NOT LISTED FOR SALE

17324 Wavecrest Ct Cornelius, NC 28031

Estimated Value: $4,548,574 - $6,106,000

6 Beds
8 Baths
8,678 Sq Ft
$640/Sq Ft Est. Value

Last Sold September 03, 2020

Last sale price $3,250,000 $375 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $33,801/month

424 Days on Market

Highlights

  • Whirlpool in Pool
  • Waterfront
  • Fruit Trees
  • Bailey Middle School Rated A-
  • Open Floorplan
  • Community Lake

About This Home

As of September 2020

Fabulous Peninsula-area waterfront Patrick Joseph Show Home on cul-de-sac with 6 Ensuite BRs spread across 3 levels serviced by an Elevator. Chef will appreciate Wolf/SubZ kitchen w/butler’s pantry, undercounter wine storage, beverage fridge & icemaker, & adjacent Outdoor Kit with Grille & gas/wood PIZZA oven from Italy. Master on main w/steam shower, 2nd master up w/morning kit, 2 offices w/built ins, billiards area, poolside lounge & home theatre steps from salt water pool/spa. 750+/- chilled wine cellar w/humidor. Outdoor living on every level, inc. Basketball ½ court, outdoor shower/pool area, lakeside stone patio, covered overwater entertain area, dock w/lift. FIBER-to-HOME cable/internet, Control4 Home Automation, 36kw gas generator + GREEN features. Raised bed kitchen gardens. Circ drive w/4 car garage w/room for lift + workshop area. 7 cast stone FPs, 4 laundry hookups. Abundant storage. SW orientation features beautiful sunsets, just 25 min to Uptown CLT/airport.

Last Agent to Sell the Property

Colleen Ludington

Ivester Jackson Properties License #286123 Listed on: 05/30/2019

Co-Listed By

Tracy Davis

Ivester Jackson Properties License #157852

Last Buyer's Agent

Matt Sarver

Keller Williams Lake Norman License #234447

Keller Williams Lake Norman

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2008

Lot Details

  • Waterfront
  • Level Lot
  • Irrigation
  • Fruit Trees

Parking

  • Attached Garage
  • Workshop in Garage
  • Circular Driveway

Home Design

  • Spanish Architecture
  • Slab Foundation
  • Spray Foam Insulation

Interior Spaces

  • Elevator
  • Open Floorplan
  • Wet Bar
  • Tray Ceiling
  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Insulated Windows
  • Window Treatments
  • Mud Room
  • Bonus Room with Fireplace
  • Kitchen Island
  • Attic

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • Walk-In Closet
  • Garden Bath

Accessible Home Design

  • Handicap Accessible

Pool

  • Whirlpool in Pool
  • In Ground Pool
  • Spa

Outdoor Features

  • Outdoor Fireplace
  • Outdoor Kitchen
  • Terrace
  • Separate Outdoor Workshop

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Built by PATRICK JOSEPH
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 001-841-06

Home Details

Home Type

Single Family

Year Built

Built in 2008

Lot Details

0

Parking

4

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Spanish
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.96296
  • Ratio Close Price By Original Li: 0.86667
  • Ratio Current Price By Acre: 5241935.48
  • Ratio Current Price By Sq Ft: 374.51
  • Year Built: 2008
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance, Concrete, Slab
  • Upper Level Sq Ft: 2576
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bathrooms: 8.00
  • Total Bedrooms: 6
  • Doors and Windows: Insulated Windows, Screen Door(s)
  • Equipment: Cable Prewire, Ceiling Fan(s), Central Vacuum, Convection Oven, Disposal, Dryer, Electric Dryer Hookup, g-Energy Star® Dishwasher, Exhaust Fan, Freezer
  • Fireplace Description: Bonus Room, Den, FAMILYRM, Fireplace Insert, Gas Vented, Kitchen, Living Room, Porch, Rec Room, See Thru, Wood Burning, Wood burning w/Gas Starter
  • Fireplace: Yes
  • Fixture Exception Description: Toto washlet in Master bath, boat lift
  • Fixture Exception Yn: Yes
  • Flooring: Carpet, Stone, Wood
  • Interior Amenities: Attic Other, Attic Walk-in, Built-Ins, Cable Available, Cathedral Ceiling(s), Drop Zone, Elevator, Garage Shop, Garden Tub, Handicap Access, Hot Tub, Kitchen Island, Open Floorplan, Pantry, Split BR Plan, Tray Ceiling, Vaulted Ceiling, Walk-In Closet(s), Walk-In Pantry, Wet Bar, Whirlpool, Window Treatments
  • Laundry Location: Main, Upper, Lower, Laundry Room
  • Room Count: 3
  • Sq Ft Additional: 228
  • Sq Ft Basement: 2910
  • Main Level Sq Ft: 3192
  • Total Sq Ft: 8678
  • Sq Ft Unheated Basement: 1025
  • Sq Ft Unheated Main: 725
  • Sq Ft Unheated Total: 2147
  • Sq Ft Unheated Upper: 397

