NOT LISTED FOR SALE

2616 Acorn Branch Rd Wilmington, NC 28405

Estimated Value: $428,000 - $572,000

7.35 Acres
$68,354 Price per Acre
320,166 Sq Ft Lot

Last Sold May 09, 2012

Last sale price $85,000

Est. 491% increase in value since last sale

Current estimated payment $2,830/month

48 Days on Market

About This Lot

As of May 2012

This tract of over 7 acres of land has almost unlimited potential for the creative buyer. Zoned AR (Airport Residential) you could look to build your own private estate, subdivide it with the property permitting process, or have a long term speculative investment opportunity. It's just minutes to the Wilmington International Airport, Wrightsville Beach, UNCW and all that Wilmington has to offer.

Last Agent to Sell the Property

Erik Hoffacker

RE/MAX Essential License #222617 Listed on: 03/22/2012

RE/MAX Essential

Last Buyer's Agent

Brenda Kelly-Meshaw

Wilkinson & Associates

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,994

Lot Details

  • 7.35 Acre Lot
  • Property is zoned AR

Schools

  • Wrightsboro Elementary School
  • Holly Shelter Middle School
  • New Hanover High School

Utilities

  • Water Not Available
  • Sewer Not Available

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$1,994

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Type Frontage: Paved

Utilities

  • Service Providers Electric Provider: Duke Energy
  • Utilities: No Sewer, No Water

Association/Amenities

  • HOA: No

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 5509
  • Deed Page: 735.00
  • Lot Dimensions: irregular
  • Lot Sq Ft: 320166.00
  • Zoning: AR
  • Acres: 7.35
  • Flood Zone: No
  • List Price per Acre: 13605.44

MLS Schools

  • Elementary School: Wrightsboro
  • High School: New Hanover
  • Middle School: Holly Shelter
  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2013
Sold by
Meshaw Thomas W and Kelly-Meshaw Brenda
Bought by
Meshaw Thomas W and Kelly-Meshaw Brenda
Current Estimated Value
$502,399

Purchase Details

Listed on
Mar 22, 2012
Closed on
May 4, 2012
Sold by
Cape Fear Farm Credit
Bought by
Meshaw Thomas W and Kelly Meshaw Brenda
Seller's Agent
Erik Hoffacker
RE/MAX Essential
Buyer's Agent
Brenda Kelly-Meshaw
Wilkinson & Associates
List Price
$100,000
Sold Price
$85,000
Premium/Discount to List
-$15,000
-15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.14%

Purchase Details

Closed on
Aug 31, 2010
Sold by
Aqua Plantations Llc
Bought by
Cape Fear Farm Credit Aca

Purchase Details

Closed on
Sep 2, 2006
Sold by
Hargraves Annie and Doyle Muriel
Bought by
Aqua Plantations Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,500
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 1, 2001
Bought by
Moore James Hrs

Purchase Details

Closed on
Mar 1, 1985
Sold by
Moore James Hrs
Bought by
Doyle Muriel
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
Meshaw Thomas W -- None Available
Meshaw Thomas W $85,000 None Available
Cape Fear Farm Credit Aca $138,000 None Available
Aqua Plantations Llc $170,000 None Available
Moore James Hrs -- --
Doyle Muriel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aqua Plantations Llc $235,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2012 05/09/12 Sold $85,000 -15.0% --
05/09/2012 05/09/12 Pending -- -- --
03/22/2012 03/22/12 For Sale $100,000 -- --
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 $1,994 $365,200 $63,000 $302,200
2022 $1,994 $365,200 $63,000 $302,200
2021 $2,011 $365,200 $63,000 $302,200
2020 $1,653 $261,300 $45,200 $216,100
2019 $1,653 $261,300 $45,200 $216,100
2018 $0 $261,300 $45,200 $216,100
2017 $1,692 $261,300 $45,200 $216,100
2016 $1,672 $241,300 $45,200 $196,100
2015 $1,554 $241,300 $45,200 $196,100
2014 $1,527 $241,300 $45,200 $196,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 30474460

Hive MLS

APN: R03400-005-019-000