NOT LISTED FOR SALE

22701 Torrence Chapel Rd Cornelius, NC 28031

Estimated Value: $1,336,000 - $1,730,000

5 Beds
4.5 Baths
4,813 Sq Ft
$322/Sq Ft Est. Value

Last Sold January 24, 2024

Last sale price $1,245,000 $259 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $9,581/month

64 Days on Market

Highlights

  • Water Views
  • In Ground Pool
  • Wooded Lot
  • Bailey Middle School Rated A-
  • Colonial Architecture
  • Wood Flooring

About This Home

As of January 2024

One of a kind in Cornelius! Where else can you find a remodeled home, on over an acre, with a pool and lake views! This gem offers a lifestyle of unparalleled luxury. The bright kitchen is a chef's delight with high-end appliances, a spacious island and walk-in pantry. Great space to entertain with an all-seasons patio overlooking in-ground pool plus a huge game room with wetbar. The main level bedroom and full bath could easily create a MIL suite. The primary suite is a private sanctuary with an exquisite en-suite bathroom and custom closet. Additional bedrooms and baths provide ample space for family and guests. Step into the backyard oasis complete with pool, pool house including full bath, and outdoor gazebo are perfect for relaxation and entertainment. Plus, the Lake Norman views add a touch of serenity. This property offers easy access to the area's best dining, shopping, and LKNs recreational opportunities. Don't miss the chance to make this home your personal paradise. No HOA.

Last Agent to Sell the Property

Nicole Leininger

Ivester Jackson Christie's Brokerage Email: nicole@ivesterjackson.com License #279887 Listed on: 10/20/2023

Last Buyer's Agent

Kyle Scarola

Sail Realty License #324810

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1969

Lot Details

  • Lot Dimensions are 195 x 216 x 203 x 208
  • Back Yard Fenced
  • Level Lot
  • Wooded Lot
  • Property is zoned GR

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Bar Fridge
  • Gas Log Fireplace
  • Sliding Doors
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Screened Porch
  • Water Views
  • Crawl Space
  • Laundry Room

Kitchen

  • Walk-In Pantry
  • Self-Cleaning Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Outdoor Features

  • In Ground Pool
  • Patio
  • Fire Pit
  • Gazebo

Schools

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

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 001-151-43

Home Details

Home Type

Single Family

Year Built

Built in 1969

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Colonial
  • Year Built: 1969
  • Second Living Quarters: Room w/ Private Bath,Other - See Remarks
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 258.67
  • Geocode Confidence: High
  • Attribution Contact: nicole@ivesterjackson.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Pantry, Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2895
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 1918
  • Appliances: Bar Fridge, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Self Cleaning Oven
  • Above Grade Finished Sq Ft: 4813
  • Basement YN: No
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: Sliding Doors
  • Fireplace Features: Family Room, Gas, Gas Log, Living Room
  • Living Area: 4813
  • Bedroom Main: 1

Exterior Features

  • Exterior Features: Fire Pit, In Ground Pool, Storage
  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Fencing: Back Yard, Fenced
  • View: Water
  • Construction Type: Brick Partial
  • Other Structures: Gazebo, Other - See Remarks
  • Patio And Porch Features: Covered, Enclosed, Front Porch, Glass Enclosed, Patio, Porch, Rear Porch, Screened

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage, Garage Door Opener, Garage Faces Side

Utilities

  • Heating: Baseboard, Forced Air
  • Sewer: Public Sewer
  • Laundry Features: Inside, Laundry Room, Main Level
  • Cooling: Heat Pump
  • Water Source: City

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Senior Community: No

Schools

  • Middle Or Junior School: Bailey
  • HOA Subject To: None

Lot Info

  • Lot Features: Level, Wooded, Views
  • Lot Size Units: Acres
  • Parcel Number: 001-151-43
  • Zoning: GR
  • Plat Book Slide: 14/49
  • Lot Size: 195 x 216 x 203 x 208
  • ResoLotSizeUnits: Acres
  • Zoning Specification: GR

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Jan 24, 2024
Sold by
Oz Realty Llc
Bought by
Albrecht Kirsten Elizabeth
Seller's Agent
Nicole Leininger
Ivester Jackson Christie's
Buyer's Agent
Kyle Scarola
Sail Realty
List Price
$1,350,000
Sold Price
$1,245,000
Premium/Discount to List
-$105,000
-7.78%
Views
528
Current Estimated Value
$1,550,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,900
Avg. Annual Appreciation
11.67%
Original Mortgage
$766,550
Outstanding Balance
$751,707
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$799,193

Purchase Details

Closed on
Feb 28, 2013
Sold by
Hall Albert R and Hall Anne G
Bought by
Scarfpin David A and Scarfpin Kelly L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,750
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 9, 2005
Sold by
Wells Fargo Bank Na
Bought by
Hall Albert R and Hall Anne G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,600
Interest Rate
5.77%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 19, 2005
Sold by
Bond Diane Davis and Bond Peter A
Bought by
Wells Fargo Bank Na and Option One Mortgage Loan Trust 2003-3 As

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
5.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2003
Sold by
Bond Thomas E and Bond Lisa P
Bought by
Davis Bond Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
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
Albrecht Kirsten Elizabeth $1,245,000 Investors Title
Scarfpin David A $610,000 None Available
Hall Albert R $462,500 --
Wells Fargo Bank Na $496,330 --
Davis Bond Diane $522,000 The Title Company Of Nc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Albrecht Kirsten Elizabeth $766,550
Previous Owner Scarfpin David A $129,750
Previous Owner Hall Albert R $56,600
Previous Owner Hall Albert R $359,650
Previous Owner Davis Bond Diane $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/24/2024 01/24/24 Sold $1,245,000 -4.2% $259 / Sq Ft
12/01/2023 12/01/23 Price Changed $1,299,999 -3.6% $270 / Sq Ft
11/08/2023 11/08/23 Price Changed $1,349,000 -0.1% $280 / Sq Ft
10/20/2023 10/20/23 For Sale $1,350,000 +36.5% $280 / Sq Ft
08/11/2023 08/11/23 Sold $989,000 0.0% $207 / Sq Ft View Prior Sale
07/09/2023 07/09/23 Pending -- -- --
07/09/2023 07/09/23 For Sale $989,000 -- $207 / 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 -- $1,227,800 $344,900 $882,900
2024 -- $1,004,600 $344,900 $659,700
2023 -- $1,004,600 $344,900 $659,700
2022 $5,471 $639,800 $208,600 $431,200
2021 $5,407 $639,800 $208,600 $431,200
2020 $5,407 $639,800 $208,600 $431,200
2019 $5,401 $639,800 $208,600 $431,200
2018 $6,468 $597,300 $300,000 $297,300
2017 $6,419 $597,300 $300,000 $297,300
2016 $6,416 $597,300 $300,000 $297,300
2015 $6,323 $597,300 $300,000 $297,300
2014 $6,321 $597,300 $300,000 $297,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4078940

Canopy MLS (Canopy Realtor® Association)

APN: 001-151-43