T
Seller's Agent in 2024
Tory Kuehner
Landmark Sotheby's International Realty
403 Summer Rest Rd Wilmington, NC 28405
Landfall NeighborhoodEstimated Value: $3,594,379 - $4,478,000
4
Beds
5.5
Baths
4,989
Sq Ft
$824/Sq Ft
Est. Value
Highlights
- Deeded Waterfront Access Rights
- Boat Lift
- Intracoastal View
- Wrightsville Beach Elementary School Rated A-
- Boat Slip
- Finished Room Over Garage
About This Home
As of August 2024Welcome to 403 Summer Rest Rd. This coastal masterpiece resides on a high bluff that is located on one of Wilmington's most scenic waterfront addresses. The property includes its own pier with deep water access accompanied by two boat lifts and a floating dock capable of holding a 50' yacht. Permitted for 4 slips.This gem offers the quiet tranquility of yesteryear, with views of the ICW and Wrightsville Beach from virtually every room. Spanish moss drapes the branches of a stately Live Oak Tree at the front of the property. A must-see for the most discriminating waterfront buyer. Pool sized backyard 1st loan assumable with approval from Region Bank.
Last Agent to Sell the Property
Tory Kuehner
Landmark Sotheby's International Realty License #301672 Listed on: 02/19/2024
Co-Listed By
Libby Neil
Landmark Sotheby's International Realty
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $25,071
Year Built
- Built in 2004
Lot Details
- 0.39 Acre Lot
- Waterfront
- Fenced Yard
- Decorative Fence
- Brick Fence
- Corner Lot
- Sprinkler System
- Property is zoned R-20
Home Design
- Wood Frame Construction
- Architectural Shingle Roof
- Stick Built Home
Interior Spaces
- 4,989 Sq Ft Home
- 2-Story Property
- Wet Bar
- Central Vacuum
- Bar Fridge
- Ceiling Fan
- Gas Log Fireplace
- Thermal Windows
- Shutters
- Family Room
- Living Room
- Formal Dining Room
- Home Office
- Intracoastal Views
- Crawl Space
Kitchen
- Double Self-Cleaning Convection Oven
- Gas Cooktop
- Dishwasher
- Compactor
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- Walk-in Shower
Laundry
- Laundry Room
- Washer and Dryer Hookup
Attic
- Storage In Attic
- Pull Down Stairs to Attic
Home Security
- Home Security System
- Fire and Smoke Detector
Parking
- 2 Car Attached Garage
- Finished Room Over Garage
- Side Facing Garage
- Garage Door Opener
- Driveway
- Additional Parking
Outdoor Features
- Outdoor Shower
- Deeded Waterfront Access Rights
- Pier
- Boat Lift
- Boat Slip
- Covered Patio or Porch
- Water Fountains
- Gazebo
- Pergola
- Outdoor Gas Grill
Schools
- Wrightsville Beach Elementary School
- Noble Middle School
- Laney High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Humidifier
- Heating System Uses Natural Gas
- Programmable Thermostat
- Natural Gas Connected
- Electric Water Heater
Community Details
- No Home Owners Association
- Summer Rest Subdivision
Listing and Financial Details
- Assessor Parcel Number 11315716941260000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 19, 2024
Closed on
Aug 26, 2024
Sold by
Neil Jimmy Wayne and Neil Elizabeth L
Bought by
Warren Heather Clark
Seller's Agent
Tory Kuehner
Landmark Sotheby's International Realty
Buyer's Agent
Keith Beatty
Intracoastal Realty Corp
List Price
$5,950,000
Sold Price
$4,100,000
Premium/Discount to List
-$1,850,000
-31.09%
Views
281
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
$10,460
Avg. Annual Appreciation
0.24%
Purchase Details
Listed on
Dec 20, 2013
Closed on
Mar 20, 2015
Sold by
Calrk Stephen H and Calrk Mary Louise
Bought by
