NOT LISTED FOR SALE

170 Penicillin Point Troutman, NC 28166

Estimated Value: $829,000 - $969,035

2 Beds
2.5 Baths
2,008 Sq Ft
$446/Sq Ft Est. Value

Last Sold November 19, 2021

Last sale price $752,500 $375 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,116/month

85 Days on Market

Highlights

  • Waterfront
  • Wood Flooring
  • Walk-In Closet
  • Traditional Architecture
  • Circular Driveway

About This Home

As of November 2021

5 min pro video walking you around the property & through the house. Copy and paste: https://player.vimeo.com/video/584876060 Seldom do properties like this one hit the market. Often they are quietly sold to family or close friends. Boasting 350' of shoreline & deep water, this home is reminiscent of Lake Norman days gone by where homes were shared from generation to generation. There are 1140 sq ft of outdoor living areas. Relax on the covered porch, middle deck or lower patio & enjoy the spectacular views & calmness that being on the water can provide. Fish or boat from the covered dock w/its 2 boat slips & 2 lifts, or hang out on the huge fixed pier. The immaculate 2 bed/2.5 bath home is perfect for a first home on the lake, a weekend retreat, or downsize &enjoy the water. This property has NO HOA, & there is an area to park your RV or boat trailers. Escape the noise, traffic, & chaos, & enter the peaceful,serene side of the lake near the state park where the deer & wildlife play.

Last Agent to Sell the Property

Warren Greenlee

NorthGroup Real Estate LLC License #179699 Listed on: 08/09/2021

NorthGroup Real Estate LLC

Last Buyer's Agent

Non Member

Canopy Administration

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1972

Lot Details

  • Waterfront
  • Irrigation

Home Design

  • Traditional Architecture
  • Vinyl Siding

Flooring

  • Wood
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Parking

  • Circular Driveway
  • Gravel Driveway

Schools

  • Troutman Elementary And Middle School
  • South Iredell High School

Utilities

  • Heating System Uses Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4629-61-2464.000

Home Details

Home Type

Single Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Traditional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.94063
  • Ratio Close Price By Original Li: 0.88529
  • Ratio Current Price By Acre: 1157692.31
  • Ratio Current Price By Sq Ft: 374.75
  • Year Built: 1972
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 2
  • Equipment: Ceiling Fan(s), Gas Dryer Hookup, Gas Range, Microwave, Propane, Refrigerator
  • Flooring: Carpet, Linoleum, Tile, Wood
  • Interior Amenities: Vaulted Ceiling, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Basement, Laundry Room
  • Room Count: 2
  • Sq Ft Additional: 1140
  • Sq Ft Basement: 1004
  • Main Level Sq Ft: 1004
  • Total Sq Ft: 2008

Exterior Features

  • Construction: Brick Partial, Vinyl
  • Construction Type: Site Built
  • Exterior Features: In-Ground Irrigation

Garage/Parking

  • Driveway: Circular, Gravel
  • Parking: Carport - 1 Car, Parking Space - 4+, RV Parking

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Propane
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Gas

Schools

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

Lot Info

  • Lot Dimension: 304'Rdx156'x359' WFx67'
  • Lot Features: Lake, Views, Water view, Waterfront, Year Round View
  • Lot Size Area: 0.650
  • Parcel Number: 4629-61-2464.000
  • Plat Book Slide: 13/64
  • Zoning Specification: R20

Tax Info

  • Tax Value: 375630.00
  • Tax Location: Iredell

MLS Schools

  • Elementary School: Troutman
  • High School: South Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2021
Closed on
Nov 19, 2021
Sold by
Steadman Kara Leigh and Steadman Thomas Bruce
Bought by
Norris Jeffrey W and Norris Family Trust
Seller's Agent
Warren Greenlee
NorthGroup Real Estate LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$799,999
Sold Price
$752,500
Premium/Discount to List
-$47,499
-5.94%
Current Estimated Value
$895,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,759
Avg. Annual Appreciation
4.62%

Purchase Details

Closed on
Apr 13, 2021
Sold by
Sloan Patricia Sherrill
Bought by
Sloan Patricia Sherrill and Steadman Kara Leigh

Purchase Details

Closed on
Feb 1, 1997

Purchase Details

Closed on
Jun 1, 1977

Purchase Details

Closed on
Jun 1, 1970
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
Norris Jeffrey W $752,500 None Available
Sloan Patricia Sherrill $4,000 None Available
Sloan Patricia Sherrill -- Davidson Benbow
-- $165,000 --
-- $8,000 --
-- -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2021 11/19/21 Sold $752,500 -5.9% $375 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
10/29/2021 10/29/21 For Sale $799,999 0.0% $398 / Sq Ft
10/10/2021 10/10/21 Pending -- -- --
10/06/2021 10/06/21 Price Changed $799,999 -5.9% $398 / Sq Ft
08/09/2021 08/09/21 For Sale $850,000 -- $423 / 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 $4,671 $768,580 $450,000 $318,580
2023 $4,671 $768,580 $450,000 $318,580
2022 $2,455 $375,630 $270,000 $105,630
2021 $2,413 $375,630 $270,000 $105,630
2020 $2,413 $375,630 $270,000 $105,630
2019 $2,319 $375,630 $270,000 $105,630
2018 $2,196 $358,780 $270,000 $88,780
2017 $2,196 $358,780 $270,000 $88,780
2016 $2,196 $358,780 $270,000 $88,780
2015 $2,221 $358,780 $270,000 $88,780
2014 $2,080 $364,660 $270,000 $94,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3769763

Canopy MLS (Canopy Realtor® Association)

APN: 4629-61-2464.000