$3,038,500
SOLD FEB 7, 2025

20931 Island Forest Dr Cornelius, NC 28031

Island Forest Neighborhood
5 Beds
3.5 Baths
4,361 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$697 Per Sq Ft

13% Below List Price

64 Days on Market

Highlights

  • Covered Dock
  • Pier
  • Waterfront
  • Bailey Middle School Rated A-
  • Boat Lift
  • Open Floorplan

About This Home

As of February 2025

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.

Last Agent to Sell the Property

elise redmond

Culture Luxury Residential and Commercial Brokerage Email: elise.redmond@gmail.com License #307804

Last Buyer's Agent

Tracy Rowland

Tracy Rowland Real Estate Inc. License #219230

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,813

Year Built

  • Built in 2004

Lot Details

  • Waterfront
  • Irrigation
  • Wooded Lot
  • Property is zoned GR

HOA Fees

  • $5 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Stone Veneer

Interior Spaces

  • 3-Story Property
  • Open Floorplan
  • Built-In Features
  • Fireplace
  • Insulated Windows
  • Water Views
  • Electric Dryer Hookup
  • Finished Basement

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Outdoor Features

  • Pier
  • Boat Lift
  • Covered Dock
  • Deck
  • Patio
  • Front Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Voluntary home owners association
  • Island Forest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 001-114-06

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,813

Year Built

Built in 2004

Lot Details

0

HOA Fees

$5 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2004
  • Road Surface Type: Asphalt, Concrete
  • Unit Levels: Three
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 696.74
  • Geocode Confidence: High
  • Attribution Contact: elise.redmond@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Carpet, Stone, Tile, Wood
  • Interior Amenities: Attic Walk In, Built-in Features, Cable Prewire, Open Floorplan, Pantry, Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1503
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 1354
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Gas Range
  • Above Grade Finished Sq Ft: 2857
  • Has Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1504
  • Door Features: Insulated Door(s)
  • Living Area: 4361
  • Window Features: Insulated Window(s)
  • Bedroom Main: 1
  • Room Count: 14
  • Bedroom Basement: 1

Exterior Features

  • Exterior Features: Dock, In-Ground Irrigation
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Water
  • Water Body Name: Lake Norman
  • Waterfront Features: Boat Lift, Covered structure, Dock, Pier
  • Construction Type: Cedar Shake, Stone Veneer
  • Patio And Porch Features: Deck, Front Porch, Patio

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup
  • Cooling: Central Air
  • Utilities: Cable Available
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 65
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Voluntary
  • Senior Community: No
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 65.00

Schools

  • Middle Or Junior School: Bailey
  • HOA Subject To: Optional

Lot Info

  • Lot Features: Waterfront, Wooded
  • Lot Size Area: 0.2
  • Lot Size Units: Acres
  • Parcel Number: 001-114-06
  • Zoning: GR
  • ResoLotSizeUnits: Acres
  • Zoning Specification: GR

MLS Schools

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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2025 02/07/25 Sold $3,038,500 -6.5% $697 / Sq Ft
12/30/2024 12/30/24 Price Changed $3,250,000 -3.7% $745 / Sq Ft
12/09/2024 12/09/24 Price Changed $3,375,000 -2.9% $774 / Sq Ft
11/13/2024 11/13/24 For Sale $3,475,000 +106.8% $797 / Sq Ft
09/01/2022 09/01/22 Sold $1,680,000 -0.9% $400 / Sq Ft
07/30/2022 07/30/22 Pending -- -- --
07/08/2022 07/08/22 For Sale $1,695,000 -- $403 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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
2023 $10,813 $1,643,300 $950,000 $693,300
2022 $7,372 $878,800 $400,000 $478,800
2021 $7,412 $878,800 $400,000 $478,800
2020 $7,412 $878,800 $400,000 $478,800
2019 $7,406 $878,800 $400,000 $478,800
2018 $9,847 $910,700 $455,000 $455,700
2017 $9,775 $910,700 $455,000 $455,700
2016 $9,771 $910,700 $455,000 $455,700
2015 -- $910,700 $455,000 $455,700
2014 $9,629 $910,700 $455,000 $455,700
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,070,000 New Conventional
Previous Owner $483,884 Credit Line Revolving
Previous Owner $325,000 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Previous Owner $485,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $175,500 Purchase Money Mortgage
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $3,038,500 Investors Title
Warranty Deed -- None Listed On Document
Warranty Deed $1,680,000 --
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Warranty Deed $196,000 --
Warranty Deed $133,000 --
Source: Public Records

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4197439

Canopy MLS (Canopy Realtor® Association)

APN: 001-114-06