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Alford Realty Group Sells Home in Water Oak in Mooresville for $37,500 More Than Owner Purchased It for in 2011

Alford Realty Group sells home in Water Oak in Mooresville, NC with a large profit for the seller.

Mooresville, NC, January 14, 2015 --( Alford Realty Group of Southern Homes of the Carolinas, Mooresville, NC has just sold a home in the Water Oak subdivision which is a lakeside community in Mooresville, NC. This home was listed for sale and accepted offer the last week of October. The sale on this home closed in November.

This home was sold for $255,000. This home was purchased by the previous owner in 2011. In 2011 the owner paid $217,500 for the home. Alford Realty Group was able to get this home sold for over $37,500 more than the owner had originally paid for it. This increase in price also shows that the Lake Norman and Mooresville real estate market is on the rise and has recovered in certain areas from the market crash just a couple of years after this home was purchased.

The Water Oak home in Mooresville is a two story, single family home. This home is measured at 2,470 square feet and has a lot size of .15 acre. This home has 4 bedrooms and 2 and a half bathrooms. The home also features beautiful hardwood floors, a 2 car attached garage, fenced in yard. This home has a darling rocking chair front porch and is set in a wonderful “Americana” style neighborhood.

This Water Oaks home is located in the zip code region of 28117. The number of active listings in Mooresville (28117) has dropped by 9.9% from the previous year. The median number of days active properties have been listed is 74. This is significantly shorter than the national average. The number of sales in December rose by 2.6%from the previous year.

Mooresville is a lakeside town on the northeast side of Lake Norman. Mooresville is also located along I-77 which gives it easy access to Charlotte, NC. Charlotte, NC is about 25 minutes south of Mooresville. Mooresville is a top choice for many homeowners to live in largely because of the proximity to Charlotte, I-77 and Lake Norman. Another top reason many residents choose Mooresville is because of the low taxes in Iredell County.

The median listing price for homes in Mooresville 28117 is $304,088. This number is up by 14.5% from the previous year. There are currently 455 listings in Mooresville 28117 with 85 of those being currently under contract.

The percentage of owner occupied homes in Mooresville 28117 is 80%. The percentage of renter occupied properties in Mooresville 28117 is 20%. A high percentage of ownership can indicate an area where people like to live and is an indication of stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area. The average percentage of rentals in the State of North Carolina is 33%.

Median household income in 28117 is $78,595 while the State of North Carolina’s average is $43,916 annually.

For the zip 28117, 11.2% of the residents in this area have received their graduate degree. 41.8% of the people have completed a bachelor’s degree as their highest education level.

The median age in this area is 34. The population in this area (age 15 and over) is 65.3% married. There are 14,602 homes in Mooresville 28117. Of those homes, 35.4% of the homes are reported to include children in the residents.

Alford Realty Group at Southern Homes of the Carolinas was started by Lisa Alford. Lisa Alford has been in the real estate business for over 20 years with 15 of those years as a real estate paralegal. Lisa Alford is a native of Charlotte, NC and has been a resident of Mooresville for 4 years. The team includes Justice Alford who is the assistant and John Alford who is the company gopher and sign person as well as assistant duties as needed. While Alford Realty Group works all of the Charlotte area, they specialize in the Lake Norman. Alford Realty Group stated that they utilize all of today’s best marketing techniques and technology along with personable, friendly and professional attitude. Alford Realty Group’s motto is “We treat you like we would want our family treated.”
Contact Information
Alford Realty Group - Southern Homes of the Carolinas
Lisa Alford

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