NOT LISTED FOR SALE

156 Beach Rd S Wilmington, NC 28411

Figure 8 Island Neighborhood

Estimated Value: $4,735,000 - $10,470,755

0.55 Acres
$13,895,609 Price per Acre
23,958 Sq Ft Lot

Last Sold March 08, 2021

Last sale price $2,150,000 $621 Per Sq Ft

Est. 255% increase in value since last sale

Current estimated payment $47,816/month

241 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Gated Community
  • Security Service
  • Porters Neck Elementary School Rated A-
  • Tennis Courts
  • Accessible Ramps

About This Lot

As of March 2021

Fabulous ocean front lot on the south end of Figure 8 Island. Recently planted to meet all set back requirements. Beach re-nourishment on south end just completed May 1, 2020.

Last Agent to Sell the Property

Buzzy Northen

Intracoastal Realty Corp License #274691 Listed on: 05/19/2020

Intracoastal Realty Corp

Last Buyer's Agent

Buzzy Northen

Intracoastal Realty Corp License #274691 Listed on: 05/19/2020

Intracoastal Realty Corp

Property Details

Property Type

  • Land

Lot Details

  • 0.55 Acre Lot
  • 100 Feet of Waterfront
  • Property fronts a private road
  • Cleared Lot
  • Property is zoned R-20S

HOA Fees

  • $408 Monthly HOA Fees

Schools

  • Blair Elementary School
  • Noble Middle School
  • Laney High School

Additional Features

  • Water Views
  • Accessible Ramps

Listing and Financial Details

  • Assessor Parcel Number R05207-001-009-000

Community Details

Overview

  • Figure 8 HOA, Phone Number (910) 686-0635
  • Figure Eight Island Subdivision
  • Maintained Community
  • The community has rules related to deed restrictions

Recreation

  • Tennis Courts
  • Community Playground

Security

  • Security Service
  • Gated Community

Property Details

Property Type

Land

Lot Details

0.55 Acres

HOA Fees

$408 per month

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Prospect Exempt: No
  • Secondary Subdivision: N/A
  • Waterview: Yes
  • Buildigson Property: None
  • List Priceper Acre: 3990909.09
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Type Frontage: Maintained, Private
  • Waterfront: Yes
  • Water Frontage: 100.00

Utilities

  • Fuel Tank: None
  • Utilities: Community Water Available

Association/Amenities

  • H O A: Yes
  • H O Aand Neighborhood Amenities: Gated Community, Maint - Comm Areas, Maint - Roads, Playground, Ramp, Security, Tennis, Trash Removal
  • Annual H O A: 4900.00
  • H O A Company: Figure 8 HOA
  • H O A Phone: 910-686-0635

Schools

  • Elementary School: Blair
  • High School: Laney
  • Middle School: Noble
  • School District: New Hanover

Lot Info

  • Cobra Zone: No
  • Deed Book: 5977
  • Deed Page: 2744.00
  • Lot Sq Ft: 23814.00
  • Zoning: R-20S
  • Acres: 0.55
  • Current Use: Residential
  • Deed Restriction: Yes
  • Environmental Hazard: Unknown
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared, Undeveloped

Tax Info

  • Tax Identifier: R05207-001-009-000
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2020
Closed on
Feb 25, 2021
Sold by
Riddle Joseph P and Riddle Trina T
Bought by
Fikry Christopher Charles and Mann Stephanie Anne
Seller's Agent
Buzzy Northen
Intracoastal Realty Corp
Buyer's Agent
Buzzy Northen
Intracoastal Realty Corp
List Price
$2,295,000
Sold Price
$2,150,000
Premium/Discount to List
-$145,000
-6.32%
Current Estimated Value
$7,642,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,492,585
Avg. Annual Appreciation
28.68%
Original Mortgage
$855,000
Outstanding Balance
$764,703
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$6,877,882

Purchase Details

Closed on
Jun 8, 2016
Sold by
Armstrong Carolyn R and Armstrong George H
Bought by
Armstrong Carolyn Riddle and The Carolyn Riddle Armstrong Revocable

Purchase Details

Closed on
Jul 15, 2010
Sold by
Riddle Joseph P and Riddle Trina T
Bought by
Riddle Joseph P and Riddle Trina T

Purchase Details

Closed on
Feb 3, 1999
Sold by
Mdc Ii Llc
Bought by
Riddle Joseph P Iii Carolyn

Purchase Details

Closed on
Dec 30, 1998
Sold by
Mdc Ii Llc
Bought by
Riddle Joseph P

Purchase Details

Closed on
Mar 18, 1997
Sold by
Riddle March F
Bought by
Mdc Ii Llc

Purchase Details

Closed on
Dec 31, 1996
Sold by
March Development Corp (The)
Bought by
Riddle March F

Purchase Details

Closed on
May 1, 1972
Bought by
J P Riddle Const Co Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fikry Christopher Charles $2,150,000 None Available
Armstrong Carolyn Riddle -- None Available
Riddle Joseph P -- None Available
Riddle Joseph P Iii Carolyn -- --
Riddle Joseph P -- --
Mdc Ii Llc -- --
Riddle March F -- --
J P Riddle Const Co Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fikry Christopher Charles $855,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2021 03/08/21 Sold $2,150,000 -6.3% $621 / Sq Ft
01/15/2021 01/15/21 Pending -- -- --
05/19/2020 05/19/20 For Sale $2,295,000 -- $663 / Sq Ft
Source: Hive MLS

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 -- $6,677,500 $2,683,600 $3,993,900
2024 -- $2,627,200 $2,186,800 $440,400
2023 $5,713 $2,186,800 $2,186,800 $0
2022 $0 $2,186,800 $2,186,800 $0
2021 $8,989 $2,186,800 $2,186,800 $0
2020 $8,702 $1,375,800 $1,201,100 $174,700
2019 $8,702 $1,375,800 $1,201,100 $174,700
2018 $8,702 $1,375,800 $1,201,100 $174,700
2017 $9,444 $1,458,500 $1,212,700 $245,800
2016 $8,394 $1,211,300 $898,300 $313,000
2015 $7,801 $1,211,300 $898,300 $313,000
2014 $7,668 $1,211,300 $898,300 $313,000
Source: Public Records

Agents Affiliated with this Home

  • Buzzy Northen

    Seller's Agent in 2021

    Buzzy Northen

    Intracoastal Realty Corp

    (910) 520-0990

    15 in this area

    25 Total Sales

    Buzzy Northen
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Map

Source: Hive MLS

MLS Number: 100218277

Hive MLS

APN: R05207-001-009-000

North Carolina New Hanover County Wilmington 28411 Figure 8 Island

156 Beach Rd S, Wilmington, NC

Not Listed for Sale

Lots

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