NOT LISTED FOR SALE

18741 Nautical Dr Unit 203 Cornelius, NC 28031

Estimated Value: $302,114 - $351,000

2 Beds
2 Baths
945 Sq Ft
$208/mo HOA Fee

Last Sold October 17, 2022

Last sale price $275,000 $291 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,035/month

71 Days on Market

Highlights

  • Fitness Center
  • RV or Boat Storage in Community
  • Community Lake
  • Bailey Middle School Rated A-
  • Open Floorplan
  • Clubhouse

About This Home

As of October 2022

Welcome to paradise, right in the heart of Lake Norman! Convenient location to everything in Cornelius, and right around the corner from Birkdale Village, parks, restaurants, shops, and walking/running/biking trails. This gorgeous condo is like brand new, it has been totally renovated in 2021! New everything, including a beautifully updated kitchen and bathrooms! Enjoy summer days by the pool, tennis matches, and views of the lake from your neighborhood. You'll love living in Admirals Quarters, surrounded by the beauty of Lake Norman and all there is to offer in this area!

Last Agent to Sell the Property

Chelsea Pegram

Southern Charm Realty & Retreats INC License #310171 Listed on: 08/06/2022

Last Buyer's Agent

Lisa Sharp

Nest Realty Lake Norman License #252320

Nest Realty Lake Norman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,876

Year Built

  • Built in 1987

Lot Details

  • 6.87

HOA Fees

  • $208 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Entry on the 2nd floor
  • Slab Foundation
  • Hardboard

Interior Spaces

  • 945 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Gas Fireplace
  • Living Room with Fireplace

Kitchen

  • Electric Cooktop
  • Microwave
  • Freezer
  • Dishwasher

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Pond
  • Balcony
  • Covered Patio or Porch

Utilities

  • Central Heating
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 001-482-63

Community Details

Overview

  • Csi Association
  • Mid-Rise Condominium
  • Admirals Quarters Condos
  • Admirals Quarters Subdivision
  • Mandatory home owners association
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • RV or Boat Storage in Community
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,876

Year Built

Built in 1987

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1987
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 1
  • Unit Floor Level: 2
  • Proposed Special Assessment Desc: voted but not confirmed, would be $2900 over 4 years
  • Structure Type: Mid-Rise
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 291.01
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Tile, Vinyl
  • Interior Amenities: Cable Available, Open Floorplan, Pantry, Split Bedroom
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 945
  • 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: 0
  • Porch: Balcony,Covered
  • Appliances: Ceiling Fan(s), Electric Cooktop, Dishwasher, Dryer, Freezer, Microwave, Natural Gas, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Living Room, Gas
  • Living Area: 945
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Construction Status: Complete
  • Tax Location: Cornelius
  • Construction Type: Site Built
  • Water Body Name: Lake Norman
  • Waterfront Features: Beach - Public, Boat Slip – Community
  • Construction Type: Hardboard Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Assigned

Utilities

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

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Lake, Outdoor Pool, Playground, Pond, RV/Boat Storage, Sidewalks, Street Lights, Tennis Court(s)
  • Association Fee: 208.1
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Admirals Quarters
  • Association Name: CSI
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required
  • HOA Email: beth@csicommunities.com
  • CAR_YearlyHOAExpense: 2497.20

Lot Info

  • Lot Features: Lake Access
  • Lot Size Units: Acres
  • Parcel Number: 001-482-63
  • Land Included Yn: 0
  • Zoning Description: NR
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes

Tax Info

  • RATIO List Price By Tax Amount: 1.65364

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2022
Closed on
Oct 7, 2022
Sold by
Franceschini Heverton and Franceschini Ellen
Bought by
Dantinne Derek and Degeorge Mary
Seller's Agent
Chelsea Pegram
Southern Charm Realty & Retreats INC
Buyer's Agent
Lisa Sharp
Nest Realty Lake Norman
List Price
$300,000
Sold Price
$275,000
Premium/Discount to List
-$25,000
-8.33%
Views
72
Current Estimated Value
$317,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,779
Avg. Annual Appreciation
4.87%
Original Mortgage
$124,000
Outstanding Balance
$119,001
Interest Rate
5.66%
Mortgage Type
Balloon
Estimated Equity
$198,778

