NOT LISTED FOR SALE

1003 Shepard St Morehead City, NC 28557

Estimated Value: $1,263,000 - $1,347,128

0.3 Acre
$4,350,213 Price per Acre
13,068 Sq Ft Lot

Last Sold February 09, 2022

Last sale price $1,275,000

Est. 2% increase in value since last sale

Current estimated payment $8,324/month

12 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 50 Feet of Waterfront
  • Boat Slip
  • Morehead City Primary School Rated A-
  • Boat Dock
  • 1-minute walk to Shevans Park

About This Lot

As of February 2022

The most unique building lot opportunity in Morehead City - situated in The Promise Land, this direct sound front lot includes TWO deep water boat slips (Boat Slip #6 and #7) all just steps from the heart of downtown! Build your waterfront dream home and enjoy private dockage and a sandy beach. Promise Landing is conveniently located on Shepard Street between 10th and 11th Streets. Note: there is one sound front site currently available (1003 Shepard St), as well as, one second row site (1007 Shepard St).

Last Agent to Sell the Property

Mary Cheatham King

Keller Williams Crystal Coast Listed on: 01/12/2022

Keller Williams Crystal Coast

Last Buyer's Agent

Syndie Earnhardt

Bluewater Real Estate - EI License #174192

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,855

Lot Details

  • 0.3 Acre Lot
  • 50 Feet of Waterfront
  • Home fronts a sound
  • Level Lot
  • Cleared Lot
  • Property is zoned R5S

HOA Fees

  • $33 Monthly HOA Fees

Property Views

  • Water Views

Schools

  • Morehead City Elementary School
  • Morehead City Middle School
  • West Carteret High School

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 638619601503000

Community Details

Overview

  • Promise Landing HOA
  • The Promise Land Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Picnic Area

Recreation

  • Boat Dock
  • Community Boat Slip
  • Tennis Courts
  • Community Playground
  • Deeded Waterfront Access Rights
  • Boat Slip

Property Details

Property Type

Land

Est. Annual Taxes

$4,855

Lot Details

0

HOA Fees

$33 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: Maintained, Paved, Public (City/Cty/St)
  • Waterfront: Yes
  • Waterview: Yes
  • Water Frontage: 50.00

Utilities

  • Fuel Tank: None
  • Utilities: Municipal Sewer Available, Municipal Water Available

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Boat Slip - Assign, Dock, Picnic Grounds, Playground, Sidewalk, Tennis
  • Annual HOA: 400.00
  • HOA Company: Promise Landing HOA

Lot Info

  • Deed Book: 1430
  • Deed Page: 85.00
  • Lot Dimensions: Plat maps under documents
  • Lot Number: 3
  • Lot Sq Ft: 13150.00
  • Lot Water Features: Boat Dock, Boat Slip, Deeded Water Access, Deeded Water Rights, Deeded Waterfront, Sound Side, Water Access Comm, Waterfront Comm
  • Zoning: R5S
  • Acres: 0.30
  • Current Use: Residential
  • Deed Restriction: Yes
  • Environmental Hazard: Unknown
  • List Price per Acre: 2996666.67
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared, Level
  • Lot Number2: 3

Tax Info

  • Tax Identifier: 638619601503000
  • Tax Year: 2022
  • Total City Real Estate Property Tax: 2599.00
  • Total Real Estate Property Taxes: 4855.00

MLS Schools

  • Elementary School: Morehead City Elem
  • High School: West Carteret
  • Middle School: Morehead City

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2024
Sold by
Outdoor Holdings Llc
Bought by
Price Mason J and Price Lauren S
Current Estimated Value
$1,305,064

Purchase Details

Listed on
Jan 12, 2022
Closed on
Feb 4, 2022
Sold by
Lewis Phillip A
Bought by
Outdoor Holdings Llc
Seller's Agent
Mary Cheatham King
Keller Williams Crystal Coast
Buyer's Agent
Syndie Earnhardt
Bluewater Real Estate - EI
List Price
$899,000
Sold Price
$1,275,000
Premium/Discount to List
$376,000
41.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.63%

Purchase Details

Closed on
Dec 11, 2012
Sold by
Croatan Investments Co Llc
Bought by
Lewis Phillip A
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 Buyer Sale Price Title Company
Price Mason J $1,317,000 None Listed On Document
Outdoor Holdings Llc $2,550 Taylor And Taylor Pa
Lewis Phillip A $800,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2022 02/09/22 Sold $1,275,000 +41.8% --
01/24/2022 01/24/22 Pending -- -- --
01/12/2022 01/12/22 For Sale $899,000 -- --
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
2025 $17,107 $2,997,132 $1,123,148 $1,873,984
2024 $5,128 $683,789 $683,789 $0
2023 $2,325 $683,789 $683,789 $0
2022 $2,257 $683,789 $683,789 $0
2021 $2,257 $683,789 $683,789 $0
2020 $2,257 $683,789 $683,789 $0
2019 $1,796 $579,450 $579,450 $0
2017 $1,796 $579,450 $579,450 $0
2016 $1,796 $579,450 $579,450 $0
2015 $1,738 $579,450 $579,450 $0
2014 $1,411 $470,263 $470,263 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100307555

Hive MLS

APN: 6386.19.60.1503000