NOT LISTED FOR SALE

205 Water Oak Way Unit 41 Mount Gilead, NC 27306

Estimated Value: $1,707,552 - $1,797,000

0.62 Acre
$2,830,868 Price per Acre
27,007 Sq Ft Lot

Last Sold September 19, 2019

Last sale price $145,000

Est. 1,110% increase in value since last sale

Current estimated payment $10,072/month

487 Days on Market

Highlights

  • Gated Community
  • Community Lake
  • Wooded Lot
  • Waterfront

About This Lot

As of September 2019

Waterfront lot on Lake Tillery in Swift Island Plantation which is a gated community. County water and city sewer are available. The lot qualifies for an 800 s/f boathouse based upon current Duke Energy Guidelines. The slope of the lot would be conducive for a basement with minimal walk to the shoreline. Large cove views from the home site and great main channel views from the waterfrontage. A gravel road is in place at the lot for easy access to preview and go to the shoreline.

Last Agent to Sell the Property

Mark McRae

McRae Properties License #208169 Listed on: 04/19/2018

Last Buyer's Agent

Maggie Tanner

The Finnerty Group, LLC License #306349

Property Details

Property Type

  • Land

Lot Details

  • Waterfront
  • Wooded Lot

HOA Fees

  • $50 Monthly HOA Fees

Listing and Financial Details

  • Assessor Parcel Number 6575-07-68-0360

Community Details

Overview

  • Tillery Management Association
  • Community Lake

Security

  • Gated Community

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: 0.91252
  • Ratio Close Price By Original Li: 0.85799
  • Ratio Current Price By Acre: 233870.97
  • Restrictions: Architectural Review, Manufactured Home Not Allowed, Modular Not Allowed, Square Feet
  • Restrictions Description: Yes
  • Special Features: None

Interior Features

  • Foundation Details: Basement Fully Finished

Exterior Features

  • Construction Type: Site Built
  • Exterior Features: Waterfront

Utilities

  • Sewer: City Sewer
  • Water: County Water

Condo/Co-op/Association

  • Community Features: Gated Community, Lake, Street Lights
  • Association Fee: 600.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Tillery Management
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: 90 x 317
  • Lot Features: Waterfront, Water view, Lake, Wooded
  • Lot Size Area: 0.620
  • Parcel Number: 6575-07-68-0360
  • Zoning Specification: SFR
  • Wooded Acres: 0.50

Tax Info

  • Tax Value: 173600.00
  • Tax Location: Montgomery

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2025
Sold by
Barr Bret and Barr Tonya
Bought by
Darlington Treva and Darlington Peter
Current Estimated Value
$1,755,169

Purchase Details

Closed on
Aug 19, 2022
Sold by
Anthony Tanner Jr Gerald and Mull Virginia
Bought by
Barr Bret and Barr Tonya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,760,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 19, 2018
Closed on
Sep 18, 2019
Sold by
Garrison Kevin P and Garrison Mary P
Bought by
Mullinax Tanner Jr Gerald Anthony and Mullinax Tanner Virginia
Seller's Agent
Mark McRae
McRae Properties
Buyer's Agent
Maggie Tanner
The Finnerty Group, LLC
List Price
$169,000
Sold Price
$145,000
Premium/Discount to List
-$24,000
-14.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.20%

Purchase Details

Closed on
Aug 12, 2008
Sold by
Eldorado Development Corp
Bought by
Garrison Kevin P and Garrison Mary P
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
Darlington Treva $1,775,000 None Listed On Document
Barr Bret $2,227,000 Law Office Of Robert Forquer P
Mullinax Tanner Jr Gerald Anthony $145,000 None Available
Garrison Kevin P $169,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barr Bret $1,760,000
Previous Owner Tanner Virginia Mullinax $548,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2019 09/19/19 Sold $145,000 -8.7% --
08/19/2019 08/19/19 Pending -- -- --
04/12/2019 04/12/19 Price Changed $158,900 -0.6% --
02/20/2019 02/20/19 Price Changed $159,900 -0.6% --
01/10/2019 01/10/19 Price Changed $160,900 -0.6% --
12/21/2018 12/21/18 Price Changed $161,900 -0.6% --
12/06/2018 12/06/18 Price Changed $162,900 -0.6% --
11/15/2018 11/15/18 Price Changed $163,900 -0.6% --
10/25/2018 10/25/18 Price Changed $164,900 -0.6% --
10/04/2018 10/04/18 Price Changed $165,900 -0.6% --
09/20/2018 09/20/18 Price Changed $166,900 -0.6% --
09/08/2018 09/08/18 Price Changed $167,900 -0.7% --
04/30/2018 04/30/18 For Sale $169,000 0.0% --
04/24/2018 04/24/18 Pending -- -- --
04/19/2018 04/19/18 For Sale $169,000 -- --
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 $5,502 $839,945 $141,360 $698,585
2023 $5,502 $839,945 $141,360 $698,585
2022 $5,901 $839,945 $141,360 $698,585
2021 $5,352 $806,371 $141,360 $665,011
2020 $926 $141,360 $141,360 $0
2018 $1,146 $173,600 $173,600 $0
2017 $1,146 $173,600 $173,600 $0
2016 $1,146 $173,600 $173,600 $0
2015 $1,059 $173,600 $0 $0
2014 $1,059 $173,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3382713

Canopy MLS (Canopy Realtor® Association)

APN: 6575-07-68-0360