Purchase Details

Listed on
Jul 1, 2018
Closed on
Aug 16, 2018
Sold by
Nickerson James and Nickerson Catherine C
Bought by
Franceschini Heverton and Franceschini Ellen
Seller's Agent
Barry Aldridge
Realty ONE Group Select
Buyer's Agent
Holly Reiter
Keller Williams Advantage
List Price
$167,000
Sold Price
$167,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.74%

Purchase Details

Listed on
Feb 23, 2017
Closed on
Apr 6, 2017
Sold by
Riddle Andrea and Riddle Jeffrey
Bought by
Nickerson Catherine C
Seller's Agent
Rachel Lewis
Lewis And Kirk Realty LLC
Buyer's Agent
Michael Carpino
Lake & Town Realty
List Price
$140,000
Sold Price
$140,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.74%
Original Mortgage
$105,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 1, 2016
Closed on
Jan 4, 2016
Sold by
Sprip Llc
Bought by
Riddle Andrea and Riddle Jeffrey
Seller's Agent
Rachel Lewis
Lewis And Kirk Realty LLC
Buyer's Agent
Non Member
Canopy Administration
Sold Price
$1,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2006
Sold by
Lomax Breckell L and Gregory Matthew H
Bought by
Sentous Frank and Kosofsky Damon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,300
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 13, 2004
Sold by
Kamp Barbara Ann
Bought by
Lomax Breckell L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,900
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2004
Sold by
King Herbert Wayne and King Stephanie
Bought by
Kamp Barbara Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 1998
Sold by
Dawn Bray Angela
Bought by
King Herbert Wayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Dantinne Derek $275,000 --
Franceschini Heverton $167,000 None Available
Nickerson Catherine C $140,000 None Available
Riddle Andrea $127,500 None Available
Sentous Frank $117,000 None Available
Lomax Breckell L $117,000 --
Kamp Barbara Ann $80,000 --
King Herbert Wayne $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dantinne Derek $124,000
Previous Owner Nickerson Catherine C $105,000
Previous Owner Riddle Andrea $93,750
Previous Owner Sentous Frank $105,300
Previous Owner Lomax Breckell L $116,900
Previous Owner Kamp Barbara Ann $72,000
Previous Owner King Herbert Wayne $85,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2022 10/17/22 Sold $275,000 0.0% $291 / Sq Ft
08/24/2022 08/24/22 Price Changed $275,000 -8.3% $291 / Sq Ft
08/06/2022 08/06/22 For Sale $300,000 +79.6% $317 / Sq Ft
08/21/2018 08/21/18 Sold $167,000 0.0% $178 / Sq Ft View Prior Sale
07/11/2018 07/11/18 Pending -- -- --
07/01/2018 07/01/18 For Sale $167,000 +19.3% $178 / Sq Ft
04/07/2017 04/07/17 Sold $140,000 0.0% $149 / Sq Ft View Prior Sale
02/26/2017 02/26/17 Pending -- -- --
02/23/2017 02/23/17 For Sale $140,000 0.0% $149 / Sq Ft
02/27/2016 02/27/16 Rented $1,100 -4.3% --
02/19/2016 02/19/16 Under Contract -- -- --
02/01/2016 02/01/16 For Rent $1,150 +48.4% --
05/22/2012 05/22/12 Rented $775 -13.9% --
04/22/2012 04/22/12 Under Contract -- -- --
01/01/2012 01/01/12 For Rent $900 -- --
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 $1,876 $278,323 -- $278,323
2024 $1,876 $278,323 -- $278,323
2023 $1,843 $278,323 $0 $278,323
2022 $1,733 $199,500 $0 $199,500
2021 $1,395 $166,300 $0 $166,300
2020 $1,429 $170,400 $0 $170,400
2019 $1,463 $170,400 $0 $170,400
2018 $1,307 $118,700 $40,000 $78,700
2017 $1,295 $118,700 $40,000 $78,700
2016 $1,291 $118,700 $40,000 $78,700
2015 $1,270 $118,700 $40,000 $78,700
2014 $1,268 $118,700 $40,000 $78,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3887841

Canopy MLS (Canopy Realtor® Association)

APN: 001-482-63