NOT LISTED FOR SALE

21636 Rio Oro Dr Cornelius, NC 28031

Estimated Value: $783,952 - $904,000

3 Beds
2 Baths
1,200 Sq Ft
$696/Sq Ft Est. Value

Last Sold September 28, 2021

Last sale price $550,000 $458 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,774/month

Highlights

  • Boat Slip
  • Waterfront
  • Community Lake
  • Bailey Middle School Rated A-
  • Open Floorplan
  • Wood Flooring

About This Home

As of November 2022

What an opportunity to rent a lovely, WATERFRONT LAKE NORMAN home with a BOATSLIP in CORNELIUS for less than many off-lake properties! This private 1-story home on Lake Norman will not last for long! SUNSET VIEWS, boat dock/slip, 3 bd, 2 ba & screened-in porch to enjoy the views! New hot water heater. Encapsulated crawl space. Washer/dryer included! Neighborhood boat ramp. Applicants subject to a thorough screening process by a 3rd party company. Income must exceed 3x’s rent. Firm will not accept 1-year paid “upfront” in lieu of insufficient income. Lease term must be 1-year minimum. Home is rented as it is seen, w/limited exceptions. A portion of the resident's total monthly amount due will be used to have HVAC filters regularly delivered. Please verify all school assignments. Pets conditional, no cats. No smokers. Emotional support animals will be verified by the legal team at Petscreening.com. Applications will not be accepted in “coming soon” status. Office hours 9-5, M-F.

Last Agent to Rent the Property

Nancy DiGioia

Century 21 DiGioia Realty License #260573 Listed on: 08/02/2022

Century 21 DiGioia Realty

Last Renter's Agent

Nancy DiGioia

Century 21 DiGioia Realty License #260573 Listed on: 08/02/2022

Century 21 DiGioia Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,683

Year Built

  • Built in 1980

Lot Details

  • Waterfront
  • Zoning described as GR

Parking

  • Driveway

Home Design

  • Entry on the 1st floor

Interior Spaces

  • Open Floorplan
  • Screened Porch
  • Crawl Space

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Boat Slip

Schools

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

Utilities

  • Forced Air Heating System
  • Community Well
  • Septic Tank

Listing and Financial Details

  • Security Deposit $2,350
  • Property Available on 8/5/22
  • Tenant pays for all utilities
  • 12-Month Minimum Lease Term
  • Assessor Parcel Number 001-297-04

Community Details

Overview

  • Bahia Bay Subdivision
  • Community Lake

Recreation

  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,683

Year Built

Built in 1980

Lot Details

0

Rental Info

  • Tenant Pays: All Utilities
  • Pets Allowed: Conditional
  • Pet Deposit: 35
  • Deposit Security: 2350
  • Smoking Allowed Yn: 0
  • Lease Term: 12 Months
  • Available Date: 2022-08-05

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Rental
  • Year Built: 1980
  • Ratio Current Price By Acre: 10217.39
  • Unit Floor Level: 1
  • Property Sub Type Secondary: 1 Story
  • Road Surface Type: Gravel
  • Structure Type: House
  • ResoPropertyType: ResidentialLease
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Tile, Wood
  • Interior Amenities: Open Floorplan
  • Porch: Back,Screened
  • Appliances: Refrigerator, Washer/Dryer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 0

Exterior Features

  • Roof: Shingle
  • Water Body Name: Lake Norman
  • Waterfront Features: Boat Slip (Deed)

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway

Utilities

  • Heating: Central, Forced Air
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Lake, Recreation Area

Schools

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

Lot Info

  • Lot Features: Water View, Waterfront, Year Round View
  • Lot Size Units: Acres
  • Parcel Number: 001-297-04
  • Zoning Description: GR
  • ResoLotSizeUnits: Acres

Multi Family

  • Unit Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2021
Closed on
Sep 24, 2021
Sold by
Aljancic Abby and Aljancic Michael
Bought by
Hoffmann Sandra M and Hoffmann Glen
Seller's Agent
Sandy McAlpine
RE/MAX Results
Buyer's Agent
Debi Gallo
Southern Homes of the Carolinas, Inc
List Price
$650,000
Sold Price
$550,000
Premium/Discount to List
-$100,000
-15.38%
Current Estimated Value
$835,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,738
Avg. Annual Appreciation
10.80%
Original Mortgage
$440,000
Outstanding Balance
$400,367
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$435,371

