NOT LISTED FOR SALE

1505 Olde Farm Rd Morehead City, NC 28557

Estimated Value: $522,551 - $654,000

0.38 Acre
$1,531,942 Price per Acre
16,553 Sq Ft Lot

Last Sold May 14, 2021

Last sale price $65,000

Est. 796% increase in value since last sale

Current estimated payment $3,376/month

363 Days on Market

Highlights

  • Boat Dock
  • Clubhouse
  • Level Lot
  • Morehead City Primary School Rated A-
  • Community Pool
  • Maintained Community

About This Lot

As of May 2021

Nice sized lot located in the Mariner's Pointe. This is a waterfront community development with amenities. Located off 20th street in Morehead City, this lot has a centralized location to downtown, shopping, medical, and the beach.

Last Buyer's Agent

Brynn Phillips

Team Streamline Real Estate, LLC. License #272265

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,586

Lot Details

  • 0.38 Acre Lot
  • Level Lot
  • Cleared Lot
  • Property is zoned R10

HOA Fees

  • $58 Monthly HOA Fees

Schools

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

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 6386.10.45.2490000

Community Details

Overview

  • Cams HOA, Phone Number (252) 247-3101
  • Mariner's Pointe Subdivision
  • Maintained Community
  • The community has rules related to deed restrictions

Amenities

  • Clubhouse

Recreation

  • Boat Dock
  • Community Pool

Property Details

Property Type

Land

Est. Annual Taxes

$2,586

Lot Details

0

HOA Fees

$58 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
  • Waterfront: No
  • Waterview: No
  • Total Road Frontage: 75

Utilities

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

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Clubhouse, Dock, Maint - Comm Areas, Mgmt Fee, Pool, Street Lights, Tax Comm Areas
  • Annual HOA: 700.00
  • HOA Company: CAMS
  • HOA Phone: 252-247-3101

Lot Info

  • Deed Book: 1201
  • Deed Page: 2.00
  • Lot Description: Subdivision
  • Lot Number: 5
  • Lot Sq Ft: 16553.00
  • Plat Book: 31
  • Plat Page: 514
  • Special Assessments: none known
  • Zoning: R10
  • Acres: 0.38
  • Deed Restriction: Yes
  • Environmental Hazard: No
  • List Price per Acre: 183947.37
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared, Level
  • Lot Number2: 5

Tax Info

  • Tax Identifier: 6386.10.45.2490000
  • Tax Year: 2019
  • Total City Real Estate Property Tax: 110.25

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

Closed on
Mar 22, 2022
Sold by
Streamline Developers Llc
Bought by
Lancaster John Curtis and Lancaster Jacqueline Williams
Current Estimated Value
$582,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,616
Outstanding Balance
$334,276
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$256,931

Purchase Details

Listed on
Feb 25, 2020
Closed on
May 12, 2021
Sold by
Sinegra Thomas and Sinegra Denise
Bought by
Streamline Developers Llc
Buyer's Agent
Brynn Phillips
Team Streamline Real Estate, LLC.
List Price
$699,000
Sold Price
$65,000
Premium/Discount to List
-$634,000
-90.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.31%
Original Mortgage
$350,000
Interest Rate
3.1%
Mortgage Type
Construction
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
Lancaster John Curtis $420,000 White & Allen Pa
Streamline Developers Llc $65,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lancaster John Curtis $356,616
Previous Owner Streamline Developers Llc $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $65,000 -90.7% --
02/22/2021 02/22/21 Pending -- -- --
02/25/2020 02/25/20 For Sale $699,000 -- --
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 $2,586 $331,787 $60,000 $271,787
2023 $1,143 $331,787 $60,000 $271,787
2022 $441 $133,527 $60,000 $73,527
2021 $198 $60,000 $60,000 $0
2020 $198 $60,000 $60,000 $0
2019 $98 $31,500 $31,500 $0
2017 $98 $31,500 $31,500 $0
2016 $98 $31,500 $31,500 $0
2015 $95 $31,500 $31,500 $0
2014 $103 $34,200 $34,200 $0
Source: Public Records

Agents Affiliated with this Home

  • Brynn Phillips

    Buyer's Agent in 2021

    Brynn Phillips

    Team Streamline Real Estate, LLC.

    (757) 897-0336

    6 in this area

    39 Total Sales

    Brynn Phillips
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Map

Source: Hive MLS

MLS Number: 100206101

Hive MLS

APN: 6386.10.45.2490000

North Carolina Carteret County Morehead City 28557

1505 Olde Farm Rd, Morehead City, NC

This home is located at 1505 Olde Farm Rd, Morehead City, NC 28557 since 25 February 2020 and is currently estimated at $582,138. 1505 Olde Farm Rd is a home located in Carteret County with nearby schools including Morehead City Primary School, Morehead Elementary School at Camp Glenn, and Morehead City Middle School.

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.

Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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