NOT LISTED FOR SALE

Estimated Value: $6,526,628 - $6,801,000

4 Beds
4.5 Baths
4,092 Sq Ft
$1,629/Sq Ft Est. Value

Last Sold October 11, 2018

Last sale price $3,475,000 $849 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $42,528/month

114 Days on Market

Highlights

  • Ocean Front
  • Intracoastal View
  • Ocean Side of Freeway
  • Porters Neck Elementary School Rated A-
  • Spa
  • Gated Community

About This Home

As of October 2018

Classic coastal beach cottage located on pristine, private Figure Eight Island. This beautiful and unique home features many upscale amenities including Cape Fear River recovered wood floors, beautiful paneled walls with 4 bedrooms and 4.5 baths with panoramic views of the ocean. Very desirable location this home was updated and redecorated in 2016 to include new washer/dryer, hot water tank, furnishings, SONO sound system, security system, kitchen counter tops beach walk, golf cart and ping pong table and so much more. Ipe decks both covered and uncovered, hot tub and additional heated/cooled space and full bath not included in square footage located on ground floor. Sold furnished with some exclusions. This is one that you do not want to miss.

Last Agent to Sell the Property

Jo El Skipper

Figure Eight Realty License #215284 Listed on: 04/17/2018

Co-Listed By

Kirra Sutton

Figure Eight Realty License #216149

Last Buyer's Agent

Wade Wilson

Coldwell Banker Sea Coast Advantage-Midtown License #253396

Coldwell Banker Sea Coast Advantage-Midtown

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 0.77 Acre Lot
  • Lot Dimensions are 102x262x100x287
  • Property fronts a marsh
  • Ocean Front
  • Property fronts a private road
  • Sprinkler System
  • Property is zoned R-20S

HOA Fees

  • $432 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Shake Roof
  • Wood Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 4,092 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Thermal Windows
  • Mud Room
  • Combination Dining and Living Room
  • Wood Flooring
  • Intracoastal Views

Kitchen

  • Gas Cooktop
  • Down Draft Cooktop
  • Built-In Microwave
  • Ice Maker
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Parking

  • 1 Car Attached Garage
  • 1 Attached Carport Space

Pool

  • Outdoor Shower
  • Spa

Outdoor Features

  • Ocean Side of Freeway
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Gas Grill

Utilities

  • Central Air
  • Heat Pump System
  • Propane
  • Fuel Tank
  • On Site Septic
  • Septic Tank

Additional Features

  • Accessible Ramps
  • Energy-Efficient Doors

Listing and Financial Details

  • Assessor Parcel Number R03814-001-005-000

Community Details

Overview

  • Figure Eight Island Subdivision
  • Maintained Community

Recreation

  • Tennis Courts
  • Trails

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

HOA Fees

$432 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 2007
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: 1
  • Flooring: Wood
  • Heated Sq Ft: 4000 - 4499
  • Interior Amenities: Ceiling Fan(s), Pantry, Wet Bar, Sprinkler System, Solid Surface, Security System, Furnished, Mud Room, Intercom/Music, Hot Tub, Gas Logs
  • Laundry Location: Room
  • List Price per Sq Ft: 971.41
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Bedrooms: 4
  • Number Rooms: 9
  • Additional Living Spaces with Separate Entrance Description: Bedroom with bath
  • Sq Ft Heated: 4092.00
  • Total Heated Primary Separate Sq Ft: 4092.00

Exterior Features

  • Exterior Features: Gas Grill, Outdoor Shower, Thermal Windows, Thermal Doors, Irrigation System, Gas Logs
  • Exterior Finish: Wood Siding
  • Fencing: None
  • Foundation: Pilings
  • On Site Pool Spa: Hot Tub
  • Porch Balcony Deck: Balcony, Open, Covered, Deck
  • Road Type Frontage: Private
  • Roof: Shake
  • Waterfront: Yes

Garage/Parking

  • Attached Carport Spaces: 1.00
  • Attached Garage Spaces: 1.00
  • Total Carport Spaces: 1.00
  • Total Garage Spaces: 1.00
  • Parking Driveway: On Site

Utilities

  • Appliances Equipment: Cooktop - Gas, Refrigerator, Washer, Microwave - Built-In, Ice Maker, Dryer, Downdraft, Disposal
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: Propane Buried
  • Fuel Tank Ownership: Owned
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Duke Progress Energy
  • Utilities: Septic On Site
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Gated, Tennis Court(s), Trash, Trail(s), Maint - Comm Areas, Security, Ramp, Maint - Roads
  • HOAAssociationFee1Year: 5185.00

