NOT LISTED FOR SALE

640 Waters Rd Salisbury, NC 28146

Estimated Value: $1,137,000 - $1,242,000

3 Beds
4.5 Baths
5,200 Sq Ft
$228/Sq Ft Est. Value

Last Sold September 03, 2015

Last sale price $515,000 $99 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $6,625/month

13 Days on Market

Highlights

  • Tennis Courts
  • Wood Flooring
  • 8 Car Garage
  • Transitional Architecture
  • Great Room with Fireplace
  • Porch

About This Home

As of September 2015

Beautiful Waterfront Home on High Rock Lake, the 2nd largest lake in NC. This northern exposure offers 4 bedrooms, 4.5 baths, side load 2 car & detached 2 car w/ rec room above. Finished walk-out basement w/ bedroom, full bath, living rm w/ fireplace, bar & more. Master on main w/ floor to ceiling windows w/ tons of light and lake views. Wood floors, cathedral ceilings, upper & lower decks. Large pier & No bridge restrictions & direct access to waterfront dining and more. Start Lake Living Today!

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,170

Year Built

  • Built in 1999

Lot Details

  • 0.73 Acre Lot

Parking

  • 8 Car Garage

Home Design

  • Transitional Architecture
  • Wood Siding
  • Vinyl Siding
  • Stone

Interior Spaces

  • 4,914 Sq Ft Home
  • 4,400-5,200 Sq Ft Home
  • Property has 2 Levels
  • Great Room with Fireplace
  • Cooktop
  • Finished Basement

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Soaking Tub

Outdoor Features

  • Tennis Courts
  • Porch

Schools

  • Charles C. Erwin Middle School
  • East Rowan High School

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Electric Water Heater

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 614 061
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,170

Year Built

Built in 1999

Lot Details

0.73 Acres

Parking

8

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.73
  • Lot Size: 140(Water) x 396 x 100 x 295
  • Subdivision Name: None
  • Directions: Bringle Ferry Rd, Left on Providence Church Rd. Right on Waters Rd. (Waters Edge Subdivision) Home is on the Left.
  • Above Grade Finished Sq Ft: 4914
  • Architectural Style: Transitional
  • Unit Levels: Two
  • Year Built: 1999
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_HeatedFinishedBasementSqFtRange: 1500 - 1900
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 4400 - 5200
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_CityLimitsYN: No
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • TRIADMLS_ElevatorYN: No
  • TRIADMLS_AdCopy: Beautiful Waterfront Home in Waters Edge Waterfront Community on NC's 2nd Largest Lake! (High Rock) This Home has Total WOW Factor! 4 Bedroom, 4.5 baths, almost 5,000 Sq.Ft, w/140 ft. of Water Frontage! A MUST SEE! www.LandOrLakeRealty.com 704-636-7373
  • Special Features: None

Interior Features

  • Appliances: Cooktop, Electric Water Heater
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Great Room, Soaking Tub
  • Has Basement: Finished, Unfinished, Basement
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Great Room
  • Fireplaces: 1
  • Living Area: 4914
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_HalfBathsMain: 1
  • TRIADMLS_FullBathsLower: 1
  • TRIADMLS_FullBathsUpper: 2

Exterior Features

  • Exterior Features: Tennis Court(s)
  • Fencing: None
  • Construction Type: Stone, Vinyl Siding, Wood Siding

Garage/Parking

  • Garage Spaces: 8
  • Parking Features: Attached, Detached
  • Garage Description: Attached Garage, Detached Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Heat Pump
  • Heating: Heat Pump, Electric
  • Water Source: Well
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 387
  • Association: Yes

Schools

  • Elementary School: Morgan
  • High School: East Rowan
  • Middle Or Junior School: Charles C. Erwin

Lot Info

  • Parcel #: 614 061
  • Zoning: SFR
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 3169.7
  • Tax Year: 2014
  • TRIADMLS_TaxRate: 0.6965

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2021
Sold by
Sauls James H and Sauls Dawn B
Bought by
Cobb Patrick and Cobb Tia
Current Estimated Value
$1,186,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Outstanding Balance
$615,286
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$571,586

Purchase Details

Listed on
Jul 1, 2015
Closed on
Sep 3, 2015
Sold by
Thompson Frederick A and Thompson Beatrick H
Bought by
Buchanan Dawn M and Sauls James H
List Price
$539,000
Sold Price
$515,000
Premium/Discount to List
-$24,000
-4.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%
Original Mortgage
$412,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2004
Sold by
Wells Fargo Bank Minnesota Na
Bought by
Thompson Frederick A and Thompson Beatrice H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,500
Interest Rate
6.22%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 13, 2004
Sold by
Cummings Barry and Cummings Melissa
Bought by
Wells Fargo Bank Minnesota Na
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Cobb Patrick $850,000 None Available
Buchanan Dawn M $515,000 None Available
Thompson Frederick A $335,000 --
Wells Fargo Bank Minnesota Na $285,510 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cobb Patrick $680,000
Previous Owner Buchanan Dawn M $412,000
Previous Owner Thompson Frederick A $214,500
Closed Thompson Frederick A $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2015 09/03/15 Sold $515,000 -4.5% $117 / Sq Ft
07/15/2015 07/15/15 Pending -- -- --
07/01/2015 07/01/15 For Sale $539,000 -- $123 / Sq Ft
Source: Triad MLS

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 $5,399 $850,254 $175,000 $675,254
2024 $5,399 $850,254 $175,000 $675,254
2023 $5,399 $850,254 $175,000 $675,254
2022 $3,955 $555,138 $150,000 $405,138
2021 $3,844 $555,138 $150,000 $405,138
2020 $3,844 $555,138 $150,000 $405,138
2019 $3,844 $555,138 $150,000 $405,138
2018 $3,401 $495,050 $130,000 $365,050
2017 $3,401 $495,050 $130,000 $365,050
2016 $3,260 $474,524 $130,000 $344,524
2015 $3,313 $474,524 $130,000 $344,524
2014 $3,218 $469,777 $130,000 $339,777
Source: Public Records

Map

Source: Triad MLS

MLS Number: 763118

Triad MLS

APN: 614-061

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