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Terra Vista Realty
21123 Torrence Chapel Road
21123 Torrence Chapel Road
$4,415,511 (our value guesstimate)
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Cornelius, NC 28031 ▪  (MLS # 3448085)
3-car garage  ▪   Built: 2008  ▪   Primary Up
5 bed  ▪  5 full & 3 half bath  ▪  8,249 Sq Ft
Sold for $3,550,000 on Dec 10, 2021
21123 Torrence Chapel Road
$4,415,511 (our value guesstimate)
Cornelius, NC 28031 ▪  (MLS # 3448085)
3-car garage  ▪   Built: 2008  ▪   Primary Up
5 bed  ▪  5 full & 3 half bath  ▪  8,249 Sq Ft
Sold for $3,550,000 on Dec 10, 2021
SOLD DEC 10, 2021
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$3,550,000  (sales price)
5 bed  ▪  5 full & 3 half bath  ▪  8,249 Sq Ft
21123 Torrence Chapel Road
Cornelius, NC 28031 (MLS # 3448085)
5.05 acres  ▪   Built: 2008  ▪   Primary Bedroom Up
Cornelius, NC / 28031

Our Value Guesstimate (from Computer Algorithm): $4,415,511

Our computer algorithm has estimated that this home would be likely to sell in a range between $3,753,184 and $5,077,838.
Sale Details
Sales Price: $3,550,000
Closed: Dec 10, 2021 (839 days ago)
List Price: $3,600,000
Sold for: 99% of list price
Cumulative Days on Market: 1084
Price/Sq Ft: $430
Remarks - 21123 Torrence Chapel Road
(from previous listing) Charlotte area's most spectacular estate is not only gated and private but, on 5+acres of property. Plus, 20 minutes to Uptown Charlotte! Experience resort living at its finest. This magnificent property is for those who want to get away from it all but be convenient to shopping, restaurants and all that the Lake Norman area has to offer! When entering the expansive two story foyer, the casualness of the adjoining 2 story gathering room sets the tone for the elegant, yet relaxed layout..the perf ...
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General Info - MLS # 3448085
Parking: Detached, Garage - 3 Car, Parking Lot
Year Built: 2008
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Cornelius / Mecklenburg County
Lot Size: 5.05 acres
Area Schools
9/10
Cornelius Elementary School
Distance: 1.0 mi
10/10
Bailey Middle School
Distance: 2.7 mi
10/10
William Amos Hough High School
Distance: 3.2 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Listing History
12/10/2021: MLS Sold for $3,550,000 (Canopy MLS)
Cumulative Days on Market: 1084
More details

County Tax Data
2023 County Tax Assessment: $3,718,700
Next Mecklenburg County Tax Assessment: 2027
2023 Property Taxes: $24,075

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


  More Home Details
  Map / Satellite View

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: $4,415,511

Our computer algorithm has estimated that this home would be likely to sell in a range between $3,753,184 and $5,077,838.


Sale Details
Sales Price: $3,550,000
Closed: Dec 10, 2021 (839 days ago)
List Price: $3,600,000
Sold for: 99% of list price
Cumulative Days on Market: 1084
Price/Sq Ft: $430
Remarks
(from previous listing) Charlotte area's most spectacular estate is not only gated and private but, on 5+acres of property. Plus, 20 minutes to Uptown Charlotte! Experience resort living at its finest. This magnificent property is for those who want to get away from it all but be convenient to shopping, restaurants and all ...
Continue reading

General Info - MLS 3448085
Parking: Detached, Garage - 3 Car, Parking Lot
Year Built: 2008
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Cornelius / Mecklenburg County
Lot Size: 5.05 acres

Listing History
12/10/2021: MLS Sold for $3,550,000 (Canopy MLS)
Cumulative Days on Market: 1084
More details

Area Schools
9/10
Cornelius Elementary School
Distance: 1.0 mi
10/10
Bailey Middle School
Distance: 2.7 mi
10/10
William Amos Hough High School
Distance: 3.2 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.



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.