NOT LISTED FOR SALE

303 Cabbage Inlet Ln Wilmington, NC 28409

Masonboro Neighborhood

Estimated Value: $1,679,000 - $3,120,850

1.78 Acres
$1,318,799 Price per Acre
77,537 Sq Ft Lot

Last Sold April 02, 2014

Last sale price $575,000

Est. 308% increase in value since last sale

Current estimated payment $14,100/month

350 Days on Market

Highlights

  • 112 Feet of Waterfront
  • Boat Slip
  • 1.78 Acre Lot
  • Masonboro Elementary School Rated A

About This Lot

As of April 2014

Located off Masonboro Sound Road lies the quiet waterfront neighborhood of Oyster Bay/Cabbage Inlet. This 1.78 acre homesite offers high elevation with spectacular views of the Intracoastal Waterway, Masonboro Island and the Atlantic Ocean. A 35' boat slip provides the perfect mooring spot for easy access to the protected Masonboro Inlet or a quick jaunt to unspoiled Masonboro Island. The gently sloping topography and stately oak provides a spacious setting for building the home of your dreams.

Last Agent to Sell the Property

Vance Young

Intracoastal Realty Corp License #245851 Listed on: 04/15/2013

Intracoastal Realty Corp

Last Buyer's Agent

Lisa Sledzik

RE/MAX Essential License #217714

RE/MAX Essential

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,212

Lot Details

  • 1.78 Acre Lot
  • 112 Feet of Waterfront
  • Property is zoned R-15

HOA Fees

  • $125 Monthly HOA Fees

Property Views

  • Water Views

Schools

  • Masonboro Elementary School
  • Roland Grise Middle School
  • Hoggard High School

Listing and Financial Details

  • Tax Lot 1N
  • Assessor Parcel Number 11314519612304000

Community Details

Overview

  • Cabbage Inlet HOA
  • Windchase Subdivision

Recreation

  • Boat Slip

Property Details

Property Type

Land

Est. Annual Taxes

$14,212

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Special Features: 12
  • Property Sub Type: LotsLands

Exterior Features

  • Road Type Frontage: Paved
  • Waterfront: Yes
  • Waterview: Yes
  • Total Road Frontage: 95
  • Water Frontage: 112.00

Utilities

  • Service Providers Electric Provider: Duke Energy
  • Service Providers Water Provider: City/Town
  • Utilities: Community Water

Association/Amenities

  • HOA: Yes
  • Annual HOA: 1500.00
  • HOA Company: Cabbage Inlet

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 5505
  • Deed Page: 226.00
  • Lot Dimensions: Irregular
  • Lot Number: 1N
  • Lot Sq Ft: 77537.00
  • Lot Water Features: Boat Slip
  • Zoning: R-15
  • Acres: 1.78
  • Environmental Hazard: Unknown
  • Flood Zone: No
  • List Price per Acre: 353370.79
  • Lot Number2: 1N

Tax Info

  • Tax Identifier: 11314519612304000

MLS Schools

  • Elementary School: Masonboro
  • High School: Hoggard
  • Middle School: Roland Grise
  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2013
Closed on
Apr 3, 2014
Sold by
Morris Russell Mark and Beecher Diane Sue
Bought by
Hall Lance S and Hall Lynn M
Seller's Agent
Vance Young
Intracoastal Realty Corp
Buyer's Agent
Lisa Sledzik
RE/MAX Essential
List Price
$895,000
Sold Price
$575,000
Premium/Discount to List
-$320,000
-35.75%
Current Estimated Value
$2,347,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,772,463
Avg. Annual Appreciation
13.51%

Purchase Details

Closed on
Apr 11, 2006
Sold by
Psp Enterprises Llc
Bought by
Morris Russell Mark and Beecher Diane Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 20, 2004
Sold by
Psp Enterprises Llc
Bought by
Windchase North Hoa
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
Hall Lance S $575,000 None Available
Morris Russell Mark $1,100,000 None Available
Windchase North Hoa $900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall Lance S $831,000
Closed Hall Lance S $249,000
Closed Hall Lance S $850,900
Closed Hall Lance S $249,000
Closed Hall Lance S $999,999
Previous Owner Morris Russell M $998,000
Previous Owner Morris Russell Mark $990,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2014 04/02/14 Sold $575,000 -35.8% --
03/31/2014 03/31/14 Pending -- -- --
04/15/2013 04/15/13 For Sale $895,000 -- --
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
2024 $14,212 $1,633,600 $906,900 $726,700
2023 $13,804 $1,633,600 $906,900 $726,700
2022 $13,886 $1,633,600 $906,900 $726,700
2021 $13,980 $1,633,600 $906,900 $726,700
2020 $14,305 $1,358,000 $742,700 $615,300
2019 $14,305 $1,358,000 $742,700 $615,300
2018 $14,305 $1,358,000 $742,700 $615,300
2017 $14,305 $1,358,000 $742,700 $615,300
2016 $12,037 $1,086,400 $506,400 $580,000
2015 $8,570 $809,300 $506,400 $302,900
2014 $5,135 $506,400 $506,400 $0
Source: Public Records

Agents Affiliated with this Home

  • Vance Young

    Seller's Agent in 2014

    Vance Young

    Intracoastal Realty Corp

    (910) 232-8850

    9 in this area

    897 Total Sales

    Section Image

  • L

    Buyer's Agent in 2014

    Lisa Sledzik

    RE/MAX

    (910) 538-9190

    9 Total Sales

    Section Image
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Map

Source: Hive MLS

MLS Number: 30489762

Hive MLS

APN: R07200-005-020-000

North Carolina New Hanover County Wilmington 28409 Masonboro

303 Cabbage Inlet Ln, Wilmington, NC

This home is located at 303 Cabbage Inlet Ln, Wilmington, NC 28409 since 15 April 2013 and is currently estimated at $2,347,463. 303 Cabbage Inlet Ln is a home located in New Hanover County with nearby schools including Masonboro Elementary School, Roland-Grise Middle School, and John T. Hoggard High School.

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Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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