$395,000
SOLD JUL 17, 2025

18758 Silver Quay Dr Unit 31 Cornelius, NC 28031

3 Beds
2.5 Baths
1,541 Sq Ft
$281/mo HOA Fee

Recently Sold

$256 Per Sq Ft

4% Below List Price

55 Days on Market

Highlights

  • Access To Lake
  • Wood Flooring
  • Tennis Courts
  • Bailey Middle School Rated A-
  • Community Pool
  • Enclosed Glass Porch

About This Home

As of July 2025

Amazing 2 story Townhome with Lake Norman Access. This lovely home features hardwood flooring throughout the first floor, an updated kitchen with granite counter tops & Stainless-Steel appliances. The kitchen is open to the dining area & overlooks the private glass enclosed porch. The home is freshly painted with new carpets on the stairs & 2nd floor. There is a large owner's suite with a private bath on the 2nd floor & 2 ample sized secondary bedrooms with a full bath off the hallway. A new electrical panel was replaced in March 2025 with a 10-year warranty. This community had a $30k special assessment to replace the exterior siding & that will be paid off at closing by the seller. The community has a boat launch & dock for day use, Take your kayak or paddle boards down for an afternoon of fun on the lake or dip into the community pool after a game of tennis. Stroll through the complex on nice sidewalks and green space. Private patio & a storage room off the porch.

Last Agent to Sell the Property

Joy Groya

Coldwell Banker Realty Brokerage Email: joybgroya@gmail.com License #274867 Listed on: 04/01/2025

Coldwell Banker Realty

Last Buyer's Agent

Susan Ritter

RE/MAX Lifestyle License #277513

RE/MAX Lifestyle

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,262

Year Built

  • Built in 1995

Lot Details

  • Lot Dimensions are 22x89x19x89

HOA Fees

  • $281 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Wired For Data
  • Ceiling Fan
  • See Through Fireplace
  • Family Room with Fireplace

Kitchen

  • Electric Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Access To Lake
  • Enclosed Glass Porch
  • Patio

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 001-483-15

Community Details

Overview

  • Cedar Management Association, Phone Number (704) 644-8808
  • Silver Quay Condos
  • Silver Quay Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area

Recreation

  • Tennis Courts
  • Sport Court
  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,262

Year Built

Built in 1995

Lot Details

0

HOA Fees

$281 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 1995
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • Ratio CurrentPrice/TotalPropertyHLA: 256.33
  • Geocode Confidence: High
  • Attribution Contact: joybgroya@gmail.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Slab
  • Entry Level: 1
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 828
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Main: 72
  • Sq Ft Unheated Total: 72
  • Sq Ft Upper: 713
  • Appliances: Dishwasher, Disposal, Electric Oven, Exhaust Fan, Gas Range, Gas Water Heater, Microwave, Refrigerator with Ice Maker, Washer/Dryer
  • Other Equipment: Network Ready
  • Above Grade Finished Sq Ft: 1541
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Fireplace Features: Family Room, Gas Log, See Through
  • Living Area: 1541
  • Bedroom Main: 0
  • Room Count: 10
  • Sq Ft Other: 79

Exterior Features

  • Exterior Features: Storage
  • New Construction: No
  • Construction Type: Site Built
  • Water Body Name: Lake Norman
  • Waterfront Features: Paddlesport Launch Site - Community
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Covered, Enclosed, Glass Enclosed, Patio, Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 267
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, Parking Space(s)

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air
  • Utilities: Cable Available, Electricity Connected, Natural Gas
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Lake Access, Outdoor Pool, Picnic Area, Sidewalks, Sport Court, Tennis Court(s)
  • Association Fee: 281
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Silver Quay
  • Senior Community: No
  • Association Name: Cedar Management
  • Phone: 704-644-8808

Association/Amenities

  • Association Annual Expense: 3372.00

Schools

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

Lot Info

  • Lot Size Area: 0.04
  • Lot Size Units: Acres
  • Parcel Number: 001-483-15
  • Zoning: NR
  • Land Included Yn: 1
  • Lot Size: 22x89x19x89
  • Additional Parcels: No
  • Zoning Specification: NR

Green Features

  • Green Verification Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2025
Closed on
Jul 7, 2025
Sold by
Grella Jennifer and Grella Michael
Bought by
Ramseur Robbin
Seller's Agent
Joy Groya
Coldwell Banker Realty
Buyer's Agent
Susan Ritter
RE/MAX Lifestyle
List Price
$410,000
Sold Price
$395,000
Premium/Discount to List
-$15,000
-3.66%
Views
103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.30%
Original Mortgage
$375,250
Outstanding Balance
$375,250
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$16,714

Purchase Details

Closed on
Jul 31, 2006
Sold by
St Paul Irene A
Bought by
Mabey Beth Anne
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 $395,000 None Listed On Document
Warranty Deed $395,000 None Listed On Document
Warranty Deed $189,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $375,250 New Conventional
Closed $375,250 New Conventional
Previous Owner $129,600 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 Sold $395,000 0.0% $256 / Sq Ft
04/08/2025 04/08/25 Price Changed $395,000 -3.7% $256 / Sq Ft
04/01/2025 04/01/25 For Sale $410,000 -- $266 / 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 $2,262 $337,100 $80,000 $257,100
2022 $2,040 $235,700 $75,000 $160,700
2021 $2,017 $235,700 $75,000 $160,700
2020 $1,977 $235,700 $75,000 $160,700
2019 $2,011 $235,700 $75,000 $160,700
2018 $2,025 $185,300 $54,000 $131,300
2017 $2,008 $185,300 $54,000 $131,300
2016 $2,005 $185,300 $54,000 $131,300
2015 $1,973 $185,300 $54,000 $131,300
2014 $1,971 $185,300 $54,000 $131,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4238668

Canopy MLS (Canopy Realtor® Association)

APN: 001-483-15