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20631 Island Forest Drive
20631 Island Forest Drive
$1,063,493 (our value guesstimate)
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Cornelius, NC 28031 ▪  (MLS # 3348500)
Built: 1973
3 bed  ▪  2 full bath  ▪  1,822 Sq Ft
Sold for $550,000 on Apr 06, 2018
20631 Island Forest Drive
$1,063,493 (our value guesstimate)
Cornelius, NC 28031 ▪  (MLS # 3348500)
Built: 1973
3 bed  ▪  2 full bath  ▪  1,822 Sq Ft
Sold for $550,000 on Apr 06, 2018
SOLD APR 6, 2018
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$550,000  (sales price)
3 bed  ▪  2 full bath  ▪  1,822 Sq Ft
20631 Island Forest Drive
Cornelius, NC 28031 (MLS # 3348500)
.23 acres  ▪   Built: 1973
Subdivision: Island Forest
Cornelius, NC / 28031

Our Value Guesstimate (from Computer Algorithm): $1,063,493

Our computer algorithm has estimated that this home would be likely to sell in a range between $903,969 and $1,223,017.
Sale Details
Sales Price: $550,000
Closed: Apr 6, 2018 (2,183 days ago)
List Price: $625,000
Sold for: 88% of list price
Cumulative Days on Market: 32
Price/Sq Ft: $302
Remarks - 20631 Island Forest Drive
(from previous listing) Looking for an affordable place on Lake Norman to enjoy year round waterfront and amazing sunsets? This could be the end of your search! Sandy beach, pier and floating dock. Enjoy fishing, swimming, boating, beach time, cookouts and did I say amazing sunsets? Updated kitchen with wood cabinets, granite and stainless appliances. Three spacious bedrooms up and huge bonus room with built-ins in basement. Convenient laundry shoot from upper bath to basement laundry. Storage building provides l ...
Continue reading

General Info - MLS # 3348500
Parking: Parking Space - 4+
Year Built: 1973
Listing Status: Sold
Property Type: Single Family Home
Location: Cornelius / Mecklenburg County
Lot Size: .23 acres
Area Schools
9/10
Cornelius Elementary School
Distance: 2.8 mi
10/10
Bailey Middle School
Distance: 4.6 mi
10/10
William Amos Hough High School
Distance: 5.0 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Neighborhood Info
Subdivision: Island Forest
Community Features: Lake
Listing History
04/06/2018: MLS Sold for $550,000 (Canopy MLS)
Cumulative Days on Market: 32
More details

County Tax Data
2023 County Tax Assessment: $1,211,800
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
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See Sold Homes in Island Forest
SOLD OCT 3, 2023
Sold for $643/Sq Ft & 100% of list
62 cumulative days on market
$2,100,000 (sales price)
4 bed  ▪  3 full & 1 h. bath  ▪  3,267 SqFt
20509 Island Forest Dr
Cornelius, NC 28031
Island Forest
0.1 mi.

SOLD MAY 15, 2023
Sold for $605/Sq Ft & 100% of list
0 cumulative days on market
$1,100,000 (sales price)
3 bed  ▪  2 full & 1 h. bath  ▪  1,818 SqFt
20907 Island Forest Dr
Cornelius, NC 28031
Island Forest
0.1 mi.

SOLD MAR 14, 2023
Sold for $468/Sq Ft & 109% of list
3 cumulative days on market
$1,301,000 (sales price)
3 bed  ▪  2 full & 1 h. bath  ▪  2,777 SqFt
20714 Eastpoint Dr
Cornelius, NC 28031
Island Forest
0.1 mi.

Neighborhood Summary (single family)
Island Forest

Sales in:

Median $ / Sq Ft (single family)
Island Forest




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: $1,063,493

Our computer algorithm has estimated that this home would be likely to sell in a range between $903,969 and $1,223,017.


Sale Details
Sales Price: $550,000
Closed: Apr 6, 2018 (2,183 days ago)
List Price: $625,000
Sold for: 88% of list price
Cumulative Days on Market: 32
Price/Sq Ft: $302
Remarks
(from previous listing) Looking for an affordable place on Lake Norman to enjoy year round waterfront and amazing sunsets? This could be the end of your search! Sandy beach, pier and floating dock. Enjoy fishing, swimming, boating, beach time, cookouts and did I say amazing sunsets? Updated kitchen with wood cabinets, ...
Continue reading

General Info - MLS 3348500
Parking: Parking Space - 4+
Year Built: 1973
Listing Status: Sold
Property Type: Single Family Home
Location: Cornelius / Mecklenburg County
Lot Size: .23 acres

Neighborhood Info
Subdivision: Island Forest
Community Features: Lake
Listing History
04/06/2018: MLS Sold for $550,000 (Canopy MLS)
Cumulative Days on Market: 32
More details

Area Schools
9/10
Cornelius Elementary School
Distance: 2.8 mi
10/10
Bailey Middle School
Distance: 4.6 mi
10/10
William Amos Hough High School
Distance: 5.0 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 Island Forest neighborhood, we’d be happy to discuss this with you. We can also assist homebuyers and sellers in neighborhoods nearby, including Catarina Bay, Biscayne Park, and Pointe Regatta.



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.