NOT LISTED FOR SALE

Lot 11 Ridge Dr Unit 11 Troy, NC 27371

Estimated Value: $22,000 - $437,000

1.09 Acres
$229,211 Price per Acre
47,480 Sq Ft Lot

Last Sold November 09, 2023

Last sale price $325,000

Est. 23% decrease in value since last sale

Current estimated payment $1,626/month

591 Days on Market

Highlights

  • Waterfront
  • Cul-De-Sac
  • Paved or Partially Paved Lot
  • Mountain View

About This Lot

As of November 2023

Breathtaking views of Lake Tillery and Morrow Mountain State Park! One of the last available lots across from this beautiful mountain. With a westerly view, this location promises magnificent sunsets! Some of the finest homes on Lake Tillery are in this beautiful, gated community, The Ridge on Tillery. Bald eagles are frequently seen in this area, as well. So much nature to enjoy across from a State Park! In close proximity to Charlotte, Raleigh, Greensboro and Winston-Salem. Custom designed house plans specifically for this lot are available for the buyer!

Last Listed By

Lynn Norman

Lake Tillery Properties LLC Brokerage Email: lynn@thelakeladyteam.com License #159889 Listed on: 02/15/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,678

Lot Details

  • 1.09 Acre Lot
  • Waterfront
  • Cul-De-Sac
  • Paved or Partially Paved Lot
  • Sloped Lot
  • Possible uses of the property include Recreational, Residential
  • Property is zoned R-20

HOA Fees

  • $92 Monthly HOA Fees

Property Views

  • Mountain Views

Utilities

  • Underground Utilities
  • Water Tap or Transfer Fee
  • Septic Needed

Additional Features

  • Basement

Community Details

  • Ridge On Tillery Association, Phone Number (704) 578-1080
  • The Ridge On Tillery Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 6588-14-23-9296

Property Details

Property Type

Land

Est. Annual Taxes

$1,678

Lot Details

0

HOA Fees

$92 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Modular Not Allowed,Square Feet
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Attribution Contact: lynn@thelakeladyteam.com
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Possible Use: Recreational, Residential
  • Basement YN: Yes
  • Room Count: 0

Exterior Features

  • Construction Type: Site Built
  • View: Long Range, Mountain(s), Year Round
  • Water Body Name: Lake Tillery
  • Waterfront Features: None

Garage/Parking

  • Garage Yn: No
  • Open Parking: No

Utilities

  • Sewer: Septic Needed
  • Utilities: Underground Power Lines, Underground Utilities
  • Water Source: County Water, Tap Fee Required

Condo/Co-op/Association

  • Community Features: Gated
  • Association Fee: 1100
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Ridge on Tillery
  • Phone: 704-578-1080
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually
  • Association Email: lcarson@carolina.rr.com

Association/Amenities

  • Association Annual Expense: 1100.00

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Features: Cul-De-Sac, Paved, Sloped, Views, Waterfront
  • Lot Size Area: 1.09
  • Lot Size Units: Acres
  • Parcel Number: 6588-14-23-9296
  • Zoning: R-20
  • Plat Book Slide: G-126C
  • Can Be Subdivided: 0
  • Plat Reference Section Pages: G-126C
  • Lot Size Acres: 1.09
  • Lot Size: Approx 153 ft Waterfront
  • Lot Size Sq Ft: 47480
  • ResoLotSizeUnits: Acres
  • Zoning Specification: Res

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2022
Closed on
Nov 5, 2023
Sold by
Ganem Salem F and Ganem Elesia H
Bought by
Pinehurst Homes Inc
Seller's Agent
Lynn Norman
Lake Tillery Properties LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$470,000
Sold Price
$325,000
Premium/Discount to List
-$145,000
-30.85%
Total Days on Market
591
Views
134
Current Estimated Value
$249,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$75,160
Avg. Annual Appreciation
-21.03%
Original Mortgage
$243,750
Interest Rate
7.31%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 11, 2021
Sold by
Ganem Salem F and Ganem Elesia H
Bought by
Ganem Salem F and Ganem Elesia H

Purchase Details

Closed on
Nov 10, 2020
Sold by
The Ridge On Tillery Llc
Bought by
Ganem Salem F and Ganem Elesia H

Range of Values:

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Average Value
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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
Pinehurst Homes Inc $325,000 None Listed On Document
Ganem Salem F -- None Available
Ganem Salem F $290,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pinehurst Homes Inc $1,000,000
Closed Pinehurst Homes Inc $243,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2023 11/09/23 Sold $325,000 -18.5% --
01/31/2023 01/31/23 Price Changed $399,000 -9.1% --
06/12/2022 06/12/22 Price Changed $439,000 -6.6% --
02/15/2022 02/15/22 For Sale $470,000 -- --
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 $1,678 $260,250 $260,250 $0
2023 $1,705 $260,250 $260,250 $0
2022 $1,705 $260,250 $260,250 $0
2021 $1,735 $264,880 $264,880 $0
2020 $1,735 $264,880 $264,880 $0
2018 $1,906 $288,800 $288,800 $0
2017 $1,906 $288,800 $288,800 $0
2016 $1,906 $288,800 $288,800 $0
2015 $1,762 $288,800 $0 $0
2014 $1,762 $288,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3829996

Canopy MLS (Canopy Realtor® Association)

APN: 6588-14-23-9296