Price Reduction - Waterfront - Primary on Main

Address

357 Stillwater Road, Troutman, NC

Listing Type

Single Family

Price

$ 545,000

Property Attributes

ID#4140726
TypeSingle Family
CountyIREDELL
CityTroutman
AreaIredell County
Zip28166
Style
Price$ 545,000
Bedrooms3
Full Bathrooms2
Half Bathrooms0
Sqr Footage1351
Lot Size1.8 Acres

Data Source:

Canopy MLS

Property Description

**Turning up the heat! Reduced 30K!!*Great STR opportunity with a years worth of Data! There has not been many opportunities to invest in Lake Norman Waterfront property at this price for a while! This property has already developed a track record on Airbnb and provided an NOI of almost $23,000 in the last 12 months, listing this offering at a 4% Cap Rate. Sellers also have data showing they have kept pricing within the lower 20-30 percentile via AirDNA, offering opportunity for pricing increases. At $545,000, you are hard pressed to find any other opportunity on Lake Norman whether you are looking to invest or move in and we'd love to discuss further, INCLUDING FURNISHINGS! Bookings will continue throughout the listing and contract period unless requested by contracted buyer, so please do not disturb the tenants stay or go on the property without an approved scheduled showing. Majority of availability will be during the weekdays. Come take a look, this is a Fantastic opportunity!

Elementary School	Middle School	High School
Unspecified Elementary School	Unspecified Middle School	Unspecified High School

Price History
5/18/2024	Listed $575,000
6/4/2024	6% - $545,000

General Features

Sewer	Septic Installed
Heating	Forced Air
Cooling	Ceiling Fan(s),Central Air
Utilities	Electricity Connected
Appliances	Dishwasher,Electric Range,Electric Water Heater,Refrigerator
Exterior Features	Fire Pit
Zoning	RA
Construction Materials	Vinyl
Year Built	2017
Property SubType	Single Family Residence
Waterfront Features	None
County	Iredell
New Construction	No
Property Type	Residential
Subdivision Name	none
High School	Unspecified
City	Troutman
Body of Water	Lake Norman
Lot Size Units	Acres
Elementary School	Unspecified
Middle/Junior High School	Unspecified
Standard Status	Active
CAR_HOASubjectTo	None
Construction Type	Off Frame Modular,On Frame Modular
Tax Assessed Value	350600

Interior Features

Fireplace Y/N	No
Above Grade Finished Area	1351
Full Baths	2
Laundry Features	Electric Dryer Hookup,Laundry Room
Total Bedrooms	3
Total Baths	2
SqFt Main	1351
SqFt Garage	484
Bedroom	3

Exterior Features

Parking Features	Detached Garage
Lot Features	Waterfront
Water Source	Well
Lot Size Area	1.8
Foundation Details	Crawl Space
Road Surface Type	Gravel,Paved
Road Responsibility	Publicly Maintained Road
Main Level Garage YN	Yes

Amenities

Foreclosure
Views
Short Sale
New Construction
Adult 55+
Lease To Own
No HOA Fees
Furnished
Primary On Main
Air Conditioning
Seller Finance
Green
Fixer Upper
Horse
Golf
Fireplace
Deck
Garage
Basement
Pool

Property vs Single Family Average in 28166

Price

AVG $500K

$550K

Visits

AVG 346

123

Data Provided by Inside Real Estate®

Year Built

AVG 2015

2017

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Your Agent

Jamie Young

REALTOR® / BROKER

704-981-6600

Testimonials

Areas We Cover

Sellstate Executive Real Estate

818 Tyvola Rd. Ste. 101
Charlotte, NC 28217

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