NOT LISTED FOR SALE

227 Olde Well Loop Rd Wilmington, NC 28411

Estimated Value: $328,138 - $350,000

3 Beds
2 Baths
1,227 Sq Ft
$276/Sq Ft Est. Value

Last Sold May 18, 2018

Last sale price $190,000 $155 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,907/month

2 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • Resident Manager or Management On Site
  • Emma B. Trask Middle School Rated 9+
  • Porch
  • Laundry Room

About This Home

As of May 2018

Well-maintained 3 bedroom, 2 full bath home in Farrington Farms an easy walk to Ogden Park and Eaton Elementary! Home features wood laminate flooring in the living room and bedrooms, a split-bedroom floor plan, and lots of storage space. The roof and water heater were replaced in 2016. The large deck overlooking the partially fenced, private back yard was built the same year. A home warranty is included for added peace of mind. Currently, the garage has a separator wall creating a storage area and home office, but it could easily be converted back to a 1-car garage. Located 6 miles to Wrightsville Beach, and just minutes to shopping and dining at Mayfaire Town Center, there's always plenty to do!

Last Agent to Sell the Property

Melanie Cameron

Coldwell Banker Sea Coast Advantage License #209100 Listed on: 04/09/2018

Coldwell Banker Sea Coast Advantage

Last Buyer's Agent

Matthew Costin

Nest Realty License #267168

Nest Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,200

Year Built

  • Built in 2002

Lot Details

  • 9,583 Sq Ft Lot
  • Fenced Yard
  • Property is zoned R-10

HOA Fees

  • $18 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,227 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Partial Basement
  • Attic Access Panel
  • Laundry Room

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Attached Garage
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R04300-003-059-000

Community Details

Overview

  • Farrington Farms Subdivision
  • Maintained Community

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,200

Year Built

Built in 2002

Lot Details

0

HOA Fees

$18 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Access Only
  • Dining Room Type: Combination, Kitchen
  • Fireplace: None
  • Flooring: Laminate, Vinyl
  • Heated Sq Ft: 1200 - 1399
  • Interior Amenities: 1st Floor Master, Pantry, Ceiling Fan(s), Blinds/Shades
  • Laundry Location: Room
  • List Price per Sq Ft: 155.66
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Number Rooms: 5
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First
  • Sq Ft Heated: 1227.00
  • Total Heated Primary Separate Sq Ft: 1227.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Vinyl Siding
  • Fencing: Back Yard, Partial
  • Foundation: Slab
  • Porch Balcony Deck: Deck, Porch
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Attached Garage Spaces: 1.00
  • Total Garage Spaces: 1.00
  • Parking Driveway: Off Street

Utilities

  • Appliances Equipment: Dishwasher, Stove/Oven - Electric, Disposal
  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Forced Air, Heat Pump
  • 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
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Maint - Comm Areas, Sidewalk, Taxes, Street Lights, Management
  • HOAAssociationFee1Year: 218.00

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 1644.00
  • Lot Acres: 0.22
  • Lot Dimensions: irregular
  • Lot Sq Ft: 9583.00
  • Zoning: R-10

Tax Info

  • Tax Identifier: R04300-003-059-000
  • Tax Year: 2017

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2018
Closed on
May 1, 2018
Sold by
Burman Wesley Christopher and Burman Angela Marie
Bought by
Forman Alexandra
Seller's Agent
Melanie Cameron
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Matthew Costin
Nest Realty
List Price
$191,000
Sold Price
$190,000
Premium/Discount to List
-$1,000
-0.52%
Current Estimated Value
$338,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,535
Avg. Annual Appreciation
8.12%
Original Mortgage
$184,300
Outstanding Balance
$158,347
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$180,188

Purchase Details

Closed on
Aug 7, 2007
Sold by
Henderson Donald and Henderson Lynn
Bought by
Burman Wesley Christopher and Coffman Angela Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 2004
Sold by
Neal James Christopher
Bought by
Henderson Donald Lynn

Purchase Details

Closed on
Feb 6, 2003
Sold by
Sunrise Homes Inc
Bought by
Neal James Christopher

Purchase Details

Closed on
Mar 29, 1999
Sold by
Landmark Homes Inc
Bought by
Sunrise Homes Inc

Purchase Details

Closed on
Jun 24, 1998
Sold by
Farrington Farms Develop Corp
Bought by
Landmark Homes Inc

Purchase Details

Closed on
Nov 14, 1995
Sold by
Gts Development Llc
Bought by
Farrington Farms Develop Corp
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
Forman Alexandra $196,000 None Available
Burman Wesley Christopher $187,500 None Available
Henderson Donald Lynn $132,000 --
Neal James Christopher $112,500 --
Sunrise Homes Inc $3,974,500 --
Landmark Homes Inc $414,000 --
Farrington Farms Develop Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forman Alexandra $184,300
Previous Owner Burman Wesley Christopher $187,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2018 05/18/18 Sold $190,000 -0.5% $155 / Sq Ft
04/11/2018 04/11/18 Pending -- -- --
04/09/2018 04/09/18 For Sale $191,000 -- $156 / 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
2025 $1,200 $318,300 $107,400 $210,900
2024 $1,200 $215,500 $59,100 $156,400
2023 $1,194 $215,500 $59,100 $156,400
2022 $1,205 $215,500 $59,100 $156,400
2021 $1,192 $215,500 $59,100 $156,400
2020 $951 $150,400 $44,000 $106,400
2019 $951 $150,400 $44,000 $106,400
2018 $951 $150,400 $44,000 $106,400
2017 $974 $150,400 $44,000 $106,400
2016 $965 $139,200 $42,000 $97,200
2015 $896 $139,200 $42,000 $97,200
2014 $881 $139,200 $42,000 $97,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100109869

Hive MLS

APN: R04300-003-059-000