NOT LISTED FOR SALE

20621 Island Forest Dr Cornelius, NC 28031

Estimated Value: $1,085,000 - $1,360,340

0.28 Acre
$4,471,732 Price per Acre
12,197 Sq Ft Lot

Last Sold March 29, 2019

Last sale price $592,000 $327 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $7,058/month

5 Days on Market

Highlights

  • Waterfront
  • Bailey Middle School Rated A-
  • Community Lake

About This Lot

As of March 2019

Fabulous waterfront home with incredible Lake Norman views. The sunset is breath taking. The home is a classic 1970's contemporary with a large kitchen and great room/dining room combination. Master bedroom is a good size with it's own bath and there are two secondary bedrooms that share a large bathroom. The lot is level with clear lake views from the house. Home is being sold AS IS. No repairs will be made. Pier needs work. Connection to county sewer is available for a fee. Home is also listed for sale as MLS#3468552

Last Agent to Sell the Property

Nancy Buckstad

EXP Realty LLC Mooresville License #194805 Listed on: 01/26/2019

EXP Realty LLC Mooresville

Co-Listed By

Candy Gilder

EXP Realty LLC Mooresville License #214007

Last Buyer's Agent

David Altshuler

ERA Live Moore License #258519

ERA Live Moore

Property Details

Property Type

  • Land

Lot Details

HOA Fees

  • $5 Monthly HOA Fees

Additional Features

  • Waterfront
  • Crawl Space
  • Septic Tank

Community Details

  • Association Phone (704) 806-7873
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 001-114-22

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$5 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.94720
  • Ratio Close Price By Original Li: 0.94720
  • Ratio Current Price By Acre: 2114285.71
  • Restrictions: No Representation
  • Habitable Residence Yn: Yes
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • H O A Management Phone: 704-806-7873

Exterior Features

  • Construction Type: Site Built
  • Cleared Acres: 0.28

Utilities

  • Sewer: Septic Installed
  • Water: City Water

Condo/Co-op/Association

  • Community Features: Lake
  • Association Fee: 65.00
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Dimension: 68x199x66x180
  • Lot Features: Water view, Waterfront, Year Round View
  • Lot Size Area: 0.280
  • Parcel Number: 001-114-22
  • Zoning Specification: GR

Tax Info

  • Tax Value: 548900.00
  • Tax Location: Cornelius

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2019
Closed on
Mar 29, 2019
Sold by
Mcintosh Robert G and Mcintosh Ann B
Bought by
Bush Jeffrey J and Bush Kimberly L
Seller's Agent
Nancy Buckstad
EXP Realty LLC Mooresville
Buyer's Agent
David Altshuler
ERA Live Moore
List Price
$625,000
Sold Price
$592,000
Premium/Discount to List
-$33,000
-5.28%
Current Estimated Value
$1,252,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$660,085
Avg. Annual Appreciation
12.12%
Original Mortgage
$468,000
Outstanding Balance
$411,455
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$840,630

Purchase Details

Closed on
Dec 31, 2002
Sold by
Wood Clyde E and Wood Bernice K
Bought by
Mcintosh Robert G and Mcintosh Ann B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,400
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 1997
Sold by
Wood Clyde E and Wood Bernice K
Bought by
Wood Clyde E and Wood Bernice K
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bush Jeffrey J $592,000 None Available
Mcintosh Robert G $336,000 --
Wood Clyde E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bush Jeffrey J $468,000
Previous Owner Mcintosh Robert G $302,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2019 03/29/19 Sold $592,000 -5.3% $327 / Sq Ft
01/31/2019 01/31/19 Pending -- -- --
01/26/2019 01/26/19 For Sale $625,000 -- $345 / 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
2025 -- $1,036,100 $855,000 $181,100
2024 -- $1,036,100 $855,000 $181,100
2023 $4,976 $1,188,000 $950,000 $238,000
2022 $4,976 $581,500 $400,000 $181,500
2021 $4,918 $581,500 $400,000 $181,500
2020 $4,801 $548,700 $400,000 $148,700
2019 $4,637 $548,700 $400,000 $148,700
2018 $5,661 $522,500 $420,000 $102,500
2017 $5,618 $522,500 $420,000 $102,500
2016 $5,615 $522,500 $420,000 $102,500
2015 $5,533 $522,500 $420,000 $102,500
2014 $5,531 $522,500 $420,000 $102,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3468597

Canopy MLS (Canopy Realtor® Association)

APN: 001-114-22