NOT LISTED FOR SALE

21023 Island Forest Dr Cornelius, NC 28031

Estimated Value: $1,102,000 - $1,338,771

4 Beds
3 Baths
2,811 Sq Ft
$451/Sq Ft Est. Value

Sale Details

Date Sold: November 18, 2020

Last sale price $735,500 $262 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $7,219 / mo

138 Days on Market

Highlights

  • Waterfront
  • Open Floorplan
  • Ranch Style House
  • Bailey Middle School Rated A-
  • Community Lake
  • Mud Room

About This Home

As of November 2020

Back on market/No fault of SELLERS! No repair or appraisal issues. Ready to move in or renovate! Main channel lake house on size flat lot. Sunset watching is a nightly show. This is a 1970's ranch w/ full walkout basement in a small quiet neighborhood that hosts 4th of July parade, Eggs hunts, picnics at the access lot. Community lot has boat ramp. House is a blend of updated and move in ready with blank canvas to your personal updates. Updates: 2020 - Complete new roof, new paint throughout, new carpet throughout, personal dock has has new decking, new ramp and new floating dock and Last 4 years - New Windows on front of home, kitchen, bath and home office renovation. Ready for TLC/updates - Master bath and laundry room. We have PERMIT READY full reno plans done by the prestigious Smith Slovik Residential Design Firm to convert this 70's lake cottage into a 2020 dream lake house! No imagination, effort or expense needed. House is priced to reflect age/condition. Agent Owner/Seller

Last Agent to Sell the Property

Coleen Wright

David Weekley Homes License #219828 Listed on: 06/07/2020

Last Buyer's Agent

Howard Kaplan

Lewis And Kirk Realty LLC License #293929

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1974

Lot Details

  • Waterfront
  • Level Lot
  • Cleared Lot

HOA Fees

  • $5 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • Open Floorplan
  • Wood Burning Fireplace
  • Mud Room
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Oven
  • Kitchen Island

Flooring

  • Carpet
  • Tile

Additional Features

  • Separate Outdoor Workshop
  • Cable TV Available

Community Details

  • Island Forest Board Association, Phone Number (917) 848-3044
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 001-111-05

Home Details

Home Type

Single Family

Year Built

Built in 1974

Lot Details

0.25 Acres

HOA Fees

$5 per month

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Ranch
  • Ratio Close Price By List Price: 0.98198
  • Ratio Close Price By Original Li: 0.93516
  • Ratio Current Price By Acre: 2942000.00
  • Ratio Current Price By Sq Ft: 261.65
  • Year Built: 1974
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement, Basement Fully Finished
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Equipment: Cable Prewire, Cooktop Electric, Dishwasher, Disposal, Dryer, Electric Dryer Hookup, Electric Oven, Electric Range, Exhaust Fan, Ice Maker Connection, Microwave, Natural Gas, Oven, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace Description: Rec Room, Wood Burning, Wood burning w/Gas Starter
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • H O A Management Phone: 9178483044
  • Interior Amenities: Attic Stairs Pulldown, Basement Shop, Breakfast Bar, Cable Available, Drop Zone, Kitchen Island, Open Floorplan, Pantry
  • Laundry Location: Basement
  • Room Count: 2
  • Sq Ft Additional: 474
  • Sq Ft Basement: 1244
  • Main Level Sq Ft: 1567
  • Total Sq Ft: 2811

Exterior Features

  • Construction: Brick Partial, Vinyl
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, Workshop

Garage/Parking

  • Driveway: Concrete
  • Parking: Driveway

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Lake, Street Lights
  • Association Fee: 65.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Island Forest Board
  • Hoa Subject To Dues: Voluntary

Lot Info

  • Lot Features: Cleared, Lake, Level, Waterfront, Year Round View
  • Parcel Number: 001-111-05
  • Zoning Specification: GR

