NOT LISTED FOR SALE

195 Timber Lake Dr Unit 624 Troutman, NC 28166

Estimated Value: $1,641,000 - $2,107,684

1.01 Acres
$1,835,565 Price per Acre
43,996 Sq Ft Lot

Last Sold February 29, 2016

Last sale price $290,000

Est. 539% increase in value since last sale

Current estimated payment $11,137/month

34 Days on Market

About This Lot

As of February 2016

This is the lot you want. Gentle slope with an incredible view and a natural sandy beach. Falls Cove is an upscale neighborhood with underground utilities and this lot is located on a cul-de-sac. There is a lot of construction going on right now and the houses being built are really nice, million dollar plus! This lot has a private pier permit that is being extended and a current 4 bedroom septic permit. Great investment that is priced right. You can build right now or hold it for the future.

Last Agent to Sell the Property

Warren Greenlee

NorthGroup Real Estate LLC License #179699 Listed on: 12/19/2015

NorthGroup Real Estate LLC

Last Buyer's Agent

Jan Cameron

Howard Hanna Allen Tate Lake Norman License #255034

Howard Hanna Allen Tate Lake Norman

Property Details

Property Type

  • Land

Lot Details

  • Waterfront
  • Wooded Lot

HOA Fees

  • $50 Monthly HOA Fees

Basement

  • Crawl Space

Community Details

  • Csi Association, Phone Number (704) 892-6060

Listing and Financial Details

  • Assessor Parcel Number 4639390910

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.96667
  • Ratio Close Price By Original Li: 0.96667
  • Ratio Current Price By Acre: 286278.38
  • Restrictions: Architectural Review, Manufactured Home Not Allowed, Modular Not Allowed, Square Feet
  • Additional Information: Perc Report
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Crawl Space
  • H O A Management Phone: 704-892-6060

Exterior Features

  • Construction Type: Site Built

Utilities

  • Sewer: Septic Tank
  • Water: City Water

Condo/Co-op/Association

  • Association Fee: 600.00
  • Association Fee Frequency: Annually
  • HOA Management Company: CSI
  • Hoa Subject To Dues: Mandatory
  • HOA Subject to Dues YN: Yes

Schools

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

Lot Info

  • Lot Dimension: 126RDx396x145WFx363
  • Lot Features: Waterfront, Lake, Natural Waterfall, Wooded
  • Lot Size Area: 1.013
  • Parcel Number: 4639390910
  • Zoning: Residential
  • Plat Book Slide: 52/44
  • Plat Reference Section Pages: 787
  • Wooded Acres: 1.00

Tax Info

  • Tax Value: 200000.00
  • Tax Location: Troutman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2023
Sold by
Guay David B and Guay Patricia J
Bought by
Knight Thomas Anthony and Knight Juelet Florence
Current Estimated Value
$1,853,921

Purchase Details

Listed on
Dec 19, 2015
Closed on
Feb 29, 2016
Sold by
Mcconnell Danny and Mcconnell Jeannine
Bought by
Guay David B and Guay Patricia J
Seller's Agent
Warren Greenlee
NorthGroup Real Estate LLC
Buyer's Agent
Jan Cameron
Howard Hanna Allen Tate Lake Norman
List Price
$300,000
Sold Price
$290,000
Premium/Discount to List
-$10,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.22%

Purchase Details

Closed on
Nov 24, 2014
Sold by
Tucker Richard G and Tucker Vickie B
Bought by
Mcconnell Danny and Mcconnell Jeannine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,250
Interest Rate
4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 1, 2011
Sold by
Falls Cove Development Llc
Bought by
Tucker Richard G and Tucker Vickie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,610
Interest Rate
4.85%
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
Knight Thomas Anthony $1,800,000 None Listed On Document
Guay David B $290,000 None Available
Mcconnell Danny $263,000 None Available
Tucker Richard G $199,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcconnell Danny $197,250
Previous Owner Tucker Richard G $149,610
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2016 02/29/16 Sold $290,000 -3.3% --
01/22/2016 01/22/16 Pending -- -- --
12/19/2015 12/19/15 For Sale $300,000 -- --
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 $15,448 $1,341,330 $525,000 $816,330
2023 $14,815 $1,341,330 $550,000 $791,330
2022 $11,864 $1,029,050 $345,000 $684,050
2021 $11,864 $1,029,050 $345,000 $684,050
2020 $11,864 $1,029,050 $345,000 $684,050
2019 $11,607 $1,029,050 $345,000 $684,050
2018 $9,329 $830,130 $240,000 $590,130
2017 $2,682 $240,000 $240,000 $0
2016 $2,682 $240,000 $240,000 $0
2015 $2,135 $200,000 $200,000 $0
2014 $2,040 $200,000 $200,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3136112

Canopy MLS (Canopy Realtor® Association)

APN: 4639-39-0910.000