NOT LISTED FOR SALE

8812 Arrowhead Place Ln Cornelius, NC 28031

Estimated Value: $435,000 - $512,000

3 Beds
2.5 Baths
1,810 Sq Ft
$262/Sq Ft Est. Value

Last Sold October 15, 2019

Last sale price $260,000 $144 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $2,792/month

97 Days on Market

Highlights

  • Fitness Center
  • Open Floorplan
  • Pond
  • Bailey Middle School Rated A-
  • Clubhouse
  • 3-minute walk to McDowell Creek Greenway

About This Home

As of October 2019

MUST SEE home in Alexander Chase! Great Cornelius location! Sought after open floor plan w/ hardwood floors & crown molding! Inviting covered front porch leads to an open entry way w/ tons of natural light. Formal dining room to host gatherings. Kitchen w/ ample cabinet & counter top space, pantry & sunny breakfast area overlooking the backyard! Great room w/ gas log fireplace. Elegant owner’s retreat w/ tray ceiling, walk-in closet & en–suite bath. Spacious secondary bedrooms w/ guest bath! Unfinished basement is roughed out & can be anything you want it to be! Peaceful & private fenced backyard w/ patio & fire pit is perfect for grilling & entertaining! 2 car garage! Enjoy community amenities including club house, fitness center & pool! Close to schools, restaurants, shopping & Lake Norman! Conveniently located near the McDowell Creek Greenway & walking trails! Walking distance to Westmoreland Athletic Complex, Robbins Park & Birkdale Village! Easy access to I-77 from exit 25 or 28!

Last Agent to Sell the Property

Phil Puma

Puma & Associates Realty, Inc. License #203114 Listed on: 06/07/2019

Last Buyer's Agent

Lori Scherrman

First Priority Realty Inc. License #237377

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • 5,227

HOA Fees

  • $80 Monthly HOA Fees

Parking

  • 2

Home Design

  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Tray Ceiling
  • Gas Log Fireplace
  • Insulated Windows
  • Pull Down Stairs to Attic
  • Breakfast Bar

Flooring

  • Engineered Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Garden Bath

Outdoor Features

  • Pond
  • Fire Pit

Listing and Financial Details

  • Assessor Parcel Number 005-071-29
  • Tax Block 667

Community Details

Overview

  • Henderson Association, Phone Number (704) 535-1122

Amenities

  • Clubhouse

Recreation

  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

0

HOA Fees

$80 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.96332
  • Ratio Close Price By Original Li: 0.94545
  • Ratio Current Price By Acre: 2113821.14
  • Ratio Current Price By Sq Ft: 143.65
  • Year Built: 2003
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Inside Entrance, Basement Outside Entrance
  • Upper Level Sq Ft: 905
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Doors and Windows: Insulated Windows
  • Equipment: Ceiling Fan(s), CO Detector, Cable Prewire, Disposal, Dishwasher, Electric Dryer Hookup, Electric Range, Ice Maker Connection, Microwave, Refrigerator, Self Cleaning Oven, Electric Oven
  • Fireplace Description: Gas Logs, Great Room
  • Fireplace: Yes
  • Fixture Exception Description: Attached tvs do not convey but brackets will remain, surround sound receivers do not convey, satellite receivers do not convey.
  • Fixture Exception Yn: Yes
  • Flooring: Carpet, Prefinished Wood, Tile, Vinyl
  • H O A Management Phone: 704-535-1122
  • Interior Amenities: Attic Stairs Pulldown, Breakfast Bar, Garden Tub, Open Floorplan, Pantry, Tray Ceiling
  • Laundry Location: Main, Laundry Room
  • Room Count: 3
  • Main Level Sq Ft: 905
  • Total Sq Ft: 1810
  • Sq Ft Unheated Basement: 905
  • Sq Ft Unheated Total: 905

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, Fire pit

Garage/Parking

  • Driveway: Concrete
  • Parking: Back Load Garage, Detached Garage, Garage - 2 Car, Garage Door Opener

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Club House, Fitness Center, Outdoor Pool, Pond, Recreation Area, Sidewalk, Street Lights, Walking Trails
  • Association Fee: 80.00
  • Association Fee Frequency: Monthly
  • HOA Management Company: Henderson
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Parcel Number: 005-071-29
  • Plat Book Slide: 38
  • Plat Reference Section Pages: 583
  • Zoning Specification: NR

Tax Info

  • Tax Value: 285200.00
  • Tax Block: 667
  • Tax Location: Mecklenburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2019
Closed on
Oct 15, 2019
Sold by
Mills Adam Asa and Mills Michelle
Bought by
Funderburk Reiland and Funderburk Stephanie Shaw
Seller's Agent
Phil Puma
Puma & Associates Realty, Inc.
Buyer's Agent
Lori Scherrman
First Priority Realty Inc.
List Price
$275,000
Sold Price
$260,000
Premium/Discount to List
-$15,000
-5.45%
Current Estimated Value
$473,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,721
Avg. Annual Appreciation
10.25%
Original Mortgage
$247,000
Outstanding Balance
$216,384
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$257,337

Purchase Details

Closed on
Oct 3, 2013
Sold by
Spence Richard and Spence Diana
Bought by
Mills Adam Asa and Mill Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,028
Interest Rate
4.53%
Mortgage Type
VA

Purchase Details

Closed on
Apr 18, 2008
Sold by
Spence Richard and Spence Diana
Bought by
Spence Richard and Spence Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2008
Sold by
Jacobs Brandon E and Brown Anthony D
Bought by
Spence Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 4, 2005
Sold by
Alexander Chase Estates Llc
Bought by
Jacobs Brandon E and Brown Anthony D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,994
Interest Rate
5.72%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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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
Funderburk Reiland $260,000 None Available
Mills Adam Asa $195,000 None Available
Spence Richard -- None Available
Spence Richard $190,000 None Available
Jacobs Brandon E $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Funderburk Reiland $247,000
Previous Owner Mills Adam Asa $188,028
Previous Owner Spence Richard $120,000
Previous Owner Jacobs Brandon E $171,994
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2019 10/15/19 Sold $260,000 -3.7% $144 / Sq Ft
09/12/2019 09/12/19 Pending -- -- --
08/27/2019 08/27/19 Price Changed $269,900 -1.9% $149 / Sq Ft
06/07/2019 06/07/19 For Sale $275,000 -- $152 / 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 -- $404,900 $80,000 $324,900
2024 -- $404,900 $80,000 $324,900
2023 $2,661 $404,900 $80,000 $324,900
2022 $2,458 $284,900 $60,000 $224,900
2021 $2,430 $284,900 $60,000 $224,900
2020 $2,432 $285,200 $60,000 $225,200
2019 $2,426 $285,200 $60,000 $225,200
2018 $2,024 $185,200 $36,000 $149,200
2017 $2,007 $185,200 $36,000 $149,200
2016 $2,003 $185,200 $36,000 $149,200
2015 $1,972 $185,200 $36,000 $149,200
2014 $1,970 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3515674

Canopy MLS (Canopy Realtor® Association)

APN: 005-071-29