NOT LISTED FOR SALE

2029 Pelican Reach Place Wilmington, NC 28405

Landfall Neighborhood

Estimated Value: $2,005,413 - $2,266,000

0.74 Acre
$2,862,349 Price per Acre
32,234 Sq Ft Lot

Last Sold December 19, 2016

Last sale price $312,250

Est. 562% increase in value since last sale

Current estimated payment $12,231/month

73 Days on Market

Highlights

  • Water Views
  • On Golf Course
  • Wooded Lot
  • Wrightsville Beach Elementary School Rated A-
  • Gated Community
  • Community Basketball Court

About This Lot

As of December 2016

Gorgeous golf course lot in the gated community of Landfall in Wilmington, NC. This 3/4 acre lot allows a sizeable and ideal place to build your dream home, with expansive views of the pond and 8th fairway of the Nicklaus Marsh Course. The location at the end of a cul de sac provides a very private setting. This is a great opportunity to build your brand new home is this beautiful, established neighborhood!

Last Agent to Sell the Property

Karen Thompson

Landfall Realty, LLC License #183989 Listed on: 08/22/2016

Last Buyer's Agent

Vance Young

Intracoastal Realty Corp License #245851

Intracoastal Realty Corp

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,569

Lot Details

  • 0.74 Acre Lot
  • Property fronts a private road
  • On Golf Course
  • Cul-De-Sac
  • Wooded Lot
  • Property is zoned R-20

HOA Fees

  • $204 Monthly HOA Fees

Property Views

  • Water Views

Schools

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

Listing and Financial Details

  • Assessor Parcel Number R05110-008-008-000

Community Details

Overview

  • Landfall Coa, Phone Number (910) 256-7651
  • Landfall Subdivision
  • Maintained Community
  • The community has rules related to deed restrictions

Amenities

  • Picnic Area

Recreation

  • Community Basketball Court
  • Community Playground
  • Trails

Security

  • Security Service
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$8,569

Lot Details

0

HOA Fees

$204 per month

Listing Details

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

Exterior Features

  • Fencing: None
  • Road Type Frontage: Maintained, Paved, Private
  • Waterfront: No
  • Waterview: Yes
  • Total Road Frontage: 140

Utilities

  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Service Providers Electric Provider: Duke Progress Energy
  • Service Providers Sewer Provider: Cape Fear Public Utility Authority
  • Service Providers Water Provider: Cape Fear Public Utility Authority

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Basketball, Gated Community, Maint - Comm Areas, Maint - Roads, Mgmt Fee, Picnic Grounds, Playground, Security, Sidewalk, Street Lights, Tax Comm Areas, Trails
  • Annual HOA: 2445.00
  • HOA Company: Landfall COA
  • HOA Phone: 910-256-7651

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 5985
  • Deed Page: 526.00
  • Lot Description: Cul-de-Sac Lot, Golf Course Lot, Subdivision, Wooded
  • Lot Sq Ft: 32339.00
  • Plat Book: 37
  • Plat Page: 119
  • Zoning: R-20
  • Acres: 0.74
  • Current Use: Residential
  • Deed Restriction: Yes
  • Environmental Hazard: No
  • Flood Zone: Yes
  • List Price per Acre: 438513.51
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Wooded
  • Lot Number2: undefined

Tax Info

  • Tax Identifier: R05110-008-008-000
  • Tax Year: 2015

MLS Schools

  • Elementary School: Wrightsville Beach
  • High School: Laney
  • Middle School: Noble
  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2016
Closed on
Dec 13, 2016
Sold by
Floyd Renee and Floyd Lattie Frank
Bought by
Spong Eric Andrew and Spong Bernadette Mcmullen
Seller's Agent
Karen Thompson
Landfall Realty, LLC
Buyer's Agent
Vance Young
Intracoastal Realty Corp
List Price
$339,000
Sold Price
$312,250
Premium/Discount to List
-$26,750
-7.89%
Current Estimated Value
$2,066,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,754,104
Avg. Annual Appreciation
24.10%

Purchase Details

Listed on
Mar 2, 2016
Closed on
Jul 10, 2016
Sold by
Rhodes Nick and Rhodes Deloris H
Bought by
Floyd Renee Elizabeth
Seller's Agent
Sandy Monroe
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Martie Davy
Landfall Realty, LLC
List Price
$329,000
Sold Price
$315,000
Premium/Discount to List
-$14,000
-4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.97%

Purchase Details

Closed on
Sep 26, 2005
Sold by
Sweyer Amy Linn and Sweyer Richard D
Bought by
Rhodes Nick and Rhodes Deloris H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,250
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2004
Sold by
Reed Nancy L Family Trust
Bought by
Sweyer Amy Linn

Purchase Details

Closed on
Dec 21, 1999
Sold by
Landfall Associates
Bought by
Reed Nancy L Family Tr Etal

Purchase Details

Closed on
May 21, 1998
Sold by
Landfall Associtates
Bought by
New Han Cnty Water/Sewer

Purchase Details

Closed on
Jul 1, 1987
Bought by
Landfall Associates
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
Spong Eric Andrew $312,500 None Available
Floyd Renee Elizabeth $315,000 None Available
Rhodes Nick $315,000 None Available
Sweyer Amy Linn $144,000 --
Reed Nancy L Family Tr Etal $151,500 --
New Han Cnty Water/Sewer -- --
Landfall Associates -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rhodes Nick $299,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2016 12/19/16 Sold $312,250 -7.9% --
11/03/2016 11/03/16 Pending -- -- --
08/22/2016 08/22/16 For Sale $339,000 +7.6% --
07/13/2016 07/13/16 Sold $315,000 -4.3% --
06/21/2016 06/21/16 Pending -- -- --
03/02/2016 03/02/16 For Sale $329,000 -- --
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 $8,569 $984,900 $361,700 $623,200
2022 $3,115 $984,900 $361,700 $623,200
2021 $0 $361,700 $361,700 $0
2020 $3,115 $295,700 $295,700 $0
2019 $3,115 $295,700 $295,700 $0
2018 $3,115 $295,700 $295,700 $0
2017 $3,115 $295,700 $295,700 $0
2016 $2,048 $184,800 $184,800 $0
2015 $1,957 $184,800 $184,800 $0
2014 $1,874 $184,800 $184,800 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Sandy Monroe

    Coldwell Banker Sea Coast Advantage

    (910) 232-2801

    2 in this area

    127 Total Sales

    Section Image

  • K

    Seller's Agent in 2016

    Karen Thompson

    Landfall Realty, LLC

    (910) 256-9975

    33 in this area

    37 Total Sales

    Section Image

  • E

    Seller Co-Listing Agent in 2016

    Elizabeth Robert Mary

    Coldwell Banker Sea Coast Advantage

    (910) 799-3435

    1 in this area

    17 Total Sales

    Section Image

  • M

    Buyer's Agent in 2016

    Martie Davy

    Landfall Realty, LLC

  • Vance Young

    Buyer's Agent in 2016

    Vance Young

    Intracoastal Realty Corp

    (910) 232-8850

    184 in this area

    899 Total Sales

    Section Image
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Map

Source: Hive MLS

MLS Number: 100026786

Hive MLS

APN: R05110-008-008-000

North Carolina New Hanover County Wilmington 28405 Landfall

2029 Pelican Reach Place, Wilmington, NC

This home is located at 2029 Pelican Reach Place, Wilmington, NC 28405 since 22 August 2016 and is currently estimated at $2,118,138. 2029 Pelican Reach Place is a home located in New Hanover County with nearby schools including Wrightsville Beach Elementary School, M.C.S. Noble Middle School, and New Hanover High School.

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