NOT LISTED FOR SALE

Estimated Value: $4,017,000 - $5,260,569

0.51 Acre
$8,807,561 Price per Acre
22,216 Sq Ft Lot

Last Sold August 10, 2018

Last sale price $675,000

Est. 565% increase in value since last sale

Current estimated payment $25,674/month

18 Days on Market

Highlights

  • Ocean View
  • Wooded Lot
  • Cul-De-Sac
  • Porters Neck Elementary School Rated A-
  • Tennis Courts
  • Security Service

About This Lot

As of August 2018

Opportunity to build your dream home on interior half acre Figure Eight lot with some ocean views. This north end cul-de-sac lot backs up to a wooden walkway for easy beach access. Charter membership at Figure Eight Yacht Club is available. Current Septic Permit dated 10/20/2014 and good until 10/24/2019, allows for 5 bedrooms on lot with site improvements. The Improvement Permit and Survey are included in documents. Best Value on Island!!

Last Agent to Sell the Property

Brenda Mitwol

Intracoastal Realty Corp License #231032 Listed on: 06/08/2018

Intracoastal Realty Corp

Last Buyer's Agent

Brenda Mitwol

Intracoastal Realty Corp License #231032 Listed on: 06/08/2018

Intracoastal Realty Corp

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,211

Lot Details

  • 0.51 Acre Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Wooded Lot
  • Property is zoned R-20

HOA Fees

  • $408 Monthly HOA Fees

Schools

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

Utilities

  • On Site Septic
  • Septic Tank

Additional Features

  • Ocean Views
  • Accessible Ramps
  • Flood Insurance May Be Required

Listing and Financial Details

  • Tax Lot 128
  • Assessor Parcel Number 318907.68.5676.000

Community Details

Overview

  • Master Insurance
  • Figure Eight Island Subdivision
  • Maintained Community
  • The community has rules related to deed restrictions

Recreation

  • Tennis Courts
  • Trails

Security

  • Security Service

Property Details

Property Type

Land

Est. Annual Taxes

$2,211

Lot Details

0

HOA Fees

$408 per month

Listing Details

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

Exterior Features

  • Fencing: None
  • Road Type Frontage: Paved, Private
  • Waterfront: No
  • Waterview: Yes
  • Total Road Frontage: 114

Utilities

  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Service Providers Electric Provider: Duke Energy
  • Utilities: Community Water, Septic On Site

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Flood Insurance, Maint - Comm Areas, Maint - Roads, Master Insure, Ramp, Security, Tax Comm Areas, Tennis, Trails, Trash Removal
  • HOAAssociationFee1Year: 4900.00

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 696.00
  • Lot Description: Cul-de-Sac Lot
  • Lot Number: 128
  • Lot Sq Ft: 22277.00
  • Lot Water Features: Second Row
  • Plat Book: 18
  • Plat Page: 86-90
  • Zoning: R-20
  • Acres: 0.51
  • Deed Restriction: Yes
  • Environmental Hazard: Unknown
  • List Price per Acre: 1470588.24
  • Soil Evaluation: Soil Evaluation - Yes
  • Topography: Undeveloped, Wooded
  • Lot Number2: 128
  • Lot View Type: Ocean View

Tax Info

  • Tax Identifier: 318907.68.5676.000
  • Tax Year: 2017
  • Total City Real Estate Property Tax: 2211.00
  • Total Real Estate Property Taxes: 2211.00
  • Deferred Taxes: No

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2018
Closed on
Jul 31, 2018
Sold by
Rda Trust
Bought by
Maggitti Michael John and Maggitti Nancy Marilyn
Seller's Agent
Brenda Mitwol
Intracoastal Realty Corp
Buyer's Agent
Brenda Mitwol
Intracoastal Realty Corp
List Price
$750,000
Sold Price
$675,000
Premium/Discount to List
-$75,000
-10%
Current Estimated Value
$4,491,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,816,856
Avg. Annual Appreciation
32.44%

Purchase Details

Closed on
Jul 23, 2003
Sold by
Almkuist R Durwood Ii Gloria
Bought by
Rda Trust

Purchase Details

Closed on
Jun 1, 1981
Sold by
Continental Illinois Realty
Bought by
Almkuist Ralph D Ii Gloria

Purchase Details

Closed on
Dec 1, 1975
Bought by
Continental Illinois Realty
Source: Public Records

Range of Values:

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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
Maggitti Michael John $675,000 None Available
Rda Trust -- --
Almkuist Ralph D Ii Gloria $75,000 --
Continental Illinois Realty -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maggitti Michael John $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2018 08/10/18 Sold $675,000 -10.0% --
06/25/2018 06/25/18 Pending -- -- --
06/07/2018 06/07/18 For Sale $750,000 -- --
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 $10,065 $1,912,300 $980,800 $931,500
2022 $10,155 $1,912,300 $980,800 $931,500
2021 $0 $1,334,600 $980,800 $353,800
2020 $2,160 $341,500 $341,500 $0
2019 $2,160 $341,500 $341,500 $0
2018 $2,160 $341,500 $341,500 $0
2017 $2,211 $341,500 $341,500 $0
2016 $3,176 $458,300 $458,300 $0
2015 $2,951 $458,300 $458,300 $0
2014 $2,901 $458,300 $458,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100120065

Hive MLS

APN: R03811-001-009-000