NOT LISTED FOR SALE

22830 Torrence Chapel Rd Cornelius, NC 28031

Estimated Value: $3,144,389 - $3,700,000

6 Beds
5.5 Baths
5,083 Sq Ft
$677/Sq Ft Est. Value

Last Sold January 16, 2024

Last sale price $3,100,000 $610 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $19,375/month

54 Days on Market

Highlights

  • Beach Front
  • Covered Dock
  • Boat Lift
  • Bailey Middle School Rated A-
  • Pier
  • Open Floorplan

About This Home

As of January 2024

Fabulously appointed and recently updated Lake Norman home with panoramic views. Private, yet convenient to everything. Wall of windows and doors allows for bringing the outside in on those wonderful fall and spring days. Great home for entertaining on the covered porch with heaters and a television for enjoying sports on cool evenings. Kitchen improvements include quartz countertops on double islands, refreshed white cabinets, new stainless vent-a-hood, main floor trim moulding and paint, new hardwoods on main, newly refinished floors upstairs, new LG washer/dryer, newly renovated powder room, Many new fixtures, faucets and hardware, new stationary dock recently added, and new 12,000 lb lift. Expanded irrigation to cover garden areas, and so much more. 6th bedroom can be secondary living quarters with it's own laundry area. Enjoy sunrises from the back of your home with cooler summer afternoons, and sunsets from the front with circular drive, 2 double garages and a Porte-cochere.

Last Agent to Sell the Property

Debbie Monroe

Lake Norman Realty, Inc. Brokerage Email: debbiem@lakenormanrealty.com License #106258 Listed on: 09/08/2023

Lake Norman Realty, Inc.

Co-Listed By

Christine Pandolf

Premier South Brokerage Email: debbiem@lakenormanrealty.com License #328260

Last Buyer's Agent

Debbie Monroe

Lake Norman Realty, Inc. Brokerage Email: debbiem@lakenormanrealty.com License #106258 Listed on: 09/08/2023

Lake Norman Realty, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1996

Lot Details

  • Beach Front
  • Back Yard Fenced
  • Electric Fence
  • Irrigation
  • Property is zoned GR

Parking

  • 4 Car Garage
  • Porte-Cochere
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Transitional Architecture
  • Stone Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Bar Fridge
  • Tray Ceiling
  • Gas Log Fireplace
  • Insulated Windows
  • Sliding Doors
  • Insulated Doors
  • Family Room with Fireplace
  • Water Views
  • Crawl Space
  • Pull Down Stairs to Attic
  • Home Security System

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Down Draft Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level
  • Washer and Dryer

Accessible Home Design

  • Raised Toilet

Outdoor Features

  • Pier
  • Boat Lift
  • Covered Dock
  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Generator Hookup
  • Tankless Water Heater
  • Cable TV Available

Community Details

  • Knox Landing Subdivision

Listing and Financial Details

  • Assessor Parcel Number 001-551-13

Home Details

Home Type

Single Family

Year Built

Built in 1996

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Transitional
  • Year Built: 1996
  • Second Living Quarters: Interior Connected
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 609.88
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: debbiem@lakenormanrealty.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Stairs Pulldown, Cable Prewire, Kitchen Island, Open Floorplan, Tray Ceiling(s), Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2242
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 2841
  • Appliances: Bar Fridge, Dishwasher, Disposal, Down Draft, Gas Cooktop, Gas Oven, Microwave, Plumbed For Ice Maker, Refrigerator, Tankless Water Heater, Washer/Dryer
  • Other Equipment: Generator Hookup
  • Above Grade Finished Sq Ft: 5083
  • Accessibility Features: Bath Raised Toilet
  • Basement YN: No
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: Insulated Door(s), Sliding Doors
  • Fireplace Features: Family Room, Gas Log
  • Living Area: 5083
  • Window Features: Insulated Window(s)
  • Bedroom Main: 1
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • Exterior Features: Dock, In-Ground Irrigation, Porte-cochere
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Back Yard, Electric
  • View: Long Range, Water, Year Round
  • Water Body Name: Lake Norman
  • Waterfront Features: Beach - Private, Boat Lift, Covered structure, Dock, Pier
  • Construction Type: Hard Stucco, Stone
  • Patio And Porch Features: Covered, Deck

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Circular Driveway, Attached Garage, Detached Garage, Garage Door Opener