Exterior Features

  • Construction: Hard Stucco
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, Hot Tub, In-Ground Irrigation, Outdoor Fireplace, Outdoor Kitchen, Pool-In-Ground, Terrace, Underground Power Lines, Wired Internet Available, Workshop

Garage/Parking

  • Driveway: Circular, Concrete
  • Parking: Attached Garage, Driveway, Garage - 4+ Car, Garage Door Opener, Keypad Entry, Parking Space - 4+, Side Load Garage

Utilities

  • Green Building Features: g-Spray Foam Insulation
  • Heating: Central Air, Gas Hot Air Furnace, Heat Pump - AC, Heat Pump - Heat, Multizone A/C, MultiZone Heat, Radiant Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Lake

Schools

  • Elementary School: Cornelius
  • Middle School: Bailey
  • High School: William Amos Hough

Lot Info

  • Lot Features: Cul-de-sac Lot, Fruit Trees, Lake, Lake Access, Level, Views, Water view, Waterfront, Winter View, Year Round View
  • Lot Size Area: 0.620
  • Parcel Number: 001-841-06
  • Zoning Specification: GR

Building Info

  • Builder Name: PATRICK JOSEPH

Tax Info

  • Tax Value: 3525900.00
  • Tax Location: Mecklenburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2019
Closed on
Sep 2, 2020
Sold by
Ludington James P and Ludington Colleen
Bought by
Gentile Joseph M and Gentile Lori F
Seller's Agent
Colleen Ludington
Ivester Jackson Properties
Buyer's Agent
Matt Sarver
Keller Williams Lake Norman
List Price
$3,750,000
Sold Price
$3,250,000
Premium/Discount to List
-$500,000
-13.33%
Current Estimated Value
$5,550,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,300,525
Avg. Annual Appreciation
11.82%
Original Mortgage
$2,437,500
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2011
Sold by
Brainer David H and Brainer Susan L
Bought by
Ludington James P and Ludington Colleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 22, 2007
Sold by
Patrick Joseph & Associates Inc
Bought by
Brainer David H and Brainer Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
6.12%
Mortgage Type
Construction

Purchase Details

Closed on
May 1, 2007
Sold by
Robinson Michael Kent and Robinson Angela Y
Bought by
Patrick Joseph & Associates Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
6.12%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 7, 1998
Sold by
Krejci Clayton L and Krejci Patricia M
Bought by
Robinson Michael Kent and Robinson Angela Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
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
Gentile Joseph M $3,250,000 Fortified Title Llc
Ludington James P $2,550,000 None Available
Brainer David H $850,000 None Available
Patrick Joseph & Associates Inc $825,000 None Available
Robinson Michael Kent $405,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gentile Joseph M $2,388,968
Closed Gentile Joseph M $2,437,500
Previous Owner Ludington James P $1,500,000
Previous Owner Ludington James P $2,000,000
Previous Owner Brainer David H $2,800,000
Previous Owner Robinson Michael Kent $289,602
Previous Owner Robinson Michael K $74,000
Previous Owner Robinson Michael Kent $300,000
Previous Owner Krejci Clayton L $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2020 09/03/20 Sold $3,250,000 -3.7% $375 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/16/2020 07/16/20 Price Changed $3,375,000 -3.6% $389 / Sq Ft
01/27/2020 01/27/20 Price Changed $3,500,000 -6.7% $403 / Sq Ft
05/30/2019 05/30/19 For Sale $3,750,000 -- $432 / 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 $34,565 $5,342,150 $1,575,000 $3,767,150
2022 $30,316 $3,566,560 $1,200,000 $2,366,560
2021 $29,618 $3,525,900 $1,200,000 $2,325,900
2020 $29,618 $3,525,900 $1,200,000 $2,325,900
2019 $29,612 $3,525,900 $1,200,000 $2,325,900
2018 $29,344 $2,719,000 $630,000 $2,089,000
2017 $29,136 $2,719,000 $630,000 $2,089,000
2016 $29,133 $2,719,000 $630,000 $2,089,000
2015 $28,721 $2,719,000 $630,000 $2,089,000
2014 $28,719 $2,719,000 $630,000 $2,089,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3510518

Canopy MLS (Canopy Realtor® Association)

APN: 001-841-06