NOT LISTED FOR SALE

1511 Landalee Ln Wilmington, NC 28405

Landfall Neighborhood

Estimated Value: $2,100,000 - $2,719,159

0.58 Acre
$4,047,793 Price per Acre
25,265 Sq Ft Lot

Last Sold September 04, 2018

Last sale price $300,000 $62 Per Sq Ft

Est. 683% increase in value since last sale

Current estimated payment $15,103/month

142 Days on Market

Highlights

  • 106 Feet of Waterfront
  • Golf Course Community
  • Gated Community
  • Wrightsville Beach Elementary School Rated A-
  • Fitness Center
  • Lake View

About This Lot

As of September 2018

Over one-half acre Waterfront Lot with trees on beautiful Dye Lake in Landfall Development, Wilmington, NC. The Building Lot is located at 1511 Landalee Lane. The lot is on a quiet cul-de-sac with a newly paved road in a gated community. Landafall is a short bike ride to Wrightsville Beach and the ocean. The community boast45-holes of golf, 18 tennis courts include grass courts, two club houses, a newly remodeled fitness center, a sports field and social activities galore.

Last Agent to Sell the Property

Lauren Pierce

ISave Realty LLC License #202892 Listed on: 02/26/2018

Last Buyer's Agent

Vance Young

Intracoastal Realty Corp License #245851

Intracoastal Realty Corp

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,951

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 123x179x46x110x160
  • 106 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Property is zoned R-20

HOA Fees

  • $405 Monthly HOA Fees

Property Views

  • Lake Views

Schools

  • Wrightsville Beach Elementary School
  • Noble Middle School
  • Laney High School

Listing and Financial Details

  • Assessor Parcel Number R05706-005-011-000

Community Details

Overview

  • Landfall Subdivision
  • Maintained Community
  • The community has rules related to deed restrictions

Amenities

  • Community Garden
  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Trails

Security

  • Security Service
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$1,951

Lot Details

0

HOA Fees

$405 per month

Listing Details

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

Exterior Features

  • Road Type Frontage: Paved, Private
  • Waterfront: Yes
  • Waterview: Yes
  • Water Frontage: 106.00

Utilities

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

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Basketball, Clubhouse, Comm Garden, Fitness Center, Gated Community, Golf Course, Maint - Comm Areas, Maint - Grounds, Playground, Pool, Security, Sidewalk, Street Lights, Tax Comm Areas, Tennis, Trails
  • HOAAssociationFee1Year: 4862.00

Lot Info

  • Deed Page: 321.00
  • Lot Dimensions: 123x179x46x110x160
  • Lot Sq Ft: 25265.00
  • Zoning: R-20
  • Acres: 0.58
  • Current Use: Recreational
  • Deed Restriction: Yes
  • Environmental Hazard: No
  • List Price per Acre: 601724.14
  • Soil Evaluation: Soil Evaluation - No
  • Topography: See Remarks
  • Lot View Type: Lake View

Tax Info

  • Tax Identifier: R05706-005-011-000
  • Tax Year: 2017
  • Total Real Estate Property Taxes: 1951.00

MLS Schools

  • Elementary School: Wrightsville Beach
  • High School: Laney
  • Middle School: Noble

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2019
Sold by
Blanton Building Inc
Bought by
Thompson William D and Thompson Michelle B
Current Estimated Value
$2,347,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$878,635
Interest Rate
4.37%
Mortgage Type
Construction
Estimated Equity
$1,469,085

Purchase Details

Listed on
Feb 26, 2018
Closed on
Aug 9, 2018
Sold by
Campbell Marvin A and Sreckovich Catherine
Bought by
Blanton Building Inc
Seller's Agent
Lauren Pierce
ISave Realty LLC
Buyer's Agent
Vance Young
Intracoastal Realty Corp
List Price
$349,000
Sold Price
$300,000
Premium/Discount to List
-$49,000
-14.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.34%

Purchase Details

Closed on
Oct 18, 1999
Sold by
Head Laura H
Bought by
Campbell Marvin A Catherine S

Purchase Details

Closed on
Jul 1, 1985
Sold by
Cpc Partnership
Bought by
Head Laura H
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
Thompson William D $525,000 None Available
Blanton Building Inc $300,000 None Available
Campbell Marvin A Catherine S $130,000 --
Head Laura H $58,500 --
Cpc Partnership $58,500 --
Landfall Associates -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson William D $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2018 09/04/18 Sold $300,000 -14.0% $62 / Sq Ft
07/18/2018 07/18/18 Pending -- -- --
02/26/2018 02/26/18 For Sale $349,000 -- $72 / 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
2025 -- $2,223,100 $829,800 $1,393,300
2023 -- $1,326,100 $443,600 $882,500
2022 $0 $1,326,100 $443,600 $882,500
2021 $0 $1,326,100 $443,600 $882,500
2020 $10,596 $1,005,900 $185,200 $820,700
2019 $2,530 $185,200 $185,200 $0
2018 $0 $185,200 $185,200 $0
2017 $1,951 $185,200 $185,200 $0
2016 $1,875 $169,200 $169,200 $0
2015 $1,792 $169,200 $169,200 $0
2014 $1,742 $171,800 $171,800 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lauren Pierce

    ISave Realty LLC

    Section Image
  • Vance Young

    Buyer's Agent in 2018

    Vance Young

    Intracoastal Realty Corp

    (910) 232-8850

    173 in this area

    867 Total Sales

    Vance Young
    Section Image
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Map

Source: Hive MLS

MLS Number: 100102655

Hive MLS

APN: R05706-005-011-000

North Carolina New Hanover County Wilmington 28405 Landfall

1511 Landalee Ln, Wilmington, NC

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