NOT LISTED FOR SALE

198 Timber Lake Dr Unit 630 Troutman, NC 28166

Estimated Value: $1,423,000 - $2,170,000

1.2 Acres
$1,445,538 Price per Acre
52,272 Sq Ft Lot

Last Sold January 15, 2021

Last sale price $492,000

Est. 253% increase in value since last sale

Current estimated payment $10,354/month

152 Days on Market

About This Lot

As of January 2021

Lovely waterfront building lot in Falls Cove. One of the best if not the best lot in Falls Cove. 433+ feet of water frontage. Large 70x80 building envelope. Septic permit and pier zone in place. Wooded. Build your dream home in this quiet subdivision, low taxes.

Last Agent to Sell the Property

Jillian Mack

Howard Hanna Allen Tate Mooresville/LKN License #227745 Listed on: 04/26/2020

Howard Hanna Allen Tate Mooresville/LKN

Last Buyer's Agent

Caitlin Barney

NextHome Advantage License #315378

NextHome Advantage

Property Details

Property Type

  • Land

Lot Details

  • Waterfront
  • Wooded Lot
  • Many Trees

Utilities

  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 4639-29-5573.000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.99394
  • Ratio Close Price By Original Li: 0.99394
  • Ratio Current Price By Acre: 410000.00
  • Restrictions: Manufactured Home Not Allowed, Modular Not Allowed, Square Feet
  • Special Features: None

Exterior Features

  • Construction Type: Site Built

Utilities

  • Sewer: Septic Needed
  • Water: City Water

Condo/Co-op/Association

  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Dimension: 71x270x433x297
  • Lot Features: Trees, Water view, Waterfront, Wooded
  • Lot Size Area: 1.200
  • Parcel Number: 4639-29-5573.000
  • Zoning Specification: RS

Tax Info

  • Tax Value: 240000.00
  • Tax Location: Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2020
Closed on
Jan 14, 2021
Sold by
Yee Ronnie H and Yee Lisa Tse
Bought by
Bullock Steven Hogge and Bullock Mary Dayton
Seller's Agent
Jillian Mack
Howard Hanna Allen Tate Mooresville/LKN
Buyer's Agent
Caitlin Barney
NextHome Advantage
List Price
$495,000
Sold Price
$492,000
Premium/Discount to List
-$3,000
-0.61%
Current Estimated Value
$1,734,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,242,646
Avg. Annual Appreciation
30.31%

Purchase Details

Closed on
Jun 2, 2008
Sold by
Falls Cove Development Llc
Bought by
Tse Yee Ronnie H and Tse Yee Lisa
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
Bullock Steven Hogge $492,000 Statewide Title Inc
Tse Yee Ronnie H $475,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2021 01/15/21 Sold $492,000 -0.6% --
10/06/2020 10/06/20 For Sale $495,000 +0.6% --
10/01/2020 10/01/20 Off Market $492,000 -- --
09/25/2020 09/25/20 Pending -- -- --
04/26/2020 04/26/20 For Sale $495,000 -- --
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 $14,221 $1,234,410 $450,000 $784,410
2023 $13,639 $1,182,020 $450,000 $732,020
2022 $7,314 $626,720 $330,000 $296,720
2021 $3,787 $330,000 $330,000 $0
2020 $3,787 $330,000 $330,000 $0
2019 $3,704 $330,000 $330,000 $0
2018 $2,682 $240,000 $240,000 $0
2017 $2,682 $240,000 $240,000 $0
2016 $2,682 $240,000 $240,000 $0
2015 $2,562 $240,000 $240,000 $0
2014 $2,448 $240,000 $240,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3615296

Canopy MLS (Canopy Realtor® Association)

APN: 4639-29-5573.000