard Wallace
Bought by
Grekusis Pete
Seller's Agent
Chris Kirkman
RE/MAX Executive
Buyer's Agent
Joey Davis
Staylakenorman LLC
List Price
$425,000
Sold Price
$601,000
Premium/Discount to List
$176,000
41.41%
Current Estimated Value
$1,879,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,278,135
Avg. Annual Appreciation
24.92%
Original Mortgage
$450,750
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2001
Sold by
Driver Ellen B
Bought by
Driver Richard Wallace

Purchase Details

Closed on
Sep 1, 1995

Purchase Details

Closed on
Jun 1, 1977
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
Grekusis Pete $601,000 None Available
Driver Richard Wallace -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grekusis Pete $1,200,000
Closed Grekusis Pete $1,081,165
Closed Grekusis Pete $450,750
Previous Owner Driver Richard Wallace $1,065,000
Previous Owner Driver Richard Wallace $777,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2020 09/04/20 Sold $601,000 +41.4% $253 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $425,000 -- $179 / 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 $9,504 $1,600,710 $675,000 $925,710
2023 $9,504 $1,600,710 $675,000 $925,710
2022 $7,153 $1,130,410 $475,000 $655,410
2021 $3,039 $484,340 $475,000 $9,340
2020 $3,832 $601,830 $475,000 $126,830
2019 $3,772 $601,830 $475,000 $126,830
2018 $3,150 $518,450 $400,000 $118,450
2017 $3,150 $518,450 $400,000 $118,450
2016 $3,150 $518,450 $400,000 $118,450
2015 $3,150 $518,450 $400,000 $118,450
2014 -- $530,090 $400,000 $130,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3649829

Canopy MLS (Canopy Realtor® Association)

APN: 4627-12-9273.000