NOT LISTED FOR SALE

8820 Arrowhead Place Ln Cornelius, NC 28031

Estimated Value: $395,978 - $436,000

3 Beds
2 Baths
1,428 Sq Ft
$292/Sq Ft Est. Value

Last Sold July 02, 2021

Last sale price $309,000 $216 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,464/month

1 Day on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Corner Lot
  • Bailey Middle School Rated A-
  • Vaulted Ceiling
  • 3-minute walk to McDowell Creek Greenway

About This Home

As of July 2021

Immaculate 3 bedroom 2 bath ranch home in Cornelius with 2 car detached garage. Covered front porch overlooking greenspace! Hardwood-style laminate flooring throughout this lovely home with carpet in one bedroom. Bright open foyer leads you to the split bedroom plan. Vaulted and open concept floorplan where kitchen, oversized breakfast area and great room all come together making these great entertaining areas. Pull up barstool area looks into the large kitchen w/ beautiful cabinetry and a lot of room to move around. Breakfast area can fit a very large rectangular table. Gas log fireplace appoints the oversized great room. Back deck has room for a dining table, grill area, and additional firepit table and over looks a well-groomed backyard! Plenty of room for gardening!
****We are in a multiple offer situation and requesting all offers by 8pm tonight- Tuesday May 18th

Last Agent to Sell the Property

Christy Walker

Keller Williams Lake Norman License #202446 Listed on: 05/17/2021

Keller Williams Lake Norman

Last Buyer's Agent

Kristin Pisani

Coldwell Banker Realty License #313071

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • Corner Lot
  • Many Trees

HOA Fees

  • $80 Monthly HOA Fees

Parking

  • 2

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Pull Down Stairs to Attic
  • Breakfast Bar

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

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

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 005-071-27

Community Details

Overview

  • Csi Management Association, Phone Number (704) 892-1660

Amenities

  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

HOA Fees

$80 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.99710
  • Ratio Close Price By Original Li: 0.99710
  • Ratio Current Price By Acre: 2575000.00
  • Ratio Current Price By Sq Ft: 216.39
  • Year Built: 2006
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Equipment: Cable Prewire, Ceiling Fan(s), Dishwasher, Disposal, Electric Oven, Electric Dryer Hookup, Electric Range, Microwave
  • Fireplace Description: FAMILYRM, Gas Logs
  • Fireplace: Yes
  • Flooring: Carpet, Laminate Wood, Tile
  • H O A Management Phone: 704-892-1660
  • Interior Amenities: Attic Stairs Pulldown, Breakfast Bar, Cable Available, Garden Tub, Pantry, Vaulted Ceiling, Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 1428
  • Total Sq Ft: 1428

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Detached Garage, Garage - 2 Car, Garage Door Opener, Keypad Entry

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
  • Association Fee: 80.00
  • Association Fee Frequency: Monthly
  • HOA Management Company: CSI Management
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Features: Corner Lot, Trees
  • Parcel Number: 005-071-27
  • Zoning Specification: NR

Tax Info

  • Tax Value: 237000.00
  • Tax Location: Cornelius

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2021
Closed on
Jun 29, 2021
Sold by
Lyng Caryn and Lyng David
Bought by
Mumford Kathy J
Seller's Agent
Christy Walker
Keller Williams Lake Norman
Buyer's Agent
Kristin Pisani
Coldwell Banker Realty
List Price
$309,900
Sold Price
$309,000
Premium/Discount to List
-$900
-0.29%
Current Estimated Value
$416,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,995
Avg. Annual Appreciation
7.00%
Original Mortgage
$247,200
Outstanding Balance
$224,296
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$192,699

Purchase Details

Closed on
Aug 21, 2015
Sold by
Tuttle Wesley A and Harvey Julie Ellen
Bought by
Lyng Caryn and Lyng David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2010
Sold by
Federal National Mortgage Association
Bought by
Tuttle Wesley A and Tuttle Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,292
Interest Rate
4.76%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 20, 2010
Sold by
Lyles Michael D
Bought by
Federal National Mortgage Association and Fannie Mae

Purchase Details

Closed on
Apr 24, 2007
Sold by
Alexander Chase Partners Llc
Bought by
Lyles Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 2005
Sold by
Alexander Chase Estates Llc
Bought by
Alexander Chase Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$719,437
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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
Mumford Kathy J $309,000 Tryon Title Agency Llc
Lyng Caryn $175,000 Attorney
Tuttle Wesley A -- None Available
Federal National Mortgage Association $144,798 None Available
Lyles Michael D $175,000 None Available
Alexander Chase Partners Llc $750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mumford Kathy J $247,200
Previous Owner Lyng Caryn $140,000
Previous Owner Tuttle Wesley A $123,292
Previous Owner Lyles Michael D $131,250
Previous Owner Alexander Chase Partners Llc $719,437
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2021 07/02/21 Sold $309,000 -0.3% $216 / Sq Ft
05/19/2021 05/19/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $309,900 -- $217 / 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 $2,319 $345,900 $80,000 $265,900
2024 $2,319 $345,900 $80,000 $265,900
2023 $2,280 $345,900 $80,000 $265,900
2022 $2,051 $237,000 $60,000 $177,000
2021 $2,028 $237,000 $60,000 $177,000
2020 $2,028 $237,000 $60,000 $177,000
2019 $2,022 $237,000 $60,000 $177,000
2018 $1,854 $169,400 $36,000 $133,400
2017 $1,838 $169,400 $36,000 $133,400
2016 $1,834 $169,400 $36,000 $133,400
2015 $1,805 $169,400 $36,000 $133,400
2014 $1,803 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3738659

Canopy MLS (Canopy Realtor® Association)

APN: 005-071-27