NOT LISTED FOR SALE

Estimated Value: $6,483,000 - $9,026,000

5 Beds
7 Baths
12,482 Sq Ft
$655/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $7,000,000 $561 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $46,473/month

Highlights

  • In Ground Pool
  • Waterfront
  • Wood Flooring
  • Bailey Middle School Rated A-
  • Outdoor Fireplace
  • Whirlpool Bathtub

About This Home

As of November 2021

Immerse yourself in luxury at one of Lake Normans most elegant homes. Built in 2007 by Patrick Joseph Distinctive Homes and clocking in at over 13,000 square feet this Mediterranean home offers sunset views for miles. A true entertaining home with great indoor/outdoor flow. Outdoor amenities include multiple decks/terraces, multiple outdoor fireplaces, lakeside fire pit, salt water pool/spa, summer kitchen, fixed dock, pool bath and more. The recently renovated lower level includes custom wine display case, bar height island, wine tasting room, billiards area, theater room, exercise room and more. All of this on one of Lake Normans most coveted roads leads to an opportunity of a lifetime.

Last Agent to Sell the Property

Josh Tucker

Corcoran HM Properties License #274081 Listed on: 10/13/2021

Corcoran HM Properties

Last Buyer's Agent

Mary Beth Mcintyre

Belle Properties License #259447

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • Waterfront
  • Irrigation

Parking

  • Attached Garage

Home Design

  • Stucco Exterior

Interior Spaces

  • Elevator
  • Wet Bar
  • Fireplace
  • Window Treatments
  • Mud Room

Kitchen

  • Breakfast Bar
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Whirlpool Bathtub

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Outdoor Fireplace
  • Outdoor Kitchen
  • Terrace
  • Fire Pit
  • Outdoor Gas Grill

Listing and Financial Details

  • Assessor Parcel Number 001-331-30

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

0

Parking

4

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Acre: 9859154.93
  • Ratio Current Price By Sq Ft: 560.81
  • Year Built: 2005
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement
  • Upper Level Sq Ft: 3371
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bathrooms: 7.00
  • Total Bedrooms: 5
  • Equipment: Beverage Refrigerator, Ceiling Fan(s), Central Vacuum, Dishwasher, Disposal, Double Oven, Exhaust Fan, Exhaust Hood, Gas Oven, Gas Range, Ice Maker Connection, Microwave, Natural Gas, Refrigerator, Surround Sound, Wine Refrigerator
  • Fireplace Description: FAMILYRM, Great Room, Primary Bedroom, See Thru
  • Fireplace: Yes
  • Flooring: Carpet, Stone, Tile, Wood
  • Interior Amenities: Breakfast Bar, Built-Ins, Drop Zone, Elevator, Kitchen Island, Pantry, Walk-In Closet(s), Wet Bar, Whirlpool, Window Treatments
  • Laundry Location: Main, Upper, Basement, Laundry Room
  • Room Count: 4
  • Sq Ft Basement: 4020
  • Main Level Sq Ft: 4728
  • Third Level Sq Ft: 363
  • Total Sq Ft: 12482
  • Sq Ft Unheated Basement: 1223
  • Sq Ft Unheated Total: 1223

Exterior Features

  • Construction: Hard Stucco
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, Fire pit, Hot Tub, In-Ground Gas Grill, In-Ground Irrigation, Outdoor Fireplace, Outdoor Kitchen, Pool-In-Ground, Terrace

Garage/Parking

  • Driveway: Cobblestone, Concrete
  • Parking: Attached Garage, Driveway, Garage - 4+ Car, Garage Door Opener, Keypad Entry, Side Load Garage

Utilities

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

Schools

  • Middle Or Junior School: Unspecified

Lot Info

  • Lot Dimension: Irregular
  • Lot Features: Lake, Lake Access, Long Range View, Waterfront
  • Parcel Number: 001-331-30
  • Zoning Specification: GR

Tax Info

  • Tax Value: 3887700.00
  • Tax Location: Cornelius

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2021
Closed on
Nov 11, 2021
Sold by
Degoiter David and De Goiter Stephanny
Bought by
Feinberg Adam and Feinberg Ndidi
Seller's Agent
Josh Tucker
Corcoran HM Properties
Buyer's Agent
Mary Beth Mcintyre
Belle Properties
List Price
$7,000,000
Sold Price
$7,000,000
Current Estimated Value
$8,176,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,176,394
Avg. Annual Appreciation
3.81%

Purchase Details

Closed on
May 14, 2007
Sold by
Salzman Jack D and Salzman Robin S
Bought by
Degorter David and Degorter Stephany Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2006
Sold by
Patrick Joseph & Associates Inc
Bought by
Salzman Jack D and Salzman Robin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,400,000
Interest Rate
6.62%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 14, 2005
Sold by
Dennis Bill J and Dennis Laura I
Bought by
Patrick Joseph & Associates Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2004
Sold by
Oboyle Kevin J and Oboyle Patricia
Bought by
Dennis Bill J and Dennis Laura I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,200
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Feinberg Adam $7,000,000 None Available
Degorter David $4,200,000 None Available
Salzman Jack D $850,000 None Available
Patrick Joseph & Associates Inc $645,000 --
Dennis Bill J $628,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Degorter David $1,000,000
Previous Owner Salzman Jack D $3,400,000
Previous Owner Patrick Joseph & Associates Inc $250,000
Previous Owner Dennis Bill J $565,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2022 01/05/22 Pending -- -- --
01/05/2022 01/05/22 For Sale $7,000,000 0.0% $561 / Sq Ft
11/12/2021 11/12/21 Sold $7,000,000 -- $561 / 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 $44,611 $6,790,810 $1,955,000 $4,835,810
2024 $44,611 $6,790,810 $1,955,000 $4,835,810
2023 $43,927 $6,790,810 $1,955,000 $4,835,810
2022 $33,042 $3,887,700 $1,495,000 $2,392,700
2021 $32,653 $3,887,700 $1,495,000 $2,392,700
2020 $32,653 $3,887,700 $1,495,000 $2,392,700
2019 $38,865 $4,735,800 $1,495,000 $3,240,800
2018 $38,865 $3,602,100 $700,000 $2,902,100
2017 $38,592 $3,602,100 $700,000 $2,902,100
2016 $38,588 $3,602,100 $700,000 $2,902,100
2015 $38,044 $3,602,100 $700,000 $2,902,100
2014 $38,042 $3,602,100 $700,000 $2,902,100
Source: Public Records

Agents Affiliated with this Home

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3817724

Canopy MLS (Canopy Realtor® Association)

APN: 001-331-30