NOT LISTED FOR SALE

16403 Pinwhenny Rd Cornelius, NC 28031

Estimated Value: $4,252,000 - $5,835,731

5 Beds
8 Baths
6,702 Sq Ft
$748/Sq Ft Est. Value

Sale Details

Date Sold: February 11, 2022

Last sale price $2,500,000 $373 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $26,329 / mo

About This Home

This is a once in a lifetime opportunity to own the most desired trophy lot on Lake Norman. This waterfront lot has only exchanged hands once in nearly 30 years. Lots like this do not exist! This open channel, point lot has the most spectacular sunset views that you will ever experience.
Living here is like watching a live movie set of Lake Norman in action from your own backyard, from sparkling blue waters, to stunning vivid skies, to colorful sailing regattas.
Incredible brand new boulder seawall built to last for generations to come (5' High VA Fieldstone boulder wall
& 3' wide TN Crab Orchard cap). This is a Premier location in Cornelius and is just minutes to the Peninsula Country Club, Yacht Club, Dining & Entertainment and Waterfront Parks!
Over 320 feet of water frontage! Private Street! No HOA! Unmatched Panoramic Views!
"YOU CAN'T BUILD SUNSET LOTS, BUT YOU CAN BUILD YOUR DREAM HOME ON THIS LOT!"

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2022
Closed on
Feb 11, 2022
Sold by
Mcgibbon Gordon C and Mcgibbon Stephanie
Bought by
Watson Kevin and Watson Julie
Seller's Agent
Sunny Yates
Yates Realty Inc
Buyer's Agent
Nicole Leininger
Ivester Jackson Christie's
List Price
$2,500,000
Sold Price
$2,500,000
Current Estimated Value
$4,602,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,102,873
Avg. Annual Appreciation
17.79%

Purchase Details

Closed on
Mar 11, 2021
Sold by
The Chester Company Llc
Bought by
Mcgibbon Gordon C and Mcgibbon Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,425,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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
Watson Kevin $2,500,000 Matheson Law Firm Pa
Mcgibbon Gordon C $2,000,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcgibbon Gordon C $1,425,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/11/2022 02/11/22 Sold $2,500,000 0.0% -- View Prior Sale
01/18/2022 01/18/22 Pending -- -- --
01/15/2022 01/15/22 For Sale $2,500,000 -- --

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 $21,088 $4,563,300 $2,415,000 $2,148,300
2024 $21,088 $3,213,600 $2,415,000 $798,600
2023 $15,606 $2,415,000 $2,415,000 $0
2022 $13,582 $1,600,000 $1,600,000 $0
2021 $13,422 $1,600,000 $1,600,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Sunny Yates

    Seller's Agent in 2022

    Sunny Yates

    Yates Realty Inc

    (704) 737-1732

    24 in this area

    107 Total Sales

    Sunny Yates
    Section Image
  • Nicole Leininger

    Buyer's Agent in 2022

    Nicole Leininger

    Ivester Jackson Christie's

    (704) 450-6280

    10 in this area

    131 Total Sales

    Nicole Leininger
    Section Image
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Map

North Carolina Mecklenburg County Cornelius 28031

16403 Pinwhenny Rd, Cornelius, NC

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