Utilities

  • Heating: Electric, Heat Pump, Zoned
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room, Main Level, Multiple Locations, Upper Level
  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air, Electric, Heat Pump, Zoned
  • Utilities: Cable Available, Electricity Connected, Gas, Underground Power Lines
  • Water Source: Well

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: Beach Front, Waterfront
  • Lot Size Units: Acres
  • Parcel Number: 001-551-13
  • Zoning: GR
  • 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
Sep 8, 2023
Closed on
Jan 10, 2024
Sold by
Schulze George
Bought by
Lytle Cheri R and Childers Clarence J
Seller's Agent
Debbie Monroe
Lake Norman Realty, Inc.
Buyer's Agent
Debbie Monroe
Lake Norman Realty, Inc.
List Price
$3,395,000
Sold Price
$3,100,000
Premium/Discount to List
-$295,000
-8.69%
Views
117
Current Estimated Value
$3,440,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,463
Avg. Annual Appreciation
5.32%
Original Mortgage
$2,480,000
Outstanding Balance
$2,425,788
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$1,014,675

Purchase Details

Listed on
Jul 10, 2021
Closed on
Sep 9, 2021
Sold by
Lynch Joseph and Lynch Sarah
Bought by
Schulze Charles
Seller's Agent
Pamela Davis
NorthGroup Real Estate LLC
Buyer's Agent
Bob Crowley
EXP Realty LLC
List Price
$3,175,000
Sold Price
$2,800,000
Premium/Discount to List
-$375,000
-11.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.43%
Original Mortgage
$1,200,000
Interest Rate
2.35%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 18, 2018
Closed on
Aug 30, 2018
Sold by
Hettiarachchi Janaka and Hettiarachchi Catharina
Bought by
Lynch Joseph and Lynch Sarah
Seller's Agent
Scott Knox
Scott Knox Properties LLC
Buyer's Agent
Pamela Davis
NorthGroup Real Estate LLC
List Price
$1,895,000
Sold Price
$1,750,000
Premium/Discount to List
-$145,000
-7.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.53%
Original Mortgage
$1,487,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2005
Sold by
Mckee Christopher B and Mckee Tracey W
Bought by
Hettiarachchi Catharina and Hettiarachchi Janaka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lytle Cheri R $3,100,000 Master Title
Schulze Charles $2,800,000 Master Title
Lynch Joseph $1,750,000 None Available
Hettiarachchi Catharina $927,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lytle Cheri R $2,480,000
Previous Owner Schulze Charles $1,200,000
Previous Owner Lynch Joseph $1,487,500
Previous Owner Hettiarachchi Catharina $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/16/2024 01/16/24 Sold $3,100,000 -5.9% $610 / Sq Ft
11/02/2023 11/02/23 Pending -- -- --
10/20/2023 10/20/23 Price Changed $3,295,000 -2.9% $648 / Sq Ft
09/08/2023 09/08/23 For Sale $3,395,000 +21.3% $668 / Sq Ft
09/09/2021 09/09/21 Sold $2,800,000 -11.8% $551 / Sq Ft View Prior Sale
07/24/2021 07/24/21 Pending -- -- --
07/10/2021 07/10/21 For Sale $3,175,000 +81.4% $625 / Sq Ft
10/12/2018 10/12/18 Sold $1,750,000 -7.7% $344 / Sq Ft View Prior Sale
06/26/2018 06/26/18 Pending -- -- --
05/18/2018 05/18/18 For Sale $1,895,000 -- $373 / 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 $18,759 $2,851,200 $1,595,000 $1,256,200
2024 $18,759 $2,851,200 $1,595,000 $1,256,200
2023 $18,759 $2,851,200 $1,595,000 $1,256,200
2022 $15,502 $1,821,500 $1,015,000 $806,500
2021 $15,320 $1,821,500 $1,015,000 $806,500
2020 $15,320 $1,821,500 $1,015,000 $806,500
2019 $15,314 $1,821,500 $1,015,000 $806,500
2018 $13,332 $1,230,000 $700,000 $530,000
2017 $13,195 $1,230,100 $700,000 $530,100
2016 $13,190 $1,230,000 $700,000 $530,000
2015 $13,002 $1,101,400 $700,000 $401,400
2014 $11,642 $1,087,700 $700,000 $387,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4065523

Canopy MLS (Canopy Realtor® Association)

APN: 001-551-13