NOT LISTED FOR SALE

7514 Waterview Dr Cornelius, NC 28031

Estimated Value: $1,894,000 - $2,547,234

2.02 Acres
$1,095,308 Price per Acre
88,122 Sq Ft Lot

Last Sold December 07, 2016

Last sale price $1,300,000 $725 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $13,746/month

12 Days on Market

Highlights

  • Beach Front
  • Docks
  • Deck
  • Bailey Middle School Rated A-
  • 2.02 Acre Lot
  • Private Lot

About This Lot

As of December 2016

Truly amazing one of a kind Lake Norman Waterfront property sitting on over 2 acres (see attached survey). Beautiful wooded, property with over 450 feet of water frontage shoreline, private beach, pier & 3 boat slips. 1980 Cottage style home / 1845 square feet, has been majorly remodeled & is beautiful, charming and very inviting ~ it could be moved, torn down, or lived in while you build your "dream home!" The privacy and serenity of this property is like no other. Dock can be moved, per DUKE.

Last Agent to Sell the Property

Kim Schields

Shields and Associates Brokerage Email: kkschields@gmail.com License #270587 Listed on: 10/06/2016

Last Buyer's Agent

Frank Free

Lake Realty License #139143

Property Details

Property Type

  • Land

Lot Details

  • 2.02 Acre Lot
  • Beach Front
  • Private Lot
  • Wooded Lot
  • Possible uses of the property include Private Estate, Residential
  • Property is zoned GR, Residential Acreage

Schools

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

Additional Features

  • Water Views
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 001-422-09

Community Details

Overview

  • No Home Owners Association

Recreation

  • Docks
  • Deck

Property Details

Property Type

Land

Lot Details

2.02 Acres

Listing Details

  • Property Type: Land
  • Property Sub Type: Acreage
  • Habitable Residence Yn: Yes
  • Road Frontage Type: City Street
  • ResoPropertyType: Land
  • Attribution Contact: kkschields@gmail.com
  • Special Features: None

Interior Features

  • Possible Use: Private Estate, Residential

Exterior Features

  • Exterior Features: Dock
  • View: Water, Year Round
  • Waterfront Features: Boat Slip, Dock
  • Other Structures: None
  • Patio And Porch Features: Deck

Utilities

  • Sewer: Septic Installed
  • Utilities: Electricity Connected
  • Water Source: Well

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Association: No

Schools

  • Middle Or Junior School: Bailey
  • HOA Subject To: None

Lot Info

  • Lot Features: Beach Front, Private, Wooded, Waterfront
  • Lot Size Units: Acres
  • Parcel Number: 001-422-09
  • Lot Size Acres: 2.023
  • Lot Size Sq Ft: 88121
  • Zoning Description: Residential Acreage
  • ResoLotSizeUnits: Acres
  • Zoning Specification: GR

MLS Schools

  • Elementary School: J.V. Washam
  • High School: William Amos Hough

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2016
Closed on
Dec 7, 2016
Sold by
Acks Ronald W and Acks Judith A
Bought by
Block Ii James J and Warberg Kari G
Seller's Agent
Kim Schields
Shields and Associates
Buyer's Agent
Frank Free
Lake Realty
List Price
$1,600,000
Sold Price
$1,300,000
Premium/Discount to List
-$300,000
-18.75%
Current Estimated Value
$2,215,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$915,809
Avg. Annual Appreciation
5.92%
Original Mortgage
$175,000
Outstanding Balance
$141,091
Interest Rate
3.47%
Mortgage Type
Commercial
Estimated Equity
$2,074,718

Purchase Details

Closed on
Nov 1, 2012
Sold by
Broome Hubert Ray
Bought by
Acks Ronald W and Acks Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
2%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 6, 2008
Sold by
Broome Hubert Ray and Broome Pamela Tanner
Bought by
Broome Hubert Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.82%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 22, 2005
Sold by
Broome Enterprises Llc
Bought by
Broome Hubert Ray
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Block Ii James J $1,300,000 Master Title
Acks Ronald W $625,000 None Available
Broome Hubert Ray -- Lenders Title & Escrow
Broome Hubert Ray -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Block Ii James J $175,000
Previous Owner Acks Ronald W $375,000
Previous Owner Broome Hubert Ray $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2016 12/07/16 Sold $1,300,000 -18.8% $725 / Sq Ft
10/18/2016 10/18/16 Pending -- -- --
10/06/2016 10/06/16 For Sale $1,600,000 -- $893 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 -- $2,135,200 $2,065,500 $69,700
2024 -- $2,135,200 $2,065,500 $69,700
2023 $11,465 $2,135,200 $2,065,500 $69,700
2022 $11,465 $1,366,700 $1,300,000 $66,700
2021 $11,465 $1,366,700 $1,300,000 $66,700
2020 $11,505 $1,366,700 $1,300,000 $66,700
2019 $11,499 $1,366,700 $1,300,000 $66,700
2018 $9,670 $894,300 $724,500 $169,800
2017 $9,599 $894,300 $724,500 $169,800
2016 $9,596 $894,300 $724,500 $169,800
2015 $9,458 $894,300 $724,500 $169,800
2014 $9,456 $890,700 $724,500 $166,200
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Kim Schields

    Shields and Associates

    (704) 488-1283

    7 Total Sales

    Kim Schields
    Section Image
  • Frank Free

    Buyer's Agent in 2016

    Frank Free

    Lake Realty

    (704) 201-5262

    1 in this area

    14 Total Sales

    Frank Free
    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3221083

Canopy MLS (Canopy Realtor® Association)

APN: 001-422-09

North Carolina Mecklenburg County Cornelius 28031

7514 Waterview Dr, Cornelius, NC

Not Listed for Sale

Lots

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Based on information submitted to the MLS GRID

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