NOT LISTED FOR SALE

118 Lake Ave Unit 101 Morehead City, NC 28557

Estimated Value: $345,000 - $416,000

2 Beds
2 Baths
1,164 Sq Ft
$325/mo HOA Fee

Last Sold March 05, 2013

Last sale price $150,000 $129 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $2,496/month

191 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Home fronts a sound
  • 1-Story Property
  • Morehead City Primary School Rated A-
  • Home fronts a creek
  • Central Air

About This Home

As of March 2013

LOW SELLING PRICE REFLECTS THE FACT THAT UNIT WAS OFFERED COMPLETELY UNFURNISHED. First floor end unit, freshly painted, waterfront fantastic view of Pelletier Creek, easy access to Bogue Sound and ICW, Deep water harbor, Large Laundry/Tackle Room, Pool & assigned deep water boat slip.

Last Agent to Sell the Property

Kelinda & Linda Rike

Linda Rike Real Estate License #280656/108865 Listed on: 07/23/2012

Last Buyer's Agent

Donald Whiteside

Emerald Isle Realty License #172902

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,414

Year Built

  • Built in 1980

Lot Details

  • Home fronts a creek
  • Home fronts a sound
  • River Front
  • Home fronts a canal

HOA Fees

  • $325 Monthly HOA Fees

Home Design

  • Shingle Roof
  • Wood Siding
  • Vinyl Siding
  • Piling Construction

Interior Spaces

  • 1,164 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deep Water Access

Utilities

  • Central Air

Community Details

  • Mariner Cove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 636615730732101

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,414

Year Built

Built in 1980

Lot Details

0

HOA Fees

$325 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • New Construction: No
  • Stories Levels: One
  • Year Built: 1980
  • Road Frontage Type: Canal Front, River Front, Creek Front
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Dining Room Type: Combination, Kitchen
  • Flooring: Carpet, Vinyl
  • Heated Sq Ft: 1000 - 1199
  • Interior Amenities: Ceiling Fan(s)
  • List Price per Sq Ft: 145.96
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 2
  • Bedroom 2 Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First
  • Sq Ft Heated: 1164.00
  • Total Heated Primary Separate Sq Ft: 1164.00

Exterior Features

  • Exterior Finish: Vinyl Siding, Wood Siding
  • Fencing: None
  • Foundation: Pilings
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: Yes

Garage/Parking

  • Garage And Parking: None
  • Parking Driveway: Paved

Utilities

  • Appliances Equipment: Dishwasher, Refrigerator, Washer, Stove/Oven - Electric, Dryer
  • Cooling System: Central
  • Utilities: Municipal Sewer, Municipal Water

Association/Amenities

  • HOA: Yes
  • HOAAssociationFee1Year: 3900.00

Lot Info

  • Deed Page: 355.00
  • Lot Dimensions: 0 X 0 X 0 X 0
  • Lot Water Features: Deeded Water Access, Water Depth 4+, Sound Side

Tax Info

  • Tax Identifier: 636615730732101
  • Tax Year: 2011
  • Total Real Estate Property Taxes: 1414.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2012
Closed on
Mar 4, 2013
Sold by
Whaley Leo Clemens and Whaley Gloria Ann
Bought by
Wellons Mark A and Wellons Mary D
Seller's Agent
Kelinda & Linda Rike
Linda Rike Real Estate
Buyer's Agent
Donald Whiteside
Emerald Isle Realty
List Price
$179,900
Sold Price
$150,000
Premium/Discount to List
-$29,900
-16.62%
Current Estimated Value
$381,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,880
Avg. Annual Appreciation
7.67%
Original Mortgage
$112,500
Outstanding Balance
$78,883
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$302,997
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
Wellons Mark A $150,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wellons Mark A $112,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2013 03/05/13 Sold $150,000 -16.6% $129 / Sq Ft
01/30/2013 01/30/13 Pending -- -- --
07/23/2012 07/23/12 For Sale $179,900 -- $155 / 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
2025 $2,065 $346,538 $0 $346,538
2024 $1,653 $207,360 $0 $207,360
2023 $720 $207,360 $0 $207,360
2022 $699 $207,360 $0 $207,360
2021 $699 $207,360 $0 $207,360
2020 $699 $207,360 $0 $207,360
2019 $573 $180,000 $0 $180,000
2017 $573 $180,000 $0 $180,000
2016 $573 $180,000 $0 $180,000
2015 $555 $180,000 $0 $180,000
2014 $735 $240,000 $0 $240,000
Source: Public Records

Agents Affiliated with this Home

  • Kelinda & Linda Rike

    Seller's Agent in 2013

    Kelinda & Linda Rike

    Linda Rike Real Estate

    (252) 422-6922

    108 in this area

    394 Total Sales

    Kelinda & Linda Rike
    Section Image
  • Donald Whiteside

    Buyer's Agent in 2013

    Donald Whiteside

    Emerald Isle Realty

    (252) 354-4060

    2 in this area

    196 Total Sales

    Donald Whiteside
    Section Image
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Map

Source: Hive MLS

MLS Number: 11203395

Hive MLS

APN: 6366.15.73.0732101

North Carolina Carteret County Morehead City 28557

118 Lake Ave Unit 101, Morehead City, NC

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