NOT LISTED FOR SALE

194 Timber Lake Dr Troutman, NC 28166

Estimated Value: $1,401,000 - $1,827,091

1 Acre
$1,681,523 Price per Acre
43,560 Sq Ft Lot

Last Sold November 14, 2019

Last sale price $261,900

Est. 542% increase in value since last sale

Current estimated payment $9,615/month

247 Days on Market

Highlights

  • Waterfront
  • Community Lake
  • Many Trees

About This Lot

As of November 2019

Waterfront cul-de-sac lot on Lake Norman! 1 acre lot features 140' of shoreline with lot slope ideal for a Walk-out Basement home. Upscale Crescent Community of Falls Cove, with city water & underground utilities. You can bring your own builder, with no time limit to build! Much of the lot has been cleared for you, with plenty of trees remaining for privacy. Enjoy location nearby to (under 2 miles) Lake Norman State Park with it's awesome outdoor activities including mountain bike trails, hiking, lakeside beach area & more! Pool approved. Expired Pier Permit can be renewed. Parkwood Section, lot 631.

Last Agent to Sell the Property

Monica Besecker

Keller Williams Unified License #260162 Listed on: 02/26/2019

Keller Williams Unified

Last Buyer's Agent

Non Member

Canopy Administration

Property Details

Property Type

  • Land

Lot Details

  • Waterfront
  • Many Trees

HOA Fees

  • $71 Monthly HOA Fees

Additional Features

  • Crawl Space
  • Septic Needed

Community Details

  • Csi Property Mgmt Association, Phone Number (704) 897-1386
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 4639-29-5637.000

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$71 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.93536
  • Ratio Close Price By Original Li: 0.83143
  • Ratio Current Price By Acre: 261900.00
  • Restrictions: Architectural Review, Livestock Restriction, Manufactured Home Not Allowed, Modular Not Allowed, Square Feet
  • Restrictions Description: Yes
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Crawl Space
  • H O A Management Phone: 704-897-1386

Utilities

  • Sewer: Septic Needed
  • Water: City Water

Condo/Co-op/Association

  • Community Features: Lake
  • Association Fee: 212.50
  • Association Fee Frequency: Quarterly
  • HOA Management Company: CSI Property Mgmt
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Dimension: 76x65325x139x397
  • Lot Features: Lake, Trees, Water view, Waterfront, Year Round View
  • Lot Size Area: 1.000
  • Parcel Number: 4639-29-5637.000
  • Zoning Specification: RS

Tax Info

  • Tax Value: 260000.00
  • Tax Location: Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2021
Sold by
The Bert Group Llc
Bought by
Goins Brandon Dean
Current Estimated Value
$1,681,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,183,500
Outstanding Balance
$1,075,289
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$606,234

Purchase Details

Listed on
Feb 26, 2019
Closed on
Nov 5, 2019
Sold by
Allen William Greg and Allen Nicole C
Bought by
The Bert Group Llc
Seller's Agent
Monica Besecker
Keller Williams Unified
Buyer's Agent
Non Member
Canopy Administration
List Price
$315,000
Sold Price
$261,900
Premium/Discount to List
-$53,100
-16.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.76%

Purchase Details

Closed on
Sep 5, 2008
Sold by
Falls Cove Development Llc
Bought by
Allen William Greg and Allen Nicole C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,250
Interest Rate
6.48%
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
Goins Brandon Dean $1,315,000 None Available
The Bert Group Llc $262,000 None Available
Allen William Greg $372,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goins Brandon Dean $1,183,500
Previous Owner Allen William Greg $335,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2019 11/14/19 Sold $261,900 -6.5% --
10/31/2019 10/31/19 Pending -- -- --
09/17/2019 09/17/19 Price Changed $280,000 -3.4% --
06/18/2019 06/18/19 Price Changed $290,000 -7.9% --
02/26/2019 02/26/19 For Sale $315,000 -- --
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 $7,861 $1,300,140 $450,000 $850,140
2023 $7,861 $1,300,140 $450,000 $850,140
2022 $4,915 $761,500 $240,000 $521,500
2021 $3,124 $488,990 $240,000 $248,990
2020 $1,506 $240,000 $240,000 $0
2019 $1,446 $240,000 $240,000 $0
2018 $956 $160,000 $160,000 $0
2017 $956 $160,000 $160,000 $0
2016 $956 $160,000 $160,000 $0
2015 $956 $160,000 $160,000 $0
2014 $880 $160,000 $160,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3478440

Canopy MLS (Canopy Realtor® Association)

APN: 4639-29-5637.000