Tax Info

  • Tax Value: 627400.00
  • Tax Location: Cornelius

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2020
Closed on
Nov 18, 2020
Sold by
Wright William A and Wright Coleen L
Bought by
Wemple Brian and Wemple Lori Ann
Seller's Agent
Coleen Wright
David Weekley Homes
Buyer's Agent
Howard Kaplan
Lewis And Kirk Realty LLC
List Price
$749,000
Sold Price
$735,500
Premium/Discount to List
-$13,500
-1.8%
Current Estimated Value
$1,267,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$532,443
Avg. Annual Appreciation
10.57%
Original Mortgage
$376,002
Outstanding Balance
$334,588
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$933,355

Purchase Details

Closed on
Jul 14, 2005
Sold by
Rohlfs Keith A and Rohlfs Linda W
Bought by
Wright William A and Wright Coleen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Wemple Brian $735,500 None Available
Wright William A $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wemple Brian $376,002
Previous Owner Wright William A $359,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2020 11/18/20 Sold $735,500 -1.8% $262 / Sq Ft
10/23/2020 10/23/20 Pending -- -- --
10/22/2020 10/22/20 For Sale $749,000 0.0% $266 / Sq Ft
08/23/2020 08/23/20 Pending -- -- --
07/25/2020 07/25/20 Price Changed $749,000 -2.6% $266 / Sq Ft
07/11/2020 07/11/20 Price Changed $769,000 -1.2% $274 / Sq Ft
07/10/2020 07/10/20 Price Changed $778,500 -0.8% $277 / Sq Ft
06/23/2020 06/23/20 Price Changed $785,000 -0.2% $279 / Sq Ft
06/23/2020 06/23/20 For Sale $786,500 0.0% $280 / Sq Ft
06/13/2020 06/13/20 Pending -- -- --
06/07/2020 06/07/20 For Sale $786,500 0.0% $280 / Sq Ft
07/17/2014 07/17/14 Rented $2,700 -8.5% --
07/17/2014 07/17/14 Under Contract -- -- --
05/13/2014 05/13/14 For Rent $2,950 +9.3% --
05/20/2013 05/20/13 Rented $2,700 -8.5% --
05/20/2013 05/20/13 For Rent $2,950 -- --
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 $5,890 $890,100 $807,500 $82,600
2024 $5,890 $890,100 $807,500 $82,600
2023 $5,674 $1,119,200 $807,500 $311,700
2022 $5,674 $663,700 $440,000 $223,700
2021 $5,307 $627,900 $440,000 $187,900
2020 $5,307 $627,900 $440,000 $187,900
2019 $5,301 $627,900 $440,000 $187,900
2018 $6,983 $645,100 $532,000 $113,100
2017 $6,931 $645,100 $532,000 $113,100
2016 $6,928 $645,100 $532,000 $113,100
2015 $6,827 $645,100 $532,000 $113,100
2014 $6,825 $645,100 $532,000 $113,100
Source: Public Records

Agents Affiliated with this Home

  • Coleen Wright

    Seller's Agent in 2020

    Coleen Wright

    David Weekley Homes

    (704) 309-1700

    3 in this area

    26 Total Sales

    Coleen Wright
    Section Image

  • H

    Buyer's Agent in 2020

    Howard Kaplan

    Lewis And Kirk Realty LLC

    (704) 774-7934

    6 Total Sales

    Howard Kaplan
    Section Image
  • Lisa Marie Mattfield

    Seller's Agent in 2014

    Lisa Marie Mattfield

    EXP Realty LLC Mooresville

    (704) 451-8200

    1 in this area

    44 Total Sales

    Lisa Marie Mattfield
    Section Image
  • Christy Walker

    Seller's Agent in 2013

    Christy Walker

    Premier Sotheby's International Realty

    (704) 201-3962

    37 in this area

    113 Total Sales

    Christy Walker
    Section Image
  • Carolyn Knauer

    Buyer's Agent in 2013

    Carolyn Knauer

    Berkshire Hathaway Homeservices Landmark Prop

    (704) 608-0655

    2 in this area

    45 Total Sales

    Carolyn Knauer
    Section Image
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Map

Source: Canopy MLS

MLS Number: CAR3627771

Canopy MLS

APN: 001-111-05

North Carolina Mecklenburg County Cornelius 28031

21023 Island Forest Dr, Cornelius, NC

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Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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