NOT LISTED FOR SALE

20607 Bethel Church Rd Cornelius, NC 28031

Estimated Value: $3,866,000 - $4,276,964

7 Beds
7 Baths
7,339 Sq Ft
$554/Sq Ft Est. Value

Last Sold June 21, 2019

Last sale price $2,135,000 $291 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $23,895/month

45 Days on Market

Highlights

  • In Ground Pool
  • Waterfront
  • Marble Flooring
  • Bailey Middle School Rated A-
  • Private Lot
  • Transitional Architecture

About This Home

As of June 2019

Gorgeous waterfront estate home in desirable Flagship community! Nestled on 3+ acres, this full brick home with gated entry and meandering driveway is completely upgraded and tastefully designed. Grand 2-story entry leads you into the sunny formal living room w/striking marble fireplace. Gourmet kitchen with polished marble counters, Wolf/Subzero appliances opening to cozy den. Master bedroom retreat on main boasts marble spa bathroom w/oversized shower, his/her closets and wash closets. Warm, rich hardwood floors and high-end designer lighting throughout. Lower lake level features private guest quarters, 2nd full marble kitchen, custom theater room, wet bar, and billiard area perfect for entertaining. Lake views from most rooms!. Outdoor serenity with cascading hot tub into Pebble-Tec pool, huge sandy beach and covered dock w/sitting area.

Last Agent to Sell the Property

Lori Ivester Jackson

Ivester Jackson Properties License #78488 Listed on: 03/29/2019

Last Buyer's Agent

Anita Sabates

Allen Tate Lake Norman License #148222

Allen Tate Lake Norman

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • Waterfront
  • Private Lot

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • Attached Garage
  • Workshop in Garage

Home Design

  • Transitional Architecture

Interior Spaces

  • Tray Ceiling
  • Fireplace

Flooring

  • Wood
  • Stone
  • Marble

Bedrooms and Bathrooms

  • Walk-In Closet

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Terrace

Utilities

  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • Flagship Property Owner Ass Association

Listing and Financial Details

  • Assessor Parcel Number 001-108-05

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0

HOA Fees

$125 per month

Parking

3

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Transitional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.97267
  • Ratio Close Price By Original Li: 0.97267
  • Ratio Current Price By Acre: 700000.00
  • Ratio Current Price By Sq Ft: 290.91
  • Year Built: 2004
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Fully Finished
  • Upper Level Sq Ft: 1949
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bathrooms: 7.00
  • Total Bedrooms: 7
  • Equipment: Ceiling Fan(s), CO Detector, Cable Prewire, Dishwasher, Gas Range, Ice Maker Connection, Refrigerator, Exhaust Hood, Natural Gas, Gas Oven
  • Fireplace Description: Living Room
  • Fireplace: Yes
  • Flooring: Marble, Stone, Wood
  • Interior Amenities: Attic Other, Cable Available, Garage Shop, Tray Ceiling, Walk-In Closet(s)
  • Laundry Location: Laundry Room
  • Room Count: 3
  • Sq Ft Basement: 2599
  • Main Level Sq Ft: 2791
  • Total Sq Ft: 7339
  • Sq Ft Unheated Main: 838
  • Sq Ft Unheated Total: 838

Exterior Features

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

Garage/Parking

  • Driveway: Concrete, Stone
  • Parking: Attached Garage, Garage - 3 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Multizone A/C, Natural Gas
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee: 1500.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Flagship Property Owner Ass
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Dimension: 103x1156x120x1228
  • Lot Features: Private, Waterfront
  • Lot Size Area: 3.050
  • Parcel Number: 001-108-05
  • Zoning Specification: GR

Tax Info

  • Tax Value: 1926500.00
  • Tax Location: Mecklenburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2019
Closed on
Jun 18, 2019
Sold by
Shinnville Ridge Partnerts Llc
Bought by
Patel Ashesh Hemant and Brand Patel Nancy James
Seller's Agent
Lori Ivester Jackson
Ivester Jackson Properties
Buyer's Agent
Anita Sabates
Allen Tate Lake Norman
List Price
$2,195,000
Sold Price
$2,135,000
Premium/Discount to List
-$60,000
-2.73%
Current Estimated Value
$4,066,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,931,321
Avg. Annual Appreciation
10.91%
Original Mortgage
$50,000
Interest Rate
4%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 18, 2019
Sold by
Sloan Courtney Anne
Bought by
Shinnville Ridge Partners Llc

Purchase Details

Closed on
Oct 2, 2017
Sold by
First Equities Fiancial Llc
Bought by
Sloan Courtney Anne

