NOT LISTED FOR SALE

262 Springwood Dr Unit 11, Pt 10 Mount Gilead, NC 27306

Estimated Value: $500,000 - $797,000

2 Beds
2 Baths
1,500 Sq Ft
$462/Sq Ft Est. Value

Last Sold November 09, 2018

Last sale price $430,000 $287 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $3,864/month

Highlights

  • Waterfront
  • Contemporary Architecture
  • Fireplace
  • Community Lake
  • Wood Flooring

About This Home

As of November 2018

Updated waterfront home at Lake Tillery. Located in Fairway Shores on Horseshoe Bend. Very flat lot with a short walk to the lake. The property offers an additional sleeping area on the upper level of the home. Large deck on the lakeside. One piered boathouse and one inground boathouse at the approximate 185 feet of shoreline. Refinished hardwoods and tile with granite counters. Vaulted ceiling in the living room along with a fireplace.

Last Agent to Sell the Property

Mark McRae

McRae Properties License #208169 Listed on: 10/04/2018

Last Buyer's Agent

Mark McRae

McRae Properties License #208169 Listed on: 10/04/2018

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1986

Lot Details

  • Waterfront

Parking

  • Gravel Driveway

Home Design

  • Contemporary Architecture
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • Fireplace
  • Crawl Space

Flooring

  • Wood
  • Tile

Community Details

  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 6574-12-85-4459

Home Details

Home Type

Single Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story
  • Architectural Style: Contemporary
  • Ratio Close Price By List Price: 0.98286
  • Ratio Close Price By Original Li: 0.98286
  • Ratio Current Price By Acre: 1387096.77
  • Ratio Current Price By Sq Ft: 286.67
  • Year Built: 1986
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 500
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Equipment: Dishwasher, Electric Range, Microwave, Refrigerator, Electric Oven
  • Fireplace Description: Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Vaulted Ceiling
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 1000
  • Total Sq Ft: 1500

Exterior Features

  • Construction: Stone, Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Parking Space - 4+

Utilities

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

Condo/Co-op/Association

  • Community Features: Lake

Schools

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

Lot Info

  • Lot Dimension: 125 x 125
  • Lot Features: Water view, Waterfront
  • Lot Size Area: 0.310
  • Parcel Number: 6574-12-85-4459
  • Zoning Specification: SFR

Tax Info

  • Tax Value: 379000.00
  • Tax Location: Montgomery

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2018
Closed on
Nov 9, 2018
Sold by
Webster James R and Webster Susan H
Bought by
George Ronald G and George Mayn Ann
Seller's Agent
Mark McRae
McRae Properties
Buyer's Agent
Mark McRae
McRae Properties
List Price
$437,500
Sold Price
$430,000
Premium/Discount to List
-$7,500
-1.71%
Current Estimated Value
$693,008

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,008
Avg. Annual Appreciation
7.10%
Original Mortgage
$300,000
Outstanding Balance
$263,250
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$429,758

Purchase Details

Closed on
Aug 5, 2016
Sold by
Capell John H and Capell Donna M
Bought by
Webster James R and Webster Susan H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,200
Interest Rate
3.45%
Mortgage Type
New Conventional
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
George Ronald G $430,000 None Available
Webster James R $379,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open George Ronald G $300,000
Previous Owner Webster James R $303,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2018 11/09/18 Sold $430,000 -1.7% $287 / Sq Ft
10/04/2018 10/04/18 Pending -- -- --
10/04/2018 10/04/18 For Sale $437,500 -- $292 / 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
2025 $2,749 $419,764 $186,000 $233,764
2024 $2,749 $419,764 $186,000 $233,764
2023 $2,749 $419,764 $186,000 $233,764
2022 $2,749 $419,764 $186,000 $233,764
2021 $2,749 $419,764 $186,000 $233,764
2020 $2,749 $419,764 $186,000 $233,764
2018 $2,746 $416,039 $167,245 $248,794
2017 $2,746 $416,039 $167,245 $248,794
2016 $2,509 $372,650 $130,000 $242,650
2015 $2,180 $349,900 $0 $0
2014 $2,180 $349,880 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3440805

Canopy MLS (Canopy Realtor® Association)

APN: 6574-12-85-4459