NOT LISTED FOR SALE

7026 Norman Island Dr Unit 9 Cornelius, NC 28031

Estimated Value: $1,714,000 - $2,413,000

0.77 Acre
$2,585,288 Price per Acre
33,541 Sq Ft Lot

Last Sold April 20, 2021

Last sale price $340,000

Est. 485% increase in value since last sale

Current estimated payment $11,615/month

55 Days on Market

Highlights

  • Access To Lake
  • Community Lake
  • Corner Lot
  • J.V. Washam Elementary School Rated 9+

About This Lot

As of April 2021

TRUE WATER VIEW LOT - Beautiful cleared lot ready for your custom built home. Year round water views of Lake Norman (no one can build on the lot across the street and block your view). Deeded water access to at end of the island with boat launching ramp. Located on public utilities (no septic tank or well needed). Wonderful lakefront community (dog friendly) with no HOA and conveniently close to shopping, dining and more. Walking distance to local grocery store, Harris Teeter! Video link for aerial tour: player.vimeo.com/video/499732208

Last Agent to Sell the Property

Gretel Howell

Allen Tate Lake Norman License #252117 Listed on: 01/15/2021

Allen Tate Lake Norman

Last Buyer's Agent

Lisa Warren

Cottingham Chalk License #274814

Cottingham Chalk

Property Details

Property Type

  • Land

Lot Details

  • Corner Lot
  • Cleared Lot

Listing and Financial Details

  • Assessor Parcel Number 001-033-03

Community Details

Overview

  • Community Lake

Recreation

  • Access To Lake

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.97143
  • Ratio Close Price By Original Li: 0.97143
  • Ratio Current Price By Acre: 441558.44
  • Restrictions: No Representation
  • Special Features: None

Exterior Features

  • Cleared Acres: 0.52

Utilities

  • Sewer: City Sewer
  • Water: City Water

Condo/Co-op/Association

  • Community Features: Lake, Lake Access

Schools

  • Elementary School: J V Washam
  • Middle School: Bailey
  • High School: William Amos Hough

Lot Info

  • Lot Dimension: 141x172x113x159
  • Lot Features: Cleared, Corner Lot, Lake Access, Water view, Year Round View
  • Lot Size Area: 0.770
  • Parcel Number: 001-033-03
  • Zoning Specification: GR

Tax Info

  • Tax Value: 200000.00
  • Tax Location: Mecklenburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2021
Closed on
Apr 16, 2021
Sold by
Koster Francis P and Spaiding Carol S
Bought by
Wolff Robert and Wolff Becky
Seller's Agent
Gretel Howell
Allen Tate Lake Norman
Buyer's Agent
Lisa Warren
Cottingham Chalk
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%
Current Estimated Value
$1,990,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,650,672
Avg. Annual Appreciation
47.73%

Purchase Details

Closed on
Feb 14, 2013
Sold by
Rion Homes Inc
Bought by
Koster Francis P and Spalding Carol S

Purchase Details

Closed on
May 30, 2007
Sold by
White James Albert and White Alice Worrell
Bought by
Rion Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,500
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
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
Wolff Robert $340,000 None Available
Koster Francis P $180,000 None Available
Rion Homes Inc $725,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolff Becky $737,000
Closed Wolff Becky $731,000
Previous Owner Rion Homes Inc $652,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2021 04/20/21 Sold $340,000 -2.9% --
03/11/2021 03/11/21 Pending -- -- --
02/24/2021 02/24/21 For Sale $350,000 0.0% --
01/18/2021 01/18/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $350,000 -- --
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 $9,469 $1,435,400 $343,800 $1,091,600
2023 $9,276 $1,435,400 $343,800 $1,091,600
2022 $2,881 $339,400 $200,000 $139,400
2021 $1,453 $200,000 $200,000 $0
2020 $1,678 $200,000 $200,000 $0
2019 $1,678 $200,000 $200,000 $0
2018 $1,617 $150,000 $150,000 $0
2017 $1,606 $150,000 $150,000 $0
2016 $1,606 $150,000 $150,000 $0
2015 $1,584 $150,000 $150,000 $0
2014 $1,584 $150,000 $150,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3697459

Canopy MLS (Canopy Realtor® Association)

APN: 001-033-03