NOT LISTED FOR SALE

587 Barber Loop Mooresville, NC 28117

Estimated Value: $1,735,000 - $2,254,614

4 Beds
4.5 Baths
5,299 Sq Ft
$378/Sq Ft Est. Value

Last Sold September 25, 2019

Last sale price $947,000 $179 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $10,846/month

88 Days on Market

Highlights

  • In Ground Pool
  • Waterfront
  • Attached Garage
  • Woodland Heights Elementary School Rated A-
  • Whirlpool Bathtub
  • Walk-In Closet

About This Home

As of September 2019

Priced below tax value!!! Escape the ordinary in this custom waterfront lodge that was masterfully created over 15 months! Enjoy over 5000 sq ft of living space including second living quarters complete with its own kitchen, fp, and screened porch. This spectacular home offers all the bells and whistles including master on main with access to the covered waterview porch, gorgeous kitchen with granite counters and center island, and a dramatic two story great room with floor to ceiling stone fireplace all minutes from dining, shopping, and the interstate on the desirable Brawley School Road Peninsula. Come enjoy all the amenities this home has to offer...Spend a day on Lake Norman from your covered dock with 10,000 pound boat lift or kick off your shoes and take a dip in your salt water heated gunite pool then round out the day watching tv under the cool breeze in the adjacent pavilion with ceiling fan. This amazing home comes complete with space for RV parking and 1 year home warranty.

Last Agent to Sell the Property

Allyson Burns

Howard Hanna Allen Tate Mooresville/LKN License #270720 Listed on: 05/04/2019

Howard Hanna Allen Tate Mooresville/LKN

Last Buyer's Agent

Kelly Meyer

Vessel Realty License #285766

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • 0.99

Parking

  • Attached Garage

Home Design

  • Cabin
  • Log Siding

Kitchen

  • Breakfast Bar
  • Kitchen Island

Bedrooms and Bathrooms

  • Walk-In Closet
  • Whirlpool Bathtub

Outdoor Features

  • In Ground Pool
  • Fire Pit

Utilities

  • Septic Tank
  • Cable TV Available

Additional Features

  • Gas Log Fireplace
  • Waterfront

Listing and Financial Details

  • Assessor Parcel Number 4626-00-8937.000

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

0

Parking

4

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Cabin
  • Ratio Close Price By List Price: 0.99684
  • Ratio Close Price By Original Li: 0.90190
  • Ratio Current Price By Acre: 956565.66
  • Ratio Current Price By Sq Ft: 178.71
  • Year Built: 2005
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement
  • Upper Level Sq Ft: 1265
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Total Bedrooms: 4
  • Equipment: Cable Prewire, Ceiling Fan(s), Dishwasher, Disposal, Electric Dryer Hookup, Ice Maker Connection, Microwave, Natural Gas, Network Ready
  • Fireplace Description: Gas Logs, Great Room, Rec Room
  • Fireplace: Yes
  • Fixture Exception Description: Hot Tub
  • Fixture Exception Yn: Yes
  • Interior Amenities: Breakfast Bar, Built-Ins, Cable Available, Kitchen Island, Pantry, Walk-In Closet(s), Whirlpool
  • Laundry Location: Upper, Basement, Laundry Room
  • Room Count: 3
  • Second Living Quarters: Interior Connected, Separate Kitchen Facilities, Separate Living Quarters
  • Sq Ft Basement: 1946
  • Main Level Sq Ft: 2088
  • Total Sq Ft: 5299

Exterior Features

  • Construction: Log
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, Fire pit, Pool-In-Ground

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 4+ Car, Garage Door Opener, Golf Cart Garage, Keypad Entry, Tandem Garage

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Heat Pump - Heat, Humidifier
  • Sewer: Septic Installed
  • Water: Shared Well
  • Water Heater: Natural Gas, g-On-Demand Water Heater

Lot Info

  • Lot Features: Water view, Waterfront
  • Parcel Number: 4626-00-8937.000
  • Zoning Specification: RR

Tax Info

  • Tax Value: 1022830.00
  • Tax Location: Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2019
Closed on
Sep 19, 2019
Sold by
Gerdes Mark D and Gerdes Margaret
Bought by
Smith Raymond Lloyd and Smith Andrea Ward
Seller's Agent
Allyson Burns
Howard Hanna Allen Tate Mooresville/LKN
Buyer's Agent
Kelly Meyer
Vessel Realty
List Price
$1,050,000
Sold Price
$947,000
Premium/Discount to List
-$103,000
-9.81%
Current Estimated Value
$2,004,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,057,654
Avg. Annual Appreciation
12.66%

Purchase Details

Closed on
Jun 25, 2014
Sold by
Banzhof Frank S and Banzhof Daphne D
Bought by
Gerdes Mark D and Gerdes Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
4.23%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 21, 2005
Sold by
Banzhof William Stanley and Banzhof Janet Jones
Bought by
Banzhof Frank Stanley and Banzhof Daphne Dalton

Purchase Details

Closed on
Jun 1, 1979
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
Smith Raymond Lloyd $947,000 Title Company Of Nc
Gerdes Mark D $880,000 The Title Co Of North Caroli
Banzhof Frank Stanley -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gerdes Mark D $243,000
Previous Owner Gerdes Mark D $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2019 09/25/19 Sold $947,000 -0.3% $179 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
07/26/2019 07/26/19 Price Changed $950,000 -2.6% $179 / Sq Ft
06/19/2019 06/19/19 Price Changed $975,000 -2.0% $184 / Sq Ft
06/16/2019 06/16/19 Price Changed $994,900 0.0% $188 / Sq Ft
05/30/2019 05/30/19 Price Changed $995,000 -2.9% $188 / Sq Ft
05/21/2019 05/21/19 Price Changed $1,024,900 -2.4% $193 / Sq Ft
05/04/2019 05/04/19 For Sale $1,050,000 -- $198 / Sq Ft
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 $4,482 $1,509,210 $468,750 $1,040,460
2024 $4,482 $1,509,210 $468,750 $1,040,460
2023 $4,482 $1,509,210 $468,750 $1,040,460
2022 $6,474 $1,022,830 $300,000 $722,830
2021 $6,474 $1,022,830 $300,000 $722,830
2020 $6,474 $1,022,830 $300,000 $722,830
2019 $6,372 $1,022,830 $300,000 $722,830
2018 $5,414 $897,360 $300,000 $597,360
2017 $5,414 $897,360 $300,000 $597,360
2016 $5,170 $856,560 $300,000 $556,560
2015 $5,086 $842,560 $300,000 $542,560
2014 $3,553 $630,770 $280,000 $350,770
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3503188

Canopy MLS (Canopy Realtor® Association)

APN: 4626-00-8937.000