NOT LISTED FOR SALE

202 Timber Lake Dr Troutman, NC 28166

Troutman Area

Estimated Value: $1,998,000 - $2,252,000

4 Beds
6 Baths
4,873 Sq Ft
$435/Sq Ft Est. Value

Sale Details

Date Sold: June 16, 2025

Last sale price $2,250,000 $462 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $13,004 / mo

About This Home

Beautiful 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!

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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ICE

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Average Value
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List Price
Sold Price
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Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2025
Closed on
Jun 16, 2025
Sold by
Bought by
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
$2,118,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$131,317
Avg. Annual Appreciation
-4.89%

Purchase Details

Closed on
Aug 24, 2011
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,250,000 None Listed On Document
$221,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $500,000
Previous Owner $145,000
Previous Owner $416,797
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/16/2025 06/16/25 Sold $2,250,000 -8.2% $462 / Sq Ft View Prior Sale
05/01/2025 05/01/25 For Sale $2,450,000 -- $503 / Sq Ft

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $15,872 $1,437,470 $550,000 $887,470
2024 $16,551 $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

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