NOT LISTED FOR SALE

Lot 8 Teak Ct Unit 8 Cornelius, NC 28031

Estimated Value: $1,451,000 - $1,851,000

0.33 Acre
$5,203,664 Price per Acre
14,375 Sq Ft Lot

Last Sold October 03, 2014

Last sale price $217,500

Est. 690% increase in value since last sale

Current estimated payment $9,966/month

178 Days on Market

Highlights

  • Waterfront
  • Bailey Middle School Rated A-
  • Community Lake

About This Lot

As of October 2014

Private, waterview lot in a premier, gated waterfront community on secluded peninsula that juts out into the wide, deep & clear waters of Lake Norman. The sights & sounds of nature abound in this small "hidden gem" of a neighborhood; unique to Cornelius. Every lot comes with its own boat slip.

Last Agent to Sell the Property

Gretel Howell

Howard Hanna Allen Tate Lake Norman License #252117 Listed on: 02/18/2014

Howard Hanna Allen Tate Lake Norman

Last Buyer's Agent

Meredith Hall

Howard Hanna Allen Tate Gaston License #270527

Howard Hanna Allen Tate Gaston

Property Details

Property Type

  • Land

Lot Details

HOA Fees

  • $133 Monthly HOA Fees

Additional Features

  • Waterfront
  • Crawl Space

Community Details

  • Pointe Regatta HOA, Phone Number (704) 237-3191
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 001-491-51

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$133 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.96667
  • Ratio Close Price By Original Li: 0.96667
  • Ratio Current Price By Acre: 659090.91
  • Restrictions: Manufactured Home Not Allowed, Modular Not Allowed, Architectural Review, Square Feet
  • Foundation Details Proposed: Crawl Space
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • H O A Management Phone: 704-237-3191

Exterior Features

  • Exterior Features: Boat Slip

Utilities

  • Sewer: City Sewer
  • Water: City Water

Condo/Co-op/Association

  • Community Features: Lake
  • Association Fee: 133.00
  • Association Fee Frequency: Monthly
  • HOA Management Company: Pointe Regatta HOA
  • HOA Subject to Dues YN: Yes

Schools

  • Elementary School: Cornelius
  • Middle School: Bailey
  • High School: William Amos Hough

Lot Info

  • Lot Dimension: 57x111x111x79
  • Lot Features: Waterfront, Water view
  • Lot Size Area: 0.330
  • Lot Size Units: Acres
  • Parcel Number: 001-491-51
  • Zoning Specification: SFR

Tax Info

  • Tax Value: 280000.00
  • Tax Location: Cornelius

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2014
Closed on
Sep 30, 2014
Sold by
K & W Cafeterias Inc
Bought by
Helms Melinda and Bollinger Michelle
Seller's Agent
Gretel Howell
Howard Hanna Allen Tate Lake Norman
Buyer's Agent
Meredith Hall
Howard Hanna Allen Tate Gaston
List Price
$225,000
Sold Price
$217,500
Premium/Discount to List
-$7,500
-3.33%
Current Estimated Value
$1,717,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,499,709
Avg. Annual Appreciation
20.71%

Purchase Details

Closed on
Dec 28, 1992
Bought by
K&W Cafeterias Inc
Source: Public Records

Range of Values:

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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
Helms Melinda $217,500 Chicago Title Insurance Co
K&W Cafeterias Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bollinger Michelle $100,000
Open Helms Melinda $447,000
Closed Bollinger Michale $420,000
Closed Bollinger Michelle $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2014 10/03/14 Sold $217,500 -3.3% --
08/15/2014 08/15/14 Pending -- -- --
02/18/2014 02/18/14 For Sale $225,000 -- --
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 $9,184 $1,392,100 $405,000 $987,100
2024 $9,184 $1,392,100 $405,000 $987,100
2023 $9,040 $1,392,100 $405,000 $987,100
2022 $6,907 $809,000 $270,000 $539,000
2021 $6,826 $809,000 $270,000 $539,000
2020 $6,826 $809,000 $270,000 $539,000
2019 $6,820 $809,000 $270,000 $539,000
2018 $7,076 $749,700 $266,000 $483,700
2017 $8,051 $749,700 $266,000 $483,700
2016 $5,510 $266,000 $266,000 $0
2015 $2,808 $266,000 $266,000 $0
2014 $2,808 $266,000 $266,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR2208152

Canopy MLS (Canopy Realtor® Association)

APN: 001-491-51