NOT LISTED FOR SALE

20938 Island Forest Dr Unit 109 Cornelius, NC 28031

Estimated Value: $139,000 - $904,000

0.31 Acre
$1,340,158 Price per Acre
13,504 Sq Ft Lot

Last Sold April 23, 2012

Last sale price $83,500

Est. 398% increase in value since last sale

Current estimated payment $2,315/month

265 Days on Market

Highlights

  • Access To Lake
  • Community Lake
  • Corner Lot
  • Bailey Middle School Rated A-
  • Wooded Lot

About This Lot

As of April 2012

Outstanding wooded corner lot with terrific view of Lake's Main Channel. Excellent private, established neighborhood with great schools. Lot is perfect for home 1200 sp ft and larger. Community boat landing and pier access close by. City water and sewer available but not tapped AND lot has working well.

Last Agent to Sell the Property

Marti McBride

Coldwell Banker Realty License #239780 Listed on: 07/10/2011

Coldwell Banker Realty

Last Buyer's Agent

Michael Ransom

My Dream Home Realty License #216942

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,312

Lot Details

  • Corner Lot
  • Wooded Lot

HOA Fees

  • $4 Monthly HOA Fees

Utilities

  • Well

Listing and Financial Details

  • Assessor Parcel Number 001-113-14

Community Details

Overview

  • Island Forest HOA, Phone Number (704) 892-6521
  • Community Lake

Recreation

  • Access To Lake

Property Details

Property Type

Land

Est. Annual Taxes

$1,312

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.92881
  • Ratio Close Price By Original Li: 0.83584
  • Ratio Current Price By Acre: 269354.84
  • Restrictions: Manufactured Home Not Allowed, Square Feet
  • Special Features: None

Interior Features

  • H O A Management Phone: 704/892-6521

Utilities

  • Sewer: City Sewer
  • Water: Well, City Water

Condo/Co-op/Association

  • Community Features: Boat Ramp, Lake, Lake Access
  • Association Fee: 50.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Island Forest HOA
  • HOA Subject to Dues YN: Yes

Schools

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

Lot Info

  • Lot Dimension: 175x152x140
  • Lot Features: Corner Lot, Water view, Wooded
  • Lot Size Area: 0.310
  • Lot Size Units: Acres
  • Parcel Number: 001-113-14
  • Zoning Specification: R4

Tax Info

  • Tax Location: Mecklenburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2011
Closed on
Apr 20, 2012
Sold by
Sheets Linda Smith and Smith Linda S
Bought by
Catlett Raymond H and Catlett Carole H
Seller's Agent
Marti McBride
Coldwell Banker Realty
Buyer's Agent
Michael Ransom
My Dream Home Realty
List Price
$99,900
Sold Price
$83,500
Premium/Discount to List
-$16,400
-16.42%
Current Estimated Value
$415,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$331,949
Avg. Annual Appreciation
12.64%

Purchase Details

Closed on
Aug 25, 2006
Sold by
Sheets Walter R
Bought by
Sheets Linda Smith

Purchase Details

Closed on
Jul 1, 2003
Sold by
Corriher Water Service Inc
Bought by
Sheets Walter R and Sheets Linda Smith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,910
Interest Rate
5.3%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 12, 2002
Sold by
Ruth Hilton L and Corriher Frank A
Bought by
Corriher Water Service Inc
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
Catlett Raymond H $84,000 None Available
Sheets Linda Smith -- None Available
Sheets Walter R $60,000 --
Corriher Water Service Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sheets Walter R $53,910
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2012 04/23/12 Sold $83,500 -16.4% --
03/31/2012 03/31/12 Pending -- -- --
07/10/2011 07/10/11 For Sale $99,900 -- --
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 $1,312 $200,000 $200,000 --
2024 $1,312 $200,000 $200,000 --
2023 $1,292 $200,000 $200,000 $0
2022 $934 $110,000 $110,000 $0
2021 $923 $110,000 $110,000 $0
2020 $923 $110,000 $110,000 $0
2019 $923 $110,000 $110,000 $0
2018 $647 $60,000 $60,000 $0
2017 $642 $60,000 $60,000 $0
2016 $642 $60,000 $60,000 $0
2015 $633 $60,000 $60,000 $0
2014 $633 $60,000 $60,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR2029737

Canopy MLS (Canopy Realtor® Association)

APN: 001-113-14