NOT LISTED FOR SALE

7595 Cottonwood Dr Denver, NC 28037

Estimated Value: $1,059,000 - $1,112,000

4 Beds
4 Baths
4,105 Sq Ft
$264/Sq Ft Est. Value

Last Sold May 06, 2024

Last sale price $1,125,000 $274 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $6,246/month

Highlights

  • Access To Lake
  • RV or Boat Storage in Community
  • Traditional Architecture
  • Rock Springs Elementary School Rated A
  • Great Room with Fireplace
  • Cathedral Ceiling

About This Home

As of May 2024

Located in a most desirable lake front community, find this all brick custom gem featuring over 4000 sq ft of luxury appointments to welcome you home. Just off the formal entry foyer is a large dining room, with a walk-through Butler’s Pantry to the oversized gourmet kitchen. The kitchen provides an island, along with eat in area and bay window. Adjacent to the kitchen is a keeping room with stone fireplace, gas logs and cathedral ceiling. The family room boasts a coffered ceiling, stone fireplace, and large windows offering a full view of a secluded and private back yard with patio and fire pit, with room for that pool you may be thinking about. Featuring two bedrooms on the main level with the primary bedroom offering a tray ceiling, and massive on-suite bath with walk in closet. Upstairs are 2 more bedrooms with on suite full baths, a loft office area, a large bonus room, and over 500 sq ft of walk out storage space.
Don't miss out on the opportunity to own this gem!

Last Agent to Sell the Property

Ed Sink

Southern Homes of the Carolinas, Inc Brokerage Email: ed.sink4allproperty@gmail.com License #286377 Listed on: 03/26/2024

Last Buyer's Agent

Mary Lovekamp

RE/MAX Executive License #344734

RE/MAX Executive

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,656

Year Built

  • Built in 2006

Lot Details

  • Lot Dimensions are 135x223x94x223
  • Back Yard Fenced
  • Property is zoned PD R, PD-R

HOA Fees

Parking

  • 3 Car Garage
  • Driveway
  • 4 Open Parking Spaces

Home Design

  • Traditional Architecture
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 2-Story Property
  • Wired For Data
  • Built-In Features
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Window Treatments
  • Entrance Foyer
  • Great Room with Fireplace
  • Screened Porch
  • Storage
  • Keeping Room with Fireplace
  • Crawl Space
  • Walk-In Attic

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Built-In Self-Cleaning Double Oven
  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Home Security

  • Home Security System
  • Carbon Monoxide Detectors

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Access To Lake
  • Patio
  • Fire Pit

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 85397

Community Details

Overview

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

Recreation

  • RV or Boat Storage in Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,656

Year Built

Built in 2006

Lot Details

0

HOA Fees

$56 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2006
  • Restrictions: Architectural Review,Building,Deed,Livestock Restriction,Manufactured Home Not Allowed,Modular Not Allowed,Square Feet,Subdivision,Use
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 274.06
  • Bedroom Lower: 0
  • Geocode Confidence: Medium
  • Attribution Contact: ed.sink4allproperty@gmail.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Walk In, Breakfast Bar, Built-in Features, Cathedral Ceiling(s), Entrance Foyer, Kitchen Island, Pantry, Storage, Tray Ceiling(s), Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2703
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Main: 859
  • Sq Ft Unheated Total: 1420
  • Sq Ft Unheated Upper: 561
  • Sq Ft Upper: 1402
  • Appliances: Dishwasher, Disposal, Double Oven, Electric Cooktop, Electric Oven, Exhaust Hood, Gas Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Wall Oven
  • Other Equipment: Network Ready
  • Above Grade Finished Sq Ft: 4105
  • Accessibility Features: Two or More Access Exits
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Fire Pit, Gas Log, Gas Starter, Gas Unvented, Great Room, Keeping Room
  • Living Area: 4105
  • Window Features: Insulated Window(s), Window Treatments
  • Bedroom Main: 2
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • Exterior Features: Fire Pit
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Back Yard
  • Water Body Name: Lake Norman
  • Waterfront Features: Boat Ramp – Community
  • Construction Type: Brick Full
  • Patio And Porch Features: Front Porch, Patio, Rear Porch, Screened

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Central, Forced Air, Heat Pump, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, In Kitchen, Sink
  • Security: Carbon Monoxide Detector(s), Security System, Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air
  • Utilities: Cable Available, Cable Connected, Electricity Connected, Gas, Phone Connected, Satellite Internet Available, Wired Internet Available
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Lake Access, RV/Boat Storage, Street Lights
  • Association Fee: 520
  • Association Fee Frequency: Annually
  • Association #2 Fee: 150
  • Association #2 Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association: Lakewood Owners association
  • Association Name: Lakewood Owners Association
  • Association Phone #2: 704-489-9949
  • Phone: 704-489-9949
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 670.00

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 85397
  • Zoning: PD-R
  • Plat Book Slide: 13-496
  • Plat Reference Section Pages: 13-496
  • Development Status: Completed
  • Lot Size: 135x223x94x223
  • ResoLotSizeUnits: Acres
  • Zoning Specification: PD R

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2024
Closed on
May 6, 2024
Sold by
Horton Anthony H and Tracey Wilson
Bought by
Paff Melanie Tilley and Paff Robert Kramer
Seller's Agent
Ed Sink
Southern Homes of the Carolinas, Inc
Buyer's Agent
Mary Lovekamp
RE/MAX Executive
List Price
$1,099,000
Sold Price
$1,125,000
Premium/Discount to List
$26,000
2.37%
Views
23
Current Estimated Value
$1,082,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,043
Avg. Annual Appreciation
-2.41%
Original Mortgage
$766,550
Outstanding Balance
$755,781
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$327,176

Purchase Details

Closed on
Oct 27, 2014
Sold by
Horton Anthony H and Horton Tracey W
Bought by
Horton Anthony H and Horton Tracey W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Paff Melanie Tilley $1,125,000 None Listed On Document
Horton Anthony H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paff Melanie Tilley $766,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2024 05/06/24 Sold $1,125,000 +2.4% $274 / Sq Ft
04/01/2024 04/01/24 For Sale $1,099,000 -- $268 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
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 $5,656 $911,767 $92,000 $819,767
2024 $5,149 $834,061 $92,000 $742,061
2023 $5,149 $834,061 $92,000 $742,061
2022 $4,080 $535,056 $60,000 $475,056
2021 $4,042 $535,056 $60,000 $475,056
2020 $3,820 $535,056 $60,000 $475,056
2019 $3,820 $535,056 $60,000 $475,056
2018 $3,292 $439,485 $48,500 $390,985
2017 $3,191 $439,485 $48,500 $390,985
2016 $3,180 $439,485 $48,500 $390,985
2015 $3,342 $439,485 $48,500 $390,985
2014 $3,529 $473,516 $76,000 $397,516
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4121542

Canopy MLS (Canopy Realtor® Association)

APN: 85397