NOT LISTED FOR SALE

127 Fawn Creek Ct Cedar Point, NC 28584

Estimated Value: $662,000 - $1,124,000

0.77 Acre
$1,135,481 Price per Acre
33,541 Sq Ft Lot

Last Sold March 29, 2022

Last sale price $340,000

Est. 152% increase in value since last sale

Current estimated payment $4,665/month

284 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 70 Feet of Waterfront
  • Boat Dock
  • White Oak Elementary School Rated A-
  • Views of a Sound
  • Gated Community

About This Lot

As of March 2022

Beautiful soundfront lot in Magens Bay that is ready for your coastal dream home! Site is cleared and generally level with a 4-bedroom septic permit on file (see documents). Great location with easy access to the beaches of Emerald Isle, local shopping, restaurants and the award winning Croatan school district. Magens Bay is a gated community on Bogue Sound that offers wonderful amenities including: a community swimming pool, entry gate and a soundfront pier and dock. Please note: Per Town of Cedar Point, this lot is located in flood plain ''Coastal A''.

Last Agent to Sell the Property

Mary Cheatham King

Keller Williams Crystal Coast Listed on: 05/27/2021

Keller Williams Crystal Coast

Last Buyer's Agent

Briana Chesher

Coldwell Banker Sea Coast Advantage

Coldwell Banker Sea Coast Advantage

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,845

Lot Details

  • 0.77 Acre Lot
  • 70 Feet of Waterfront
  • Home fronts a sound
  • Property fronts a private road
  • Level Lot
  • Cleared Lot
  • Property is zoned R-20

Property Views

  • Views of a Sound
  • Intracoastal Views

Schools

  • Broad Creek Middle School
  • Croatan High School

Utilities

  • Septic Tank
  • Septic Permit Issued

Listing and Financial Details

  • Assessor Parcel Number 537416839998000

Community Details

Overview

  • Property has a Home Owners Association
  • Magens Bay Subdivision
  • Maintained Community
  • The community has rules related to deed restrictions

Recreation

  • Boat Dock
  • Community Pool
  • Deeded Waterfront Access Rights

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$1,845

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Road Frontage Type: Sound Front
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: None
  • Road Type Frontage: Maintained, Paved, Private
  • Waterfront: Yes
  • Waterview: Yes
  • Total Road Frontage: 58
  • Water Frontage: 70.00

Utilities

  • Fuel Tank: None
  • Utilities: Municipal Water Available, Septic Off Site, Septic Permit on file

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Dock, Gated Community, Maint - Comm Areas, Maint - Roads, Mgmt Fee, Pool

Lot Info

  • Deed Book: 1406
  • Deed Page: 272273.00
  • Lot Description: Subdivision
  • Lot Dimensions: Plat map under documents; easements of record
  • Lot Sq Ft: 33463.00
  • Lot Water Features: Deeded Waterfront, Sound Side
  • Plat Book: 28 and book 29
  • Plat Page: 622 and page 283
  • Zoning: R-20
  • Acres: 0.77
  • Current Use: Residential
  • Deed Restriction: Yes
  • Environmental Hazard: Unknown
  • List Price per Acre: 486883.12
  • Soil Evaluation: Soil Evaluation - Yes
  • Soil Evaluation Other: Septic Permit
  • Topography: Cleared, Level
  • Lot View Type: ICW View, Sound View, Water View

Tax Info

  • Tax Identifier: 537416839998000
  • Tax Year: 2020
  • Total City Real Estate Property Tax: 388.78
  • Total Real Estate Property Taxes: 1845.00

MLS Schools

  • High School: Croatan
  • Middle School: Broad Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2021
Closed on
Mar 10, 2022
Sold by
Pacific Sails Llc
Bought by
Meditch Carl and Meditch Kay Carolyn
Seller's Agent
Mary Cheatham King
Keller Williams Crystal Coast
Buyer's Agent
Briana Chesher
Coldwell Banker Sea Coast Advantage
List Price
$389,000
Sold Price
$340,000
Premium/Discount to List
-$49,000
-12.6%
Current Estimated Value
$855,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$515,620
Avg. Annual Appreciation
31.43%

Purchase Details

Closed on
Apr 17, 2012
Sold by
L Ardan Development Corporation
Bought by
Pacific Sails Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,250
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2012
Sold by
Rickman Thomas R
Bought by
Pacific Sails Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,250
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2012
Sold by
Sound Baking Company
Bought by
Rickman Thomas R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,250
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 2011
Sold by
Fredeen Leslie A and Fredeen Marlo Clark
Bought by
Sound Banking 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
Meditch Carl $340,000 Tantum John E
Pacific Sails Llc -- None Available
Pacific Sails Llc -- None Available
Rickman Thomas R $319,000 None Available
Sound Banking Company $225,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rickman Thomas R $239,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2022 03/29/22 Sold $340,000 -9.3% --
03/07/2022 03/07/22 Pending -- -- --
02/08/2022 02/08/22 Price Changed $374,900 -3.6% --
05/27/2021 05/27/21 For Sale $389,000 -- --
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 $40 $635,629 $330,876 $304,753
2023 $2,043 $330,876 $330,876 $0
2022 $1,944 $330,876 $330,876 $0
2021 $1,944 $330,876 $330,876 $0
2020 $1,845 $330,876 $330,876 $0
2019 $1,862 $363,372 $363,372 $0
2017 $1,608 $363,372 $363,372 $0
2016 $1,608 $363,372 $363,372 $0
2015 $1,572 $363,372 $363,372 $0
2014 $1,335 $308,632 $308,632 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100273644

Hive MLS

APN: 5374.16.83.9998000