NOT LISTED FOR SALE

111 Formosa Dr Wilmington, NC 28403

Rogersville-Bradley Creek Neighborhood

Estimated Value: $619,000 - $708,000

5 Beds
3 Baths
2,357 Sq Ft
$278/Sq Ft Est. Value

Last Sold August 01, 2019

Last sale price $340,000 $144 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $3,833/month

178 Days on Market

Highlights

  • Wood Flooring
  • 1 Fireplace
  • Covered Patio or Porch
  • M.C.S. Noble Middle School Rated A-
  • No HOA
  • Walk-In Closet

About This Home

As of August 2019

Tucked away in the middle of everywhere! It is not often that you find a high-end custom-built new construction home in the heart of Wilmington less than 2.5 miles from Wrightsville Beach bridge, Mayfair and all that this side of town offers for such a low price! This is your chance to buy high end in an area that is going through an awesome transition just off of Eastwood Road! Elegant two-story home features LPV floors, granite counters, custom cabinets, built ins, upgraded custom lighting, fireplace with built ins, cypress clad covered porch ceilings on the front and back porches, great open floor plan with 4 bedrooms AND a bonus room and 3 full bathrooms! This home features a great bedroom on first floor with full bathroom, two bedrooms with shared Jack and Jill on second floor, huge

Last Agent to Sell the Property

Dawn Berard

Sold Buy the Sea Realty License #236951 Listed on: 01/16/2019

Last Buyer's Agent

A Non Member

A Non Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,168

Year Built

  • Built in 2019

Lot Details

  • 7,771 Sq Ft Lot
  • Lot Dimensions are 65x120x64x120
  • Wood Fence
  • Property is zoned R-15

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,357 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Combination Dining and Living Room

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number R05611-003-009-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,168

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: Yes
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 2019
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: 1
  • Flooring: Tile, Wood
  • Heated Sq Ft: 2200 - 2399
  • Interior Amenities: Ceiling Fan(s), Walk-In Closet, Pantry
  • List Price per Sq Ft: 148.45
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedrooms: 5
  • Number Rooms: 8
  • Bedroom 2 Level: First
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Bedroom 5 Level: Second
  • Dining Room Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: Second
  • Sq Ft Heated: 2357.00
  • Total Heated Primary Separate Sq Ft: 2357.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Vinyl Siding
  • Fencing: Wood
  • Foundation: Slab
  • Porch Balcony Deck: Covered, Porch
  • Road Type Frontage: Maintained, Unpaved
  • Roof: Architectural Shingle
  • Waterfront: No

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: Off Street, Paved

Utilities

  • Appliances Equipment: Dishwasher, Stove/Oven - Electric, Refrigerator, Microwave - Built-In
  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer Available, Municipal Water Available

Association/Amenities

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

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 1901.00
  • Lot Acres: 0.18
  • Lot Dimensions: 65x120x64x120
  • Lot Number: 5
  • Lot Sq Ft: 7771.00
  • Plat Book: 63
  • Plat Page: 221
  • Special Assessments: none known
  • Zoning: R-15

Tax Info

  • Tax Identifier: R05611-003-009-000
  • Tax Year: 2018

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2019
Closed on
Jul 18, 2019
Sold by
Coastal Home Corporation
Bought by
Phelps Joseph Michael
Seller's Agent
Dawn Berard
Sold Buy the Sea Realty
Buyer's Agent
A Non Member
A Non Member
List Price
$349,900
Sold Price
$340,000
Premium/Discount to List
-$9,900
-2.83%
Current Estimated Value
$656,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,272
Avg. Annual Appreciation
11.79%
Original Mortgage
$289,000
Outstanding Balance
$256,321
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$413,332

Purchase Details

Closed on
Mar 8, 2018
Sold by
Oleander Land Partners Llc
Bought by
Coastal Home Corporation

Purchase Details

Closed on
Mar 30, 2016
Sold by
Oleandor Land Partners Llc
Bought by
Oleandor Land Partners Llc

Purchase Details

Closed on
Jun 18, 2015
Sold by
New East Nc Llc
Bought by
Oleander Land Partners Llc

Purchase Details

Closed on
Jun 15, 2015
Sold by
Clayman Brad Lee and Clayman Nancy Thomas
Bought by
New East Nc Llc
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 Buyer Sale Price Title Company
Phelps Joseph Michael $340,000 None Available
Coastal Home Corporation $80,000 None Available
Oleandor Land Partners Llc -- None Available
Oleander Land Partners Llc $80,000 None Available
New East Nc Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phelps Joseph Michael $289,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2019 08/01/19 Sold $340,000 -2.8% $144 / Sq Ft
07/13/2019 07/13/19 Pending -- -- --
01/16/2019 01/16/19 For Sale $349,900 -- $148 / Sq Ft
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
2023 $3,168 $364,100 $84,300 $279,800
2022 $3,095 $364,100 $84,300 $279,800
2021 $3,116 $364,100 $84,300 $279,800
2020 $3,473 $329,700 $46,000 $283,700
2019 $3,473 $46,000 $46,000 $0
2018 $485 $46,000 $46,000 $0
2017 $485 $46,000 $46,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Dawn Berard

    Seller's Agent in 2019

    Dawn Berard

    Sold Buy the Sea Realty

    (910) 228-8879

    154 Total Sales

    Dawn Berard
    Section Image

  • A

    Buyer's Agent in 2019

    A Non Member

    A Non Member

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Map

Source: Hive MLS

MLS Number: 100146205

Hive MLS

APN: R05611-003-009-000

North Carolina New Hanover County Wilmington 28403 Rogersville-Bradley Creek

111 Formosa Dr, Wilmington, NC

This home is located at 111 Formosa Dr, Wilmington, NC 28403 since 16 January 2019 and is currently estimated at $656,272, approximately $278 per square foot. This property was built in 2019. 111 Formosa Dr is a home located in New Hanover County with nearby schools including College Park Elementary School, M.C.S. Noble Middle School, and John T. Hoggard High School.

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