NOT LISTED FOR SALE

18853 Silver Quay Dr Unit 8 Cornelius, NC 28031

Estimated Value: $366,945 - $432,000

3 Beds
2.5 Baths
1,356 Sq Ft
$291/Sq Ft Est. Value

Last Sold March 09, 2022

Last sale price $334,000 $246 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,477/month

2 Days on Market

Highlights

  • Assigned Boat Slip
  • Pier or Dock
  • Community Lake
  • Bailey Middle School Rated A-
  • Open Floorplan
  • Screened Porch

About This Home

As of March 2022

Incredible townhome with modern updates in quaint Lake Norman waterfront community with LAKE ACCESS. This 3 bedroom, 2.5 bath unit features a 2-sided fireplace that opens to the kitchen with SS appliances, granite, and an oversized under-mount sink. Enjoy the peaceful setting on the screened-in porch and patio right off of the kitchen. The master suite has a vaulted ceiling and a private bath with a large garden tub. Recent updates include a new water heater, updated bathrooms, carpet and flooring, fresh paint, lighting, and custom closets. Quick walk to the Lake-side private pool, tennis courts, 11 slip marina, boat launch, and day dock perfect for Paddleboard and Kayak. In the heart of Cornelius, this home is convenient to Birkdale/I-77, Dining, and Entertainment. HVAC 2016, roof 2013.

Last Agent to Sell the Property

Molly Zostant

ProStead Realty License #238823 Listed on: 02/01/2022

ProStead Realty

Co-Listed By

Wendy Noonan

ProStead Realty License #264870

Last Buyer's Agent

Kyle Kyker

Real Broker, LLC License #311808

Real Broker, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,117

Year Built

  • Built in 1994

Lot Details

  • Lot Dimensions are 20x59x20x58

HOA Fees

  • $235 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Entry on the 2nd floor
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • See Through Fireplace
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Screened Porch
  • Home Security System

Kitchen

  • Electric Oven
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Concrete
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Outdoor Features

  • Assigned Boat Slip
  • Patio

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 001-483-59

Community Details

Overview

  • Mainstreet Management Association, Phone Number (704) 255-1266
  • Silver Quay Condos
  • Silver Quay Subdivision
  • Mandatory home owners association
  • Community Lake

Recreation

  • Pier or Dock
  • Tennis Courts
  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,117

Year Built

Built in 1994

Lot Details

0

HOA Fees

$235 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 1994
  • Ratio Current Price By Acre: 11133333.33
  • Restrictions: Other - See Media/Remarks
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Unit Floor Level: 2
  • Restrictions Description: CCR's in Media
  • Road Surface Type: Asphalt
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Concrete, Vinyl
  • Interior Amenities: Built Ins, Open Floorplan, Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 88
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 690
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 90
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 90
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 690
  • Porch: Back,Covered,Patio,Screened
  • Appliances: Cable Prewire, Ceiling Fan(s), Dishwasher, Disposal, Electric Oven, Electric Dryer Hookup, Plumbed For Ice Maker, Microwave, Security System
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Living Room, See Through
  • Full Bathrooms: 0
  • Total Bedrooms: 0
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Tax Location: Cornelius
  • Construction Type: Site Built
  • Water Body Name: Lake Norman
  • Waterfront Features: Boat Ramp – Community, Boat Slip (Lease/License), Boat Slip – Community, Paddlesport Launch Site - Community, Pier - Community
  • Construction Type: Fiber Cement, Wood Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Assigned

Utilities

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

Condo/Co-op/Association

  • Community Features: Lake, Outdoor Pool, Sidewalks, Tennis Court(s)
  • Association Fee: 235
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Silver Quay
  • Association Name: Mainstreet Management
  • Phone: 704-255-1266
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Middle Or Junior School: Bailey
  • HOA Subject To: Required
  • HOA Email: jennifer@mainstreetmanagers.com

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 001-483-59
  • Land Included Yn: 1
  • Lot Size: 20x59x20x58
  • Zoning Description: NR

Tax Info

  • RATIO List Price By Tax Amount: 1.45871

Multi Family

  • Unit 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
Feb 1, 2022
Closed on
Mar 3, 2022
Sold by
James Dawn L
Bought by
Mccuilin Francis M and Mccullin Peggy Shifflett
Seller's Agent
Molly Zostant
ProStead Realty
Buyer's Agent
Kyle Kyker
Real Broker, LLC
List Price
$325,000
Sold Price
$334,000
Premium/Discount to List
$9,000
2.77%
Current Estimated Value
$393,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,986
Avg. Annual Appreciation
4.64%
Original Mortgage
$267,200
Outstanding Balance
$249,651
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$144,335

Purchase Details

Closed on
Feb 8, 2019
Sold by
James Robert H
Bought by
James Dawn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 4, 2017
Closed on
Sep 5, 2017
Sold by
Anastasi Nicole
Bought by
James Robert H and James Dawn L
Seller's Agent
Colleen Ludington
Ivester Jackson Christie's
Buyer's Agent
Wendy Noonan
ProStead Realty
List Price
$244,000
Sold Price
$225,000
Premium/Discount to List
-$19,000
-7.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.12%
Original Mortgage
$202,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2007
Sold by
Murray Brian and Foster Garrett
Bought by
Anastasi Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,803
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 25, 2007
Sold by
Slocum Derek K and Slocum Sarah Nicole
Bought by
Murray Brian and Foster Garrett
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
Mccuilin Francis M $334,000 Clements John
Mccuilin Francis M $334,000 Clements John
James Dawn L -- None Available
James Robert H $225,000 None Available
Anastasi Nicole $170,000 None Available
Murray Brian $150,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccuilin Francis M $267,200
Closed Mccuilin Francis M $267,200
Previous Owner James Dawn L $200,000
Previous Owner James Robert H $202,500
Previous Owner Anastasi Nicole $164,803
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/09/2022 03/09/22 Sold $334,000 +2.8% $246 / Sq Ft
02/03/2022 02/03/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $325,000 +44.4% $240 / Sq Ft
09/05/2017 09/05/17 Sold $225,000 -7.8% $163 / Sq Ft View Prior Sale
08/08/2017 08/08/17 Pending -- -- --
05/04/2017 05/04/17 For Sale $244,000 -- $177 / 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 $2,117 $315,100 $80,000 $235,100
2024 $2,117 $315,100 $80,000 $235,100
2023 $2,081 $315,100 $80,000 $235,100
2022 $1,931 $222,800 $75,000 $147,800
2021 $1,909 $222,800 $75,000 $147,800
2020 $1,909 $222,800 $75,000 $147,800
2019 $1,903 $222,800 $75,000 $147,800
2018 $1,880 $171,800 $54,000 $117,800
2017 $1,863 $171,800 $54,000 $117,800
2016 $1,860 $171,800 $54,000 $117,800
2015 $1,831 $171,800 $54,000 $117,800
2014 $1,829 $171,800 $54,000 $117,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3823905

Canopy MLS (Canopy Realtor® Association)

APN: 001-483-59