NOT LISTED FOR SALE

Estimated Value: $2,967,000 - $3,898,000

5 Beds
2 Baths
2,379 Sq Ft
$1,395/Sq Ft Est. Value

Last Sold March 02, 2018

Last sale price $950,000 $399 Per Sq Ft

Est. 247% increase in value since last sale

Current estimated payment $19,476/month

320 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Spa
  • Open Floorplan
  • 1 Boat Dock
  • Home fronts a lagoon or estuary
  • Canal View

About This Home

As of March 2018

LAGOONFRONT home located on the desirable Laguna Lane with a convenient walk to the beach. This property boasts 100 feet of lagoon frontage and plenty of outdoor entertaining space including decks, hot tub, and more. Furthermore, this home has a large common area, 4/5 cozy bedrooms, hardwood floors, and plenty of extra living space for family and friends. This house is turn-key and ready for occupancy. Last year, the house brought in approx. $20,000 in rental income (not including the several weeks the owners take for themselves).

Last Agent to Sell the Property

Gavin Hodgson

Island Realty-Surf City License #1327744 Listed on: 03/08/2017

Last Buyer's Agent

Melinda Morrow

Better Homes and Gardens Real Estate Murphy & Co. License #1647923

Better Homes and Gardens Real Estate Murphy & Co.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $9,305

Year Built

  • Built in 1964

Lot Details

  • Lot Dimensions are 100x100
  • Home fronts a lagoon or estuary
  • 100 Feet of Waterfront

Parking

  • 1 Car Garage

Home Design

  • Semi-Detached or Twin Home
  • Shingle Roof

Interior Spaces

  • 2,379 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Wood Burning Fireplace
  • Window Treatments
  • Canal Views
  • Crawl Space

Kitchen

  • Cooktop
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Water Access
  • Bulkhead
  • 1 Boat Dock
  • Private Dock
  • Deck
  • Patio
  • Exterior Lighting
  • Porch

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Electric Baseboard Heater

Community Details

  • No Home Owners Association
  • Loveladies Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 18-00020-74-00005

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$9,305

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Exclusions: House is furnished per inventory, but all items are negotiable.
  • New Construction: No
  • Year Built: 1964
  • Remarks Public: LAGOONFRONT home located on the desirable Laguna Lane with a convenient walk to the beach. This property boasts 100 feet of lagoon frontage and plenty of outdoor entertaining space including decks, hot tub, and more. Furthermore, this home has a large common area, 4/5 cozy bedrooms, hardwood floors, and plenty of extra living space for family and friends. This house is turn-key and ready for occupancy. Last year, the house brought in approx. $20,000 in rental income (not including the several weeks the owners take for themselves).
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Built-In Microwave, Refrigerator, Washer
  • Entry Floor: 1
  • Flooring Type: Ceramic Tile, Fully Carpeted, Wood
  • Interior Amenities: Entry Level Bedroom, Window Treatments, Floor Plan - Open
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Center Hall
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room Count: 8
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2379
  • Living Area Sq Ft: 2379
  • Price Per Sq Ft: 461.96
  • Above Grade Finished Sq Ft: 2379
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 143

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Completed: No
  • Exterior Features: Hot Tub, Exterior Lighting, Outside Shower
  • Roof: Shingle
  • View: Water, Canal
  • Water Access: Yes
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage: Yes
  • Total Garage And Parking Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Multi Units
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: SOUTHERN REGIONAL SCHOOLS
  • School District Key: 300200396369

Lot Info

  • Improvement Assessed Value: 129900.00
  • Land Assessed Value: 813800.00
  • Land Lease: No
  • Lot Features: Bulkheaded
  • Lot Dimensions: 100x100
  • Outdoor Living Structures: Deck(s), Patio(s), Porch(es)
  • Zoning: RES
  • Zoning Description: Res

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3026868
  • Tax Annual Amount: 9305.00
  • Assessor Parcel Number: 18-00020-74-00005
  • Tax Lot: 5
  • Tax Year: 2016
  • Close Date: 03/02/2018

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2017
Closed on
Mar 2, 2018
Sold by
Meara Kevin P O and Smith Joanne T
Bought by
Fastenau John M and Fastenau Susan E
Seller's Agent
Gavin Hodgson
Island Realty-Surf City
Buyer's Agent
Melinda Morrow
Better Homes and Gardens Real Estate Murphy & Co.
List Price
$1,199,000
Sold Price
$950,000
Premium/Discount to List
-$249,000
-20.77%
Current Estimated Value
$3,295,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,345,033
Avg. Annual Appreciation
17.84%
Original Mortgage
$760,000
Outstanding Balance
$655,916
Interest Rate
4.22%
Mortgage Type
New Conventional
Estimated Equity
$2,572,457
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
Fastenau John M $950,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fastenau John M $400,000
Open Fastenau John M $760,000
Previous Owner Omeara Kevin P $417,000
Previous Owner Omears Kevin P $775,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2018 03/02/18 Sold $950,000 -20.8% $399 / Sq Ft
01/22/2018 01/22/18 Pending -- -- --
03/08/2017 03/08/17 For Sale $1,199,000 -- $504 / Sq Ft
Source: Bright 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 $17,229 $1,942,400 $900,000 $1,042,400
2023 $15,768 $1,895,200 $900,000 $995,200
2022 $15,768 $1,895,200 $900,000 $995,200
2021 $7,385 $916,200 $900,000 $16,200
2020 $9,380 $943,700 $813,800 $129,900
2019 $9,465 $943,700 $813,800 $129,900
2018 $9,182 $943,700 $813,800 $129,900
2017 $9,229 $943,700 $813,800 $129,900
2016 $9,305 $943,700 $813,800 $129,900
2015 $9,295 $943,700 $813,800 $129,900
2014 $9,069 $943,700 $813,800 $129,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC171366

Bright MLS

APN: 18-00020-74-00005