NOT LISTED FOR SALE

21534 Lake Point Ln Cornelius, NC 28031

Estimated Value: $1,291,276 - $1,472,000

4 Beds
3 Baths
3,058 Sq Ft
$449/Sq Ft Est. Value

Last Sold May 19, 2021

Last sale price $1,000,000 $327 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $7,852/month

1 Day on Market

Highlights

  • Waterfront
  • Community Lake
  • Ranch Style House
  • Bailey Middle School Rated A-
  • Private Lot
  • Attached Garage

About This Home

As of May 2021

Welcome home to this, one-of-a-kind, full brick ranch situated on a quiet deep water cove on gorgeous Lake Norman. This retreat-like custom built home, featuring 4 bedrooms and 3 bathrooms is sure to impress. With a walkout basement on your own private beach, deep water boat dock and stunning lake views. Enclosed screened sunroom, upper level deck with an additional covered patio perfect for relaxing and entertaining all your guests. No HOA with city sewer and water. Amazing lot with endless opportunities. 2-car garage is located on left side of house down the driveway underneath main floor, currently used as a rec room. This is a must see home!

Last Agent to Sell the Property

John Pedone

EXP Realty LLC Mooresville License #292358 Listed on: 03/31/2021

EXP Realty LLC Mooresville

Co-Listed By

Bryan Saldarini

EXP Realty LLC Mooresville License #270892

Last Buyer's Agent

Chris Zoghby

Real Broker, LLC License #292858

Real Broker, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1983

Lot Details

  • Waterfront
  • Private Lot
  • Level Lot
  • Many Trees

Parking

  • Attached Garage

Home Design

  • Ranch Style House

Interior Spaces

  • 3 Full Bathrooms
  • Wood Burning Fireplace

Outdoor Features

  • Fire Pit

Community Details

  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 001-431-51

Home Details

Home Type

Single Family

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Ranch
  • Ratio Close Price By List Price: 0.93023
  • Ratio Close Price By Original Li: 0.93023
  • Ratio Current Price By Acre: 2083333.33
  • Ratio Current Price By Sq Ft: 327.01
  • Year Built: 1983
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Equipment: Ceiling Fan(s), Cooktop Electric
  • Fireplace Description: FAMILYRM, Wood Burning
  • Fireplace: Yes
  • Laundry Location: Main
  • Room Count: 2
  • Lower Level Sq Ft: 983
  • Main Level Sq Ft: 2075
  • Total Sq Ft: 3058

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Exterior Features: Fire pit

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car

Utilities

  • Heating: Central Air
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Lake

Schools

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

Lot Info

  • Lot Features: Cul-de-sac Lot, Lake Access, Level, Private, Trees, Views, Water view, Waterfront, Winter View, Year Round View
  • Lot Size Area: 0.480
  • Parcel Number: 001-431-51
  • Zoning Specification: GR

Tax Info

  • Tax Value: 816200.00
  • Tax Location: Cornelius

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2021
Closed on
May 19, 2021
Sold by
Foutch Wallace G and Foutch April L
Bought by
Zimmer Marc and Sagi Kavitha R
Seller's Agent
John Pedone
EXP Realty LLC Mooresville
Buyer's Agent
Chris Zoghby
Real Broker, LLC
List Price
$1,075,000
Sold Price
$1,000,000
Premium/Discount to List
-$75,000
-6.98%
Current Estimated Value
$1,372,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$372,819
Avg. Annual Appreciation
7.43%
Original Mortgage
$800,000
Outstanding Balance
$725,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$647,819

Purchase Details

Closed on
May 14, 2019
Sold by
Lambiotte Ann L and Foutch Ann L
Bought by
Foutch Wallace G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,600
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2004
Sold by
Wolter Charles John and Wolter Karen K
Bought by
Foutch Ii Wallace G and Foutch Ann L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage
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
Zimmer Marc $1,000,000 Title Company Of Nc
Foutch Wallace G -- None Available
Foutch Ii Wallace G $535,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zimmer Marc $800,000
Previous Owner Foutch Wallace G $380,600
Previous Owner Foutch Ii Wallace G $428,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2021 05/19/21 Sold $1,000,000 -7.0% $327 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $1,075,000 -- $352 / 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
2025 $6,806 $1,029,700 $880,000 $149,700
2024 $6,806 $1,029,700 $880,000 $149,700
2023 $6,698 $1,029,700 $880,000 $149,700
2022 $6,968 $816,200 $560,000 $256,200
2021 $6,887 $816,200 $560,000 $256,200
2020 $6,887 $816,200 $560,000 $256,200
2019 $6,881 $816,200 $560,000 $256,200
2018 $5,793 $534,700 $350,000 $184,700
2017 $5,749 $534,700 $350,000 $184,700
2016 $5,746 $534,700 $350,000 $184,700
2015 $5,662 $534,700 $350,000 $184,700
2014 $5,660 $534,700 $350,000 $184,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3722811

Canopy MLS (Canopy Realtor® Association)

APN: 001-431-51