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Terra Vista Realty
16822 Lake Shore Drive
16822 Lake Shore Drive
$2,167,332 (our value guesstimate)
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Cornelius, NC 28031 ▪  (MLS # 3641377)
2-car garage  ▪   Built: 1968  ▪   Primary Up
4 bed  ▪  3 full & 1 half bath  ▪  3,317 Sq Ft
Sold for $1,375,000 on Oct 27, 2020
16822 Lake Shore Drive
$2,167,332 (our value guesstimate)
Cornelius, NC 28031 ▪  (MLS # 3641377)
2-car garage  ▪   Built: 1968  ▪   Primary Up
4 bed  ▪  3 full & 1 half bath  ▪  3,317 Sq Ft
Sold for $1,375,000 on Oct 27, 2020
SOLD OCT 27, 2020
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$1,375,000  (sales price)
4 bed  ▪  3 full & 1 half bath  ▪  3,317 Sq Ft
16822 Lake Shore Drive
Cornelius, NC 28031 (MLS # 3641377)
.79 acres  ▪   Built: 1968  ▪   Primary Bedroom Up
Subdivision: Lake Norman Island
Cornelius, NC / 28031

Our Value Guesstimate (from Computer Algorithm): $2,167,332

Our computer algorithm has estimated that this home would be likely to sell in a range between $1,842,232 and $2,492,432.
Sale Details
Sales Price: $1,375,000
Closed: Oct 27, 2020 (1,248 days ago)
List Price: $1,400,000
Sold for: 98% of list price
Cumulative Days on Market: 1
Price/Sq Ft: $415
Remarks - 16822 Lake Shore Drive
(from previous listing) Waterfront ,mid-century modern, two story home with basement on .79 level acres in Norman Island. City water/sewer. Fully refinished pier, covered dock w/ metal roof, heated/cooled boathouse (built 2018), long pier, boat lift, floating dock, sandy beach area, 360 view from gazebo. Beautiful backyard, large raised rear deck, master bedroom veranda, screened in porch on the basement level & sunroom on the main level. Original home was built in 1986, but the current owner has made many improvements ...
Continue reading

General Info - MLS # 3641377
Parking: Attached, Garage - 2 Car
Year Built: 1968
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Cornelius / Mecklenburg County
Lot Size: .79 acres
Area Schools
10/10
J.V. Washam Elementary School
Distance: 2.6 mi
10/10
Bailey Middle School
Distance: 4.1 mi
10/10
William Amos Hough High School
Distance: 4.6 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Neighborhood Info
Subdivision: Lake Norman Island
Listing History
10/27/2020: MLS Sold for $1,375,000 (Canopy MLS)
Cumulative Days on Market: 1
More details

County Tax Data
2023 County Tax Assessment: $2,151,600
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?

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  More Home Details
  Map / Satellite View

See Sold Homes in Lake Norman Island
SOLD OCT 4, 2023
Sold for $365/Sq Ft & 95% of list
184 cumulative days on market
$840,000 (sales price)
4 bed  ▪  3 full & 0 h. bath  ▪  2,304 SqFt
17021 Island View Dr
Cornelius, NC 28031
Lake Norman Island
0.1 mi.

SOLD JUN 22, 2023
Sold for $320/Sq Ft & 85% of list
70 cumulative days on market
$575,000 (sales price)
3 bed  ▪  2 full bath  ▪  1,796 SqFt
6916 Norman Island Dr
Cornelius, NC 28031
Lake Norman Island
0.1 mi.

SOLD JUL 26, 2022
Sold for $465/Sq Ft & 104% of list
2 cumulative days on market
$975,000 (sales price)
4 bed  ▪  2 full bath  ▪  2,097 SqFt
16825 Lake Shore Dr
Cornelius, NC 28031
Lake Norman Island
0.0 mi.

Neighborhood Summary (single family)
Lake Norman Island

Sales in:

Median $ / Sq Ft (single family)
Lake Norman Island




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: $2,167,332

Our computer algorithm has estimated that this home would be likely to sell in a range between $1,842,232 and $2,492,432.


Sale Details
Sales Price: $1,375,000
Closed: Oct 27, 2020 (1,248 days ago)
List Price: $1,400,000
Sold for: 98% of list price
Cumulative Days on Market: 1
Price/Sq Ft: $415
Remarks
(from previous listing) Waterfront ,mid-century modern, two story home with basement on .79 level acres in Norman Island. City water/sewer. Fully refinished pier, covered dock w/ metal roof, heated/cooled boathouse (built 2018), long pier, boat lift, floating dock, sandy beach area, 360 view from gazebo. Beautiful backyard ...
Continue reading

General Info - MLS 3641377
Parking: Attached, Garage - 2 Car
Year Built: 1968
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Cornelius / Mecklenburg County
Lot Size: .79 acres

Neighborhood Info
Subdivision: Lake Norman Island
Listing History
10/27/2020: MLS Sold for $1,375,000 (Canopy MLS)
Cumulative Days on Market: 1
More details

Area Schools
10/10
J.V. Washam Elementary School
Distance: 2.6 mi
10/10
Bailey Middle School
Distance: 4.1 mi
10/10
William Amos Hough High School
Distance: 4.6 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 Lake Norman Island neighborhood, we’d be happy to discuss this with you. We can also assist homebuyers and sellers in neighborhoods nearby, including 100 Norman Place, Sterling Pointe, and Mariner Villas.



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.