NOT LISTED FOR SALE

175 Timber Point Dr Merritt, NC 28556

Estimated Value: $303,417

2.37 Acres
$128,024 Price per Acre
103,237 Sq Ft Lot

Last Sold September 26, 2014

Last sale price $10,000

Est. 2,934% increase in value since last sale

Current estimated payment $1,684/month

582 Days on Market

Highlights

  • Waterfront
  • 2.37 Acre Lot
  • No HOA

About This Lot

As of September 2014

- PRICE REDUCED! Partially cleared lot located on a Bay River tributary in the waterfront subdivision of Timber Point. This property is exceptionally priced and Owner wishes to sell ASAP.

Last Agent to Sell the Property

JANICE COX

Century 21 Sail/Loft Realty License #271197 Listed on: 02/04/2013

Century 21 Sail/Loft Realty

Last Buyer's Agent

File Listing

NEUSE RIVER REGION ASSOC. OF REALTORS

Property Details

Property Type

  • Land

Lot Details

  • 2.37 Acre Lot
  • Cleared Lot

Utilities

  • Septic Permit Issued

Listing and Financial Details

  • Tax Lot 7

Community Details

Overview

  • No Home Owners Association
  • Timber Point Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Waterfront

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Special Features: 20
  • Property Sub Type: LotsLands

Exterior Features

  • Road Type Frontage: Paved
  • Waterfront: Yes
  • Total Road Frontage: 150

Utilities

  • Utilities: Municipal Water Available, Septic Permit on file

Association/Amenities

  • HOA: No

Schools

  • School District: Pamlico

Lot Info

  • Deed Book: 560
  • Deed Page: 410.00
  • Lot Description: Partially Cleared
  • Lot Number: 7
  • Lot Sq Ft: 103237.00
  • Lot Water Features: Waterfront Comm
  • Zoning: Resi
  • Acres: 2.37
  • Deed Restriction: Yes
  • List Price per Acre: 10084.39
  • Topography: Cleared/Partial
  • Lot Number2: 7

Tax Info

  • Total Real Estate Property Taxes: 359.00

MLS Schools

  • School District: Pamlico

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2013
Closed on
Sep 25, 2014
Bought by
Henries Jody
Seller's Agent
JANICE COX
Century 21 Sail/Loft Realty
Buyer's Agent
File Listing
NEUSE RIVER REGION ASSOC. OF REALTORS
List Price
$42,500
Sold Price
$10,000
Premium/Discount to List
-$32,500
-76.47%
Current Estimated Value
$303,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,417
Avg. Annual Appreciation
36.56%

Purchase Details

Closed on
Oct 14, 2011
Sold by
Olexa Michael J and Olexa Kara M
Bought by
Gateway Bank & Trust Co

Purchase Details

Closed on
Jun 5, 2007
Sold by
Walsh Christopher G and Walsh Allison J
Bought by
Olexa Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Henries Jody $10,000 --
Gateway Bank & Trust Co $63,000 None Available
Olexa Michael J $170,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olexa Michael J $153,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2014 09/26/14 Sold $10,000 -76.5% --
09/09/2014 09/09/14 Pending -- -- --
02/04/2013 02/04/13 For Sale $42,500 -- --
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 $371 $52,569 $52,569 $0
2023 $361 $52,569 $52,569 $0
2022 $361 $52,569 $52,569 $0
2021 $361 $52,569 $52,569 $0
2020 $361 $52,569 $52,569 $0
2019 $375 $54,712 $54,712 $0
2018 $375 $0 $0 $0
2017 $375 $0 $0 $0
2016 $375 $0 $0 $0
2015 $375 $54,712 $54,712 $0
2014 $375 $54,712 $54,712 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    JANICE COX

    Century 21 Sail/Loft Realty

    Section Image

  • F

    Buyer's Agent in 2014

    File Listing

    NEUSE RIVER REGION ASSOC. OF REALTORS

See All Agents

Map

Source: Hive MLS

MLS Number: 90088530

Hive MLS

APN: J05-4-1-7

North Carolina Pamlico County Merritt 28556

175 Timber Point Dr, Merritt, NC

This home is located at 175 Timber Point Dr, Merritt, NC 28556 since 04 February 2013 and is currently estimated at $303,417. 175 Timber Point Dr is a home located in Pamlico County with nearby schools including Pamlico County Primary School, Fred A. Anderson Elementary School, and Pamlico County 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

Nearby Homes