NOT LISTED FOR SALE

3400 Masonboro Loop Rd Wilmington, NC 28409

Beasley Neighborhood

Estimated Value: $476,000

1.91 Acres
$249,215 Price per Acre
83,200 Sq Ft Lot

Last Sold January 13, 2022

Last sale price $550,500 $7 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $2,737/month

3 Days on Market

About This Lot

As of January 2022

Rare opportunity in this location! O&I or rezone back to R-15. Currently zoned with Mixed use approval for 4800sqft office space and 5 residential condos. The 2 road front buildings each have 2400sqft of office space on the 1st floor and 2 residential condos on the 2nd floor. The 3rd building located midway on the property was designed to be a residential condo or owner's residence. Natural gas hookup at the road and 3 water / sewer taps. City multi-use sidewalk is being installed at the road frontage currently at the city expense (big savings for you). A right-of-way was given to the city at the road frontage for the city to build their sidewalk. Great location! Located across the street from this property is Port City Java, small shops, and restaurants. Lot price is for the 2 lots (3400 and 3380 Masonboro Loop Rd). Topo map and soil test results are available upon request. Listing agent is the seller of the property.

Last Agent to Sell the Property

Regina Drury

Regina Drury Real Estate Group LLC License #225561 Listed on: 05/17/2021

Last Buyer's Agent

Regina Drury

Regina Drury Real Estate Group LLC License #225561 Listed on: 05/17/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $901

Year Built

  • Built in 2021

Lot Details

  • 1.91 Acre Lot
  • Lot Dimensions are 192x385x190x408
  • Property is zoned O&I - Condition

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R06700-001-010-000

Property Details

Property Type

Land

Est. Annual Taxes

$901

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Property Type: G
  • Sub Type: Land
  • Cobra Zone: No
  • New Construction: No
  • Year Built: 2021
  • Definition: RE W/O Business
  • Special Features: NewHome
  • Property Sub Type: LotsLands

Garage/Parking

  • Garage: No

Association/Amenities

  • HOA: No

Lot Info

  • Deed Book: 6138
  • Deed Page: 656.00
  • Lot Acres: 1.91
  • Lot Dimensions: 192x385x190x408
  • Lot Sq Ft: 83199.00
  • Zoning: O&I - Condition

Tax Info

  • Tax Identifier: R06700-001-010-000
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2023
Sold by
Redeeming Development Group Ll
Bought by
Jdsh Port City Preserve Llc
Total Days on Market
3
Current Estimated Value
$476,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,580,000
Outstanding Balance
$3,501,327
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
-$3,012,327

Purchase Details

Listed on
May 17, 2021
Closed on
Dec 15, 2021
Sold by
Drury David H and Drury Regina
Bought by
Redeeming Development Group Llc
Seller's Agent
Regina Drury
Regina Drury Real Estate Group LLC
Buyer's Agent
Regina Drury
Regina Drury Real Estate Group LLC
List Price
$545,000
Sold Price
$550,500
Premium/Discount to List
$5,500
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.41%
Original Mortgage
$550,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2021
Sold by
Drury David H and Drury Regina
Bought by
City Of Wilmington

Purchase Details

Listed on
Feb 26, 2018
Closed on
Apr 26, 2018
Sold by
Mcgowan Delmar A and Mcgowan Dixie B
Bought by
Drury David H and Drury Regina
Seller's Agent
Regina Drury
Regina Drury Real Estate Group LLC
Buyer's Agent
Regina Drury
Regina Drury Real Estate Group LLC
List Price
$210,000
Sold Price
$195,000
Premium/Discount to List
-$15,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.78%

Purchase Details

Closed on
Jul 13, 2006
Sold by
Mcgowan Dixie B and Mcgowan Del
Bought by
Baldwin Jimmie Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
6.54%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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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
Jdsh Port City Preserve Llc $1,000,000 None Listed On Document
Redeeming Development Group Llc $550,500 None Listed On Document
City Of Wilmington $21,500 None Available
Drury David H $195,000 None Available
Baldwin Jimmie Ray $25,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jdsh Port City Preserve Llc $3,580,000
Closed Jdsh Port City Preserve Llc $250,000
Previous Owner Redeeming Development Group Llc $550,000
Previous Owner Baldwin Jimmie Ray $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2022 01/13/22 Sold $550,500 +1.0% $7 / Sq Ft
05/20/2021 05/20/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $545,000 +179.5% $7 / Sq Ft
04/30/2018 04/30/18 Sold $195,000 -7.1% $190 / Sq Ft
03/16/2018 03/16/18 Pending -- -- --
02/26/2018 02/26/18 For Sale $210,000 -- $205 / 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
2024 $901 $207,200 $207,200 $0
2023 $1,751 $207,200 $207,200 $0
2022 $1,142 $134,300 $134,300 $0
2021 $0 $137,400 $137,400 $0
2020 $2,542 $241,300 $193,300 $48,000
2019 $2,545 $190,700 $113,900 $76,800
2018 $2,009 $190,700 $113,900 $76,800
2017 $2,009 $190,700 $113,900 $76,800
2016 $1,593 $143,800 $74,900 $68,900
2015 $1,523 $143,800 $74,900 $68,900
2014 $1,458 $143,800 $74,900 $68,900
Source: Public Records

Agents Affiliated with this Home

  • Regina Drury

    Seller's Agent in 2022

    Regina Drury

    Regina Drury Real Estate Group LLC

    (910) 239-1396

    3 in this area

    190 Total Sales

    Regina Drury
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Map

Source: Hive MLS

MLS Number: 100271771

Hive MLS

APN: R06700-001-010-000

North Carolina New Hanover County Wilmington 28409 Beasley

3400 Masonboro Loop Rd, Wilmington, NC

This home is located at 3400 Masonboro Loop Rd, Wilmington, NC 28409 since 17 May 2021 and is currently estimated at $476,000, approximately $5 per square foot. This property was built in 2021. 3400 Masonboro Loop Rd 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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