NOT LISTED FOR SALE

Estimated Value: $869,000 - $967,000

3 Beds
2 Baths
1,310 Sq Ft
$697/Sq Ft Est. Value

Last Sold May 24, 2021

Last sale price $575,000 $439 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $5,420/month

107 Days on Market

Highlights

  • Waterfront
  • Cottage
  • Wood Burning Fireplace
  • Woodland Heights Elementary School Rated A-
  • Many Trees

About This Home

As of May 2021

Waterfront Cottage on Lake Norman with 154 feet of water frontage! This rustic 3 bedroom home would make a great second home for vacation getaways or be a fun fixer up project! You could even use this home as a VRBO because it is in Iredell county. Great room overlooks the water and has a wood burning fireplace. Open floor plan with a kitchen and breakfast area. The sloping lot makes for wonderful views of the water from the master bedroom and deck. There is a large 28 x 26 detached garage with power. This home sits in front of the popular Farms neighborhood and it is in the Lake Norman School district. Fantastic location with LOW Iredell county taxes! This lovely lot could also be used to build your dream home and design it with the perfect walk out basement. This lot is perfect because it has quick access to the main channel by boat, but your shoreline is protected in the quiet cove. PLEASE be careful when walking on the back deck and down to the pier. Home is being sold as-is.

Last Agent to Sell the Property

Summer Robinson Tabor

Lake Norman Realty, Inc License #193784 Listed on: 12/19/2020

Lake Norman Realty, Inc

Co-Listed By

Lance Armstrong

Lake Norman Realty, Inc License #189378

Last Buyer's Agent

Ann Stiles

NorthGroup Real Estate LLC License #268250

NorthGroup Real Estate LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1967

Lot Details

  • Waterfront
  • Many Trees

Parking

  • Gravel Driveway

Home Design

  • Cottage

Interior Spaces

  • 2 Full Bathrooms
  • Wood Burning Fireplace
  • Linoleum Flooring

Utilities

  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4627-10-5468.000

Home Details

Home Type

Single Family

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Cottage
  • Ratio Close Price By List Price: 0.92000
  • Ratio Close Price By Original Li: 0.92000
  • Ratio Current Price By Acre: 871212.12
  • Ratio Current Price By Sq Ft: 438.93
  • Year Built: 1967
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Block
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Dishwasher, Electric Oven, Refrigerator
  • Fireplace Description: Great Room, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Linoleum
  • Laundry Location: Main, Closet
  • Room Count: 1
  • Main Level Sq Ft: 1310
  • Total Sq Ft: 1310

Exterior Features

  • Construction: Concrete Block, Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Detached Garage, Garage - 2 Car

Utilities

  • Heating: Central Air, Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Schools

  • Elementary School: Woodland Heights
  • Middle School: Brawley
  • High School: Lake Norman

Lot Info

  • Lot Dimension: 154 WF X 175
  • Lot Features: Sloping, Trees, Water view, Waterfront
  • Lot Size Area: 0.660
  • Parcel Number: 4627-10-5468.000
  • Plat Reference Section Pages: 1461
  • Zoning Specification: R20

Tax Info

  • Tax Value: 469100.00
  • Tax Location: Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2020
Closed on
May 24, 2021
Sold by
Layton Legacy Trust
Bought by
Steinmann Carl and Osborne Daniel Brian
Seller's Agent
Summer Robinson Tabor
Lake Norman Realty, Inc
Buyer's Agent
Ann Stiles
NorthGroup Real Estate LLC
List Price
$625,000
Sold Price
$575,000
Premium/Discount to List
-$50,000
-8%
Current Estimated Value
$912,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$337,784
Avg. Annual Appreciation
13.04%
Original Mortgage
$431,250
Outstanding Balance
$397,399
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$553,098

Purchase Details

Closed on
Aug 14, 2018
Sold by
Layton Abbie Eudy
Bought by
Layton Arthur Olin and Layton Legacy Trust

Purchase Details

Closed on
Aug 1, 1986

Purchase Details

Closed on
Jun 1, 1978
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 Buyer Sale Price Title Company
Steinmann Carl $575,000 None Available
Layton Arthur Olin -- None Available
-- $39,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steinmann Carl $431,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2021 05/24/21 Sold $575,000 -8.0% $439 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
12/19/2020 12/19/20 For Sale $625,000 -- $477 / 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
2024 $4,028 $672,510 $540,000 $132,510
2023 $4,028 $672,510 $540,000 $132,510
2022 $3,030 $473,330 $380,000 $93,330
2021 $3,000 $469,100 $380,000 $89,100
2020 $3,000 $469,100 $380,000 $89,100
2019 $2,953 $469,100 $380,000 $89,100
2018 $2,442 $399,970 $320,000 $79,970
2017 $2,442 $399,970 $320,000 $79,970
2016 $1,221 $399,970 $320,000 $79,970
2015 $1,221 $399,970 $320,000 $79,970
2014 $1,155 $406,730 $320,000 $86,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3692425

Canopy MLS (Canopy Realtor® Association)

APN: 4627-10-5468.000