NOT LISTED FOR SALE

Estimated Value: $1,364,835 - $1,431,000

5 Beds
4 Baths
4,737 Sq Ft
$295/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $1,075,000 $227 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $8,210/month

12 Days on Market

Highlights

  • Boathouse
  • Pier
  • Waterfront
  • Covered Dock
  • Spa
  • 1.22 Acre Lot

About This Home

As of July 2021

Nestled in Mountain Point on Mountain Island Lake, this beautiful (point) property has over 200' of waterfront shoreline and 1.22 acres. It is directly across from the shores of Latta Plantation Park. One can enjoy the beauty of tree-lined views, expansive deep water views and stunning sunsets either from the 2-story dock or the screened boathouse. The master suite is located on the main with access to large deck and hot tub. The home also boasts a super stylish vernacular inglenook and a piano balcony. Plenty of storage nooks are located throughout the home. Owners can retreat downstairs to activity area for entertainment or solitude.
Conveniently located only 15 minutes to Charlotte and 10 minutes to Charlotte Douglas International Airport. Make an appointment to come view this rustic-chic estate. It is a true masterpiece.

Last Agent to Sell the Property

Neal Crites

Crites Real Estate Brokerage Email: neal@critespropertiesllc.com License #239713 Listed on: 06/03/2021

Co-Listed By

Janine Sipe

Crites Real Estate Brokerage Email: neal@critespropertiesllc.com License #193011

Last Buyer's Agent

Lori Witham

COMPASS License #329674

COMPASS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,306

Year Built

  • Built in 1991

Lot Details

  • 1.22 Acre Lot
  • Waterfront
  • Wooded Lot
  • Property is zoned R5

HOA Fees

  • $41 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Basement Garage
  • Workshop in Garage
  • Garage Door Opener
  • 3 Open Parking Spaces

Home Design

  • Wood Siding
  • Hardboard
  • Stucco

Interior Spaces

  • 2-Story Property
  • Wired For Data
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Window Treatments
  • Pocket Doors
  • Great Room with Fireplace
  • Water Views
  • Home Security System

Kitchen

  • Breakfast Bar
  • Built-In Self-Cleaning Double Convection Oven
  • Electric Oven
  • Gas Cooktop
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Attic

  • Attic Fan
  • Pull Down Stairs to Attic

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Workshop

Eco-Friendly Details

  • Fresh Air Ventilation System

Outdoor Features

  • Spa
  • Pier
  • Boathouse
  • Covered Dock
  • Deck
  • Covered Patio or Porch
  • Fire Pit

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 023-164-23

Community Details

Overview

  • Mountain Point Subdivision
  • Mandatory home owners association

Security

  • Card or Code Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,306

Year Built

Built in 1991

Lot Details

0

HOA Fees

$41 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1991
  • Restrictions: Architectural Review,Livestock Restriction,Manufactured Home Not Allowed,Modular Not Allowed,Subdivision
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 226.94
  • Attribution Contact: neal@critespropertiesllc.com
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Stairs Pulldown, Attic Walk In, Breakfast Bar, Built-in Features, Cable Prewire, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
  • Lower Level Sq Ft: 1208
  • Main Level Sq Ft: 2239
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1290
  • Appliances: Convection Oven, Dishwasher, Disposal, Double Oven, Electric Oven, Exhaust Fan, Gas Cooktop, Gas Water Heater, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Wall Oven
  • Other Equipment: Network Ready
  • Above Grade Finished Sq Ft: 4737
  • Has Basement: Basement, Basement Garage Door, Basement Shop, Exterior Entry, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Door Features: Pocket Doors
  • Fireplace Features: Fire Pit, Great Room
  • Living Area: 4737
  • Window Features: Window Treatments
  • Bedroom Main: 2
  • Room Count: 12

Exterior Features

  • Exterior Features: Fire Pit, Hot Tub
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Water
  • Water Body Name: Mountain Island Lake
  • Waterfront Features: Beach - Private, Boat House, Boat Ramp – Community, Covered structure, Dock, Lake, Pier, Other - See Remarks
  • Construction Type: Hard Stucco, Hardboard Siding, Wood
  • Patio And Porch Features: Covered, Deck, Front Porch, Patio, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Parking Features: Basement, Attached Garage, Garage Door Opener, Garage Faces Side, Garage Shop, Keypad Entry, Parking Space(s)

Utilities

  • Heating: Central, Electric, ENERGY STAR Qualified Equipment, Forced Air, Fresh Air Ventilation, Heat Pump, Natural Gas
  • Sewer: Septic Installed
  • Laundry Features: Gas Dryer Hookup, In Basement, Laundry Room, Main Level
  • Security: Carbon Monoxide Detector(s), Security System
  • Cooling: Attic Fan, Ceiling Fan(s), Heat Pump
  • Utilities: Gas
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 495
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Features: Lake On Property, Wooded, Waterfront
  • Lot Size Area: 1.22
  • Lot Size Units: Acres
  • Parcel Number: 023-164-23
  • Lot Size Acres: 1.22
  • Lot Size: Irregular
  • Lot Size Sq Ft: 53143
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R5

Green Features

  • Green Verification Count: 1

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2021
Closed on
Jul 27, 2021
Sold by
Lancaster Gary L and Lancaster Bennett
Bought by
Bonelli Michael M and Bonelli Kelly L
Seller's Agent
Neal Crites
Crites Real Estate
Buyer's Agent
Lori Witham
COMPASS
List Price
$1,095,000
Sold Price
$1,075,000
Premium/Discount to List
-$20,000
-1.83%
Current Estimated Value
$1,395,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,861
Avg. Annual Appreciation
6.61%
Original Mortgage
$806,250
Outstanding Balance
$741,292
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$650,823

Purchase Details

Closed on
Jun 25, 1998
Sold by
Vandoorn Thomas William C and Horton Amy
Bought by
Lancaster Gary L and Lancaster Bennett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,000
Interest Rate
7.04%
Source: Public Records

Range of Values:

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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
Bonelli Michael M $1,075,000 Morehead Title
Lancaster Gary L $430,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bonelli Michael M $806,250
Previous Owner Lancaster Gary L $277,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $1,075,000 -1.8% $227 / Sq Ft
06/16/2021 06/16/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $1,095,000 -- $231 / Sq Ft
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
2023 $6,306 $923,900 $390,000 $533,900
2022 $6,131 $679,500 $325,000 $354,500
2021 $5,985 $679,500 $325,000 $354,500
2020 $6,513 $679,500 $325,000 $354,500
2019 $5,889 $679,500 $325,000 $354,500
2018 $6,513 $580,200 $300,000 $280,200
2017 $6,466 $580,200 $300,000 $280,200
2016 -- $580,200 $300,000 $280,200
2015 $6,324 $580,200 $300,000 $280,200
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3743034

Canopy MLS (Canopy Realtor® Association)

APN: 023-164-23