NOT LISTED FOR SALE

18807 Silver Quay Dr Unit 26 Cornelius, NC 28031

Estimated Value: $305,000 - $400,000

2 Beds
2.5 Baths
1,196 Sq Ft
$289/Sq Ft Est. Value

Last Sold June 19, 2019

Last sale price $170,000 $142 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $1,955/month

Highlights

  • Pier or Dock
  • Access To Lake
  • Community Pool
  • Bailey Middle School Rated A-
  • Screened Porch
  • Built-In Features

About This Home

As of December 2023

Available NOW!!! Lake Access Community. Very private unit, New Carpet, additional cabinets. Close to shopping & restaurants. Quiet community with swimming pool & tennis courts.

Last Agent to Rent the Property

David Fox

Fox Group Properties LLC Brokerage Email: david@foxgroupproperties.com License #227445 Listed on: 11/10/2023

Last Renter's Agent

David Fox

Fox Group Properties LLC Brokerage Email: david@foxgroupproperties.com License #227445 Listed on: 11/10/2023

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1995

Lot Details

  • 871

Home Design

  • Entry on the 1st floor
  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Gas Fireplace
  • Screened Porch
  • Storage
  • Washer and Dryer

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Garden Bath

Parking

  • 2 Parking Garage Spaces
  • Driveway

Schools

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

Additional Features

  • Access To Lake
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Security Deposit $1,895
  • Property Available on 11/10/23
  • Tenant pays for all except water
  • 12-Month Minimum Lease Term
  • Assessor Parcel Number 001-483-48

Community Details

Recreation

  • Pier or Dock
  • Community Pool

Pet Policy

  • Pet Deposit $500

Additional Features

  • Silver Quay Subdivision
  • Picnic Area

Townhouse Details

Home Type

Townhome

Year Built

Built in 1995

Lot Details

0

Rental Info

  • Tenant Pays: All except water
  • Furnished: Unfurnished
  • Pets Allowed: Conditional
  • Smoking Allowed Yn: 0
  • Lease Term: 12 Months
  • Available Date: 2023-11-10
  • Pet Deposit: 500
  • Security Deposit: 1895
  • Application Fee: 50

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Townhouse
  • Year Built: 1995
  • Road Surface Type: Paved
  • Unit Levels: Two
  • ResoPropertyType: ResidentialLease
  • Ratio CurrentPrice/TotalPropertyHLA: 1.58
  • Geocode Confidence: High
  • Attribution Contact: david@foxgroupproperties.com
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Entry Level: 1
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Breakfast Bar, Built-in Features, Garden Tub, Storage, Walk-In Closet(s)
  • Main Level Sq Ft: 591
  • Sq Ft Unheated Main: 11
  • Sq Ft Unheated Total: 11
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 605
  • Appliances: Dishwasher, Disposal, Electric Range, Microwave, Refrigerator, Washer/Dryer
  • Above Grade Finished Sq Ft: 1196
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Gas
  • Living Area: 1196
  • Bedroom Main: 0

Exterior Features

  • Exterior Features: Storage
  • Water Body Name: Lake Norman
  • Waterfront Features: Boat Ramp – Community, Boat Slip – Community, Paddlesport Launch Site - Community, Pier - Community
  • Patio And Porch Features: Covered, Rear Porch, Screened

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway
  • Assigned Spaces: 2

Utilities

  • Heating: Forced Air
  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s), Central Air
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Lake Access, Outdoor Pool, Picnic Area
  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 001-483-48
  • ResoLotSizeUnits: Acres
  • Zoning Specification: NR

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2018
Closed on
Jun 7, 2019
Sold by
Opendoor Property N Llc
Bought by
Downs Kristie L
Seller's Agent
Kristen Hutcheson
Opendoor Brokerage LLC
Buyer's Agent
Bob Ballard
Negotiable Realty
List Price
$208,000
Sold Price
$170,000
Premium/Discount to List
-$38,000
-18.27%
Current Estimated Value
$345,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,207
Avg. Annual Appreciation
11.78%
Original Mortgage
$144,500
Outstanding Balance
$127,051
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$218,156

Purchase Details

Closed on
Oct 30, 2018
Sold by
Griffin James L
Bought by
Opendoor Property N Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2005
Sold by
Dowdy David C and Dowdy Mimi H
Bought by
Griffin James L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,047
Interest Rate
5.57%
Mortgage Type
FHA
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
Downs Kristie L $170,000 None Available
Opendoor Property N Llc $193,500 None Available
Griffin James L $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Downs Kristie L $144,500
Previous Owner Opendoor Property N Llc $150,000,000
Previous Owner Griffin James L $118,047
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2023 12/01/23 Rented $1,895 0.0% --
11/10/2023 11/10/23 For Rent $1,895 0.0% --
06/19/2019 06/19/19 Sold $170,000 -5.6% $142 / Sq Ft View Prior Sale
05/14/2019 05/14/19 Pending -- -- --
05/09/2019 05/09/19 Price Changed $180,000 -2.7% $151 / Sq Ft
04/25/2019 04/25/19 Price Changed $185,000 -2.6% $155 / Sq Ft
04/04/2019 04/04/19 Price Changed $190,000 -2.6% $159 / Sq Ft
03/14/2019 03/14/19 Price Changed $195,000 -1.0% $163 / Sq Ft
02/21/2019 02/21/19 Price Changed $197,000 -1.5% $165 / Sq Ft
01/31/2019 01/31/19 Price Changed $200,000 -2.4% $167 / Sq Ft
01/10/2019 01/10/19 Price Changed $205,000 -0.5% $171 / Sq Ft
12/20/2018 12/20/18 Price Changed $206,000 -1.0% $172 / Sq Ft
11/26/2018 11/26/18 For Sale $208,000 -- $174 / 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 -- $292,100 $80,000 $212,100
2024 -- $292,100 $80,000 $212,100
2023 $1,726 $292,100 $80,000 $212,100
2022 $1,726 $205,800 $75,000 $130,800
2021 $1,766 $205,800 $75,000 $130,800
2020 $1,726 $205,800 $75,000 $130,800
2019 $1,760 $205,800 $75,000 $130,800
2018 $1,750 $159,800 $54,000 $105,800
2017 $1,735 $159,800 $54,000 $105,800
2016 $1,731 $159,800 $54,000 $105,800
2015 $1,704 $159,800 $54,000 $105,800
2014 $1,702 $159,800 $54,000 $105,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4086887

Canopy MLS (Canopy Realtor® Association)

APN: 001-483-48