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$3,475,000

Beds
5
Baths
3.5
sq ft
4,361

20931 Island Forest Drive, Cornelius, NC 28031

20931 Island Forest Drive

Cornelius, NC 28031

  • 10 days on market
Stunning RENOVATED wf home w long range spectacular views of LKN! The perfect combination of luxury, convenience, & a relaxing lake lifestyle! Details such as the dramatic glass walls on the main floor that lead to a covered entertaining deck provide a stunning first impression, while the impressive stone fireplace greets guests w an extra touch of wow and charm. A large living room with high ceilings and gorgeous chef's kitchen and butler’s pantry offers ample space for entertaining. The flexible floor plan offers an exquisite primary suite with floor to ceiling windows and fireplace on the main level, 3 large bedrooms and sitting area upstairs, in-law suite w kitchen, great room, & large craft & laundry room on the lake level. Extra touches include primary bath with deep soaking tub and steam shower. Thoughtfully designed built in book cases, shelving and closets throughout, newly landscaped yard w extensive stone decks, built in fire pit & grill, new 10,000 lb lift & stone sea wall.

Details

Property type

Single Family Residence

Est. home value

$1,829,834

Lot size

Unknown

Price per sq ft

$797

Year built

2004

Monthly HOA fee

$5.42

Price History

11/13/2024
CanopyMLS

CanopyMLS #4197439

Listed
$3,475,000
+106.85%
09/01/2022
CanopyMLS

CanopyMLS #3878546

Sold
$1,680,000

Schools & Community

Elementary school: 

Cornelius

Middle school: 

Bailey

High school: 

William Amos Hough

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$2,159,521
Asking price
$3,475,000
Closing costs (~8% of asking)
-$278,000
Est. remaining loan balance
-$1,037,479
Cash to seller
$2,159,521

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Academy Mortgage Corp

Loan start date

September 2022

Original loan amount

$1,070,000

Est. remaining balance

$1,037,479

Interest rate

5.22%

Loan type

New Conventional, 30 year

Seller

Tiffany A James and Aaron M James

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/23/2024 at 12:40 AM

Listing updated: 11/17/2024 at 9:09 AM

Listed by: Elise Redmond, Culture Luxury Residential and Commercial Phone #: (704) 779-2693

MLS: CanopyMLS #4197439

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