NOT LISTED FOR SALE

1224 Verandah Way Wilmington, NC 28411

Estimated Value: $827,000 - $1,076,000

5 Beds
3.5 Baths
2,046 Sq Ft
$467/Sq Ft Est. Value

Last Sold August 14, 2017

Last sale price $520,000 $254 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,607/month

74 Days on Market

Highlights

  • Lake Front
  • Second Kitchen
  • Deck
  • Porters Neck Elementary School Rated A-
  • RV or Boat Storage in Community
  • Wood Flooring

About This Home

As of August 2017

You'll be surprised at so much charm and unique character! Idyllic lakefront home with character of Nantucket-style cottage on a 7-acre natural fresh water lake in ultra-charming Laurel Lea - with a huge green park and pool! Cedar-shake and copper roofing, retro wood shutters and flower boxes contribute to the curb appeal. Living areas and porches look across lake to picturesque boathouse. Great room has stone fireplace, built-ins and opens onto porches on 2 sides. Open kitchen with bay window seat. Hardwoods throughout! Master down; 3 BR up. There's even a large carriage house garage apartment with 5th BR, kitchenette and bath! Total of 2602 SF.

Last Agent to Sell the Property

Michelle Clark

Intracoastal Realty Corp License #237024 Listed on: 05/05/2017

Intracoastal Realty Corp

Last Buyer's Agent

Stephanie Gasparovic

Keller Williams Innovate-Wilmington License #216727

Keller Williams Innovate-Wilmington

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,938

Year Built

  • Built in 2002

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 71x161x70x161
  • Lake Front
  • Property fronts a private road
  • Cul-De-Sac
  • Street terminates at a dead end
  • Irrigation
  • Property is zoned R-20

HOA Fees

  • $160 Monthly HOA Fees

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Frame Construction
  • Shake Roof
  • Wood Siding
  • Stone Siding
  • Stick Built Home

Interior Spaces

  • 2,046 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Skylights
  • Gas Log Fireplace
  • Thermal Windows
  • Blinds
  • Combination Dining and Living Room
  • Lake Views
  • Crawl Space
  • Storage In Attic
  • Fire and Smoke Detector

Kitchen

  • Second Kitchen
  • Breakfast Area or Nook
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Bedroom Suite

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Heat Pump System
  • Propane
  • Electric Water Heater
  • Fuel Tank

Listing and Financial Details

  • Tax Lot 63
  • Assessor Parcel Number R03700-003-042-000

Community Details

Overview

  • Master Insurance
  • Laurel Lea Subdivision
  • Maintained Community

Amenities

  • Community Garden
  • Picnic Area

Recreation

  • RV or Boat Storage in Community
  • Community Playground
  • Community Pool

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,938

Year Built

Built in 2002

Lot Details

0

HOA Fees

$160 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 2002
  • Road Frontage Type: Lake Front
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Eave Storage
  • Dining Room Type: Combination
  • Fireplace: 1
  • Flooring: Carpet, Wood, Tile
  • Heated Sq Ft: 2000 - 2199
  • Interior Amenities: 1st Floor Master, Skylights, Walk-In Closet, Smoke Detectors, Gas Logs, Pantry, Blinds/Shades, Apt/Suite, 9Ft+ Ceilings, 2nd Kitchen
  • Laundry Location: Closet, Hall
  • List Price per Sq Ft: 263.88
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Bedrooms: 5
  • Number Rooms: 9
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Breakfast Nook Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First
  • Other Level: Upper
  • Additional Living Spaces with Detached Garage Apartment Description: BR/LR, bath, kitchen
  • Sq Ft Heated: 2046.00
  • Total Heated Primary Separate Sq Ft: 2046.00

Exterior Features

  • Exterior Features: Gas Logs, Thermal Windows, Irrigation System
  • Exterior Finish: Stone, Wood Siding
  • Fencing: None
  • Foundation: Crawl Space
  • Porch Balcony Deck: Covered, Porch, Screened, Deck
  • Road Type Frontage: Maintained, See Remarks, Private, Paved
  • Roof: Shake
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Detached Garage Spaces: 2.00
  • Garage And Parking Driveway Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: On Site

Utilities

  • Appliances Equipment: Dishwasher, Washer, Stove/Oven - Electric, Refrigerator, Microwave - Built-In, Dryer, Disposal
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: Propane Buried
  • Fuel Tank Ownership: Owned
  • Heating System: Forced Air, Heat Pump
  • Service Providers Electric Provider: Duke Progress Energy
  • Service Providers Sewer Provider: Cape Fear Public Utility Authority
  • Service Providers Water Provider: Cape Fear Public Utility Authority
  • Utilities: Municipal Sewer
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric, Propane Gas

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Comm Garden, Picnic Area, Taxes, Street Lights, See Remarks, RV/Boat Storage, Playground, Maint - Comm Areas, Master Insure, Management, Maint - Roads, Maint - Grounds, Community Pool
  • HOAAssociationFee1Year: 1920.00

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 259.00
  • Lot Acres: 0.26
  • Lot Description: Cul-de-Sac Lot, Dead End
  • Lot Dimensions: 71x161x70x161
  • Lot Number: 63
  • Lot Sq Ft: 11326.00
  • Zoning: R-20
  • Lot View Type: Lake View, Water View

Tax Info

  • Tax Identifier: R03700-003-042-000
  • Tax Year: 2016
  • Total Real Estate Property Taxes: 2938.00

MLS Schools

  • Elementary School #2: Eaton
  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2017
Closed on
Aug 9, 2017
Sold by
Shuping Christopher Arndt
Bought by
Rice Philip J and Rice Janet R
Seller's Agent
Michelle Clark
Intracoastal Realty Corp
Buyer's Agent
Stephanie Gasparovic
Keller Williams Innovate-Wilmington
List Price
$539,900
Sold Price
$520,000
Premium/Discount to List
-$19,900
-3.69%
Current Estimated Value
$954,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$434,883
Avg. Annual Appreciation
7.51%
Original Mortgage
$416,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2002
Sold by
Gately R Bryan Karin B
Bought by
Glace Trust

Purchase Details

Closed on
Apr 20, 2001
Sold by
Double L Developers Llc
Bought by
Gately R Bryan Karin B

Purchase Details

Closed on
Sep 5, 1997
Sold by
Hallway Llc
Bought by
Double L Developers Llc
Source: Public Records

Range of Values:

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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
Rice Philip J $521,000 None Available
Glace Trust $330,000 --
Gately R Bryan Karin B $65,000 --
Double L Developers Llc $1,033,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rice Philip J $408,000
Closed Rice Philip J $416,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2017 08/14/17 Sold $520,000 -3.7% $254 / Sq Ft
07/18/2017 07/18/17 Pending -- -- --
05/05/2017 05/05/17 For Sale $539,900 0.0% $264 / Sq Ft
11/25/2013 11/25/13 Rented $2,200 -12.0% --
11/22/2013 11/22/13 Under Contract -- -- --
10/23/2013 10/23/13 For Rent $2,500 -- --
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
2023 $2,922 $545,200 $130,100 $415,100
2022 $2,944 $545,200 $130,100 $415,100
2021 $2,997 $545,200 $130,100 $415,100
2020 $2,996 $473,700 $207,100 $266,600
2019 $2,996 $473,700 $207,100 $266,600
2018 $2,996 $473,700 $207,100 $266,600
2017 $3,067 $473,700 $207,100 $266,600
2016 $2,938 $423,900 $190,000 $233,900
2015 $2,730 $423,900 $190,000 $233,900
2014 $2,683 $423,900 $190,000 $233,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100065440

Hive MLS

APN: R03700-003-042-000