NOT LISTED FOR SALE

422 Shoreline Rd Unit 112&113 New London, NC 28127

Estimated Value: $644,000 - $770,000

4 Beds
3 Baths
1,912 Sq Ft
$378/Sq Ft Est. Value

Last Sold October 31, 2018

Last sale price $400,000 $209 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $3,978/month

86 Days on Market

Highlights

  • Waterfront
  • Community Lake
  • Shed
  • A-Frame Home
  • Wood Burning Stove
  • Tile Flooring

About This Home

As of October 2018

A Million Dollar view for less than half the price! Home and TWO lots perfectly situated at the mouth of Skier's Cove, this large A-Frame home is the perfect getaway home for you, your family and your friends. Lake-side entrance features tile floors and the family room and kitchen, along with a bath conveniently located on the same level near lakeside. Three bedrooms and one full bath are located on the middle level, along with a den & balcony while still another bedroom and another bath are located upstairs.
With tons of parking and ample storage, you'll never want for space for your friends to park or to store your 'toys'. Beautiful new floating pier and fully enclosed boathouse. Priced over $100,000 below tax value this is a true value on the lake.
Consider:Perfect viewing spot to watch your friends and family skiing.
Uwharrie National Forrest right across the channel, the fall colors are amazing!
Adjacent Lot 112, perfectly shaded lawn could be developed for added value.

Last Agent to Sell the Property

Lee Allen

Corcoran HM Properties License #211466 Listed on: 06/17/2018

Corcoran HM Properties

Last Buyer's Agent

Ramona Ingram

Badin Lake Realty License #74529

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1981

Lot Details

  • 0.31

Home Design

  • A-Frame Home
  • Brick Exterior Construction

Interior Spaces

  • 3 Full Bathrooms
  • 3-Story Property
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Insulated Windows

Flooring

  • Carpet
  • Tile

Additional Features

  • Shed
  • Waterfront
  • Ductless Heating Or Cooling System

Community Details

  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 6672-08-78-8831

Home Details

Home Type

Single Family

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 3 Story
  • Architectural Style: A-Frame
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 0.88889
  • Ratio Current Price By Acre: 1290322.58
  • Ratio Current Price By Sq Ft: 209.21
  • Year Built: 1981
  • Special Features: None
  • Stories: 3

Interior Features

  • Foundation Details: Basement Fully Finished
  • Upper Level Sq Ft: 217
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Doors and Windows: Insulated Windows
  • Equipment: Ceiling Fan(s), Dishwasher, Electric Range, Microwave, Refrigerator, Electric Oven
  • Fireplace Description: FAMILYRM, Wood Burning, Woodstove
  • Flooring: Carpet, Tile
  • Room Count: 3
  • Sq Ft Basement: 905
  • Main Level Sq Ft: 790
  • Total Sq Ft: 1912

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Exterior Features: Shed(s)
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Detached Garage, Parking Space - 4+

Utilities

  • Heating: Central Air, Ductless/Mini-Split System, Heat Pump - AC, Heat Pump - Heat, Woodstove
  • Sewer: County Sewer
  • Water: County Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Lake
  • Hoa Subject To Dues: Voluntary

Lot Info

  • Lot Dimension: 115 x 100
  • Lot Features: Mountain View, Waterfront, Lake, Year Round View
  • Parcel Number: 6672-08-78-8831
  • Zoning Specification: Res

Tax Info

  • Tax Value: 507600.00
  • Tax Location: Montgomery

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2018
Closed on
Oct 18, 2018
Sold by
Floody Kyle James and Floody Kathleen M
Bought by
Allen Leonard Jonathan Michael and Allen Leonard Army
Seller's Agent
Lee Allen
Corcoran HM Properties
Buyer's Agent
Ramona Ingram
Badin Lake Realty
List Price
$450,000
Sold Price
$400,000
Premium/Discount to List
-$50,000
-11.11%
Current Estimated Value
$722,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,326
Avg. Annual Appreciation
8.82%
Original Mortgage
$360,000
Outstanding Balance
$270,586
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$451,740
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
Allen Leonard Jonathan Michael $400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Leonard Jonathan Michael $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2018 10/31/18 Sold $400,000 0.0% $209 / Sq Ft
09/12/2018 09/12/18 Pending -- -- --
08/08/2018 08/08/18 Price Changed $400,000 -90.0% $209 / Sq Ft
08/08/2018 08/08/18 Price Changed $4,000,000 +788.9% $2,092 / Sq Ft
06/17/2018 06/17/18 For Sale $450,000 -- $235 / 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 $2,367 $334,453 $143,100 $191,353
2024 $2,367 $334,453 $143,100 $191,353
2023 $2,369 $334,453 $143,100 $191,353
2022 $2,371 $334,453 $143,100 $191,353
2021 $2,284 $334,453 $143,100 $191,353
2020 $2,286 $334,453 $143,100 $191,353
2018 $2,822 $418,000 $143,100 $274,900
2017 $2,822 $418,000 $143,100 $274,900
2016 $2,822 $418,000 $143,100 $274,900
2015 $2,683 $418,000 $0 $0
2014 $2,683 $417,995 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3403770

Canopy MLS (Canopy Realtor® Association)

APN: 6672-08-78-8831