NOT LISTED FOR SALE

118 Shelter Cove Ln Mooresville, NC 28117

Estimated Value: $822,000 - $1,520,000

4 Beds
3.5 Baths
4,637 Sq Ft
$281/Sq Ft Est. Value

Last Sold January 20, 2021

Last sale price $810,000 $175 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $7,662/month

37 Days on Market

Highlights

  • Waterfront
  • Open Floorplan
  • Clubhouse
  • Lakeshore Elementary School Rated A-
  • Community Lake
  • Wood Flooring

About This Home

As of January 2021

If you are looking for a Lake home for rest and relaxation or entertaining, this home is the total package. Located in Pinnacle Shores, on a quiet cove over looking Lake Norman, minutes from Mooresville, quick boat ride to restaurants and easy access to I77. Yes, you heard correct, this property sits on Lake Norman, so after a long day of jet skiing, hop off at your private dock and get ready for guests, because this home was meant for entertaining. The lower level includes great back yard access, covered stone patio, kitchen that is perfect for shaking up some margaritas, and open floor plan. Main level has been freshly painted, features inlaid hardwood floors, stacked stone fireplace and refinished kitchen cabinets. Owner's oasis is just that, with spa like bathroom including huge soaking tub! Upstairs has plenty of room for guests plus oversized bonus room that could be used as a media room, equipped w/ surround sound. Get ready for lake season early, this home will not last long!

Last Agent to Sell the Property

Christopher Allen

COMPASS License #298205 Listed on: 11/09/2020

COMPASS

Last Buyer's Agent

Mason Cossette

EXP Realty LLC Ballantyne License #303975

EXP Realty LLC Ballantyne

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2000

Lot Details

  • Waterfront
  • Irrigation

HOA Fees

  • $75 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Wood Burning Fireplace
  • Insulated Windows
  • Attic

Flooring

  • Wood
  • Concrete
  • Tile

Outdoor Features

  • Separate Outdoor Workshop

Utilities

  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4628-61-6829.000

Community Details

Overview

  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2000

Lot Details

0

HOA Fees

$75 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Ratio Close Price By List Price: 0.95294
  • Ratio Close Price By Original Li: 0.95294
  • Ratio Current Price By Acre: 1012500.00
  • Ratio Current Price By Sq Ft: 174.68
  • Year Built: 2000
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Fully Finished
  • Upper Level Sq Ft: 1276
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Doors and Windows: g-Insulated Door(s), Insulated Windows
  • Equipment: Beverage Refrigerator, Cable Prewire, Ceiling Fan(s), Dishwasher, Electric Oven, Microwave, Security System, Surround Sound
  • Fireplace Description: Living Room, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Concrete, Tile, Wood
  • Interior Amenities: Attic Walk-in, Basement Shop, Built-Ins, Cable Available, Open Floorplan, Pantry
  • Laundry Location: Main, Laundry Room
  • Room Count: 3
  • Sq Ft Basement: 1598
  • Main Level Sq Ft: 1763
  • Total Sq Ft: 4637
  • Sq Ft Unheated Basement: 153
  • Sq Ft Unheated Total: 285
  • Sq Ft Unheated Upper: 132

Exterior Features

  • Construction: Shingle, Stone, Vinyl
  • Construction Type: Site Built
  • Exterior Features: In-Ground Irrigation, Wired Internet Available, Workshop

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car

Utilities

  • Heating: Central Air, Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Community Well
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Club House, Lake, Outdoor Pool
  • Association Fee: 900.00
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Lakeshore
  • Middle School: Lakeshore
  • High School: Unspecified

Lot Info

  • Lot Features: Lake, Lake Access, Views, Water view, Waterfront
  • Lot Size Area: 0.800
  • Parcel Number: 4628-61-6829.000
  • Zoning Specification: RR

Tax Info

  • Tax Value: 609660.00
  • Tax Location: Mooresville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2020
Sold by
Seguin Paul A and Seguin Melinda C
Bought by
Cashell Michael C and Cashell Heidi C
Current Estimated Value
$1,302,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,800
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 17, 2016
Sold by
Finley Brett and Finley Talisa Jill
Bought by
Swguin Paul A and Segiuin Melinda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,563
Interest Rate
3.45%
Mortgage Type
VA

Purchase Details

Closed on
Aug 19, 2004
Sold by
Taylor Eric R and Taylor Carrie L
Bought by
Finley Brett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 16, 1998
Sold by
Crescent Resources Inc
Bought by
Stubbs Murrell R and Stubbs Stacey B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,158
Interest Rate
6.94%

Purchase Details

Closed on
Sep 1, 1995

Purchase Details

Closed on
Nov 1, 1991
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cashell Michael C $810,000 Title Company Of Nc
Swguin Paul A $600,000 None Available
Finley Brett $495,000 --
Stubbs Murrell R $168,500 --
-- $78,500 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seguin Paul A $341,800
Previous Owner Cashell Michael C $648,000
Previous Owner Swguin Paul A $562,563
Previous Owner Finley Brett $333,700
Previous Owner Taylor Eric R $75,000
Previous Owner Taylor Eric Ray $386,250
Previous Owner Taylor Eric R $85,000
Previous Owner Taylor Eric R $50,000
Previous Owner Stubbs Murrell R $153,158
Closed Finley Brett $111,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2021 01/20/21 Sold $810,000 -4.7% $175 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
12/16/2020 12/16/20 For Sale $850,000 0.0% $183 / Sq Ft
11/24/2020 11/24/20 Pending -- -- --
11/09/2020 11/09/20 For Sale $850,000 0.0% $183 / Sq Ft
07/01/2014 07/01/14 Rented $2,650 0.0% --
06/19/2014 06/19/14 Under Contract -- -- --
06/17/2014 06/17/14 For Rent $2,650 +1.9% --
10/15/2012 10/15/12 Rented $2,600 0.0% --
10/15/2012 10/15/12 For Rent $2,600 +8.3% --
01/04/2012 01/04/12 Rented $2,400 -4.0% --
12/05/2011 12/05/11 Under Contract -- -- --
11/08/2011 11/08/11 For Rent $2,500 -- --
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,850 $981,340 $330,000 $651,340
2023 $5,850 $981,340 $330,000 $651,340
2022 $3,916 $614,530 $210,000 $404,530
2021 $3,882 $609,660 $210,000 $399,660
2020 $3,882 $609,660 $210,000 $399,660
2019 $3,699 $609,660 $210,000 $399,660
2018 $3,624 $597,810 $240,000 $357,810
2017 $3,624 $597,810 $240,000 $357,810
2016 $3,402 $560,660 $240,000 $320,660
2015 $3,402 $560,660 $240,000 $320,660
2014 $3,313 $587,490 $240,000 $347,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3678817

Canopy MLS (Canopy Realtor® Association)

APN: 4628-61-6829.000