NOT LISTED FOR SALE

Estimated Value: $4,218,840 - $5,742,000

4 Beds
3 Baths
2,835 Sq Ft
$1,680/Sq Ft Est. Value

Last Sold July 11, 2024

Last sale price $4,100,000 $1,446 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $26,961/month

126 Days on Market

Highlights

  • Ocean Front
  • Water Access
  • Gated Community
  • Porters Neck Elementary School Rated A-
  • Ocean Side of Freeway
  • Deck

About This Home

As of July 2024

Wonderful ocean front home situated on a highly sought after center island lot location. Enjoy tranquil ocean views from the open living, dining and kitchen areas. 4 bedroom and 3 baths are located off of the main living area. The top floor features a large loft space with views of the ocean and a roof top sound side deck to take in sunsets over the sound and ICWW. Conveniently located near the tennis/pickle ball courts and boat ramp. Sold fully furnished. Excellent rental history. Figure Eight Yacht Club Warrant included. Excellent lot for those interested in building their dream home on Figure Eight Island...see MLS listing #100425189

Last Agent to Sell the Property

Jo El Skipper

Figure Eight Realty License #215284 Listed on: 02/01/2024

Last Buyer's Agent

Kirra Sutton

Figure Eight Realty License #216149

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,980

Year Built

  • Built in 1985

Lot Details

  • 0.46 Acre Lot
  • Ocean Front
  • Property fronts a private road
  • Irrigation
  • Property is zoned R-20S

HOA Fees

  • $558 Monthly HOA Fees

Parking

  • Driveway

Property Views

  • Ocean
  • Views of a Sound
  • Intracoastal

Home Design

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

Interior Spaces

  • 2,835 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Partially Finished Attic
  • Fire and Smoke Detector

Kitchen

  • Electric Cooktop
  • Built-In Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Bamboo
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Accessible Ramps

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Ocean Side of Freeway
  • Deck

Utilities

  • Heat Pump System
  • Electric Water Heater
  • On Site Septic
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number R04613-002-006-000

Community Details

Overview

  • Figure Eight Island HOA, Phone Number (910) 686-0635
  • Figure Eight Island Subdivision
  • Maintained Community

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Jogging Path

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,980

Year Built

Built in 1985

Lot Details

0

HOA Fees

$558 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: 3.0
  • Stories Levels: 3 Story or More
  • Year Built: 1985
  • Trash Collection: Other
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Floored - Partial
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Bamboo, Carpet
  • Heated Sq Ft: 2800 - 2999
  • Interior Amenities: Blinds/Shades, Ceiling Fan(s), Furnished, Pantry, Smoke Detectors, Solid Surface, Walk-In Closet
  • List Price per Sq Ft: 1587.30
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedrooms: 4
  • Number Rooms: 8
  • Sq Ft Heated: 2835.00
  • Total Heated Primary Separate Sq Ft: 2835.00

Exterior Features

  • Exterior Features: Irrigation System, Outdoor Shower
  • Exterior Finish: Wood Siding
  • Fencing: None
  • Foundation: Pilings
  • Porch Balcony Deck: Deck
  • Road Type Frontage: Private
  • Roof: Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Concrete

Utilities

  • Appliances Equipment: Cooktop - Electric, Dishwasher, Disposal, Dryer, Microwave - Built-In, Refrigerator, Washer
  • Cooling System: Heat Pump
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Community Water, Septic On Site
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Gated, Jogging Path, Maint - Comm Areas, Pickleball, Ramp, Tennis Court(s), Trash
  • HOAAssociationFee1Year: 6690.00
  • HOAAssociationName: Figure Eight Island HOA
  • HOAAssociationPhone: 9106860635

Lot Info

  • Deed Page: 1313.00
  • Lot Acres: 0.46
  • Lot Dimensions: 75x250x75x250 per plat
  • Lot Sq Ft: 20038.00
  • Lot Water Features: Ocean Side, Water Access Comm
  • Plat Book: 5873
  • Plat Page: 1313
  • Special Assessments: Mason's Inlet Maintenance
  • Zoning: R-20S
  • Lot View Type: ICW View, Ocean View, Sound View

Tax Info

  • Tax Identifier: R04613-002-006-000
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Jul 8, 2024
Sold by
Charles E Peters Jr Revocable Trust and Rebecca W Peters Revocable Trust
Bought by
Cheatwood David L and Cheatwood Julia H
Seller's Agent
Jo El Skipper
Figure Eight Realty
Buyer's Agent
Kirra Sutton
Figure Eight Realty
List Price
$4,750,000
Sold Price
$4,100,000
Premium/Discount to List
-$650,000
-13.68%
Views
128
Current Estimated Value
$4,763,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$663,460
Avg. Annual Appreciation
6.44%
Original Mortgage
$1,850,000
Outstanding Balance
$1,836,110
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$2,585,414

Purchase Details

Listed on
Jan 25, 2015
Closed on
Mar 3, 2015
Sold by
Cummings Carter William H and Cummings Carter Susan
Bought by
Peters Charles E and Charles E Peters Jr Revocable
Seller's Agent
Judy Parlatore
Figure Eight Realty
Buyer's Agent
Jo El Skipper
Figure Eight Realty
List Price
$1,995,000
Sold Price
$1,805,000
Premium/Discount to List
-$190,000
-9.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.18%

Purchase Details

Closed on
Aug 11, 2000
Sold by
Neeb Robert W Linda L
Bought by
Carter William H

Purchase Details

Closed on
Sep 1, 1983
Sold by
C S & L Services Inc
Bought by
Neeb Robert W Linda L

Purchase Details

Closed on
Mar 1, 1983
Sold by
Lyon Realty Co
Bought by
C S & L Services Inc

Purchase Details

Closed on
Feb 1, 1980
Bought by
Continental Illinois Realty

Purchase Details

Closed on
Jan 1, 1980
Sold by
Continental Illinois Realty
Bought by
Continental Illinois Realty
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
Cheatwood David L $4,100,000 Old Republic Title
Peters Charles E $1,805,000 None Available
Carter William H $563,000 --
Neeb Robert W Linda L $185,000 --
C S & L Services Inc $900,000 --
Continental Illinois Realty -- --
Continental Illinois Realty -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheatwood David L $1,850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2024 07/11/24 Sold $4,100,000 -8.9% $1,446 / Sq Ft
06/06/2024 06/06/24 Pending -- -- --
05/03/2024 05/03/24 Price Changed $4,500,000 -5.3% $1,587 / Sq Ft
02/01/2024 02/01/24 For Sale $4,750,000 +163.2% $1,675 / Sq Ft
03/11/2015 03/11/15 Sold $1,805,000 -9.5% $670 / Sq Ft
01/31/2015 01/31/15 Pending -- -- --
01/25/2015 01/25/15 For Sale $1,995,000 -- $741 / 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 $14,980 $2,854,100 $2,452,400 $401,700
2022 $15,123 $2,854,100 $2,452,400 $401,700
2021 $15,638 $2,854,100 $2,452,400 $401,700
2020 $9,848 $1,557,000 $1,356,800 $200,200
2019 $9,848 $1,557,000 $1,356,800 $200,200
2018 $0 $1,557,000 $1,356,800 $200,200
2017 $10,082 $1,557,000 $1,356,800 $200,200
2016 $8,737 $1,260,700 $1,005,000 $255,700
2015 $8,119 $1,260,700 $1,005,000 $255,700
2014 $7,980 $1,260,700 $1,005,000 $255,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100425205

Hive MLS

APN: R04613-002-006-000