$98,500
SOLD NOV 9, 2020

1402 Olde Farm Rd Morehead City, NC 28557

0.44 Acre
$223,864 Price per Acre
19,166 Sq Ft Lot

Recently Sold

14% Below List Price

147 Days on Market

Highlights

  • 89 Feet of Waterfront
  • Boat Dock
  • Property fronts a marsh
  • Morehead City Primary School Rated A-

About This Lot

As of November 2020

Wonderful lot to build your primary or vacation home, Crab Point Bay and Newport River views abound from the lot and from the neighborhood dock for Pinnacle Pointe.

Last Agent to Sell the Property

Catherine Gainey

Bluewater Real Estate AB License #196570 Listed on: 05/11/2020

Last Buyer's Agent

A Non Member

A Non Member

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $30

Lot Details

  • 0.44 Acre Lot
  • Property fronts a marsh
  • 89 Feet of Waterfront
  • Cleared Lot
  • Property is zoned R-15

HOA Fees

  • $13 Monthly HOA Fees

Schools

  • Morehead City Primary Elementary School
  • Morehead City Middle School
  • West Carteret High School

Additional Features

  • Water Views
  • Co-Op Water

Listing and Financial Details

  • Assessor Parcel Number 6386.10.45.5688000

Community Details

Overview

  • Dan Farrell HOA, Phone Number (513) 535-6705
  • Pinnacle Pointe Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Boat Dock

Property Details

Property Type

Land

Est. Annual Taxes

$30

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: None
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Waterfront: Yes
  • Waterview: Yes
  • Total Road Frontage: 81
  • Water Frontage: 89.00

Utilities

  • Fuel Tank: None
  • Utilities: Municipal Sewer, Municipal Water

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Dock, Water
  • Annual HOA: 150.00
  • HOA Company: Dan Farrell
  • HOA Phone: 513-535-6705

Lot Info

  • Deed Book: 1617
  • Deed Page: 245.00
  • Lot Description: Subdivision
  • Lot Sq Ft: 19196.00
  • Lot Water Features: Marsh Front
  • Plat Book: 31
  • Plat Page: 621
  • Zoning: R-15
  • Acres: 0.44
  • Current Use: Residential
  • Deed Restriction: Yes
  • Environmental Hazard: No
  • List Price per Acre: 261363.64
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared

Tax Info

  • Tax Identifier: 6386.10.45.5688000
  • Tax Year: 2019

MLS Schools

  • Elementary School: Morehead City Primary
  • High School: West Carteret
  • Middle School: Morehead City

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2020
Closed on
Nov 3, 2020
Sold by
Ferree Walter Franklin
Bought by
Pleasants Christopher and Pleasants Mary Alison
Seller's Agent
Catherine Gainey
Bluewater Real Estate AB
Buyer's Agent
A Non Member
A Non Member
List Price
$115,000
Sold Price
$98,500
Premium/Discount to List
-$16,500
-14.35%
Current Estimated Value
$672,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$574,265
Avg. Annual Appreciation
49.64%

Purchase Details

Listed on
Nov 13, 2017
Closed on
Aug 7, 2018
Sold by
Carmody Jason and Carmody Cynthia
Bought by
Ferree Walter Franklin
Seller's Agent
Camille Gardner
Bluewater Real Estate AB
List Price
$120,000
Sold Price
$110,000
Premium/Discount to List
-$10,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.85%
Original Mortgage
$577,600
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jan 9, 2017
Closed on
Jun 27, 2017
Sold by
Clodfelter William C
Bought by
Carmody Jason R and Carmody Cynthia
Seller's Agent
Norwood Jackson
Realty World First Coast Rlty
Buyer's Agent
Camille Gardner
Bluewater Real Estate AB
List Price
$99,900
Sold Price
$97,000
Premium/Discount to List
-$2,900
-2.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.56%
Original Mortgage
$72,750
Interest Rate
4.05%
Mortgage Type
Unknown

Purchase Details

Closed on
May 28, 2010
Sold by
Rjp Newport Corporation
Bought by
Clodfelter William C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.03%
Mortgage Type
Unknown
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 Type Sale Price Title Company
Warranty Deed $98,500 None Available
Warranty Deed $110,000 None Available
Warranty Deed $97,000 None Available
Warranty Deed $115,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $436,800 New Conventional
Previous Owner $577,600 Future Advance Clause Open End Mortgage
Previous Owner $72,750 Unknown
Previous Owner $80,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2020 11/09/20 Sold $98,500 -14.3% --
10/05/2020 10/05/20 Pending -- -- --
05/11/2020 05/11/20 For Sale $115,000 +4.5% --
08/20/2018 08/20/18 Sold $110,000 -8.3% --
06/19/2018 06/19/18 Pending -- -- --
11/13/2017 11/13/17 For Sale $120,000 +23.7% --
06/27/2017 06/27/17 Sold $97,000 -2.9% --
05/13/2017 05/13/17 Pending -- -- --
01/09/2017 01/09/17 For Sale $99,900 -- --
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 $30 $382,999 $100,000 $282,999
2023 $1,317 $382,999 $100,000 $282,999
2022 $614 $186,138 $100,000 $86,138
2021 $0 $100,000 $100,000 $0
2020 $330 $100,000 $100,000 $0
2019 $242 $78,000 $78,000 $0
2017 $242 $78,000 $78,000 $0
2016 $242 $78,000 $78,000 $0
2015 $234 $78,000 $78,000 $0
2014 $314 $104,500 $104,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100216965

Hive MLS

APN: 6386.10.45.5688000