NOT LISTED FOR SALE

132 Potomac Ln Unit 6 Mooresville, NC 28117

Estimated Value: $3,390,000 - $4,499,930

0.65 Acre
$6,350,734 Price per Acre
28,314 Sq Ft Lot

Last Sold November 15, 2021

Last sale price $894,000

Est. 362% increase in value since last sale

Current estimated payment $24,291/month

141 Days on Market

Highlights

  • Waterfront
  • Coddle Creek Elementary School Rated A-
  • Community Lake

About This Lot

As of November 2021

Long Range, Beautiful water views overlooking Lake Norman. Great opportunity to Build your dream home in a private community of only 6 waterfront lots. Off - site septic. Bring your own builder. Close to I-77 and Langtree area restaurants.

Last Agent to Sell the Property

Shelley Johnson

EXP Realty LLC Mooresville License #74534 Listed on: 06/09/2020

EXP Realty LLC Mooresville

Co-Listed By

Craig LePage

EXP Realty LLC Mooresville License #244461

Last Buyer's Agent

Matt Ewers

Grandfather Homes Inc. License #265995

Property Details

Property Type

  • Land

Lot Details

HOA Fees

  • $150 Monthly HOA Fees

Home Design

  • Slab Foundation

Additional Features

  • Crawl Space
  • Waterfront
  • Septic Needed

Community Details

  • Malcolm Blankenship Association
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 4635-97-4387.000

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 1.01131
  • Ratio Close Price By Original Li: 1.01131
  • Ratio Current Price By Acre: 1375384.62
  • Restrictions: Architectural Review, Manufactured Home Not Allowed, Modular Not Allowed, Square Feet
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space, Slab

Utilities

  • Sewer: Septic Needed
  • Water: Well Needed

Condo/Co-op/Association

  • Community Features: Lake
  • Association Fee: 150.00
  • Association Fee Frequency: Monthly
  • HOA Management Company: Malcolm Blankenship
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Dimension: 101WFx346x27x132x256
  • Lot Features: Cul-de-sac Lot, Views, Water view, Waterfront, Year Round View
  • Parcel Number: 4635-97-4387.000
  • Zoning Specification: R20

Tax Info

  • Tax Value: 495000.00
  • Tax Location: Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2020
Closed on
Jan 7, 2022
Sold by
Whitman Kara and Gaetani Joseph
Bought by
Whitman Kara
Seller's Agent
Shelley Johnson
EXP Realty LLC Mooresville
Buyer's Agent
Matt Ewers
Grandfather Homes Inc.
List Price
$884,000
Sold Price
$894,000
Premium/Discount to List
$10,000
1.13%
Current Estimated Value
$4,133,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,239,965
Avg. Annual Appreciation
47.30%
Original Mortgage
$2,215,258
Outstanding Balance
$2,041,903
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$2,086,074

Purchase Details

Listed on
Jun 9, 2020
Closed on
Nov 15, 2021
Sold by
Grandfather Homes Inc
Bought by
Whitman Kara
Seller's Agent
Shelley Johnson
EXP Realty LLC Mooresville
Buyer's Agent
Matt Ewers
Grandfather Homes Inc.
List Price
$884,000
Sold Price
$894,000
Premium/Discount to List
$10,000
1.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,215,258
Outstanding Balance
$2,041,903
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$2,086,074

Purchase Details

Listed on
Jun 9, 2020
Closed on
Nov 5, 2021
Sold by
Timberline A North Carolina Lp
Bought by
Grandfather Homes Inc
Seller's Agent
Shelley Johnson
EXP Realty LLC Mooresville
Buyer's Agent
Matt Ewers
Grandfather Homes Inc.
List Price
$884,000
Sold Price
$894,000
Premium/Discount to List
$10,000
1.13%
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
Whitman Kara -- None Available
Whitman Kara $1,250,000 Meridian Title
Grandfather Homes Inc $894,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whitman Kara $2,215,258
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2021 11/15/21 Sold $894,000 +1.1% --
10/28/2020 10/28/20 Pending -- -- --
06/09/2020 06/09/20 For Sale $884,000 -- --
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 $30,035 $4,777,590 $880,000 $3,897,590
2023 $23,095 $3,904,300 $880,000 $3,024,300
2022 $3,106 $495,000 $495,000 $0
2021 $3,106 $495,000 $495,000 $0
2020 $3,106 $495,000 $495,000 $0
2019 $2,958 $495,000 $495,000 $0
2018 $2,585 $440,000 $440,000 $0
2017 $2,585 $440,000 $440,000 $0
2016 $2,585 $440,000 $440,000 $0
2015 $2,563 $440,000 $440,000 $0
2014 $2,332 $440,000 $440,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3629330

Canopy MLS (Canopy Realtor® Association)

APN: 4635-97-4387.000