What's My Home Worth - CMA

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Lake Norman
Cornelius
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Lake Wylie
Mountain Island Lake
Charlotte

 

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Lake Norman Real Estate FAQ's

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How large is Lake Norman?

Approximately 530 miles of shoreline containing 33,000 + acres. Touches Huntersville, Cornelius, Davidson, Mooresville, Troutman, Sherrills Ford, Catawba and Denver.

See www.lakerealty.com/Lake Norman.htm for more information.

How much (if any) do they drop Lake Norman and the other lakes in your area each winter?

The lake level does move up and down based on the need, energy requirement, pending heavy snow or rain. Full pond in 100' (760 sea level) and the lowest target level is 92 ft.

See this link for lake levels: http://www.duke-energy.com/lakes/levels.asp

Is there specific zoning regulations when it comes to waterfront building of docks and piers?

Yes, the Lake Norman Marine Comission has specific guidelines tailored to each city and country along Lake Norman. See the following links below for a helpful guide to Lake Norman waterfront building.

Lake Norman Waterfront Building

Zoning Regulations for Water Related Structures

How can you keep shoreline property from natural and man made erosion?

Lake Norman is a man made reservoir which means it is acceptable to large amounts of erosion on the banks. Do not get stuck watching your property wash away, take a look at the link below for tips to help prevent erosion.

Lake Norman Shoreline Management

How far from Charlotte NC?

From 15 miles (Huntersville) to 32 miles (Troutman) on the east side of Lake Norman. Approximately 15 miles (Denver) to 35 miles (Catawba) on the west side. Add 5 miles to these figures for Charlotte-Douglas International Airport.

Are there restaurants on Lake Norman?

Accessible by boat are Midtown Sundries - Cornelius,, North Harbor Club - Davidson, Peninsula Yacht Club (private) - Cornelius, The Pointe Club (private) - Mooresville, Rusty Rudder - Cornelius, The Landing Restaurant at Lake Norman Motel - Mooresville, Saragoni's Ristorante Italiano - Mooresville, Dockside Cafe - Huntersville, Catawba Queen & Catawba Belle (paddle boats) - Mooresville, Blue Parrott - Mooresville, B.J. Duck's Lakeside Deli - Mooresville.

Where can I find out more about nightlife on Lake Norman and Charlotte?

Lake Norman
By visiting www.lknfun.com you can see what's happening at our local venus such as live performances, miscellaneous get togethers, specials deals and more.

Charlotte
MingleBerry.com has provided an extensive on-line entertainment guide of the trendiest places to see and be seen in Charlotte since 2005. Content includes up-to-date information pertaining to restaurants, bars, clubs, concerts, special events art, theatre, and much more.

How can I get Info on community Events in the Greater Charlotte area?

704Events.com is a community calendar of local events for Charlotte North Carolina. We have a variety of listings from kids events to Charlotte events, Charlotte calendar, coupons and- more.

What are the property tax rates in the Lake Norman area?

Property Tax rates vary per city and county. Please see the link below for more information.

Property Tax Rates and Latest Year of Revaluation

Where can I go shopping?

The Charlotte Metro area offers a wide array of shopping experiences.

A few popular shopping spots are: Northlake Mall Birkdale Village Concord Mills Mall

Tell me about the water quality of the Catawba River.

Follow these links to know more: Catawba Riverkeeper Foundation History of The Catawba River Corridor

What type of fish are in Lake Norman and how do I get more information on fishing on the lake?

Fishing on Lake Norman Lake Norman Fishing Report, North Carolina Fishing Report Fishing, Lake Norman North Carolina Fishing Tips for Lake Norman, North Carolina

Where are the Lake Norman Marinas and Access areas?

Lake Norman Lake / Boat Access Areas

What else does NC have to offer?

The ocean 4 hrs. away. The mountains 2 hrs. away. Best Beaches are just a mornings drive to Charleston, Hilton Head, Savannah, Myrtle Beach .Sports teams: Panthers, Bobcats, Nascar Racing, Charlotte Knights Baseball.

Where do I go to find active adult communities in the Charlotte area?

Well there are lots of great resources out there.

The best website links that we have found are:
http://www.55communityguide.com
http://www.newretirementcommunities.com
http://www.retirenet.com

http://www.newhomeguide.com.

These links are guaranteed to be valuable resources for anyone looking for 55+ communities in the metro-Charlotte area.

What type Radon Test is best?

  • Charcoal Absorption Canister: This is the most common radon test available and usually the least expensive. Testing consists of a charcoal-filled canister which is left in the home for a period of two to seven days. Then the test is sealed and sent to a laboratory for analysis. The lab will usually mail the result back to you within one week. This testing method is relatively inexpensive and reliable if done properly. However, it can take up to three weeks from the start of the test until the result is received.
  • Continuous Monitors: These devices are among the more expensive radon tests available but have several distinct advantages. Continuous monitors sample air over a minimum two-day period and can produce hourly radon readings. In addition to the test result being immediately available upon test completion, the hour-by-hour test result can be analyzed to check for unusual air patterns in the house. This test is often chosen by people buying a house to make sure the "closed building condition" requirement is met by the sellers.

Waiting Period Requirements to Buy a Home Again.
The waiting periods in order to qualify for a home loan after a foreclosure, deed-in-lieu, short sale and bankruptcy varies both by the government agency purchasing or insuring the loan as well as the dollar amount of the loan.

Federal Housing Administration (FHA) Foreclosure is 3 years, Deed-in Lieu is 3 years, Short Sale is 3 years, Bankruptcy is 2 years
Veterans Administration (VA)
Foreclosure is 2 years, Deed-in Lieu is 2 years, Short Sale is 2 years, Bankruptcy is 2 years
Conventional Conforming (FNMA/FHLMC)
Foreclosure is 7 years, Deed-in-Lieu is 4 years < 80% LTV and 5 years > 80% LTV for primary residences. 7 years for second homes and investment properties regardless of LTV, Short Sales is 2 years < 80% LTV and 5 years > 80% LTV and 7 years > 90% LTV, Bankruptcy is 4 years
Conventional Non-Conforming (JUMBO), Foreclosure is 7 years, Deed-in-Lieu is 7 years, Short Sale is 7 years, Bankruptcy is 7 years