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 It's possible the property lacks desirable amenities or has outdated features.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.
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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
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Sunlight Analysis
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Risk Assessment
Risk Analysis
• Unknown Build Year: The lack of information on the property's age is a significant risk. Older homes may have outdated systems (electrical, plumbing, HVAC) requiring costly repairs or replacements. A thorough inspection is essential.
• HOA Restrictions: Townhome communities are typically governed by HOAs, which can impose restrictions on exterior modifications, landscaping, and even pet ownership. Review the HOA documents carefully before making an offer.
• Traffic Congestion: Cornelius experiences traffic congestion, particularly during peak hours. This could impact commute times and access to amenities.
• Potential for Special Assessments: HOAs can levy special assessments to cover unexpected repairs or improvements, potentially adding significant costs to homeownership.
Cost & Affordability
Monthly Costs
Breakdown of estimated monthly expenses for this property
Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements
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$404 monthly
$83 monthly
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Schools
Bailey Middle School
Public•Grades 6-8
9/10
Middle
1,612 students
William Amos Hough High
Public•Grades 9-12
8/10
High
2,683 students
J.v. Washam Elementary
Public•Grades K-5
6/10
Elementary
1,078 students
Financials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow®$1,940
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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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