NOT LISTED FOR SALE

127 Forest Lake Ct Unit 51 Mount Gilead, NC 27306

Estimated Value: $1,126,000 - $1,257,000

4 Beds
3.5 Baths
2,912 Sq Ft
$401/Sq Ft Est. Value

Last Sold October 17, 2019

Last sale price $772,500 $265 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $6,707/month

381 Days on Market

Highlights

  • Newly Remodeled
  • Waterfront
  • Community Lake
  • Gated Community
  • Open Floorplan
  • Traditional Architecture

About This Home

As of October 2019

Newly Built! Beautiful open floor plan with 4 bedrooms, 3 1/2 baths. This floor plan by Donald Gardner (the Silvergate), is modified somewhat. The plan is reversed, master extended toward the lake. Master bath features a shower and closets are larger. The "study" has been opened up and turned into a dining room. Gutters feature leaf guards for low-maintenance lake living! All drawers and cabinets are soft-close. Mantle above the fireplace is over 150 years old and came from an old steel mill in NC that went out of business in 1869! Basement rec room has an option to install a kitchenette/wet bar (the wall that juts into the storage area has plumbing, sewer, and electrical right behind it). The basement features 505 ft storage room that is heated/cooled but unfinished. 800 square foot boathouse and irrigation included.

Last Agent to Sell the Property

Lynn Norman

Lake Tillery Properties LLC License #C27592 Listed on: 03/27/2018

Last Buyer's Agent

Janie Jordan

Land of the Pines

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • Waterfront

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Gas Log Fireplace
  • Insulated Windows
  • Attic Fan
  • Kitchen Island

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet

Listing and Financial Details

  • Assessor Parcel Number 6575-07-58-2477

Community Details

Overview

  • Mike King/Robbie Cohen Association, Phone Number (910) 439-4531
  • Built by Daniel Adams Constriuction
  • Community Lake

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$50 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Traditional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.98533
  • Ratio Close Price By Original Li: 0.96683
  • Ratio Current Price By Acre: 1379464.29
  • Ratio Current Price By Sq Ft: 265.28
  • Special Assessment Description: Duke Energy Waterfront Lease
  • Year Built: 2018
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Foundation Details: Basement
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Doors and Windows: Insulated Windows
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Gas, Dishwasher, Microwave, Wall Oven
  • Fireplace Description: Gas Logs, Gas Vented, Great Room, Propane
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl, Wood
  • H O A Management Phone: 910-439-4531
  • Interior Amenities: Attic Fan, Kitchen Island, Open Floorplan, Walk-In Closet(s)
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Sq Ft Basement: 1228
  • Main Level Sq Ft: 1684
  • Total Sq Ft: 2912
  • Sq Ft Unheated Basement: 570
  • Sq Ft Unheated Total: 570

Exterior Features

  • Construction: Stone Veneer, Vinyl
  • Construction Type: Site Built
  • New Construction: Yes

Garage/Parking

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

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat, Multizone A/C, MultiZone Heat
  • Sewer: County Sewer
  • Water: County Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Gated Community, Lake
  • Association Fee: 600.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Mike King/Robbie Cohen
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Dimension: Approx 95 ft waterfront
  • Lot Features: Waterfront, Water view, Paved Frontage, Sloping, Year Round View
  • Lot Size Area: 0.560
  • Parcel Number: 6575-07-58-2477
  • Zoning Specification: Res 1

Building Info

  • Builder Name: Daniel Adams Constriuction

Tax Info

  • Tax Value: 210000.00
  • Tax Location: Montgomery

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2024
Sold by
Ouellet Simon Pierre
Bought by
Crawford Christopher Myles and Webb Stephen P
Current Estimated Value
$1,142,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$998,750
Outstanding Balance
$991,881
Interest Rate
6.86%
Mortgage Type
Construction
Estimated Equity
$136,586

Purchase Details

Closed on
Jan 20, 2021
Sold by
Jordan Lumber & Supply Inc
Bought by
Ouellet Simon Pierre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 27, 2018
Closed on
Oct 10, 2019
Sold by
Lake Tillery Development Llc
Bought by
Jordan Lumber & Supply Inc
Seller's Agent
Lynn Norman
Lake Tillery Properties LLC
Buyer's Agent
Janie Jordan
Land of the Pines
List Price
$799,000
Sold Price
$772,500
Premium/Discount to List
-$26,500
-3.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.73%

Purchase Details

Closed on
Jul 26, 2017
Sold by
Btr Land And Timber Company Llc
Bought by
Lake Tillery Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.88%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Crawford Christopher Myles $1,175,000 None Listed On Document
Ouellet Simon Pierre $700,000 None Available
Jordan Lumber & Supply Inc $772,500 None Available
Lake Tillery Development Llc $180,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crawford Christopher Myles $998,750
Previous Owner Ouellet Simon Pierre $548,250
Previous Owner Lake Tillery Development Llc $760,000
Previous Owner Lake Tillery Development Llc $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2019 10/17/19 Sold $772,500 -1.5% $265 / Sq Ft
04/12/2019 04/12/19 Pending -- -- --
03/21/2019 03/21/19 Price Changed $784,000 -0.6% $269 / Sq Ft
01/15/2019 01/15/19 Price Changed $789,000 -1.3% $271 / Sq Ft
03/27/2018 03/27/18 For Sale $799,000 -- $274 / 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 $4,786 $730,757 $142,800 $587,957
2023 $4,786 $730,757 $142,800 $587,957
2022 $4,786 $730,757 $142,800 $587,957
2021 $4,786 $730,757 $142,800 $587,957
2020 $4,786 $730,757 $142,800 $587,957
2018 $1,386 $210,000 $210,000 $0
2017 $1,386 $210,000 $210,000 $0
2016 $1,386 $210,000 $210,000 $0
2015 $1,281 $210,000 $0 $0
2014 $1,281 $210,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3374220

Canopy MLS (Canopy Realtor® Association)

APN: 6575-07-58-2477