Seller's Agent in 2022
Tricia Keane
Nest Realty
(910) 367-1832
2 in this area
128 Total Sales
342 & 344 Cabbage Inlet Ln Wilmington, NC 28409
Masonboro NeighborhoodEstimated Value: $2,063,000 - $3,535,353
5
Beds
7.5
Baths
6,730
Sq Ft
$427/Sq Ft
Est. Value
Highlights
- Deeded Waterfront Access Rights
- Intracoastal View
- 1.2 Acre Lot
- Masonboro Elementary School Rated A
- Home fronts a creek
- Deck
About This Home
As of May 2022$500,000 PRICE REDUCTION FOR THE HOUSE AND THE LOT. SELLER IS UNDER CONTRACT TO HAVE A BOAT DOCK BUILT. This Intracoastal waterfront estate home sits on a .77 acre waterfront lot and was exquisitely designed by Architect Daryl Barker and expertly crafted by well-renowned builder Wright Holman and Walt Lackey. Entering the property, you'll drive down a beautiful tree covered driveway, anticipation building as the home comes into view through the 250+ year old live oak trees surrounding the property. Thoughtfully designed, this home has 6,730 sq. ft. and features an open floor plan with soaring windows and high ceilings. A show stopping two-story stacked fireplace leads your eye up to the second story balcony overlooking the main living space. The spacious kitchen features granite countertops, custom cherry cabinets, a commercial style refrigerator, separate ice maker, gas oven plus 2 electric ovens, 2 sinks, a walk-in pantry and butler's pantry. The formal dining room has a gorgeous custom wooden vaulted ceiling. Also on the first floor is a home office or study, with a fireplace and even a hidden closet, as well as a guest room with a private entrance from the outside deck. On the second floor, the master bedroom includes both his and hers closets and bathrooms! It also has a fireplace, sitting room and private deck overlooking the Intracoastal Waterway. Each of the additional four bedrooms on the second floor has its own bathroom. On the third floor you'll find a bonus room with plenty of open space for yoga or other hobbies, and another full bathroom. The ground level hosts a massive 3,349 sq. ft., and includes a four car garage! The adjacent lot is .43 acres with water views and also included in the sale with the house. The house is for sale alone, Please see MLS # 100276908. This would be the perfect space to add your own private pool and pool house. Schedule a private tour today!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $15,567
Year Built
- Built in 1998
Lot Details
- 1.2 Acre Lot
- Home fronts a creek
- Property fronts a private road
- Street terminates at a dead end
- Irrigation
- Property is zoned R-15
Home Design
- Block Foundation
- Wood Frame Construction
- Architectural Shingle Roof
- Piling Construction
- Stick Built Home
- Stucco
Interior Spaces
- 6,730 Sq Ft Home
- 3-Story Property
- Tray Ceiling
- Ceiling height of 9 feet or more
- Ceiling Fan
- 3 Fireplaces
- Gas Log Fireplace
- Family Room
- Living Room
- Formal Dining Room
- Home Office
- Bonus Room
- Workshop
- Intracoastal Views
- Partially Finished Attic
- Finished Basement
Kitchen
- Breakfast Area or Nook
- Gas Oven
- Stove
- Range Hood
- Built-In Microwave
- Ice Maker
- Dishwasher
- Solid Surface Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Intercom
- Fire and Smoke Detector
Parking
- 4 Car Attached Garage
- Driveway
Outdoor Features
- Outdoor Shower
- Deeded Waterfront Access Rights
- Balcony
- Deck
- Screened Patio
- Porch
Utilities
- Central Air
- Heat Pump System
- Propane
- Electric Water Heater
- Fuel Tank
Additional Features
- Accessible Elevator Installed
- Energy-Efficient Doors
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot A and B
- Assessor Parcel Number R07210-005-020-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 17, 2021
Closed on
May 10, 2022
Sold by
Claricen Steven C
Bought by
Clarken Steven C and Swanton Angela J
Seller's Agent
Tricia Keane
Nest Realty
Buyer's Agent
Brian Walsh
Coastal Properties
List Price
$3,500,000
Sold Price
$2,485,000
Premium/Discount to List
-$1,015,000
-29%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,088
Avg. Annual Appreciation
4.33%
Original Mortgage
$1,318,000
Interest Rate
5.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 14, 1994
Sold by
Spivey A D Lynn E
Bought by
Martin Patrick D Michele A
Purchase Details
Closed on
Jul 30, 1991
Sold by
Kirkum Edith Eugnia
Bought by
Spivey A D Lynn E
Purchase Details
Closed on
May 14, 1990
Sold by
Kirkum Henry Martin
Bought by
Kirkum Edith Eugnia
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Clarken Steven C | -- | -- | |
| Clarken Steven C | $2,485,000 | None Listed On Document | |
| Martin Patrick D Michele A | $241,000 | -- | |
| Spivey A D Lynn E | $165,000 | -- | |
| Kirkum Edith Eugnia | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Clarken Steven C | $1,318,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/12/2022 05/12/22 | Sold | $2,485,000 | -17.2% | $369 / Sq Ft |
| 03/28/2022 03/28/22 | Pending | -- | -- | -- |
| 03/09/2022 03/09/22 | Price Changed | $3,000,000 | -14.3% | $446 / Sq Ft |
| 06/17/2021 06/17/21 | For Sale | $3,500,000 | -- | $520 / Sq Ft |
Source: Hive MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $15,735 | $3,791,000 | $1,150,700 | $2,640,300 |
| 2023 | $15,735 | $1,808,600 | $835,700 | $972,900 |
| 2022 | $15,373 | $1,808,600 | $835,700 | $972,900 |
| 2021 | $15,478 | $1,808,600 | $835,700 | $972,900 |
| 2020 | $15,567 | $1,477,800 | $400,000 | $1,077,800 |
| 2019 | $15,567 | $1,477,800 | $400,000 | $1,077,800 |
| 2018 | $6,567 | $1,477,800 | $400,000 | $1,077,800 |
| 2017 | $15,567 | $1,477,800 | $400,000 | $1,077,800 |
| 2016 | $13,556 | $1,223,500 | $400,000 | $823,500 |
| 2015 | $12,957 | $1,223,500 | $400,000 | $823,500 |
| 2014 | $12,406 | $1,223,500 | $400,000 | $823,500 |
Source: Public Records
Agents Affiliated with this Home
-
Tricia Keane
-
Brian Walsh
B
Buyer's Agent in 2022
Brian Walsh
Coastal Properties
(910) 256-8171
1 in this area
32 Total Sales
Map
Source: Hive MLS
MLS Number: 100276915
APN: R07210-005-020-000
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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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