20601 Island Forest Dr Cornelius, NC 28031
4
Beds
3.5
Baths
3,600
Sq Ft
0.33
Acres
Highlights
- Water Views
- Boat Lift
- Open Floorplan
- Bailey Middle School Rated A-
- In Ground Pool
- Deck
About This Home
As of May 2025Welcome to this exquisite Lake Norman waterfront retreat nestled in the heart of Cornelius. This luxurious 4-bed, 3.5-bath beauty, built in 2020, offers an unparalleled blend of modern design and serene lakefront living. As you enter, you're greeted with an open floor plan bathed in abundant natural light. The living, dining, kitchen and keeping rooms seamlessly make up the main living areas. Main-level primary suite boasts a spa-like bath and a private deck where you can soak in sunset views over the lake. Additional main-level amenities include a bar with a beverage fridge, drop zone, and laundry room. Upper level offers a versatile loft, 3 beds, 2 full baths, and a large flex/bonus room. Step outside to your own backyard oasis where a saltwater pool. Private stationary dock with a boat lift, level spacious yard with meticulous landscaping, 2 car attached garage, prime location. This home epitomizes luxury and tranquility, making it an incredible Lake Norman gem!
Last Agent to Sell the Property
Ivester Jackson Distinctive Properties Brokerage Email: nicole@ivesterjackson.com License #279887 Listed on: 03/20/2025
Last Buyer's Agent
Ivester Jackson Distinctive Properties Brokerage Email: nicole@ivesterjackson.com License #279887 Listed on: 03/20/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,332
Year Built
- Built in 2020
Lot Details
- Lot Dimensions are 71 x 246 x 12 x 12 x 17 x 11 x 23 x 235
- Back Yard Fenced
- Irrigation
- Property is zoned GR
HOA Fees
- $8 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Front Facing Garage
- Driveway
Home Design
- Composition Roof
Interior Spaces
- 2-Story Property
- Open Floorplan
- Built-In Features
- Bar Fridge
- Ceiling Fan
- Window Treatments
- Window Screens
- French Doors
- Mud Room
- Entrance Foyer
- Great Room with Fireplace
- Water Views
- Crawl Space
- Laundry Room
Kitchen
- Self-Cleaning Oven
- Gas Cooktop
- Range Hood
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- Walk-In Closet
Pool
- In Ground Pool
- Fence Around Pool
- Saltwater Pool
Outdoor Features
- Waterfront has a Concrete Retaining Wall
- Boat Lift
- Deck
- Covered patio or porch
Schools
- Cornelius Elementary School
- Bailey Middle School
- William Amos Hough High School
Utilities
- Forced Air Heating and Cooling System
- Tankless Water Heater
- Gas Water Heater
- Cable TV Available
Community Details
- Island Forest Community Association
- Island Forest Subdivision
- Mandatory home owners association
Listing and Financial Details
- Assessor Parcel Number 001-114-26
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 20, 2025
Closed on
May 30, 2025
Sold by
Merrill Linda K and Thomson Joseph Scott
Bought by
Lkn Moto Properties Llc
Seller's Agent
Nicole Leininger
Ivester Jackson Distinctive Properties
Buyer's Agent
Nicole Leininger
Ivester Jackson Distinctive Properties
List Price
$3,425,000
Sold Price
$3,025,000
Premium/Discount to List
-$400,000
-11.68%
Views
43
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.09%
Original Mortgage
$2,268,750
Outstanding Balance
$2,268,750
Interest Rate
6.83%
Mortgage Type
Credit Line Revolving
Estimated Equity
$981,708
Purchase Details
Closed on
Oct 8, 2020
Sold by
Merrill Linda K and Thomson Joseph Scott
Bought by
Merrill Linda K and Thomson Joseph Scott
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 31, 2014
Sold by
Roller William Edgar and Roller Pauline Kelly M
Bought by
Merrill Linda K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.24%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 16, 2012
Sold by
Cousin Marc L and Cousin Betty M
Bought by
Rolller William Edgar and Rolller Pauline Kelly M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.58%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 20, 1998
Sold by
Franklin Campbell James
Bought by
Cousin Marc L and Cousin Betty M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,600
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Cornelius, NC
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $3,025,000 | None Listed On Document | |
| Warranty Deed | $3,025,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $560,000 | None Available | |
| Warranty Deed | $525,000 | None Available | |
| Warranty Deed | $251,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,268,750 | Credit Line Revolving | |
| Closed | $2,268,750 | Credit Line Revolving | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $510,400 | New Conventional | |
| Previous Owner | $630,000 | Construction | |
| Previous Owner | $417,000 | New Conventional | |
| Previous Owner | $417,000 | New Conventional | |
| Previous Owner | $185,500 | Unknown | |
| Previous Owner | $40,930 | Credit Line Revolving | |
| Previous Owner | $200,600 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | Sold | $3,025,000 | -11.7% | $840 / Sq Ft |
| 03/20/2025 03/20/25 | For Sale | $3,425,000 | 0.0% | $951 / Sq Ft |
| 09/04/2018 09/04/18 | Rented | $2,595 | 0.0% | -- |
| 08/23/2018 08/23/18 | For Rent | $2,595 | -- | -- |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $11,332 | $1,719,300 | $950,000 | $769,300 |
| 2022 | $8,265 | $969,000 | $400,000 | $569,000 |
| 2021 | $7,574 | $898,100 | $400,000 | $498,100 |
| 2020 | $4,693 | $554,700 | $400,000 | $154,700 |
| 2019 | $4,687 | $554,700 | $400,000 | $154,700 |
| 2018 | $4,906 | $452,500 | $350,000 | $102,500 |
| 2017 | $4,869 | $452,500 | $350,000 | $102,500 |
| 2016 | $4,865 | $452,500 | $350,000 | $102,500 |
| 2015 | $4,794 | $458,100 | $350,000 | $108,100 |
| 2014 | $4,851 | $458,100 | $350,000 | $108,100 |
Source: Public Records
Agents Affiliated with this Home
-
N
Seller's Agent in 2025
Nicole Leininger
Ivester Jackson Distinctive Properties
-
V
Seller's Agent in 2018
Vickie Barrett
Dazcon Properties
-
K
Seller Co-Listing Agent in 2018
Kim Whitaker
Dazcon Properties
-
J
Buyer's Agent in 2018
Jordan Cook
Allen Tate Realtors
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4232070
APN: 001-114-26
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