NOT LISTED FOR SALE

2510 Cedar Island Cedar Island, NC 28520

Estimated Value: $319,000 - $425,843

0.96 Acre
$386,939 Price per Acre
41,818 Sq Ft Lot

Last Sold November 15, 2017

Last sale price $70,000

Est. 431% increase in value since last sale

Current estimated payment $2,077/month

154 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Wooded Lot
  • Level Lot
  • Atlantic Elementary School Rated A-
  • No HOA

About This Lot

As of November 2017

Large waterfront lot with 200 feet of frontage on Cedar Island Bay. Excellent panoramic views of the Bay and beyond. Three bedroom septic already installed. Existing bulkhead has been damaged and needs repairs. Priced well below tax value.

Last Agent to Sell the Property

Alton Best

RE/MAX Ocean Properties License #64879 Listed on: 05/21/2017

Last Buyer's Agent

Betty Dunn

The Star Team

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,298

Lot Details

  • 0.96 Acre Lot
  • Lot Dimensions are 170 x 240 x 200 x 190
  • 200 Feet of Waterfront
  • Level Lot
  • Wooded Lot

Schools

  • Atlantic Elementary School
  • Down East Middle School
  • East Carteret High School

Additional Features

  • Water Views
  • Water Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 8406.04.80.1566000

Property Details

Property Type

Land

Est. Annual Taxes

$1,298

Lot Details

0

Listing Details

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

Exterior Features

  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Waterfront: Yes
  • Waterview: Yes
  • Total Road Frontage: 170
  • Water Frontage: 200.00

Utilities

  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Utilities: No Water

Association/Amenities

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

Lot Info

  • Deed Page: 434.00
  • Lot Description: Wooded
  • Lot Dimensions: 170 X 240 X 200 X 190
  • Lot Sq Ft: 42035.00
  • Plat Book: 26
  • Plat Page: 12
  • Acres: 0.96
  • Current Use: Residential
  • Deed Restriction: No
  • Environmental Hazard: No
  • Flood Zone: Yes
  • List Price per Acre: 92708.33
  • Soil Evaluation Other: Septic
  • Topography: Level, Wooded
  • Lot View Type: Water View

Tax Info

  • Tax Identifier: 8406.04.80.1566000
  • Tax Year: 2016

MLS Schools

  • Elementary School: Atlantic
  • High School: East Carteret
  • Middle School: Down East

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2017
Closed on
Nov 6, 2017
Sold by
Renner Daniel K and Renner Karen E
Bought by
Hessnice Joseph D and Hessnice Sally A
Seller's Agent
Alton Best
RE/MAX Ocean Properties
Buyer's Agent
Betty Dunn
The Star Team
List Price
$89,000
Sold Price
$70,000
Premium/Discount to List
-$19,000
-21.35%
Current Estimated Value
$371,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,461
Avg. Annual Appreciation
25.56%

Purchase Details

Closed on
Jun 27, 2005
Sold by
Hook James C and Hook Celia Hewett
Bought by
Renner Daniel K and Renner Karen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hessnice Joseph D $70,000 None Available
Renner Daniel K $210,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Renner Daniel K $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2017 11/15/17 Sold $70,000 -21.3% --
10/22/2017 10/22/17 Pending -- -- --
05/21/2017 05/21/17 For Sale $89,000 -- --
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
2025 $1,298 $303,719 $141,670 $162,049
2024 $1,540 $266,945 $147,645 $119,300
2023 $1,614 $266,945 $147,645 $119,300
2022 $1,587 $266,945 $147,645 $119,300
2021 $783 $147,645 $147,645 $0
2020 $783 $147,645 $147,645 $0
2019 $724 $141,903 $141,903 $0
2017 $724 $141,903 $141,903 $0
2016 $724 $141,903 $141,903 $0
2015 $710 $141,903 $141,903 $0
2014 $741 $148,146 $148,146 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100064287

Hive MLS

APN: 8406.04.80.1566000