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 2564.00
  • Lot Acres: 0.77
  • Lot Dimensions: 102x262x100x287
  • Lot Sq Ft: 33737.00
  • Lot Water Features: Ocean Side
  • Plat Book: 13
  • Plat Page: 50
  • Special Assessments: Masons Inlet
  • Zoning: R-20S
  • Lot View Type: ICW View, Marsh View

Tax Info

  • Tax Identifier: R03814-001-005-000
  • Tax Year: 2017

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2018
Closed on
Oct 4, 2018
Sold by
West D Alba Gregory Russell and Alba Jennifer West D
Bought by
Tucker G Vance and Tucker Marcy S
Seller's Agent
Jo El Skipper
Figure Eight Realty
Buyer's Agent
Wade Wilson
Coldwell Banker Sea Coast Advantage-Midtown
List Price
$4,299,000
Sold Price
$3,475,000
Premium/Discount to List
-$824,000
-19.17%
Current Estimated Value
$6,527,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,052,678
Avg. Annual Appreciation
9.56%
Original Mortgage
$750,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 19, 2014
Closed on
Dec 2, 2015
Sold by
310 Beach Holdings Llc
Bought by
West D Alba Gregory Russell and Alba Jennifer West D
Seller's Agent
Keith Saieed
K Sade Realty, LLC
Buyer's Agent
Barbara Katlen
BlueCoast Realty Corporation
List Price
$3,450,000
Sold Price
$2,900,000
Premium/Discount to List
-$550,000
-15.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.58%

Purchase Details

Closed on
Aug 19, 2014
Sold by
Intuitus Advisors Llc
Bought by
310 Beach Holdings Llc

Purchase Details

Closed on
Jul 8, 2013
Sold by
Lane Virgil Wilton
Bought by
Intuitus Advisors Llc

Purchase Details

Closed on
Dec 15, 2006
Sold by
Nshe Half Moon Llc
Bought by
Southeastern Properties Llc

Purchase Details

Closed on
Jul 4, 2006
Sold by
Duggan Mann Richard Wallace and Duggan Mann Donna
Bought by
Nshe Half Moon Llc

Purchase Details

Closed on
Jun 10, 2003
Sold by
Sherrill Investment Trust
Bought by
Mann Richard W Donna Duggan

Purchase Details

Closed on
Mar 29, 1993
Sold by
Branstrom Jr William J
Bought by
Branstrom William J

Purchase Details

Closed on
Aug 5, 1991
Sold by
Branstrom Wm J Iii Robin R
Bought by
Branstrom William J

Purchase Details

Closed on
Jun 14, 1985
Sold by
Rose Ira W Virginia F
Bought by
Branstrom William J

Purchase Details

Closed on
Nov 1, 1973
Bought by
Rose Woodall
Source: Public Records

Range of Values:

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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
Tucker G Vance $3,475,000 None Available
West D Alba Gregory Russell $2,900,000 None Available
310 Beach Holdings Llc -- None Available
Intuitus Advisors Llc -- None Available
Southeastern Properties Llc -- None Available
Nshe Half Moon Llc $2,400,000 None Available
Mann Richard W Donna Duggan $1,650,000 --
Sherrill Investment Trust $1,622,000 --
Branstrom William J -- --
Branstrom William J -- --
Branstrom William J -- --
Rose Woodall $69,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tucker G Vance $750,000
Previous Owner Lane Virgil Wilton $4,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2018 10/11/18 Sold $3,475,000 -19.2% $849 / Sq Ft
08/09/2018 08/09/18 Pending -- -- --
04/17/2018 04/17/18 For Sale $4,299,000 +48.2% $1,051 / Sq Ft
12/08/2015 12/08/15 Sold $2,900,000 -15.9% $738 / Sq Ft
11/02/2015 11/02/15 Pending -- -- --
12/19/2014 12/19/14 For Sale $3,450,000 -- $878 / 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 -- $3,696,900 $2,625,000 $1,071,900
2022 $0 $3,696,900 $2,625,000 $1,071,900
2021 $17,019 $3,696,900 $2,625,000 $1,071,900
2020 $17,019 $2,690,800 $1,625,600 $1,065,200
2019 $17,019 $2,690,800 $1,625,600 $1,065,200
2018 $17,019 $2,690,800 $1,625,600 $1,065,200
2017 $17,423 $2,690,800 $1,625,600 $1,065,200
2016 $14,371 $2,073,800 $1,204,200 $869,600
2015 $13,355 $2,073,800 $1,204,200 $869,600
2014 $13,127 $2,073,800 $1,204,200 $869,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100111256

Hive MLS

APN: R03814-001-005-000