NOT LISTED FOR SALE

502 Big Indian Loop Unit 3 Mooresville, NC 28117

Estimated Value: $778,000 - $888,000

3 Beds
2.5 Baths
2,749 Sq Ft
$311/Sq Ft Est. Value

Last Sold March 14, 2024

Last sale price $887,000 $323 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $5,070/month

115 Days on Market

Highlights

  • Water Views
  • Wooded Lot
  • Wood Flooring
  • Lakeshore Elementary School Rated A-
  • Transitional Architecture
  • Covered patio or porch

About This Home

As of March 2024

Luxury living at its finest! This 1.64-acre estate offers water views and no HOA restrictions. A stunning wrap-around porch, two sheds, a basketball/pickleball court with stadium lights, and a 944 sq ft in-law suite set this property apart. Inside, find a spacious den, half bath, and large laundry room on the main floor. The living room features a gas fireplace, custom built-ins, crown molding, and French doors. The 2019 remodeled kitchen boasts quartz counters, a large island, and open shelves. The dining area opens to a back patio.Upstairs, a large master bedroom with walk-in closet and master bathroom, two more bedrooms, and a beautifully remodeled full bathroom await. The in-law suite offers endless possibilities. This remarkable property combines luxury, comfort, and convenience. home is selling as is. 2nd living quarters is not included in HLA due to having to go through garage to get there. Carpet being replaced in 2nd living quarters.

Last Agent to Sell the Property

Melanie Eatherton

Keller Williams Greenville Upstate Brokerage Email: MelanieEatherton@kw.com License #101737 Listed on: 09/09/2023

Keller Williams Greenville Upstate

Last Buyer's Agent

Ryan Massey

Keller Williams South Park License #319787

Keller Williams South Park

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,334

Year Built

  • Built in 1995

Lot Details

  • Wooded Lot
  • Property is zoned RA

Parking

  • 3 Car Garage
  • Driveway

Home Design

  • Transitional Architecture
  • Composition Roof
  • Hardboard

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Great Room with Fireplace
  • Water Views
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Gas Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Garden Bath

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Outdoor Features

  • Covered patio or porch
  • Fire Pit
  • Shed

Additional Homes

  • Separate Entry Quarters

Schools

  • Lakeshore Elementary And Middle School
  • Lake Norman High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Indian Forest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4648-13-3412.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,334

Year Built

Built in 1995

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Transitional
  • Year Built: 1995
  • Second Living Quarters: Separate Entrance,Separate Living Quarters,Upper Level Garage
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 240.05
  • Geocode Confidence: High
  • Attribution Contact: MelanieEatherton@kw.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Vinyl, Wood
  • Interior Amenities: Attic Other, Attic Stairs Pulldown, Breakfast Bar, Built-in Features, Cable Prewire, Garden Tub, Kitchen Island, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1442
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 1307
  • Appliances: Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker, Self Cleaning Oven
  • Other Equipment: Fuel Tank(s)
  • Above Grade Finished Sq Ft: 2749
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Fire Pit, Gas Log, Great Room
  • Living Area: 2749
  • Bedroom Main: 0
  • Room Count: 1
  • Sq Ft Other: 946

Exterior Features

  • Exterior Features: Fire Pit, Other - See Remarks
  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • View: Water, Winter, Year Round
  • Water Body Name: Lake Norman
  • Construction Type: Hardboard Siding
  • Other Structures: Shed(s)
  • Patio And Porch Features: Covered, Front Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 1094
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Forced Air, Propane
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level
  • Cooling: Ceiling Fan(s), Central Air
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Lakeshore
  • HOA Subject To: None

Lot Info

  • Lot Features: Wooded, Views
  • Lot Size Area: 1.64
  • Lot Size Units: Acres
  • Parcel Number: 4648-13-3412.000
  • Zoning: RA
  • Development Status: Completed
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RA

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Lakeshore
  • High School: Lake Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2023
Closed on
Mar 14, 2024
Sold by
Perdue James E and Foy Richell
Bought by
Johnson Matthew Randall and Johnson Britta Marie
Seller's Agent
Melanie Eatherton
Keller Williams Greenville Upstate
Buyer's Agent
Ryan Massey
Keller Williams South Park
List Price
$975,000
Sold Price
$887,000
Premium/Discount to List
-$88,000
-9.03%
Total Days on Market
115
Views
133
Current Estimated Value
$853,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,401
Avg. Annual Appreciation
-3.07%
Original Mortgage
$709,600
Outstanding Balance
$701,194
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$152,405

Purchase Details

Closed on
Jan 21, 2021
Sold by
Murphy Daniel S and Matiock Murphy Anita
Bought by
Perdue James and Foy Alvira Richell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2013
Sold by
Wettreich Herbert L and Wettreich Debra M
Bought by
Murphy Daniel S and Matlock Murphy Anita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 1994
Bought by
Wettreich Herb
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
Johnson Matthew Randall $887,000 Austin Title
Perdue James $560,000 None Available
Murphy Daniel S $387,000 None Available
Wettreich Herb -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Matthew Randall $709,600
Previous Owner Perdue James $504,000
Previous Owner Murphy Daniel S $69,450
Previous Owner Murphy Daniel S $13,500
Previous Owner Murphy Daniel S $307,000
Previous Owner Wettreich Herbert L $306,750
Previous Owner Wettreich Herbert L $110,000
Previous Owner Wettreich Dr Herbert L $174,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2024 03/14/24 Sold $887,000 -1.4% $323 / Sq Ft
01/01/2024 01/01/24 Price Changed $899,999 -5.3% $327 / Sq Ft
10/31/2023 10/31/23 Price Changed $950,000 -1.0% $346 / Sq Ft
10/30/2023 10/30/23 Price Changed $960,000 -1.5% $349 / Sq Ft
09/29/2023 09/29/23 For Sale $975,000 -- $355 / 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 $3,334 $554,840 $126,500 $428,340
2023 $3,334 $554,840 $126,500 $428,340
2022 $2,752 $428,940 $90,000 $338,940
2021 $2,748 $428,940 $90,000 $338,940
2020 $2,748 $428,940 $90,000 $338,940
2019 $2,619 $428,940 $90,000 $338,940
2018 $2,320 $379,630 $91,000 $288,630
2017 $2,320 $379,630 $91,000 $288,630
2016 $2,320 $379,630 $91,000 $288,630
2015 $2,320 $379,630 $91,000 $288,630
2014 $2,016 $353,870 $91,000 $262,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4068040

Canopy MLS (Canopy Realtor® Association)

APN: 4648-13-3412.000