NOT LISTED FOR SALE

7478 Bankhead Rd Denver, NC 28037

Estimated Value: $390,000 - $1,490,000

3 Beds
4 Baths
2,925 Sq Ft
$384/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $1,199,000 $410 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $6,551/month

5 Days on Market

Highlights

  • Waterfront
  • Open Floorplan
  • Vaulted Ceiling
  • Sherrills Ford Elementary School Rated A-
  • Deck
  • Outdoor Fireplace

About This Home

As of June 2023

Lake Norman Log Home in Quiet Denver Cove!

This stunning waterfront home on almost an acre with more than 382’ of shoreline is the perfect place to spend all day every day. Enjoy water views from just about every space on the main level as well as the living space on the lower level. Abundant natural light pours through the windows and doors on all three levels.

Perfect for entertaining, from the spacious kitchen which opens to the dining area and great room with vaulted ceilings and exposed beams to the expansive covered back deck featuring a wood-burning fireplace and outdoor speakers. The lower level living space includes surround sound as well.

The substantial primary bedroom located on the main level features views of the lake, a sizable bathroom and two walk-in closets. The upper and lower levels both include an additional bedroom and a full bathroom.

Live life to the fullest in this gorgeous log home on Lake Norman!

Last Agent to Sell the Property

Jessica Wynne Vogel

Carolinas Advantage Real Estate Brokerage Email: Wynne@1PercentLists.com License #276730 Listed on: 05/18/2023

Last Buyer's Agent

Angela Jenkins

Carolina Buyer's Agent License #325142

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $5,204

Year Built

  • Built in 2014

Lot Details

  • Waterfront
  • Irrigation

Parking

  • 1 Car Attached Garage
  • Basement Garage
  • Rear-Facing Garage
  • Circular Driveway

Home Design

  • Log Siding

Interior Spaces

  • 1.5-Story Property
  • Open Floorplan
  • Sound System
  • Vaulted Ceiling
  • Great Room with Fireplace
  • Wood Flooring
  • Water Views
  • Home Security System
  • Laundry Room

Kitchen

  • Oven
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet
  • 4 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Basement Storage
  • Natural lighting in basement

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Outdoor Fireplace

Schools

  • Sherrills Ford Elementary School
  • Mill Creek Middle School
  • Bandys High School

Utilities

  • Central Air
  • Air Filtration System
  • Heat Pump System
  • Water Softener
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4606033409580000

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$5,204

Year Built

Built in 2014

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2014
  • Restrictions: No Representation
  • Road Surface Type: Concrete
  • Unit Levels: One and One Half
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 409.91
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: Wynne@1PercentLists.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Kitchen Island, Open Floorplan, Split Bedroom, Storage, Vaulted Ceiling(s), Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1582
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 352
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 352
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 277
  • Appliances: Dishwasher, Filtration System, Oven, Water Softener
  • Other Equipment: Fuel Tank(s), Surround Sound
  • Above Grade Finished Sq Ft: 1859
  • Has Basement: Basement Garage Door, Daylight, Exterior Entry, Partially Finished, Storage Space, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1066
  • Fireplace Features: Gas, Great Room, Outside
  • Living Area: 2925
  • Bedroom Main: 2
  • Room Count: 14
  • Bedroom Basement: 1
  • Bedroom Third: 0

Exterior Features

  • Exterior Features: In-Ground Irrigation
  • New Construction: No
  • Construction Type: Off Frame Modular
  • View: Water
  • Water Body Name: Lake Norman
  • Waterfront Features: Dock
  • Exclusions: TV Mounts in Living/Bonus space and bedroom on lower level, Life Jacket Mount in Garage, and Jet Ski Lift Do Not Convey.
  • Construction Type: Log
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Circular Driveway, Driveway, Attached Garage, Garage Faces Rear

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Laundry Room, Main Level
  • Security: Security System
  • Cooling: Central Air
  • Water Source: Well

Condo/Co-op/Association

  • Complex Name: None
  • Senior Community: No

Schools

  • Middle Or Junior School: Mill Creek
  • HOA Subject To: None

Lot Info

  • Lot Features: Waterfront
  • Lot Size Area: 0.92
  • Lot Size Units: Acres
  • Parcel Number: 4606033409580000
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-30

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Sherrills Ford
  • High School: Bandys

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2023
Sold by
Saxton Jeffrey and Saxton Gina
Bought by
Sax10 Properties Llc
Current Estimated Value
$1,122,602

Purchase Details

Closed on
Sep 7, 2016
Sold by
Frank Difilippo
Bought by
Cartee Brandon and Cartee Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
3.46%

Purchase Details

Listed on
Dec 12, 2012
Closed on
May 3, 2013
Sold by
Harris Richard E and Harris Joann
Bought by
Cartee Brandon and Cartee Laura
Seller's Agent
Carol Hamilton
Lake Norman Realty, Inc.
Buyer's Agent
Marcia Herring
Allen Tate Lake Norman
List Price
$174,900
Sold Price
$146,900
Premium/Discount to List
-$28,000
-16.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.42%
Original Mortgage
$50,000
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2005
Sold by
Davis Clyde Scott and Davis Carri D
Bought by
Harris Richard E and Harris Joann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2003

Purchase Details

Closed on
Apr 30, 2003

Purchase Details

Closed on
Dec 8, 1986
Source: Public Records

Range of Values:

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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
Sax10 Properties Llc -- None Listed On Document
Cartee Brandon -- --
Cartee Brandon $147,000 None Available
Harris Richard E $160,000 None Available
-- $105,000 --
-- $90,000 --
-- $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cartee Brandon $144,000
Previous Owner Cartee Brandon --
Previous Owner Cartee Bradon $354,459
Previous Owner Cartee Brandon $50,000
Previous Owner Harris Richard E $138,000
Previous Owner Harris Richard E $136,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2023 06/29/23 Sold $1,199,000 0.0% $410 / Sq Ft
05/18/2023 05/18/23 For Sale $1,199,000 +716.2% $410 / Sq Ft
05/03/2013 05/03/13 Sold $146,900 -16.0% --
03/13/2013 03/13/13 Pending -- -- --
12/12/2012 12/12/12 For Sale $174,900 -- --
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 $5,204 $1,056,600 $487,600 $569,000
2024 $5,204 $1,056,600 $487,600 $569,000
2023 $5,098 $437,300 $132,600 $304,700
2022 $3,083 $437,300 $132,600 $304,700
2021 $3,083 $437,300 $132,600 $304,700
2020 $3,083 $437,300 $132,600 $304,700
2019 $3,083 $437,300 $0 $0
2018 $2,515 $367,200 $132,600 $234,600
2017 $2,515 $0 $0 $0
2016 $2,515 $0 $0 $0
2015 $13,664 $367,230 $132,600 $234,630
2014 $790 $131,700 $131,700 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4029922

Canopy MLS (Canopy Realtor® Association)

APN: 4606033409580000