Seller's Agent in 2018
Michelle Ivester-Rhyne
Premier Sotheby's International Realty
(704) 622-0626
109 Total Sales
19807 Bustle Rd Cornelius, NC 28031
Estimated Value: $1,805,000 - $2,253,000
5
Beds
4.5
Baths
2,535
Sq Ft
$823/Sq Ft
Est. Value
Highlights
- Waterfront
- Open Floorplan
- Deck
- Bailey Middle School Rated A-
- Community Lake
- Transitional Architecture
About This Home
As of August 2018Beautifully updated Waterfront Custom Built Home in very sought after area of Lake Norman. An open floor plan features pine floors throughout main level. Ceiling in Main living areas feature pine paneling. In the center of the family room, a stacked stone fireplace is featured along with a Heart Pine mantle. Trex Deck with electric retractable awning and dual stairs. Spacious Master Bed and Bath on main floor with four additional bedrooms and three-and-a-half baths. Large unfinished space on upper level could be a large bonus or 2nd Master. Boat launch on lot. A dock has been approved and is being built.
Last Agent to Sell the Property
Premier Sotheby's International Realty License #274051 Listed on: 05/11/2018
Last Buyer's Agent
Premier Sotheby's International Realty License #274051 Listed on: 05/11/2018
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,223
Year Built
- Built in 2005
Lot Details
- Waterfront
- Level Lot
- Irrigation
- Zoning described as GR
Parking
- 1 to 5 Parking Spaces
Home Design
- Transitional Architecture
- Hardboard
Interior Spaces
- Open Floorplan
- Sound System
- Ceiling Fan
- Family Room with Fireplace
- Crawl Space
- Pull Down Stairs to Attic
- Laundry Room
Kitchen
- Electric Cooktop
- Warming Drawer
- Plumbed For Ice Maker
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
Outdoor Features
- Deck
Schools
- William Amos Hough High School
Utilities
- Natural Gas Connected
- Natural Gas Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 001-085-12
Community Details
Overview
- Diane Shores Subdivision
- Community Lake
Recreation
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 11, 2018
Closed on
Aug 15, 2018
Sold by
Morrison Hugh H and Morrison Mary Margaret R
Bought by
Need Edward A and Need Linda S
Seller's Agent
Michelle Ivester-Rhyne
Premier Sotheby's International Realty
Buyer's Agent
Michelle Ivester-Rhyne
Premier Sotheby's International Realty
List Price
$975,000
Sold Price
$775,000
Premium/Discount to List
-$200,000
-20.51%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,310,521
Avg. Annual Appreciation
14.83%
Original Mortgage
$620,000
Outstanding Balance
$526,031
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,559,490
Purchase Details
Closed on
Feb 4, 1985
Bought by
Morrison Hugh H
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Need Edward A | $775,000 | None Available | |
| Morrison Hugh H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Need Edward A | $620,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/17/2018 08/17/18 | Sold | $775,000 | -20.5% | $306 / Sq Ft |
| 07/16/2018 07/16/18 | Pending | -- | -- | -- |
| 05/11/2018 05/11/18 | For Sale | $975,000 | -- | $385 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $11,223 | $1,702,800 | $1,170,000 | $532,800 |
| 2024 | $11,223 | $1,702,800 | $1,170,000 | $532,800 |
| 2023 | $11,048 | $1,702,800 | $1,170,000 | $532,800 |
| 2022 | $8,835 | $1,036,100 | $680,000 | $356,100 |
| 2021 | $8,731 | $1,036,100 | $680,000 | $356,100 |
| 2020 | $8,731 | $843,400 | $680,000 | $163,400 |
| 2019 | $7,109 | $969,500 | $680,000 | $289,500 |
| 2018 | $5,964 | $550,600 | $350,000 | $200,600 |
| 2017 | $5,919 | $550,600 | $350,000 | $200,600 |
| 2016 | $5,916 | $550,600 | $350,000 | $200,600 |
| 2015 | -- | $550,600 | $350,000 | $200,600 |
| 2014 | $5,828 | $550,600 | $350,000 | $200,600 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle Ivester-Rhyne
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 3390766
APN: 001-085-12
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