NOT LISTED FOR SALE

20911 Cinnamon Tree Ln Unit 6 Cornelius, NC 28031

Estimated Value: $3,738,418 - $3,969,000

1.5 Acres
$2,568,093 Price per Acre
65,340 Sq Ft Lot

Last Sold November 14, 2016

Last sale price $760,000

Est. 407% increase in value since last sale

Current estimated payment $22,381/month

189 Days on Market

Highlights

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

About This Lot

As of November 2016

Beautiful 1.5 acre waterfront lot in the brand new community of Keel Bay! Keel Bay is a small community on a peaceful cove with 12 large waterfront homesites, just minutes to everything in Cornelius. Rare find in Cornelius! Call LA today for more details!

Last Agent to Sell the Property

Earle Steele

Landis Real Estate LLC License #187687 Listed on: 04/26/2016

Last Buyer's Agent

Earle Steele

Landis Real Estate LLC License #187687 Listed on: 04/26/2016

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,270

Lot Details

Additional Features

  • Waterfront
  • Crawl Space

Listing and Financial Details

  • Assessor Parcel Number 00113401

Community Details

Overview

  • Community Lake

Recreation

  • Access To Lake

Property Details

Property Type

Land

Est. Annual Taxes

$13,270

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 1.01333
  • Ratio Close Price By Original Li: 1.01333
  • Ratio Current Price By Acre: 506666.67
  • Restrictions: Architectural Review
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space

Exterior Features

  • Publically Maintained Road: Yes

Utilities

  • Sewer: City Sewer
  • Water: City Water

Condo/Co-op/Association

  • Community Features: Lake, Lake Access

Schools

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

Lot Info

  • Lot Dimension: irregular
  • Lot Features: Cul-de-sac Lot, Waterfront, Water view, Lake
  • Lot Size Area: 1.500
  • Parcel Number: 00113401
  • Zoning: Residential

Tax Info

  • Tax Location: Cornelius

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2023
Sold by
Cunningham Alan C and Cunningham Kimberly K
Bought by
Buesing Eric C and Buesing Arpita G
Current Estimated Value
$3,852,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,194,645
Outstanding Balance
$3,110,587
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$679,359

Purchase Details

Closed on
Apr 3, 2018
Sold by
Palepiry Basubramtian and Bemasny Real
Bought by
Cunnirgham Alan C and Cunnirgham Kimberly K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,250
Interest Rate
6.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Buesing Eric C $3,550,000 Link Title
Cunnirgham Alan C $695,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buesing Eric C $3,194,645
Previous Owner Cunningham Alan C $589,000
Previous Owner Cunningham Alan C $1,500,000
Previous Owner Cunningham Alan C $425,000
Previous Owner Cunningham Alan C $1,500,000
Previous Owner Cunningham Alan C $1,500,000
Previous Owner Cunnirgham Alan C $521,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2016 11/14/16 Sold $760,000 +1.3% --
11/01/2016 11/01/16 Pending -- -- --
04/26/2016 04/26/16 For Sale $750,000 -- --
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 $13,270 $2,046,600 $825,000 $1,221,600
2022 $10,876 $1,276,500 $665,000 $611,500
2021 $10,748 $1,276,500 $665,000 $611,500
2020 $9,632 $665,000 $665,000 $0
2019 $5,579 $665,000 $665,000 $0
2018 $4,151 $385,000 $385,000 $0
2017 $4,122 $385,000 $385,000 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3170728

Canopy MLS (Canopy Realtor® Association)

APN: 001-132-39