NOT LISTED FOR SALE

120 Cove Point Unit 8 Mount Gilead, NC 27306

Estimated Value: $992,000 - $1,124,000

4 Beds
3 Baths
2,450 Sq Ft
$425/Sq Ft Est. Value

Last Sold February 26, 2018

Last sale price $615,000 $251 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $6,278/month

93 Days on Market

Highlights

  • Newly Remodeled
  • Open Floorplan
  • Bamboo Flooring
  • Waterfront
  • Traditional Architecture
  • Tray Ceiling

About This Home

As of February 2018

New construction waterfront home at The Landing at Lake Tillery. 4 BR / 3 BA Craftsman style home with many upgrades. Bamboo, tile and LVT flooring. Quartz, granite. Tile baths. Hardi siding with stone and cedar accent posts. Professional landscaping with irrigatioin. New boathouse with large stone bulkhead. Vaulted ceiling on the main level with 10 ft ceilings in the basement. Open floorplan up and down with a large great room in the basement. Find your spot on Lake Tillery at The Landing.

Last Agent to Sell the Property

Mark McRae

McRae Properties License #208169 Listed on: 11/11/2017

Last Buyer's Agent

Jonathan Warren

Dane Warren Real Estate License #301293

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • Waterfront

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Stone Siding

Interior Spaces

  • Open Floorplan
  • Tray Ceiling
  • Insulated Windows

Kitchen

  • Breakfast Bar
  • Kitchen Island

Flooring

  • Bamboo
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • 3 Full Bathrooms

Community Details

  • Built by CAM Dev.

Listing and Financial Details

  • Assessor Parcel Number 6575-18-30-5954

Home Details

Home Type

Single Family

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Traditional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.99210
  • Ratio Close Price By Original Li: 0.99210
  • Ratio Current Price By Acre: 1230000.00
  • Ratio Current Price By Sq Ft: 251.02
  • Year Built: 2017
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Foundation Details: Basement Fully Finished, Concrete
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Doors and Windows: Insulated Windows
  • Equipment: Ceiling Fan(s), Cable Prewire, Disposal, Dryer, Dishwasher, Electric Range, Exhaust Fan, Microwave, Refrigerator, Exhaust Hood, Washer, Electric Oven
  • Flooring: Bamboo, Carpet, Tile, Vinyl
  • Interior Amenities: Breakfast Bar, Kitchen Island, Open Floorplan, Tray Ceiling, Vaulted Ceiling, Walk-In Closet(s)
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Sq Ft Basement: 1190
  • Main Level Sq Ft: 1260
  • Total Sq Ft: 2450
  • Sq Ft Unheated Basement: 70
  • Sq Ft Unheated Total: 70

Exterior Features

  • Construction: Fiber Cement, Stone
  • Construction Type: Site Built
  • Exterior Features: Boat House
  • New Construction: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Driveway

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: County Water
  • Water Heater: g-On-Demand Water Heater

Condo/Co-op/Association

  • Association Fee: 600.00
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Dimension: 190 x 100
  • Lot Features: Waterfront, Water view, Year Round View
  • Lot Size Area: 0.500
  • Parcel Number: 6575-18-30-5954
  • Zoning: SFR
  • Zoning Specification: SFR

Building Info

  • Builder Name: CAM Dev.

Tax Info

  • Tax Value: 261113.00
  • Tax Location: Montgomery

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2022
Sold by
Griswold William W and Griswold Lee P
Bought by
Vaughan Matthew M and Vaughan Susan J
Total Days on Market
93
Current Estimated Value
$1,042,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$791,200
Outstanding Balance
$760,101
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$335,901

Purchase Details

Listed on
Nov 11, 2017
Closed on
Feb 19, 2018
Sold by
Cam Development Properties Inc
Bought by
Griswold William W and Griswold Lee P
Seller's Agent
Mark McRae
McRae Properties
Buyer's Agent
Jonathan Warren
Dane Warren Real Estate
List Price
$619,900
Sold Price
$615,000
Premium/Discount to List
-$4,900
-0.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.28%

Purchase Details

Listed on
Apr 18, 2016
Closed on
Feb 10, 2017
Sold by
Allen June D
Bought by
Cam Development Properties Inc
Seller's Agent
Mark McRae
McRae Properties
Buyer's Agent
Mark McRae
McRae Properties
List Price
$250,000
Sold Price
$190,000
Premium/Discount to List
-$60,000
-24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
209.39%
Source: Public Records

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Range of Values:

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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
Vaughan Matthew M $989,000 Hollers & Atkinson Pc
Griswold William W $615,000 None Available
Cam Development Properties Inc $190,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vaughan Matthew M $791,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2018 02/26/18 Sold $615,000 -0.8% $251 / Sq Ft
02/12/2018 02/12/18 Pending -- -- --
11/11/2017 11/11/17 For Sale $619,900 +226.3% $253 / Sq Ft
02/10/2017 02/10/17 Sold $190,000 -24.0% --
01/16/2017 01/16/17 Pending -- -- --
04/18/2016 04/18/16 For Sale $250,000 -- --
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
2024 $4,519 $689,895 $182,000 $507,895
2023 $4,003 $611,161 $182,000 $429,161
2022 $4,216 $611,161 $182,000 $429,161
2021 $4,223 $611,161 $182,000 $429,161
2020 $4,229 $611,161 $182,000 $429,161
2018 $3,262 $494,242 $261,113 $233,129
2017 $1,723 $261,100 $261,100 $0
2016 $1,723 $261,100 $261,100 $0
2015 $1,593 $261,100 $0 $0
2014 $1,593 $261,113 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3337959

Canopy MLS (Canopy Realtor® Association)

APN: 6575-18-30-5954