NOT LISTED FOR SALE

16741 100 Norman Place Cornelius, NC 28031

Estimated Value: $4,302,000 - $6,106,000

5 Beds
7 Baths
8,693 Sq Ft
$569/Sq Ft Est. Value

Last Sold August 15, 2024

Last sale price $4,255,000 $489 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $29,046/month

Highlights

  • Covered Dock
  • Assigned Boat Slip
  • Access To Lake
  • J.V. Washam Elementary School Rated 9+
  • Pier or Dock
  • Waterfront

About This Home

As of August 2024

Peninsula Chateau brimming with old world charm and sweeping sunset views. Delight in modern and luxurious finishes throughout, then step out onto 300+ feet of Lake Norman shoreline. Elegant textures such as limestone, hard coat stucco, Moroccan fossil stone, and travertine, are paired with the warmth of custom inlayed cherrywood floors, copperwork, mosaics, murals, and a generous gourmet kitchen with custom cabinetry. Experience lake view serenity from your lavish main-level primary suite, or climb the spiral cast iron staircase to your own wood-vaulted observatory tower complete with glass dome cupola. Unique features include a 2-story Italian colonnade, 2 garages to house 4 cars, modular floor, covered veranda, columned balcony, lakeside rec room, and an elegant wood-paneled office. HOA covers boat slip, dock maintenence, lawn care, community pool, and tennis courts. Neighborhood lends the perfect blend of privacy as well as convenience to nearby amenities. NEW ROOF (6/2024)

Last Agent to Sell the Property

Jayne Cantello

Southern Homes of the Carolinas, Inc Brokerage Email: jaynecantellorealtor@gmail.com License #299110 Listed on: 06/24/2024

Last Buyer's Agent

Non Member

Canopy Administration

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,510

Year Built

  • Built in 2005

Lot Details

  • Waterfront
  • Partially Fenced Property
  • Property is zoned GR

HOA Fees

  • $346 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Rear-Facing Garage
  • Driveway

Home Design

  • European Architecture
  • Old World Architecture
  • Stone Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Family Room with Fireplace
  • Keeping Room with Fireplace
  • Water Views
  • Crawl Space
  • Laundry Room

Kitchen

  • Double Oven
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

Outdoor Features

  • Access To Lake
  • Assigned Boat Slip
  • Boat Slip
  • Covered Dock
  • Outdoor Fireplace

Schools

  • Bailey Middle School
  • William Amos Hough High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 001-531-17

Community Details

Overview

  • 100 Norman Place Subdivision

Recreation

  • Pier or Dock
  • Tennis Courts
  • Community Pool
  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,510

Year Built

Built in 2005

Lot Details

0

HOA Fees

$346 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: European, Old World
  • Year Built: 2005
  • Road Surface Type: Other, Concrete
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 489.47
  • Property Sub Type Additional: None
  • Geocode Confidence: High
  • Attribution Contact: jaynecantellorealtor@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 4202
  • Third Level Sq Ft: 196
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 4295
  • Appliances: Dishwasher, Disposal, Double Oven, Exhaust Hood, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Microwave, Tankless Water Heater, Washer/Dryer
  • Above Grade Finished Sq Ft: 8693
  • Basement YN: No
  • Full Bathrooms: 4
  • Half Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Keeping Room, Outside
  • Living Area: 8693
  • Bedroom Main: 1
  • Room Count: 1

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Fencing: Partial
  • View: Long Range, Water, Year Round
  • Water Body Name: Lake Norman
  • Waterfront Features: Boat Slip (Deed), Boat Slip (Lease/License), Covered structure, Paddlesport Launch Site, Pier - Community
  • Construction Type: Hard Stucco, Stone, Other - See Remarks

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 1223
  • Carport Y N: No
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage, Garage Faces Rear, Garage Faces Side

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer, Other - See Remarks
  • Laundry Features: Mud Room, Laundry Room, Multiple Locations
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Lake Access, Outdoor Pool, Tennis Court(s)
  • Association Fee: 1039
  • Association Fee Frequency: Quarterly
  • Senior Community: No
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • Association Annual Expense: 4156.00

Schools

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

Lot Info

  • Lot Features: Waterfront
  • Lot Size Area: 0.71
  • Lot Size Units: Acres
  • Parcel Number: 001-531-17
  • ResoLotSizeUnits: Acres
  • Zoning Specification: GR

Green Features

  • Green Verification Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2024
Closed on
Aug 15, 2024
Sold by
Jeffrey Michael Mckahan Revocable Trust and Mckahan Jeffrey Michael
Bought by
Dean Bennett Williamson Revocable Trust and Williamson
Seller's Agent
Jayne Cantello
Southern Homes of the Carolinas, Inc
Buyer's Agent
Non Member
Canopy Administration
List Price
$4,255,000
Sold Price
$4,255,000
Views
3
Current Estimated Value
$4,946,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$691,121
Avg. Annual Appreciation
15.26%

Purchase Details

Closed on
Mar 14, 2023
Sold by
Mckahan Jeff
Bought by
Jeffrey Michael Mckahan Revocable Trust

Purchase Details

Listed on
Nov 2, 2020
Closed on
May 25, 2021
Sold by
Salama David J and Salama Lori S
Bought by
Watts Claire and Mckahan Jeff
Seller's Agent
Lori Ivester Jackson
Ivester Jackson Properties
Buyer's Agent
Allyson Burns
Allen Tate Mooresville/Lake Norman
List Price
$3,199,000
Sold Price
$3,075,000
Premium/Discount to List
-$124,000
-3.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.75%

Purchase Details

Closed on
Mar 28, 2000
Sold by
Parris William C and Parris Joetta R
Bought by
Salama David J and Salama Lori S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Dean Bennett Williamson Revocable Trust $4,255,000 None Listed On Document
Jeffrey Michael Mckahan Revocable Trust -- --
Watts Claire $3,075,000 None Available
Salama David J -- --
Salama David J $570,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Salama David J $1,300,000
Previous Owner Salama David J $250,000
Previous Owner Salama David J $100,000
Previous Owner Salama David J $328,550
Previous Owner Salama David J $2,500,000
Previous Owner Salama David J $1,643,750
Previous Owner Salama David J $570,000
Previous Owner Salama David J $570,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2024 08/15/24 Sold $4,255,000 0.0% $489 / Sq Ft
06/24/2024 06/24/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $4,255,000 +38.4% $489 / Sq Ft
05/26/2021 05/26/21 Sold $3,075,000 -3.9% $354 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
11/02/2020 11/02/20 For Sale $3,199,000 -- $368 / 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
2024 $23,510 $3,575,200 $1,200,000 $2,375,200
2023 $22,052 $3,575,200 $1,200,000 $2,375,200
2022 $22,052 $2,628,700 $743,800 $1,884,900
2021 $22,092 $2,628,700 $743,800 $1,884,900
2020 $22,092 $2,628,700 $743,800 $1,884,900
2019 $22,086 $2,628,700 $743,800 $1,884,900
2018 $26,087 $2,416,900 $805,000 $1,611,900
2017 $25,902 $2,416,900 $805,000 $1,611,900
2016 $25,898 $2,416,900 $805,000 $1,611,900
2015 $25,532 $2,416,900 $805,000 $1,611,900
2014 $25,530 $2,416,900 $805,000 $1,611,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4172953

Canopy MLS (Canopy Realtor® Association)

APN: 001-531-17