NOT LISTED FOR SALE

188 Forest Lake Ct Mount Gilead, NC 27306

Estimated Value: $1,342,451 - $1,606,000

4 Beds
4.5 Baths
4,721 Sq Ft
$303/Sq Ft Est. Value

Last Sold July 17, 2020

Last sale price $740,000 $157 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $7,920/month

177 Days on Market

Highlights

  • Whirlpool in Pool
  • Waterfront
  • Traditional Architecture
  • Gated Community
  • Community Lake
  • Wood Flooring

About This Home

As of July 2020

Relaxed Waterfront Luxury! This home is perfect for Lake Living w/ an abundance of windows, covered porch & patio overlooking the lake! With 4 bedrooms, 4.5 baths, this home lives large! Master Suite on the Main w/ tray ceiling & waterfront view! Master Bath w/ huge walk-in closet, tile flooring, double vanities, jetted tub & separate shower. Open floor plan- Great Room with gas logs & extra tall ceilings. Kitchen on the main w/ granite countertops, custom cabinetry & SS appliances. Brazilian cherry floors on the Main. Breakfast bar, formal dining area, casual dining areas for both kitchens & areas for al fresco dining overlooking the lake.  Extra-large bonus room over the garage, perfect for overflow guests or even a theatre room! In the walk-out bsmnt you will find a family room, 2nd full kitchen, 2nd Master, workout/rec room & office. Plenty of storage! Deep water (approx 6 ft off boathouse). Located in a gated, upscale community. One of the best values on Lake Tillery! 3 car garage

Last Agent to Sell the Property

Lynn Norman

Lake Tillery Properties LLC License #C27592 Listed on: 11/07/2019

Last Buyer's Agent

Phyllis Kimrey

Kimrey Lash Realty License #159320

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 0.48

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Traditional Architecture

Interior Spaces

  • Tray Ceiling
  • Gas Log Fireplace
  • Storm Doors
  • Oven

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Additional Features

  • Whirlpool in Pool
  • Waterfront

Listing and Financial Details

  • Assessor Parcel Number 6575-07-58-2317

Community Details

Overview

  • Tillery Management Association, Phone Number (704) 474-3518
  • Community Lake

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

HOA Fees

$50 per month

Parking

3

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story/Basement/F.R.O.G.
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.97381
  • Ratio Close Price By Original Li: 0.96116
  • Ratio Current Price By Acre: 1541666.67
  • Ratio Current Price By Sq Ft: 156.75
  • Special Assessment Description: 3600 road assessment - see disclosures
  • Special Assessment Yn: Yes
  • Year Built: 2007
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Inside Entrance, Basement Outside Entrance, Basement Partially Finished
  • Upper Level Sq Ft: 697
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Total Bedrooms: 4
  • Doors and Windows: Storm Door(s)
  • Equipment: Cooktop Electric, Disposal, Dryer, Dishwasher, Electric Range, Microwave, Oven, Refrigerator, Washer, Electric Oven
  • Fireplace Description: Gas Logs, Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Concrete, Tile, Wood
  • H O A Management Phone: 7044743518
  • Interior Amenities: Built-Ins, Pantry, Tray Ceiling, Walk-In Closet(s), Whirlpool
  • Laundry Location: Main, Utility Room
  • Room Count: 3
  • Sq Ft Basement: 1906
  • Main Level Sq Ft: 2118
  • Total Sq Ft: 4721
  • Sq Ft Unheated Main: 2
  • Sq Ft Unheated Total: 2

Exterior Features

  • Construction: Fiber Cement, Stone Veneer
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 3 Car

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: County Water
  • Water Heater: Gas, g-On-Demand Water Heater

Condo/Co-op/Association

  • Community Features: Gated Community, Lake
  • Association Fee: 600.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Tillery Management
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: approx 92 ft waterfront
  • Lot Features: Cul-de-sac Lot, Water view, Waterfront, Year Round View
  • Lot Size Area: 0.480
  • Parcel Number: 6575-07-58-2317
  • Zoning Specification: Res

Tax Info

  • Tax Value: 721100.00
  • Tax Location: Montgomery

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2019
Closed on
Jul 10, 2020
Sold by
Fitzgerald James R and Fitzgeral Marilyn
Bought by
Mills Michael R and Mills Nancy K
Seller's Agent
Lynn Norman
Lake Tillery Properties LLC
Buyer's Agent
Phyllis Kimrey
Kimrey Lash Realty
List Price
$769,900
Sold Price
$740,000
Premium/Discount to List
-$29,900
-3.88%
Current Estimated Value
$1,358,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$618,857
Avg. Annual Appreciation
13.08%
Original Mortgage
$155,500
Outstanding Balance
$139,414
Interest Rate
3.1%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,236,952

Purchase Details

Closed on
Sep 1, 2016
Sold by
Fitzgerald Marilyn J
Bought by
Fitzgerald Marilyn J and James R Fitzgerald And Marilyn J Fitzger

Purchase Details

Closed on
Apr 3, 2008
Sold by
Quickel Development Company Inc
Bought by
Fitzgerald James R and Fitzger Marilyn J

Purchase Details

Closed on
Sep 6, 2006
Sold by
Eldorado Development Corp
Bought by
Quickel Development Co Inc
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
Mills Michael R $740,000 None Available
Fitzgerald Marilyn J -- Attorney
Fitzgerald Marilyn J -- Attorney
Fitzgerald James R $699,000 --
Quickel Development Co Inc $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mills Michael R $155,500
Open Mills Michael R $510,400
Previous Owner Quickel Development Co Inc $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2020 07/17/20 Sold $740,000 -2.6% $157 / Sq Ft
05/02/2020 05/02/20 Pending -- -- --
03/13/2020 03/13/20 Price Changed $759,900 -1.3% $161 / Sq Ft
11/07/2019 11/07/19 For Sale $769,900 -- $163 / 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 $5,163 $788,191 $144,000 $644,191
2023 $5,163 $788,191 $144,000 $644,191
2022 $5,163 $788,191 $144,000 $644,191
2021 $5,163 $788,191 $144,000 $644,191
2020 $5,163 $788,191 $144,000 $644,191
2019 $4,759 $721,100 $192,000 $529,100
2018 $4,759 $721,100 $192,000 $529,100
2017 $4,759 $721,100 $192,000 $529,100
2016 $4,754 $721,100 $192,000 $529,100
2015 $4,399 $721,100 $0 $0
2014 $4,399 $721,137 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3565394

Canopy MLS (Canopy Realtor® Association)

APN: 6575-07-58-2317