NOT LISTED FOR SALE

21624 Rio Oro Dr Cornelius, NC 28031

Estimated Value: $951,000 - $1,147,000

3 Beds
2 Baths
1,883 Sq Ft
$547/Sq Ft Est. Value

Last Sold November 28, 2022

Last sale price $875,000 $465 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,970/month

15 Days on Market

Highlights

  • Boat Lift
  • Waterfront
  • Arts and Crafts Architecture
  • Bailey Middle School Rated A-
  • Open Floorplan
  • Wood Flooring

About This Home

As of November 2022

The waterfront oasis you have been waiting for! Located in a quiet cove, just off the main channel, zip to your favorite restaurants by boat in just minutes!

Imagine the crisp, fall evenings spent entertaining friends on your spacious, covered back porch, overlooking LKN. Complete w/ an outdoor kitchen, gas grill and fridge - the outdoor living is simply unparalleled.

Step inside to find a designer home w/ custom finishes + tasteful selections throughout.

Offering three levels, this home provides ample privacy for all styles of living. Enjoy open concept living on the first floor + primary suite on the upper.

Features include: electric dock lift, fenced-in yard w/ an automatic gate to the back, lake-fed irrigation system, new HVAC in 2020, new exterior paint + roof in 2022. Jet ski ramp/lift conveys.

Bahia Bay has a community boat launch with docks + picnic area; neighborhood is convenient to I-77, you won't be sitting in CatawbaAve traffic.

Last Agent to Sell the Property

Kathryn Rudisill

NorthGroup Real Estate LLC License #310537 Listed on: 08/20/2022

NorthGroup Real Estate LLC

Last Buyer's Agent

Non Member

Canopy Administration

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,705

Year Built

  • Built in 1979

Lot Details

  • 9,583 Sq Ft Lot
  • Waterfront
  • Fenced
  • Level Lot
  • Irrigation
  • Property is zoned GR

HOA Fees

  • $6 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Basement Garage
  • Workshop in Garage
  • 3 Open Parking Spaces

Home Design

  • Arts and Crafts Architecture
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Bar Fridge
  • Window Screens
  • Great Room with Fireplace
  • Water Views
  • Basement Fills Entire Space Under The House
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Oven
  • Gas Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Outdoor Features

  • Boat Lift
  • Covered Patio or Porch
  • Outdoor Kitchen

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Community Well
  • Gas Water Heater
  • Septic Tank

Community Details

  • Bahia Bay HOA, Phone Number (704) 674-9440
  • Bahia Bay Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 001-297-06

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,705

Year Built

Built in 1979

Lot Details

0

HOA Fees

$6 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Arts and Crafts
  • Year Built: 1979
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 464.68
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Flooring: Linoleum, Vinyl, Wood
  • Interior Amenities: Attic Other, Breakfast Bar, Kitchen Island, Open Floorplan, Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 888
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 539
  • Appliances: Bar Fridge, Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Oven, Plumbed For Ice Maker, Refrigerator, Wine Refrigerator
  • Above Grade Finished Sq Ft: 1427
  • Has Basement: Basement
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 456
  • Door Features: Screen Door(s)
  • Fireplace Features: Gas, Gas Log, Great Room
  • Living Area: 1883
  • Bedroom Main: 1
  • Room Count: 10
  • Sq Ft Other: 0
  • Bedroom Basement: 1

Exterior Features

  • Exterior Features: In-Ground Irrigation, Outdoor Kitchen
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Fenced
  • View: Water
  • Water Body Name: Lake Norman
  • Waterfront Features: Boat Lift, Boat Ramp – Community, Boat Slip – Community, Lake, Paddlesport Launch Site - Community
  • Exclusions: Chandelier in main level nursery
  • Construction Type: Wood
  • Patio And Porch Features: Covered, Front Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 581
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Parking Features: Garage, Garage Shop, Parking Space(s)

