NOT LISTED FOR SALE

18824 Nautical Dr Unit 31 Cornelius, NC 28031

Estimated Value: $356,322 - $395,000

2 Beds
2 Baths
1,092 Sq Ft
$272/mo HOA Fee

Last Sold October 30, 2023

Last sale price $370,000 $339 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,429/month

76 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 October 2023

Escape to one level living in the popular Admiral's Quarters community on Lake Norman! This gorgeous turn-key ground floor unit is situated in the Schooner Bay section of the community with oversized patios and plenty of parking. Recently updated in the past few years with luxury vinyl planking throughout, stainless steel appliances, granite countertops, white cabinetry, 2" faux wood blinds, and neutral paint throughout. New water heater in storage room. This unit overlooks the community pool and pond vs direct Lake Norman waterfront views. Community offers 2 private beaches, tennis courts, playground, clubhouse with fitness center, kayak launch area, and RV storage. Close proxmity to Birkdale Village, multiple marinas/boat clubs, restaurants, schools, shops, and minutes to 77. Follow the shoreline in either direction to enjoy dinner at Port City Club or visit Morningstar Marina. HOA covers water, sewer, and trash. No Airbnb short term rentals allowed.

Last Agent to Sell the Property

Amy Fraser

Cottage Real Estate License #280102 Listed on: 07/14/2023

Co-Listed By

Marty Briggs

Cottage Real Estate License #279606

Last Buyer's Agent

Carrie Charles

EXP Realty LLC Mooresville License #337196

EXP Realty LLC Mooresville

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,051

Year Built

  • Built in 1999

Lot Details

  • 4.16

HOA Fees

  • $272 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Stucco

Interior Spaces

  • 1,092 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Gas Fireplace
  • Sliding Doors
  • Living Room with Fireplace
  • Storage
  • Laundry Room

Kitchen

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

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Garden Bath

Home Security

Outdoor Features

  • Access To Lake
  • Pond
  • Covered Patio or Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 001-489-31

Community Details

Overview

  • Csi Community Management Association, Phone Number (704) 659-3366
  • Admirals Quarters Subdivision
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

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

Security

  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,051

Year Built

Built in 1999

Lot Details

0

HOA Fees

$272 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1999
  • Restrictions: Architectural Review,Building
  • Special Assessment Yn: 1
  • Proposed Special Assessment Yn: 1
  • Special Assessment Description: $3749 Improvements, paid by seller at closing
  • Proposed Special Assessment Desc: 5th Amendment Proposal
  • Road Surface Type: Asphalt
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 338.83
  • Geocode Confidence: High
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Slab
  • Entry Level: 1
  • Fireplace: Yes
  • Flooring: Tile, Vinyl
  • Interior Amenities: Breakfast Bar, Cable Prewire, Garden Tub, Open Floorplan, Pantry, Split Bedroom, Storage, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1092
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Electric Range, Exhaust Fan, Microwave, Refrigerator
  • Above Grade Finished Sq Ft: 1092
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Fireplace Features: Gas Unvented, Living Room
  • Living Area: 1092
  • Bedroom Main: 2

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Water Body Name: Lake Norman
  • Waterfront Features: Beach - Public, Paddlesport Launch Site - Community
  • Construction Type: Fiber Cement, Hard Stucco
  • Patio And Porch Features: Covered, Patio

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Parking Lot

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room
  • Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air
  • Utilities: Cable Available
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Lake Access, Outdoor Pool, Playground, Pond, RV/Boat Storage, Tennis Court(s)
  • Association Fee: 272
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: CSI Community Management
  • Phone: 704-659-3366
  • ResoAssociationFeeFrequency: Monthly
  • Association Email: noah@csicommunities.com

Association/Amenities

  • Association Annual Expense: 3264.00

Schools

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

Lot Info

  • Parcel Number: 001-489-31
  • Zoning: NR
  • Land Included Yn: 0
  • Development Status: Completed
  • Zoning Specification: NR

Rental Info

  • Pets Allowed: Conditional

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2023
Closed on
Oct 30, 2023
Sold by
Schmidt Thomas and Schmidt Shuchang
Bought by
Cohn Duck Michaei
Seller's Agent
Amy Fraser
Cottage Real Estate
Buyer's Agent
Carrie Charles
EXP Realty LLC Mooresville
List Price
$394,000
Sold Price
$370,000
Premium/Discount to List
-$24,000
-6.09%
Views
780
Current Estimated Value
$376,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,831
Avg. Annual Appreciation
0.90%

Purchase Details

Listed on
Jun 28, 2021
Closed on
Jul 28, 2021
Sold by
Gibson Thomas D and Gibson Rita R
Bought by
Sun Shuchang and Schmidt Thomas
Seller's Agent
Debi Gallo
Southern Homes of the Carolinas, Inc
Buyer's Agent
Marty Briggs
Cottage Real Estate
List Price
$279,900
Sold Price
$290,000
Premium/Discount to List
$10,100
3.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.38%
Original Mortgage
$246,500
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2010
Sold by
Watrous Henry and Watrous Deborah
Bought by
Gibson Thomas D and Gibson Rita R

Purchase Details

Closed on
Jul 26, 2003
Sold by
Cabbell Zina R
Bought by
Watrous Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,700
Interest Rate
5.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 2000
Sold by
Kennerly Development At Schooner Bay Llc
Bought by
Cabbell Zina R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
8.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cohn Duck Michaei $370,000 Bridgetrust Title
Sun Shuchang $290,000 Bridgetrust Title Group
Gibson Thomas D $139,000 None Available
Watrous Henry $122,500 --
Cabbell Zina R $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sun Shuchang $246,500
Previous Owner Watrous Henry $103,700
Previous Owner Cabbell Zina R $79,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2023 10/30/23 Sold $370,000 -5.1% $339 / Sq Ft
08/31/2023 08/31/23 Price Changed $389,900 -1.0% $357 / Sq Ft
07/14/2023 07/14/23 For Sale $394,000 +35.9% $361 / Sq Ft
07/28/2021 07/28/21 Sold $290,000 +3.6% $268 / Sq Ft View Prior Sale
06/28/2021 06/28/21 Pending -- -- --
06/28/2021 06/28/21 For Sale $279,900 0.0% $259 / Sq Ft
02/09/2016 02/09/16 Rented $1,075 0.0% --
02/07/2016 02/07/16 Under Contract -- -- --
12/17/2015 12/17/15 For Rent $1,075 -- --
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 $2,051 $304,978 -- $304,978
2024 $2,051 $304,978 -- $304,978
2023 $2,015 $304,978 $0 $304,978
2022 $1,646 $189,300 $0 $189,300
2021 $1,628 $189,300 $0 $189,300
2020 $1,628 $189,300 $0 $189,300
2019 $1,622 $189,300 $0 $189,300
2018 $1,499 $136,500 $42,500 $94,000
2017 $1,486 $136,500 $42,500 $94,000
2016 $1,482 $136,500 $42,500 $94,000
2015 $1,458 $136,500 $42,500 $94,000
2014 $1,456 $136,500 $42,500 $94,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4048078

Canopy MLS (Canopy Realtor® Association)

APN: 001-489-31