$476,000
SOLD JUL 23, 2025

331 Waterway Dr Lexington, NC 27292

3 Beds
2 Baths
1,249 Sq Ft
7,667 Sq Ft Lot

Recently Sold

$381 Per Sq Ft

1% Below List Price

10 Days on Market

Highlights

  • Lake Front
  • Attic
  • Porch
  • Wood Flooring
  • No HOA
  • Detached Carport Space

About This Home

As of July 2025

You will LOVE this adorable pristine Lakefront ONE LEVEL Home & the multiple GORGEOUS LONG-RANGE LAKE VIEWS from your COZY back deck! Just imagine sipping your coffee in the morning or relaxing with a cold drink in hand in the evening taking in these views! EASY LEVEL WALK to the shared dock! Buddle Creek Public Boat Ramp access only about a 6-minute drive! Pre-approved buyers welcome! Sellers added additional deck outlets, carport, awning, 2 storage buildings (includes approx. 10X16 wired workshop), new water heater 2025 & MORE! One-time $175 pier permit transfer fee paid by the buyer to Cube at closing and a $100 annual fee paid to Cube for the pier permit. Pre-approved buyers welcome!

Last Agent to Sell the Property

John Beck

John Christian Luxury Real Estate License #299544 Listed on: 06/13/2025

Last Buyer's Agent

Merrick Dyson

Price REALTORS - NC Hwy 8 License #351872

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,719

Year Built

  • Built in 2003

Lot Details

  • 7,667 Sq Ft Lot
  • Lake Front
  • Level Lot
  • Property is zoned RS

Parking

  • 2 Car Garage
  • Detached Carport Space
  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,249 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Living Room with Fireplace
  • Dryer Hookup
  • Attic

Kitchen

  • Convection Oven
  • Warming Drawer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Outdoor Storage
  • Porch

Schools

  • Central Davidson Middle School
  • Central Davidson High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Oakwood Acres Subdivision

Listing and Financial Details

  • Tax Lot 216
  • Assessor Parcel Number 09009C0050216000
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,719

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.176
  • Subdivision Name: Oakwood Acres
  • Directions: I-85 N/US-64 E, turn L onto Hargrave Ln, turn R onto NC-47 E, continue straight onto NC-8 S, turn L onto Oakwood Blvd, turn R onto Shoreline, turn L onto Waterway Dr
  • Above Grade Finished Sq Ft: 1249
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 2003
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • TRIADMLS_LandDescription: Lake Front, Level
  • Special Features: None

Interior Features

  • Appliances: Microwave, Convection Oven, Dishwasher, Disposal, Exhaust Fan, Cooktop, Range Hood, Warming Drawer, Electric Water Heater
  • Flooring: Laminate, Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Pantry
  • Has Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Living Room
  • Fireplaces: 1
  • Living Area: 1249
  • Main Level Bathrooms: 2
  • Attic Description: No Access
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Fencing: None
  • Lot Features: Level
  • Pool Features: None
  • Waterfront Features: Lake Front
  • Construction Type: Vinyl Siding
  • Other Structures: Pier, Storage
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Carport, Paved, Driveway, Detached Carport
  • Garage Description: Detached Carport

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Security: Security Lights, Smoke Detector(s)
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Southmont
  • High School: Central Davidson
  • Middle Or Junior School: Central Davidson

Lot Info

  • Parcel #: 09009C0050216000
  • Zoning: RS
  • TRIADMLS_PricePerAcre: 2704545.4545
  • TRIADMLS_PlatPage: 43
  • TRIADMLS_DeedPage: 1929
  • TRIADMLS_DeedBook: 2274
  • TRIADMLS_PlatBook: 8

Tax Info

  • Tax Annual Amount: 1719
  • Tax Lot: 216
  • Tax Year: 2024
  • TRIADMLS_TaxRate: 0.66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2025
Closed on
Jul 22, 2025
Sold by
Johnson Gerald E and Johnson Deborah A
Bought by
Ferrigno Dominic Joseph
Seller's Agent
John Beck
John Christian Luxury Real Estate
Buyer's Agent
Merrick Dyson
Price REALTORS - NC Hwy 8
List Price
$479,000
Sold Price
$476,000
Premium/Discount to List
-$3,000
-0.63%
Views
64

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.72%
Original Mortgage
$357,000
Outstanding Balance
$357,000
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$117,163

Purchase Details

Closed on
Jun 29, 2017
Sold by
Homesley Martha Anne
Bought by
Johnson Gerald E and Johnson Deborah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 1, 2003
Sold by
Ezzell Jeffery L
Bought by
Homesley Walter H

Purchase Details

Closed on
Jun 1, 1999

Purchase Details

Closed on
Jan 1, 1996

Purchase Details

Closed on
Feb 1, 1979
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $476,000 None Listed On Document
Warranty Deed $260,000 None Available
Warranty Deed $45,000 --
Deed $52,500 --
Deed $83,000 --
Deed $2,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $357,000 New Conventional
Previous Owner $50,000 Credit Line Revolving
Previous Owner $13,000 Credit Line Revolving
Previous Owner $258,500 New Conventional
Previous Owner $253,500 New Conventional
Previous Owner $3,000 Credit Line Revolving
Previous Owner $260,000 Adjustable Rate Mortgage/ARM
Previous Owner $138,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Sold $476,000 -0.6% $381 / Sq Ft
06/13/2025 06/13/25 For Sale $479,000 -- $384 / Sq Ft
Source: Triad MLS

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 $1,719 $260,480 $0 $0
2023 $1,745 $260,480 $0 $0
2022 $1,719 $260,480 $0 $0
2021 $1,642 $260,480 $0 $0
2020 $1,441 $228,570 $0 $0
2019 $1,463 $228,570 $0 $0
2018 $1,429 $228,570 $0 $0
2017 $1,429 $228,570 $0 $0
2016 $1,429 $228,570 $0 $0
2015 $1,429 $228,570 $0 $0
2014 $1,400 $223,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1184124

Triad MLS

APN: 09-009-C-005-0216-0-0-0