NOT LISTED FOR SALE

17701 Cotton Patch Ln Cornelius, NC 28031

Estimated Value: $2,334,000 - $4,157,095

0.65 Acre
$4,719,652 Price per Acre
28,314 Sq Ft Lot

Last Sold April 12, 2018

Last sale price $795,000

Est. 286% increase in value since last sale

Current estimated payment $17,847/month

6 Days on Market

Highlights

  • Waterfront
  • Bailey Middle School Rated A-
  • Wooded Lot

About This Lot

As of April 2018

This lot is one of few lots left on the outward peninsula off Jetton. Right off the main channel of the south end of the lake with mile long views of open water. This is an incredible opportunity to get in on one of the most recognized island peninsula parcels on Lake Norman. This lot features mature trees and area to access the lake. Over 100' of shoreline, no HOA's concrete boat ramp in place and open pier is ready for a floating dock. In real estate, the coined term "location, location, location" comes to mind when finding a lot like this. City water, sewer services the proposed home. The homeowner has modern plans for a build if you're interested in seeing them after viewing the lot.

Last Agent to Sell the Property

Stephen Pierce

EXP Realty LLC Mooresville License #288431 Listed on: 02/12/2018

EXP Realty LLC Mooresville

Last Buyer's Agent

Sunny Yates

Yates Realty Inc License #202205

Property Details

Property Type

  • Land

Lot Details

  • Waterfront
  • Wooded Lot

Basement

  • Crawl Space

Listing and Financial Details

  • Assessor Parcel Number 001-312-34
  • Tax Block 02

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.93640
  • Ratio Close Price By Original Li: 0.93640
  • Ratio Current Price By Acre: 1223076.92
  • Restrictions: No Restrictions
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Basement Fully Finished, Basement Partially Finished, Crawl Space

Exterior Features

  • Cleared Acres: 0.10

Utilities

  • Sewer: City Sewer
  • Water: City Water

Schools

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

Lot Info

  • Lot Dimension: 106'x231'x179'x90'x175'
  • Lot Features: Waterfront, Lake Access, Long Range View, Paved Frontage, Lake, Wooded
  • Lot Size Area: 0.650
  • Parcel Number: 001-312-34
  • Zoning Specification: GR
  • Wooded Acres: 0.55

Tax Info

  • Tax Value: 704100.00
  • Tax Block: 02
  • Tax Location: Cornelius

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2018
Closed on
Apr 12, 2018
Sold by
Huseby Scott and Huseby Joyce
Bought by
Olsen Olce J and Olsen Tonje W
Seller's Agent
Stephen Pierce
EXP Realty LLC Mooresville
Buyer's Agent
Sunny Yates
Yates Realty Inc
List Price
$849,000
Sold Price
$795,000
Premium/Discount to List
-$54,000
-6.36%
Current Estimated Value
$3,067,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,272,774
Avg. Annual Appreciation
20.02%

Purchase Details

Listed on
May 5, 2013
Closed on
Jan 3, 2014
Sold by
Cotton Patch 40 Llc
Bought by
Huseby Scott and Huseby Joyce
Seller's Agent
Terri Mayhew
Southern Homes of the Carolinas, Inc
Buyer's Agent
Terri Mayhew
Southern Homes of the Carolinas, Inc
List Price
$769,000
Sold Price
$680,000
Premium/Discount to List
-$89,000
-11.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.73%
Original Mortgage
$680,000
Interest Rate
4.25%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 20, 2006
Sold by
Mcmahan Michael J and Specker Richard L
Bought by
Belle Isle 41 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2006
Sold by
Ehmann Douglas P
Bought by
Mcmahan Michael J and Specker Richard L

Purchase Details

Closed on
Mar 30, 2006
Sold by
Schrum Margaret Ann H
Bought by
Ehmann Douglas P
Source: Public Records

Range of Values:

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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
Olsen Olce J $795,000 None Available
Huseby Scott $680,000 None Available
Belle Isle 41 Llc $690,000 None Available
Cotton Patch 40 Llc $690,000 None Available
Mcmahan Michael J $2,350,000 None Available
Ehmann Douglas P $1,500,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Huseby Scott $680,000
Previous Owner Huseby Scott $680,000
Previous Owner Cotton Patch 40 Llc $733,043
Previous Owner Cotton Patch 40 Llc $720,000
Previous Owner Belle Isle 41 Llc $2,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2018 04/12/18 Sold $795,000 -6.4% --
02/18/2018 02/18/18 Pending -- -- --
02/12/2018 02/12/18 For Sale $849,000 +24.9% --
01/03/2014 01/03/14 Sold $680,000 -11.6% --
12/18/2013 12/18/13 Pending -- -- --
05/05/2013 05/05/13 For Sale $769,000 -- --
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 $15,136 $2,299,100 $1,071,000 $1,228,100
2023 $13,006 $2,299,100 $1,071,000 $1,228,100
2022 $13,006 $1,550,400 $816,000 $734,400
2021 $13,046 $1,550,400 $816,000 $734,400
2020 $8,818 $821,400 $816,000 $5,400
2019 $6,891 $821,400 $816,000 $5,400
2018 $7,592 $704,100 $700,000 $4,100
2017 $7,539 $704,100 $700,000 $4,100
2016 $7,539 $704,100 $700,000 $4,100
2015 $7,433 $704,100 $700,000 $4,100
2014 $7,433 $704,100 $700,000 $4,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3359322

Canopy MLS (Canopy Realtor® Association)

APN: 001-312-34