NOT LISTED FOR SALE

188 Timberlake Ct Mount Gilead, NC 27306

Estimated Value: $1,382,000 - $1,619,758

5 Beds
3.5 Baths
3,452 Sq Ft
$426/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $1,450,000 $420 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,216/month

5 Days on Market

Highlights

  • RV or Boat Storage in Community
  • Waterfront
  • Community Lake
  • Gated Community
  • Open Floorplan
  • Engineered Wood Flooring

About This Home

As of July 2021

Exceptional Custom Waterfront Home with Exquisite Amenities! This Southern Low Country style home was designed & crafted for lake living! Upon entry you will note the spacious main level with walls of glass, white pine v-groove cathedral ceiling, custom kitchen cabinetry with large center island & separate wine bar, large open dining area, fireplace with generous cabinets, all overlooking a marvelous screened in porch and open deck with HUGE lakefront views. Main floor owner’s suite facing the lake with over-the-top bathroom & walk-in closets. The finished basement features 4 guest bedrooms most have a lake view, and 2 baths, impressive den with wet bar and beverage cooler. Large covered patio & beautiful sidewalk leading to a large 2-slip boathouse with composite decking. Beautiful landscaping, and seawall together with a 2 car garage and so many extra amenities. Sound system, special guttering, huge cedar post and corbels. Winner of the 2017 Best Single-Family Detached Home Award!

Last Agent to Sell the Property

Lynn Norman

Lake Tillery Properties LLC License #159889 Listed on: 06/16/2021

Last Buyer's Agent

Matt Perkins

Mooresville Realty LLC License #308053

Mooresville Realty LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2017

Lot Details

  • Waterfront
  • Level Lot
  • Irrigation

HOA Fees

  • $60 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Stone Siding

Interior Spaces

  • Open Floorplan
  • Wet Bar
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Insulated Windows
  • Window Treatments

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Kitchen Island

Flooring

  • Engineered Wood
  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • Walk-In Closet
  • Garden Bath

Utilities

  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 6575-11-56-3919

Community Details

Overview

  • Tillery Management Association, Phone Number (704) 474-3518
  • Built by Danny Adams Construction
  • Community Lake

Recreation

  • RV or Boat Storage in Community

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2017

Lot Details

0

HOA Fees

$60 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Ratio Close Price By List Price: 0.98305
  • Ratio Close Price By Original Li: 0.98305
  • Ratio Current Price By Acre: 3152173.91
  • Ratio Current Price By Sq Ft: 420.05
  • Special Assessment Description: Duke Energy Waterfront Lease
  • Special Assessment Yn: Yes
  • Year Built: 2017
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement, Basement Inside Entrance, Basement Outside Entrance
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 5
  • Doors and Windows: g-Insulated Door(s), Insulated Windows
  • Equipment: Beverage Refrigerator, Cable Prewire, Ceiling Fan(s), CO Detector, Convection Oven, Cooktop Gas, Dishwasher, Disposal, Downdraft Cooktop, Electric Oven, Electric Dryer Hookup, Ice Maker Connection, Microwave, Propane, Refrigerator, Security System
  • Fireplace Description: Gas Logs, Great Room
  • Fireplace: Yes
  • Flooring: Prefinished Wood, Tile, Vinyl Plank
  • H O A Management Phone: 704-474-3518
  • Interior Amenities: Basement Shop, Breakfast Bar, Built-Ins, Cable Available, Cathedral Ceiling(s), Garden Tub, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s), Walk-In Pantry, Wet Bar, Window Treatments
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Sq Ft Basement: 1531
  • Main Level Sq Ft: 1921
  • Total Sq Ft: 3452
  • Sq Ft Unheated Basement: 583
  • Sq Ft Unheated Total: 583

Exterior Features

  • Construction: Fiber Cement, Stone
  • Construction Type: Site Built
  • Exterior Features: In-Ground Irrigation, Underground Power Lines, Wired Internet Available

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car, Keypad Entry, Side Load Garage

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: County Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Gated Community, Lake, RV/Boat Storage, Street Lights
  • Association Fee: 720.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Tillery Management
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Dimension: Approx 140 ft waterfront
  • Lot Features: Lake, Level, Long Range View, Paved Frontage, Views, Waterfront, Year Round View
  • Parcel Number: 6575-11-56-3919
  • Plat Reference Section Pages: E-10B
  • Zoning Specification: Res

Building Info

  • Builder Name: Danny Adams Construction

Tax Info

  • Tax Value: 876957.00
  • Tax Location: Montgomery

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2021
Closed on
Jul 29, 2021
Sold by
Earles Bamett J and Earles Janet L
Bought by
Burns Steven and Burns Davilyn
Seller's Agent
Lynn Norman
Lake Tillery Properties LLC
Buyer's Agent
Matt Perkins
Mooresville Realty LLC
List Price
$1,475,000
Sold Price
$1,450,000
Premium/Discount to List
-$25,000
-1.69%
Current Estimated Value
$1,470,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,586
Avg. Annual Appreciation
0.31%
Original Mortgage
$275,000
Outstanding Balance
$250,172
Interest Rate
2.93%
Mortgage Type
Commercial
Estimated Equity
$1,220,414

Purchase Details

Closed on
Dec 12, 2014
Sold by
Capell Kerry L and Capell Leslie W
Bought by
Earles Barnett J and Earles Janet L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2005
Sold by
Eldoroado Development Corp
Bought by
Capell Kirrry L and Capell Leslie W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Burns Steven $1,450,000 None Available
Earles Barnett J -- None Available
Capell Kirrry L $247,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burns Steven $275,000
Previous Owner Earles Barnett J $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2021 07/29/21 Sold $1,450,000 -1.7% $420 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $1,475,000 -- $427 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $6,223 $876,957 $253,000 $623,957
2024 $62 $876,957 $253,000 $623,957
2023 $6,251 $876,957 $253,000 $623,957
2022 $6,175 $876,957 $253,000 $623,957
2021 $5,744 $876,957 $253,000 $623,957
2020 $5,744 $876,957 $253,000 $623,957
2018 $5,629 $852,845 $276,000 $576,845
2017 $1,822 $276,000 $276,000 $0
2016 $1,822 $276,000 $276,000 $0
2015 $1,684 $276,000 $0 $0
2014 $1,684 $276,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3752256

Canopy MLS (Canopy Realtor® Association)

APN: 6575-11-56-3919