NOT LISTED FOR SALE

12111 Bailey Rd Cornelius, NC 28031

Estimated Value: $876,000 - $1,225,615

5 Beds
4 Baths
2,644 Sq Ft
$393/Sq Ft Est. Value

Last Sold January 31, 2024

Last sale price $1,189,000 $450 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $5,944/month

44 Days on Market

Highlights

  • Guest House
  • Barn
  • Sauna
  • Bailey Middle School Rated A-
  • In Ground Pool
  • RV Access or Parking

About This Home

As of January 2024

Introducing a stunning estate-sized parcel in Cornelius, boasting a spacious two acres of land with impressive features. This modernized 4-bedroom home features hardwood floors, custom closets, and a recently updated custom kitchen with quartzite tops, an oversized refrigerator, and custom cabinetry. Entertainment spaces include a covered outdoor living area, massive deck, and a must-see pool deck with a custom in-ground pool and water feature.

The property offers a pool house with a fifth bedroom, full bath, kitchenette, and a bar. Outdoor amenities include two firepits, a jacuzzi, an outdoor sauna, and a large artificial turf area for games. The well-maintained landscape showcases flowering trees, perennials, and a vegetable garden. Ample parking space for RVs, trailers, boats, etc., with a spacious storage shed and barn for additional storage needs.

With irrigation in place, this extraordinary property is a must-see for those seeking an exceptional living experience.

Last Agent to Sell the Property

Chris Klebba

EXP Realty LLC Ballantyne Brokerage Email: chrisklebba@gmail.com License #270942 Listed on: 06/19/2023

EXP Realty LLC Ballantyne

Last Buyer's Agent

Michelle Kelley

EXP Realty LLC Mooresville License #319177

EXP Realty LLC Mooresville

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1997

Lot Details

  • Back Yard Fenced
  • Private Lot
  • Sloped Lot
  • Wooded Lot
  • Property is zoned RP

Home Design

  • Cape Cod Architecture
  • Vinyl Siding
  • Hardboard

Interior Spaces

  • 1.5-Story Property
  • Open Floorplan
  • Wet Bar
  • Bar Fridge
  • Window Screens
  • Mud Room
  • Entrance Foyer
  • Great Room with Fireplace
  • Storage
  • Sauna
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry in Mud Room
  • Laundry Room
  • Electric Dryer Hookup

Parking

  • 3 Carport Spaces
  • Porte-Cochere
  • Driveway
  • RV Access or Parking

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Fire Pit
  • Shed

Schools

  • William Amos Hough High School

Utilities

  • Zoned Heating and Cooling System
  • Tankless Water Heater
  • Cable TV Available

Additional Features

  • Guest House
  • Barn

Listing and Financial Details

  • Assessor Parcel Number 007-111-19

Home Details

Home Type

Single Family

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cape Cod
  • Year Built: 1997
  • Restrictions: No Representation
  • Special Assessment Yn: 0
  • Special Assessment Description: n/a
  • Proposed Special Assessment Desc: n/a
  • Second Living Quarters: Guest House
  • Road Surface Type: Concrete, Gravel, Paved
  • Unit Levels: One and One Half
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 419.55
  • Property Sub Type Additional: Other
  • Geocode Confidence: High
  • Attribution Contact: chrisklebba@gmail.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Attic Stairs Pulldown, Breakfast Bar, Cable Prewire, Drop Zone, Entrance Foyer, Hot Tub, Open Floorplan, Sauna, Split Bedroom, Storage, Walk-In Closet(s), Wet Bar
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1983
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 661
  • Appliances: Bar Fridge, Dishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater
  • Above Grade Finished Sq Ft: 2644
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Door Features: Screen Door(s)
  • Fireplace Features: Great Room
  • Living Area: 2644
  • Bedroom Main: 2

Exterior Features

  • Exterior Features: Fire Pit, In Ground Pool, Porte-cochere, Sauna, Storage
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Back Yard, Fenced
  • Waterfront Features: None
  • Exclusions: TBD
  • Construction Type: Hardboard Siding, Vinyl
  • Other Structures: Barn(s), Shed(s), Other - See Remarks
  • Patio And Porch Features: Covered, Deck, Front Porch, Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Spaces: 3
  • Carport Y N: Yes
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway, RV Access/Parking, Other - See Remarks

Utilities

  • Heating: Central, Ductless, Zoned
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Mud Room, Laundry Room
  • Cooling: Central Air
  • Utilities: Cable Available, Electricity Connected, Gas
  • Water Source: City

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Private, Sloped, Wooded, Other - See Remarks
  • Lot Size Units: Acres
  • Parcel Number: 007-111-19
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RP

MLS Schools

  • Elementary School: Unspecified
  • High School: William Amos Hough

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2023
Closed on
Jan 31, 2024
Sold by
Morris Brandon and Morris Amy
Bought by
Tew Walter Scott and Tew Cynthia Marlin
Seller's Agent
Chris Klebba
EXP Realty LLC Ballantyne
Buyer's Agent
Michelle Kelley
EXP Realty LLC Mooresville
List Price
$1,275,000
Sold Price
$1,189,000
Premium/Discount to List
-$86,000
-6.75%
Views
179
Current Estimated Value
$1,040,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$148,596
Avg. Annual Appreciation
-6.79%
Original Mortgage
$766,550
Outstanding Balance
$753,003
Interest Rate
6.61%
Mortgage Type
Construction
Estimated Equity
$287,401
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tew Walter Scott $1,189,000 Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tew Walter Scott $766,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2024 01/31/24 Sold $1,189,000 -6.7% $450 / Sq Ft
06/19/2023 06/19/23 For Sale $1,275,000 -- $482 / 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
2025 $5,911 $985,000 $305,600 $679,400
2024 $5,911 $732,000 $305,600 $426,400
2023 $5,832 $732,000 $305,600 $426,400
2022 $4,092 $446,700 $150,200 $296,500
2021 $2,720 $382,100 $150,200 $231,900
2020 $3,506 $358,100 $150,200 $207,900
2019 $2,849 $358,100 $150,200 $207,900
2018 $2,720 $244,600 $62,200 $182,400
2017 $2,684 $244,600 $62,200 $182,400
2016 $2,672 $244,600 $62,200 $182,400
2015 $2,652 $244,600 $62,200 $182,400
2014 $2,606 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4036417

Canopy MLS (Canopy Realtor® Association)

APN: 007-111-19