NOT LISTED FOR SALE

18417 Peninsula Cove Ln Cornelius, NC 28031

Estimated Value: $3,878,000 - $4,576,000

6 Beds
6.5 Baths
5,501 Sq Ft
$760/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $3,750,000 $682 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $23,406/month

33 Days on Market

Highlights

  • Covered Dock
  • Pier
  • Boat Lift
  • Bailey Middle School Rated A-
  • Golf Course Community
  • Fitness Center

About This Home

As of March 2024

This luxurious estate-style home, lovingly renovated by renowned builder Ted Thompson, offers breathtaking views of Lake Norman and Peninsula Golf Course from almost every room. Anchored by nearly 800+ square feet of covered terraces above a saltwater pool surrounded by silver travertine & pool cabana w/ full outdoor bath. Pool cabane features an outdoor bar. A sandy beach, large private pier & dock with new Hydro Hoist boat lift offer easy access to Lake Norman’s main channel. The main floor primary suite offers a spa-like experience, featuring dual custom closets and a quartzite counter w/ built-in storage. The kitchen includes walnut butcher block island, Thermadore appliances, quartzite countertops opens to a large dining area and lounge with a custom built-in bar and beverage fridge. Home features 200+ bottles of tempature controlled wine storage. The 2nd floor boasts 4 bedrooms & third floor features an additional guest suite. Luxury encapsulates every level.

Last Agent to Sell the Property

Lisa Ciaravella

COMPASS Brokerage Email: lisa.ciaravella@compass.com License #299977 Listed on: 01/13/2024

COMPASS

Last Buyer's Agent

Liz Miller

Ivester Jackson Properties License #263329

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,394

Year Built

  • Built in 1994

Lot Details

  • Lot Dimensions are 112x277x67x36x27x215
  • Waterfront
  • Back Yard Fenced
  • Irrigation
  • Property is zoned GR

HOA Fees

  • $116 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Property Views

  • Water
  • Golf Course

Home Design

  • Transitional Architecture
  • Stucco

Interior Spaces

  • 2.5-Story Property
  • Wet Bar
  • Bar Fridge
  • Ceiling Fan
  • Fireplace
  • Screened Porch
  • Crawl Space
  • Home Security System

Kitchen

  • Double Oven
  • Gas Oven
  • Indoor Grill
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Pier
  • Boat Lift
  • Covered Dock
  • Patio
  • Outdoor Kitchen
  • Terrace

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 001-641-31

Community Details

Overview

  • Hawthorne Management Association, Phone Number (704) 377-0114
  • The Peninsula Subdivision
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,394

Year Built

Built in 1994

Lot Details

0

HOA Fees

$116 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Transitional
  • Year Built: 1994
  • Restrictions: Architectural Review
  • Restrictions Description: CC&R
  • Second Living Quarters: Other - See Remarks
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two and a Half
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 681.69
  • Geocode Confidence: High
  • Attribution Contact: lisa.ciaravella@compass.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Marble, Wood
  • Interior Amenities: Attic Walk In, Kitchen Island, Tray Ceiling(s), Walk-In Closet(s), Wet Bar
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2849
  • Third Level Sq Ft: 501
  • Sq Ft Unheated Total: 112
  • Sq Ft Unheated Upper: 112
  • Sq Ft Upper: 2151
  • Appliances: Bar Fridge, Dishwasher, Double Oven, Dryer, Exhaust Hood, Gas Cooktop, Gas Oven, Indoor Grill, Refrigerator, Tankless Water Heater, Wine Refrigerator
  • Above Grade Finished Sq Ft: 5501
  • Basement YN: No
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: Sliding Doors
  • Fireplace Features: Gas Log
  • Living Area: 5501
  • Bedroom Main: 1
  • Room Count: 20
  • Bedroom Third: 1

Exterior Features

  • Exterior Features: In-Ground Irrigation, Outdoor Kitchen, Outdoor Shower, In Ground Pool, Other - See Remarks
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Back Yard
  • View: Golf Course, Water, Year Round
  • Water Body Name: Lake Norman
  • Waterfront Features: Beach - Private, Boat Lift, Covered structure, Dock, Pier
  • Construction Type: Hard Stucco, Other - See Remarks
  • Patio And Porch Features: Covered, Patio, Rear Porch, Screened, Terrace

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, Garage Door Opener, Garage Faces Side

