NOT LISTED FOR SALE

225 Paradise Penn Rd Mooresville, NC 28117

Lake Norman Neighborhood

Estimated Value: $896,000 - $1,486,000

4 Beds
3 Baths
2,300 Sq Ft
$558/Sq Ft Est. Value

Last Sold October 02, 2017

Last sale price $570,000 $248 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $7,514/month

122 Days on Market

Highlights

  • Floating Dock
  • Waterfront
  • Wood Flooring
  • Lakeshore Elementary School Rated A-
  • Open Floorplan
  • Attached Garage

About This Home

As of October 2017

HUGE VIEWS from this wonderfully maintained brick ranch with SEPARATE LIVING QUARTERS. 160' SHORELINE opens up to main channel. Covered boatslip & killer views from almost every room. No HOA & in a neighborhood of ALL WATERFRONT HOMES. Shed w/heat & ac per seller. Stone seawall w/steps to water. Hardwoods, open plan, master w/sitting area, fireplace & ready for move in. INSPECTION DONE & REPAIRS HAVE BEEN MADE = MOVE IN READY. Owner can be out immediately. Ready for move in or makeover.

Last Agent to Sell the Property

Kelley Ireland

Village Real Estate Group, Inc License #236732 Listed on: 04/18/2017

Last Buyer's Agent

Jeff Lynch

RE/MAX Executive License #238215

RE/MAX Executive

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1967

Lot Details

  • 0.6

Parking

  • Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Wood Burning Fireplace
  • Window Treatments
  • Crawl Space
  • Breakfast Bar

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 3 Full Bathrooms

Outdoor Features

  • Floating Dock
  • Shed

Additional Features

  • Waterfront
  • Well

Listing and Financial Details

  • Assessor Parcel Number 4627-68-6002.000

Home Details

Home Type

Single Family

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.95159
  • Ratio Close Price By Original Li: 0.95159
  • Ratio Current Price By Acre: 950000.00
  • Ratio Current Price By Sq Ft: 247.83
  • Year Built: 1967
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Equipment: Ceiling Fan(s), Dishwasher, Electric Range, Ice Maker Connection, Security System, Electric Oven
  • Fireplace Description: FAMILYRM, Natural Gas, Wood Burning
  • Fireplace: Yes
  • Fixture Exception Description: Statues in yard do not convey
  • Fixture Exception Yn: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Open Floorplan, Vaulted Ceiling, Walk-In Closet(s), Window Treatments
  • Laundry Location: Main, Laundry Room
  • Room Count: 1
  • Second Living Quarters: Interior Connected, Main Level, Separate Living Quarters, Separate Entrance, Separate Kitchen Facilities
  • Main Level Sq Ft: 2300
  • Total Sq Ft: 2300
  • Sq Ft Unheated Main: 385
  • Sq Ft Unheated Total: 385

Exterior Features

  • Construction: Brick Partial, Vinyl
  • Construction Type: Site Built
  • Exterior Features: Boat Slip (Deed), Floating Dock, Shed(s)
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Asphalt
  • Parking: Attached Garage, Garage - 2 Car

Utilities

  • Heating: Central Air, Electric Hot Air, Gas Hot Air Furnace
  • Sewer: Septic Tank
  • Water: Well

Schools

  • Elementary School: Lakeshore
  • Middle School: Lakeshore
  • High School: Lake Norman

Lot Info

  • Lot Dimension: 160' shoreline
  • Lot Features: Waterfront, Water view, Long Range View, Year Round View
  • Lot Size Area: 0.600
  • Parcel Number: 4627-68-6002.000
  • Zoning Specification: RR

Tax Info

  • Tax Value: 465480.00
  • Tax Location: Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2021
Sold by
Appleton Douglas Stewart
Bought by
Merewitz Andrew
Current Estimated Value
$1,284,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Outstanding Balance
$497,019
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$826,317

Purchase Details

Closed on
Mar 25, 2019
Sold by
Ruckus Properties Llc
Bought by
Appleton Douglas Stewart

Purchase Details

Listed on
Apr 18, 2017
Closed on
Sep 25, 2017
Sold by
Koon Reba L
Bought by
Ruckus Properties Llc
Seller's Agent
Kelley Ireland
Village Real Estate Group, Inc
Buyer's Agent
Jeff Lynch
RE/MAX Executive
List Price
$599,000
Sold Price
$570,000
Premium/Discount to List
-$29,000
-4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.25%
Original Mortgage
$478,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 1986

Purchase Details

Closed on
Jun 1, 1977
Source: Public Records

Range of Values:

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Average Value
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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
Merewitz Andrew $900,000 None Available
Appleton Douglas Stewart $667,500 None Available
Ruckus Properties Llc $570,000 None Available
-- $90,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merewitz Andrew $548,250
Closed Merewitz Andrew $171,750
Previous Owner Appleton Douglas Stewart $100,000
Previous Owner Ruckus Properties Llc $478,000
Previous Owner Koon Reba L $100,000
Previous Owner Koon Grady G $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2017 10/02/17 Sold $570,000 -4.8% $248 / Sq Ft
08/18/2017 08/18/17 Pending -- -- --
04/18/2017 04/18/17 For Sale $599,000 -- $260 / Sq Ft
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 $6,191 $1,039,200 $600,000 $439,200
2023 $6,191 $1,039,200 $600,000 $439,200
2022 $3,957 $621,080 $350,000 $271,080
2021 $3,660 $574,280 $350,000 $224,280
2020 $3,660 $574,280 $350,000 $224,280
2019 $3,446 $567,410 $350,000 $217,410
2018 $2,833 $465,480 $325,000 $140,480
2017 $2,833 $465,480 $325,000 $140,480
2016 $2,833 $465,480 $325,000 $140,480
2015 $2,833 $465,480 $325,000 $140,480
2014 $2,725 $473,530 $325,000 $148,530
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Kelley Ireland

    Village Real Estate Group, Inc

    Section Image
  • Jeff Lynch

    Buyer's Agent in 2017

    Jeff Lynch

    RE/MAX Executives Charlotte, NC

    (704) 737-3404

    9 in this area

    84 Total Sales

    Jeff Lynch
    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3272150

Canopy MLS (Canopy Realtor® Association)

APN: 4627-68-6002.000

North Carolina Iredell County Mooresville 28117 Lake Norman

225 Paradise Penn Rd, Mooresville, NC

This home is located at 225 Paradise Penn Rd, Mooresville, NC 28117 since 18 April 2017 and is currently estimated at $1,284,335, approximately $558 per square foot. This property was built in 1967. 225 Paradise Penn Rd is a home located in Iredell County with nearby schools including Lakeshore Elementary School, Lakeshore Middle School, and Lake Norman High School.

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