$1,025,000
SOLD MAY 22, 2025

7582 Cottonwood Dr Unit 39 Denver, NC 28037

4 Beds
4 Baths
3,913 Sq Ft
0.54 Acres

Recently Sold

$262 Per Sq Ft

23% Below List Price

270 Days on Market

Highlights

  • In Ground Pool
  • Waterfront
  • Transitional Architecture
  • Rock Springs Elementary School Rated A
  • Deck
  • Outdoor Fireplace

About This Home

As of May 2025

Desirable Lake Norman waterfront (not dockable, Kayak approved:), has everything you need to enjoy the area. Beautiful in-ground pool and Spa overlooking the Lake. Outdoor covered Patio with Fireplace off the partially finished 1600+ sqft basement with a full bath, tons of potential waiting for your design input or keep as storage. First floor Primary bedroom along with additional bedroom with full bath. Formal Dining Room, Eat-in Kitchen with cabinets galore, updated appliances, gas cook top and the refrigerator included. Great Room with fireplace and cathedral ceiling. Porch off the Great Room overlooking the Pool and Lake. Ranai tankless water heater 2024, AC 2018, sewer grinder 2019, pool pump 2023, roof (lifetime warranty) 2023 and exterior painted in 2022. Located in the growing Denver area, great schools and every day is a vacation with this beautiful custom home.

Last Agent to Sell the Property

Jim Robb

Southern Homes of the Carolinas, Inc Brokerage Email: jimrobbrealtor@gmail.com License #37424 Listed on: 07/17/2024

Last Buyer's Agent

Jacqui Spain

Real Broker, LLC License #338817

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,650

Year Built

  • Built in 2008

Lot Details

  • Lot Dimensions are 104x239x165x229
  • Waterfront
  • Back Yard Fenced
  • Property is zoned PD-R

HOA Fees

Parking

  • 3 Car Attached Garage
  • Driveway
  • 3 Open Parking Spaces

Home Design

  • Transitional Architecture
  • Stone Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Insulated Windows
  • Great Room with Fireplace
  • Water Views
  • Partially Finished Basement
  • Exterior Basement Entry
  • Home Security System

Kitchen

  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 4 Full Bathrooms
  • Garden Bath

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Fireplace

Schools

  • Rock Springs Elementary School
  • North Lincoln Middle School
  • Lincoln High School

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Cable TV Available

Community Details

  • Lake Norman Realty Association, Phone Number (704) 489-9949
  • Lakewood Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 85359
  • Tax Block 3

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,650

Year Built

Built in 2008

Lot Details

0

HOA Fees

$59 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Transitional
  • Year Built: 2008
  • Restrictions: Manufactured Home Not Allowed
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 261.95
  • Geocode Confidence: High
  • Attribution Contact: jimrobbrealtor@gmail.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Garden Tub, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2218
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 1664
  • Sq Ft Unheated Main: 686
  • Sq Ft Unheated Total: 2350
  • Sq Ft Upper: 1571
  • Appliances: Dishwasher, Disposal, Exhaust Hood, Gas Cooktop, Microwave, Refrigerator, Tankless Water Heater, Wine Refrigerator
  • Above Grade Finished Sq Ft: 3789
  • Has Basement: Exterior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 124
  • Fireplace Features: Great Room, Outside
  • Living Area: 3913
  • Window Features: Insulated Window(s)
  • Bedroom Main: 2
  • Room Count: 13

Exterior Features

  • Exterior Features: Hot Tub, Storage
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Back Yard, Fenced
  • Pool Features: In Ground
  • View: Water
  • Water Body Name: lake Norman
  • Waterfront Features: Boat Ramp – Community, Boat Slip – Community
  • Waterfront Elevation: 1500
  • Construction Type: Hard Stucco, Stone
  • Patio And Porch Features: Balcony, Covered, Deck, Front Porch, Patio

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 686
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Parking Features: Driveway, Attached Garage