Purchase Details

Listed on
Apr 10, 2014
Closed on
Oct 20, 2014
Sold by
A Ray Mathis Revocable Living Trust
Bought by
First Equities Financial Llc
Seller's Agent
Grant Mosteller
Marc I Realty
Buyer's Agent
Non Member
Canopy Administration
List Price
$1,669,100
Sold Price
$960,750
Premium/Discount to List
-$708,350
-42.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.03%
Original Mortgage
$561,585
Interest Rate
4.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 10, 2014
Closed on
Aug 28, 2014
Sold by
Nationstar Mortgage Llc
Bought by
R Ray Mathis Revocable Living Trust and Mathis Alfred Ray
Seller's Agent
Grant Mosteller
Marc I Realty
Buyer's Agent
Non Member
Canopy Administration
List Price
$1,669,100
Sold Price
$960,750
Premium/Discount to List
-$708,350
-42.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$561,585
Interest Rate
4.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 2013
Sold by
Terpak Stephen J
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
May 25, 2011
Sold by
20607 Bethel Church Road Trust
Bought by
Jabez Consolidated Holdings Inc

Purchase Details

Closed on
Nov 20, 2010
Sold by
Southern State Financial Services
Bought by
20607 Bethel Church Rd Trust Guardian Tr

Purchase Details

Closed on
Apr 30, 2010
Sold by
Terpak Stephen J
Bought by
Southern States Financial Services

Purchase Details

Closed on
Oct 25, 2005
Sold by
Beckwith Homes Corp
Bought by
Terpak Stephen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,400
Interest Rate
6.19%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 12, 2004
Sold by
Wachovia Bank Na
Bought by
Beckwith Homes Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,400
Interest Rate
5.77%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 4, 2004
Sold by
Farmer Robert E and Farmer Michele K
Bought by
Wachovia Bank Na

Purchase Details

Closed on
Oct 29, 1999
Sold by
Partners Llc Killian Simonini Llc
Bought by
Farmer Robert E and Farmer Michele K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
7.76%
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
Patel Ashesh Hemant $2,135,000 None Available
Shinnville Ridge Partners Llc -- None Available
Sloan Courtney Anne -- None Available
First Equities Financial Llc $1,092,000 None Available
R Ray Mathis Revocable Living Trust $961,000 None Available
Nationstar Mortgage Llc $1,723,648 None Available
Jabez Consolidated Holdings Inc $25,000 None Available
20607 Bethel Church Rd Trust Guardian Tr -- None Available
Southern States Financial Services $150 None Available
Terpak Stephen J -- --
Beckwith Homes Corp $457,000 Investors Title Insurance Co
Wachovia Bank Na $423,763 --
Farmer Robert E $459,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Ashesh Hemant $1,866,500
Closed Koshy Kurian $50,000
Closed Patel Ashesh Hemant $1,921,500
Previous Owner Sloan Courtney Anne $300,000
Previous Owner Koshy Kurian $175,000
Previous Owner Sloane Courtney Anen $400,000
Previous Owner First Equities Financial Llc $300,000
Previous Owner First Equities Financial Llc $450,000
Previous Owner First Equities Financial Llc $561,585
Previous Owner Terpak Stephen J $200,000
Previous Owner Terpak Stephen J $132,902
Previous Owner Terpak Stephen J $235,549
Previous Owner Terpak Stephen J $288,433
Previous Owner Terpak Stephen J $190,000
Previous Owner Terpak Stephen J $393,400
Previous Owner Terpak Stephen J $1,323,000
Previous Owner Terpak Stephen J $400,000
Previous Owner Beckwith Homes Corp $365,400
Previous Owner Farmer Robert E $415,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2019 06/21/19 Sold $2,135,000 -2.7% $291 / Sq Ft
05/13/2019 05/13/19 Pending -- -- --
04/28/2019 04/28/19 For Sale $2,195,000 0.0% $299 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/29/2019 03/29/19 For Sale $2,195,000 +128.5% $299 / Sq Ft
09/15/2014 09/15/14 Sold $960,750 -42.4% $128 / Sq Ft
08/27/2014 08/27/14 Pending -- -- --
04/10/2014 04/10/14 For Sale $1,669,100 -- $223 / 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
2024 $21,415 $3,256,000 $1,350,000 $1,906,000
2023 $21,085 $3,256,000 $1,350,000 $1,906,000
2022 $17,122 $2,012,300 $906,300 $1,106,000
2021 $16,837 $2,002,300 $906,300 $1,096,000
2020 $16,837 $2,002,300 $906,300 $1,096,000
2019 $16,831 $2,002,300 $906,300 $1,096,000
2018 $20,799 $1,926,500 $700,000 $1,226,500
2017 $20,651 $1,926,500 $700,000 $1,226,500
2016 $20,648 $1,926,500 $700,000 $1,226,500
2015 $20,355 $1,926,500 $700,000 $1,226,500
2014 $20,353 $1,926,500 $700,000 $1,226,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3488464

Canopy MLS (Canopy Realtor® Association)

APN: 001-108-05