NOT LISTED FOR SALE

20417 Island Forest Dr Cornelius, NC 28031

Estimated Value: $2,557,328 - $2,805,000

4 Beds
4.5 Baths
4,160 Sq Ft
$649/Sq Ft Est. Value

Sale Details

Date Sold: September 25, 2024

Last sale price $2,640,000 $635 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $17,011 / mo

2 Days on Market

Highlights

  • Pier
  • In Ground Pool
  • Open Floorplan
  • Bailey Middle School Rated A-
  • Waterfront
  • Transitional Architecture

About This Home

As of September 2024

Welcome to 20417 Island Forest. Poised near the southern tip of Lake Norman, this waterfront home displays majestic views that will take your breath away. Open and inviting interior spotlights elegant living spaces and maximizes the stunning views. Imagine curling up with a good book on the expansive screened porch, soaking up the sun by the state-of-the-art pool, or hanging out on the outdoor terrace. This home is perfect for entertaining. Invite your family and friends over for a delightful evening of grilling by the outdoor fireplace. Enjoy fishing from the dock or take a leisurely boat ride on Lake Norman. Built in 2008, this home feels brand new, boasting an amazing floor plan that includes over 2800 square feet on the main level and an additional 1200 square feet on the lower level. If you're looking for the convenience of one-level living, this home is for you!

Last Agent to Sell the Property

Anita Sabates

Howard Hanna Allen Tate Lake Norman Brokerage Email: anita.sabates@allentate.com License #148222 Listed on: 08/29/2024

Howard Hanna Allen Tate Lake Norman

Last Buyer's Agent

Joe Puma

Puma & Associates Realty, Inc. License #217818

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2008

Lot Details

  • Waterfront
  • Fenced
  • Irrigation
  • Property is zoned GR

Parking

  • 2 Car Attached Garage
  • Workshop in Garage
  • Circular Driveway

Home Design

  • Transitional Architecture
  • Stucco

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Central Vacuum
  • Wired For Data
  • Built-In Features
  • Ceiling Fan
  • Family Room with Fireplace
  • Great Room with Fireplace
  • Screened Porch
  • Water Views
  • Finished Basement
  • Walk-Out Basement
  • Home Security System
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Gas Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Outdoor Features

  • In Ground Pool
  • Pier
  • Outdoor Fireplace
  • Outdoor Kitchen
  • Terrace

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Island Forest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 001-114-34

Home Details

Home Type

Single Family

Year Built

Built in 2008

Lot Details

0.46 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Transitional
  • Year Built: 2008
  • Restrictions: Architectural Review,Deed,Subdivision
  • Road Surface Type: Concrete, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 634.62
  • Bedroom Lower: 1
  • Geocode Confidence: High
  • Attribution Contact: anita.sabates@allentate.com
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Breakfast Bar, Built-in Features, Cable Prewire, Central Vacuum, Open Floorplan, Split Bedroom, Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 1286
  • Main Level Sq Ft: 2874
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 700
  • Sq Ft Unheated Main: 654
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 1354
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator
  • Other Equipment: Network Ready
  • Above Grade Finished Sq Ft: 4160
  • Has Basement: Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Great Room, Outside
  • Living Area: 4160
  • Bedroom Main: 3

Exterior Features

  • Exterior Features: In-Ground Irrigation, Outdoor Kitchen
  • New Construction: No
  • Construction Type: Site Built
  • Fencing: Fenced
  • Pool Features: In Ground
  • View: Water
  • Water Body Name: Lake Norman
  • Waterfront Features: Dock, Pier
  • Construction Type: Hard Stucco
  • Patio And Porch Features: Screened, Terrace

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Circular Driveway, Driveway, Attached Garage, Garage Shop

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room, Main Level
  • Security: Security System
  • Cooling: Ceiling Fan(s), Central Air
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Bailey
  • HOA Subject To: Required

Lot Info

  • Lot Features: Waterfront
  • Lot Size Units: Acres
  • Parcel Number: 001-114-34
  • Zoning: GR
  • ResoLotSizeUnits: Acres
  • Zoning Specification: GR

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2024
Closed on
Sep 25, 2024
Sold by
Circle K Stores Inc
Bought by
Korpela Mark R and Korpela Elizabeth A
Seller's Agent
Anita Sabates
Howard Hanna Allen Tate Lake Norman
Buyer's Agent
Joe Puma
Puma & Associates Realty, Inc.
List Price
$2,395,000
Sold Price
$2,640,000
Premium/Discount to List
$245,000
10.23%
Views
29
Current Estimated Value
$2,699,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,332
Avg. Annual Appreciation
1.43%

Purchase Details

Closed on
Apr 2, 2020
Sold by
Caines Mark Stephen and Nordahl Ingrid E
Bought by
Circel K Stores Inc

Purchase Details

Closed on
May 24, 2012
Sold by
Rush Frank W and Rush Ellen Eller
Bought by
Caines Mark Stephen and Nordahl Ingrid E

Purchase Details

Closed on
Jun 25, 2009
Sold by
Rush Ellen Eller and Rush Frank W
Bought by
Rush Frank W and Rush Ellen Eller

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2002
Sold by
Eller Carl B and Eller Helen B
Bought by
Rush Ellen Eller
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
Korpela Mark R $2,640,000 None Listed On Document
Circel K Stores Inc $1,390,000 None Available
Caines Mark Stephen $950,000 None Available
Rush Frank W -- None Available
Rush Ellen Eller -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rush Frank W $725,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2024 09/25/24 Sold $2,640,000 +10.2% $635 / Sq Ft
08/29/2024 08/29/24 For Sale $2,395,000 0.0% $576 / Sq Ft
05/12/2017 05/12/17 Rented $5,000 0.0% --
05/05/2017 05/05/17 Under Contract -- -- --
04/28/2017 04/28/17 For Rent $5,000 -- --
Source: Canopy MLS

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 -- $1,938,500 $1,045,000 $893,500
2024 -- $1,938,500 $1,045,000 $893,500
2023 $12,571 $1,938,500 $1,045,000 $893,500
2022 $10,064 $1,180,900 $500,000 $680,900
2021 $9,946 $1,180,900 $500,000 $680,900
2020 $9,946 $1,180,900 $500,000 $680,900
2019 $9,940 $1,180,900 $500,000 $680,900
2018 $11,576 $1,071,100 $350,000 $721,100
2017 $11,492 $1,071,100 $350,000 $721,100
2016 $11,108 $1,035,500 $350,000 $685,500
2015 -- $1,035,500 $350,000 $685,500
2014 $10,947 $1,035,500 $350,000 $685,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS

MLS Number: 4176031

Canopy MLS

APN: 001-114-34

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