$3,900,000
SOLD AUG 3, 2022

18417 Peninsula Cove Ln Cornelius, NC 28031

6 Beds
6.5 Baths
5,440 Sq Ft
0.65 Acres

Recently Sold

$717 Per Sq Ft

16% Below List Price

71 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

Welcome to 18417 Peninsula Cove. Poised on a coveted lot with sweeping Lake Norman and Peninsula golf course views, this home is truly a masterpiece. The home was lovingly renovated by the owner and celebrity builder Ted Thompson. Precise attention to every detail gives this timeless property a brand new move-in ready touch. The heart of the home is the sprawling kitchen that includes Thermador appliances, Rohl fixtures, walnut butcher block island, and quartzite counters. The kitchen opens to large dining area, custom bar and outdoor terraces perfect for entertaining. Expansive outdoor living includes saltwater pool with silver travertine surround, sandy beach, pool cabana complete with outdoor bath, expansive terraces , large private pier and dock with covered sitting area. The primary main floor bedroom includes spa like bath with dual custom closets. The second and third levels include spacious bedrooms and office space. This one of a kind home is simply perfection.

Last Agent to Sell the Property

Anita Sabates

Allen Tate Lake Norman License #148222 Listed on: 05/24/2022

Allen Tate Lake Norman

Last Buyer's Agent

Lisa Ciaravella

COMPASS License #299977

COMPASS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,394

Year Built

  • Built in 1994

Lot Details

  • Lot Dimensions are 112x277x67x36x27x215
  • Waterfront
  • Cul-De-Sac
  • Fenced
  • Level Lot
  • Open Lot
  • Irrigation
  • Wooded Lot
  • Property is zoned GR, GR

HOA Fees

  • $116 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Stucco

Interior Spaces

  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bar Fridge
  • Ceiling Fan
  • Great Room with Fireplace
  • Basement
  • Crawl Space
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet

Outdoor Features

  • In Ground Pool
  • Pier
  • Boat Lift
  • Covered Dock
  • 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 001-641-31

Community Details

Overview

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

Recreation

  • Golf Course Community
  • 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

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1994
  • Ratio Current Price By Acre: 6000000.00
  • Restrictions: Architectural Review
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Special Assessment Description: 0
  • Proposed Special Assessment Desc: 0
  • Road Surface Type: Concrete
  • Structure Type: Two and a Half Story/Basement
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 716.91
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Marble, Wood
  • Interior Amenities: Breakfast Bar, Built Ins, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s), Wet Bar
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2682
  • Third Level Sq Ft: 432
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 101
  • Sq Ft Unheated Upper: 101
  • Sq Ft Upper: 2326
  • Second Living Quarters Hla: 0
  • Second Living Quarters Sq Ft: 0
  • Porch: Back,Covered,Front,Other
  • Appliances: Bar Fridge, Cable Prewire, Ceiling Fan(s), Gas Cooktop, Dishwasher, Disposal, Plumbed For Ice Maker, Microwave, Refrigerator
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Great Room
  • Living Area: 5440
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Half Bathrooms: 0
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 1

Exterior Features

  • Exterior Features: Fence, In-Ground Irrigation, In Ground Pool, Terrace
  • New Construction: No
  • Roof: Shingle
  • Construction Status: Complete
  • Tax Location: Cornelius
  • Construction Type: Site Built
  • Water Body Name: Lake Norman
  • Waterfront Features: Beach - Private, Boat Lift, Covered structure, Dock, Pier
  • Construction Type: Stucco, Other

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 862
  • Parking Features: Attached Garage, Garage - 3 Car

Utilities

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

Condo/Co-op/Association

  • Community Features: Fitness Center, Golf, Lake, Sidewalks, Street Lights
  • Association Fee: 695
  • Association Fee Frequency: Semi-Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Hawthorne Mgmt
  • Phone: 704-377-0114
  • ResoAssociationFeeFrequency: SemiAnnually

Schools

  • Middle Or Junior School: Bailey
  • HOA Subject To: Required
  • CAR_YearlyHOAExpense: 1390.00

Lot Info

  • Lot Features: Cul-De-Sac, Level, Open Lot, Wooded, Water View, Waterfront
  • Lot Size Area: 0.65
  • Lot Size Units: Acres
  • Parcel Number: 001-641-31
  • Lot Size: 112x277x67x36x27x215
  • Zoning Description: GR

Tax Info

  • RATIO List Price By Tax Amount: 2.65383

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
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%
Views
83
Current Estimated Value
$4,035,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,196
Avg. Annual Appreciation
5.59%
Original Mortgage
$2,000,000
Outstanding Balance
$1,973,276
Interest Rate
5.99%
Mortgage Type
New Conventional
Estimated Equity
$2,071,466

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,750,000 Old Republic National Title
Warranty Deed $3,900,000 Knipp Law Office Pllc
Warranty Deed $1,500,000 Matheson Douglas
Interfamily Deed Transfer -- None Available
Deed $1,022,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,000,000 New Conventional
Previous Owner $1,500,000 Credit Line Revolving
Previous Owner $850,000 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $924,300 Unknown
Previous Owner $100,000 Credit Line Revolving
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: 3864142

Canopy MLS (Canopy Realtor® Association)

APN: 001-641-31