NOT LISTED FOR SALE

20905 Lagoona Dr Cornelius, NC 28031

Estimated Value: $741,764 - $963,000

1 Bed
1 Bath
835 Sq Ft
$1,011/Sq Ft Est. Value

Last Sold May 04, 2023

Last sale price $675,000 $808 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,031/month

29 Days on Market

Highlights

  • Access To Lake
  • Waterfront
  • Detached Garage
  • Bailey Middle School Rated A-
  • Cottage
  • Laundry Room

About This Home

As of May 2023

Exciting opportunity for a full remodel to put some modern touches on this charming Cornelius lakefront cottage! Or, come build your dream home on the water and enjoy Lake Norman sunsets! 34' of water frontage and permitted Duke Energy pier. Dock perfect for pontoon but no boat lift or slip allowed at this location. Neighborhood boat ramp is two lots over with east access for taking your boat in and out. Water exists at pier from approximately April through October. Lake Norman is lowered by Duke Energy during winter months for pier repairs and preparation for spring mountain snow thaw into area. New build footprint can't exceed 24% of lot surface. 50 ft LKN rear setback, 25 ft front and 10 ft side setbacks.

Last Agent to Sell the Property

Jordan Jackson

Ivester Jackson Properties Brokerage Email: jordan@ivesterjackson.com License #314456 Listed on: 02/21/2023

Last Buyer's Agent

Matt Sarver

Keller Williams Lake Norman License #234447

Keller Williams Lake Norman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,473

Year Built

  • Built in 1967

Lot Details

  • Waterfront
  • Level Lot
  • Property is zoned GR

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • Detached Garage

Home Design

  • Cottage
  • Flat Roof Shape
  • Wood Siding

Interior Spaces

  • 835 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Vinyl Flooring
  • Crawl Space
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Access To Lake

Schools

  • William Amos Hough High School

Utilities

  • Heat Pump System
  • Water Tap or Transfer Fee
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Biscayne Park Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 001-701-22

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,473

Year Built

Built in 1967

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Year Built: 1967
  • Restrictions: No Representation
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Restrictions Description: Subject to Cornelius Zoning
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 808.38
  • Geocode Confidence: High
  • Attribution Contact: jordan@ivesterjackson.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Vinyl
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 835
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Refrigerator, Washer
  • Above Grade Finished Sq Ft: 835
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Living Area: 835
  • Bedroom Main: 1
  • Room Count: 2

Exterior Features

  • New Construction: No
  • Roof: Flat
  • Construction Type: Site Built
  • View: Year Round
  • Water Body Name: Lake Norman
  • Waterfront Features: Boat Ramp – Community
  • Construction Type: Wood
  • Other Structures: Other - See Remarks

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Detached Garage

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed, Tap Fee Required
  • Laundry Features: Main Level
  • Cooling: Ceiling Fan(s), Heat Pump
  • Utilities: Cable Connected, Electricity Connected
  • Water Source: Tap Fee Required, Well

Condo/Co-op/Association

  • Community Features: Lake Access
  • Association Fee: 50
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 50.00

Schools

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

Lot Info

  • Lot Features: Level, Waterfront
  • Lot Size Area: 0.64
  • Lot Size Units: Acres
  • Parcel Number: 001-701-22
  • Development Status: Completed
  • ResoLotSizeUnits: Acres
  • Zoning Specification: GR

Green Features

  • Green Verification Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2023
Closed on
Apr 26, 2023
Sold by
Sadri Rebecca
Bought by
Pugh Troy and Pugh Robin
Seller's Agent
Jordan Jackson
Ivester Jackson Properties
Buyer's Agent
Matt Sarver
Keller Williams Lake Norman
List Price
$749,000
Sold Price
$675,000
Premium/Discount to List
-$74,000
-9.88%
Total Days on Market
29
Views
54
Current Estimated Value
$844,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,191
Avg. Annual Appreciation
11.30%

Purchase Details

Closed on
May 30, 1990
Bought by
Sadri Rebecca
Source: Public Records

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Range of Values:

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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
Pugh Troy $675,000 Fortified Title
Sadri Rebecca $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pugh Troy S $500,000
Previous Owner Sadri Rebecca $193,900
Previous Owner Sadri Rebecca $150,000
Previous Owner Sadri Rebecca $190,000
Previous Owner Sadri Rebecca $150,000
Previous Owner Sadri Rebecca $100,000
Previous Owner Sadri Rebecca $65,000
Previous Owner Sadri Rebecca $30,000
Previous Owner Sadri Rebecca $93,000
Previous Owner Sadri Rebecca $25,115
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2023 05/04/23 Sold $675,000 -9.9% $808 / Sq Ft
03/27/2023 03/27/23 For Sale $749,000 +11.0% $897 / Sq Ft
03/23/2023 03/23/23 Off Market $675,000 -- --
02/21/2023 02/21/23 For Sale $749,000 -- $897 / 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
2023 $3,473 $570,700 $550,000 $20,700
2022 $3,473 $404,500 $390,000 $14,500
2021 $3,433 $404,500 $390,000 $14,500
2020 $3,433 $404,500 $390,000 $14,500
2019 $3,427 $525,900 $455,000 $70,900
2018 $3,213 $295,400 $280,000 $15,400
2017 $3,187 $295,400 $280,000 $15,400
2016 $3,183 $295,400 $280,000 $15,400
2015 $3,136 $295,400 $280,000 $15,400
2014 $3,134 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4004053

Canopy MLS (Canopy Realtor® Association)

APN: 001-701-22