NOT LISTED FOR SALE

767 Morrison Farm Rd Troutman, NC 28166

Estimated Value: $597,000

2 Beds
1 Bath
925 Sq Ft
$645/Sq Ft Est. Value

Last Sold June 29, 2020

Last sale price $450,000 $486 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,750/month

45 Days on Market

Highlights

  • Waterfront
  • Community Lake
  • Breakfast Bar
  • Open Floorplan
  • Wood Flooring
  • Cabin

About This Home

As of June 2020

Adorable Lakefront Home on Lake Norman with 200 Feet of Shoreline! Private Pier and double Boat Slips at your shoreline. Big Waterfront Views of the Lake, and you're got a Big Water Location! Enjoy your Lake Home get away for weekends, and design your Dream Home on this fantastic Waterfront lot. Beautiful area of classic Lakefront Homes. A Great Location on Lake Norman, close to the Lake Norman State Park, where Nature surrounds. This Home features a an Open floor plan with vaulted ceiling with wood beams. Wall of Glass overlook the Deck and Waterfront. New Roof 2001. This has been a happy Lake Home for many Summer Days, and ready to make new Memories with your new Owners!

Last Agent to Sell the Property

Ann Scott

Lake Norman Realty, Inc. License #209996 Listed on: 04/06/2020

Lake Norman Realty, Inc.

Last Buyer's Agent

Michael Morgan

RE/MAX Executive License #219912

RE/MAX Executive

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1963

Lot Details

  • 0.92

Home Design

  • Cabin

Interior Spaces

  • 1 Full Bathroom
  • Open Floorplan
  • Crawl Space
  • Breakfast Bar

Flooring

  • Wood
  • Vinyl

Additional Features

  • Waterfront
  • Septic Tank

Community Details

  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 4629-81-2108.000

Home Details

Home Type

Single Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Cabin
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.90909
  • Ratio Close Price By Original Li: 0.90909
  • Ratio Current Price By Acre: 489130.43
  • Ratio Current Price By Sq Ft: 486.49
  • Year Built: 1963
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Equipment: Dishwasher, Electric Dryer Hookup, Electric Oven, Electric Range, Exhaust Hood, Microwave, Refrigerator
  • Flooring: Vinyl, Wood
  • Interior Amenities: Attic Other, Breakfast Bar, Open Floorplan, Vaulted Ceiling
  • Laundry Location: Main, Laundry Room
  • Room Count: 1
  • Main Level Sq Ft: 925
  • Total Sq Ft: 925

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Earth
  • Parking: Parking Space - 4+

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Lake

Schools

  • Elementary School: Troutman
  • Middle School: Troutman
  • High School: South Iredell

Lot Info

  • Lot Dimension: 200WFx372x130RDx372
  • Lot Features: Lake Access, Water view, Waterfront
  • Lot Size Area: 0.920
  • Parcel Number: 4629-81-2108.000
  • Zoning Specification: R20

Tax Info

  • Tax Value: 347670.00
  • Tax Location: Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2020
Closed on
Jun 23, 2020
Sold by
Kiser John W and Kiser Rita L
Bought by
Shields James S
Seller's Agent
Ann Scott
Lake Norman Realty, Inc.
Buyer's Agent
Michael Morgan
RE/MAX Executive
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%
Current Estimated Value
$597,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,000
Original Mortgage
$315,000
Outstanding Balance
$282,895
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 1995

Purchase Details

Closed on
Jun 1, 1977
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Shields James S $450,000 None Available
Tedder Daniel S -- None Available
-- -- --
-- $8,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tedder Daniel S $315,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2020 06/29/20 Sold $450,000 -9.1% $486 / Sq Ft
05/21/2020 05/21/20 Pending -- -- --
04/06/2020 04/06/20 For Sale $495,000 -- $535 / 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
2020 $2,238 $347,670 $300,000 $47,670
2019 -- $347,670 $300,000 $47,670
2018 -- $337,030 $300,000 $37,030
2017 -- $337,030 $300,000 $37,030
2016 -- $337,030 $300,000 $37,030
2015 -- $337,030 $300,000 $37,030
2014 -- $339,410 $300,000 $39,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3609798

Canopy MLS (Canopy Realtor® Association)

APN: 4629-81-2108.000