$425,000
SOLD MAY 6, 2022

101 Melaine St Emerald Isle, NC 28594

0.33 Acre
$1,287,879 Price per Acre
14,375 Sq Ft Lot

Recently Sold

17% Below List Price

191 Days on Market

Highlights

  • Water Views
  • Ocean Side of Freeway
  • Corner Lot
  • White Oak Elementary School Rated A-
  • Wooded Lot
  • No HOA

About This Lot

As of May 2022

Rare second row lot to the OCEANFRONT with potential for amazing oceanfront views as well as sound front views!! This lot has great elevation an average grade at 15ft which could put first floor elevation 1 foot above flood stage! Additionally building and roof height can reach 35 feet giving you rare striking and eye-catching views of both the ocean and sound! Giving you the ability to see fireworks from both the island towns and Morehead City!This lot has been approved for a duplex with 2 bedrooms on each side or build your 4 bedroom dream beach home. Septic permit in hand. Beach access is just across the street. Build you dream home, sit on the deck enjoying a glass of wine or lemonade with the ocean breeze and be able to walk just across the street and admire the sunset or stars with your toes in the sand!This lot will give you central access to the island where you can enjoy Atlantic Beach, Indian Beach, Salter Path and Pine Knoll Shores all while having a quiet nestled spot to enjoy all that the island and Emerald Isle has to offer! Seller also has copyrighted plans drawn and available for purchase.

Last Agent to Sell the Property

Alyssa Crane

Crystal Coast Realty Group License #251140 Listed on: 07/29/2021

Last Buyer's Agent

Beth Smith

Keller Williams Realty License #279569

Keller Williams Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,335

Lot Details

  • 0.33 Acre Lot
  • Corner Lot
  • Wooded Lot

Property Views

  • Water Views

Schools

  • Newport Elementary School
  • Broad Creek Middle School
  • Croatan High School

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 631413120754000

Community Details

Overview

  • No Home Owners Association

Recreation

  • Ocean Side of Freeway

Property Details

Property Type

Land

Est. Annual Taxes

$1,335

Lot Details

0

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: No
  • Waterview: Yes
  • Total Road Frontage: 240

Utilities

  • Fuel Tank: None
  • Service Providers Electric Provider: Carteret-Craven Electric Cooperative
  • Utilities: Municipal Water Available

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Book: 1626
  • Deed Page: 241.00
  • Lot Description: Corner Lot
  • Lot Number: 25
  • Lot Sq Ft: 14375.00
  • Lot Water Features: Ocean Side, Second Row
  • Plat Book: 8
  • Plat Page: 98
  • Zoning: R
  • Acres: 0.33
  • Deed Restriction: No
  • Environmental Hazard: No
  • List Price per Acre: 1360606.06
  • Soil Evaluation: Soil Evaluation - Yes
  • Topography: Wooded
  • Lot Number2: 25

Tax Info

  • Tax Identifier: 631413120754000
  • Tax Year: 2020
  • Total Real Estate Property Taxes: 1334.72

MLS Schools

  • Elementary School: Newport
  • High School: Croatan
  • Middle School: Broad Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
May 5, 2022
Sold by
Perch Place Llc
Bought by
Ramarque Home Builders Llc
Seller's Agent
Alyssa Crane
Crystal Coast Realty Group
Buyer's Agent
Beth Smith
Keller Williams Realty
List Price
$515,000
Sold Price
$425,000
Premium/Discount to List
-$90,000
-17.48%
Current Estimated Value
$2,355,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,930,500
Avg. Annual Appreciation
83.54%
Original Mortgage
$1,330,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 5, 2014
Closed on
Dec 11, 2018
Sold by
Wilson Henry L and Wilson Betty C
Bought by
Perch Place Llc
Seller's Agent
Donald Whiteside
Emerald Isle Realty
Buyer's Agent
Alyssa Mayer
The Star Team
List Price
$345,500
Sold Price
$215,000
Premium/Discount to List
-$130,500
-37.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.34%
Original Mortgage
$139,750
Interest Rate
4.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
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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 $425,000 --
Warranty Deed $215,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,100,000 New Conventional
Closed $2,016,000 New Conventional
Closed $1,330,000 New Conventional
Previous Owner $72,000 New Conventional
Previous Owner $139,750 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2022 05/06/22 Sold $425,000 -5.3% --
02/05/2022 02/05/22 Pending -- -- --
01/31/2022 01/31/22 Price Changed $449,000 -3.4% --
09/09/2021 09/09/21 Price Changed $465,000 -6.1% --
08/22/2021 08/22/21 Price Changed $495,000 -3.9% --
07/29/2021 07/29/21 For Sale $515,000 +139.5% --
12/21/2018 12/21/18 Sold $215,000 -37.8% --
10/21/2018 10/21/18 Pending -- -- --
08/05/2014 08/05/14 For Sale $345,500 -- --
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 $29 $488,543 $275,200 $213,343
2023 $3,839 $488,543 $275,200 $213,343
2022 $1,362 $275,200 $275,200 $0
2021 $1,335 $275,200 $275,200 $0
2020 $1,335 $275,200 $275,200 $0
2019 $1,169 $377,126 $377,126 $0
2017 $1,169 $377,126 $377,126 $0
2016 $1,169 $377,126 $377,126 $0
2015 $1,131 $377,126 $377,126 $0
2014 -- $358,311 $358,311 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100283640

Hive MLS

APN: 6314.13.12.0754000