NOT LISTED FOR SALE

274 Shannon Dr Unit B Wilmington, NC 28409

Estimated Value: $1,093,000 - $1,923,000

5 Beds
4.5 Baths
3,300 Sq Ft
$650/mo HOA Fee

Last Sold February 24, 2020

Last sale price $1,225,000 $371 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $9,253/month

128 Days on Market

Highlights

  • Marina
  • Ocean View
  • Boat Lift
  • Heyward C. Bellamy Elementary School Rated A-
  • Boat Dock
  • Boat Slip

About This Home

As of February 2020

Magnificent ICW waterfront single family home with rare unobstructed panoramic views of the ocean, sound and waterway with (2) 38' boat slips and 20,000 lb. hydraulic lifts, is a must see! This fully remodeled home at Shannon Pointe offers the security of a gated community while you sit back and enjoy the luxury of maintenance-free living with HOA dues including, landscape, dock maintenance as well as all insurance, including H/O Insurance, flood, general liability and wind & hail. Beautifully designed and finished with exquisite craftsmanship, this home features gourmet kitchen with white quartz counter tops, stainless steel appliances, gas cook top, wine refrigerator and large island for entertaining. Master bedroom is on main living floor which includes a newly remodeled custom bathroom with a gorgeous tiled 2

Last Agent to Sell the Property

Carole Sheffield

BlueCoast Realty Corporation License #282582 Listed on: 07/17/2019

BlueCoast Realty Corporation

Last Buyer's Agent

Duane Burnette

Landmark Sotheby's International Realty License #237546

Landmark Sotheby's International Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2006

Lot Details

  • Waterfront
  • Sprinkler System

HOA Fees

  • $650 Monthly HOA Fees

Property Views

  • Ocean
  • Views of a Sound
  • Intracoastal

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 3,300 Sq Ft Home
  • 3-Story Property
  • Central Vacuum
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Log Fireplace
  • Thermal Windows
  • Shutters
  • Blinds
  • Entrance Foyer
  • Combination Dining and Living Room
  • Attic Access Panel
  • Home Security System

Kitchen

  • Double Convection Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 5 Car Attached Garage
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Boat Lift
  • Boat Slip
  • Deck
  • Covered Patio or Porch

Location

  • Flood Insurance May Be Required

Utilities

  • Central Air
  • Humidifier
  • Heat Pump System
  • Propane
  • Well
  • Electric Water Heater
  • Water Softener
  • Fuel Tank

Listing and Financial Details

  • Assessor Parcel Number R07908-003-002-002

Community Details

Overview

  • Master Insurance
  • Shannon Pointe Subdivision
  • Maintained Community

Recreation

  • Boat Dock
  • Community Boat Slip
  • Marina

Security

  • Gated Community
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 2006

Lot Details

0

HOA Fees

$650 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 3.0
  • Stories Levels: 3 Story or More
  • Year Built: 2006
  • Road Frontage Type: ICW Front
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Attic: Access Only
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: 2
  • Flooring: Carpet, Tile, Wood
  • Heated Sq Ft: 3000 - 3499
  • Interior Amenities: 9Ft+ Ceilings, Reverse Floor Plan, Walk-In Closet, Walk-in Shower, Sprinkler System, Solid Surface, Smoke Detectors, Security System, Elevator, Pantry, Gas Logs, Foyer, Ceiling Fan(s), Ceiling - Vaulted, Ceiling - Trey, Blinds/Shades
  • Laundry Location: Room
  • List Price per Sq Ft: 393.91
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Bedrooms: 5
  • Number Rooms: 9
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Bedroom 5 Level: Second
  • Dining Room Level: Third
  • Kitchen Level: Third
  • Living Room Level: Third
  • Primary Bedroom Level: Third
  • Other Level: Upper
  • Sq Ft Heated: 3300.00
  • Total Heated Primary Separate Sq Ft: 3300.00

Exterior Features

  • Exterior Features: Irrigation System, Thermal Windows, Shutters - Functional, Shutters - Board/Hurricane, Outdoor Shower
  • Exterior Finish: Fiber Cement
  • Fencing: None
  • Foundation: Pilings, Slab
  • Porch Balcony Deck: Covered, Porch, Deck
  • Road Type Frontage: Maintained
  • Roof: Metal
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Attached Garage Spaces: 5.00
  • Total Garage Spaces: 5.00
  • Parking Driveway: Paved

Utilities

  • Appliances Equipment: Central Vac, Vent Hood, Water Softener, Washer, Refrigerator, Humidifier/Dehumidifier, Dryer, Double Oven, Disposal, Dishwasher, Cooktop - Gas, Convection Oven
  • Cooling System: Central
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Owned
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Well Water
  • Water Heater: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Boat Dock, Taxes, Flood Insurance, Master Insure, Marina, Maint - Roads, Maint - Grounds, Maint - Comm Areas, Gated, Boat Slip - Assign
  • HOAAssociationFee1Year: 7800.00

Lot Info

  • Deed Page: 2439.00
  • Lot Water Features: Boat Dock, Water Access Comm, Boat Slip, Boat Lift
  • Special Assessments: Yes paid by seller
  • Zoning: R-15
  • Lot View Type: ICW View, Water View, Sound View, Ocean View

Tax Info

  • Tax Identifier: R07908-003-002-002
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2019
Closed on
Feb 21, 2020
Sold by
Baker Michael and Baker Amanda
Bought by
Laird Thomas M and Laird Carmel Lapa
Seller's Agent
Carole Sheffield
BlueCoast Realty Corporation
Buyer's Agent
Duane Burnette
Landmark Sotheby's International Realty
List Price
$1,299,900
Sold Price
$1,225,000
Premium/Discount to List
-$74,900
-5.76%
Current Estimated Value
$1,571,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,478
Avg. Annual Appreciation
4.52%
Original Mortgage
$980,000
Outstanding Balance
$872,121
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$699,357

Purchase Details

Closed on
Jun 2, 2010
Sold by
Smith Properties Inc
Bought by
Baker Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$716,000
Interest Rate
5.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Laird Thomas M $1,225,000 None Available
Baker Michael $895,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laird Thomas M $980,000
Previous Owner Baker Michael $716,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2020 02/24/20 Sold $1,225,000 -5.8% $371 / Sq Ft
11/22/2019 11/22/19 Pending -- -- --
07/17/2019 07/17/19 For Sale $1,299,900 -- $394 / 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 -- $1,964,000 $0 $1,964,000
2023 $3,247 $1,242,800 $0 $1,242,800
2022 $6,804 $1,242,800 $0 $1,242,800
2021 $6,804 $1,242,800 $0 $1,242,800
2020 $6,228 $984,600 $0 $984,600
2019 $6,228 $984,600 $0 $984,600
2018 $0 $984,600 $0 $984,600
2017 $6,375 $984,600 $0 $984,600
2016 $5,797 $836,500 $0 $836,500
2015 $5,387 $836,500 $0 $836,500
2014 $5,295 $836,500 $0 $836,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100175826

Hive MLS

APN: R07908-003-002-002