$135,000
SOLD APR 12, 2019

312 Palmer Way Wilmington, NC 28412

The Cape Neighborhood
3 Beds
2 Baths
1,810 Sq Ft
0.26 Acres

Recently Sold

$75 Per Sq Ft

4% Above List Price

1 Day on Market

Highlights

  • Golf Course Community
  • Pond View
  • Covered Patio or Porch
  • Carolina Beach Elementary School Rated A-
  • Clubhouse
  • Central Air

About This Home

As of July 2019

Great investment opportunity in this golf community, house is being sold as is no repairs to be made. Perfect flipper home.

Last Agent to Sell the Property

Ann Konetes

Coldwell Banker Sea Coast Advantage Listed on: 02/28/2019

Last Buyer's Agent

Joe Hanselmann

Fathom Realty NC LLC License #206299

Fathom Realty NC LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,335

Year Built

  • Built in 1992

Lot Details

  • 0.26 Acre Lot
  • Property fronts a private road
  • Property is zoned R-15

HOA Fees

  • $248 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,810 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Pond Views
  • Crawl Space
  • Storm Doors

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Community Sewer or Septic

Listing and Financial Details

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

Community Details

Overview

  • The Cape Subdivision

Amenities

  • Clubhouse

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,335

Year Built

Built in 1992

Lot Details

0

HOA Fees

$248 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, None, Ceiling Fan(s)
  • List Price per Sq Ft: 71.82
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Number Rooms: 7
  • Sq Ft Heated: 1810.00
  • Total Heated Primary Separate Sq Ft: 1810.00

Exterior Features

  • Exterior Features: Storm Doors
  • Exterior Finish: Vinyl Siding
  • Fencing: None
  • Foundation: Crawl Space
  • Porch Balcony Deck: Covered, Porch
  • Road Type Frontage: Private
  • Roof: Architectural Shingle
  • Waterfront: No
  • Waterview: Yes

Garage/Parking

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

Utilities

  • Appliances Equipment: Dishwasher, Washer, Stove/Oven - Electric, Refrigerator, Microwave - Built-In, Dryer, Disposal
  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Duke Energy
  • Utilities: Community Sewer, Community Water
  • Water Heater: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Clubhouse, Golf Course
  • HOAAssociationFee1Year: 2970.00

Lot Info

  • Deed Page: 3894.00
  • Lot Acres: 0.26
  • Lot Dimensions: irregular
  • Lot Number: 8
  • Lot Sq Ft: 11326.00
  • Zoning: R-15
  • Lot View Type: Pond View, Water View

Tax Info

  • Tax Identifier: R08410-001-058-000
  • Tax Year: 2018
  • Total Real Estate Property Taxes: 1335.00

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
$481,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,967
Avg. Annual Appreciation
8.68%
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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $274,000 None Available
Warranty Deed $135,000 None Available
Deed $167,000 --
Deed $165,000 --
Deed $125,000 --
Deed $200,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $260,300 New Conventional
Previous Owner $108,000 Adjustable Rate Mortgage/ARM
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: 100152772

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 and is currently priced at $135,000, approximately $74 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.

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