NOT LISTED FOR SALE

1506 Magnolia Place Wilmington, NC 28403

Glen Meade Neighborhood

Estimated Value: $1,355,000 - $1,771,000

5 Beds
7 Baths
5,416 Sq Ft
$280/Sq Ft Est. Value

Last Sold March 22, 2019

Last sale price $835,650 $154 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $8,514/month

10 Days on Market

Highlights

  • 2 Fireplaces
  • Mud Room
  • Home Office
  • Bonus Room
  • No HOA
  • Enclosed Patio or Porch

About This Home

As of March 2019

This beautiful renovated colonial on a quiet cul-de-sac street is southern living at its finest. Enter into the foyer that welcomes you to over 5,400 square feet and find a living room with fireplace as well as an updated eat in kitchen featuring an oversized center island with attached formal dining room. The expansive master wing with sitting area is joined by a walk in closet and additional bedroom that could be used as a wellness room. A family room, billiard room, butlers pantry make weekend entertaining effortless. Recent renovations included new HVAC units, quartz countertops, exterior paint, new skylights on third floor, refinished hardwoods and more! Enjoy the gorgeous Wilmington weather on your screened patio over looking your sprawling landscaped backyard situated on over half a

Last Agent to Sell the Property

Jessica Riffle Edwards

Coldwell Banker Sea Coast Advantage Listed on: 02/08/2019

Coldwell Banker Sea Coast Advantage

Last Buyer's Agent

Stewart Pittman

Sound and Sea Realty LLC License #153120

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,428

Year Built

  • Built in 1938

Lot Details

  • 0.6 Acre Lot
  • Brick Fence
  • Sprinkler System
  • Property is zoned R-15

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 5,416 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Ceiling Fan
  • 2 Fireplaces
  • Blinds
  • Mud Room
  • Family Room
  • Living Room
  • Formal Dining Room
  • Home Office
  • Bonus Room
  • Attic Fan
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Walk-in Shower

Basement

  • Partial Basement
  • Crawl Space

Home Security

  • Intercom
  • Storm Windows
  • Fire and Smoke Detector

Parking

  • Lighted Parking
  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Propane
  • Fuel Tank

Listing and Financial Details

  • Tax Lot 821
  • Assessor Parcel Number R05416-012-027-000

Community Details

Overview

  • No Home Owners Association
  • Magnolia Place Subdivision

Security

  • Security Lighting

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,428

Year Built

Built in 1938

Lot Details

0

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: 1938
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Formal
  • Fireplace: 2
  • Heated Sq Ft: 5000 - 5499
  • Interior Amenities: Blinds/Shades, Smoke Detectors, Wet Bar, Walk-In Closet, Walk-in Shower, Sprinkler System, Intercom/Music, Pantry, Mud Room, Ceiling Fan(s)
  • List Price per Sq Ft: 165.25
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bathrooms: 7.00
  • Bedrooms: 5
  • Number Rooms: 14
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Bedroom 5 Level: Second
  • Bonus Room Level: Third
  • Dining Room Level: First
  • Family Room Level: First
  • Kitchen Level: First
  • Laundry Level: First
  • Living Room Level: First
  • Primary Bedroom Level: Second
  • Office Level: Second
  • Other Level: First
  • Sq Ft Heated: 5416.00
  • Total Heated Primary Separate Sq Ft: 5416.00

Exterior Features

  • Exterior Features: Irrigation System, Storm Windows, Security Lighting
  • Exterior Finish: Wood Siding
  • Fencing: Brick, Partial
  • Foundation: Crawl Space
  • Porch Balcony Deck: Covered, Patio, Screened, Porch, Enclosed
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Parking Driveway: Lighted, Paved, On Site, Off Street

Utilities

  • Cooling System: Attic Fans, Central
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Owned
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities, Sidewalk

Lot Info

  • Deed Page: 29.00
  • Lot Acres: 0.60
  • Lot Dimensions: Irregular
  • Lot Number: 821
  • Lot Sq Ft: 26053.00
  • Zoning: R-15

Tax Info

  • Tax Identifier: R05416-012-027-000
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2019
Closed on
Mar 19, 2019
Sold by
Martin David G and Martin Shona F
Bought by
Janik Matthew James and Janik Kristine
Seller's Agent
Jessica Riffle Edwards
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Stewart Pittman
Sound and Sea Realty LLC
List Price
$895,000
Sold Price
$835,650
Premium/Discount to List
-$59,350
-6.63%
Current Estimated Value
$1,487,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$651,992
Avg. Annual Appreciation
9.16%
Original Mortgage
$751,250
Outstanding Balance
$668,416
Interest Rate
4.4%
Mortgage Type
VA
Estimated Equity
$797,081

Purchase Details

Closed on
Jun 30, 2004
Sold by
Carter Russell M Susan S
Bought by
Martin David G Shona F

Purchase Details

Closed on
Jan 1, 2001
Bought by
Boney W J

Purchase Details

Closed on
Sep 1, 1982
Sold by
Cooper James Jr Ladonna P
Bought by
Carter Russell M Susan S

Purchase Details

Closed on
Jul 1, 1981
Sold by
Boney W J
Bought by
Cooper James Jr Ladonna P
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
Janik Matthew James $836,000 None Available
Martin David G Shona F $480,000 --
Boney W J -- --
Carter Russell M Susan S $142,000 --
Cooper James Jr Ladonna P $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Janik Matthew James $751,250
Previous Owner Martin David G $109,000
Previous Owner Martin David G $712,500
Previous Owner Martin David G $305,000
Previous Owner Martin David G $250,000
Previous Owner Martin David G $750,000
Previous Owner Martin David G $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2019 03/22/19 Sold $835,650 -6.6% $154 / Sq Ft
02/18/2019 02/18/19 Pending -- -- --
02/08/2019 02/08/19 For Sale $895,000 -- $165 / Sq Ft
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 $7,428 $853,800 $297,000 $556,800
2022 $7,257 $853,800 $297,000 $556,800
2021 $7,307 $853,800 $297,000 $556,800
2020 $4,415 $419,100 $128,700 $290,400
2019 $4,415 $419,100 $128,700 $290,400
2018 $4,411 $419,100 $128,700 $290,400
2017 $4,415 $419,100 $128,700 $290,400
2016 $5,614 $506,700 $107,900 $398,800
2015 $5,366 $506,700 $107,900 $398,800
2014 $5,138 $506,700 $107,900 $398,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jessica Riffle Edwards

    Coldwell Banker Sea Coast Advantage

    (910) 202-2844

    15 in this area

    207 Total Sales

    Section Image
  • Stewart Pittman

    Buyer's Agent in 2019

    Stewart Pittman

    Sound and Sea Realty LLC

    (910) 297-2540

    41 Total Sales

    Section Image
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Map

Source: Hive MLS

MLS Number: 100149659

Hive MLS

APN: R05416-012-027-000

North Carolina New Hanover County Wilmington 28403 Glen Meade

1506 Magnolia Place, Wilmington, NC

This home is located at 1506 Magnolia Place, Wilmington, NC 28403 since 08 February 2019 and is currently estimated at $1,514,134, approximately $279 per square foot. This property was built in 1938. 1506 Magnolia Place is a home located in New Hanover County with nearby schools including Edwin A. Alderman Elementary School, Williston Middle School, and New Hanover High 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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