NOT LISTED FOR SALE

20016 Mulberry St Cornelius, NC 28031

Estimated Value: $328,000 - $439,000

2 Beds
1 Bath
1,388 Sq Ft
$262/Sq Ft Est. Value

Last Sold September 28, 2023

Last sale price $270,000 $195 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,082/month

3 Days on Market

Highlights

  • Living Room with Fireplace
  • Rear Porch
  • 1-Story Property
  • Bailey Middle School Rated A-
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of September 2023

MULTIPLE OFFERS received. Please submit all offers by 3pm on Sunday, 8/27. This 1926 vintage home holds immense potential for investors looking to capitalize on the charm of yesteryears while creating a modern masterpiece. With its prime address and rich history in Old Town Cornelius, this property promises an exceptional return on investment for those with a keen eye for potential.

The backyard provides a canvas for landscaping enthusiasts to create an inviting outdoor oasis. Imagine a charming garden, cozy seating area or party space.

Savvy investors will recognize the potential of this property. Whether you're looking to renovate and resell, create a rental income stream, or reimagine it as a unique living space, the possibilities are vast.

Washer/dryer and refrigerator convey!

Last Agent to Sell the Property

Jen Huskey

Coldwell Banker Realty License #314205 Listed on: 08/24/2023

Coldwell Banker Realty

Last Buyer's Agent

Angela Yates

Keller Williams Lake Norman License #310379

Keller Williams Lake Norman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,122

Year Built

  • Built in 1926

Lot Details

  • 9,583

Parking

  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,388 Sq Ft Home
  • 1-Story Property
  • Self Contained Fireplace Unit Or Insert
  • Living Room with Fireplace
  • Crawl Space

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer

Schools

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

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Rear Porch
  • Property is zoned NR

Listing and Financial Details

  • Assessor Parcel Number 003-177-08

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,122

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1926
  • Road Surface Type: Gravel
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 194.52
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1388
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Gas Water Heater, Refrigerator
  • Above Grade Finished Sq Ft: 1388
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Insert, Living Room
  • Living Area: 1388
  • Bedroom Main: 2
  • Room Count: 7

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Vinyl
  • Patio And Porch Features: Rear Porch

Garage/Parking

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

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: In Kitchen
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Bailey
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.22
  • Lot Size Units: Acres
  • Parcel Number: 003-177-08
  • Zoning: NR
  • ResoLotSizeUnits: Acres
  • Zoning Specification: NR

Green Features

  • Green Verification Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2023
Closed on
Sep 28, 2023
Sold by
Ray Sharon Kimberly and Ray John
Bought by
Keith Chadwick Allen and Keith Kimberly
Seller's Agent
Jen Huskey
Coldwell Banker Realty
Buyer's Agent
Angela Yates
Keller Williams Lake Norman
List Price
$250,000
Sold Price
$270,000
Premium/Discount to List
$20,000
8%
Views
27
Current Estimated Value
$363,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,180
Avg. Annual Appreciation
15.32%
Original Mortgage
$189,000
Outstanding Balance
$185,262
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$177,918

Purchase Details

Closed on
Mar 28, 1990
Bought by
Ray Sharon Kimberly
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
Keith Chadwick Allen $270,000 None Listed On Document
Ray Sharon Kimberly $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keith Chadwick Allen $189,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2023 09/28/23 Sold $270,000 +8.0% $195 / Sq Ft
08/24/2023 08/24/23 For Sale $250,000 0.0% $180 / Sq Ft
02/18/2013 02/18/13 Rented $800 0.0% --
02/18/2013 02/18/13 For Rent $800 0.0% --
09/27/2012 09/27/12 Rented $800 0.0% --
08/28/2012 08/28/12 Under Contract -- -- --
06/27/2012 06/27/12 For Rent $800 -- --
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 $2,122 $315,800 $174,600 $141,200
2024 $2,122 $315,800 $174,600 $141,200
2023 $1,361 $315,800 $174,600 $141,200
2022 $1,361 $162,200 $85,000 $77,200
2021 $1,361 $162,200 $85,000 $77,200
2020 $1,400 $162,200 $85,000 $77,200
2019 $1,394 $162,200 $85,000 $77,200
2018 $1,013 $91,400 $33,300 $58,100
2017 $1,003 $91,400 $33,300 $58,100
2016 $999 $91,400 $33,300 $58,100
2015 $982 $91,400 $33,300 $58,100
2014 $1,130 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4062409

Canopy MLS (Canopy Realtor® Association)

APN: 003-177-08