Seller's Agent in 2025
Warren Greenlee
NorthGroup Real Estate LLC
(704) 576-4800
4 in this area
39 Total Sales
202 Timber Lake Dr Troutman, NC 28166
4
Beds
6
Baths
4,873
Sq Ft
0.92
Acres
Highlights
- Covered Dock
- Waterfront
- Traditional Architecture
- Pier
- Open Floorplan
- Wood Flooring
About This Home
As of June 2025Beautiful WF home in Falls Cove on a level .92 ac lot. Take your 1st steps into the lake from the sandy beach w/231' of waterfront. HUGE WIDE OPEN WATER VIEWS! Show off your skiing skills to family & friends while they watch from shore. There is room for a pool in the backyard if desired. The exterior of the home is hard stucco w/stone accents. Inside this high-end custom home, there are extraordinary features. Upon entry, the Grove Park Inn inspired stone fireplace will catch your eye. The chef's kitchen has a massive island & the breakfast room & formal dining room are close. A 2nd fireplace is tucked away in the front den/office. The luxurious lakeside owner's suite is also on the main level, along w/the laundry room, drop zone, 2 powder rooms, & an oversized 3 car garage. Upstairs, there are 3 bedrooms all with expansive water views, 3 baths, a theatre room w/wet bar & a couple of flex spaces for recreation/2nd office/hobbies or whatever you need! This is phenomenal lake living!
Last Agent to Sell the Property
NorthGroup Real Estate LLC Brokerage Email: warrengreenlee@gmail.com License #179699 Listed on: 05/01/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $15,872
Year Built
- Built in 2013
Lot Details
- Waterfront
- Cul-De-Sac
- Level Lot
- Irrigation
- Property is zoned RS
HOA Fees
- $58 Monthly HOA Fees
Parking
- 3 Car Attached Garage
Home Design
- Traditional Architecture
- Stone Veneer
- Stucco
Interior Spaces
- 2-Story Property
- Open Floorplan
- Bar Fridge
- Mud Room
- Entrance Foyer
- Great Room with Fireplace
- Water Views
- Crawl Space
Kitchen
- Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- Walk-In Closet
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Outdoor Features
- Pier
- Covered Dock
- Covered Patio or Porch
- Fire Pit
Schools
- Troutman Elementary And Middle School
- South Iredell High School
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Heating System Uses Natural Gas
- Electric Water Heater
- Septic Tank
Community Details
- Csi Community Managment Association, Phone Number (704) 892-1660
- Falls Cove Subdivision
- Mandatory home owners association
Listing and Financial Details
- Assessor Parcel Number 4639-29-8488.000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2025
Closed on
Jun 16, 2025
Sold by
Culbreth Howard J and Culbreth Sharon M
Bought by
Ivers Erik Robert and Ivers Kimberly Dawn
Seller's Agent
Warren Greenlee
NorthGroup Real Estate LLC
Buyer's Agent
Sheena Shaw
EXP Realty LLC Mooresville
List Price
$2,450,000
Sold Price
$2,250,000
Premium/Discount to List
-$200,000
-8.16%
Views
9
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,950
Avg. Annual Appreciation
-38.69%
Purchase Details
Closed on
Aug 24, 2011
Sold by
Falls Cove Development Llc
Bought by
Culbreth Howard J
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,250,000 | None Listed On Document | |
| Warranty Deed | $2,250,000 | None Listed On Document | |
| Special Warranty Deed | $221,000 | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | Sold | $2,250,000 | -8.2% | $462 / Sq Ft |
| 05/01/2025 05/01/25 | For Sale | $2,450,000 | -- | $503 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $15,872 | $1,437,470 | $550,000 | $887,470 |
| 2023 | $15,872 | $1,437,470 | $550,000 | $887,470 |
| 2022 | $11,522 | $990,200 | $330,000 | $660,200 |
| 2021 | $11,419 | $990,200 | $330,000 | $660,200 |
| 2020 | $11,419 | $990,200 | $330,000 | $660,200 |
| 2019 | $11,171 | $990,200 | $330,000 | $660,200 |
| 2018 | $8,296 | $737,720 | $250,000 | $487,720 |
| 2017 | $8,296 | $737,720 | $250,000 | $487,720 |
| 2016 | $8,296 | $737,720 | $250,000 | $487,720 |
| 2015 | $7,927 | $737,720 | $250,000 | $487,720 |
| 2014 | $7,785 | $758,090 | $250,000 | $508,090 |
Source: Public Records
Agents Affiliated with this Home
-
Warren Greenlee
-
Sheena Shaw
Buyer's Agent in 2025
Sheena Shaw
EXP Realty LLC Mooresville
(910) 795-9613
30 in this area
124 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4249864
APN: 4639-29-8488.000
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