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Terra Vista Realty
20720 Rio Oro Drive
20720 Rio Oro Drive
$1,373,968 (our value guesstimate)
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Cornelius, NC 28031 ▪  (MLS # 3175412)
2-car garage  ▪   Built: 1973  ▪   Primary Up
4 bed  ▪  2 full & 1 half bath  ▪  3,731 Sq Ft
Sold for $680,000 on Jun 29, 2017
20720 Rio Oro Drive
$1,373,968 (our value guesstimate)
Cornelius, NC 28031 ▪  (MLS # 3175412)
2-car garage  ▪   Built: 1973  ▪   Primary Up
4 bed  ▪  2 full & 1 half bath  ▪  3,731 Sq Ft
Sold for $680,000 on Jun 29, 2017
SOLD JUN 29, 2017
WATERFRONT
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SOLD JUN 29, 2017
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SOLD JUN 29, 2017
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SOLD JUN 29, 2017
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SOLD JUN 29, 2017
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SOLD JUN 29, 2017
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$680,000  (sales price)
4 bed  ▪  2 full & 1 half bath  ▪  3,731 Sq Ft
20720 Rio Oro Drive
Cornelius, NC 28031 (MLS # 3175412)
.3 acres  ▪   Built: 1973  ▪   Primary Bedroom Up
Subdivision: Bahia Bay
Cornelius, NC / 28031

Our Value Guesstimate (from Computer Algorithm): $1,373,968

Our computer algorithm has estimated that this home would be likely to sell in a range between $1,167,873 and $1,580,063.
Sale Details
Sales Price: $680,000
Closed: Jun 29, 2017 (2,464 days ago)
List Price: $699,990
Sold for: 97% of list price
Cumulative Days on Market: 372
Price/Sq Ft: $182
Remarks - 20720 Rio Oro Drive
(from previous listing) HUGE PRICE REDUCTION!! Large 3700+- sq.ft. home with estimated '65 feet of waterfront on a quiet deep cove. Renovated main and upper levels. Home has downstairs in-law suite complete with kitchen, laundry with separate entrance.Home has new custom kitchen cabinets with new stainless appliances, new hardwoods, new carpet and new concrete driveway. This is a perfect home for a growing family in a fantastic cul-de-sac location close to Charlotte! HOME SOLD AS IS!
General Info - MLS # 3175412
Parking: Attached, Garage - 2 Car
Year Built: 1973
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Cornelius / Mecklenburg County
Lot Size: .3 acres
Area Schools
9/10
Cornelius Elementary School
Distance: 1.9 mi
10/10
Bailey Middle School
Distance: 3.6 mi
10/10
William Amos Hough High School
Distance: 4.1 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Neighborhood Info
Subdivision: Bahia Bay
Community Features: Boat Ramp, Lake, Recreation Area
Listing History
06/29/2017: MLS Sold for $680,000 (Canopy MLS)
Cumulative Days on Market: 372
More details

County Tax Data
2023 County Tax Assessment: $1,127,300
Next Mecklenburg County Tax Assessment: 2027

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

Are You the Owner?

Inquire about getting a more precise estimate on your home's value from one of our experienced agents


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See Sold Homes in Bahia Bay
SOLD MAR 6, 2024
Sold for $541/Sq Ft & 97% of list
7 cumulative days on market
$1,160,000 (sales price)
3 bed  ▪  2 full bath  ▪  2,143 SqFt
20700 Rio Oro Dr
Cornelius, NC 28031
Bahia Bay
0.0 mi.

SOLD JUN 2, 2023
Sold for $248/Sq Ft & 98% of list
88 cumulative days on market
$790,000 (sales price)
4 bed  ▪  3 full & 1 h. bath  ▪  3,184 SqFt
20615 Rio Oro Dr
Cornelius, NC 28031
Bahia Bay
0.1 mi.

SOLD OCT 4, 2022
Sold for $395/Sq Ft & 97% of list
32 cumulative days on market
$1,120,000 (sales price)
4 bed  ▪  3 full bath  ▪  2,834 SqFt
20710 Rio Oro Dr
Cornelius, NC 28031
Bahia Bay
0.0 mi.