Purchase Details

Closed on
Dec 21, 2012
Sold by
Rector Alexandra L
Bought by
Aljancic Michael

Purchase Details

Closed on
Dec 9, 2008
Sold by
Jones Robert L and Jones Judith C
Bought by
Rector Alexandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 2007
Sold by
Dunkel John E and Dunkel Leah S
Bought by
Jones Robert L and Jones Judith C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,800
Interest Rate
6.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2006
Sold by
Novak Nicole D
Bought by
Dunkel John E and Dunkel Leah S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,800
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 31, 2004
Sold by
Lake Lifestyles Llc
Bought by
Novak Nicole D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,800
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2003
Sold by
Taqueta Falls Lp
Bought by
Lake Lifestyles Llc

Purchase Details

Closed on
Apr 11, 2003
Sold by
Yarbrough Robert T and Yarbrough Carolyn M
Bought by
Taqueta Falls Lp

Purchase Details

Closed on
Nov 29, 2000
Sold by
Martin Kenneth A and Martin Sabrina
Bought by
Yarbrough Robert T and Yarbrough Carolyn M

Purchase Details

Closed on
Nov 25, 1997
Sold by
Wade Malcolm B
Bought by
Martin Kenneth A
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
Hoffmann Sandra M $550,000 Atlantic Carolinas Title Llc
Aljancic Michael $205,000 None Available
Rector Alexandra L $400,000 None Available
Jones Robert L $381,000 None Available
Dunkel John E $306,000 None Available
Novak Nicole D $236,000 --
Lake Lifestyles Llc -- --
Taqueta Falls Lp $180,000 --
Yarbrough Robert T $165,000 --
Martin Kenneth A $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffmann Sandra M $440,000
Previous Owner Rector Alexandra L $320,000
Previous Owner Jones Robert L $304,800
Previous Owner Dunkel John E $244,800
Previous Owner Novak Nicole D $188,800
Closed Novak Nicole D $47,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/10/2022 11/10/22 Rented $2,350 0.0% --
10/28/2022 10/28/22 Price Changed $2,350 -4.1% $2 / Sq Ft
10/13/2022 10/13/22 Price Changed $2,450 -5.6% $2 / Sq Ft
09/21/2022 09/21/22 Price Changed $2,595 -3.7% $2 / Sq Ft
08/31/2022 08/31/22 Price Changed $2,695 -3.6% $2 / Sq Ft
08/19/2022 08/19/22 Price Changed $2,795 -3.6% $2 / Sq Ft
08/02/2022 08/02/22 For Rent $2,900 +16.2% --
12/11/2021 12/11/21 Rented $2,495 0.0% --
11/30/2021 11/30/21 Price Changed $2,495 -4.0% $2 / Sq Ft
10/06/2021 10/06/21 For Rent $2,600 0.0% --
09/28/2021 09/28/21 Sold $550,000 -2.7% $452 / Sq Ft View Prior Sale
08/20/2021 08/20/21 Pending -- -- --
08/15/2021 08/15/21 Price Changed $565,000 -1.7% $464 / Sq Ft
07/31/2021 07/31/21 Price Changed $575,000 -3.4% $472 / Sq Ft
07/09/2021 07/09/21 Price Changed $595,000 -5.6% $489 / Sq Ft
07/01/2021 07/01/21 Price Changed $630,000 -1.6% $518 / Sq Ft
06/18/2021 06/18/21 Price Changed $640,000 -1.5% $526 / Sq Ft
05/26/2021 05/26/21 For Sale $650,000 -- $534 / 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 $4,683 $737,800 $525,000 $212,800
2024 $4,683 $706,100 $525,000 $181,100
2023 $4,607 $706,100 $525,000 $181,100
2022 $3,394 $395,200 $262,500 $132,700
2021 $3,355 $395,200 $262,500 $132,700
2020 $3,355 $395,200 $262,500 $132,700
2019 $3,349 $395,200 $262,500 $132,700
2018 $3,440 $316,500 $224,000 $92,500
2017 $3,413 $316,500 $224,000 $92,500
2016 $3,409 $316,500 $224,000 $92,500
2015 $3,358 $316,500 $224,000 $92,500
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3887177

Canopy MLS (Canopy Realtor® Association)

APN: 001-297-04