tomo logo

$6,999,999

Beds
5
Baths
7.0
sq ft
7,085

406 Morrison Farm Road, Troutman, NC 28166

406 Morrison Farm Road

Troutman, NC 28166

  • 110 days on market
    • Price drop $500,000↓
Masterfully Crafted 7,934 SF Home on 10.9 Waterfront Acres with Entertainers Backyard creating a Private Lake Norman Retreat with Covered Dock. Designed, Built, & Lived-in by Seller with Long Legacy in Construction Industry. This stunning home features spacious bedrooms & 2 Bonus Rooms. The Gourmet Kitchen, with its Top-of-the-Line Appliances, Elegant Lighting, & Scullery, is a Chef's dream. Primary Suite featuring Custom California Closets & a Lavish Bathroom w/Heated Floors, a Freestanding Soaking Tub, & an advanced Push-Button shower system. Seamless Indoor-Outdoor living with a Retractable Screen Porch overlooking a sparkling Swimming Pool. The adjacent Pool House features Garage-style Doors that open to the Pool Deck, a Full Gar, & a Golf Simulator Screen. A 5-Car Garage with Epoxy Floors & Climate Control, plus 2,124 SF of Unfinished Space for future customization. Professionally landscaped grounds with Irrigation & Smart home Technology enhance this property.

Details

Property type

Single Family Residence

Est. home value

$3,360,302

Lot size

Unknown

Price per sq ft

$989

Year built

2021

Price History

09/04/2024
CanopyMLS

CanopyMLS #4161291

Price change
$6,999,999
-6.67%
07/27/2024
CanopyMLS

CanopyMLS #4161291

Listed
$7,499,999

Schools & Community

Elementary school: 

Troutman

Middle school: 

Troutman

High school: 

South Iredell

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

Truist Bank

Loan start date

January 2021

Original loan amount

$962,500

Est. remaining balance

Not provided

Interest rate

2.71%

Loan type

Building or Construction Loan, 30 year

Seller

Regan L Smith and Megan Smith

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?

Status: Active

Tomo last checked: 11/06/2024 at 12:40 AM

Listing updated: 10/01/2024 at 10:16 AM

Listed by: Boston Reid, COMPASS Phone #: (704) 234-7880

MLS: CanopyMLS #4161291

CanopyMLS logo

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