NOT LISTED FOR SALE

20437 Island Forest Dr Cornelius, NC 28031

Estimated Value: $1,170,000 - $2,015,000

4 Beds
3 Baths
2,481 Sq Ft
$701/Sq Ft Est. Value

Sale Details

Date Sold: May 16, 2018

Last sale price $675,000 $272 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $10,009 / mo

85 Days on Market

Highlights

  • Waterfront
  • Open Floorplan
  • Fireplace
  • Bailey Middle School Rated A-
  • Vaulted Ceiling
  • Walk-In Closet

About This Home

As of May 2018

A RARE find on LAKE NORMAN! With the big projects out of the way, you can come in and CUSTOMIZE the remaining updates yourself. Current owner has given the EXTERIOR a complete FACE-LIFT! This home has a NEW garage, flat driveway, COVERED front porch, large deck, NEW DOCK with BOAT SLIP, screened PORCH, and sliding doors across the back - providing PANORAMIC VIEWS of Lake Norman. The roof was raised for an exquisite MASTER RETREAT on upper floor. WALK-OUT BASEMENT was completed with 2 bedrooms, large family room and full bathroom all with durable flooring for running in and out to the lake. Current owner is a general contractor and has plans for the remaining changes which can be negotiated as part of the purchase contract. This home is a must see for its views and potential!

Last Agent to Sell the Property

Rachel Lewis

Lewis And Kirk Realty LLC License #271927 Listed on: 01/18/2018

Co-Listed By

Amanda Chavis

Lewis And Kirk Realty LLC License #291815

Last Buyer's Agent

Anne Brade

RE/MAX Executive License #226410

RE/MAX Executive

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1986

Lot Details

  • Waterfront
  • Open Lot

HOA Fees

  • $5 Monthly HOA Fees

Parking

  • 2

Interior Spaces

  • Open Floorplan
  • Vaulted Ceiling
  • Fireplace
  • Crawl Space

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • Walk-In Closet
  • 3 Full Bathrooms

Community Details

  • Island Forest Bod Association, Phone Number (704) 491-3129

Listing and Financial Details

  • Assessor Parcel Number 001-114-70

Home Details

Home Type

Single Family

Year Built

Built in 1986

Lot Details

9,583 Sq Ft Lot

HOA Fees

$5 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 0.87097
  • Ratio Current Price By Acre: 3068181.82
  • Ratio Current Price By Sq Ft: 272.07
  • Year Built: 1986
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Crawl Space
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Electric, Dishwasher
  • Fireplace Description: Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Laminate Wood
  • H O A Management Phone: 704-491-3129
  • Interior Amenities: Attic Other, Open Floorplan, Vaulted Ceiling, Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 2
  • Sq Ft Additional: 441
  • Sq Ft Basement: 987
  • Main Level Sq Ft: 1494
  • Total Sq Ft: 2481
  • Sq Ft Unheated Basement: 267
  • Sq Ft Unheated Main: 830
  • Sq Ft Unheated Total: 1754
  • Sq Ft Unheated Upper: 657

Exterior Features

  • Construction: Brick Partial, Fiber Cement
  • Construction Type: Site Built
  • Exterior Features: Boat Slip, Fenced Yard, Pier
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 2 Car

Utilities

  • Heating: Central Air
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee: 60.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Island Forest BOD
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Features: Waterfront, Water view, Lake Access, Open Lot, Year Round View
  • Parcel Number: 001-114-70
  • Zoning Specification: GR

Tax Info

  • Tax Value: 459400.00
  • Tax Location: Cornelius

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2021
Sold by
Dicosmo Jennifer D and Brower Stephen
Bought by
Dicosmo Jennifer D
Current Estimated Value
$1,738,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$659,000
Outstanding Balance
$600,947
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,137,865

Purchase Details

Listed on
Jan 18, 2018
Closed on
May 16, 2018
Sold by
Tompkins Matthew R and Tompkins Sara H
Bought by
Dicosmo Jennifer D and Brower Stephen
Seller's Agent
Rachel Lewis
Lewis And Kirk Realty LLC
Buyer's Agent
Anne Brade
RE/MAX Executive
List Price
$775,000
Sold Price
$675,000
Premium/Discount to List
-$100,000
-12.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.57%
Original Mortgage
$540,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 1999
Sold by
Greene Fulton B and Greene Catherine B
Bought by
Greene Fulton and Greene Catherine B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Dicosmo Jennifer D -- None Available
Dicosmo Jennifer D $675,000 None Available
Greene Fulton -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dicosmo Jennifer D $659,000
Closed Dicosmo Jennifer D $540,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2018 05/16/18 Sold $675,000 -12.9% $272 / Sq Ft
04/13/2018 04/13/18 Pending -- -- --
01/18/2018 01/18/18 For Sale $775,000 -- $312 / Sq Ft
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 $8,648 $1,310,300 $950,000 $360,300
2024 $8,648 $1,310,300 $950,000 $360,300
2023 $8,512 $1,310,300 $950,000 $360,300
2022 $5,720 $669,200 $400,000 $269,200
2021 $5,653 $669,200 $400,000 $269,200
2020 $5,653 $669,200 $400,000 $269,200
2019 $5,647 $669,200 $400,000 $269,200
2018 $5,630 $519,600 $350,000 $169,600
2017 $5,587 $519,600 $350,000 $169,600
2016 $4,939 $459,400 $350,000 $109,400
2015 -- $459,400 $350,000 $109,400
2014 $4,865 $459,400 $350,000 $109,400
Source: Public Records

Agents Affiliated with this Home

  • Rachel Lewis

    Seller's Agent in 2018

    Rachel Lewis

    Lewis And Kirk Realty LLC

    (704) 577-9849

    2 in this area

    107 Total Sales

    Rachel Lewis
    Section Image
  • Amanda Chavis

    Seller Co-Listing Agent in 2018

    Amanda Chavis

    Lewis And Kirk Realty LLC

    (704) 562-8892

    1 in this area

    76 Total Sales

    Amanda Chavis
    Section Image
  • Anne Brade

    Buyer's Agent in 2018

    Anne Brade

    RE/MAX Executives Charlotte, NC

    (704) 650-4951

    1 in this area

    108 Total Sales

    Anne Brade
    Section Image
See All Agents

Map

Source: Canopy MLS

MLS Number: CAR3352090

Canopy MLS

APN: 001-114-70

North Carolina Mecklenburg County Cornelius 28031

20437 Island Forest Dr, Cornelius, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS 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
Listings courtesy of Canopy MLS as distributed by MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.