NOT LISTED FOR SALE

485 Sailboat Dr Salisbury, NC 28146

Estimated Value: $452,232 - $475,000

2 Beds
2 Baths
1,397 Sq Ft
$332/Sq Ft Est. Value

Last Sold March 21, 2024

Last sale price $430,000 $308 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,666/month

4 Days on Market

Highlights

  • Docks
  • In Ground Pool
  • Open Floorplan
  • Pier or Dock
  • Waterfront
  • Deck

About This Home

As of March 2024

What a find on High Rock Lake!!! 2 BR, 2 baths, almost 1,400 sf - WATERFRONT with pier, ramp (needs repair), older boat carport or could be picnic area!! Two lots (500B101 and 500B052) - lot across the road is for extra privacy or to be used as a future repair area for the septic! This home is nestled at the end of Sailboat and has tons of open space and great views! Step into den area off of cozy front porch which leads to two BRs and two baths - going down the hall you walk into an open kitchen/dining/living space that is open to lake views and an oversized lake side deck perfect for entertaining. In ground pool offers a liner that is approximately 4 years old and was last used in 2022. Lot offers gentle slope. Home is in need of updating and pier/ramp does needs repair thus the amazing price point. Come put your love into this home - and have it ready to enjoy summer living on High Rock Lake! Call today! Closed together with MLS#4108163 Boating Terrace for total of $450,000

Last Agent to Sell the Property

Teresa Rufty

TMR Realty, Inc. Brokerage Email: teresa@tmrrealtyinc.com License #210189 Listed on: 02/19/2024

Last Buyer's Agent

Jennifer Hill

Lake Homes Realty LLC License #265449

Lake Homes Realty LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1967

Lot Details

  • Waterfront
  • Fenced
  • Property is zoned RA

HOA Fees

  • $7 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,397 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Propane Fireplace
  • Family Room with Fireplace
  • Water Views
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Bathroom
  • Washer and Dryer

Outdoor Features

  • In Ground Pool
  • Docks
  • Deck
  • Covered Patio or Porch
  • Shed

Schools

  • Morgan Elementary School
  • C.C. Erwin Middle School
  • East Rowan High School

Utilities

  • Central Air
  • Heat Pump System
  • Baseboard Heating
  • Heating System Uses Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 500B101

Community Details

Overview

  • Summer Place HOA, Phone Number (704) 640-1785
  • Summer Place Subdivision
  • Mandatory home owners association

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Year Built

Built in 1967

Lot Details

0

HOA Fees

$7 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1967
  • Road Surface Type: Dirt, Gravel, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 307.80
  • Geocode Confidence: High
  • Attribution Contact: teresa@tmrrealtyinc.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Attic Stairs Pulldown, Breakfast Bar, Built-in Features, Open Floorplan
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1397
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Electric Range, Microwave, Refrigerator, Washer/Dryer
  • Above Grade Finished Sq Ft: 1397
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Family Room, Propane
  • Living Area: 1397
  • Bedroom Main: 2

Exterior Features

  • Exterior Features: Dock, In Ground Pool
  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Fencing: Fenced
  • View: Water
  • Water Body Name: High Rock Lake
  • Waterfront Features: Boat Ramp – Community, Boat Slip – Community, Pier - Community
  • Construction Type: Wood
  • Other Structures: Shed(s)
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, Garage Faces Side

Utilities

  • Heating: Baseboard, Electric, Heat Pump, Propane
  • Sewer: Septic Installed
  • Laundry Features: In Bathroom
  • Cooling: Central Air
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 80
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Summer Place HOA
  • Phone: 704-640-1785
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 80.00

Schools

  • Middle Or Junior School: C.C. Erwin
  • HOA Subject To: Required

Lot Info

  • Lot Features: Waterfront
  • Lot Size Units: Acres
  • Parcel Number: 500B101
  • Plat Book Slide: 9995/1020A
  • Lot Size: See GIS
  • Additional Parcels Description: 500B052
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RA

MLS Schools

  • Elementary School: Morgan
  • High School: East Rowan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2024
Closed on
Mar 20, 2024
Sold by
Cranford Shirley P
Bought by
Flint Justin Eugene
Seller's Agent
Teresa Rufty
TMR Realty, Inc.
Buyer's Agent
Jennifer Hill
Lake Homes Realty LLC
List Price
$445,000
Sold Price
$430,000
Premium/Discount to List
-$15,000
-3.37%
Views
96
Current Estimated Value
$463,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,808
Avg. Annual Appreciation
4.34%
Original Mortgage
$290,000
Outstanding Balance
$285,185
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$178,623
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Flint Justin Eugene -- None Listed On Document
Flint Justin Eugene -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flint Justin Eugene $290,000
Closed Flint Justin Eugene $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2024 03/21/24 Sold $430,000 -3.4% $308 / Sq Ft
02/19/2024 02/19/24 For Sale $445,000 -- $319 / 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 $2,745 $415,966 $175,000 $240,966
2024 $2,745 $415,966 $175,000 $240,966
2023 $2,745 $415,966 $175,000 $240,966
2022 $1,693 $229,626 $133,500 $96,126
2021 $1,633 $229,626 $133,500 $96,126
2020 $1,633 $229,626 $133,500 $96,126
2019 $1,633 $229,626 $133,500 $96,126
2018 $1,343 $190,382 $116,000 $74,382
2017 $1,343 $190,382 $116,000 $74,382
2016 $1,343 $190,382 $116,000 $74,382
2015 $1,364 $190,382 $116,000 $74,382
2014 $1,358 $193,294 $116,000 $77,294
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4108058

Canopy MLS (Canopy Realtor® Association)

APN: 500-B101