NOT LISTED FOR SALE

18224 Peninsula Club Dr Cornelius, NC 28031

Estimated Value: $2,409,000 - $2,711,000

5 Beds
4.5 Baths
4,842 Sq Ft
$530/Sq Ft Est. Value

Last Sold November 09, 2022

Last sale price $2,275,000 $470 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $15,302/month

2 Days on Market

Highlights

  • Golf Course Community
  • Boat Slip
  • In Ground Pool
  • Bailey Middle School Rated A-
  • Fitness Center
  • Open Floorplan

About This Home

As of November 2022

Modern luxury in highly sought after The Peninsula Community offers unsurpassed opulence. Estate home reflects Mediterranean style w/white painted hard stucco exterior and resort style private back yard on golf course. Great location is close to The Peninsula Club & mins to boat slip on Lake Norman included w/home. Two story foyer opens to great room w/walls of windows overlooking private outdoor oasis. Main level primary bedroom suite wing opens to private court yard & situated by executive office/study w/wood paneled walls/fireplace & full bath. Dining Room opens to great room & kitchen. Updated kitchen is a chef's dream, designer features abound w/custom island, open to breakfast room & sitting area. Modern/updated laundry room & powder room off kitchen & garage for easy access. 3 bedroom suites, 2 full baths & media room round out upper level. Stunning outdoor oasis on golf course w/pool/spa, private patios & grilling station offer year round enjoyment.

Last Agent to Sell the Property

Ben Bowen

Premier Sotheby's International Realty License #225345 Listed on: 10/07/2022

Premier Sotheby's International Realty

Last Buyer's Agent

Michelle Weeks

Helen Adams Realty License #288804

Helen Adams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,990

Year Built

  • Built in 1994

Lot Details

  • Fenced
  • Private Lot
  • Level Lot
  • Irrigation
  • Property is zoned GR, GR

HOA Fees

Parking

  • Attached Garage

Home Design

  • Stucco

Interior Spaces

  • Open Floorplan
  • Central Vacuum
  • Built-In Features
  • Bar Fridge
  • Tray Ceiling
  • Window Treatments
  • Mud Room
  • Great Room with Fireplace
  • Crawl Space
  • Laundry Room

Kitchen

  • Double Oven
  • Gas Cooktop
  • Microwave
  • Wine Refrigerator
  • Kitchen Island

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • In Ground Pool
  • Boat Slip
  • Balcony
  • Patio
  • Terrace

Schools

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

Utilities

  • Central Heating
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 001-661-16

Community Details

Overview

  • Hawthorne Association
  • Built by Custom
  • The Peninsula Subdivision
  • Mandatory home owners association
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Recreation Facilities
  • Community Playground
  • Fitness Center

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,990

Year Built

Built in 1994

Lot Details

0

HOA Fees

$229 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1994
  • Ratio Current Price By Acre: 3611111.11
  • Restrictions: Architectural Review
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Restrictions Description: CCR's The Peninsula HOA
  • Road Surface Type: Circular, Cobblestone
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 469.85
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Stone, Tile, Wood
  • Interior Amenities: Built Ins, Drop Zone, Kitchen Island, Open Floorplan, Pantry, Tray Ceiling, Vaulted Ceiling, Window Treatments
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 3159
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1683
  • Porch: Back,Balcony,Covered,Front,Patio
  • Appliances: Bar Fridge, Central Vacuum, Gas Cooktop, Double Oven, Microwave, Refrigerator, Wine Refrigerator
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Den, Great Room
  • Living Area: 4842
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Fence, In-Ground Irrigation, In Ground Pool, Terrace
  • New Construction: No
  • Construction Status: Complete
  • Tax Location: Cornelius
  • Construction Type: Site Built
  • Water Body Name: Lake Norman
  • Waterfront Features: Boat Slip (Deed)
  • Construction Type: Stucco

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 813
  • Parking Features: Attached Garage, Garage - 3 Car

Utilities

  • Heating: Central, Gas Hot Air Furnace
  • Sewer: Public Sewer
  • Water Heater: Gas
  • Laundry Features: Main Level, Laundry Room
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Golf, Lake, Playground, Recreation Area
  • Association Fee: 695
  • Association Fee Frequency: Semi-Annually
  • Association #2 Fee: 675
  • Association #2 Fee Frequency: Semi-Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Hawthorne
  • ResoAssociationFeeFrequency: SemiAnnually

