NOT LISTED FOR SALE

Estimated Value: $6,668,000 - $8,684,745

5 Beds
6 Baths
5,342 Sq Ft
$1,401/Sq Ft Est. Value

Last Sold July 23, 2020

Last sale price $4,000,000 $749 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $39,798/month

406 Days on Market

Highlights

  • Ocean Front
  • Deck
  • Great Room
  • Porters Neck Elementary School Rated A-
  • Wood Flooring
  • Tennis Courts

About This Home

As of July 2020

Stunning oceanfront home located on the north end of Figure Eight. Offering 5 bedrooms, 4 full baths and 2 half baths. The upper level features open living areas, spacious master bedroom, gourmet kitchen with a butler pantry and a wall of oceanfront windows in the dining room. New roof, sliding doors and hardwoods on the top level along with new interior paint. Sold furnished with a few owner exceptions and with a Figure Eight Yacht Club Charter Membership. Outstanding quality and construction by David James. A one of a kind treasure!

Last Agent to Sell the Property

Buzzy Northen

Intracoastal Realty Corp License #274691 Listed on: 05/09/2019

Intracoastal Realty Corp

Last Buyer's Agent

Jo El Skipper

Figure Eight Realty License #215284

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,412

Year Built

  • Built in 2005

Lot Details

  • 0.71 Acre Lot
  • Ocean Front
  • Irrigation
  • Property is zoned R-20S

HOA Fees

  • $432 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Wood Siding
  • Concrete Siding
  • Stick Built Home

Interior Spaces

  • 5,342 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Ceiling height of 9 feet or more
  • Blinds
  • Great Room
  • Family Room
  • Combination Dining and Living Room
  • Wood Flooring
  • Water Views
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Area or Nook
  • Double Convection Oven
  • Gas Cooktop
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-in Shower

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Circular Driveway
  • Off-Street Parking
  • Secure Parking

Accessible Home Design

  • Accessible Ramps

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Deck
  • Open Patio

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Propane
  • Water Softener
  • Fuel Tank
  • On Site Septic
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number R03818-001-015-000

Community Details

Overview

  • Figure Eight Island Subdivision

Recreation

  • Tennis Courts
  • Community Playground

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,412

Year Built

Built in 2005

Lot Details

0

HOA Fees

$432 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Concrete, Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: 3 Story or More
  • Year Built: 2005
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Stairs - Pull Down
  • Dining Room Type: Combination, Kitchen
  • Fireplace: None
  • Flooring: Wood
  • Heated Sq Ft: 5000 - 5499
  • Interior Amenities: 9Ft+ Ceilings, Pantry, Walk-in Shower, Smoke Detectors, Security System, Reverse Floor Plan, Elevator, Blinds/Shades
  • List Price per Sq Ft: 822.73
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bathrooms: 6.00
  • Bedrooms: 5
  • Number Rooms: 12
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Level: First
  • Breakfast Nook Level: Second
  • Dining Room Level: Second
  • Family Room Level: First
  • Great Room Level: Second
  • Living Room Level: First
  • Primary Bedroom Level: Second
  • Other Level: First
  • Sq Ft Heated: 5342.00
  • Total Heated Primary Separate Sq Ft: 5342.00

Exterior Features

  • Exterior Features: Irrigation System, Outdoor Shower
  • Exterior Finish: Wood Siding
  • Fencing: None
  • Foundation: Slab
  • Porch Balcony Deck: Balcony, Open, Deck
  • Road Type Frontage: Maintained, Paved
  • Roof: Architectural Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: Circular, Paved, Security, Off Street

Utilities

  • Appliances Equipment: Convection Oven, Vent Hood, Water Softener, Refrigerator, Microwave - Built-In, Double Oven, Disposal, Dishwasher, Cooktop - Gas
  • Cooling System: Central, Zoned
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Owned
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Duke Energy
  • Utilities: Septic On Site

