RENTED MAY 15, 2025

188 Bailey Rd Mooresville, NC 28117

Estimated Value: $156,000 - $271,449

2 Beds
1 Bath
832 Sq Ft
$281/Sq Ft Est. Value

Last Sold December 20, 2024

Last sale price $146,400 $176 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,279/month

Highlights

  • Open Floorplan
  • Laundry closet
  • Central Air
  • Farmhouse Style Home
  • 1-Story Property

About This Home

As of May 2025

Modern Farmhouse Cottage Home in Lake Norman Area on a level 1 acre of property. Quartz Kitchen countertop and stainless steel appliances. Free standing soaking tub and a tiled shower with glass door. 2025 HVAC, 2025 Roof. The land value alone makes this a great property. Beautiful New Residential DR Horton subdivision being constructed next door. Great location close to Stumpy Creek Park (boat launch and Park on Lake Norman), Cornelius Road Park (Tennis courts, soccer fields and walking trails. Tons of shopping and restaurants on Route 150 and Downtown Mooresville and much more. Easy access to I-77, exit 36 and 42. No HOA!

Last Agent to Rent the Property

Freddy Karmatz

FK and Associates Real Estate Firm Brokerage Email: freddy@fkandassociates.com License #282367 Listed on: 04/25/2025

Last Renter's Agent

Non Member

Canopy Administration

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1962

Lot Details

  • Property is zoned RA

Parking

  • Driveway

Home Design

  • Farmhouse Style Home
  • Modern Architecture
  • Bungalow

Interior Spaces

  • 832 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Furniture Can Be Negotiated
  • Crawl Space
  • Laundry closet

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Security Deposit $2,000
  • Property Available on 4/25/25
  • Tenant pays for all utilities, exterior maintenance, trash collection
  • 12-Month Minimum Lease Term
  • Assessor Parcel Number 4658-46-9770.000

Home Details

Home Type

Single Family

Year Built

Built in 1962

Lot Details

0

Rental Info

  • Tenant Pays: All Utilities, Exterior Maintenance, Trash Collection
  • Furnished: Negotiable
  • Pets Allowed: Conditional
  • Lease Term: 12 Months
  • Available Date: 2025-04-25
  • Security Deposit: 2000
  • Application Fee: 0

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow, Farmhouse, Modern
  • Year Built: 1962
  • Road Surface Type: Dirt, Gravel, Paved
  • Unit Levels: One
  • ResoPropertyType: ResidentialLease
  • Ratio CurrentPrice/TotalPropertyHLA: 2.04
  • Geocode Confidence: High
  • Attribution Contact: freddy@fkandassociates.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 832
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave
  • Above Grade Finished Sq Ft: 832
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 832
  • Bedroom Main: 2

Exterior Features

  • Exterior Features: Storage

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Laundry Closet
  • Cooling: Central Air
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 4658-46-9770.000
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RA

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 1986
Current Estimated Value
$233,862

Purchase Details

Closed on
Jun 1, 1977

Purchase Details

Closed on
Jun 1, 1968
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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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
-- -- --
-- -- --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2025 05/15/25 Rented $1,695 0.0% --
05/07/2025 05/07/25 Price Changed $1,695 -4.5% $2 / Sq Ft
05/05/2025 05/05/25 Price Changed $1,775 -1.1% $2 / Sq Ft
05/02/2025 05/02/25 Price Changed $1,795 -3.0% $2 / Sq Ft
04/27/2025 04/27/25 Price Changed $1,850 -1.3% $2 / Sq Ft
04/25/2025 04/25/25 For Rent $1,875 0.0% --
12/20/2024 12/20/24 Sold $146,400 -8.5% $176 / Sq Ft View Prior Sale
11/21/2024 11/21/24 For Sale $160,000 -- $192 / 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
2025 $667 $102,870 $37,050 $65,820
2024 $667 $102,870 $37,050 $65,820
2023 $667 $102,870 $37,050 $65,820
2022 $540 $76,520 $31,350 $45,170
2021 $536 $76,520 $31,350 $45,170
2020 $536 $76,520 $31,350 $45,170
2019 $257 $76,520 $31,350 $45,170
2018 $243 $72,570 $31,350 $41,220
2017 $244 $72,570 $31,350 $41,220
2016 $244 $72,570 $31,350 $41,220
2015 $244 $72,570 $31,350 $41,220
2014 $239 $76,310 $31,350 $44,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4251234

Canopy MLS (Canopy Realtor® Association)

APN: 4658-46-9770.000