NOT LISTED FOR SALE

Lot # 25 Landing Trail Unit 25 Mount Gilead, NC 27306

Estimated Value: $677,000 - $796,000

1.37 Acres
$533,101 Price per Acre
59,677 Sq Ft Lot

Last Sold July 17, 2020

Last sale price $60,000

Est. 1,117% increase in value since last sale

Current estimated payment $4,381/month

1,478 Days on Market

Highlights

  • Waterfront
  • Community Lake
  • Wooded Lot

About This Lot

As of July 2020

Lot #25 at The Landing is a waterfront lot with approximately 1.37 acres. The Duke lease lot is main channel with the building lot is across the road. City sewer tap is in place. County water is available. The lot qualifies for a waterfront lease from Duke Energy for a boathouse / dock. This is a new gated community on Lake Tillery with a minimum restriction of 1200 hsf for homes. Come find your waterfront getaway spot to enjoy the tranquility and beauty of Lake Living at Tillery.

Last Agent to Sell the Property

Mark McRae

McRae Properties License #208169 Listed on: 04/18/2016

Last Buyer's Agent

Mark McRae

McRae Properties License #208169 Listed on: 04/18/2016

Property Details

Property Type

  • Land

Year Built

  • 2021

Lot Details

  • Waterfront
  • Wooded Lot

HOA Fees

  • $50 Monthly HOA Fees

Community Details

  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 6575-14-42-7683

Property Details

Property Type

Land

Year Built

2021

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.63158
  • Ratio Close Price By Original Li: 0.46154
  • Ratio Current Price By Acre: 43795.62
  • Restrictions: Architectural Review, Livestock Restriction, Manufactured Home Not Allowed, Modular Not Allowed, Square Feet
  • Restrictions Description: Yes
  • Special Features: None
  • Year Built (Public Record): 2021

Exterior Features

  • Construction Type: Site Built

Utilities

  • Sewer: City Sewer
  • Water: Connection Fee Required, County Water

Condo/Co-op/Association

  • Community Features: Lake
  • Association Fee: 600.00
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: 130 x 270
  • Lot Features: Waterfront, Lake, Wooded
  • Lot Size Area: 1.370
  • Parcel Number: 6575-14-42-7683
  • Zoning: SFR
  • Zoning Specification: SFR
  • Wooded Acres: 1.37

Tax Info

  • Tax Value: 196700.00
  • Tax Location: Montgomery

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2023
Sold by
Childress Paul T and Childress Brooke Y
Bought by
Peele Clinton Gary and Peele Joanna Crissman
Total Days on Market
1478
Current Estimated Value
$730,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,500
Outstanding Balance
$600,747
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$173,492

Purchase Details

Listed on
Apr 18, 2016
Closed on
Jul 10, 2020
Sold by
Allen June D
Bought by
Childress Paul T and Childress Brooke Y
Seller's Agent
Mark McRae
McRae Properties
Buyer's Agent
Mark McRae
McRae Properties
List Price
$95,000
Sold Price
$60,000
Premium/Discount to List
-$35,000
-36.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
69.07%
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
Peele Clinton Gary $685,000 --
Childress Paul T $60,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peele Clinton Gary $616,500
Previous Owner Childress Paul Thomas $341,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2020 07/17/20 Sold $60,000 -36.8% --
05/05/2020 05/05/20 Pending -- -- --
02/29/2020 02/29/20 For Sale $95,000 0.0% --
01/28/2020 01/28/20 Pending -- -- --
12/18/2019 12/18/19 Price Changed $95,000 -26.9% --
04/18/2016 04/18/16 For Sale $130,000 -- --
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
2024 $2,913 $444,675 $96,600 $348,075
2023 $1,397 $444,675 $96,600 $348,075
2022 $1,397 $213,290 $96,600 $116,690
2021 $633 $96,600 $96,600 $0
2020 $633 $96,600 $96,600 $0
2018 $1,298 $196,700 $196,700 $0
2017 $1,298 $196,700 $196,700 $0
2016 $1,298 $196,700 $196,700 $0
2015 $1,200 $196,700 $0 $0
2014 $1,200 $196,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3170161

Canopy MLS (Canopy Realtor® Association)

APN: 6575-14-42-7683