$960,000
SOLD OCT 29, 2024

195 Paradise Peninsula Rd Mooresville, NC 28117

Lake Norman Neighborhood
4 Beds
2.5 Baths
2,297 Sq Ft
0.6 Acres

Recently Sold

$418 Per Sq Ft

17% Below List Price

76 Days on Market

Highlights

  • Water Views
  • Covered Dock
  • Deck
  • Lakeshore Elementary School Rated A-
  • Pier
  • Traditional Architecture

About This Home

As of October 2024

Discover a rare chance to own a charming waterfront home on a stunning .6 acre lot in Mooresville. This property offers breathtaking views, deep water access, and a large covered deck and side porches for amazing outdoor living opportunities. The expansive covered dock accommodates multiple watercraft and provides ample space for lake toys. The upper level features hand-selected tongue and groove floors, adding to the historic charm. With a unique grandfathered multiple address situation, the lower level can be used as a separate rental property, offering an independent kitchen, laundry, and utilities. This versatile home is perfect for living on one level and renting out the other or renovating to create your dream home. Don’t miss this unique Lake Norman opportunity!

Last Agent to Sell the Property

Angela Gribbins

Premier South Brokerage Phone: 704-740-6957 License #198514 Listed on: 07/04/2024

Premier South

Last Buyer's Agent

Kristin Hildebrand

RE/MAX Properties Plus, Inc. License #327243

RE/MAX Properties Plus, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,663

Year Built

  • Built in 1978

Lot Details

  • Lot Dimensions are 137x170x148x191
  • Property is zoned RR

Home Design

  • Traditional Architecture
  • Bi-Level Home

Interior Spaces

  • Wood Burning Fireplace
  • Insulated Windows
  • Entrance Foyer
  • Great Room with Fireplace
  • Water Views
  • Pull Down Stairs to Attic
  • Laundry Room

Kitchen

  • Electric Range
  • Plumbed For Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Natural lighting in basement

Parking

  • Detached Carport Space
  • Circular Driveway

Outdoor Features

  • Pier
  • Covered Dock
  • Deck
  • Covered Patio or Porch
  • Outbuilding

Additional Homes

  • Separate Entry Quarters

Schools

  • Lakeshore Elementary And Middle School
  • Lake Norman High School

Utilities

  • Central Heating and Cooling System
  • Air Filtration System
  • Vented Exhaust Fan
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Crescent Land And Timber Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4627-68-9504.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,663

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1978
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Second Living Quarters: Separate Kitchen Facilities,Separate Living Quarters,Separate Utilities
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: Split Entry (Bi-Level)
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 417.94
  • Property Sub Type Additional: None
  • Geocode Confidence: High
  • Attribution Contact: 704-740-6957
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Vinyl, Wood
  • Interior Amenities: Attic Stairs Pulldown, Cable Prewire, Entrance Foyer
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1201
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Exhaust Fan, Filtration System, Plumbed For Ice Maker
  • Above Grade Finished Sq Ft: 1201
  • Has Basement: Daylight, Exterior Entry, Finished, Full, Interior Entry, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1096
  • Door Features: Sliding Doors
  • Fireplace Features: Great Room, Wood Burning
  • Living Area: 2297
  • Window Features: Insulated Window(s)
  • Bedroom Main: 2
  • Room Count: 14
  • Bedroom Basement: 2

Exterior Features

  • Exterior Features: Dock, Storage
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Water, Year Round
  • Water Body Name: Lake Norman
  • Waterfront Features: Covered structure, Dock, Pier
  • Construction Type: Fiber Cement
  • Other Structures: Outbuilding
  • Patio And Porch Features: Covered, Deck, Porch, Rear Porch, Side Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Spaces: 3
  • Carport Y N: Yes
  • Covered Parking Spaces: 3
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Detached Carport, Circular Driveway, Driveway

Utilities

  • Heating: Central, Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Laundry Closet, Multiple Locations
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air, Heat Pump
  • Utilities: Cable Available, Cable Connected, Electricity Connected, Satellite Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Area: 0.6
  • Lot Size Units: Acres
  • Parcel Number: 4627-68-9504.000
  • Zoning: RR
  • Plat Book Slide: 15/20
  • Lot Size: 137x170x148x191
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RR

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Lakeshore
  • High School: Lake Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2024
Closed on
Oct 29, 2024
Sold by
Hammett Land & Minerals Llc
Bought by
Lambert Lucas A and Lambert Jamie B
Seller's Agent
Angela Gribbins
Premier South
Buyer's Agent
Kristin Hildebrand
RE/MAX Properties Plus, Inc.
List Price
$1,150,000
Sold Price
$960,000
Premium/Discount to List
-$190,000
-16.52%
Views
53
Current Estimated Value
$1,077,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,108
Avg. Annual Appreciation
13.97%
Original Mortgage
$720,000
Outstanding Balance
$713,662
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$363,446

Purchase Details

Listed on
Apr 21, 2021
Closed on
Jun 30, 2021
Sold by
Mattox J Pressly and Estate Of Daniel Lee Scott
Bought by
Hammett Land & Minerals Llc
Seller's Agent
Michael Morgan
RE/MAX Executive
Buyer's Agent
Angela Gribbins
Premier South
List Price
$850,000
Sold Price
$785,000
Premium/Discount to List
-$65,000
-7.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.23%

Purchase Details

Closed on
Apr 29, 2013
Sold by
Mildred Scott Somers Testamentary Trust and Stout Sherri
Bought by
Scott Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 1978
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 Type Sale Price Title Company
Warranty Deed $960,000 None Listed On Document
Warranty Deed $785,000 None Available
Warranty Deed $213,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $720,000 New Conventional
Previous Owner $855,000 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $205,750 New Conventional
Previous Owner $169,800 New Conventional
Previous Owner $167,650 New Conventional
Previous Owner $169,825 New Conventional
Previous Owner $168,000 New Conventional
Previous Owner $167,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Sold $960,000 -4.0% $418 / Sq Ft
09/17/2024 09/17/24 Price Changed $1,000,000 -4.8% $435 / Sq Ft
08/29/2024 08/29/24 Price Changed $1,050,000 -4.5% $457 / Sq Ft
07/22/2024 07/22/24 Price Changed $1,100,000 -4.3% $479 / Sq Ft
07/04/2024 07/04/24 For Sale $1,150,000 +46.5% $501 / Sq Ft
06/30/2021 06/30/21 Sold $785,000 -7.6% $328 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
04/21/2021 04/21/21 For Sale $850,000 -- $355 / 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 $5,663 $893,500 $600,000 $293,500
2023 $5,332 $893,500 $600,000 $293,500
2022 $3,434 $538,330 $350,000 $188,330
2021 $3,261 $510,780 $350,000 $160,780
2020 $3,261 $510,780 $350,000 $160,780
2019 $3,108 $510,780 $350,000 $160,780
2018 $2,679 $439,690 $325,000 $114,690
2017 $2,679 $439,690 $325,000 $114,690
2016 $2,679 $439,690 $325,000 $114,690
2015 $2,679 $439,690 $325,000 $114,690
2014 $2,536 $447,620 $325,000 $122,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4156637

Canopy MLS (Canopy Realtor® Association)

APN: 4627-68-9504.000