NOT LISTED FOR SALE

7697 Cottonwood Dr Denver, NC 28037

Estimated Value: $778,211 - $849,000

5 Beds
4 Baths
3,382 Sq Ft
$238/Sq Ft Est. Value

Last Sold March 17, 2020

Last sale price $415,000 $123 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $4,653/month

62 Days on Market

Highlights

  • Open Floorplan
  • Community Lake
  • Traditional Architecture
  • Rock Springs Elementary School Rated A
  • Private Lot
  • Wood Flooring

About This Home

As of March 2020

Beautiful light filled home with 5 bedrooms and 4 full baths in the Lake Norman waterfront community of Lakewood. Luxurious master suite with fireplace, sitting area, tray ceiling, stunning master bath, and extremely spacious closets. This home has multiple windows in the family room and upstairs bonus room bring in lots of natural light while the mature trees in the back yard give you plenty of privacy. The main level features a two story entry, office, guest bedroom with full bath, formal dining room, and a bright spacious kitchen with plenty of workspace and storage. The other four bedrooms are upstairs and all have direct access to a bathroom (either ensuite or jack and jill). The garage has lots of extra storage and a walk in wired workshop area under the front porch. Lakewood is an upscale lakefront neighborhood with a community boat storage lot (additional fee applies). Located just around the corner from public Lake Norman access at the Little Creek access area. Hurry!

Last Agent to Sell the Property

Jennifer Rolles

Lake Norman Realty, Inc. License #207577 Listed on: 12/02/2019

Lake Norman Realty, Inc.

Last Buyer's Agent

Gary Espin

Espin Realty License #229700

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • Private Lot
  • Many Trees

HOA Fees

  • $58 Monthly HOA Fees

Parking

  • Attached Garage
  • Workshop in Garage

Home Design

  • Traditional Architecture
  • Stone Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Tray Ceiling
  • Fireplace
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Oven
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Additional Features

  • Separate Outdoor Workshop
  • Cable TV Available

Community Details

  • Hecht Property Management Association, Phone Number (704) 489-9949
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 84189

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

0

HOA Fees

$58 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Traditional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.93785
  • Ratio Close Price By Original Li: 0.92222
  • Ratio Current Price By Acre: 798076.92
  • Ratio Current Price By Sq Ft: 122.71
  • Year Built: 2005
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 1809
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 5
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Electric, Dishwasher, Ice Maker Connection, Microwave, Natural Gas, Oven
  • Fireplace Description: FAMILYRM, Primary Bedroom
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • H O A Management Phone: 704-489-9949
  • Interior Amenities: Attic Stairs Pulldown, Breakfast Bar, Cable Available, Garage Shop, Garden Tub, Kitchen Island, Open Floorplan, Tray Ceiling, Walk-In Closet(s)
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Main Level Sq Ft: 1573
  • Total Sq Ft: 3382

Exterior Features

  • Construction: Fiber Cement, Stone
  • Construction Type: Site Built
  • Exterior Features: Workshop

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Driveway, Garage - 2 Car, Garage Door Opener, Side Load Garage

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Multizone A/C, MultiZone Heat
  • Sewer: County Sewer
  • Water: County Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Lake, Street Lights
  • Association Fee: 690.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Hecht Property Management
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Dimension: 100x225
  • Lot Features: Private, Sloping, Trees
  • Parcel Number: 84189
  • Plat Book Slide: 13-244
  • Plat Reference Section Pages: 13-244
  • Zoning Specification: PD-R

Tax Info

  • Tax Value: 445436.00
  • Tax Location: Denver

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2019
Closed on
Mar 16, 2020
Sold by
Campo John E and Campo Karen L
Bought by
Wolff Kurt L and Wolff Lisa P
Seller's Agent
Jennifer Rolles
Lake Norman Realty, Inc.
Buyer's Agent
Gary Espin
Espin Realty
List Price
$450,000
Sold Price
$415,000
Premium/Discount to List
-$35,000
-7.78%
Current Estimated Value
$805,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,803
Avg. Annual Appreciation
12.35%
Original Mortgage
$332,000
Outstanding Balance
$294,033
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$511,770

Purchase Details

Closed on
Jul 15, 2016
Sold by
Jones Phyllis Rene
Bought by
Campo John E and Campo Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2012
Sold by
Jones Eric R
Bought by
Jones Phyllis R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2006
Sold by
Montego Homes Llc
Bought by
Jones Eric R and Jones Phyllis R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2005
Sold by
Hecht Development Co
Bought by
Montego Homes Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Wolff Kurt L $415,000 None Available
Campo John E $350,000 None Available
Jones Phyllis R -- None Available
Jones Eric R $405,000 None Available
Montego Homes Llc $54,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolff Kurt L $332,000
Previous Owner Campo John E $315,000
Previous Owner Jones Phyllis R $300,000
Previous Owner Jones Eric R $322,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2020 03/17/20 Sold $415,000 -6.2% $123 / Sq Ft
02/02/2020 02/02/20 Pending -- -- --
01/10/2020 01/10/20 Price Changed $442,500 -1.7% $131 / Sq Ft
12/02/2019 12/02/19 For Sale $450,000 -- $133 / 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 $4,080 $651,234 $92,000 $559,234
2024 $4,047 $651,234 $92,000 $559,234
2023 $4,042 $651,234 $92,000 $559,234
2022 $3,416 $445,436 $60,000 $385,436
2021 $3,385 $445,436 $60,000 $385,436
2020 $3,180 $445,436 $60,000 $385,436
2019 $3,180 $445,436 $60,000 $385,436
2018 $2,818 $374,248 $48,500 $325,748
2017 $2,717 $374,248 $48,500 $325,748
2016 $2,708 $374,248 $48,500 $325,748
2015 $2,859 $374,248 $48,500 $325,748
2014 $3,026 $404,415 $76,000 $328,415
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3572604

Canopy MLS (Canopy Realtor® Association)

APN: 84189