NOT LISTED FOR SALE

Estimated Value: $5,231,000 - $6,526,456

5 Beds
3 Baths
3,008 Sq Ft
$1,992/Sq Ft Est. Value

Last Sold May 10, 2013

Last sale price $1,100,000 $366 Per Sq Ft

Est. 445% increase in value since last sale

Current estimated payment $33,508/month

61 Days on Market

Highlights

  • Ocean Front
  • Clubhouse
  • Resident Manager or Management On Site
  • Porters Neck Elementary School Rated A-
  • Community Pool
  • Forced Air Heating and Cooling System

About This Home

As of May 2013

***Highest and Best offers Must be Received via Email or in our office by 5pm Friday February 22nd. No offers will be accepted after this time.*** Absolutely Gorgeous Oceanfront 5 Bedroom Home Located on Figure 8 Island!!! Amazing Views of the Ocean as well as Water Views off of the Front Porch and from the Kitchen! This Home also features a 1 Car Attached Garage, 3 Full Baths, and much much more! At this Value this home will certainly not last long! 2. Seller Addendum and Checklist Required with all offers.

Last Agent to Sell the Property

David Cummings

Coldwell Banker Sea Coast Advantage Listed on: 01/17/2013

Last Buyer's Agent

Judy Parlatore

Figure Eight Realty License #35502

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,319

Year Built

  • Built in 1968

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 75x250
  • Ocean Front
  • Property is zoned R-20S

HOA Fees

  • $424 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Shingle Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 3,008 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Combination Dining and Living Room
  • Water Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Community Details

Overview

  • Figure Eight Island Subdivision
  • Maintained Community

Recreation

  • Community Pool

Additional Features

  • Clubhouse
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,319

Year Built

Built in 1968

Lot Details

0

HOA Fees

$424 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 1968
  • Road Frontage Type: Ocean Front
  • Special Features: 1028
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Heated Sq Ft: 3000 - 3499
  • List Price per Sq Ft: 332.41
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedrooms: 5
  • Number Rooms: 9
  • Bedroom 4 Level: Second
  • Family Room Level: Second
  • Primary Bedroom Level: Second
  • Sq Ft Heated: 3008.00
  • Total Heated Primary Separate Sq Ft: 3008.00

Exterior Features

  • Foundation: Pilings
  • Road Type Frontage: Paved
  • Roof: Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Attached Garage Spaces: 1.00
  • Total Garage Spaces: 1.00

Utilities

  • Cooling System: Central
  • Heating System: Forced Air
  • Service Providers Water Provider: City/Town
  • Utilities: Community Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Clubhouse, Maint - Comm Areas, Management, Community Pool
  • HOAAssociationFee1Year: 5088.00

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 819.00
  • Lot Acres: 0.09
  • Lot Dimensions: 75x250
  • Lot Sq Ft: 3920.00
  • Zoning: R-20S

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2013
Closed on
May 1, 2013
Sold by
Jp Morgan Chase Bank
Bought by
Cusack Deidre E and Cusack Francis J
Seller's Agent
David Cummings
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Judy Parlatore
Figure Eight Realty
List Price
$999,900
Sold Price
$1,100,000
Premium/Discount to List
$100,100
10.01%
Current Estimated Value
$5,991,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,891,485
Avg. Annual Appreciation
14.42%
Original Mortgage
$660,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2012
Sold by
Pine Valley I Llc
Bought by
Jpmorgan Chase Bank Na

Purchase Details

Closed on
Sep 2, 2010
Sold by
Clark Dougald Neill and Clark Leslie B
Bought by
Pine Valley 1 Llc

Purchase Details

Closed on
Jul 21, 2006
Sold by
Bpip Llc
Bought by
Clark Dougald Neill and Clark Leslie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.68%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 1, 2005
Sold by
Smith Constance Covington
Bought by
Smith Charles W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,365,000
Interest Rate
5.8%
Mortgage Type
Unknown

Purchase Details

Closed on
May 17, 2004
Sold by
Parsons David L Carolyn H
Bought by
Smith Charles W Iii Constance

Purchase Details

Closed on
May 20, 1994
Sold by
Butler James P Marie T
Bought by
Parsons David L Carolyn H

Purchase Details

Closed on
Sep 1, 1966
Bought by
Butler James P Marie T
Source: Public Records

Range of Values:

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Average Value
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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
Cusack Deidre E $1,100,000 None Available
Jpmorgan Chase Bank Na $1,005,000 --
Pine Valley 1 Llc -- None Available
Clark Dougald Neill $2,550,000 None Available
Bpip Llc -- None Available
Smith Charles W -- None Available
Smith Charles W Iii Constance $1,025,000 --
Parsons David L Carolyn H $440,000 --
Butler James P Marie T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cusack Deidre E $660,000
Previous Owner Bpip Llc $500,000
Previous Owner Clark Dougald Neill $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2013 05/10/13 Sold $1,100,000 +10.0% $366 / Sq Ft
03/19/2013 03/19/13 Pending -- -- --
01/17/2013 01/17/13 For Sale $999,900 -- $332 / 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
2024 $17,319 $3,300,500 $2,452,400 $848,100
2023 $17,313 $3,300,500 $2,452,400 $848,100
2022 $17,478 $3,300,500 $2,452,400 $848,100
2021 $18,082 $3,300,500 $2,452,400 $848,100
2020 $11,610 $1,835,600 $1,356,800 $478,800
2019 $9,646 $1,624,600 $1,356,800 $267,800
2018 $10,276 $1,624,600 $1,356,800 $267,800
2017 $10,519 $1,624,600 $1,356,800 $267,800
2016 $9,554 $1,378,600 $1,005,000 $373,600
2015 $8,878 $1,378,600 $1,005,000 $373,600
2014 $8,708 $1,375,700 $1,005,000 $370,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 30485838

Hive MLS

APN: R04613-002-003-000