NOT LISTED FOR SALE

2 Cedar Island Wilmington, NC 28409

Greenville Loop Neighborhood

Estimated Value: $2,562,000 - $7,294,609

2.78 Acres
$1,875,133 Price per Acre
121,097 Sq Ft Lot

Last Sold May 02, 2016

Last sale price $1,695,000 $322 Per Sq Ft

Est. 208% increase in value since last sale

Current estimated payment $31,008/month

1 Day on Market

Highlights

  • 225 Feet of Waterfront
  • Community Boat Slip
  • Boat Slip
  • Roland-Grise Middle School Rated A-
  • Sailboat Water Access
  • 2.78 Acre Lot

About This Lot

As of May 2016

A boater's paradise! 2.78 acres on the Intracoastal waterway with private pier and a protected lagoon with ramp and pier. Build the home of your dreams on this magnificent waterfront property located on sought after Greenville Loop Road. Enjoy a quick lunch at Dockside by boat, an afternoon stroll on secluded Masonboro Island or a day sail in the Atlantic Ocean through the protected Masonboro Inlet, all just 5 minutes by boat!

Last Agent to Sell the Property

Vance Young

Intracoastal Realty Corp License #245851 Listed on: 03/08/2016

Intracoastal Realty Corp

Last Buyer's Agent

Michelle Clark

Intracoastal Realty Corp License #237024

Intracoastal Realty Corp

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,014

Year Built

  • 1975

Lot Details

  • 2.78 Acre Lot
  • 225 Feet of Waterfront
  • Cleared Lot
  • Property is zoned R-20

Property Views

  • Water Views

Schools

  • Bradley Creek Elementary School
  • Noble Middle School
  • Hoggard High School

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 315618.31.0587.000

Community Details

Overview

  • Property has a Home Owners Association
  • Cedar Island Rd Main HOA
  • Cedar Island Subdivision
  • Maintained Community

Recreation

  • Community Boat Slip
  • Sailboat Water Access
  • Boat Slip

Property Details

Property Type

Land

Est. Annual Taxes

$14,014

Year Built

1975

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1975

Exterior Features

  • Road Type Frontage: Paved
  • Waterfront: Yes
  • Waterview: Yes
  • Total Road Frontage: 353
  • Water Frontage: 225.00

Utilities

  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Boat Slip - Not Assign, Maint - Roads, No Amenities
  • HOA Company: Cedar Island Rd Main

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 5695
  • Deed Page: 1425.00
  • Lot Description: Sailboat Accessible, See Remarks
  • Lot Dimensions: Irregular
  • Lot Number: 2
  • Lot Sq Ft: 121097.00
  • Lot Water Features: Boat Slip, Sailboat Accessible
  • Plat Book: 29
  • Plat Page: 8
  • Zoning: R-20
  • Acres: 2.78
  • Deed Restriction: No
  • Environmental Hazard: No
  • Flood Zone: No
  • List Price per Acre: 645683.45
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared
  • Lot Number2: 2

Tax Info

  • Tax Identifier: 315618.31.0587.000
  • Tax Year: 2015
  • Total Real Estate Property Taxes: 14014.00

MLS Schools

  • Elementary School: Bradley Creek
  • High School: Hoggard
  • Middle School: Noble
  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2016
Closed on
Apr 14, 2016
Sold by
Mceachern Mary Margaret and Dillow Robert E
Bought by
Bodemann Timothy S and Bodemann Lisa D
Seller's Agent
Vance Young
Intracoastal Realty Corp
Buyer's Agent
Michelle Clark
Intracoastal Realty Corp
List Price
$1,795,000
Sold Price
$1,695,000
Premium/Discount to List
-$100,000
-5.57%
Total Days on Market
1
Current Estimated Value
$5,212,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,517,870
Avg. Annual Appreciation
12.70%
Original Mortgage
$1,250,000
Interest Rate
3.73%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 16, 2012
Sold by
Mceachern Mary Lou Jordan
Bought by
Mceachern Mary Lou J Rev Trust

Purchase Details

Closed on
Apr 14, 2012
Sold by
Mceachern Mary Margaret
Bought by
Mceachern Mary Margaret and Dillow Robert E

Purchase Details

Closed on
Mar 29, 2007
Sold by
Mceachern Mary Lou J
Bought by
Mceachern Mary Margaret

Purchase Details

Closed on
Sep 12, 2004
Sold by
Mceachern Jr Hugh A
Bought by
Mceachern Mary Lou J

Purchase Details

Closed on
Jun 5, 1991
Sold by
Mceachern Hugh Alexander
Bought by
Marine Fisheries Division N C

Purchase Details

Closed on
Mar 1, 1974
Sold by
Mayer Franklin B Agnes M
Bought by
Mceachern Hugh A Jr Mary Lou J
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
Bodemann Timothy S $1,695,000 None Available
Mceachern Mary Lou J Rev Trust -- --
Mceachern Mary Margaret -- None Available
Mceachern Mary Lou J -- --
Marine Fisheries Division N C -- --
Mceachern Hugh A Jr Mary Lou J $41,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bodemann Timothy S $3,289,650
Closed Bodemann Timothy S $1,250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2016 05/02/16 Sold $1,695,000 -5.6% $322 / Sq Ft
03/09/2016 03/09/16 Pending -- -- --
03/08/2016 03/08/16 For Sale $1,795,000 -- $341 / 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 $22,279 $5,121,500 $2,360,700 $2,760,800
2022 $32,650 $5,121,500 $2,360,700 $2,760,800
2021 $9,472 $4,427,300 $2,360,700 $2,066,600
2020 $15,537 $1,474,900 $1,189,500 $285,400
2019 $13,827 $1,312,600 $1,189,500 $123,100
2018 $13,827 $1,312,600 $1,189,500 $123,100
2017 $13,827 $1,312,600 $1,189,500 $123,100
2016 $14,662 $1,323,300 $986,500 $336,800
2015 $14,014 $1,323,300 $986,500 $336,800
2014 $13,418 $1,323,300 $986,500 $336,800
Source: Public Records

Agents Affiliated with this Home

  • Vance Young

    Seller's Agent in 2016

    Vance Young

    Intracoastal Realty Corp

    (910) 232-8850

    20 in this area

    900 Total Sales

    Vance Young
    Section Image

  • M

    Buyer's Agent in 2016

    Michelle Clark

    Intracoastal Realty Corp

    (910) 367-9767

    6 in this area

    420 Total Sales

    Michelle Clark
    Section Image
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Map

Source: Hive MLS

MLS Number: 100004971

Hive MLS

APN: R06700-003-003-001

North Carolina New Hanover County Wilmington 28409 Greenville Loop

2 Cedar Island, Wilmington, NC

This home is located at 2 Cedar Island, Wilmington, NC 28409 since 08 March 2016 and is currently estimated at $5,212,870, approximately $989 per square foot. This property was built in 1975. 2 Cedar Island is a home located in New Hanover County with nearby schools including Bradley Creek Elementary School, Roland-Grise Middle School, and John T. Hoggard High School.

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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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