NOT LISTED FOR SALE

163 Magnolia Farms Ln Unit 56 Mooresville, NC 28117

Lake Norman Neighborhood

Estimated Value: $1,005,000 - $1,235,000

0.83 Acre
$1,306,331 Price per Acre
36,155 Sq Ft Lot

Last Sold December 05, 2013

Last sale price $55,000

Est. 1,871% increase in value since last sale

Current estimated payment $6,382/month

73 Days on Market

Highlights

  • Clubhouse
  • Wooded Lot
  • Tennis Courts
  • Woodland Heights Elementary School Rated A-
  • Community Pool

About This Lot

As of December 2013

Great level, wooded building lot on Cul-De-Sac street, minimal site work, good drainage. Has been "Perked" for 3 Bedrooms in the past (needs update). Near Pool, Tennis center, Boat Storage & Hager Creek public boat launching area. Low Iredell County taxes with the benefit of Terrific South Iredell Schools. Almost every type of retail store imaginable is available close by. What's not to Love?

Last Agent to Sell the Property

Marie Conway

RE/MAX Executive License #215630 Listed on: 08/12/2013

RE/MAX Executive

Last Buyer's Agent

Richard Tomasini

EXP Realty LLC License #252700

EXP Realty LLC

Property Details

Property Type

  • Land

Lot Details

HOA Fees

  • $123 Monthly HOA Fees

Additional Features

  • Wooded Lot
  • Crawl Space

Listing and Financial Details

  • Assessor Parcel Number 4626-74-5871.000

Community Details

Overview

  • Neighborhood Management Assoc. Association, Phone Number (704) 679-5512

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Community Playground
  • Community Pool

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$123 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.93220
  • Ratio Close Price By Original Li: 0.93220
  • Ratio Current Price By Acre: 66265.06
  • Restrictions: Manufactured Home Not Allowed, Modular Not Allowed, Architectural Review, Square Feet
  • Foundation Details Proposed: Crawl Space
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • H O A Management Phone: 704-679-5512

Utilities

  • Sewer: Septic Tank
  • Water: Community Well

Condo/Co-op/Association

  • Community Features: Recreation Area, Tennis Court(s), Club House, Playground, Outdoor Pool
  • Association Fee: 1475.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Neighborhood Management Assoc.
  • Hoa Subject To Dues: Mandatory
  • HOA Subject to Dues YN: Yes

Schools

  • Elementary School: Woodland Heights
  • Middle School: BRAWLEY
  • High School: Lake Norman

Lot Info

  • Lot Dimension: 125 X 290
  • Lot Features: Wooded
  • Lot Size Area: 0.830
  • Lot Size Units: Acres
  • Parcel Number: 4626-74-5871.000
  • Zoning Specification: Ra
  • Plat Book Slide: 43
  • Plat Reference Section Pages: 46-47

Tax Info

  • Tax Value: 49000.00
  • Tax Location: Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2023
Sold by
Emery and Willis
Bought by
Emery Family Trust and Emery
Current Estimated Value
$1,084,255

Purchase Details

Closed on
Apr 4, 2023
Sold by
Porter James Gary and Porter Connie
Bought by
Emery Angela and Emery Willis

Purchase Details

Listed on
Aug 12, 2013
Closed on
Dec 5, 2013
Sold by
Hanusa William and Hanusa Marlene
Bought by
Porter James Gary and Porter Connie
Seller's Agent
Marie Conway
RE/MAX Executive
Buyer's Agent
Richard Tomasini
EXP Realty LLC
List Price
$59,000
Sold Price
$55,000
Premium/Discount to List
-$4,000
-6.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.56%

Purchase Details

Closed on
Sep 7, 2006
Sold by
Johnson Chad and Johnson Jennifer
Bought by
Hanusa William and Hanusa Marlene

Purchase Details

Closed on
Feb 4, 2004
Sold by
Advance Builders Inc
Bought by
Johnson Chad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
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
Emery Family Trust -- None Listed On Document
Emery Angela $975,000 None Listed On Document
Porter James Gary $55,000 None Available
Hanusa William $65,000 None Available
Johnson Chad $54,000 --
Advance Builders Inc $54,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Porter James Gary $225,000
Previous Owner Porter James Gary $432,000
Previous Owner Johnson Chad $467,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2013 12/05/13 Sold $55,000 -6.8% --
10/24/2013 10/24/13 Pending -- -- --
08/12/2013 08/12/13 For Sale $59,000 -- --
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 $4,356 $685,290 $105,000 $580,290
2023 $4,103 $685,290 $105,000 $580,290
2022 $3,154 $493,110 $63,000 $430,110
2021 $3,150 $493,110 $63,000 $430,110
2020 $3,150 $493,110 $63,000 $430,110
2019 $3,101 $493,110 $63,000 $430,110
2018 $2,990 $491,770 $49,000 $442,770
2017 $2,990 $491,770 $49,000 $442,770
2016 $2,985 $490,870 $49,000 $441,870
2015 $1,616 $261,810 $49,000 $212,810
2014 -- $49,000 $49,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR2173410

Canopy MLS (Canopy Realtor® Association)

APN: 4626-74-5871.000