NOT LISTED FOR SALE

722 Emerald Bay Dr Salisbury, NC 28146

Estimated Value: $138,000 - $181,000

1.73 Acres
$89,017 Price per Acre
75,359 Sq Ft Lot

Last Sold October 17, 2019

Last sale price $51,500

Est. 213% increase in value since last sale

Current estimated payment $918/month

103 Days on Market

About This Lot

As of October 2019

Waterfront acreage in a private gated community on High Rock Lake. Owners have access to gated boat storage, boat ramp, pier and the opportunity to lease their own private boat slip. This lot has wide road frontage, is wooded and slopes towards the lake. The price is significantly below tax value. For additional information, see www.EmeraldBayHomeowners.com

Last Agent to Sell the Property

Lin Litaker

Century 21 Towne & Country License #32808 Listed on: 05/31/2019

Century 21 Towne & Country

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $731

Lot Details

  • 1.73 Acre Lot
  • Lot Dimensions are 485 x 309 x 170 x 253
  • Property fronts a county road
  • Sloped Lot

Schools

  • Erwin Middle School
  • East Rowan High School

Utilities

  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 27
  • Assessor Parcel Number 503B005
  • 1% Total Tax Rate

Community Details

Overview

  • Property has a Home Owners Association
  • Emerald Bay Subdivision

Recreation

  • No Wake Zone

Property Details

Property Type

Land

Est. Annual Taxes

$731

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Land
  • Lot Size Acres: 1.73
  • Lot Size: 485 x 309 x 170 x 253
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: Emerald Bay
  • Directions: Bringle Ferry Rd past Tamarac Marina. Left on Black Rd. Emerald Bay is at the end of the road on the right.
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_CityLimitsYN: No
  • Special Features: None

Interior Features

  • Possible Use: Recreational, Single Family

Exterior Features

  • Lot Features: Subdivided, Sloped

Utilities

  • Sewer: None
  • Water Source: None
  • Gas Company: Type: None Available

Condo/Co-op/Association

  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 503B005
  • Zoning: Res
  • TRIADMLS_AcresRange: 2 - 2

Green Features

  • TRIADMLS_EnvironmentalHazards: No

Tax Info

  • Tax Annual Amount: 731
  • Tax Lot: 27
  • Tax Year: 2018
  • TRIADMLS_TaxRate: 0.66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2019
Closed on
Oct 7, 2019
Sold by
Peck Brian T and Peck Anna S
Bought by
Faulkenberry James C and Faulkenberry Melani B
Seller's Agent
Lin Litaker
Century 21 Towne & Country
Sold Price
$51,500
Current Estimated Value
$161,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,833
Avg. Annual Appreciation
19.09%

Purchase Details

Closed on
Sep 25, 1995
Bought by
Peck Brian T
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
Faulkenberry James C $51,500 None Available
Peck Brian T $55,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2019 10/17/19 Sold $51,500 0.0% --
10/08/2019 10/08/19 Sold $51,500 -14.2% -- View Prior Sale
08/29/2019 08/29/19 Pending -- -- --
06/22/2019 06/22/19 Price Changed $60,000 -7.7% --
03/20/2019 03/20/19 For Sale $65,000 -- --
Source: Triad MLS

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 $997 $148,750 $148,750 $0
2024 $997 $148,750 $148,750 $0
2023 $997 $148,750 $148,750 $0
2022 $848 $113,475 $113,475 $0
2021 $848 $113,475 $113,475 $0
2020 $848 $113,475 $113,475 $0
2019 $848 $113,475 $113,475 $0
2018 $731 $98,600 $98,600 $0
2017 $731 $98,600 $98,600 $0
2016 $711 $98,600 $98,600 $0
2015 $722 $98,600 $98,600 $0
2014 $692 $98,600 $98,600 $0
Source: Public Records

Agents Affiliated with this Home

  • Lin Litaker

    Seller's Agent in 2019

    Lin Litaker

    Century 21 Towne & Country

    (704) 647-8741

    58 Total Sales

    Lin Litaker
    Section Image

  • L

    Buyer's Agent in 2019

    London Perry Scialdone

    Land or Lake Realty LLC

See All Agents

Map

Source: Triad MLS

MLS Number: 934961

Triad MLS

APN: 503-B005

North Carolina Rowan County Salisbury 28146

722 Emerald Bay Dr, Salisbury, NC

Not Listed for Sale

Lots

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