NOT LISTED FOR SALE

8450 Timberlake Ln Terrell, NC 28682

Estimated Value: $1,054,000 - $1,565,373

0.77 Acre
$1,665,530 Price per Acre
33,541 Sq Ft Lot

Last Sold May 31, 2023

Last sale price $421,000

Est. 205% increase in value since last sale

Current estimated payment $6,806/month

10 Days on Market

Highlights

  • Access To Lake
  • Waterfront
  • Corner Lot
  • Sherrills Ford Elementary School Rated A-
  • Wooded Lot
  • Cul-De-Sac

About This Lot

As of May 2023

What a rare find! This 0.77 acre waterfront lot on Kiser Island is near level, on a cul-de-sac, and has deep water. It also has 80' of waterfront so should qualify for a dock permit. Buyer must confirm with Lake Services. This area is on a true Lake Norman peninsula where walkers and bikers enjoy the beautiful views of the lake and absence of through traffic. It is close to the new Sherrills Ford shopping area with Publix, medical and dental practices, restaurants and more. The Sherrills Ford/Terrell Library is also nearby. Terrell is located between I-77 and new Hwy 16. Buyer must obtain a well and septic permit from Catawba county to suit their home plans.

Last Agent to Sell the Property

Joanie Gardner

Newport Properties License #169929 Listed on: 02/28/2023

Co-Listed By

Glenn Madara

Newport Properties License #280892

Last Buyer's Agent

Brelin Menard

Keller Williams Unified License #290837

Keller Williams Unified

Property Details

Property Type

  • Land

Lot Details

  • Waterfront
  • Cul-De-Sac
  • Corner Lot
  • Wooded Lot
  • Possible uses of the property include Residential
  • Property is zoned R-30

Schools

  • Sherrills Ford Elementary School
  • Mill Creek Middle School
  • Bandys High School

Utilities

  • Well Required
  • Septic Needed

Additional Features

  • Water Views
  • Access To Lake

Listing and Financial Details

  • Assessor Parcel Number 461601495033

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: Building,Livestock Restriction,Manufactured Home Not Allowed,Square Feet
  • Road Frontage Type: State Highway
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Possible Use: Residential

Exterior Features

  • Road Frontage: 253
  • View: Water, Year Round
  • Water Body Name: Lake Norman
  • Waterfront Features: None

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Sewer: Septic Needed
  • Water Source: Well Needed

Condo/Co-op/Association

  • Community Features: Lake Access
  • Hoa Subject To Dues: No
  • Senior Community: No

Schools

  • Middle Or Junior School: Mill Creek
  • HOA Subject To: None

Lot Info

  • Lot Features: Corner Lot, Cul-De-Sac, Wooded, Views, Waterfront
  • Lot Size Units: Acres
  • Parcel Number: 461601495033
  • Can Be Subdivided: 0
  • Lot Size: 75x367xWF80x333
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-30

MLS Schools

  • Elementary School: Sherrills Ford
  • High School: Bandys

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2023
Closed on
May 30, 2023
Sold by
Boone Walter Steven and Boone Mary Kathleen
Bought by
Pratt Andrew A and Pratt Andrew M
Seller's Agent
Joanie Gardner
Newport Properties
Buyer's Agent
Brelin Menard
Keller Williams Unified
List Price
$400,000
Sold Price
$421,000
Premium/Discount to List
$21,000
5.25%
Views
10
Current Estimated Value
$1,282,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$861,458
Avg. Annual Appreciation
52.25%
Original Mortgage
$1,021,700
Outstanding Balance
$993,088
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$289,370
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Pratt Andrew A $421,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pratt Andrew A $1,021,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2023 05/31/23 Sold $421,000 +5.3% --
02/28/2023 02/28/23 For Sale $400,000 -- --
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 $1,749 $1,336,600 $355,200 $981,400
2024 $1,749 $355,200 $355,200 $0
2023 $1,714 $247,400 $247,400 $0
2022 $1,744 $247,400 $247,400 $0
2021 $1,744 $247,400 $247,400 $0
2020 $1,744 $247,400 $247,400 $0
2019 $1,744 $247,400 $0 $0
2018 $1,667 $243,400 $243,400 $0
2017 $1,667 $0 $0 $0
2016 $1,597 $0 $0 $0
2015 $1,456 $243,400 $243,400 $0
2014 $1,456 $242,600 $242,600 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4006207

Canopy MLS (Canopy Realtor® Association)

APN: 4616014950330000