Neighborhood Summary (single family)
Bahia Bay

Sales in:

Median $ / Sq Ft (single family)
Bahia Bay




28031 ZIP Code Trends
28031 ZIP Code Trends

OUR RATING: MODERATELY COMPETITIVE

In Our ZIP Code Analysis (updated daily), we found that 28031 is the 33rd most competitive area for buyers out of 66 ZIP codes analyzed in the Charlotte metro area.

In the 28031 ZIP code, for the past 90 days the following trends have occurred for previously owned homes listed in the Canopy MLS:

15
Median Days
Until Pending
Homes (that actually sold) went under contract after a median of 15 cumulative days on market in the 28031 area. Compare this with the Charlotte metro area median of 17 days on market.

20%
Of Recently Sold Homes
Over Asking Price
20% of previously owned 28031-area homes sold over the asking price (versus 25% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28031.

48%
of Available Homes
Are Under Contract
48% of previously owned 28031-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.

Price Per Square Foot Change
Period 28031 Area Metro Area
1-year - 4% + 3%
2-year + 6% + 2%
5-year +66% +66%
The price per square foot of 28031-area re-sale homes has increased by approximately 66% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $263 per square foot in 28031 over the past 90 days - as compared to $212 for the entire metro area.

15
Median Days
Until Pending

Homes (that actually sold) went under contract after a median of 15 cumulative days on market in the 28031 area. Compare this with the Charlotte metro area median of 17 days on market.

20%
Of Recently Sold Homes
Over Asking Price

20% of previously owned 28031-area homes sold over the asking price (versus 25% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28031.

Price Per Square Foot Change
Period 28031
Area
Metro
Area
1-year - 4% + 3%
2-year + 6% + 2%
5-year +66% +66%

The price per square foot of 28031-area re-sale homes has increased by approximately 66% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $263 per square foot in 28031 over the past 90 days - as compared to $212 for the entire metro area.

48%
of Available Homes
Are Under Contract

48% of previously owned 28031-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.



Our Value Guesstimate: $1,373,968

Our computer algorithm has estimated that this home would be likely to sell in a range between $1,167,873 and $1,580,063.


Sale Details
Sales Price: $680,000
Closed: Jun 29, 2017 (2,464 days ago)
List Price: $699,990
Sold for: 97% of list price
Cumulative Days on Market: 372
Price/Sq Ft: $182
Remarks
(from previous listing) HUGE PRICE REDUCTION!! Large 3700+- sq.ft. home with estimated '65 feet of waterfront on a quiet deep cove. Renovated main and upper levels. Home has downstairs in-law suite complete with kitchen, laundry with separate entrance.Home has new custom kitchen cabinets with new stainless appliances, ne ...
Continue reading

General Info - MLS 3175412
Parking: Attached, Garage - 2 Car
Year Built: 1973
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Cornelius / Mecklenburg County
Lot Size: .3 acres

Neighborhood Info
Subdivision: Bahia Bay
Community Features: Boat Ramp, Lake, Recreation Area
Listing History
06/29/2017: MLS Sold for $680,000 (Canopy MLS)
Cumulative Days on Market: 372
More details

Area Schools
9/10
Cornelius Elementary School
Distance: 1.9 mi
10/10
Bailey Middle School
Distance: 3.6 mi
10/10
William Amos Hough High School
Distance: 4.1 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.


  More Home Details
  Map / Satellite View

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

Are You the Owner?

Inquire about getting a more precise estimate on your home's value from one of our experienced agents


 



1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

Are You the Owner?

Inquire about getting a more precise estimate on your home's value from one of our experienced agents




1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.
If you’re looking to sell a home in the Bahia Bay neighborhood, we’d be happy to discuss this with you. We can also assist homebuyers and sellers in neighborhoods nearby, including Torrence Chapel Estates, Country Club Shores, and Heron Harbor.



CDS Data Share Based on information submitted to the MLS GRID as of 03/28/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. School assignments should be verified and are subject to change. Properties may or may not be listed by the office/agent presenting the information. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Properties reported may be listed or sold by various participants in the MLS. Copyright© 2024 Canopy Multiple Listing Services, Inc. All rights reserved.