NOT LISTED FOR SALE

17613 Spinnakers Reach Dr Cornelius, NC 28031

Estimated Value: $2,837,000 - $3,240,000

6 Beds
4.5 Baths
5,592 Sq Ft
$551/Sq Ft Est. Value

Last Sold August 26, 2019

Last sale price $1,670,000 $299 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $18,075/month

3 Days on Market

Highlights

  • Golf Course Community
  • Fitness Center
  • Open Floorplan
  • Bailey Middle School Rated A-
  • Waterfront
  • Community Lake

About This Home

As of August 2019

Absolutely stunning water views from almost every room in this exquisite custom home! Home has a private boat dock and has been completely renovated with current designer colors and selections. Step inside through the beautiful custom wrought iron double door to a soaring 2 story foyer. This home was designed with a very open floor plan to maximize the amazing water views - perfect for entertaining family and friends. Master retreat is on main level with a deep water view plus a designer renovated bathroom. You will enjoy the updated gourmet kitchen with huge island, double ovens, and stainless steel appliances. Incredible wood moldings throughout home with many custom details to enjoy. The finished lower level includes a large recreation room with bar area, exercise room, playroom/craft room, 2 additional bedrooms or office space plus a fantastic screened porch. Expansive balcony overlooks gorgeous northern views including sunrise & sunsets - relax and enjoy resort living every day!

Last Agent to Sell the Property

Emily Duke

Ivester Jackson Properties License #194609 Listed on: 07/19/2019

Last Buyer's Agent

Kathy Hanson

Kathy Hanson License #179707

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1996

Lot Details

  • Waterfront
  • Level Lot
  • Irrigation

HOA Fees

  • $102 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Transitional Architecture

Interior Spaces

  • Open Floorplan
  • Tray Ceiling
  • Gas Log Fireplace
  • Attic

Kitchen

  • Breakfast Bar
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Listing and Financial Details

  • Assessor Parcel Number 001-681-25

Community Details

Overview

  • Hawthorne Management Association, Phone Number (704) 377-0114
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 1996

Lot Details

0

HOA Fees

$102 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Architectural Style: Transitional
  • Ratio Close Price By List Price: 0.98293
  • Ratio Close Price By Original Li: 0.98293
  • Ratio Current Price By Acre: 5758620.69
  • Ratio Current Price By Sq Ft: 298.64
  • Year Built: 1996
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance
  • Upper Level Sq Ft: 1348
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Total Bedrooms: 6
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Electric, Dishwasher, Disposal, Double Oven, Microwave, Security System, Wall Oven
  • Fireplace Description: Gas Logs, Great Room
  • Fireplace: Yes
  • Fixture Exception Description: Sound system and wall speakers
  • Fixture Exception Yn: Yes
  • Flooring: Carpet, Tile, Wood
  • H O A Management Phone: 704-377-0114
  • Interior Amenities: Attic Walk-in, Breakfast Bar, Kitchen Island, Open Floorplan, Tray Ceiling, Walk-In Closet(s)
  • Laundry Location: Main, Laundry Room
  • Room Count: 3
  • Sq Ft Basement: 1818
  • Main Level Sq Ft: 2426
  • Total Sq Ft: 5592

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Exterior Features: In-Ground Irrigation

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Multizone A/C, MultiZone Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Club House, Fitness Center, Golf Course, Lake, Playground, Outdoor Pool, Recreation Area, Sidewalk, Street Lights, Tennis Court(s)
  • Association Fee: 612.00
  • Association Fee Frequency: Semi-Annually
  • HOA Management Company: Hawthorne Management
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Features: Cul-de-sac Lot, Lake Access, Level, Long Range View, Water view, Waterfront, Year Round View
  • Lot Size Area: 0.290
  • Parcel Number: 001-681-25
  • Zoning Specification: GR

Tax Info

  • Tax Value: 1429800.00
  • Tax Location: Cornelius

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2019
Closed on
Aug 22, 2019
Sold by
Singh Vikram and Singh Pooja
Bought by
Falcone Michael and Falcone Shelley
Seller's Agent
Emily Duke
Ivester Jackson Properties
Buyer's Agent
Kathy Hanson
Kathy Hanson
List Price
$1,699,000
Sold Price
$1,670,000
Premium/Discount to List
-$29,000
-1.71%
Current Estimated Value
$3,082,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,412,658
Avg. Annual Appreciation
10.68%
Original Mortgage
$1,425,000
Outstanding Balance
$1,253,434
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$1,829,224

Purchase Details

Listed on
Aug 14, 2017
Closed on
Feb 15, 2018
Sold by
Archer Gregory S and Archer Beth A
Bought by
Singh Vikram and Singh Pooja
Seller's Agent
Richard Tomasini
EXP Realty LLC
Buyer's Agent
Anita Hallman
Berkshire Hathaway Homeservices Landmark Prop
List Price
$1,499,999
Sold Price
$1,385,000
Premium/Discount to List
-$114,999
-7.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.01%
Original Mortgage
$1,108,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 25, 2004
Sold by
Podesta Gerard P and Podesta Tracy L
Bought by
Archer Gregory S and Archer Beth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.19%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 2, 2001
Sold by
Capers E Dominic and Capers Karen
Bought by
Podesta Gerard P and Podesta Tracy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
6%
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
Falcone Michael $1,670,000 Southern Homes Title Inc
Singh Vikram $1,385,000 None Available
Archer Gregory S $1,105,000 --
Podesta Gerard P $1,050,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Falcone Shelley F $790,000
Open Falcone Michael $1,425,000
Previous Owner Singh Vikram $1,108,000
Previous Owner Archer Gregory S $100,000
Previous Owner Archer Gregory S $60,000
Previous Owner Archer Gregory S $610,000
Previous Owner Podesta Gerard P $833,000
Previous Owner Podesta Gerard P $840,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2019 08/26/19 Sold $1,670,000 -1.7% $299 / Sq Ft
07/22/2019 07/22/19 Pending -- -- --
07/19/2019 07/19/19 For Sale $1,699,000 +22.7% $304 / Sq Ft
02/15/2018 02/15/18 Sold $1,385,000 -7.7% $252 / Sq Ft
12/19/2017 12/19/17 Pending -- -- --
08/14/2017 08/14/17 For Sale $1,499,999 -- $273 / 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 $15,668 $2,380,100 $1,300,000 $1,080,100
2023 $15,425 $2,380,100 $1,300,000 $1,080,100
2022 $12,525 $1,470,800 $807,500 $663,300
2021 $12,034 $1,429,800 $807,500 $622,300
2020 $12,034 $1,429,800 $807,500 $622,300
2019 $12,028 $1,429,800 $807,500 $622,300
2018 $12,599 $1,166,000 $630,000 $536,000
2017 $12,508 $1,166,000 $630,000 $536,000
2016 $12,505 $1,166,000 $630,000 $536,000
2015 -- $1,166,000 $630,000 $536,000
2014 $12,324 $1,166,000 $630,000 $536,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3530436

Canopy MLS (Canopy Realtor® Association)

APN: 001-681-25