NOT LISTED FOR SALE

312 Palmer Way Wilmington, NC 28412

The Cape Neighborhood

Estimated Value: $462,000 - $509,000

3 Beds
2 Baths
1,806 Sq Ft
$267/Sq Ft Est. Value

Last Sold July 25, 2019

Last sale price $274,000 $152 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $2,817/month

35 Days on Market

Highlights

  • Water Views
  • Gated Community
  • Resident Manager or Management On Site
  • Carolina Beach Elementary School Rated A-
  • Covered Patio or Porch
  • Picnic Area

About This Home

As of July 2019

Enter off scenic River Road, into your gated community, and find the best value in Wilmington at 312 Palmer Way. This 3 bed 2 bath home boasts a BRAND NEW ROOF and HVAC and fully remodeled new interior and exterior! Loaded with brand new upgrades throughout the home such as LVP flooring, granite throughout, his and her walk in master closets, stainless steel appliances, and many more! Over 400 square feet of decking provides the perfect private entertainment space that overlooks your own natural oasis and fully irrigated mature landscaping.Don't miss this opportunity!

Last Agent to Sell the Property

Joe Hanselmann

Coastal ERA Listed on: 05/30/2019

Last Buyer's Agent

Team Archer

Spot Real Estate, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,532

Year Built

  • Built in 1992

Lot Details

  • 0.26 Acre Lot
  • Irrigation
  • Property is zoned R-15

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 1,806 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Water Views
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number R08410-001-058-000

Community Details

Overview

  • The Cape Subdivision
  • Maintained Community

Amenities

  • Picnic Area

Security

  • Resident Manager or Management On Site
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,532

Year Built

Built in 1992

Lot Details

0

HOA Fees

$50 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: 1.0
  • Stories Levels: One
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Heated Sq Ft: 1800 - 1999
  • Interior Amenities: 1st Floor Master
  • List Price per Sq Ft: 146.73
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Number Rooms: 7
  • Sq Ft Heated: 1806.00
  • Total Heated Primary Separate Sq Ft: 1806.00

Exterior Features

  • Exterior Features: Irrigation System
  • Exterior Finish: Wood Siding
  • Fencing: None
  • Foundation: Crawl Space
  • Porch Balcony Deck: Covered
  • Road Type Frontage: Paved
  • Roof: Shingle
  • Waterfront: No
  • Waterview: Yes

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: Paved

Utilities

  • Cooling System: Central
  • Federal Flood Ins Avlbl: No
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Community Sewer, Community Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Gated, Taxes, Street Lights, Picnic Area, Management, Maint - Roads, Maint - Comm Areas
  • HOAAssociationFee1Year: 600.00

Lot Info

  • Deed Page: 2323.00
  • Lot Acres: 0.26
  • Lot Dimensions: Irregular
  • Lot Number: 8
  • Lot Sq Ft: 11326.00
  • Plat Book: 3267
  • Plat Page: 782
  • Zoning: R-15
  • Lot View Type: Water View

Tax Info

  • Tax Identifier: R08410-001-058-000
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2019
Closed on
Jul 22, 2019
Sold by
Rich Melburn B and Rich Lauren S
Bought by
Kadala Neil P S and Shucavage Samantha E
Seller's Agent
Joe Hanselmann
Coastal ERA
Buyer's Agent
Team Archer
Spot Real Estate, LLC
List Price
$279,999
Sold Price
$274,000
Premium/Discount to List
-$5,999
-2.14%
Current Estimated Value
$481,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,847
Avg. Annual Appreciation
8.75%
Original Mortgage
$260,300
Outstanding Balance
$230,953
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$224,649

Purchase Details

Listed on
Feb 28, 2019
Closed on
Apr 11, 2019
Sold by
Lisa Samantha Dawn and Dilorio Jared
Bought by
Rich Melburn B and Rich Lauren S
Seller's Agent
Ann Konetes
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Joe Hanselmann
Fathom Realty NC LLC
List Price
$130,000
Sold Price
$135,000
Premium/Discount to List
$5,000
3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1152.90%
Original Mortgage
$108,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 16, 2003
Sold by
Williams Donald P Cynthia
Bought by
Lamana Gwendolyn

Purchase Details

Closed on
Apr 15, 2002
Sold by
Cunneen William J H Jeanne
Bought by
Williams Donald P Cynthia

Purchase Details

Closed on
Oct 23, 1992
Sold by
Fairways Development Group Inc
Bought by
Cunneen William J H Jeanne

Purchase Details

Closed on
Feb 20, 1992
Sold by
Heritage Federal Sav/Loan
Bought by
Fairways Development Group Inc
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
Kadala Neil P S $274,000 None Available
Rich Melburn B $135,000 None Available
Lamana Gwendolyn $167,000 --
Williams Donald P Cynthia $165,000 --
Cunneen William J H Jeanne $125,000 --
Fairways Development Group Inc $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kadala Neil P S $260,300
Previous Owner Rich Melburn B $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2019 07/25/19 Sold $274,000 -2.1% $152 / Sq Ft
07/04/2019 07/04/19 Pending -- -- --
05/30/2019 05/30/19 For Sale $279,999 +107.4% $155 / Sq Ft
04/12/2019 04/12/19 Sold $135,000 +3.8% $75 / Sq Ft
03/01/2019 03/01/19 Pending -- -- --
02/28/2019 02/28/19 For Sale $130,000 -- $72 / 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 $1,532 $279,100 $90,500 $188,600
2022 $1,540 $279,100 $90,500 $188,600
2021 $1,540 $279,100 $90,500 $188,600
2020 $1,335 $211,000 $42,600 $168,400
2019 $1,335 $211,000 $42,600 $168,400
2018 $835 $211,000 $42,600 $168,400
2017 $1,366 $211,000 $42,600 $168,400
2016 $1,270 $183,300 $42,600 $140,700
2015 $1,180 $183,300 $42,600 $140,700
2014 $1,160 $183,300 $42,600 $140,700
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Ann Konetes

    Coldwell Banker Sea Coast Advantage

  • J

    Seller's Agent in 2019

    Joe Hanselmann

    Coastal ERA

  • J

    Buyer's Agent in 2019

    Joseph Hanselmann

    Wilkinson ERA Real Estate

  • T

    Buyer's Agent in 2019

    Team Archer

    Spot Real Estate, LLC

See All Agents

Map

Source: Hive MLS

MLS Number: 100168060

Hive MLS

APN: R08410-001-058-000

North Carolina New Hanover County Wilmington 28412 The Cape

312 Palmer Way, Wilmington, NC

This home is located at 312 Palmer Way, Wilmington, NC 28412 since 30 May 2019 and is currently estimated at $481,967, approximately $266 per square foot. This property was built in 1992. 312 Palmer Way is a home located in New Hanover County with nearby schools including Carolina Beach Elementary School, Charles P. Murray Middle School, and Eugene Ashley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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