NOT LISTED FOR SALE

21520 Rio Oro Dr Cornelius, NC 28031

Estimated Value: $797,000 - $1,481,825

3 Beds
2 Baths
1,453 Sq Ft
$747/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $725,000 $499 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $6,439/month

35 Days on Market

Highlights

  • Pier
  • Waterfront
  • Wood Flooring
  • Bailey Middle School Rated A-
  • Deck
  • Cottage

About This Home

As of September 2023

Lake Norman waterfront bungalow with a permitted dock in your back yard! Awesome opportunity in Cornelius!
This home sits in a quiet cove right off of the main channel. Home includes private deeded dock for boat & short walk away within the Bahia Bay neighborhood, you will also enjoy access to a large, privately deeded waterfront park. The well kept gated park features a boat ramp, day dock and picnic area.
If you have always dreamed of living on Lake Norman this is your opportunity to renovate your dream home. Endless possibilities! Home is being sold "as is where is" Buyers are welcome to do inspections. There will be no repairs. Home has city sewer connection available.

Last Agent to Sell the Property

Angela Morton

Piedmont Properties & Realty LLC Brokerage Email: amorton3@gmail.com License #331856 Listed on: 05/04/2023

Last Buyer's Agent

Stephen Pierce

EXP Realty LLC Mooresville License #288431

EXP Realty LLC Mooresville

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,269

Year Built

  • Built in 1976

Lot Details

  • Lot Dimensions are 144x84x150x63
  • Waterfront
  • Back Yard Fenced
  • Property is zoned GR

HOA Fees

  • $6 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Cottage
  • Bungalow
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Insulated Windows
  • Living Room with Fireplace
  • Wood Flooring
  • Water Views
  • Crawl Space
  • Washer Hookup

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Pier
  • Access To Lake
  • Deck

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Community Well
  • Septic Tank

Community Details

  • Association Phone (780) 672-3471
  • Bahia Bay Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 001-297-16

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,269

Year Built

Built in 1976

Lot Details

0

HOA Fees

$6 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow, Cottage
  • Year Built: 1976
  • Special Assessment Yn: 0
  • Road Surface Type: Dirt, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 498.97
  • Geocode Confidence: High
  • Attribution Contact: amorton3@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Wood
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1453
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 198
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 198
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Refrigerator
  • Above Grade Finished Sq Ft: 1453
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Fireplace Features: Living Room
  • Living Area: 1453
  • Window Features: Insulated Window(s)
  • Bedroom Main: 3
  • Room Count: 8

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Fencing: Back Yard
  • View: Water
  • Water Body Name: Lake Norman
  • Waterfront Features: Boat Slip – Community, Dock, Pier
  • Construction Type: Wood
  • Patio And Porch Features: Deck

Garage/Parking

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

Utilities

  • Heating: Forced Air
  • Sewer: Septic Installed
  • Laundry Features: Washer Hookup
  • Cooling: Central Air
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Lake Access
  • Association Fee: 75
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Phone: 780-672-3471
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 75.00

Schools

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

Lot Info

  • Lot Features: Waterfront
  • Lot Size Area: 0.24
  • Lot Size Units: Acres
  • Parcel Number: 001-297-16
  • Zoning: GR
  • Lot Size: 144x84x150x63
  • ResoLotSizeUnits: Acres
  • Zoning Specification: GR

Green Features

  • Green Verification Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2025
Sold by
Basnett Michael James and Pierce Mccaslin Elizabeth
Bought by
Michael J Basnett And Mccaslin E Pierce Trust and Basnett
Total Days on Market
35
Current Estimated Value
$1,084,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Outstanding Balance
$980,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
-$97,042

Purchase Details

Listed on
May 4, 2023
Closed on
Sep 8, 2023
Sold by
Mclaurin Amos Dewey
Bought by
Basnett Michael James and Pierce Mccaslin Elizabeth
Seller's Agent
Angela Morton
Piedmont Properties & Realty LLC
Buyer's Agent
Stephen Pierce
EXP Realty LLC Mooresville
List Price
$925,000
Sold Price
$725,000
Premium/Discount to List
-$200,000
-21.62%
Views
50

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.81%
Original Mortgage
$688,750
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2018
Sold by
Mclaurin Amos Dewey and Mclaurin Hazel Stella
Bought by
Mclaurin Amos Dewey

Purchase Details

Closed on
Sep 25, 1974
Bought by
Mclaurin Amos Dewey
Source: Public Records

Range of Values:

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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
Michael J Basnett And Mccaslin E Pierce Trust -- None Listed On Document
Basnett Michael James -- None Listed On Document
Mclaurin Amos Dewey -- None Available
Mclaurin Amos Dewey -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Basnett Michael James $980,000
Previous Owner Basnett Michael James $688,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $725,000 -18.1% $499 / Sq Ft
06/09/2023 06/09/23 Pending -- -- --
06/03/2023 06/03/23 Price Changed $885,000 -4.3% $609 / Sq Ft
05/04/2023 05/04/23 For Sale $925,000 -- $637 / 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 $6,269 $947,800 $750,000 $197,800
2022 $4,507 $526,300 $375,000 $151,300
2021 $4,455 $526,300 $375,000 $151,300
2020 $4,455 $526,300 $375,000 $151,300
2019 $4,449 $526,300 $375,000 $151,300
2018 $5,557 $512,500 $420,000 $92,500
2017 $5,515 $512,500 $420,000 $92,500
2016 $5,513 $512,500 $420,000 $92,500
2015 $5,433 $512,500 $420,000 $92,500
2014 $5,431 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4022664

Canopy MLS (Canopy Realtor® Association)

APN: 001-297-16