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Playground, Sidewalk, Tennis Court(s), Security, Ramp
  • HOAAssociationFee1Year: 5185.00

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 406.00
  • Lot Acres: 0.71
  • Lot Dimensions: irregular
  • Lot Sq Ft: 30941.00
  • Special Assessments: yes
  • Zoning: R-20S

Tax Info

  • Tax Identifier: R03818-001-015-000
  • Tax Year: 2018
  • Total Real Estate Property Taxes: 17412.00

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2019
Closed on
Jul 17, 2020
Sold by
Desmond John P and Gaines Lynn
Bought by
Desmond John P and Desmond Carmen Jean
Seller's Agent
Buzzy Northen
Intracoastal Realty Corp
Buyer's Agent
Jo El Skipper
Figure Eight Realty
List Price
$4,499,500
Sold Price
$4,000,000
Premium/Discount to List
-$499,500
-11.1%
Current Estimated Value
$6,806,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,806,447
Avg. Annual Appreciation
10.17%
Original Mortgage
$3,600,000
Outstanding Balance
$3,229,155
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$3,287,370

Purchase Details

Closed on
Apr 23, 2004
Sold by
Stockton James A Deobrah
Bought by
Gaines John A Lynn

Purchase Details

Closed on
Apr 20, 2004
Sold by
Stockton Jr Ralph M
Bought by
Stover Ellen Stockton

Purchase Details

Closed on
Nov 15, 1994
Sold by
Stockton Jr Ralph M
Bought by
Stockton James A

Purchase Details

Closed on
Jan 26, 1994
Sold by
Stockton Ralph M Jr Frances
Bought by
Sartin Ellen Stockton

Purchase Details

Closed on
Jan 2, 1994
Sold by
Stockton R M Jr Frances B
Bought by
Stockton Ralph M

Purchase Details

Closed on
Jan 10, 1992
Sold by
Stockton Ralph M Jr Frances B
Bought by
Sartin Ellen Stockton

Purchase Details

Closed on
Dec 16, 1991
Sold by
Stockton Ralph M Jr Frances B
Bought by
Stockton James A

Purchase Details

Closed on
Dec 1, 1972
Bought by
Stockton Ralph M
Source: Public Records

Range of Values:

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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
Desmond John P $4,000,000 None Available
Gaines John A Lynn $1,500,000 --
Stockton Ralph M -- --
Stover Ellen Stockton -- --
Stockton James A -- --
Stockton David A -- --
Stockton Ralph M -- --
Sartin Ellen Stockton -- --
Sartin Ellen Stockton -- --
Stockton Ralph M -- --
Stockton David A -- --
Stockton James A -- --
Stockton Ralph M -- --
Sartin Ellen Stockton -- --
Stockton Ralph M -- --
Stockton James A -- --
Stockton David A -- --
Stockton James A -- --
Stockton David A -- --
Stockton Ralph M -- --
Stockton Ellen Stockton Sartin -- --
Sartin Ellen Stockton -- --
Stockton Ralph M -- --
Stockton Ralph M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desmond John P $3,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2020 07/23/20 Sold $4,000,000 -11.1% $749 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
05/09/2019 05/09/19 For Sale $4,499,500 -- $842 / 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
2023 $21,294 $4,061,300 $2,634,600 $1,426,700
2022 $21,312 $4,027,400 $2,634,600 $1,392,800
2021 $21,788 $3,977,400 $2,634,600 $1,342,800
2020 $17,009 $2,689,100 $1,634,100 $1,055,000
2019 $17,009 $2,689,100 $1,634,100 $1,055,000
2018 $0 $2,689,100 $1,634,100 $1,055,000
2017 $17,412 $2,689,100 $1,634,100 $1,055,000
2016 $15,152 $2,186,500 $1,210,400 $976,100
2015 $14,081 $2,186,500 $1,210,400 $976,100
2014 $13,841 $2,186,500 $1,210,400 $976,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100164705

Hive MLS

APN: R03818-001-015-000