NOT LISTED FOR SALE

20211 Rainbow Cir Cornelius, NC 28031

Estimated Value: $2,306,000 - $2,931,000

4 Beds
5.5 Baths
5,005 Sq Ft
$518/Sq Ft Est. Value

Last Sold January 31, 2020

Last sale price $1,490,000 $298 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $14,392/month

96 Days on Market

Highlights

  • Beach Front
  • In Ground Pool
  • Community Lake
  • Bailey Middle School Rated A-
  • Open Floorplan
  • Cathedral Ceiling

About This Home

As of January 2020

If you want a waterfront "WOW" house this is the one! Enjoy the sunset views on your 700+ sq ft covered patio.. private beach...covered dock...swimming pool...hot tub...kitchen sink...or maybe just your Living room - Dock w/2 slips+jet ski parking - 200 ft of water frontage - Chef's kitchen w/subzero fridge/freezer, Thermador stove, 3 ovens, 2 dishwashers & 18' Florida heated tiles - Owners suite w/water view, fireplace, sauna 3 headed shower, jetted tub & heated travertine floors - Bonus room w/bar & custom built-in's to watch 3 games simultaneously - 50 lbs clear cube ice machine - 10 foot ceilings & 23 foot coffered ceilings in LR - Open floorplan that capitalizes your water views - All bedrooms w/private bath access - Oversize 3 car garage - Heated Salt water pool w/retractable cover - Hot tub - Office w/fireplace & glass doors - Butler's & walk in pantry - Whole house stereo - Outdoor lighting - Front/Back staircases - Sealed crawl space - Walk to shopping, dining & entertainment

Last Agent to Sell the Property

Wendy Dickinson

Coldwell Banker Realty License #198116 Listed on: 08/30/2019

Coldwell Banker Realty

Co-Listed By

Samuel Grogan

Coldwell Banker Realty License #190359

Last Buyer's Agent

Wendy Dickinson

Coldwell Banker Realty License #198116 Listed on: 08/30/2019

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1998

Lot Details

  • Lot Dimensions are 82 x 281 x 200 x 206
  • Beach Front
  • Open Lot

Parking

  • Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1.5-Story Property
  • Open Floorplan
  • Wet Bar
  • Tray Ceiling
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Den with Fireplace
  • Crawl Space
  • Attic

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Kitchen Island

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet
  • Garden Bath

Pool

  • In Ground Pool
  • Spa

Utilities

  • Cable TV Available

Community Details

  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 001-701-30

Home Details

Home Type

Single Family

Year Built

Built in 1998

Lot Details

0.65 Acres

Parking

3

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.93125
  • Ratio Close Price By Original Li: 0.90303
  • Ratio Current Price By Acre: 2292307.69
  • Ratio Current Price By Sq Ft: 297.70
  • Year Built: 1998
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space, g-Sealed Crawl Space
  • Upper Level Sq Ft: 2405
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6.00
  • Total Bedrooms: 4
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Gas, Dishwasher, Disposal
  • Fireplace Description: Den, Gas Logs, Great Room, Primary Bedroom
  • Fireplace: Yes
  • Interior Amenities: Attic Walk-in, Breakfast Bar, Built-Ins, Cable Available, Cathedral Ceiling(s), Garden Tub, Hot Tub, Kitchen Island, Open Floorplan, Pantry, Split BR Plan, Tray Ceiling, Vaulted Ceiling, Walk-In Closet(s), Walk-In Pantry, Wet Bar
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Main Level Sq Ft: 2600
  • Total Sq Ft: 5005
  • Sq Ft Unheated Main: 876
  • Sq Ft Unheated Total: 876

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, Pool-In-Ground

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 3 Car, Garage Door Opener, Keypad Entry, 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: Lake

Lot Info

  • Lot Dimension: 82 x 281 x 200 x 206
  • Lot Features: Beachfront, Lake Access, Open Lot, Lake, Views, Water view, Waterfront, Year Round View
  • Parcel Number: 001-701-30
  • Zoning Specification: GR

Tax Info

  • Tax Value: 1354700.00
  • Tax Location: Cornelius

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2019
Closed on
Jan 30, 2020
Sold by
Heck Frederick J and Heck Diane H
Bought by
Garcia Gabriel Gary and Garcia Janice Marie
Seller's Agent
Wendy Dickinson
Coldwell Banker Realty
Buyer's Agent
Wendy Dickinson
Coldwell Banker Realty
List Price
$1,650,000
Sold Price
$1,490,000
Premium/Discount to List
-$160,000
-9.7%
Current Estimated Value
$2,592,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,102,986
Avg. Annual Appreciation
9.49%
Original Mortgage
$750,000
Outstanding Balance
$652,859
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$1,940,127

Purchase Details

Closed on
Aug 18, 2013
Sold by
Heck Frederick J and Heck Diane H
Bought by
Heck Frederick J and Heck Diane H

Purchase Details

Closed on
Jul 24, 2009
Sold by
Derkacht Gregory D and Derkacht Jacqueline M
Bought by
Heck Frederick and Heck Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$804,500
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 2004
Sold by
Baffoni Neil A and Baffoni Lisa A
Bought by
Derkacht Gregory D and Derkacht Jacqueline M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$819,300
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 1997
Sold by
Jensen Mark A and Jensen Mary E
Bought by
Baffoni Neil A and Baffoni Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
7.07%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Garcia Gabriel Gary $1,490,000 None Available
Heck Frederick J -- None Available
Heck Frederick $1,258,000 Title Company North Carolina
Derkacht Gregory D $1,092,500 --
Baffoni Neil A $173,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Gabriel Gary $750,000
Previous Owner Heck Frederick $804,500
Previous Owner Derkacht Gregory D $819,300
Previous Owner Baffoni Neil A $133,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2020 01/31/20 Sold $1,490,000 -6.9% $298 / Sq Ft
12/04/2019 12/04/19 Pending -- -- --
11/13/2019 11/13/19 Price Changed $1,600,000 -3.0% $320 / Sq Ft
08/30/2019 08/30/19 For Sale $1,650,000 -- $330 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $12,569 $1,907,900 $1,000,000 $907,900
2024 $12,569 $1,907,900 $1,000,000 $907,900
2023 $12,373 $1,907,900 $1,000,000 $907,900
2022 $11,540 $1,354,700 $650,000 $704,700
2021 $11,365 $1,354,700 $650,000 $704,700
2020 $11,404 $1,354,700 $650,000 $704,700
2019 $11,398 $1,354,700 $650,000 $704,700
2018 $13,287 $1,229,800 $630,000 $599,800
2017 $13,191 $1,229,800 $630,000 $599,800
2016 $13,188 $1,229,800 $630,000 $599,800
2015 $13,000 $1,229,800 $630,000 $599,800
2014 $12,998 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wendy Dickinson

    Seller's Agent in 2020

    Wendy Dickinson

    Coldwell Banker Realty

    (704) 236-2739

    4 in this area

    379 Total Sales

    Wendy Dickinson
    Section Image
  • Samuel Grogan

    Seller Co-Listing Agent in 2020

    Samuel Grogan

    Coldwell Banker Realty

    (704) 564-0220

    3 in this area

    308 Total Sales

    Samuel Grogan
    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3545433

Canopy MLS (Canopy Realtor® Association)

APN: 001-701-30

North Carolina Mecklenburg County Cornelius 28031

20211 Rainbow Cir, Cornelius, NC

Not Listed for Sale

Detached

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Canopy MLS (Canopy Realtor® Association) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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