Schools

  • Middle Or Junior School: Bailey
  • HOA Subject To: Required
  • HOA Management Name 2: The Peninsula Island Boat Slip Assoc.
  • CAR_YearlyHOAExpense: 2740.00

Lot Info

  • Lot Features: Near Golf Course, Level, On Golf Course, Private
  • Lot Size Area: 0.63
  • Lot Size Units: Acres
  • Parcel Number: 001-661-16
  • Zoning Description: GR
  • ResoLotSizeUnits: Acres

Building Info

  • Builder Name: Custom

Tax Info

  • RATIO List Price By Tax Amount: 1.81366

Multi Family

  • Unit Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
Nov 9, 2022
Sold by
S & J Revocable Living Trust
Bought by
Ardolino Peter D
Seller's Agent
Ben Bowen
Premier Sotheby's International Realty
Buyer's Agent
Michelle Weeks
Helen Adams Realty
List Price
$2,295,000
Sold Price
$2,275,000
Premium/Discount to List
-$20,000
-0.87%
Current Estimated Value
$2,567,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,521
Avg. Annual Appreciation
4.41%
Original Mortgage
$1,065,000
Outstanding Balance
$1,020,828
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$1,546,693

Purchase Details

Listed on
Nov 9, 2018
Closed on
Apr 25, 2019
Sold by
Steed David and Steed Lois
Bought by
Schmidt Jeffrey Scott and Schmidt Sharon S
Seller's Agent
Lori Ivester Jackson
Ivester Jackson Properties
Buyer's Agent
Rebecca Hunter
Allen Tate SouthPark
List Price
$1,395,000
Sold Price
$1,225,000
Premium/Discount to List
-$170,000
-12.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.05%
Original Mortgage
$1,041,250
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2016
Sold by
Socuther Cttage Corp
Bought by
Steed David and Steed Losi

Purchase Details

Closed on
Aug 27, 2015
Sold by
Hill William and Hill Christy
Bought by
Southern Cottage Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2002
Sold by
Martin Douglas M and Martin Marilea B
Bought by
Hill William and Hill Christy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Ardolino Peter D $2,275,000 --
Schmidt Jeffrey Scott $1,225,000 None Available
Steed David $1,320,000 None Available
Southern Cottage Corp $1,050,000 None Available
Hill William $642,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ardolino Peter D $1,065,000
Previous Owner Schmidt Jeffrey Scott $735,000
Previous Owner Schmidt Jeffrey Scott $1,041,250
Previous Owner Southern Cottage Corp $450,000
Previous Owner Hill William $417,000
Previous Owner Hill William M $250,000
Previous Owner Hill William $135,000
Previous Owner Hill William M $493,000
Previous Owner Hill William $100,000
Previous Owner Hill William $60,000
Previous Owner Hill William H $490,000
Previous Owner Hill William $480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2022 11/09/22 Sold $2,275,000 -0.9% $470 / Sq Ft
10/09/2022 10/09/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $2,295,000 +87.3% $474 / Sq Ft
04/25/2019 04/25/19 Sold $1,225,000 -5.6% $250 / Sq Ft
03/10/2019 03/10/19 Pending -- -- --
02/08/2019 02/08/19 Price Changed $1,297,000 -3.9% $265 / Sq Ft
12/11/2018 12/11/18 Price Changed $1,349,000 -3.3% $275 / Sq Ft
12/08/2018 12/08/18 For Sale $1,395,000 0.0% $285 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
11/09/2018 11/09/18 For Sale $1,395,000 -- $285 / 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 $12,990 $1,972,000 $425,000 $1,547,000
2023 $12,788 $1,972,000 $425,000 $1,547,000
2022 $10,781 $1,265,400 $300,000 $965,400
2021 $10,655 $1,265,400 $300,000 $965,400
2020 $10,564 $1,254,600 $300,000 $954,600
2019 $10,558 $1,254,600 $300,000 $954,600
2018 $9,661 $893,500 $200,000 $693,500
2017 $9,591 $893,500 $200,000 $693,500
2016 $9,587 $893,500 $200,000 $693,500
2015 $9,450 $893,500 $200,000 $693,500
2014 $9,448 $893,500 $200,000 $693,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3909988

Canopy MLS (Canopy Realtor® Association)

APN: 001-661-16