NOT LISTED FOR SALE

118 Point Ln St. Simons Island, GA 31522

Saint Simons Neighborhood

Estimated Value: $3,859,000 - $5,531,000

3.46 Acres
$1,374,978 Price per Acre
150,718 Sq Ft Lot

Last Sold December 02, 2016

Last sale price $600,000

Est. 693% increase in value since last sale

Current estimated payment $30,496/month

118 Days on Market

Highlights

  • Gated Community
  • 3.46 Acre Lot
  • Landscaped
  • St. Simons Elementary School Rated A-
  • Private Membership Available

About This Lot

As of December 2016

Just reduced and Seller is ready to sell! Appraisal is 1.5M on property. Don't miss this once in a lifetime opportunity to purchase a one of a kind private island consisting of 3.4 acres with almost 3 acres upland. Build your dream home on this private island lot within the gates of beautiful Kings Point (A Sea Island Property). It's surrounded by breathtaking panoramic marsh views and enough space to have your own private compound. Application rights to a full Sea Island membership is available with this property.

Last Agent to Sell the Property

Michael Banker

Banker Real Estate License #338485 Listed on: 07/07/2016

Co-Listed By

Victor Long

Banker Real Estate License #358373

Last Buyer's Agent

Joe Fendig

Fendig Realty, Inc. License #256005

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $40,009

Lot Details

  • 3.46 Acre Lot
  • Landscaped

HOA Fees

  • $660 Monthly HOA Fees

Schools

  • St. Simons Elementary School
  • Glynn Middle School
  • Glynn Academy High School

Listing and Financial Details

  • Assessor Parcel Number 04-11187

Community Details

Overview

  • Private Membership Available
  • Kings Point Subdivision

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$40,009

Lot Details

0

HOA Fees

$660 per month

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 3.46
  • Lot Size: 0,0,0,0
  • Road Frontage Type: City Street
  • Co List Office Mls Id: 1152
  • Co List Office Phone: 912-638-1808
  • Subdivision Name: Kings Point
  • Directions: St. Simons Causeway to Kings Way. Private gate into Kings Point is on the right across from the St. Simons Island Club.
  • Carport Y N: No
  • Property Sub Type Additional: Residential,Unimproved Land
  • Special Features: None

Exterior Features

  • Lot Features: Flood Zone, Landscaped
  • Waterfront: No

Utilities

  • Security: Gated Community

Condo/Co-op/Association

  • Amenities: Gated, Private Membership
  • Association Fee: 660.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: St. Simons
  • High School: Glynn Academy
  • Middle Or Junior School: Glynn Middle

Lot Info

  • Parcel #: 04-11187
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2019
Sold by
Mathew724llc
Bought by
Dunn Michael J and Dunn Leisa
Current Estimated Value
$4,757,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Outstanding Balance
$1,160,079
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$3,597,344

Purchase Details

Listed on
Jul 7, 2016
Closed on
Nov 30, 2016
Sold by
Lkp 1 Llc
Bought by
Mathew724 Llc
Seller's Agent
Michael Banker
Banker Real Estate
Buyer's Agent
Joe Fendig
Fendig Realty, Inc.
List Price
$1,500,000
Sold Price
$600,000
Premium/Discount to List
-$900,000
-60%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.40%

Purchase Details

Closed on
Oct 1, 2008
Sold by
Sea Island Company
Bought by
Lkp 1 Llc 1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,157,620
Interest Rate
5.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2008
Sold by
Capone Peter
Bought by
Sea Island Company
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
Dunn Michael J -- --
Mathew724 Llc $600,000 --
Lkp 1 Llc 1 -- --
Sea Island Coastal Properties $3,500,000 --
Lkp 1 Llc 1 -- --
Sea Island Company $3,900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dunn Michael J $1,700,000
Closed Dunn Michael J $1,700,000
Previous Owner Jd3 Pcproperty Llc $1,326,824
Previous Owner Jd3 Pcproperty Llc $175,000
Previous Owner Lkp 1 Llc $1,157,620
Previous Owner Sea Island Coastal Properties $37,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2016 12/02/16 Sold $600,000 -60.0% --
11/02/2016 11/02/16 Pending -- -- --
07/07/2016 07/07/16 For Sale $1,500,000 -- --
Source: Golden Isles Association of REALTORS®

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 $40,009 $1,595,320 $340,000 $1,255,320
2023 $38,822 $1,595,320 $340,000 $1,255,320
2022 $12,306 $485,720 $340,000 $145,720
2021 $12,044 $465,720 $320,000 $145,720
2020 $8,355 $320,000 $320,000 $0
2019 $8,355 $320,000 $320,000 $0
2018 $7,102 $320,000 $320,000 $0
2017 $8,355 $320,000 $320,000 $0
2016 $7,680 $320,000 $320,000 $0
2015 $6,748 $320,000 $320,000 $0
2014 $6,748 $280,000 $280,000 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Michael Banker

    Banker Real Estate

    (912) 638-1808

    104 in this area

    112 Total Sales

    Michael Banker
    Section Image

  • V

    Seller Co-Listing Agent in 2016

    Victor Long

    Banker Real Estate

    (912) 266-2650

    156 in this area

    186 Total Sales

    Victor Long
    Section Image

  • J

    Buyer's Agent in 2016

    Joe Fendig

    Fendig Realty, Inc.

    (912) 222-2086

    3 in this area

    6 Total Sales

    Joe Fendig
    Section Image
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Map

Source: Golden Isles Association of REALTORS®

MLS Number: 1579464

Golden Isles Association of REALTORS®

APN: 04-11187

Georgia Glynn County Saint Simons Island 31522 Saint Simons

118 Point Ln, Saint Simons Island, GA

This home is located at 118 Point Ln, St. Simons Island, GA 31522 since 07 July 2016 and is currently estimated at $4,757,423. 118 Point Ln is a home located in Glynn County with nearby schools including St. Simons Elementary School, Glynn Middle School, and Glynn Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Golden Isles Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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