tomo logo

$1,850,000

Beds
5
Baths
4.5
sq ft
4,675

205 Water Oak Way, Mount Gilead, NC 27306

205 Water Oak Way

Mount Gilead, NC 27306

  • 253 days on market
    • Price drop $100,000↓
Back on the market not fault of the property. Modern farmhouse meets lake house with panoramic windows and views in the upscale Swift Island Plantation neighborhood on Lake Tillery. Expansive interior spaces transition into numerous outdoor living areas including a huge covered porch and patio, topped off by an in-ground swimming pool and a gentle walk to the boathouse. This lake property is located in a large quiet cove tucked back off the main channel boat traffic. Professional decorating and high end finishing touches make this home a must see. 774 sq. ft. three car garage with a large bonus room provides ample spaces for vehicles and flexible uses. HOA is $925 annually with a one time capital fee of $1,850 and $50 transfer fee. Gas logs have not been used and propane tank has not been set.

Details

Property type

Single Family Residence

Est. home value

$2,345,358

Lot size

Unknown

Price per sq ft

$396

Year built

2020

Monthly HOA fee

$77.08

Price History

02/25/2025
CanopyMLS

CanopyMLS #4161733

Listed
$1,850,000
02/04/2025
CanopyMLS

CanopyMLS #4161733

Removed
$1,850,000
10/14/2024
CanopyMLS

CanopyMLS #4161733

Pending
$1,850,000

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

Community features: 

Gated, Golf

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Citizens Bank & Trust Co

Loan start date

August 2022

Original loan amount

$1,760,000

Est. remaining balance

Not provided

Interest rate

5.7%

Loan type

Purchase Money Mortgage

Seller

Bret Barr and Tonya Barr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Price drop
CanopyMLS
$1,950,000
5 bd
|
3 ba
|
2,908 sq ft
|
House

44333 Stony Gap Road, Albemarle, NC 28001

Status: Active

Tomo last checked: 04/03/2025 at 8:25 AM

Listing updated: 02/25/2025 at 11:44 AM

Listed by: Robert Patterson, Lake Tillery Properties LLC Phone #: (910) 439-2030

MLS: CanopyMLS #4161733

CanopyMLS logo