NOT LISTED FOR SALE

562 Normandy Rd Mooresville, NC 28117

Estimated Value: $410,000 - $567,000

2.01 Acres
$254,395 Price per Acre
87,556 Sq Ft Lot

Last Sold August 25, 2023

Last sale price $454,000

Est. 2% increase in value since last sale

Current estimated payment $2,783/month

205 Days on Market

Highlights

  • Waterfront
  • 2.01 Acre Lot
  • No HOA
  • Lakeshore Elementary School Rated A-
  • Wooded Lot

About This Lot

As of August 2023

Exceptional and Rare Lake Norman Lot!! 562 Normandy offers the rare combination of land, waterfront, and privacy all on one lot!! This 2 acre waterfront lot with over 350 feet of Lake Norman Shoreline is your blank canvas to build the home of your dreams! Want to see what's possible? Plans for a home on this lot have been developed and have been shared in the photos. This lot did have a previous dwelling with electricity and well and septic installed. Iredell County said the lot can be split as long as the minimum lot size is 3000 ft.²; roughly .7 acre would be minimum size and each lot would have to adhere to the 50 foot buffer off of the lake. Just minutes from shopping and dining in Mooresville. No HOA. If you want waterfront land, privacy, peace & quiet, but still close enough to everything you need...this is it! Included are the elevation plans for a home the sellers originally intended to build on this lot.

Last Agent to Sell the Property

Steve Lonnen

Real Broker, LLC License #293592 Listed on: 01/13/2023

Real Broker, LLC

Last Buyer's Agent

Non Member

Canopy Administration

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,824

Lot Details

  • 2.01 Acre Lot
  • Waterfront
  • Sloped Lot
  • Wooded Lot
  • Possible uses of the property include Residential
  • Property is zoned R20

Schools

  • Lakeshore Elementary And Middle School
  • Lake Norman High School

Additional Features

  • Water Views
  • Crawl Space
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4638-42-6440.000

Property Details

Property Type

Land

Est. Annual Taxes

$2,824

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: No Representation
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Crawl Space
  • Possible Use: Residential
  • Basement YN: Yes
  • Room Count: 0

Exterior Features

  • View: Water
  • Water Body Name: Lake Norman
  • Waterfront Features: Lake, None

Garage/Parking

  • Garage Yn: No
  • Open Parking: No

Utilities

  • Sewer: Septic Installed
  • Water Source: Well

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Lot Features: Sloped, Wooded, Waterfront
  • Lot Size Area: 2.01
  • Lot Size Units: Acres
  • Parcel Number: 4638-42-6440.000
  • Can Be Subdivided: 1
  • Lot Size Acres: 2.01
  • Lot Size Sq Ft: 87555
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R20

MLS Schools

  • Elementary School: Lakeshore
  • High School: Lake Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2024
Sold by
Jent Courtney Lee and Jent Carly Deanne
Bought by
Jent Family Trust and Jent
Current Estimated Value
$465,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$986,000
Outstanding Balance
$973,407
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
-$541,407

Purchase Details

Listed on
Jun 7, 2019
Closed on
May 29, 2020
Sold by
Ashe Kenneth L and Ashe Linda E
Bought by
Morris Jordan V and Morris Barry
Seller's Agent
Donna Sintay
Keller Williams Unified
Buyer's Agent
Steve Gift
Berkshire Hathaway HomeServices Carolinas Realty
List Price
$275,000
Sold Price
$240,000
Premium/Discount to List
-$35,000
-12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.94%
Original Mortgage
$180,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 1992

Purchase Details

Closed on
Nov 1, 1991
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
Jent Family Trust -- None Listed On Document
Morris Jordan V $240,000 Investors Title Company
-- $27,800 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jent Family Trust $986,000
Previous Owner Morris Jordan V $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $454,000 -9.0% --
07/01/2023 07/01/23 For Sale $499,000 +9.9% --
06/30/2023 06/30/23 Off Market $454,000 -- --
04/07/2023 04/07/23 Price Changed $499,000 -5.0% --
01/13/2023 01/13/23 For Sale $525,000 +118.8% --
06/01/2020 06/01/20 Sold $240,000 -4.0% --
02/10/2020 02/10/20 Pending -- -- --
12/28/2019 12/28/19 Price Changed $249,900 -9.1% --
06/07/2019 06/07/19 For Sale $275,000 -- --
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 $2,824 $450,000 $450,000 $0
2023 $2,655 $450,000 $450,000 $0
2022 $1,428 $227,500 $227,500 $0
2021 $1,453 $227,500 $227,500 $0
2020 $1,454 $227,500 $227,500 $0
2019 $1,482 $234,420 $227,500 $6,920
2018 $1,198 $187,490 $180,000 $7,490
2017 $1,198 $187,490 $180,000 $7,490
2016 $1,198 $187,490 $180,000 $7,490
2015 $1,198 $187,490 $180,000 $7,490
2014 $1,096 $188,060 $180,000 $8,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3933500

Canopy MLS (Canopy Realtor® Association)

APN: 4638-42-6440.000