NOT LISTED FOR SALE

586 Pearl Bay Dr New London, NC 28127

Estimated Value: $1,193,000 - $1,364,000

1.09 Acres
$1,186,224 Price per Acre
47,480 Sq Ft Lot

Last Sold April 18, 2022

Last sale price $335,000

Est. 286% increase in value since last sale

Current estimated payment $7,196/month

397 Days on Market

Highlights

  • Pier
  • Gated Community
  • Community Lake
  • RV or Boat Storage in Community
  • Waterfront
  • Clubhouse

About This Lot

As of April 2022

Frame this view with the Home of Your Dreams. One of the few available homesites on Badin Lake qualifying for a Single Private Pier. Nestled in the private Heron Bay Community with an automatic security gate, club house, paved boat ramp, paved walking trails, and boat storage. This level waterfront home site on over an acre, embraces 200 feet of shoreline overlooking the main channel of Badin Lake. Discover one of the North Carolina's best kept secrets in the Uwharrie Lakes and Mountains. East of Charlotte and just an hour drive from Charlotte, Greensboro or Winston Salem. ……... A Sustaining Value with Sustaining Memories.

Last Agent to Sell the Property

David Wittman

Lake Homes Realty LLC License #247564 Listed on: 03/17/2021

Lake Homes Realty LLC

Last Buyer's Agent

Emily Hartleben

Becki Rice Realty License #311625

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,025

Lot Details

  • Lot Dimensions are 80x333x200x371
  • Waterfront
  • Private Lot
  • Level Lot
  • Wooded Lot
  • Possible uses of the property include Recreational/2nd House, Residential

HOA Fees

  • $59 Monthly HOA Fees

Utilities

  • Underground Utilities
  • Well Required
  • Septic Equal To The Number Of Bedrooms: 4
  • Septic Needed
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 6662-07-77-4812

Community Details

Overview

  • Cedar Management Group Association, Phone Number (704) 644-8808
  • Heron Bay Subdivision
  • Mandatory home owners association
  • Community Lake

Recreation

  • RV or Boat Storage in Community
  • Recreation Facilities
  • Trails
  • Pier
  • Access To Lake

Additional Features

  • Clubhouse
  • Security
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$4,025

Lot Details

0

HOA Fees

$59 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Habitable Residence Yn: No
  • Ratio Current Price By Acre: 307339.45
  • Restrictions: Architectural Review,Manufactured Home Not Allowed
  • Road Frontage Type: Private Maintained Road
  • Road Surface Type: Paved
  • Structure Type: Lot
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance, Basement Partially Finished
  • Fixture Exception Yn: 0
  • Possible Use: Recreational/2nd House, Residential

Exterior Features

  • Exterior Features: Underground Power Lines, Wired Internet Available
  • Tax Location: Troy
  • Construction Type: Site Built
  • Water Body Name: Badin Lake
  • Waterfront Features: Boat Ramp – Community, Boat Slip – Community, Pier

Utilities

  • Sewer: Septic Needed
  • Bedrooms Septic: 4
  • Utilities: Electricity Available, Fiber Optics, Underground Utilities
  • Water Source: Well Needed

Condo/Co-op/Association

  • Community Features: Clubhouse, Gated, Lake, Lake Access, Recreation Area, RV/Boat Storage, Security, Street Lights, Walking Trails
  • Association Fee: 710
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Cedar Management Group
  • Phone: 704-644-8808
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Features: Lake Access, Level, Private, Wooded, Waterfront, Year Round View
  • Lot Size Units: Acres
  • Parcel Number: 6662-07-77-4812
  • Out Buildings Yn: 0
  • Can Be Subdivided: 0
  • Plat Reference Section Pages: C-83c
  • Lot Size: 80x333x200x371
  • Zoning Description: RES

Tax Info

  • RATIO List Price By Tax Amount: 1.26606

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2021
Closed on
Apr 5, 2022
Sold by
Spb Llc
Bought by
Shirley Kimberly Boatwright and Shirley Augustus Graham
Seller's Agent
David Wittman
Lake Homes Realty LLC
Buyer's Agent
Emily Hartleben
Becki Rice Realty
List Price
$345,000
Sold Price
$335,000
Premium/Discount to List
-$10,000
-2.9%
Current Estimated Value
$1,292,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$957,984
Avg. Annual Appreciation
46.61%

Purchase Details

Closed on
Oct 17, 2006
Sold by
Kucera Michael and Kucera Nancy
Bought by
Spb Llc
Source: Public Records

Range of Values:

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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
Shirley Kimberly Boatwright $335,000 Costner Law Office Pllc
Spb Llc $341,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2022 04/18/22 Sold $335,000 -2.9% --
02/03/2022 02/03/22 For Sale $345,000 +3.0% --
01/22/2022 01/22/22 Off Market $335,000 -- --
03/17/2021 03/17/21 For Sale $345,000 -- --
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
2025 $4,025 $773,915 $272,250 $501,665
2024 $4,025 $587,643 $272,250 $315,393
2023 $1,865 $272,250 $272,250 $0
2022 $1,865 $272,250 $272,250 $0
2021 $1,824 $272,250 $272,250 $0
2020 $1,824 $272,250 $272,250 $0
2018 $1,839 $272,500 $272,500 $0
2017 $1,839 $272,500 $272,500 $0
2016 $1,839 $272,500 $272,500 $0
2015 $1,717 $272,500 $0 $0
2014 $1,717 $272,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3718281

Canopy MLS (Canopy Realtor® Association)

APN: 6662-07-77-4812