NOT LISTED FOR SALE

550 Lake Head Rd Norwood, NC 28128

Estimated Value: $492,000 - $819,000

0.2 Acre
$3,363,495 Price per Acre
8,712 Sq Ft Lot

Last Sold August 16, 2018

Last sale price $160,000

Est. 308% increase in value since last sale

Current estimated payment $3,905/month

172 Days on Market

Highlights

  • Waterfront
  • Community Lake
  • Wooded Lot

About This Lot

As of August 2018

Rare gently sloping to flat main channel Lake Tillery lot with long range views. Build you dream house on this fantastic location. No HOA regulations or fees. Leased portion from Duke Progress Energy adds extra yard area.

Last Agent to Sell the Property

Robert Patterson

Lake Tillery Properties LLC License #266502 Listed on: 11/07/2017

Last Buyer's Agent

Robert Patterson

Lake Tillery Properties LLC License #266502 Listed on: 11/07/2017

Property Details

Property Type

  • Land

Lot Details

  • Waterfront
  • Wooded Lot

Community Details

  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 6574-03-03-5136

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.80402
  • Ratio Close Price By Original Li: 0.76190
  • Ratio Current Price By Acre: 800000.00
  • Restrictions: Modular Allowed
  • Special Features: None

Exterior Features

  • Construction Type: Off Frame Modular, Site Built
  • Publically Maintained Road: Yes

Utilities

  • Sewer: City Sewer, Tap Fee Required
  • Water: City Water, Connection Fee Required

Condo/Co-op/Association

  • Community Features: Lake

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: 85x100x100x95
  • Lot Features: Waterfront, Long Range View, Lake, Wooded
  • Lot Size Area: 0.200
  • Parcel Number: 6574-03-03-5136
  • Zoning Specification: R-20

Tax Info

  • Tax Value: 188600.00
  • Tax Location: Norwood

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2017
Closed on
Aug 16, 2018
Sold by
Gillespie Breck Lynn
Bought by
Burris Jeffrey W and Burris Jennifer A
Seller's Agent
Robert Patterson
Lake Tillery Properties LLC
Buyer's Agent
Robert Patterson
Lake Tillery Properties LLC
List Price
$210,000
Sold Price
$160,000
Premium/Discount to List
-$50,000
-23.81%
Current Estimated Value
$653,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$493,565
Avg. Annual Appreciation
21.65%

Purchase Details

Closed on
Jun 26, 2017
Sold by
Upright Lori Jane Gillespie and Potts Cindy
Bought by
Gillespie Breck Lynn
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
Burris Jeffrey W $160,000 None Available
Gillespie Breck Lynn -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burris Jeffrey W $259,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2018 08/16/18 Sold $160,000 -23.8% --
04/28/2018 04/28/18 Pending -- -- --
11/07/2017 11/07/17 For Sale $210,000 -- --
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 $4,129 $404,826 $196,800 $208,026
2023 $4,129 $404,826 $196,800 $208,026
2022 $4,048 $404,826 $196,800 $208,026
2021 $4,048 $404,826 $196,800 $208,026
2020 $1,979 $188,600 $188,600 $0
2019 $1,999 $188,600 $188,600 $0
2018 $1,999 $188,600 $188,600 $0
2017 $1,999 $188,600 $188,600 $0
2016 $1,825 $172,200 $172,200 $0
2015 $1,861 $172,200 $172,200 $0
2014 $1,579 $172,200 $172,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3336996

Canopy MLS (Canopy Realtor® Association)

APN: 6574-03-03-5136