$1,750,000
SOLD OCT 12, 2018

22830 Torrence Chapel Rd Cornelius, NC 28031

6 Beds
5.5 Baths
5,083 Sq Ft
0.53 Acres

Recently Sold

$344 Per Sq Ft

8% Below List Price

38 Days on Market

Highlights

  • Spa
  • Waterfront
  • Engineered Wood Flooring
  • Bailey Middle School Rated A-
  • Community Lake
  • Outdoor Fireplace

About This Home

As of January 2024

INCREDIBLE PANORAMIC VIEWS from nearly every room of this stunning, California inspired home. A custom iron front door welcomes you "home." Accordion, Nano doors along the entire rear of the home offer a much desired, indoor-outdoor living space. The home was redesigned in 2015 and extended to include two additional bedrooms with En Suite bathrooms (total 6 BR 5 1/2 BA). Total 4 car garage separated by a PorteCochere. The redesigned kitchen features an Italian chef range, Sub-Zero refrigerator, True European convection oven, double islands and heating drawer. The perfect home to entertain family and friends with surround sound, gas fire pit, 136' of shoreline and sandy beach. Sophisticated outdoor lighting and mature landscaping. A Michael Phelps Swim Spa is built into a Brazilian, teak platform. The wave propulsion technology offers a great workout or sit back and enjoy the view while the therapeutic jets work their magic. Enjoy the main channel sunrises and sunsets. No HOA dues.

Last Agent to Sell the Property

Scott Knox

Scott Knox Properties LLC License #161703 Listed on: 05/18/2018

Last Buyer's Agent

Pamela Davis

NorthGroup Real Estate LLC License #289722

NorthGroup Real Estate LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1996

Lot Details

  • Waterfront
  • Level Lot
  • Irrigation

Parking

  • Attached Garage
  • Porte-Cochere

Home Design

  • European Architecture
  • Stone Siding

Interior Spaces

  • Gas Log Fireplace
  • Crawl Space

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Attic

  • Attic Fan
  • Pull Down Stairs to Attic

Outdoor Features

  • Spa
  • Outdoor Fireplace

Utilities

  • Well

Community Details

  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 00155113

Home Details

Home Type

Single Family

Year Built

Built in 1996

Lot Details

0

Parking

4

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: European
  • Ratio Close Price By List Price: 0.92348
  • Ratio Close Price By Original Li: 0.92348
  • Ratio Current Price By Acre: 3301886.79
  • Ratio Current Price By Sq Ft: 344.28
  • Year Built: 1996
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Brick, Crawl Space
  • Upper Level Sq Ft: 2841
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6.00
  • Total Bedrooms: 6
  • Equipment: Convection Oven, Cooktop Gas, Disposal, Dishwasher, Electric Dryer Hookup, Gas Range, Refrigerator, Exhaust Hood, Security System, Surround Sound, Natural Gas, Warming Drawer, Electric Oven
  • Fireplace Description: Den, Gas Logs
  • Flooring: Carpet, Prefinished Wood, Tile
  • Interior Amenities: Attic Fan, Attic Stairs Pulldown, Hot Tub, Walk-In Closet(s)
  • Laundry Location: Main, Kitchen
  • Room Count: 2
  • Second Living Quarters: Interior Connected
  • Main Level Sq Ft: 2242
  • Total Sq Ft: 5083
  • Sq Ft Unheated Main: 1227
  • Sq Ft Unheated Total: 1227

Exterior Features

  • Construction: Hard Stucco, Stone
  • Construction Type: Site Built
  • Exterior Features: Hot Tub, In-Ground Irrigation, Outdoor Fireplace, Satellite Internet Available, Porte-cochere

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Driveway, Garage - 4+ Car, Garage Door Opener, Side Load Garage

Utilities

  • Heating: Gas Water Heater, Heat Pump - AC, Heat Pump - Heat, Multizone A/C, MultiZone Heat
  • Sewer: County Sewer
  • Water: Well
  • 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 Dimension: 82'x286'x144'x232'
  • Lot Features: Waterfront, Lake Access, Level, Long Range View, Year Round View
  • Lot Size Area: 0.530
  • Parcel Number: 00155113
  • Plat Book Slide: 22/645
  • Zoning: Residential
  • Zoning Specification: Res

Tax Info

  • Tax Value: 1230100.00
  • Tax Location: Cornelius

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
$3,366,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,585
Avg. Annual Appreciation
5.26%
Original Mortgage
$2,480,000
Outstanding Balance
$2,428,623
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$937,962

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,100,000 Master Title
Warranty Deed $2,800,000 Master Title
Warranty Deed $1,750,000 None Available
Warranty Deed $927,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,480,000 New Conventional
Previous Owner $1,200,000 New Conventional
Previous Owner $90,500 Stand Alone Second
Previous Owner $1,448,000 New Conventional
Previous Owner $1,487,500 New Conventional
Previous Owner $1,200,000 Credit Line Revolving
Previous Owner $1,000,000 Credit Line Revolving
Previous Owner $417,000 Unknown
Previous Owner $187,000 Future Advance Clause Open End Mortgage
Previous Owner $650,000 Fannie Mae Freddie Mac
Previous Owner $100,000 Unknown
Previous Owner $724,800 Unknown
Previous Owner $75,000 Credit Line Revolving
Previous Owner $420,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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
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: CAR3336530

Canopy MLS (Canopy Realtor® Association)

APN: 001-551-13