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: Utility Room
  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air
  • Utilities: Cable Available, Natural Gas
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 550
  • Association Fee Frequency: Annually
  • Association #2 Fee: 150
  • Association #2 Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association: Lake Norman Realty
  • Association Name: Lake Norman Realty
  • Association Phone #2: 704-489-9949
  • Phone: 704-489-9949
  • ResoAssociationFeeFrequency: Annually
  • Association Email: HOA@Lakenormanrealty.com

Association/Amenities

  • Association Annual Expense: 700.00

Schools

  • Middle Or Junior School: North Lincoln
  • HOA Subject To: Required

Lot Info

  • Lot Features: Views, Waterfall - Artificial, Waterfront
  • Lot Size Area: 0.549
  • Lot Size Units: Acres
  • Parcel Number: 85359
  • Lot Size: 104x239x165x229
  • ResoLotSizeUnits: Acres
  • Zoning Specification: PD-R

Green Features

  • Green Verification Count: 0

Tax Info

  • Tax Block: 3

MLS Schools

  • Elementary School: Rock Springs
  • High School: Lincoln

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2024
Closed on
May 22, 2025
Sold by
Bobo Adam and Bobo Molly
Bought by
Colsher Brian Joseph and Colsher Pamela Ann
Seller's Agent
Jim Robb
Southern Homes of the Carolinas, Inc
Buyer's Agent
Jacqui Spain
Real Broker, LLC
List Price
$1,335,000
Sold Price
$1,025,000
Premium/Discount to List
-$310,000
-23.22%
Views
112
Current Estimated Value
$1,032,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,066
Avg. Annual Appreciation
2.79%

Purchase Details

Closed on
Nov 30, 2016
Sold by
Bok Stephen David and Bok Lisa K
Bought by
Bobo Adam and Bobo Molly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,600
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2010
Sold by
Craig Charles B and Craig Stephanie R
Bought by
Bok Stephen David and Bok Lisa K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,375
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2007
Sold by
J Ken Williams Company Inc
Bought by
Craig Stephanie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2007
Sold by
Hecht Development Co
Bought by
J Ken Williams Co Inc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,025,000 None Listed On Document
Warranty Deed $1,025,000 None Listed On Document
Warranty Deed $597,000 None Available
Warranty Deed $423,000 None Available
Warranty Deed $127,500 None Available
Warranty Deed $88,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $443,500 New Conventional
Previous Owner $477,600 New Conventional
Previous Owner $50,000 Credit Line Revolving
Previous Owner $371,200 Adjustable Rate Mortgage/ARM
Previous Owner $401,375 New Conventional
Previous Owner $500,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 Sold $1,025,000 -10.9% $262 / Sq Ft
04/14/2025 04/14/25 Pending -- -- --
04/07/2025 04/07/25 Price Changed $1,149,999 -4.2% $294 / Sq Ft
03/03/2025 03/03/25 Price Changed $1,199,999 -4.0% $307 / Sq Ft
02/15/2025 02/15/25 Price Changed $1,250,000 -6.4% $319 / Sq Ft
02/15/2025 02/15/25 For Sale $1,335,000 +30.2% $341 / Sq Ft
12/29/2024 12/29/24 Off Market $1,025,000 -- --
09/06/2024 09/06/24 Price Changed $1,335,000 -1.1% $341 / Sq Ft
07/17/2024 07/17/24 For Sale $1,350,000 -- $345 / 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
2025 $5,650 $910,726 $112,000 $798,726
2024 $5,612 $910,726 $112,000 $798,726
2023 $5,607 $910,726 $112,000 $798,726
2022 $4,682 $616,383 $72,500 $543,883
2021 $4,639 $616,383 $72,500 $543,883
2020 $4,401 $616,383 $72,500 $543,883
2019 $4,401 $616,383 $72,500 $543,883
2018 $3,701 $495,872 $58,500 $437,372
2017 $3,600 $495,872 $58,500 $437,372
2016 $3,588 $495,872 $58,500 $437,372
2015 $3,760 $495,872 $58,500 $437,372
2014 $3,941 $530,070 $92,750 $437,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4161592

Canopy MLS (Canopy Realtor® Association)

APN: 85359