NOT LISTED FOR SALE

7501 Norman Island Dr Cornelius, NC 28031

Estimated Value: $1,816,000 - $2,172,000

3 Beds
2 Baths
3,007 Sq Ft
$657/Sq Ft Est. Value

Last Sold July 27, 2018

Last sale price $935,000 $311 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $11,570/month

4 Days on Market

Highlights

  • Waterfront
  • Open Floorplan
  • Cathedral Ceiling
  • Bailey Middle School Rated A-
  • Transitional Architecture
  • Wood Flooring

About This Home

As of July 2018

Long views and natural light abound in this lakefront home on almost an acre level lot. This quiet cove is home to an open boat house with electric lift large enough for tri-toon boat. New EnDeck pier & boat house finished in 2016. Dock lights on automatic timers. Natural gas grill. New sea wall completed in 2017 with steps to swimming area. Beach for lounging & entertaining. Roll out awning shades the newly stained deck. Fenced backyard. Kitchen features updated countertops & appliances. Hardwoods throughout the main level & under carpet. Large bonus room upstairs with endless possibilities. Great remodel opportunity! Architectual concept drawings available. Walk to shopping & restaurants. House sits way off road and is very tranquil. AT&T cable available.

Last Agent to Sell the Property

Eddie Lynn Finch

Cottingham Chalk License #114262 Listed on: 06/08/2018

Cottingham Chalk

Co-Listed By

Carol T. Miller

Cottingham Chalk License #134580

Last Buyer's Agent

Gale Howard

Southern Homes of the Carolinas, Inc License #233825

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1986

Lot Details

  • Waterfront
  • Level Lot

Parking

  • Attached Garage
  • Gravel Driveway

Home Design

  • Transitional Architecture
  • Stone Siding

Interior Spaces

  • Open Floorplan
  • Cathedral Ceiling
  • Skylights
  • Gas Log Fireplace
  • Window Treatments
  • Crawl Space
  • Storm Doors
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Outdoor Gas Grill

Utilities

  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 001-531-31
  • Tax Block L8

Home Details

Home Type

Single Family

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story
  • Architectural Style: Transitional
  • Ratio Close Price By List Price: 0.94924
  • Ratio Close Price By Original Li: 0.94924
  • Ratio Current Price By Acre: 1140243.90
  • Ratio Current Price By Sq Ft: 310.94
  • Year Built: 1986
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 572
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Doors and Windows: Storm Door(s)
  • Equipment: Ceiling Fan(s), Convection Oven, Cooktop Gas, Disposal, Dishwasher, Electric Dryer Hookup, Gas Range, Ice Maker Connection, Network Ready, Refrigerator, Self Cleaning Oven, Washer, Downdraft Cooktop, Electric Oven
  • Fireplace Description: FAMILYRM, Gas Logs, Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Other, Cable Available, Cathedral Ceiling(s), Kitchen Island, Open Floorplan, Skylight(s), Vaulted Ceiling, Walk-In Closet(s), Window Treatments
  • Laundry Location: Main, Closet, Utility Room
  • Room Count: 2
  • Main Level Sq Ft: 2435
  • Total Sq Ft: 3007
  • Sq Ft Unheated Main: 660
  • Sq Ft Unheated Total: 660

Exterior Features

  • Construction: Cedar Shake, Stone
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, In-Ground Gas Grill
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Concrete, Gravel
  • Parking: Attached Garage, Garage - 2 Car, Keypad Entry

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Multizone A/C, MultiZone Heat, Natural Gas
  • Sewer: Septic Tank
  • Water: City Water
  • Water Heater: Gas

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: 131x474x91x364
  • Lot Features: Level, Waterfront
  • Lot Size Area: 0.820
  • Parcel Number: 001-531-31
  • Zoning Specification: GR

Tax Info

  • Tax Value: 753400.00
  • Tax Block: L8
  • Tax Location: Mecklenburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2018
Closed on
Jul 27, 2018
Sold by
Miller William Ray and Miller Carol T
Bought by
Decker David A
Seller's Agent
Eddie Lynn Finch
Cottingham Chalk
Buyer's Agent
Gale Howard
Southern Homes of the Carolinas, Inc
List Price
$985,000
Sold Price
$935,000
Premium/Discount to List
-$50,000
-5.08%
Current Estimated Value
$1,935,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,000,122
Avg. Annual Appreciation
11.60%
Original Mortgage
$841,500
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 12, 2013
Sold by
Piercy Kathryn M
Bought by
Miller William Ray and Miller Carol T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 30, 1986
Bought by
Piercy Kathryn M
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Decker David A $935,000 None Available
Miller William Ray $775,500 None Available
Piercy Kathryn M $72,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Decker David A $830,000
Closed Decker David A $841,500
Previous Owner Miller William Ray $417,000
Previous Owner Miller William Ray $203,000
Previous Owner Piercy Kathryn M $233,000
Previous Owner Piercy Kathryn M $203,000
Previous Owner Piercy Kathryn M $100,000
Previous Owner Piercy Kathryn M $200,000
Previous Owner Piercy Kathryn M $100,000
Previous Owner Piercy Kathryn M $200,000
Previous Owner Piercy Kathryn M $60,000
Previous Owner Piercy Kathryn M $199,000
Previous Owner Piercy Kathryn M $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2018 07/27/18 Sold $935,000 -5.1% $311 / Sq Ft
06/12/2018 06/12/18 Pending -- -- --
06/08/2018 06/08/18 For Sale $985,000 -- $328 / 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
2023 $11,696 $1,803,100 $1,350,000 $453,100
2022 $8,144 $954,700 $650,000 $304,700
2021 $8,048 $954,700 $650,000 $304,700
2020 $7,137 $846,100 $650,000 $196,100
2019 $7,131 $846,100 $650,000 $196,100
2018 $8,151 $753,400 $525,000 $228,400
2017 $8,091 $753,400 $525,000 $228,400
2016 $8,087 $753,400 $525,000 $228,400
2015 -- $753,400 $525,000 $228,400
2014 $7,969 $753,400 $525,000 $228,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3400393

Canopy MLS (Canopy Realtor® Association)

APN: 001-531-31