NOT LISTED FOR SALE

231 Water Oak Way Mount Gilead, NC 27306

Estimated Value: $1,378,130 - $1,749,000

4 Beds
3.5 Baths
4,571 Sq Ft
$331/Sq Ft Est. Value

Last Sold January 19, 2021

Last sale price $879,000 $192 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $8,803/month

598 Days on Market

Highlights

  • Gated Community
  • Community Lake
  • Outdoor Fireplace
  • Waterfront
  • Traditional Architecture
  • Wood Flooring

About This Home

As of January 2021

A Decorator's Dream! This 4 bedroom, 3.5 bath home is simply exquisite! Tons of architectural features make this home stand out! Open staircase greets you in the foyer as you look into the living room w/ beautiful stone fireplace w/ gas logs, leading out onto the deck overlooking the lake. Formal dining, breakfast nook, parlor & kitchen, open to the great room. Master Suite on the water side has a lavish Master Bath w/ separate vanities, jetted tub & large tiled shower and closet w/ built-in shelving & drawers. 2 bedrooms upstairs w/ a jack & jill bath w/ granite counter tops & tile flooring. Basement w/ magnificent family room, theatre room, large bedroom & full bath. Exceptional indoor/outdoor bar next to the outdoor fireplace & built-in grill on the spacious concrete patio overlooking the lake. Fantastic boathouse w/ upper sundeck overlooking a quiet cove & part of the main channel. Incredible landscaping, 2-car garage, concrete driveway. All located in a desirable gated community.

Last Agent to Sell the Property

Lynn Norman

Lake Tillery Properties LLC License #C27592 Listed on: 04/11/2019

Last Buyer's Agent

Tiffany White

Corcoran HM Properties License #209571

Corcoran HM Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 0.56

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Traditional Architecture
  • Stone Siding

Interior Spaces

  • Gas Log Fireplace
  • Window Treatments
  • Kitchen Island

Flooring

  • Wood
  • Tile

Outdoor Features

  • Outdoor Fireplace
  • Terrace

Additional Features

  • Waterfront
  • Heating System Uses Propane

Listing and Financial Details

  • Assessor Parcel Number 6575-07-58-7216

Community Details

Overview

  • Mike King Association, Phone Number (304) 482-1402
  • Community Lake

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

HOA Fees

$50 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.97775
  • Ratio Close Price By Original Li: 0.82925
  • Ratio Current Price By Acre: 1569642.86
  • Ratio Current Price By Sq Ft: 192.30
  • Special Assessment Description: $3600 rd assessment due 3/1/2020
  • Special Assessment Yn: Yes
  • Year Built: 2007
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Partially Finished
  • Upper Level Sq Ft: 981
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Equipment: Ceiling Fan(s), Convection Oven, Dishwasher, Ice Maker Connection, Microwave, Propane, Refrigerator, Security System, Self Cleaning Oven, Wall Oven
  • Fireplace Description: FAMILYRM, Gas Logs, Propane
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • H O A Management Phone: 304-482-1402
  • Interior Amenities: Built-Ins, Kitchen Island, Pantry, Window Treatments
  • Laundry Location: Main, Laundry Room
  • Room Count: 3
  • Sq Ft Basement: 1602
  • Main Level Sq Ft: 1988
  • Total Sq Ft: 4571
  • Sq Ft Unheated Basement: 386
  • Sq Ft Unheated Total: 386

Exterior Features

  • Construction: Hard Stucco, Stone
  • Construction Type: Site Built
  • Exterior Features: Outdoor Fireplace, Terrace

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car, Keypad Entry, Parking Space - 3, Side Load Garage

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat, Propane
  • Sewer: City Sewer
  • Water: County Water
  • Water Heater: Gas

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Lot Dimension: Approx 105 ft waterfront
  • Lot Features: Sloping, Waterfront
  • Lot Size Area: 0.560
  • Parcel Number: 6575-07-58-7216
  • Zoning Specification: Res

Tax Info

  • Tax Value: 803000.00
  • Tax Location: Mount Gilead

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2019
Closed on
Jan 15, 2021
Sold by
Ullman Jerry S and Ullman Paula D
Bought by
Byrne John and Byrne Charlotte
Seller's Agent
Lynn Norman
Lake Tillery Properties LLC
Buyer's Agent
Tiffany White
Corcoran HM Properties
List Price
$1,060,000
Sold Price
$879,000
Premium/Discount to List
-$181,000
-17.08%
Current Estimated Value
$1,511,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$632,783
Avg. Annual Appreciation
11.25%
Original Mortgage
$703,200
Outstanding Balance
$634,753
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$798,839

Purchase Details

Closed on
Sep 24, 2013
Sold by
Eudy Kelly S and Eudy Mark A
Bought by
Ullmann Jerry S and Ullmann Paula D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,750
Interest Rate
4.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2008
Sold by
Innovative Land Concepts Llc
Bought by
Eudy Mark A and Eudy Kelly S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 15, 2005
Sold by
Eldorado Development Corp
Bought by
Innovative Land Concepts Llc
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
Byrne John $879,000 None Available
Ullmann Jerry S $825,000 None Available
Eudy Mark A $1,050,000 --
Innovative Land Concepts Llc $177,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Byrne John B $150,000
Open Byrne John $703,200
Previous Owner Ullmann Jerry $518,000
Previous Owner Ullmann Jerry S $618,750
Previous Owner Eudy Mark A $417,000
Previous Owner Eudy Mark A $417,000
Previous Owner Eudy Mark A $150,000
Previous Owner Eudy Mark A $550,000
Previous Owner Eudy Mark A $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2021 01/19/21 Sold $879,000 -2.2% $192 / Sq Ft
11/29/2020 11/29/20 Pending -- -- --
08/10/2020 08/10/20 Price Changed $899,000 -5.3% $197 / Sq Ft
05/21/2020 05/21/20 Price Changed $949,000 -5.0% $208 / Sq Ft
07/12/2019 07/12/19 Price Changed $999,000 -4.4% $219 / Sq Ft
06/24/2019 06/24/19 Price Changed $1,045,000 -1.4% $229 / Sq Ft
04/11/2019 04/11/19 For Sale $1,060,000 -- $232 / 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 $6,193 $945,547 $280,000 $665,547
2023 $6,193 $945,547 $280,000 $665,547
2022 $6,193 $945,547 $280,000 $665,547
2021 $6,193 $945,547 $280,000 $665,547
2020 $6,193 $945,547 $280,000 $665,547
2018 $5,300 $803,000 $198,800 $604,200
2017 $5,300 $803,000 $198,800 $604,200
2016 $5,300 $803,000 $198,800 $604,200
2015 $5,005 $803,000 $0 $0
2014 $5,005 $803,008 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3494979

Canopy MLS (Canopy Realtor® Association)

APN: 6575-07-58-7216