$1,374,500
SOLD JUN 11, 2018
0.36 Acre
$3,818,056 Price per Acre
15,682 Sq Ft Lot

Recently Sold

19% Below List Price

806 Days on Market

Highlights

  • 91 Feet of Waterfront
  • Tennis Courts
  • Security Service
  • Porters Neck Elementary School Rated A-

About This Lot

As of November 2024

One of the East Coast's best secrets, Figure Eight Island, is slowly being discovered. This private island (accessed by gated bridge) features miles of unspoiled beach, tidal marshes and waterways. A fisherman or nature lover's paradise, this island is home to only 500 lucky owners. Build the home of your dreams on this magnificent large oceanfront home site on a quiet cul-de-sac. A beacon for generations of family gatherings, this one of a kind island will provide a respite to today's busy lifestyle and a reward for a life time of hard work.

Last Agent to Sell the Property

Vance Young

Intracoastal Realty Corp License #245851 Listed on: 02/01/2016

Intracoastal Realty Corp

Last Buyer's Agent

Judy Parlatore

Figure Eight Realty License #35502

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,129

Lot Details

  • 0.36 Acre Lot
  • 91 Feet of Waterfront
  • Property fronts a private road
  • Property is zoned R-20

HOA Fees

  • $400 Monthly HOA Fees

Property Views

  • Water Views

Schools

  • Blair Elementary School
  • Noble Middle School
  • Laney High School

Listing and Financial Details

  • Tax Lot 99
  • Assessor Parcel Number R03815-001-018-000

Community Details

Overview

  • Figure 8 HOA, Phone Number (910) 686-0635
  • Figure Eight Island Subdivision

Recreation

  • Tennis Courts

Security

  • Security Service

Property Details

Property Type

Land

Est. Annual Taxes

$8,129

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: None
  • Road Type Frontage: Paved, Private
  • Waterfront: Yes
  • Waterview: Yes
  • Total Road Frontage: 93
  • Water Frontage: 91.00

Utilities

  • Fuel Tank: None
  • Service Providers Electric Provider: Progress Energy
  • Utilities: Municipal Water

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Mgmt Fee, Security, Tax Comm Areas, Tennis
  • Annual HOA: 4800.00
  • HOA Company: Figure 8 HOA
  • HOA Phone: 910-686-0635

Lot Info

  • Deed Book: 5481
  • Deed Page: 654.00
  • Lot Number: 99
  • Lot Sq Ft: 15682.00
  • Plat Book: 18
  • Special Assessments: Masons Inlet Project
  • Zoning: R-20
  • Acres: 0.36
  • Deed Restriction: No
  • Environmental Hazard: Unknown
  • Flood Zone: No
  • List Price per Acre: 4708333.33
  • Soil Evaluation: Soil Evaluation - No
  • Topography: See Remarks
  • Lot Number2: 99

Tax Info

  • Tax Identifier: R03815-001-018-000
  • Tax Year: 2016
  • Total Real Estate Property Taxes: 8129.00

MLS Schools

  • Elementary School: Blair
  • High School: Laney
  • Middle School: Noble

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2024
Closed on
Nov 5, 2024
Sold by
Zajac Peggy Ann and Zajac Joseph Paul
Bought by
828 Nc Propertied Llc
Seller's Agent
Kirra Sutton
Figure Eight Realty
Buyer's Agent
Jill Walsh
Keller Williams Innovate-OIB Mainland
List Price
$11,900,000
Sold Price
$11,900,000
Views
42
Current Estimated Value
$6,997,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,902,462
Avg. Annual Appreciation
-48.83%
Original Mortgage
$9,520,000
Outstanding Balance
$9,342,765
Interest Rate
5.16%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$2,046,515

Purchase Details

Listed on
Feb 1, 2016
Closed on
Jun 6, 2018
Sold by
10 Surf Court Llc
Bought by
Zajac Joseph Paul and Zajac Peggy Ann
Seller's Agent
Vance Young
Intracoastal Realty Corp
Buyer's Agent
Judy Parlatore
Figure Eight Realty
List Price
$1,695,000
Sold Price
$1,374,500
Premium/Discount to List
-$320,500
-18.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.96%
Original Mortgage
$974,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2010
Sold by
R G Real Estate Inc
Bought by
10 Surf Court Llc

Purchase Details

Closed on
Aug 11, 1994
Sold by
H I M H
Bought by
R G Real Estate Inc

Purchase Details

Closed on
Jan 1, 1981
Sold by
Continental Illinois Realty
Bought by
I M H H

Purchase Details

Closed on
Dec 1, 1975
Bought by
Continental Illinois Realty
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $11,900,000 None Listed On Document
Warranty Deed $1,374,500 None Available
Warranty Deed $614,000 None Available
Deed $216,000 --
Deed $150,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $9,520,000 Credit Line Revolving
Previous Owner $3,000,000 Construction
Previous Owner $974,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2024 11/08/24 Sold $11,900,000 0.0% $2,543 / Sq Ft
10/07/2024 10/07/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $11,900,000 +765.8% $2,543 / Sq Ft
06/11/2018 06/11/18 Sold $1,374,500 -18.9% --
04/17/2018 04/17/18 Pending -- -- --
02/01/2016 02/01/16 For Sale $1,695,000 -- --
Source: Hive MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,784 $2,623,900 $1,465,500 $1,158,400
2023 $13,778 $2,623,900 $1,465,500 $1,158,400
2022 $13,909 $2,623,900 $1,465,500 $1,158,400
2021 $14,366 $2,623,900 $1,465,500 $1,158,400
2020 $11,339 $1,792,700 $1,351,400 $441,300
2019 $8,548 $1,351,400 $1,351,400 $0
2018 $8,548 $1,351,400 $1,351,400 $0
2017 $9,228 $1,425,200 $1,425,200 $0
2016 $8,129 $1,173,000 $1,173,000 $0
2015 $7,554 $1,173,000 $1,173,000 $0
2014 $7,425 $1,173,000 $1,173,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100001251

Hive MLS

APN: R03815-001-018-000