Score
0Cornelius, NC
11402 Heritage Green Dr
404K
3 beds
2 baths
1,736 sqft
3 bd • 2 ba • 1,736 sf
This analysis was generated on 2/7/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$404,100
Price/Sq.Ft
$233
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Competitive Price per Square Foot: At $232.78 per square foot, the property is priced competitively compared to some other listings in Cornelius, where prices can exceed $250-$300 per square foot for similar properties, especially near the lake.
• Three Bedrooms and Two Bathrooms: The three-bedroom, two-bathroom layout is suitable for families or individuals who need extra space for guests or a home office.
• Location in Desirable Cornelius: Cornelius is a sought-after town known for its proximity to Lake Norman, good schools, and family-friendly atmosphere. The median income of $94,883 reflects the area's affluence.
• Potential Rental Income: The estimated rental rate for a three-bedroom property in Cornelius is $1,940 per month, suggesting potential for generating rental income if the property is used as an investment.
The Bad
• Unknown Build Year: The missing build year is a major drawback. It makes it difficult to assess the property's condition and potential maintenance needs. Comparable sales data is harder to interpret without knowing the age.
• Lack of Property Description: The absence of a detailed property description makes it difficult to assess the property's features and condition. Buyers must rely solely on the limited information provided and a visual inspection.
• No Utility Information: The lack of utility information makes it impossible to estimate monthly expenses. Utility costs can vary significantly depending on the property's size, insulation, and usage habits.
• No Room Details: Without room details, it's impossible to assess the layout and functionality of the property. Buyers cannot determine if the space meets their needs without a visit.
The Ugly
• No Property Features Listed: The complete lack of listed property features raises concerns about potential issues. It's possible the property lacks desirable amenities or has outdated features.
• Townhome Considerations: Townhomes often come with shared walls and limited private outdoor space, which might not appeal to all buyers.
• Possible Deferred Maintenance: The lack of information on the property's condition could indicate deferred maintenance, potentially leading to costly repairs.
• HOA Fees: Townhome communities typically have HOA fees, which can add to the monthly cost of ownership. The exact amount and what it covers are unknown, adding uncertainty to the budget.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers Seeking a Family-Friendly Community: The location in Cornelius, NC, known for its good schools and community feel, makes this property a strong consideration for raising children. The three-bedroom layout also accommodates families.
• Individuals Valuing Proximity to Lake Norman: While not directly on the lake, the property's location in Cornelius offers relatively easy access to Lake Norman's recreational opportunities.
• Buyers Comfortable with Townhome-Style Living: The property appears to be part of a townhome community, which typically involves shared walls and potentially an HOA. This appeals to those seeking lower-maintenance living.
• Individuals Looking for a Starter Home: At $404,100, this property falls within a reasonable price range for a starter home in the Cornelius market, especially considering the three-bedroom layout.
Not For
• Buyers Seeking Waterfront Property: This property is not waterfront. Those prioritizing direct lake access will need to look elsewhere.
• Individuals Requiring Large Lot Sizes: Townhome communities typically have smaller lot sizes and less private outdoor space.
• Buyers Unwilling to Live Near Others: Townhomes involve shared walls, potentially impacting noise levels and privacy compared to single-family homes.
• Individuals Seeking New Construction: Given the unknown, but likely older, build year, this property will not appeal to buyers wanting a brand-new home.
Demographics
Area Median Income
$94,883
Property History
Price History
Ownership Timeline
$170,000Financed
Jun 28, 2005Heritage Plantation IncKelly J English
Warranty Deed
New Construction Residential Transactions
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
6.0/10
GoodMiddle
9.0/10
ExcellentHigh
8.0/10
ExcellentFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,330
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$404,100
Price/sqft
$233
Layout
3 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$483,167
16.4%
Your price is 16.4% below average
Median Price
$475,000
14.9%
Based on 6 recent sales
Price per Sq.Ft
$274
15.0%
Your price is 15.0% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 19602 Shevington Drive, Cornelius, NC 28031 | $455,000 | 1,747 | 3 | 2 | $26011.9% | 1/8/2025 |
| 11601 Mount Argus Drive, Cornelius, NC 28031 | $460,000 | 2,003 | 3 | 2 | $2301.3% | 1/30/2025 |
| 1338 South Street, Cornelius, NC 28031 | $483,000 | 1,499 | 3 | 2 | $32238.4% | 11/9/2024 |
| 18104 Coulter Parkway, Cornelius, NC 28031 | $600,000 | 2,077 | 3 | 2 | $28924.1% | 9/26/2024 |
| 20141 Lamp Lighters Way, Cornelius, NC 28031 | $475,000 | 1,596 | 3 | 3 | $29827.9% | 12/12/2024 |
| 9119 Glenashley Drive, Cornelius, NC 28031 | $426,000 | 1,746 | 3 | 3 | $2444.8% | 10/2/2024 |
19602 Shevington Drive, Cornelius, NC 28031
Price: $455,000
Sq.Ft: 1,747
Beds/Baths: 3/2
$/Sq.Ft:
$26011.9%
Sale Date: 1/8/2025
11601 Mount Argus Drive, Cornelius, NC 28031
Price: $460,000
Sq.Ft: 2,003
Beds/Baths: 3/2
$/Sq.Ft:
$2301.3%
Sale Date: 1/30/2025
1338 South Street, Cornelius, NC 28031
Price: $483,000
Sq.Ft: 1,499
Beds/Baths: 3/2
$/Sq.Ft:
$32238.4%
Sale Date: 11/9/2024
18104 Coulter Parkway, Cornelius, NC 28031
Price: $600,000
Sq.Ft: 2,077
Beds/Baths: 3/2
$/Sq.Ft:
$28924.1%
Sale Date: 9/26/2024
20141 Lamp Lighters Way, Cornelius, NC 28031
Price: $475,000
Sq.Ft: 1,596
Beds/Baths: 3/3
$/Sq.Ft:
$29827.9%
Sale Date: 12/12/2024
9119 Glenashley Drive, Cornelius, NC 28031
Price: $426,000
Sq.Ft: 1,746
Beds/Baths: 3/3
$/Sq.Ft:
$2444.8%
Sale Date: 10/2/2024
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