NOT LISTED FOR SALE

124 Preston Rd Mooresville, NC 28117

Estimated Value: $833,000 - $1,080,000

4 Beds
3 Baths
3,609 Sq Ft
$274/Sq Ft Est. Value

About This Home

This home is located at 124 Preston Rd, Mooresville, NC 28117 and is currently estimated at $989,353, approximately $274 per square foot. 124 Preston Rd is a home with nearby schools including Lakeshore Elementary School, Lakeshore Middle School, and Lake Norman High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2021
Sold by
Nest Homes Llc
Bought by
Rakes Michael Lane and Rakes Darla Michele
Current Estimated Value
$989,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$653,243
Outstanding Balance
$595,697
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$393,656

Purchase Details

Closed on
Mar 9, 2021
Sold by
Atwater Waterfront Llc
Bought by
Nest Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$571,184
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 6, 2019
Sold by
D R Horton Inc
Bought by
Atwater Waterfront Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,202,000
Interest Rate
3.7%
Mortgage Type
Commercial
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.

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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.

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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.

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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.

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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
Rakes Michael Lane $817,000 None Available
Rakes Michael Lane $817,000 None Listed On Document
Nest Homes Llc $280,000 None Available
Nest Homes Llc -- None Listed On Document
Atwater Waterfront Llc $2,275,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rakes Michael Lane $653,243
Closed Rakes Michael Lane $653,243
Previous Owner Nest Homes Llc $571,184
Previous Owner Atwater Waterfront Llc $2,202,000
Source: Public Records

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 $9,254 $914,030 $400,000 $514,030
2023 $9,194 $914,030 $400,000 $514,030
2022 $7,585 $662,630 $367,500 $295,130
2021 $4,107 $367,500 $367,500 $0
2020 $4,107 $367,500 $367,500 $0
Source: Public Records

Map

North Carolina Iredell County Mooresville 28117

124 Preston Rd, Mooresville, NC

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