NOT LISTED FOR SALE

576 Morrison Farm Rd Troutman, NC 28166

Estimated Value: $681,000 - $825,000

4 Beds
2.5 Baths
2,812 Sq Ft
$271/Sq Ft Est. Value

Last Sold August 26, 2020

Last sale price $400,000 $142 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $4,394/month

132 Days on Market

Highlights

  • Open Floorplan
  • Ranch Style House
  • Tray Ceiling
  • Wooded Lot
  • Fireplace
  • Walk-In Closet

About This Home

As of August 2020

SIGNIFICANT PRICE REDUCTION and move-in ready! Custom builder's personal home is located on over an acre of privacy with seasonal water views. Plus, minutes from all that Lake Norman State Park offers. Additional storage for your boat, trailer and vehicles is around the corner. This highly sought after, impeccably maintained all brick ranch, with open floor plan and split living quarters, is perfect for entertaining inside and out. Some of the many key features include a formal dining room with tray ceiling, Chef's kitchen with custom cabinets and huge island/work space, spacious family room with fireplace and an oversized covered deck ideal for relaxing, grilling and eating outside. The spacious master bedroom retreat has a huge soaking tub, walk-in shower and double vanities. The other bedrooms and bathroom are on the opposite side of the home and a home office is right at the front door. Lake Norman State Park is minutes away where you can hike, bike , picnic or launch your boat.

Last Agent to Sell the Property

Pam Boileau

Ivester Jackson Christie's License #277630 Listed on: 03/03/2020

Last Buyer's Agent

Elizabeth Preston

EXP Realty LLC Mooresville License #251453

EXP Realty LLC Mooresville

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • Level Lot
  • Wooded Lot

HOA Fees

  • $58 Monthly HOA Fees

Parking

  • 2

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • Open Floorplan
  • Tray Ceiling
  • Fireplace
  • Insulated Windows
  • Storage Room
  • Crawl Space
  • Breakfast Bar

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet
  • Garden Bath

Outdoor Features

  • Shed

Utilities

  • Heating System Uses Propane
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • Bam Association, Phone Number (704) 829-7878

Listing and Financial Details

  • Assessor Parcel Number 4629-74-2827.000

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

HOA Fees

$58 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Ranch
  • Ratio Close Price By List Price: 0.98888
  • Ratio Close Price By Original Li: 0.94229
  • Ratio Current Price By Acre: 353982.30
  • Ratio Current Price By Sq Ft: 142.25
  • Year Built: 2007
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Doors and Windows: g-Insulated Door(s), Insulated Windows
  • Equipment: CO Detector, Cable Prewire, Cooktop Electric, Disposal, Dishwasher, Electric Dryer Hookup, Electric Range, Exhaust Fan, Ice Maker Connection, Microwave, Self Cleaning Oven, Security System, Surround Sound, Electric Oven
  • Fireplace Description: FAMILYRM
  • Fireplace: Yes
  • H O A Management Phone: 704-829-7878
  • Interior Amenities: Breakfast Bar, Built-Ins, Cable Available, Garden Tub, Open Floorplan, Split BR Plan, Storage Unit, Tray Ceiling, Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 2812
  • Total Sq Ft: 2812

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Exterior Features: Shed(s), Wired Internet Available

Garage/Parking

  • Parking: Garage - 2 Car

Utilities

  • Heating: Central Air, Heat Pump - AC, Heat Pump - Heat, Propane
  • Sewer: Septic Installed
  • Water: Community Well
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 700.00
  • Association Fee Frequency: Annually
  • HOA Management Company: BAM
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Features: Level, Water view, Wooded
  • Parcel Number: 4629-74-2827.000
  • Plat Reference Section Pages: 944-945
  • Zoning Specification: R20

Tax Info

  • Tax Value: 387540.00
  • Tax Location: Troutman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2020
Closed on
Aug 26, 2020
Sold by
Bowen Geoffrey and Bowen Deborah M
Bought by
Conlin David Michael and Conlin Alissa
Seller's Agent
Pam Boileau
Ivester Jackson Christie's
Buyer's Agent
Elizabeth Preston
EXP Realty LLC Mooresville
List Price
$424,500
Sold Price
$400,000
Premium/Discount to List
-$24,500
-5.77%
Current Estimated Value
$762,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$362,852
Avg. Annual Appreciation
12.72%
Original Mortgage
$380,000
Outstanding Balance
$334,147
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$428,705

Purchase Details

Closed on
Dec 12, 2016
Sold by
Efc Enterprises Llc
Bought by
Bowen Geoffrey and Bowen Deborah M

Purchase Details

Closed on
Jan 27, 2009
Sold by
Efc Associates Inc
Bought by
Efc Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.24%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Conlin David Michael $400,000 First American
Bowen Geoffrey -- None Available
Efc Enterprises Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Conlin David Michael $380,000
Previous Owner Efc Enterprises Llc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2020 08/26/20 Sold $400,000 -1.1% $142 / Sq Ft
07/13/2020 07/13/20 Pending -- -- --
06/18/2020 06/18/20 Price Changed $404,500 -2.9% $144 / Sq Ft
05/14/2020 05/14/20 Price Changed $416,500 -1.9% $148 / Sq Ft
03/03/2020 03/03/20 For Sale $424,500 0.0% $151 / Sq Ft
03/10/2015 03/10/15 Rented $1,825 -3.7% --
03/05/2015 03/05/15 Under Contract -- -- --
01/29/2015 01/29/15 For Rent $1,895 -5.0% --
04/01/2013 04/01/13 Rented $1,995 +5.3% --
03/02/2013 03/02/13 Under Contract -- -- --
10/25/2012 10/25/12 For Rent $1,895 -- --
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 $4,165 $684,210 $65,000 $619,210
2024 $4,165 $684,210 $65,000 $619,210
2023 $4,165 $684,210 $65,000 $619,210
2022 $2,704 $414,740 $55,000 $359,740
2021 $2,488 $387,540 $55,000 $332,540
2020 $2,488 $387,540 $55,000 $332,540
2019 $2,391 $387,540 $55,000 $332,540
2018 $2,038 $332,330 $55,000 $277,330
2017 $2,038 $332,330 $55,000 $277,330
2016 $2,038 $332,330 $55,000 $277,330
2015 $2,038 $332,330 $55,000 $277,330
2014 $2,001 $354,360 $55,000 $299,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3597046

Canopy MLS (Canopy Realtor® Association)

APN: 4629-74-2827.000