NOT LISTED FOR SALE

18521 Torrence Chapel Estates Cir Cornelius, NC 28031

Estimated Value: $509,000 - $647,000

4 Beds
2.5 Baths
2,264 Sq Ft
$246/Sq Ft Est. Value

Last Sold October 27, 2022

Last sale price $435,000 $192 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,176/month

119 Days on Market

Highlights

  • Transitional Architecture
  • Attached Garage
  • Central Heating
  • Bailey Middle School Rated A-
  • Walk-In Closet

About This Home

As of October 2022

Enjoy living in Cornelius. This home has all the space you need!! 4 Bedrooms, 2.5 baths, large bonus room or 5th bedroom. A beautiful floor plan!
The primary suite has a walk-in closet!! Located minutes from 3 interstates, restaurants/services, and a grocery store!

Last Agent to Sell the Property

Sally Geiler

NorthGroup Real Estate LLC License #311265 Listed on: 06/03/2022

NorthGroup Real Estate LLC

Last Buyer's Agent

Maceon McCracken

Howard Hanna Allen Tate Lake Norman License #306554

Howard Hanna Allen Tate Lake Norman

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • Zoning described as GR

HOA Fees

  • $30 Monthly HOA Fees

Home Design

  • Transitional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Family Room with Fireplace
  • Laundry on upper level

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Parking

  • Attached Garage
  • Driveway

Schools

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

Utilities

  • Central Heating
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Torrence Chapel Estates Association
  • Torrence Chapel Estates Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 001-743-15

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0

HOA Fees

$30 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Transitional
  • Year Built: 2004
  • Ratio Current Price By Acre: 1359375.00
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 192.14
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Interior Amenities: Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 960
  • 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: 1304
  • Appliances: Cable Prewire, Dishwasher, Disposal, Electric Range, Microwave, Network Ready
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Living Area: 2264
  • Full Bathrooms: 0
  • Total Bedrooms: 0
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Construction Status: Complete
  • Tax Location: Cornelius
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Attached Garage, Driveway, Garage - 2 Car

Utilities

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

Condo/Co-op/Association

  • Association Fee: 360
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Torrence Chapel Estates
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Bailey
  • HOA Subject To: Required
  • CAR_YearlyHOAExpense: 360.00

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 001-743-15
  • Zoning Description: GR
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.69203

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
Jun 3, 2022
Closed on
Oct 26, 2022
Sold by
Opendoor Property Trust
Bought by
Mccracken Maceon and Mitchell Colton
Seller's Agent
Sally Geiler
NorthGroup Real Estate LLC
Buyer's Agent
Maceon McCracken
Howard Hanna Allen Tate Lake Norman
List Price
$520,000
Sold Price
$435,000
Premium/Discount to List
-$85,000
-16.35%
Views
43
Current Estimated Value
$557,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,663
Avg. Annual Appreciation
8.02%
Original Mortgage
$400,000
Outstanding Balance
$385,334
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$172,329

Purchase Details

Closed on
Apr 29, 2022
Sold by
Cabrera Gissella A and Cabrera Ivan A
Bought by
Opendoor Property Trust

Purchase Details

Closed on
Apr 6, 2005
Sold by
The Ryland Group Inc
Bought by
Cabrera Ivan A and Cabrera Gissella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,832
Interest Rate
5.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 21, 2003
Sold by
Wingate Enterprises Inc
Bought by
The Ryland Group Inc
Source: Public Records
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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
Mccracken Maceon -- --
Opendoor Property Trust $945 Chicago Title
Opendoor Property Trust $945 Chicago Title
Cabrera Ivan A $194,000 --
The Ryland Group Inc $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccracken Maceon $400,000
Previous Owner Cabrera Ivan A $179,832
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2022 10/27/22 Sold $435,000 -6.9% $192 / Sq Ft
09/30/2022 09/30/22 Pending -- -- --
09/08/2022 09/08/22 Price Changed $467,000 -1.9% $206 / Sq Ft
08/25/2022 08/25/22 Price Changed $476,000 -1.4% $210 / Sq Ft
08/11/2022 08/11/22 Price Changed $483,000 -1.8% $213 / Sq Ft
07/08/2022 07/08/22 Price Changed $492,000 -3.5% $217 / Sq Ft
06/24/2022 06/24/22 Price Changed $510,000 -1.9% $225 / Sq Ft
06/03/2022 06/03/22 For Sale $520,000 -- $230 / 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
2025 $2,762 $413,400 $95,000 $318,400
2024 $2,762 $413,400 $95,000 $318,400
2023 $2,762 $413,400 $95,000 $318,400
2022 $2,382 $276,000 $75,000 $201,000
2021 $2,355 $276,000 $75,000 $201,000
2020 $2,355 $276,000 $75,000 $201,000
2019 $2,349 $276,000 $75,000 $201,000
2018 $2,007 $183,600 $40,000 $143,600
2017 $1,990 $183,600 $40,000 $143,600
2016 $1,986 $183,600 $40,000 $143,600
2015 $1,955 $183,600 $40,000 $143,600
2014 $1,953 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3868435

Canopy MLS (Canopy Realtor® Association)

APN: 001-743-15