See Home Value
Iredell 28166
178 Penicillin Point
$975,000
● House - Off Market

178 Penicillin Point

Troutman, NC 28166
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,158 Ft²
$4,788
Est. Monthly

About This Property

Welcome to 178 Penicillin Point, where life slows down and lake memories are waiting to be made. Whether you're looking for a classic lake getaway to enjoy just as it is, a vacation rental opportunity, or the perfect waterfront lot to build your dream home, this property offers endless possibilities. Built in 1973, this waterfront home captures the feeling of simpler days on Lake Norman. Situated on a 0.66-acre lot with more than 200 feet of shoreline, NO HOA, and low Iredell County ONLY taxes, this is a rare opportunity to own a special piece of the lake.

Inside, you'll find a spacious great room with vaulted wood ceilings, walls of windows overlooking the water, and an open layout designed for gathering with family and friends. The home's original character has been preserved, giving it the nostalgic charm of a classic lake cottage.

Step outside and enjoy the gently sloping yard, covered 24' x 24' dock, sandy shoreline, and large deep-water cove with beautiful open water views. Spend the afternoon on the deck, swim or fish from the dock, head out for a day on the lake, or simply relax and watch the sunset.

The finished lower level provides additional living space for guests, hobbies, or game nights after a day on the water. A new roof was installed in 2023, and the 28' x 18' boathouse provides plenty of additional storage.

Opportunities to own waterfront property with this combination of location, views, and potential don't come along often. Conveniently located to I-77, Troutman, and Mooresville.
Unit Size
2,158 Ft²
Days on Market
-
Land Size
0.66 acres
Price per sqft
$452
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1973

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Last updated: 12 days ago (CANOPYMLS #CAR4405820)

Price History

Date / Event Date Event Price
Oct 22, 2026 Sold
Sold
Sep 5, 2026 In contract -
In contract
Aug 21, 2026 Price Decreased $975,000
↓ $25K (2.5%)
Price Decreased
Jul 23, 2026 Listed by Howard Hanna Allen Tate Statesville $1,000,000
Listed by Howard Hanna Allen Tate Statesville
Dec 16, 2019 Sold
Sold
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Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 18
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 7
  • Basement Area: 1,176
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,750
  • Total Building Area: 1,176
  • Gross Building Area: 3,224
  • Building Area: 1,176
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,176
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORRISON FARM RD AREA
  • Land Acres: 0000000660
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: L120 CRESCENT LAND & TIMBER S-17

Neighborhood

  • School District Name: Iredell-Statesville Schools
  • School Tax School District: C
  • School Tax District Code 2: FR05
  • School Tax District Code 3: SW
  • Census Tract: 061202

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: MAP:4629
  • Account Number: 80069798
  • District: 15
  • Parcel: 4629-61-0367.000
  • Block: 61
  • Lot: 120
  • Municipality: FALLSTOWN
  • Latitude: 35.6343
  • Longitude: -80.9318

    Address

  • Full Address: 178 Penicillin Pt
  • Address - House Number: 178
  • Address - Street Name: Penicillin
  • Address - Suffix Type: Pt
  • State: NC
  • City Name: Troutman
  • Zip Code: 28166

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $384,462
  • Tax Rate Code Area: FR06

    Appraisal Valuation

  • Standard Deviation: 0.2446
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 65
  • Final Value: 398,798
  • High Value: 496,347
  • Low Value: 301,248

    Market Valuation

  • Market Total Value: $630,770
  • Market Land Value: $475,000
  • Market Improvement Value: $155,770

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $630,770
  • Assessed Land Value: $475,000
  • Assessed Improvements Value: $155,770

    Sales

  • Current Sale Contract Date: Dec 13, 2019
  • Current Sale Recording Date: Dec 16, 2019
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 07, 1976
  • Previous Sale Contract Date: Oct 07, 1976
  • Previous Sale Amount: $8,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Iredell


Similar Homes for Sale

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Nearby Rentals

Unit for rent at 137 Fern Haven Lane, Mooresville, NC, 28117

$3,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,610 ft²
137 Fern Haven Lane, Mooresville, NC, 28117 Listing by Nick Stallard


Frequently Asked Questions

When was property at 178 Penicillin Point built and last sold?
The property at 178 Penicillin Point was built in 1973 and last sold on Dec 13, 2019 for $250,000.
How much is this home worth?
The estimated value of the home located at 178 Penicillin Point is $981,372.
What are some comparable homes to 178 Penicillin Point?
There are currently no comparable homes to 178 Penicillin Point.