NOT LISTED FOR SALE

18920 Lakehouse Pointe Dr Cornelius, NC 28031

Estimated Value: $1,692,681 - $2,159,000

5 Beds
5 Baths
4,828 Sq Ft
$383/Sq Ft Est. Value

Last Sold August 17, 2018

Last sale price $740,000 $153 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $10,872/month

38 Days on Market

Highlights

  • Golf Course Community
  • Open Floorplan
  • Wooded Lot
  • Bailey Middle School Rated A-
  • Clubhouse
  • Transitional Architecture

About This Home

As of August 2018

Just in time for 4th of July festivities, with a boat slip just steps away, this lovely home in The Peninsula on Lake Norman features a newly renovated master bath with heated floors, new dark hardwoods, new paint, new roof and new HVAC systems. Nestled in a private park-like setting with mature trees, this five bedroom home boasts a gourmet kitchen with granite and center island, which opens to the great room with fireplace. Main floor library with built-ins as well as a full bath and office with closet which could be used as 6th bedroom. Basement features recreation room, entertainment area with bar, full wine room, media room and another bedroom. With a seasonal water view to boot…your guests will not go home! Subject to design approval, property has been approved for a pool by the HOA.

Last Agent to Sell the Property

Dixie Dean

Allen Tate Lake Norman License #211281 Listed on: 06/15/2018

Allen Tate Lake Norman

Co-Listed By

Christina Stone

Allen Tate Lake Norman License #300026

Last Buyer's Agent

Lyn Palmer

Terra Vista Realty License #267909

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1997

Lot Details

  • 0.62

HOA Fees

  • $102 Monthly HOA Fees

Parking

  • Attached Garage
  • Circular Driveway

Home Design

  • Transitional Architecture

Interior Spaces

  • Open Floorplan
  • Wet Bar
  • Tray Ceiling
  • Gas Log Fireplace
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 5 Full Bathrooms

Additional Features

  • Terrace
  • Wooded Lot
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 001-753-08

Community Details

Overview

  • Hawthorne Management Association, Phone Number (704) 337-0114

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 1997

Lot Details

0

HOA Fees

$102 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Transitional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.92616
  • Ratio Close Price By Original Li: 0.82314
  • Ratio Current Price By Acre: 1193548.39
  • Ratio Current Price By Sq Ft: 153.27
  • Year Built: 1997
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement
  • Upper Level Sq Ft: 1786
  • Full Bathrooms: 5
  • Total Bathrooms: 5.00
  • Total Bedrooms: 5
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Gas, Dishwasher, Disposal, Double Oven, Microwave, Security System
  • Fireplace Description: FAMILYRM, Gas Logs
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • H O A Management Phone: 7043370114
  • Interior Amenities: Built-Ins, Cable Available, Kitchen Island, Open Floorplan, Pantry, Tray Ceiling, Walk-In Closet(s), Wet Bar, Walk-In Pantry
  • Laundry Location: Upper
  • Room Count: 3
  • Sq Ft Basement: 1422
  • Main Level Sq Ft: 1620
  • Total Sq Ft: 4828
  • Sq Ft Unheated Basement: 244
  • Sq Ft Unheated Main: 540
  • Sq Ft Unheated Total: 784

Exterior Features

  • Construction: Hard Stucco
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, Terrace
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Circular, Concrete
  • Parking: Attached Garage, Garage - 2 Car, Side Load Garage

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Club House, Golf Course, Playground, Outdoor Pool, Street Lights, Tennis Court(s)
  • Association Fee: 612.00
  • Association Fee Frequency: Semi-Annually
  • HOA Management Company: Hawthorne Management
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Cornelius
  • Middle School: Bailey
  • High School: William Amos Hough

Lot Info

  • Lot Features: Lake Access, Wooded
  • Lot Size Area: 0.620
  • Parcel Number: 001-753-08
  • Zoning Specification: GR

Tax Info

  • Tax Value: 585700.00
  • Tax Location: Cornelius

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2021
Sold by
Russo Christopher Patrick and Russo Danielle Kristen
Bought by
Russo Christopher Patrick and Russo Danielle Kristen
Current Estimated Value
$1,850,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 2019
Sold by
Russo Christopher Patrick and Russo Danielle Kristen
Bought by
Russo Christopher Patrick and Russo Danielle Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.8%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jun 15, 2018
Closed on
Aug 16, 2018
Sold by
Samuel Javed K and Samuel Justin Charleen
Bought by
Russo Christopher Patrick and Russo Danielle Kristen
Seller's Agent
Dixie Dean
Allen Tate Lake Norman
Buyer's Agent
Lyn Palmer
Terra Vista Realty
List Price
$899,000
Sold Price
$740,000
Premium/Discount to List
-$159,000
-17.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.92%
Original Mortgage
$666,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2016
Sold by
Henry Billy and Henry Cathy
Bought by
Samnel Javed K and Justin Charlene O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,926
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2006
Sold by
Bell Don Antonio and Bell Amelia Fort
Bought by
Henry Billy and Henry Cathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac
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
Russo Christopher Patrick -- North Carolina Title Ctr Llc
Russo Christopher Patrick -- None Available
Russo Christopher Patrick $740,000 None Available
Samnel Javed K $740,000 None Available
Henry Billy $830,000 Bb&T
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russo Family Trust $450,000
Closed Russo Christopher Patrick $675,000
Closed Russo Christopher Patrick $60,000
Closed Russo Christopher $681,000
Closed Russo Christopher Patrick $666,000
Previous Owner Samnel Javed K $665,926
Previous Owner Henry Billy C $260,000
Previous Owner Henry Billy $650,000
Previous Owner Bell Don Antonio $100,000
Previous Owner Bell Don A $508,400
Previous Owner Bell Don A $552,000
Previous Owner Bell Don Antonio $103,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2018 08/17/18 Sold $740,000 -7.4% $153 / Sq Ft
07/23/2018 07/23/18 Pending -- -- --
07/07/2018 07/07/18 Price Changed $799,000 -11.1% $165 / Sq Ft
06/15/2018 06/15/18 For Sale $899,000 -- $186 / 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
2024 $8,263 $1,251,600 $300,000 $951,600
2023 $8,263 $1,251,600 $300,000 $951,600
2022 $6,603 $773,200 $215,000 $558,200
2021 $6,526 $773,200 $215,000 $558,200
2020 $6,526 $737,300 $215,000 $522,300
2019 $6,219 $737,300 $215,000 $522,300
2018 $6,682 $617,200 $175,000 $442,200
2017 $6,632 $617,200 $175,000 $442,200
2016 $6,291 $585,600 $175,000 $410,600
2015 $6,199 $585,600 $175,000 $410,600
2014 $6,197 $585,600 $175,000 $410,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3402775

Canopy MLS (Canopy Realtor® Association)

APN: 001-753-08