NOT LISTED FOR SALE

315 Stumpy Creek Rd Mooresville, NC 28117

Estimated Value: $454,000 - $2,701,000

2 Beds
2 Baths
1,581 Sq Ft
$1,142/Sq Ft Est. Value

Last Sold September 06, 2019

Last sale price $345,000 $218 Per Sq Ft

Est. 423% increase in value since last sale

Current estimated payment $10,320/month

32 Days on Market

Highlights

  • Waterfront
  • Open Floorplan
  • Vaulted Ceiling
  • Lakeshore Elementary School Rated A-
  • Community Lake
  • Ranch Style House

About This Home

As of September 2019

Enjoy Lake Norman's boating, swimming, fishing, mountain biking and other activities with this waterfront diamond in the rough located in Stumpy Creek with easy access to Mooresville, Troutman and Statesville. House is vacant and ready to sell as is. Caution-open septic tank on side of house with caution flagging around it. It needs a new septic system and has an approved County septic layout dated 2018. It needs some repairs inside and dock repairs. With a new septic system and a few repairs this could be a fantastic second home in a very desirable location on Lake Norman. All house flippers and landlords take note! This could be your next money making project on Lake Norman.

Last Agent to Sell the Property

Ted Benbow

Mossy Oak Properties Land and Luxury License #74906 Listed on: 06/17/2019

Last Buyer's Agent

Kristi Hand

Titan Realty, Inc. License #216815

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1969

Lot Details

  • Waterfront

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Vaulted Ceiling
  • Wood Burning Fireplace

Kitchen

  • Oven
  • Kitchen Island

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms
  • Garden Bath

Parking

  • Attached Garage
  • Workshop in Garage

Utilities

  • Heating System Uses Propane
  • Septic Needed

Community Details

  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 4638595869

Home Details

Home Type

Single Family

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Ranch
  • Ratio Close Price By List Price: 0.98854
  • Ratio Close Price By Original Li: 0.81176
  • Ratio Current Price By Acre: 442307.69
  • Ratio Current Price By Sq Ft: 218.22
  • Year Built: 1969
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Block
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Equipment: Oven
  • Fireplace Description: FAMILYRM, Wood Burning
  • Fireplace: Yes
  • Flooring: Laminate Wood, Vinyl
  • Interior Amenities: Garage Shop, Garden Tub, Kitchen Island, Open Floorplan, Vaulted Ceiling, Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 1581
  • Total Sq Ft: 1581

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage

Utilities

  • Heating: Heat Pump - AC, Propane
  • Sewer: Septic Needed
  • Water: Well Installed
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Lake

Lot Info

  • Lot Features: Waterfront
  • Parcel Number: 4638595869
  • Plat Book Slide: 13/32
  • Zoning Specification: RR

Tax Info

  • Tax Value: 395600.00
  • Tax Location: Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2019
Closed on
Sep 6, 2019
Sold by
Peterson Dwayne and Peterson Patricia Ellen
Bought by
Carr Timothy P and Carr Tracy S
Seller's Agent
Ted Benbow
Mossy Oak Properties Land and Luxury
Buyer's Agent
Kristi Hand
Titan Realty, Inc.
List Price
$425,000
Sold Price
$345,000
Premium/Discount to List
-$80,000
-18.82%
Current Estimated Value
$1,805,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,460,103
Avg. Annual Appreciation
30.88%
Original Mortgage
$803,250
Outstanding Balance
$705,022
Interest Rate
3.7%
Mortgage Type
Construction
Estimated Equity
$1,100,081

Purchase Details

Closed on
May 6, 1998
Sold by
Crescent Resources Inc
Bought by
Peterson Arthur E and Peterson Leola C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
7.03%
Mortgage Type
Seller Take Back
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
Carr Timothy P $345,000 Meridian Title Company
Peterson Arthur E $68,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carr Timothy P $803,250
Previous Owner Peterson Arthur E $48,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2019 09/06/19 Sold $345,000 -1.1% $218 / Sq Ft
07/19/2019 07/19/19 Pending -- -- --
07/16/2019 07/16/19 Price Changed $349,000 -12.5% $221 / Sq Ft
07/10/2019 07/10/19 Price Changed $399,000 -6.1% $252 / Sq Ft
06/17/2019 06/17/19 For Sale $425,000 0.0% $269 / Sq Ft
11/09/2015 11/09/15 Rented $1,075 -10.4% --
11/09/2015 11/09/15 For Rent $1,200 -- --
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 $10,459 $1,762,490 $540,000 $1,222,490
2023 $10,459 $1,762,490 $540,000 $1,222,490
2022 $6,413 $1,012,490 $243,750 $768,740
2021 $6,078 $959,640 $243,750 $715,890
2020 $1,629 $250,630 $243,750 $6,880
2019 $2,420 $395,600 $243,750 $151,850
2018 $1,842 $299,620 $175,000 $124,620
2017 $1,842 $299,620 $175,000 $124,620
2016 $1,842 $299,620 $175,000 $124,620
2015 $1,842 $299,620 $175,000 $124,620
2014 $1,410 $244,630 $192,500 $52,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3519620

Canopy MLS (Canopy Realtor® Association)

APN: 4638-59-5869.000