The Point at Lake Norman
Sconset Village - 106 Yale Loop - Mooresville, NC
For Sale by Owner - $950,000
Contact - Steve D'Gerolamo at 201-262-0412 or email@example.com
Professionally Decorated & Furnished - Immediate Occupancy
Current Property Comps - 4/7/18
This home was one of Simonini Builder's showcase models for Sconset Village in The Point in Mooresville, NC. Sconset Village, the only gated community in The Point, consists of approximately 30 Nantucket style homes. The home for sale is situated on 1.53 acres with room for expansion and additional outdoor amenities. The sale includes a Lake Norman Boat Slip at Pier Z and access to membership levels (swim, tennis & golf) at Trump National Golf Course-Charlotte .
Sconset Village - a gated community within The Point at Lake Norman, with moderately sized Nantucket style homes. Most were built by Simonini Builders, a high end builder in the Charlotte area. The home, located at lots 1039 and 1040, was featured in the builder's literature in 2006-2007.
My wife and I purchased this home in 2007. She fell in love with the kitchen and overall floor plan and I loved the quiet neighborhood with "The Point" club amenities just a few minutes away. Mooresville and the Charlotte area were great for my business....low rents and taxes, strong motorsports customer base, and a skilled workforce.
The size of the house is great. Plenty of room for visitors and company but the moderate size (ie, under 4,000 sq ft) means lower taxes, utility and maintenance cost. Coming from a large home in the Northeast, this was a welcomed change.
Over the years, the major mechanicals have been replaced and upgraded..... electrical upgraded to 400 amps in 2007, crawl space sealed and conditioned in 2010, irrigation system replaced with a "Smart Controller" & water-saving heads in 2011, tankless water heaters installed in the crawlspace in 2014 and new Trane high efficiency HVAC systems (1st & 2nd floor) in 2016.
The adjacent wooded lot (102 Yale Loop) was purchased in 2012 and combined with the property at 106 Yale Loop. The utilities infrastructure is still in place for this lot and the buyer of our property could potentially subdivide back to the original 2 properties. There is currently only 1 empty lot left for sale in Sconset Village at $150k (sale pending). Selling this lot to a builder would allow the buyer to recoup some of their investment.
- Built in 2005 - Simonini Builders (Model - Hawthorne C)
- Architect - Sam Greeson (Myer-Greeson-Paulin)
- Located in Sconset Village (gated community)
- Nantucket style 2-story home with hardiplank siding
- 10' ceilings and 8' doors on main level
- 9' ceilings on second floor
- 4 Bedrooms (master suite on the first floor)
- 3 Full and 1 Half bath
- House size - approx 3,524 sq ft (4,291 sq ft including the finished garage)
- 3-car garage (heated & conditioned) - approx 767 sq ft
- 3 zones HVAC (SEER 18 for the home, SEER 13 for the garage)
- 400 amp electrical service
- 2 Gas Fireplaces (1 in Great Room, 1 on Rear Porch)
- Includes Lake Norman Boatslip #90 (Pier Z)
- All furniture & staging available with the purchase of the home ($20,000 addt'l cost)
- Lot size - 1.53 acres (can be subdivided)
- Property Taxes-2017 (Iredell County) - $3,586/yr *
- HOA Fees (Point & Sconset Village) - $2,416/yr
- Pier Z Dock Fee - $400/yr
- Club Membership (TNGC) - $240/mo and up (depending on membership level)
*This area of Mooresville, west of I-77, has the lowest tax rates in Iredell County (lowest in the 4-county Lake Norman area). Taxes are less than half of what would be due in Mecklenburg County.
Tavern restaurant and clubhouse at the 18th hole
A highlight at The Point is the 18-hole Greg Norman designed golf course. TNGC membership is required. More than two-thirds of the holes play directly along or over the water on this beautiful, diverse course, which presents challenges to golfers of all skill levels.
Golf club membership is available to all Point residents. Non-residents by invitation only.
The home is located in Sconset Village....the only gated community within The Point.
Aerial View - 102 and 106 Yale Loop were combined in 2012 - combined lot size is just over 1 1/2 acres
There are 4 homes on Yale Loop. The "Loop" common area, landscaped and maintained by The Point, offers a nice buffer between the homes and the road. The wooded lot at 102 Yale Loop was purchased for additional privacy and combined with our property. This allows expansion and additions to the existing home without having to be concerned with variance and setback issues. My intention, as a Garage Designer, was to build a very nice combination Garage/Workshop/Poolhouse on the adjacent property and to leave the finished existing garage as an office and expanded pantry for dry goods.
Risk of Flooding - the first map above (courtesy of the Washington Post) shows the impact of a 52" deluge like Hurricane Harvey in 2017. Waterfront properties would have 3-5' of water, Trump National would have 3' of standing water, and 106 Yale Loop shows NO flooding. Per the elevation map, the area at the Sconset gate next to the wooded lot (102 Yale Loop) measures 808' above sea level. Outside of a few spots on the golf course, this is the highest elevation in The Point.
(Note- in reality, Duke Power would release water through the dams with such heavy rain and people living at the base of the Catawba in SC would be at highest risk)
Aerial view of Lake Norman. The dotted line south of the house is the county line separating Iredell and Mecklenburg counties. Taxes are approx 50% less in Iredell County (our property taxes were only $3,530 last year). Mooresville is also known for its excellent school system.
Lake Norman is the largest man-made lake in North Carolina. It has 520 miles of shoreline. At 760' above sea level, Lake Norman is well isolated from any coastal flooding.
House in Mooresville in relation to Charlotte (approx 35 minute drive to downtown Charlotte)
Mooresville NC - Travel times to popular destinations in the area
- to Charlotte, NC - 35min
- to Asheville, NC - 2hrs
- to Raleigh/Durham, NC - 2hrs 20min
- to Alton, VA (VIR Raceway) - 2hrs 40min
- to Myrtle Beach, SC - 3hrs 40min
- to Charleston, SC - 3hrs 50min
- to Atlanta, GA - 4hrs
- to Savanah, GA - 4hrs 15min
Front View - House and Garage
View of Yale Loop commons from the 2nd Floor office
Street view of Yale Loop common grounds
Detached 3-car garage with breezeway entrance to house.
Springtime in the Yard
View of house (front sidewalk) - front left (Fall 2015)
Rear Yard, Patio & Outdoor Kitchen
Go to Page 2 - Interior Photos