NOT LISTED FOR SALE

271 Beach Rd N Wilmington, NC 28411

Figure 8 Island Neighborhood

Estimated Value: $4,246,000 - $5,879,377

5 Beds
4 Baths
3,286 Sq Ft
$1,523/Sq Ft Est. Value

Sale Details

Date Sold: September 19, 2012

Last sale price $1,400,000 $426 Per Sq Ft

Est. 258% increase in value since last sale

Current estimated payment $28,093 / mo

159 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Boat Slip
  • Deck
  • Porters Neck Elementary School Rated A-
  • Home fronts a creek
  • Wood Flooring

About This Home

As of September 2012

Spectacular home designed by Ligon B Flynn, one of NC's acclaimed architects. The live oaks on the dune greatly influenced the design. The home offes incredible creek and marsh views filled with herons, egrets, and many other water fowl. Beautiful sunsets, great kayaking and canoeing. New peat biofilter septic system for 5 bedrooms. Dock and pier. Figure 8 Island Yacht Club Charter Membership. 24 hour notice to show.

Last Agent to Sell the Property

Lee Crouch

Intracoastal Realty Corporation License #58554 Listed on: 03/08/2012

Intracoastal Realty Corporation

Last Buyer's Agent

Sally Seller

Non Member Office

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1984

Lot Details

  • 15,028 Sq Ft Lot
  • Lot Dimensions are 148x115x187x115
  • Home fronts a creek
  • Property fronts a marsh
  • Property fronts a private road
  • Property is zoned R-20S

HOA Fees

  • $424 Monthly HOA Fees

Home Design

  • Shingle Roof
  • Piling Construction

Interior Spaces

  • 3,286 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Family Room
  • Combination Dining and Living Room
  • Bonus Room

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Attached Carport Space
  • Off-Street Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Boat Slip
  • Deck

Schools

  • Blair Elementary School

Utilities

  • Forced Air Heating and Cooling System
  • Water Rights

Community Details

  • Figure Eight Island Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 318913.24.1905.000

Home Details

Home Type

Single Family

Year Built

Built in 1984

Lot Details

0.34 Acres

HOA Fees

$424 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1984
  • Property Sub Type: Single Family Residence
  • Appliances: Washer, Refrigerator, Dryer, Disposal, Dishwasher
  • Home Warranty: Yes
  • Original List Price: 1599000.00
  • Unit Levels: Two
  • Living Area: 3286.00
  • Is New Construction?: No
  • Island Or Mainland: Island
  • List Price Per Sqft: 486.61
  • Special Features: VirtualTour

Interior Features

  • Basement: None
  • Dining Room Type: Combination
  • Flooring: Carpet, Tile, Wood
  • Master Bedroom Level: Non Primary Living Area
  • Stories: 2
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Total Bedrooms: 10
  • Room Types: Dining Room, Living Room, Dining Area, Master Bedroom, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bonus Room, Family Room
  • Window Features: Thermal Windows
  • Bathrooms Total Source: Computed
  • Bathrooms Total Notational: 4.00
  • Living Area Range: 3000 - 3499

Exterior Features

  • Roof: Shingle
  • Road Frontage Type: Creek, Marsh Front
  • Pool Features: None
  • Road Frontage Type: Private Road, Paved
  • Road Surface Type: Paved
  • Waterfront Features: Deeded Water Rights, Second Row
  • Waterfront?: Yes
  • Foundation Details: Other, Pilings
  • Patio And Porch Features: Deck
  • Pool Spa Features: None

Garage/Parking

  • Has Attached Garage?: No
  • Carport Spaces: 1.00
  • Parking Features: Carport, Off Street, On Site
  • Attached Carport Spaces: 1.00

Utilities

  • Utilities: Water Available
  • Heating System Fuel Source: Electric
  • Water Source: Community Water
  • Cooling: Central Air
  • Has Cooling?: Yes
  • Heating: Electric, Forced Air
  • Heating Yn: Yes
  • Sewer Provider: Septic Tank, Existing Septic System
  • Electric Provider: Duke Energy
  • Water Provider: City/Town

Condo/Co-op/Association

  • Association Fees: 5085.00
  • Has H O A?: Yes
  • Association Management Company Phone: (910) 686-0635
  • Association Management Company: Figure 8 Beach HOA

Schools

  • Elementary School: Blair
  • Junior High Dist: New Hanover

Lot Info

  • Deed Book: 3201
  • Deed Page: 946.00
  • Zoning: R-20S
  • Lot Features: Boat Slip, Deeded Water Rights, Second Row
  • Lot Size Acres: 0.35
  • Lot Size: 148x115x187x115
  • Lot Size Sq Ft: 15028.00
  • Purchase Contract Date: 2012-08-12
  • Parcel#: 318913.24.1905.000
  • Permitted Use: Public

Tax Info

  • Tax Other Assessment Amount Frequency: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2012
Closed on
Sep 18, 2012
Sold by
Phillips Peter R and Katherine M Phillips Revocable
Bought by
Trsut Phillips Katherine H and Trsut Katherine H Phillips
Seller's Agent
Lee Crouch
Intracoastal Realty Corporation
Buyer's Agent
Sally Seller
Non Member Office
List Price
$1,695,000
Sold Price
$1,400,000
Premium/Discount to List
-$295,000
-17.4%
Current Estimated Value
$5,005,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,605,126
Avg. Annual Appreciation
9.81%

Purchase Details

Closed on
Feb 15, 2002
Sold by
Phillips Katherine M
Bought by
Phillips Katherine M Rev Trust

Purchase Details

Closed on
Oct 1, 1980
Sold by
Albemarle Landholders
Bought by
Phillips Katherine M

Purchase Details

Closed on
Aug 1, 1973
Bought by
Albemarle Landholders
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Trsut Phillips Katherine H $1,400,000 None Available
Phillips Katherine M Rev Trust -- --
Phillips Katherine M $62,000 --
Albemarle Landholders -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2012 09/19/12 Sold $1,400,000 -17.4% $426 / Sq Ft
08/12/2012 08/12/12 Pending -- -- --
03/06/2012 03/06/12 For Sale $1,695,000 -- $516 / Sq Ft
Source: Hive MLS

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 $15,775 $4,148,300 $2,700,000 $1,448,300
2023 $11,298 $2,129,000 $1,705,500 $423,500
2022 $11,298 $2,129,000 $1,705,500 $423,500
2021 $0 $2,129,000 $1,705,500 $423,500
2020 $9,961 $1,574,900 $1,005,000 $569,900
2019 $9,961 $1,574,900 $1,005,000 $569,900
2018 $9,961 $1,574,900 $1,005,000 $569,900
2017 $9,851 $1,521,400 $1,005,000 $516,400
2016 $10,586 $1,527,600 $1,196,400 $331,200
2015 $9,838 $1,527,600 $1,196,400 $331,200
2014 $9,670 $1,527,600 $1,196,400 $331,200
Source: Public Records

Agents Affiliated with this Home

  • Lee Crouch

    Seller's Agent in 2012

    Lee Crouch

    Intracoastal Realty Corporation

    (910) 256-4503

    107 Total Sales

    Lee Crouch
    Section Image

  • S

    Buyer's Agent in 2012

    Sally Seller

    Non Member Office

  • A

    Buyer's Agent in 2012

    A Non Member

    Berkshire Hathaway HomeServices Carolina Premier Properties

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Map

Source: Hive MLS

MLS Number: 30473840

Hive MLS

APN: R03818-002-008-000

North Carolina New Hanover County Wilmington 28411 Figure 8 Island

271 Beach Rd N, Wilmington, NC

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