NOT LISTED FOR SALE

Wilmington, NC 28412

Echo Farms-Rivers Edge Neighborhood

Estimated Value: $270,000 - $283,000

2 Beds
2 Baths
1,408 Sq Ft
$210/mo HOA Fee

Last Sold September 24, 2012

Last sale price $118,000 $84 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $1,833/month

10 Days on Market

Highlights

  • 1 Acre Lot
  • 1 Fireplace
  • Formal Dining Room
  • Deck
  • Community Pool
  • Living Room

About This Home

As of September 2012

The Marshes Condominiums represent a great value in the Wilmington area. This home is move-in ready! Your furniture will fit in the large rooms. This unit is spacious and well appointed with a patio, a fireplace and a four fixture master bathroom. At over 1400 square feet, this top floor unit features a thoughtful floor plan that should accommodate nearly every taste in decor and furnishings. Best of all, the convenient location is very near the local year round schools, Echo Farms Golf & Country Club and New Hanover Regional Medical Center and scores of professional offices. The seller is offering special financing through the HomePath Mortgage and Renovation Mortgage. Part of First Look Program. Only offers from owner occupants (not 2nd home purchasers) will be considered first 15

Last Agent to Sell the Property

Clinton Howlett, Jr

CENTURY 21 Brock & Associates Listed on: 07/31/2012

Last Buyer's Agent

Diane Parker

Coldwell Banker Sea Coast Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,502

Year Built

  • Built in 2004

Lot Details

  • 1

HOA Fees

  • $210 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,408 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Living Room
  • Formal Dining Room
  • Pest Guard System

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Lighted Parking
  • Driveway
  • Paved Parking
  • On-Site Parking

Utilities

  • Forced Air Heating and Cooling System
  • Co-Op Water

Additional Features

  • Deck
  • Property fronts a private road

Listing and Financial Details

  • Tax Lot 5288
  • Assessor Parcel Number 312518.21.5520.089

Community Details

Overview

  • Master Insurance
  • Rivers Edge Subdivision
  • Maintained Community

Recreation

  • Community Pool

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,502

Year Built

Built in 2004

Lot Details

0

HOA Fees

$210 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Construction: Wood Frame
  • Construction Type: Both Stk Blt & Mod
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: 1st Floor Unit, One
  • Year Built: 2004
  • Special Features: 1028
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Dining Room Type: Formal
  • Fireplace: 1
  • Flooring: Carpet, Vinyl
  • Heated Sq Ft: 1400 - 1599
  • List Price per Sq Ft: 83.81
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 2
  • Number Rooms: 5
  • Bedroom 1 Level: First
  • Dining Room Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First
  • Sq Ft Heated: 1408.00
  • Total Heated Primary Separate Sq Ft: 1408.00

Exterior Features

  • Exterior Finish: Brick Veneer, Vinyl Siding
  • Foundation: Slab
  • Porch Balcony Deck: Deck
  • Road Type Frontage: Paved, Private
  • Roof: Shingle

Garage/Parking

  • Garage And Parking Other See Remarks: Lghtd
  • Parking Driveway: Lighted, Paved, On Site

Utilities

  • Cooling System: Central
  • Heating System: Forced Air
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Utilities: Municipal Sewer, Municipal Water

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Community Pool, Pest Control, Water, Trash, Sewer, Maint - Grounds, Master Insure, Management, Maintenance Structure
  • HOAAssociationFee1Year: 2520.00

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 2223.00
  • Lot Acres: 1.00
  • Lot Dimensions: Condo
  • Lot Number: 5288
  • Lot Sq Ft: 43560.00
  • Zoning: MF-M

Tax Info

  • Tax Identifier: 312518.21.5520.089

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2012
Closed on
Aug 21, 2012
Sold by
Federal National Mortgage Association
Bought by
Kornegay Amber L
Seller's Agent
Clinton Howlett, Jr
CENTURY 21 Brock & Associates
Buyer's Agent
Diane Parker
Coldwell Banker Sea Coast Realty
List Price
$118,000
Sold Price
$118,000
Current Estimated Value
$275,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,028
Avg. Annual Appreciation
6.62%
Original Mortgage
$114,460
Outstanding Balance
$80,823
Interest Rate
3.63%
Mortgage Type
New Conventional
Estimated Equity
$189,182

Purchase Details

Closed on
Jun 19, 2012
Sold by
Hill Steven L and Hannan Beverly Lynn
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 29, 2009
Sold by
Hill Steven L
Bought by
Hill Steven L and Hannan Beverly Lynn

Purchase Details

Closed on
Feb 29, 2008
Sold by
Guinn Dennis M and Guinn Mary A
Bought by
Hill Steven L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 2004
Sold by
Breezewood Of Wilmington Inc
Bought by
Marshes At Rivers Edge Llc The
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
Kornegay Amber L -- None Available
Federal National Mortgage Association $132,210 None Available
Hill Steven L -- None Available
Hill Steven L $175,000 None Available
Marshes At Rivers Edge Llc The -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kornegay Amber L $114,460
Previous Owner Hill Steven L $143,000
Previous Owner Hill Steven L $140,000
Previous Owner Guinn Dennis $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2012 09/24/12 Sold $118,000 0.0% $84 / Sq Ft
08/10/2012 08/10/12 Pending -- -- --
07/31/2012 07/31/12 For Sale $118,000 -- $84 / 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 $1,502 $172,600 $0 $172,600
2022 $1,467 $172,600 $0 $172,600
2021 $1,477 $172,600 $0 $172,600
2020 $1,285 $122,000 $0 $122,000
2019 $1,285 $122,000 $0 $122,000
2018 $1,285 $122,000 $0 $122,000
2017 $1,285 $122,000 $0 $122,000
2016 $1,350 $121,800 $0 $121,800
2015 $1,290 $121,800 $0 $121,800
2014 $1,235 $121,800 $0 $121,800
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Clinton Howlett, Jr

    CENTURY 21 Brock & Associates

  • D

    Buyer's Agent in 2012

    Diane Parker

    Coldwell Banker Sea Coast Realty

See All Agents

Source: Hive MLS

MLS Number: 30479910

Hive MLS

APN: R07010-001-007-089

North Carolina New Hanover County Wilmington 28412

Echo Farms-Rivers Edge

This home since 31 July 2012 and is currently estimated at $275,028, approximately $195 per square foot. This property was built in 2004. This home is a home located in New Hanover County with nearby schools including Edwin A. Alderman Elementary School, Williston Middle School, and New Hanover High School.

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