NOT LISTED FOR SALE

219 Timber Point Dr Merritt, NC 28556

Estimated Value: $89,307

3.36 Acres
$26,579 Price per Acre
146,362 Sq Ft Lot

Last Sold August 12, 2022

Last sale price $82,900

Est. 8% increase in value since last sale

Current estimated payment $541/month

839 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 3.36 Acre Lot
  • No HOA
  • 241 Feet of Waterfront

About This Lot

As of August 2022

241 feet of waterfront on the beautiful Bay River!! The building lot of 3.36 acres allows the home site to have both privacy and a great water view. 776 feet from the road front to the water front. Timber Point is a smaller community with approximately 16 home sites. Located on the Bay River with easy access to ICW and fishing 12-months a year is a great location for the outdoors person or family. Lot has been mostly cleared with trees remaining on both sides of the property for privacy.

Last Agent to Sell the Property

Ann Wolf

Century 21 Sail/Loft Realty License #326958 Listed on: 03/14/2020

Century 21 Sail/Loft Realty

Last Buyer's Agent

DONNETTE HANCOCK

NorthGroup License #296510

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $654

Lot Details

  • 3.36 Acre Lot
  • 241 Feet of Waterfront
  • Property fronts a private road
  • Cleared Lot

Property Views

  • Water Views

Schools

  • Pamlico County Primary Elementary School
  • Pamlico County Middle School
  • Pamlico County High School

Utilities

  • Water Rights
  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 5 & 5A
  • Assessor Parcel Number J05-4-1-5

Community Details

Overview

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

Recreation

  • Deeded Waterfront Access Rights

Property Details

Property Type

Land

Est. Annual Taxes

$654

Lot Details

0

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: Yes
  • Waterview: Yes
  • Total Road Frontage: 109
  • Water Frontage: 241.00

Utilities

  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Utilities: Municipal Water Available, No Sewer

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Book: 446
  • Deed Page: 876.00
  • Lot Description: Deeded Water Rights, Subdivision
  • Lot Number: 5 & 5A
  • Lot Sq Ft: 146362.00
  • Lot Water Features: Deeded Water Rights, Deeded Waterfront, Waterfront Comm
  • Plat Book: A
  • Plat Page: 142-6
  • Special Assessments: *** BACK ON MARKET ***
  • Zoning: Residential
  • Acres: 3.36
  • Current Use: Residential
  • Deed Restriction: Yes
  • Environmental Hazard: Unknown
  • List Price per Acre: 26755.95
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared/Partial
  • Lot Number2: 5 & 5A

Tax Info

  • Tax Identifier: J05-4-1-5
  • Tax Year: 2019
  • Deferred Taxes: No

MLS Schools

  • Elementary School: Pamlico County Primary
  • High School: Pamlico County
  • High School2: Pamlico County
  • Middle School: Pamlico County
  • Middle School2: Pamlico County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2020
Closed on
Aug 1, 2022
Sold by
Johnson Eric F and Johnson Patricia W
Bought by
Ellens Gabriel L and Ellens Patricia M
Seller's Agent
Ann Wolf
Century 21 Sail/Loft Realty
Buyer's Agent
DONNETTE HANCOCK
NorthGroup
List Price
$89,900
Sold Price
$82,900
Premium/Discount to List
-$7,000
-7.79%
Current Estimated Value
$89,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,407
Avg. Annual Appreciation
2.11%
Original Mortgage
$53,885
Outstanding Balance
$51,927
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$36,365

Purchase Details

Closed on
May 11, 2005
Sold by
Timber Point Properties Ll
Bought by
Johnson Eric F and Johnson Patricia W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,415
Interest Rate
5.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 1, 1899
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
Ellens Gabriel L $83,000 Delamar & Delamar Pllc
Johnson Eric F $199,500 None Available
-- $199,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ellens Gabriel L $53,885
Previous Owner Johnson Eric F $178,415
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $82,900 -7.8% --
07/01/2022 07/01/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $89,900 0.0% --
05/03/2022 05/03/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $89,900 +8.4% --
03/12/2022 03/12/22 Off Market $82,900 -- --
03/17/2021 03/17/21 For Sale $89,900 +8.4% --
03/04/2021 03/04/21 Off Market $82,900 -- --
03/14/2020 03/14/20 For Sale $89,900 -- --
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 $654 $92,646 $92,646 $0
2023 $636 $92,646 $92,646 $0
2022 $636 $92,646 $92,646 $0
2021 $636 $92,646 $92,646 $0
2020 $636 $92,646 $92,646 $0
2019 $599 $87,316 $87,316 $0
2018 $599 $0 $0 $0
2017 $599 $0 $0 $0
2016 $599 $0 $0 $0
2015 $599 $87,316 $87,316 $0
2014 $599 $87,316 $87,316 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100209311

Hive MLS

APN: J05-4-1-5