NOT LISTED FOR SALE

20925 Cinnamon Tree Ln Unit 5 Cornelius, NC 28031

Estimated Value: $2,857,000 - $3,948,000

1.15 Acres
$2,986,760 Price per Acre
50,094 Sq Ft Lot

Sale Details

Date Sold: July 9, 2019

Last sale price $725,000

Est. 374% increase in value since last sale

Current estimated payment $19,780 / mo

135 Days on Market

Highlights

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

About This Lot

As of July 2019

Keel Bay is a newly constructed community in a prime location in Cornelius/Lake Norman. Close to all shopping, restaurants and activities! There are only 2 lots left! This lot is over an acre with prime lake frontage! Choose 1 of our home plans or bring/design your own with Southern Cottage Homes. Home prices from $1.3-3 million. Dock/pier are allowed. Enjoy taking family and friends out on your boat/jet ski/paddle boards to waterfront restaurants or events! 17 acre Waterfront community with 3 acres of common buffer area.

Last Agent to Sell the Property

Christy Walker

Premier Sotheby's International Realty License #202446 Listed on: 01/11/2019

Premier Sotheby's International Realty

Last Buyer's Agent

Lynette Drawdy

Howard Hanna Allen Tate Lake Norman License #280931

Howard Hanna Allen Tate Lake Norman

Property Details

Property Type

  • Land

Lot Details

  • Waterfront
  • Wooded Lot

Basement

  • Crawl Space

Community Details

  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 001-132-40

Property Details

Property Type

Land

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.97315
  • Ratio Close Price By Original Li: 0.97315
  • Ratio Current Price By Acre: 630434.78
  • Restrictions: Manufactured Home Not Allowed, Modular Not Allowed
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space

Utilities

  • Sewer: City Sewer
  • Water: City Water

Condo/Co-op/Association

  • Community Features: Lake
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Features: Cul-de-sac Lot, Lake, Waterfront, Wooded, Year Round View
  • Parcel Number: 001-132-40
  • Zoning Specification: SFR
  • Plat Reference Section Pages: 777

Tax Info

  • Tax Value: 385000.00
  • Tax Location: Cornelius

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2024
Sold by
Nemechek Joseph F and Nemechek Andrea
Bought by
Joe And Andrea Nemechek Living Trust and Nemechek
Current Estimated Value
$3,434,774

Purchase Details

Listed on
Jan 11, 2019
Closed on
Jun 13, 2019
Sold by
Palanisamy Balasubramanian and Ramasamy Radhai
Bought by
Nemechek Joseph F and Nemechek Andrea
Seller's Agent
Christy Walker
Premier Sotheby's International Realty
Buyer's Agent
Lynette Drawdy
Howard Hanna Allen Tate Lake Norman
List Price
$745,000
Sold Price
$725,000
Premium/Discount to List
-$20,000
-2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.54%

Purchase Details

Closed on
Nov 15, 2016
Sold by
Kaneel Bay Development Llc
Bought by
Palanisamy Balasubramanian and Palanisamy Radahi

Purchase Details

Closed on
Jun 17, 2016
Sold by
Kaneel Bay Development Llc
Bought by
Mcquaid William J and Mcquaid Elizebeth A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Joe And Andrea Nemechek Living Trust -- None Listed On Document
Joe And Andrea Nemechek Living Trust -- None Listed On Document
Nemechek Joseph F $725,000 None Available
Palanisamy Balasubramanian $2,130,000 None Available
Mcquaid William J $625,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2019 07/09/19 Sold $725,000 -2.7% --
05/26/2019 05/26/19 Pending -- -- --
01/11/2019 01/11/19 For Sale $745,000 -- --
Source: Canopy MLS

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 $17,331 $2,633,600 $825,000 $1,808,600
2024 $17,331 $2,633,600 $825,000 $1,808,600
2023 $17,063 $2,633,600 $825,000 $1,808,600
2022 $13,644 $1,602,600 $630,000 $972,600
2021 $9,980 $1,189,600 $630,000 $559,600
2020 $5,285 $630,000 $630,000 $0
2019 $5,285 $630,000 $630,000 $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

MLS Number: CAR3464355

Canopy MLS

APN: 001-132-40

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