NOT LISTED FOR SALE

18741 Nautical Dr Unit 305 Cornelius, NC 28031

Estimated Value: $335,000 - $385,000

2 Beds
2 Baths
936 Sq Ft
$210/mo HOA Fee

Last Sold May 23, 2024

Last sale price $345,900 $370 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,250/month

132 Days on Market

Highlights

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

About This Home

As of May 2024

Escape to the lake life in the fantastic Admirals Quarters community at Lake Norman! If you're looking for resort-style living, this gorgeous condo is a perfect fit for you. Recently updated, this penthouse unit features tons of natural light and an open floor plan, granite counters, tall ceilings and stainless steel appliances. Relax on the spacious covered patio and enjoy the easy life. Situated on the shoreline of Lake Norman, you have lake access 24/7 - grab your paddleboard or kayak and enjoy the water at your leisure. Community Amenities include: 2 private beaches, a marina, pool, clubhouse with fitness center, kayak launch area, and tennis courts. Basic cable & water is included. Boat slips and garages are available for lease/sale privately. 30 pound dog restriction strictly enforced. Follow the shoreline and boardwalk to enjoy the popular Port City Club. Super convenient to Birkdale, restaurants, shops, and all that life at the lake truly offers! This community is truly a gem!

Last Agent to Sell the Property

Amanda Hoerdemann

COMPASS Brokerage Email: amanda.hoerdemann@compass.com License #323823 Listed on: 12/02/2023

COMPASS

Last Buyer's Agent

Ben Eige

David Hoffman Realty License #301218

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,182

Year Built

  • Built in 1987

Lot Details

  • 6.87

HOA Fees

  • $210 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Slab Foundation
  • Wood Siding
  • Hardboard

Interior Spaces

  • 3-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Insulated Windows
  • Sliding Doors
  • Living Room with Fireplace
  • Attic Fan

Kitchen

  • Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Access To Lake
  • Covered Patio or Porch

Schools

  • J.V. Washam Elementary School
  • Bailey Middle School
  • William Amos Hough High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 001-482-71

Community Details

Overview

  • Csi Property Managment Association, Phone Number (704) 892-1660
  • Admirals Quarters Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area
  • Clubhouse

Recreation

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

Security

  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,182

Year Built

Built in 1987

Lot Details

0

HOA Fees

$210 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1987
  • Special Assessment Yn: 0
  • Second Living Quarters: None
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: Three
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 369.55
  • Geocode Confidence: High
  • Attribution Contact: amanda.hoerdemann@compass.com
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Entry Level: 3
  • Fireplace: No
  • Flooring: Tile, Vinyl
  • Interior Amenities: Cable Prewire, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 936
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Main: 108
  • Sq Ft Unheated Total: 108
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Range, Exhaust Fan, Gas Water Heater, Microwave, Oven, Refrigerator, Washer
  • Above Grade Finished Sq Ft: 936
  • Accessibility Features: Two or More Access Exits
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Fireplace Features: Gas, Living Room
  • Living Area: 936
  • Window Features: Insulated Window(s)
  • Bedroom Main: 2

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Water Body Name: Lake Norman
  • Construction Type: Hardboard Siding, Wood
  • Patio And Porch Features: Covered, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Parking Space(s)

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: In Unit, Laundry Room
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Attic Fan, Ceiling Fan(s), Central Air
  • Utilities: Cable Available
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Lake Access, Outdoor Pool, Picnic Area, Playground, RV/Boat Storage, Sidewalks, Street Lights, Tennis Court(s), Walking Trails
  • Association Fee: 210
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: CSI Property Managment
  • Phone: 704-892-1660
  • ResoAssociationFeeFrequency: Monthly
  • Association Email: noah@csimanagement.com

Association/Amenities

  • Association Annual Expense: 2520.00

Schools

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

Lot Info

  • Parcel Number: 001-482-71
  • Zoning: NR
  • Land Included Yn: 0
  • Development Status: Completed
  • Zoning Specification: NR

Rental Info

  • Pets Allowed: Breed Restrictions

MLS Schools

  • Elementary School: J.V. Washam
  • High School: William Amos Hough

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2023
Closed on
May 23, 2024
Sold by
Hoerdemann Gregory Martin
Bought by
Mcmahan Tamara Danielle
Seller's Agent
Amanda Hoerdemann
COMPASS
Buyer's Agent
Ben Eige
David Hoffman Realty
List Price
$359,900
Sold Price
$345,900
Premium/Discount to List
-$14,000
-3.89%
Views
946
Current Estimated Value
$355,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,138
Avg. Annual Appreciation
1.84%
Original Mortgage
$221,000
Outstanding Balance
$217,511
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$137,527

Purchase Details

Listed on
Feb 25, 2021
Closed on
May 25, 2021
Sold by
Rouse Arthur T
Bought by
Hoerdemann Gregory Martin
Seller's Agent
Randolph Cameron
Southern Homes of the Carolinas, Inc
Buyer's Agent
Amanda Hoerdemann
COMPASS
List Price
$285,000
Sold Price
$270,000
Premium/Discount to List
-$15,000
-5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.61%
Original Mortgage
$216,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2007
Sold by
Parker Adrian and Parker Lindsey
Bought by
Rouse Arthur T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 30, 1998
Sold by
Eric Orr James and Eric Janet N
Bought by
Cogdill James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,550
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 1998
Sold by
Griffin Bryan Keith and Griffin Sharon
Bought by
Orr James Eric and Orr Janet N
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
Mcmahan Tamara Danielle $346,000 None Listed On Document
Hoerdemann Gregory Martin $270,000 None Available
Rouse Arthur T $155,000 None Available
Cogdill James A $100,000 --
Orr James Eric $93,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcmahan Tamara Danielle $221,000
Previous Owner Hoerdemann Gregory Martin $216,000
Previous Owner Rouse Arthur T $116,250
Previous Owner Cogdill James A $89,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/23/2024 05/23/24 Sold $345,900 0.0% $370 / Sq Ft
03/20/2024 03/20/24 Price Changed $345,900 -3.9% $370 / Sq Ft
12/02/2023 12/02/23 For Sale $359,900 +33.3% $385 / Sq Ft
05/25/2021 05/25/21 Sold $270,000 -3.5% $287 / Sq Ft View Prior Sale
04/22/2021 04/22/21 Pending -- -- --
04/11/2021 04/11/21 Price Changed $279,900 -1.8% $298 / Sq Ft
02/25/2021 02/25/21 For Sale $285,000 -- $303 / 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 $2,182 $325,016 -- $325,016
2024 $2,182 $325,016 -- $325,016
2023 $2,145 $325,016 $0 $325,016
2022 $1,733 $199,500 $0 $199,500
2021 $1,435 $166,300 $0 $166,300
2020 $206 $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: 4090275

Canopy MLS (Canopy Realtor® Association)

APN: 001-482-71