Part of the newly subdivided portion of Swift Island Plantation on Lake Tillery, Lot 9 is over 1.86 acres with more than 175 feet of shoreline. The views are beautiful and the water depth is great. Hardwoods are abundant and the subdivision is serviced by county water / city sewer along with underground utilities. Swift Island Plantation is a gated community with an established HOA. Current Duke Energy guidelines show this property qualifies for a lease which allows for a boathouse and bulkhead. This is to be confirmed by the buyer with Duke Energy. Swift Island Plantation website is www.SIPHOA.com for more info.
Property Details
Property Features
Listing Office:
Office Name: McRae Properties
Office Email: tilleryrealtor@gmail.com
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Exterior Information:
Waterfront: None
View: Other
Lot Features
Lot Information:
Lot Size: 1.86 Acres
School Info
Assigned Schools Information:
West Montgomery High School, Public District Grades 9-12
West Middle School, Public District Grades 6-8
Mount Gilead Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: From Lilly's Bridge Road turn into Swift Island Plantation. Turn right onto Water Oak Way. Lot is on the left.
Price Information
Listing Price Info
Price Summary:
List Price: $295,000
HOA Fees:
Amount: $864
Frequency: Annually
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Mount Gilead, NC.
This property is $1.6K less than the Median Sold Price in Mount Gilead, NC.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #3934797
Listing Office:
Office Name: McRae Properties
Office Email: tilleryrealtor@gmail.com
Listings courtesy of Canopy MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,612
Per Month
Principal & Interest
$1,473
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$72
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$951
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Mount Gilead Elementary School
100 S School St
Distance between this listing and this school6.47 miles
Public District Grades PK-5
Middle School
4
/10
West Middle School
129 Nc Highway 109 S
Distance between this listing and this school8.54 miles
Public District Grades 6-8
High School
4
/10
West Montgomery High School
147 Warrior Rd
Distance between this listing and this school7.28 miles
Public District Grades 9-12
Assigned Schools
6
/10
Mount Gilead Elementary School
100 S School St
Distance between this listing and this school6.47 miles
Public District Grades PK-5
Nearby Schools
3
/10
Norwood Elementary School
400 S Main St
Distance between this listing and this school4.30 miles
Public District Grades KG-5
3
/10
East Albemarle Elementary School
1813 E Main St
Distance between this listing and this school6.74 miles
Public District Grades KG-5
Assigned Schools
4
/10
West Middle School
129 Nc Highway 109 S
Distance between this listing and this school8.54 miles
Public District Grades 6-8
Nearby Schools
3
/10
South Stanly Middle School
12492 Cottonville Rd
Distance between this listing and this school5.08 miles
Public District Grades 6-8
3
/10
Albemarle Middle School
1811 Badin Rd
Distance between this listing and this school6.90 miles
Public District Grades 6-8
Assigned Schools
4
/10
West Montgomery High School
147 Warrior Rd
Distance between this listing and this school7.28 miles
Public District Grades 9-12
Nearby Schools
4
/10
South Stanly High School
40488 S Stanly School Rd
Distance between this listing and this school5.48 miles
Public District Grades 9-12
2
/10
Albemarle High School
311 Park Ridge Rd
Distance between this listing and this school8.76 miles
The neighbors living near this home have an average income of $39,360. Residents of Mount Gilead, NC typically earn less than $35k each year. The majority of families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About LOT9 Water Oak Way
What is the listing price of this property?
The listing price of LOT9 Water Oak Way property is $295,000.
What type of property is this?
The property LOT9 Water Oak Way is land located in Mount Gilead, North Carolina, 27306.
Is this property for sale now?
Active Listing: LOT9 Water Oak Way is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for LOT9 Water Oak Way are: Mount Gilead Elementary School: GreatSchools Rating 6/10West Middle School: GreatSchools Rating 4/10West Montgomery High School: GreatSchools Rating 4/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at LOT9 Water Oak Way in Mount Gilead, NC and zip code 27306. This home sits on a 1.86 acre lot. It has been listed on Rocket Homes since January 12, 2023 and is currently priced at $295,000.
Mount Gilead, NC housing market in October 2024 saw over 1 listings sold above listed price, more than 3 sold at listed price and over 7 sold below. In October 2024 in Mount Gilead, NC there were 7.3% more homes for sale than in September 2024. In October 2024 median list price was $296,603 and the average listing age was 72 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
NASCAR
NASCAR
Hunting
Figure Skating
Bass Pro Shops
Dollar General
Wal-Mart
Hardee's
Jimmy Johns
Applebees
GMC
Ram
Oldsmobile
Classic Country
Oldies
New Country