NOT LISTED FOR SALE

20255 River Chase Dr Unit 2 Cornelius, NC 28031

Estimated Value: $1,372,000 - $2,023,000

5 Beds
3.5 Baths
4,166 Sq Ft
$391/Sq Ft Est. Value

Last Sold March 29, 2022

Last sale price $1,322,020 $317 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $9,388/month

84 Days on Market

Highlights

  • New Construction
  • Open Floorplan
  • Mud Room
  • Bailey Middle School Rated A-
  • Wood Flooring
  • 4-minute walk to Walter Henderson Park

About This Home

As of March 2022

Rare Opportunity to build in Cornelius on flat-rectangular lot just shy of half acre with no HOA! Proposed 4,166 sqft Home Designed by Charles Frusterio and Presented by Lagniappe Builders. This luxury modern farmhouse perfectly captures the casual sophistication of this style and yet stands out amongst its peers. This forever home comprised of 5 Bedrooms, 3.5 Bathrooms, Covered Outdoor Living and 3 Car Garage, is ideal for almost any size family. Elegance and luxury abound with features including a Thermador Luxury Appliance Package with 48” Gas Range and a Massive Island that seats up to 10, stained beams in the Great Room and Dining Space, Custom iron railings, and a 4-Panel Multi-Slide Patio Door. The main level Master Suite is on par with any Luxury Hotel Suite. Additional spaces and features include Bonus Room, 2nd Laundry Room, Loft, First Floor Study, 10’ Ceilings, Drop Zone, and Custom Built Showers with Frameless Glass. Lot will accommodate a large pool PLUS open yard space!

Last Agent to Sell the Property

Janell Snevel

Premier Sotheby's International Realty License #302788 Listed on: 10/30/2021

Last Buyer's Agent

Non Member

Canopy Administration

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,836

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Lot Dimensions are 101x203x101x203
  • Level Lot
  • Irrigation
  • Zoning described as GR

Home Design

  • Proposed Property
  • Brick Exterior Construction
  • Slab Foundation
  • Metal Roof
  • Stone Siding

Interior Spaces

  • Open Floorplan
  • Built-In Features
  • Tray Ceiling
  • Ceiling Fan
  • Mud Room
  • Great Room with Fireplace

Kitchen

  • Breakfast Bar
  • Oven
  • Gas Range
  • Range Hood
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Parking

  • Attached Garage
  • Driveway

Outdoor Features

  • Patio

Schools

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

Utilities

  • Central Heating
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 001-441-79

Community Details

Overview

  • Built by Lagniappe Builders
  • Riverchase Subdivision

Security

  • Card or Code Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,836

Year Built

Built in 2022 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2022
  • Ratio Current Price By Acre: 2873956.52
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Proposed Completion Date: 2022-09-15
  • Road Surface Type: Concrete
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Breakfast Bar, Built Ins, Drop Zone, Kitchen Island, Open Floorplan, Tray Ceiling, Walk-In Closet(s), Walk-In Pantry
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2381
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1785
  • Porch: Back,Covered,Front,Patio
  • Appliances: Ceiling Fan(s), CO Detector, Dishwasher, Disposal, Electric Dryer Hookup, Exhaust Fan, Exhaust Hood, Gas Range, Plumbed For Ice Maker, Oven, Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Great Room
  • Living Area: 4166
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Exterior Features: In-Ground Irrigation
  • New Construction: Yes
  • Roof: Shingle, Metal
  • Construction Status: Proposed
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Brick Partial, Fiber Cement, Stone

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Attached Garage, Driveway, Garage - 3 Car, Keypad Entry

Utilities

  • Heating: Central, Gas Hot Air Furnace
  • Sewer: Public Sewer
  • Water Heater: g-On-Demand Water Heater
  • Laundry Features: Main Level, Upper Level
  • Water Source: Public

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

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

Lot Info

  • Lot Features: Level, Water View
  • Lot Size Area: 0.46
  • Lot Size Units: Acres
  • Parcel Number: 001-441-79
  • Lot Size: 101x203x101x203
  • Zoning Description: GR

Building Info

  • Builder Name: Lagniappe Builders

Tax Info

  • RATIO List Price By Tax Amount: 16.86250

Multi Family

  • Unit Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2023
Sold by
Coholan Terence and Coholan Janet
Bought by
Coholan Andrew and Coholan Allison
Current Estimated Value
$1,626,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,106,000
Outstanding Balance
$1,078,644
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$490,031

Purchase Details

Listed on
Oct 30, 2021
Closed on
Mar 28, 2022
Sold by
Lagniappe Builders Llc
Bought by
Coholan Terence and Coholan Andrew
Seller's Agent
Janell Snevel
Premier Sotheby's International Realty
Buyer's Agent
Non Member
Canopy Administration
List Price
$1,349,000
Sold Price
$1,322,020
Premium/Discount to List
-$26,980
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.32%
Original Mortgage
$81,055
Interest Rate
5%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 28, 2021
Sold by
Beatty David and Beatty Johnsie
Bought by
Lagniappe Builders Llc

Purchase Details

Closed on
Sep 14, 2006
Sold by
Hhs Development Group
Bought by
Beatty David
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
Coholan Andrew -- None Listed On Document
Coholan Terence $250,000 Sperry Law Firm Pc
Lagniappe Builders Llc $205,000 Investors Title Insurance Co
Beatty David $25,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coholan Andrew $1,106,000
Previous Owner Coholan Terence $81,055
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2022 03/29/22 Sold $1,322,020 -2.0% $317 / Sq Ft
01/24/2022 01/24/22 For Sale $1,349,000 0.0% $324 / Sq Ft
01/22/2022 01/22/22 Pending -- -- --
10/30/2021 10/30/21 For Sale $1,349,000 -- $324 / 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
2023 $4,836 $748,300 $238,000 $510,300
2022 $679 $80,000 $80,000 $0
2021 $671 $80,000 $80,000 $0
2020 $671 $80,000 $80,000 $0
2019 $671 $80,000 $80,000 $0
2018 $863 $80,000 $80,000 $0
2017 $857 $80,000 $80,000 $0
2016 $857 $80,000 $80,000 $0
2015 $845 $80,000 $80,000 $0
2014 $845 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3801409

Canopy MLS (Canopy Realtor® Association)

APN: 001-441-79