4028 McGee Point Rd Terrell, NC 28682
Lake Norman of Catawba NeighborhoodEstimated Value: $852,702 - $1,149,000
3
Beds
3
Baths
2,511
Sq Ft
$383/Sq Ft
Est. Value
Highlights
- Spa
- Waterfront
- Engineered Wood Flooring
- Sherrills Ford Elementary School Rated A-
- Traditional Architecture
- Breakfast Bar
About This Home
As of March 2019UPDATED 1980's LAKEHOUSE ! This one has it all. Remodeled kitchen & Baths. Enjoy the Lake life with large dock, 2 slips, and 2 boat lifts. Dock area and cove have been dredged to 12 ½ ft at full pond for deep year round water. Pathway lighting leading to the Backyard with room for entertaining. Lower level master suite has been updated, featuring Tile, granite, duel sink vanity and glass enclosed shower in master Bath. Covered lower level porch with hot tub. Main level has wrap around deck, perfect for the summer cookouts! Glass enclosed sun room, tile flooring, and sliding walk out to the deck. RV pad with power and water. This property is being used as a profitable vacation rental. ask LA for details. This property is just a short distance to the main channel,you don't have to go under any bridges to get to the main channel, also near 3 marinas. House is already set up for the new buyers to have a good rental income.
Last Listed By
Patti Betts
EXP Realty LLC Mooresville License #227438 Listed on: 07/18/2018
Home Details
Home Type
- Single Family
Year Built
- Built in 1983
Lot Details
- 0.51
Parking
- Gravel Driveway
Home Design
- Traditional Architecture
- Vinyl Siding
Kitchen
- Breakfast Bar
- Kitchen Island
Flooring
- Engineered Wood
- Tile
Outdoor Features
- Spa
- Fire Pit
- Shed
Additional Features
- 3 Full Bathrooms
- Waterfront
- Well
Listing and Financial Details
- Assessor Parcel Number 4617033220560000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 18, 2018
Closed on
Mar 4, 2019
Sold by
Sky Blue Properties Llc
Bought by
Shera Properties Llc
Seller's Agent
Patti Betts
EXP Realty LLC Mooresville
Buyer's Agent
Nancy Hucks
Lake Norman Realty, Inc
List Price
$575,000
Sold Price
$529,000
Premium/Discount to List
-$46,000
-8%
Total Days on Market
199
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$433,426
Avg. Annual Appreciation
8.28%
Purchase Details
Closed on
Mar 6, 2014
Sold by
Young Russell Todd and Young Rebecca G
Bought by
Sky Blue Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,345,000
Interest Rate
4.43%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Feb 23, 2006
Sold by
Sherrill Kelly K and Sherrill Franklyn R
Bought by
Young Russell Todd and Young Rebecca G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000
Interest Rate
6.08%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jun 3, 1985
Bought by
Williams Judy H
Create a Home Valuation Report for This Property
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Similar Homes in Terrell, NC
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Shera Properties Llc | $529,000 | None Available | |
| Sky Blue Properties Llc | -- | None Available | |
| Young Russell Todd | $390,000 | None Available | |
| Williams Judy H | $110,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Sky Blue Properties Llc | $1,345,000 | |
| Previous Owner | Young Russell Todd | $175,000 | |
| Previous Owner | Young Russell Todd | $39,000 | |
| Previous Owner | Young Russell Todd | $312,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/04/2019 03/04/19 | Sold | $529,000 | -1.9% | $211 / Sq Ft |
| 02/02/2019 02/02/19 | Pending | -- | -- | -- |
| 12/08/2018 12/08/18 | Price Changed | $539,000 | -2.0% | $215 / Sq Ft |
| 08/16/2018 08/16/18 | Price Changed | $550,000 | -4.3% | $219 / Sq Ft |
| 07/18/2018 07/18/18 | For Sale | $575,000 | -- | $229 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $3,157 | $641,000 | $228,000 | $413,000 |
| 2023 | $3,093 | $433,200 | $171,000 | $262,200 |
| 2022 | $3,054 | $433,200 | $171,000 | $262,200 |
| 2021 | $3,054 | $433,200 | $171,000 | $262,200 |
| 2020 | $3,054 | $433,200 | $171,000 | $262,200 |
| 2019 | $2,834 | $402,000 | $0 | $0 |
| 2018 | $2,635 | $384,600 | $171,000 | $213,600 |
| 2017 | $2,635 | $0 | $0 | $0 |
| 2016 | $2,635 | $0 | $0 | $0 |
| 2015 | $2,448 | $384,620 | $171,000 | $213,620 |
| 2014 | $2,448 | $408,000 | $169,000 | $239,000 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2019
Patti Betts
EXP Realty LLC Mooresville
-
Nancy Hucks
Buyer's Agent in 2019
Nancy Hucks
Lake Norman Realty, Inc
(704) 655-2600
1 in this area
76 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: CAR3413515
APN: 4617033220560000
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