NOT LISTED FOR SALE

8259 Long Island Rd Unit 7 Catawba, NC 28609

Estimated Value: $907,000 - $1,191,000

2.2 Acres
$489,670 Price per Acre
95,832 Sq Ft Lot

Last Sold March 10, 2020

Last sale price $120,000

Est. 798% increase in value since last sale

Current estimated payment $6,160/month

600 Days on Market

Highlights

  • Access To Lake
  • Waterfront
  • Private Lot
  • Bandys High School Rated 9+
  • 2.2 Acre Lot
  • 5-minute walk to Long Island Access

About This Lot

As of March 2020

Wow Very Motivated Seller.40K Below tax value... Very Private Estate WATERFRONT lot located in the community of The Summit at Lake Norman. This 2.2 acre lot has been partially cleared and has an approved 4 bedroom septic system permit ready for you to build your dream home.There is not many lots left on Lake Norman at this PRICE. DONT MISS OUT.. Convenient access to Long Island Marina and the Duke Power public access area is very close to property. Long Island Marina is around the corner for easy access to gas and supplies for the boat. Preliminary approval from Duke power for the dock. Convenient to new widening of Hwy 16 and the Village Shoppes being developed at Buffalo Shoals including a New Publix's ( now open) and a Medical park.

Last Agent to Sell the Property

Ken Ledbetter

Lake Realty Brokerage Email: ken@lakerealty.com License #300810 Listed on: 06/07/2018

Co-Listed By

Chip Free

Lake Realty Brokerage Email: ken@lakerealty.com License #226268

Last Buyer's Agent

Ken Ledbetter

Lake Realty Brokerage Email: ken@lakerealty.com License #300810 Listed on: 06/07/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,040

Lot Details

  • 2.2 Acre Lot
  • Lot Dimensions are 158x842x122x800
  • Waterfront
  • Property fronts a state road
  • Front Green Space
  • Private Lot
  • Level Lot
  • Wooded Lot
  • Possible uses of the property include Private Estate, Residential
  • Property is zoned R-30

HOA Fees

  • $29 Monthly HOA Fees

Property Views

  • Water Views

Schools

  • Catawba Elementary School
  • Mill Creek Middle School
  • Bandys High School

Utilities

  • Community Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4710010721950000

Community Details

Overview

  • Bumgardner Association Management Association, Phone Number (704) 829-7878
  • The Summit Subdivision
  • Mandatory home owners association

Recreation

  • Water Sports
  • Access To Lake

Property Details

Property Type

Land

Est. Annual Taxes

$5,040

Lot Details

0

HOA Fees

$29 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: Manufactured Home Not Allowed,Square Feet
  • Special Assessment Yn: 0
  • Road Frontage Type: County Road, State Road
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Attribution Contact: ken@lakerealty.com
  • Special Features: None

Interior Features

  • Possible Use: Private Estate, Residential
  • Room Count: 0

Exterior Features

  • Road Frontage: 158
  • View: Water
  • Water Body Name: Lake Norman
  • Waterfront Features: Boat Ramp – Community, Lake, Paddlesport Launch Site
  • Other Structures: None

Utilities

  • Sewer: Septic Installed
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Lake Access
  • Association Fee: 350
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Bumgardner Association Management
  • Phone: 704-829-7878
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Mill Creek
  • HOA Subject To: Required

Lot Info

  • Lot Features: Green Area, Level, Private, Wooded, Waterfront, Lake On Property
  • Lot Size Area: 2.2
  • Lot Size Units: Acres
  • Parcel Number: 4710010721950000
  • Zoning: R-30
  • Can Be Subdivided: 0
  • Lot Size Acres: 2.2
  • Lot Size: 158x842x122x800
  • Lot Size Sq Ft: 95832
  • Wooded Area: 2.2
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-30

MLS Schools

  • Elementary School: Catawba
  • High School: Bandys

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2018
Closed on
Mar 10, 2020
Sold by
Martin Jason S and Martin Tyana
Bought by
Esperthener Andrew and Esperthener Sommer
Seller's Agent
Ken Ledbetter
Lake Realty
Buyer's Agent
Ken Ledbetter
Lake Realty
List Price
$165,000
Sold Price
$120,000
Premium/Discount to List
-$45,000
-27.27%
Current Estimated Value
$1,077,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$957,274
Avg. Annual Appreciation
45.94%

Purchase Details

Closed on
Jul 21, 2011
Sold by
Oboyle Kevin J and Oboyle Patricia
Bought by
Martin Jason S and Martin Tyana K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
4.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2000

Purchase Details

Closed on
Aug 1, 1998
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Esperthener Andrew $120,000 None Available
Martin Jason S $225,000 None Available
-- $79,900 --
-- $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martin Jason S $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2020 03/10/20 Sold $120,000 -7.6% --
01/28/2020 01/28/20 Pending -- -- --
11/05/2019 11/05/19 Price Changed $129,900 -16.2% --
07/16/2019 07/16/19 Price Changed $155,000 -2.5% --
07/23/2018 07/23/18 Price Changed $159,000 -3.6% --
06/07/2018 06/07/18 For Sale $165,000 -- --
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 $5,040 $1,023,400 $170,900 $852,500
2024 $5,040 $1,023,400 $170,900 $852,500
2023 $4,810 $520,300 $164,400 $355,900
2022 $3,668 $520,300 $164,400 $355,900
2021 $1,159 $164,400 $164,400 $0
2020 $1,159 $164,400 $164,400 $0
2019 $1,159 $164,400 $0 $0
2018 $1,126 $164,400 $164,400 $0
2017 $1,126 $0 $0 $0
2016 $1,078 $0 $0 $0
2015 $1,125 $164,400 $164,400 $0
2014 $1,125 $187,500 $187,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3400400

Canopy MLS (Canopy Realtor® Association)

APN: 4710010721950000