Neill Jimmy Wayne and Neill Neil Elizabeth
Seller's Agent
Vance Young
Intracoastal Realty Corp
Buyer's Agent
J.B. Fox
Intracoastal Realty Corp
List Price
$2,695,000
Sold Price
$2,200,000
Premium/Discount to List
-$495,000
-18.37%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.82%
Original Mortgage
$1,500,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jan 23, 2006
Sold by
Clark Stephen H and Clark Mary L
Bought by
Clark Stephen H and Clark Mary Louise
Purchase Details
Closed on
Feb 16, 2005
Sold by
Aea & L Llc
Bought by
Clark Stephen H and Clark Mary L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,999
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 15, 2004
Sold by
Cutting Robert H Sally J M
Bought by
Aea & L Llc
Purchase Details
Closed on
Jul 3, 1990
Sold by
Vezina Maurice D
Bought by
Cutting Robert H Sally J M
Purchase Details
Closed on
Aug 17, 1989
Bought by
Vezina Maurice D
Purchase Details
Closed on
Nov 1, 1969
Bought by
Vezina Maurice D
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 |
|---|---|---|---|
| Warren Heather Clark | $4,100,000 | None Listed On Document | |
| Warren Heather Clark | $4,100,000 | None Listed On Document | |
| Neill Jimmy Wayne | $2,200,000 | None Available | |
| Clark Stephen H | -- | None Available | |
| Clark Stephen H | $2,375,000 | None Available | |
| Aea & L Llc | $1,043,500 | -- | |
| Cutting Robert H Sally J M | $150,000 | -- | |
| Vezina Maurice D | -- | -- | |
| Vezina Maurice D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Neill Jimmy Wayne | $1,500,000 | |
| Previous Owner | Clark Stephen H | $999,999 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/30/2024 08/30/24 | Sold | $4,100,000 | -14.4% | $822 / Sq Ft |
| 06/22/2024 06/22/24 | Pending | -- | -- | -- |
| 05/06/2024 05/06/24 | Price Changed | $4,790,000 | -12.8% | $960 / Sq Ft |
| 03/20/2024 03/20/24 | Price Changed | $5,495,000 | -7.6% | $1,101 / Sq Ft |
| 02/19/2024 02/19/24 | For Sale | $5,950,000 | +170.5% | $1,193 / Sq Ft |
| 03/25/2015 03/25/15 | Sold | $2,200,000 | -18.4% | $438 / Sq Ft |
| 01/21/2015 01/21/15 | Pending | -- | -- | -- |
| 12/20/2013 12/20/13 | For Sale | $2,695,000 | -- | $537 / 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 |
|---|---|---|---|---|
| 2024 | -- | $2,966,900 | $2,375,600 | $591,300 |
| 2023 | $25,070 | $2,966,900 | $2,375,600 | $591,300 |
| 2022 | $25,219 | $2,966,900 | $2,375,600 | $591,300 |
| 2021 | $25,391 | $2,978,400 | $2,387,100 | $591,300 |
| 2020 | $23,094 | $2,192,300 | $1,425,500 | $766,800 |
| 2019 | $23,094 | $2,192,300 | $1,425,500 | $766,800 |
| 2018 | $23,094 | $2,192,300 | $1,425,500 | $766,800 |
| 2017 | $23,094 | $2,192,300 | $1,425,500 | $766,800 |
| 2016 | $16,648 | $1,502,500 | $932,100 | $570,400 |
| 2015 | $15,911 | $1,502,500 | $932,100 | $570,400 |
| 2014 | $15,235 | $1,502,500 | $932,100 | $570,400 |
Source: Public Records
Agents Affiliated with this Home
-
-
L
Seller Co-Listing Agent in 2024
Libby Neil
Landmark Sotheby's International Realty
-
Keith Beatty
Buyer's Agent in 2024
Keith Beatty
Intracoastal Realty Corp
(910) 509-1924
27 in this area
1,291 Total Sales
-
Vance Young
Seller's Agent in 2015
Vance Young
Intracoastal Realty Corp
(910) 232-8850
174 in this area
879 Total Sales
-
J
Buyer's Agent in 2015
J.B. Fox
Intracoastal Realty Corp
Map
Source: Hive MLS
MLS Number: 100428384
APN: R05710-002-057-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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