NOT LISTED FOR SALE

7541 Norman Island Dr Cornelius, NC 28031

Estimated Value: $919,000 - $1,263,860

4 Beds
3.5 Baths
2,666 Sq Ft
$429/Sq Ft Est. Value

Last Sold March 20, 2018

Last sale price $510,000 $191 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $6,775/month

119 Days on Market

Highlights

  • In Ground Pool
  • Open Floorplan
  • Engineered Wood Flooring
  • Bailey Middle School Rated A-
  • Ranch Style House
  • Attic

About This Home

As of March 2018

Beautiful ranch home w/ bonus room & heated in-ground swimming pool located in Cornelius on 2.5 acres. A short walk to Lake Norman & close to Birkdale Village. Open floor plan perfect for entertaining feat. large kitchen & breakfast area that open to great room w/gas log fireplace & formal dining room. Large master BR suite & bath w/ soaking tub, shower & tile floors, Upstairs bonus/BR w/ closet & full bath. Partially fenced yard & storage building. Large garage & lots of parking options.

Last Agent to Sell the Property

Thomas Elrod

Keller Williams Ballantyne Area License #268537 Listed on: 09/19/2017

Keller Williams Ballantyne Area

Co-Listed By

Brian Boger

Keller Williams Ballantyne Area License #278023

Last Buyer's Agent

Paul Yancey

Southern Homes of the Carolinas, Inc License #243864

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2002

Lot Details

  • Corner Lot
  • Level Lot
  • Irrigation
  • Many Trees

Parking

  • Attached Garage

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Gas Log Fireplace
  • Crawl Space
  • Attic

Kitchen

  • Breakfast Bar
  • Kitchen Island

Flooring

  • Engineered Wood
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • Garden Bath

Outdoor Features

  • In Ground Pool
  • Shed

Listing and Financial Details

  • Assessor Parcel Number 001-421-40

Home Details

Home Type

Single Family

Year Built

Built in 2002

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story
  • Architectural Style: Ranch
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.98077
  • Ratio Close Price By Original Li: 0.97143
  • Ratio Current Price By Acre: 201581.03
  • Ratio Current Price By Sq Ft: 191.30
  • Year Built: 2002
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 311
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Equipment: Ceiling Fan(s), Cooktop Electric, Dishwasher, Electric Range, Microwave, Security System, Surround Sound, Wall Oven, Electric Oven
  • Fireplace Description: Gas Logs, Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Prefinished Wood, Vinyl
  • Interior Amenities: Attic Other, Attic Walk-in, Breakfast Bar, Garden Tub, Kitchen Island, Open Floorplan, Pantry, Split BR Plan, Walk-In Closet(s)
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Sq Ft Additional: 400
  • Main Level Sq Ft: 2355
  • Total Sq Ft: 2666
  • Sq Ft Unheated Main: 716
  • Sq Ft Unheated Total: 716

Exterior Features

  • Construction: Brick Partial, Vinyl
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, In-Ground Irrigation, Pool-In-Ground, Shed(s)
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car, Parking Space - 4+

Utilities

  • Heating: Central Air, Heat Pump - AC, Heat Pump - Heat, Multizone A/C
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Schools

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

Lot Info

  • Lot Features: Corner Lot, Level, Trees
  • Lot Size Area: 2.530
  • Parcel Number: 001-421-40
  • Plat Reference Section Pages: 667
  • Zoning Specification: NR

Tax Info

  • Tax Value: 423000.00
  • Tax Location: Cornelius

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2017
Closed on
Mar 20, 2018
Sold by
Long Ray H and Long Karen H
Bought by
Comer Richard
Seller's Agent
Thomas Elrod
Keller Williams Ballantyne Area
Buyer's Agent
Paul Yancey
Southern Homes of the Carolinas, Inc
List Price
$525,000
Sold Price
$510,000
Premium/Discount to List
-$15,000
-2.86%
Current Estimated Value
$1,144,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$634,215
Avg. Annual Appreciation
11.81%
Original Mortgage
$4,500,000
Outstanding Balance
$3,875,314
Interest Rate
4.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$2,710,285

Purchase Details

Closed on
Feb 23, 2007
Sold by
Long Terri Broome
Bought by
Long Ray H and Long Terri Broome

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.1%
Mortgage Type
Credit Line Revolving
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
Comer Richard $510,000 Investors Title
Long Ray H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Comer Richard $249,000
Open Comer Richard $4,500,000
Closed Comer Richard $453,100
Previous Owner Long Terri Broome $367,000
Previous Owner Long Ray Howard $90,000
Previous Owner Long Ray H $90,000
Previous Owner Long Ray H $392,000
Previous Owner Long Terri $31,546
Previous Owner Long Ray Howard $62,000
Previous Owner Long Ray Howard $264,000
Previous Owner Long Ray Howard $264,000
Previous Owner Long Ray H $252,000
Previous Owner Long Ray Howard $222,980
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2018 03/20/18 Sold $510,000 -2.9% $191 / Sq Ft
01/16/2018 01/16/18 Pending -- -- --
09/19/2017 09/19/17 For Sale $525,000 -- $197 / 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 $6,132 $927,000 $450,100 $476,900
2022 $4,376 $510,800 $203,800 $307,000
2021 $4,325 $510,800 $203,800 $307,000
2020 $4,269 $504,200 $203,800 $300,400
2019 $4,263 $504,200 $203,800 $300,400
2018 $4,588 $423,000 $173,400 $249,600
2017 $4,553 $423,000 $173,400 $249,600
2016 $4,550 $423,000 $173,400 $249,600
2015 $4,483 $423,000 $173,400 $249,600
2014 $4,481 $423,000 $173,400 $249,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3319666

Canopy MLS (Canopy Realtor® Association)

APN: 001-421-40