18504 Summer Cottage Ln Cornelius, NC 28031
Estimated Value: $1,053,000 - $1,096,000
5
Beds
3.5
Baths
2,996
Sq Ft
$359/Sq Ft
Est. Value
Highlights
- Fitness Center
- Community Lake
- Attic
- Bailey Middle School Rated A-
- Wood Flooring
- Community Pool
About This Home
As of September 2019WOW!! Best priced home in the Peninsula!! 5 Bedroom with master on first floor and 3.5 baths. This is a Custom Simonini Home tucked back in Private Setting of the Peninsula! New Roof in 2017, Open & Spacious Floor Plan with 2 - Story Great Room with Abundant Natural Light. Kitchen offers Granite counter tops & Stainless Steel appliances along w/ Island Work Space & Sunny Breakfast Nook. Clean Stucco Inspection Report from RD McClure. This Premier Neighborhood which Boasts Multi-Million Dollar Homes, Golf Course, Country Club, Yacht Club, Pools and Lake Norman. Boat Slips are available to rent at the Yacht Club year round and slips come up for sale in Peninsula to buy time to time.
Last Agent to Sell the Property
Forward Realty Inc. License #251061 Listed on: 06/08/2019
Home Details
Home Type
- Single Family
Year Built
- Built in 1996
Lot Details
- Level Lot
- Irrigation
- Many Trees
HOA Fees
- $102 Monthly HOA Fees
Parking
- 2
Interior Spaces
- Fireplace
- Crawl Space
- Attic
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- Walk-In Closet
Listing and Financial Details
- Assessor Parcel Number 001-732-14
Community Details
Overview
- Hawthorn Association, Phone Number (704) 377-0114
- Community Lake
Recreation
- Tennis Courts
- Recreation Facilities
- Community Playground
- Fitness Center
- Community Pool
- Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 8, 2019
Closed on
Sep 28, 2019
Sold by
Elam Brian G
Bought by
Vega Hector Centeno
Seller's Agent
Peter Contastathes
Forward Realty Inc.
Buyer's Agent
Peter Contastathes
Forward Realty Inc.
List Price
$549,900
Sold Price
$530,000
Premium/Discount to List
-$19,900
-3.62%
Total Days on Market
89
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$545,291
Avg. Annual Appreciation
11.81%
Original Mortgage
$330,000
Outstanding Balance
$229,054
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$773,639
Purchase Details
Closed on
Nov 14, 2016
Sold by
Elam Deborah B and Elam Brian G
Bought by
Elam Brian G
Purchase Details
Closed on
Oct 9, 2012
Sold by
Moran James H and Moran Kathleen E
Bought by
Elam Brian G and Elam Deborah B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
3.4%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Mar 31, 2011
Sold by
Wian Jonathan S and Wian Ronda L
Bought by
Moran James H and Moran Kathleen E
Purchase Details
Closed on
May 19, 2004
Sold by
Heck John N and Tucker Tammy Jean
Bought by
Wian Jonathan S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,200
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 27, 2003
Sold by
Heck John N
Bought by
Heck John N and Tucker Tammy Jean
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,500
Interest Rate
5.43%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 17, 2002
Sold by
Pyne George and Pyne Helene
Bought by
Chappell Richard E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
8.75%
Similar Homes in Cornelius, NC
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vega Hector Centeno | $530,000 | None Available | |
| Elam Brian G | -- | None Available | |
| Elam Brian G | $375,000 | None Available | |
| Moran James H | $355,000 | None Available | |
| Wian Jonathan S | $359,000 | -- | |
| Heck John N | -- | -- | |
| Heck John N | $345,000 | -- | |
| Chappell Richard E | $310,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vega Hector Centeno | $330,000 | |
| Previous Owner | Ealm Brain G | $112,000 | |
| Previous Owner | Elam Brian G | $33,085 | |
| Previous Owner | Elan Brian G | $37,500 | |
| Previous Owner | Elam Brian G | $300,000 | |
| Previous Owner | Wian Jonathan S | $75,000 | |
| Previous Owner | Wian Jonathan S | $287,200 | |
| Previous Owner | Heck John N | $310,500 | |
| Previous Owner | Chappell Richard E | $279,000 | |
| Closed | Wian Jonathan S | $71,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/27/2019 09/27/19 | Sold | $530,000 | -1.8% | $177 / Sq Ft |
| 09/05/2019 09/05/19 | Pending | -- | -- | -- |
| 08/08/2019 08/08/19 | Price Changed | $539,900 | -1.8% | $180 / Sq Ft |
| 06/08/2019 06/08/19 | For Sale | $549,900 | -- | $184 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $5,500 | $844,300 | $275,000 | $569,300 |
| 2022 | $4,313 | $503,400 | $180,000 | $323,400 |
| 2021 | $4,263 | $503,400 | $180,000 | $323,400 |
| 2020 | $4,263 | $503,400 | $180,000 | $323,400 |
| 2019 | $4,257 | $503,400 | $180,000 | $323,400 |
| 2018 | $4,276 | $394,000 | $100,000 | $294,000 |
| 2017 | $4,243 | $394,000 | $100,000 | $294,000 |
| 2016 | $4,239 | $394,000 | $100,000 | $294,000 |
| 2015 | $4,176 | $394,000 | $100,000 | $294,000 |
| 2014 | $4,174 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Contastathes
Seller's Agent in 2019
Peter Contastathes
Forward Realty Inc.
(704) 439-6253
56 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: CAR3515930
APN: 001-732-14
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