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Mud Room, Main Level
  • Security: Security System
  • Cooling: Ceiling Fan(s), Central Air
  • Utilities: Cable Connected, Electricity Connected, Gas, Underground Power Lines
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Golf, Sidewalks, Street Lights, Tennis Court(s)
  • Association Fee: 695
  • Association Fee Frequency: Semi-Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Hawthorne Management
  • Phone: 704-377-0114
  • ResoAssociationFeeFrequency: SemiAnnually

Association/Amenities

  • Association Annual Expense: 1390.00

Schools

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

Lot Info

  • Lot Features: Beach Front, Waterfront
  • Lot Size Area: 0.65
  • Lot Size Units: Acres
  • Parcel Number: 001-641-31
  • Zoning: GR
  • Lot Size: 112x277x67x36x27x215
  • ResoLotSizeUnits: Acres
  • Zoning Specification: GR

Green Features

  • Green Verification Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2024
Closed on
Mar 13, 2024
Sold by
Judy Zazulia Qualified Personal Residenc and William Wahl Qualified Personal Residenc
Bought by
Mcgowan Bart and Mcgowan Gina D
Seller's Agent
Lisa Ciaravella
COMPASS
Buyer's Agent
Liz Miller
Ivester Jackson Properties
List Price
$3,999,999
Sold Price
$3,750,000
Premium/Discount to List
-$249,999
-6.25%
Total Days on Market
33
Views
83
Current Estimated Value
$4,178,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$428,282
Avg. Annual Appreciation
9.11%
Original Mortgage
$2,000,000
Outstanding Balance
$1,973,276
Interest Rate
5.99%
Mortgage Type
New Conventional
Estimated Equity
$2,205,006

Purchase Details

Listed on
May 24, 2022
Closed on
Aug 3, 2022
Sold by
Hondros John P
Bought by
Judy Zazulia Qualified Personal Residence Tru and William Wahl Qualified Personal Residence Trust
Seller's Agent
Anita Sabates
Allen Tate Lake Norman
Buyer's Agent
Lisa Ciaravella
COMPASS
List Price
$4,650,000
Sold Price
$3,900,000
Premium/Discount to List
-$750,000
-16.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.39%
Original Mortgage
$1,500,000
Interest Rate
5.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
May 24, 2022
Closed on
Jun 30, 2022
Sold by
Parks Lankford V Matthew
Bought by
Hondros John P
Seller's Agent
Anita Sabates
Allen Tate Lake Norman
Buyer's Agent
Lisa Ciaravella
COMPASS
List Price
$4,650,000
Sold Price
$3,900,000
Premium/Discount to List
-$750,000
-16.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 13, 2014
Sold by
Helou Daniel J
Bought by
Helou Kathy S

Purchase Details

Closed on
Feb 27, 1996
Sold by
Simonini Builders Inc
Bought by
Helou Daniel J and Helou Kathy S
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
Mcgowan Bart $3,750,000 Old Republic National Title
Judy Zazulia Qualified Personal Residence Tru $3,900,000 Knipp Law Office Pllc
Hondros John P $1,500,000 Matheson Douglas
Helou Kathy S -- None Available
Helou Daniel J $1,022,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgowan Bart $2,000,000
Previous Owner Hondros John P $1,500,000
Previous Owner Hondros John P $850,000
Previous Owner Helou Daniel J $100,000
Previous Owner Helou Kathy S $924,300
Previous Owner Helou Daniel J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $3,750,000 -6.2% $682 / Sq Ft
02/15/2024 02/15/24 Pending -- -- --
01/13/2024 01/13/24 For Sale $3,999,999 +2.6% $727 / Sq Ft
08/03/2022 08/03/22 Sold $3,900,000 -6.6% $717 / Sq Ft
07/01/2022 07/01/22 Price Changed $4,175,000 -5.0% $767 / Sq Ft
06/07/2022 06/07/22 Price Changed $4,395,000 -5.5% $808 / Sq Ft
05/24/2022 05/24/22 For Sale $4,650,000 -- $855 / 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 $13,394 $3,492,400 $1,300,000 $2,192,400
2022 $13,394 $1,573,200 $950,000 $623,200
2021 $13,237 $1,573,200 $950,000 $623,200
2020 $13,237 $1,573,200 $950,000 $623,200
2019 $13,231 $1,573,200 $950,000 $623,200
2018 $11,937 $1,104,600 $525,000 $579,600
2017 $11,851 $1,104,600 $525,000 $579,600
2016 $11,847 $1,104,600 $525,000 $579,600
2015 $11,678 $1,104,600 $525,000 $579,600
2014 $11,676 $1,104,600 $525,000 $579,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4098455

Canopy MLS (Canopy Realtor® Association)

APN: 001-641-31