NOT LISTED FOR SALE

159 Butternut Rd Troutman, NC 28166

Estimated Value: $748,000 - $906,000

3 Beds
2.5 Baths
2,016 Sq Ft
$405/Sq Ft Est. Value

Last Sold April 28, 2021

Last sale price $577,000 $286 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,642/month

Highlights

  • Waterfront
  • Community Lake
  • Breakfast Bar
  • Open Floorplan
  • Attached Garage
  • Tile Flooring

About This Home

As of April 2021

Highly sought-after Morrison Farm Road peninsula area. Lovely sunrise views from the oversized, covered back porch & moon views in the evening. Large water as well facing east up Skippers channel. Over 225' of shoreline footage with heavy duty rip-rap shoreline, enclosed boat house with lift and floating dock for your lake time fun! The value is in the land and the possibilities of a true cabin feel, but does need some TLC and up-fitting. 3 bedroom septic, although home in current configuration has just 2 bedrooms. For the handyman at heart, this could be just for you! Endless possibilities!

Last Agent to Sell the Property

Rebecca Boan

Howard Hanna Allen Tate Mooresville/LKN License #210269 Listed on: 03/29/2021

Howard Hanna Allen Tate Mooresville/LKN

Last Buyer's Agent

Non Member

Canopy Administration

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1977

Lot Details

  • Waterfront

Parking

  • Attached Garage

Home Design

  • Cabin

Interior Spaces

  • Open Floorplan
  • Gas Log Fireplace
  • Tile Flooring
  • Breakfast Bar

Utilities

  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 4629-81-4966.000

Home Details

Home Type

Single Family

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Cabin
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.96167
  • Ratio Close Price By Original Li: 0.96167
  • Ratio Current Price By Acre: 634065.93
  • Ratio Current Price By Sq Ft: 286.21
  • Year Built: 1977
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Inside Entrance, Basement Outside Entrance, Basement Partially Finished, Block
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Cable Prewire, Ceiling Fan(s), Dishwasher, Disposal, Gas Range, Ice Maker Connection, Microwave, Network Ready, Propane
  • Fireplace Description: Gas Logs, Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Interior Amenities: Breakfast Bar, Cable Available, Open Floorplan, Vaulted Ceiling
  • Laundry Location: Main, Laundry Room, Utility Room
  • Room Count: 2
  • Lower Level Sq Ft: 1008
  • Main Level Sq Ft: 1008
  • Total Sq Ft: 2016

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, Wired Internet Available

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car, Garage Door Opener, Side Load Garage

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Lake

Schools

  • Elementary School: Troutman
  • Middle School: Troutman
  • High School: South Iredell

Lot Info

  • Lot Dimension: 229RFx157x227WFx259
  • Lot Features: Lake, Lake Access, Long Range View, Paved Frontage, Views, Water view, Waterfront, Year Round View
  • Lot Size Area: 0.910
  • Parcel Number: 4629-81-4966.000
  • Zoning Specification: R20

Tax Info

  • Tax Value: 428860.00
  • Tax Location: Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
Apr 28, 2021
Sold by
Tsitouris Patsy J and Langdon Tamara Tsitouris
Bought by
Brooks Edward L and Brooks Shana
Seller's Agent
Rebecca Boan
Howard Hanna Allen Tate Mooresville/LKN
Buyer's Agent
Non Member
Canopy Administration
List Price
$600,000
Sold Price
$577,000
Premium/Discount to List
-$23,000
-3.83%
Current Estimated Value
$816,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,205
Avg. Annual Appreciation
8.18%
Original Mortgage
$457,000
Outstanding Balance
$414,399
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$401,806

Purchase Details

Closed on
Feb 14, 2003
Sold by
Dockery Charles S and Dockery Kimberly B
Bought by
Tsitouris Steve P and Tsitouris Patsy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 1990

Purchase Details

Closed on
Jun 1, 1978
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
Brooks Edward L $577,000 None Available
Tsitouris Steve P $265,000 --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brooks Edward L $457,000
Previous Owner Tsitouris Steve P $425,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2021 04/28/21 Sold $577,000 -3.8% $286 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $600,000 -- $298 / 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 $3,968 $651,320 $450,000 $201,320
2023 $3,968 $651,320 $450,000 $201,320
2022 $2,794 $428,860 $315,000 $113,860
2021 $2,747 $428,860 $315,000 $113,860
2020 $2,747 $428,860 $315,000 $113,860
2019 $2,640 $428,860 $315,000 $113,860
2018 $2,608 $427,860 $315,000 $112,860
2017 $2,608 $427,860 $315,000 $112,860
2016 $2,608 $427,860 $315,000 $112,860
2015 $2,680 $427,860 $315,000 $112,860
2014 $2,521 $435,240 $315,000 $120,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3719763

Canopy MLS (Canopy Realtor® Association)

APN: 4629-81-4966.000