$640,000
UNDER CONTRACT $55K PRICE DROP

545 Morrison Farm Rd Troutman, NC 28166

Estimated payment $3,985/month

Total Views 5,313
3 Beds
2.5 Baths
2,557 Sq Ft
$250 Price per Sq Ft

Highlights

  • Farmhouse Style Home
  • Bar Fridge
  • 2 Car Attached Garage
  • Wine Refrigerator
  • Front Porch
  • Laundry Room

About This Home

This modern farmhouse blends charm with sophistication offering a great location out in the country, yet close to everything in town. Enjoy entertaining in this beautiful home featuring an open floor plan, white kitchen, wine room, butlers pantry and a two story wall of windows looking out over the brand new 22 x 16 deck. Enjoy the gorgeous lighting throughout the home, the accent wall in the dining room and the 10 foot quartz kitchen island with a waterfall edge. The spacious primary suite features large windows with a view to the backyard and dual walk in closets. The primary bath has a dual vanity, soaking tub and a walk in shower. Upstairs the loft area is a great place for movie night, studying or gathering with friends. The 2 secondary bedrooms feature large closets and plenty of natural light. Experience this beautiful 1.24 acre lot where you can add a pool, an extra garage or whatever your plans may include. Huge price adjustment this week, make this your new home.

Listing Agent

Melissa Sanchez

Allen Tate Lake Norman Brokerage Email: melissa.sanchez@allentate.com License #300020 Listed on: 05/09/2025

Allen Tate Lake Norman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,766

Year Built

  • Built in 2023

Lot Details

  • Sloped Lot
  • Property is zoned RS

Parking

  • 2 Car Attached Garage

Home Design

  • Farmhouse Style Home
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Bar Fridge
  • Great Room with Fireplace
  • Vinyl Flooring
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Gas Range
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Wine Refrigerator

Bedrooms and Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Outdoor Features

  • Front Porch

Schools

  • Troutman Elementary And Middle School
  • South Iredell High School

Utilities

  • Central Air
  • Heat Pump System
  • Septic Tank

Community Details

  • Falls Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4629-75-8373.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,766

Year Built

Built in 2023

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Farmhouse
  • Year Built: 2023
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • Ratio CurrentPrice/TotalPropertyHLA: 250.29
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: melissa.sanchez@allentate.com
  • Special Features: 4226

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Vinyl
  • Interior Amenities: Attic Stairs Pulldown
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1678
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 879
  • Appliances: Bar Fridge, Dishwasher, Exhaust Hood, Gas Range, Microwave, Plumbed For Ice Maker, Refrigerator with Ice Maker, Wine Refrigerator
  • Other Equipment: Fuel Tank(s)
  • Above Grade Finished Sq Ft: 2557
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Great Room
  • Living Area: 2557
  • Bedroom Main: 1
  • Room Count: 9
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Winter
  • Water Body Name: Lake Norman
  • Construction Type: Vinyl
  • Patio And Porch Features: Front 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

Utilities

  • Heating: Electric, Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air
  • Utilities: Electricity Connected
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Features: Sloped, Views
  • Lot Size Area: 1.243
  • Lot Size Units: Acres
  • Parcel Number: 4629-75-8373.000
  • Development Status: Completed
  • Additional Parcels: No
  • Zoning Specification: RS

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Troutman
  • High School: South Iredell

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $5,766 $518,700 $70,000 $448,700
2023 $5,766 $70,000 $70,000 $0
2022 $579 $50,000 $50,000 $0
2021 $574 $50,000 $50,000 $0
2020 $574 $50,000 $50,000 $0
2019 $561 $50,000 $50,000 $0
2018 $335 $30,000 $30,000 $0
2017 $335 $30,000 $30,000 $0
2016 $335 $30,000 $30,000 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2025 07/19/25 Price Changed $640,000 -3.0% $250 / Sq Ft
07/16/2025 07/16/25 Price Changed $660,000 -2.2% $258 / Sq Ft
06/08/2025 06/08/25 Price Changed $675,000 -2.9% $264 / Sq Ft
05/09/2025 05/09/25 For Sale $695,000 -- $272 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $65,000 Faulkner Law Firm Pllc
Warranty Deed $65,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $427,350 Construction
Source: Public Records

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4245150

Canopy MLS (Canopy Realtor® Association)

APN: 4629-75-8373.000