Utilities

  • Heating: Central, Forced Air, Natural Gas
  • Sewer: Septic Installed
  • Laundry Features: In Basement
  • Security: Carbon Monoxide Detector(s)
  • Utilities: Gas
  • Water Source: Community Well, Other - See Remarks

Condo/Co-op/Association

  • Association Fee: 75
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Bahia Bay HOA
  • Phone: 704-674-9440
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually
  • Association Email: info@bahiabayhoa.com

Association/Amenities

  • Association Annual Expense: 75.00

Schools

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

Lot Info

  • Lot Features: Orchard(s), Lake On Property, Level, Waterfront
  • Lot Size Area: 0.22
  • Lot Size Units: Acres
  • Parcel Number: 001-297-06
  • Zoning: GR
  • Plat Book Slide: 14/339
  • Lot Size Acres: 0.22
  • Lot Size: 37,10,147,63,25,153
  • Lot Size Sq Ft: 9583
  • ResoLotSizeUnits: Acres
  • Zoning Specification: GR

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2019
Closed on
Feb 14, 2020
Sold by
Mcsorley Jerome and Mcsorley Shannon S
Bought by
Ritch Dustin and Ritch Chelsea
Seller's Agent
Lisa Cernuto
Mooresville Realty LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$523,000
Sold Price
$490,000
Premium/Discount to List
-$33,000
-6.31%
Current Estimated Value
$1,030,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$540,067
Avg. Annual Appreciation
14.21%
Original Mortgage
$475,300
Outstanding Balance
$422,683
Interest Rate
3.72%
Mortgage Type
New Conventional
Estimated Equity
$607,384

Purchase Details

Closed on
Aug 22, 2011
Sold by
Mcsorley Shannon Speacht and Mcsorley Jerome
Bought by
Mcsorley Shannon S and Mcsorley Jerome

Purchase Details

Closed on
Aug 26, 2005
Sold by
Hipp Carol V
Bought by
Speacht Shannon Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.61%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 24, 2002
Sold by
Hipp Carol V and Hunnicutt Carol H
Bought by
Hipp Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
6.92%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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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
Ritch Dustin $490,000 None Available
Mcsorley Shannon S -- None Available
Speacht Shannon Marie $330,000 Capitol Closings & Title Age
Hipp Carol -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheney Ryan $31,540
Open Ritch Dustin $475,300
Previous Owner Mcsorley Shannon S $150,000
Previous Owner Mcsorley Shannon S $243,000
Previous Owner Speacht Shannon M $352,000
Previous Owner Speacht Shannon Marie $66,000
Previous Owner Speacht Shannon Marie $264,000
Previous Owner Hipp Carol $15,000
Previous Owner Hipp Carol $110,500
Previous Owner Edwards Carol H $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2022 11/28/22 Sold $875,000 0.0% $465 / Sq Ft
09/04/2022 09/04/22 Pending -- -- --
08/30/2022 08/30/22 Price Changed $875,000 -2.2% $465 / Sq Ft
08/20/2022 08/20/22 For Sale $895,000 +82.7% $475 / Sq Ft
02/14/2020 02/14/20 Sold $490,000 -6.3% $252 / Sq Ft
01/07/2020 01/07/20 Pending -- -- --
12/19/2019 12/19/19 For Sale $523,000 -- $269 / 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 $5,705 $861,800 $525,000 $336,800
2024 $5,705 $861,800 $525,000 $336,800
2023 $5,705 $861,800 $525,000 $336,800
2022 $4,006 $467,200 $262,500 $204,700
2021 $3,959 $467,200 $262,500 $204,700
2020 $3,664 $432,000 $262,500 $169,500
2019 $3,658 $432,000 $262,500 $169,500
2018 $4,158 $383,100 $280,000 $103,100
2017 $4,126 $383,100 $280,000 $103,100
2016 $4,122 $383,100 $280,000 $103,100
2015 $4,061 $383,100 $280,000 $103,100
2014 $4,059 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3896574

Canopy MLS (Canopy Realtor® Association)

APN: 001-297-06