NOT LISTED FOR SALE

20200 Teak Ct Unit 9 Cornelius, NC 28031

Estimated Value: $1,367,000 - $1,781,627

0.35 Acre
$4,559,734 Price per Acre
15,246 Sq Ft Lot

Last Sold March 29, 2012

Last sale price $300,000

Est. 432% increase in value since last sale

Current estimated payment $9,285/month

394 Days on Market

Highlights

  • Access To Lake
  • Gated Community
  • Community Lake
  • Bailey Middle School Rated A-
  • Waterfront

About This Lot

As of March 2012

Premier, gated waterfront community on secluded peninsula that juts out into the wide, deep & clear waters of Lake Norman. The sights & sounds of nature abound in this small "hidden gem" of a neighborhood; unique to Cornelius. Boat slip included!

Last Agent to Sell the Property

Gretel Howell

Howard Hanna Allen Tate Lake Norman License #252117 Listed on: 02/01/2011

Howard Hanna Allen Tate Lake Norman

Last Buyer's Agent

Gretel Howell

Howard Hanna Allen Tate Lake Norman License #252117 Listed on: 02/01/2011

Howard Hanna Allen Tate Lake Norman

Property Details

Property Type

  • Land

Lot Details

HOA Fees

  • $121 Monthly HOA Fees

Additional Features

  • Waterfront
  • Crawl Space

Listing and Financial Details

  • Assessor Parcel Number 001-491-50

Community Details

Overview

  • Pointe Regatta HOA, Phone Number (704) 451-5060
  • Community Lake

Security

  • Gated Community

Recreation

  • Access To Lake

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$121 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.92308
  • Ratio Close Price By Original Li: 0.92308
  • Ratio Current Price By Acre: 857142.86
  • Restrictions: Manufactured Home Not Allowed, Modular Not Allowed, Architectural Review, Square Feet
  • Foundation Details Proposed: Crawl Space
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • H O A Management Phone: 704-451-5060

Exterior Features

  • Exterior Features: Boat Slip

Utilities

  • Sewer: City Sewer
  • Water: City Water

Condo/Co-op/Association

  • Community Features: Gated Community, Lake, Lake Access
  • Association Fee: 121.00
  • Association Fee Frequency: Monthly
  • HOA Management Company: Pointe Regatta HOA
  • HOA Subject to Dues YN: Yes

Schools

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

Lot Info

  • Lot Dimension: 233WFx130WFx92x49x114
  • Lot Features: Waterfront, Water view
  • Lot Size Area: 0.350
  • Lot Size Units: Acres
  • Parcel Number: 001-491-50
  • Zoning Specification: SFR
  • Plat Book Slide: 22
  • Plat Reference Section Pages: 316

Tax Info

  • Tax Value: 420000.00
  • Tax Location: Cornelius

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2011
Closed on
Mar 28, 2012
Sold by
K & W Cafeterias Inc
Bought by
Mennella Frank and Mennella Carla J
Seller's Agent
Gretel Howell
Howard Hanna Allen Tate Lake Norman
Buyer's Agent
Gretel Howell
Howard Hanna Allen Tate Lake Norman
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%
Current Estimated Value
$1,595,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,295,907
Avg. Annual Appreciation
13.19%
Original Mortgage
$225,000
Interest Rate
3.89%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 28, 1992
Bought by
K&W Cafeterias Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mennella Frank $300,000 Investors Title Insurance Co
K&W Cafeterias Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mennella Frank $315,000
Closed Mennella Frank $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2012 03/29/12 Sold $300,000 -7.7% --
03/01/2012 03/01/12 Pending -- -- --
02/01/2011 02/01/11 For Sale $325,000 -- --
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 $8,837 $1,339,200 $675,000 $664,200
2024 $8,837 $1,339,200 $675,000 $664,200
2023 $8,698 $1,339,200 $675,000 $664,200
2022 $7,057 $826,600 $450,000 $376,600
2021 $6,974 $826,600 $450,000 $376,600
2020 $6,974 $826,600 $450,000 $376,600
2019 $6,968 $826,600 $450,000 $376,600
2018 $7,230 $668,000 $332,500 $335,500
2017 $7,176 $668,000 $332,500 $335,500
2016 $7,173 $668,000 $332,500 $335,500
2015 -- $668,000 $332,500 $335,500
2014 $7,067 $475,000 $332,500 $142,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR997777

Canopy MLS (Canopy Realtor® Association)

APN: 001-491-50