NOT LISTED FOR SALE

412 Madewood Ln Newport, NC 28570

Estimated Value: $60,701

5.44 Acres
$11,158 Price per Acre
236,966 Sq Ft Lot

Last Sold July 12, 2024

Last sale price $60,000

Est. 1% increase in value since last sale

Current estimated payment $379/month

29 Days on Market

Highlights

  • 86 Feet of Waterfront
  • Boat Dock
  • Property fronts a marsh
  • Newport Middle School Rated A-
  • 5.44 Acre Lot
  • Maintained Community

About This Lot

As of July 2024

Discover the perfect canvas for your dream home on this stunning 5.4-acre waterfront lot. Nestled in a serene and picturesque setting, this vacant land offers endless possibilities for creating a personalized oasis. Imagine waking up to the gentle sounds of water and enjoying breathtaking views every day. This lot comes with a septic permit for a 4-bedroom house, making it easier for you to start building your ideal residence. Whether you envision a cozy family retreat or a luxurious estate, this waterfront property provides the perfect backdrop for your vision. Embrace the tranquility and natural beauty of this exceptional piece of land - your dream home awaits!

Last Agent to Sell the Property

Mary Cheatham King

Keller Williams Crystal Coast Listed on: 05/23/2024

Keller Williams Crystal Coast

Last Buyer's Agent

Riley Horne

Weichert Realtors At Wave's Edge License #283221

Weichert Realtors At Wave's Edge

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $275

Lot Details

  • 5.44 Acre Lot
  • Property fronts a marsh
  • 86 Feet of Waterfront
  • Property fronts a private road
  • Cleared Lot
  • Property is zoned Unzoned

HOA Fees

  • $38 Monthly HOA Fees

Additional Features

  • Water Views
  • Septic Permit Issued

Listing and Financial Details

  • Assessor Parcel Number 638801391985000

Community Details

Overview

  • Chadwick Shores Association
  • Chadwick Shores Plantation Subdivision
  • Maintained Community
  • The community has rules related to deed restrictions

Recreation

  • Boat Dock

Property Details

Property Type

Land

Est. Annual Taxes

$275

Lot Details

0

HOA Fees

$38 per month

Listing Details

  • Property Type: Land
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Type Frontage: Paved, Private
  • Waterfront: Yes
  • Waterview: Yes
  • Total Road Frontage: 137
  • Water Frontage: 86.00

Utilities

  • Fuel Tank: None
  • Utilities: Septic Permit on file

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Boat Dock, Maint - Comm Areas, Maint - Roads, Street Lights
  • HOAAssociationFee1Year: 460.00
  • HOAAssociationName: Chadwick Shores

Lot Info

  • Deed Page: 321.00
  • Lot Sq Ft: 236966.00
  • Lot Water Features: Waterfront Comm
  • Plat Book: 33
  • Plat Page: 562-566
  • Zoning: Unzoned
  • Acres: 5.44
  • Deed Restriction: Yes
  • Environmental Hazard: Unknown
  • List Price per Acre: 12408.09
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared
  • Lot View Type: Marsh View

Tax Info

  • Tax Identifier: 638801391985000
  • Tax Year: 2023
  • Total Real Estate Property Taxes: 274.62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2024
Closed on
Jun 28, 2024
Sold by
Sylivant Ernest Luther and Sylivant Michelle Meyer
Bought by
Morrison John
Seller's Agent
Mary Cheatham King
Keller Williams Crystal Coast
Buyer's Agent
Riley Horne
Weichert Realtors At Wave's Edge
List Price
$67,500
Sold Price
$60,000
Premium/Discount to List
-$7,500
-11.11%
Views
52
Current Estimated Value
$60,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$701
Avg. Annual Appreciation
0.90%

Purchase Details

Listed on
Jun 22, 2018
Closed on
Jan 3, 2022
Sold by
Terry Robert Clarence and Terry Morgan Miller
Bought by
Sylivant Ernest Luther and Sylivant Michelle Meyer
Seller's Agent
Barefoot Chandler & Associates
Barefoot-Chandler & Associates
Buyer's Agent
Mary Cheatham King
Keller Williams Crystal Coast
List Price
$57,400
Sold Price
$46,000
Premium/Discount to List
-$11,400
-19.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.21%

Purchase Details

Listed on
Sep 14, 2015
Closed on
Jul 11, 2016
Sold by
Lord Cynthia R and Lord Charles W
Bought by
Terry Robert Clarence and Moore Morgan Miller
Seller's Agent
Kathryn Calling
Coldwell Banker Sea Coast AB
Buyer's Agent
A Non Member
A Non Member
List Price
$59,000
Sold Price
$50,000
Premium/Discount to List
-$9,000
-15.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.50%
Original Mortgage
$47,000
Interest Rate
3.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2010
Sold by
Chadwick Shores Plantation Llc
Bought by
Lord Cynthia R and Lord Charles W

Purchase Details

Closed on
Dec 22, 2009
Sold by
North Carolina Coast & Lakes Llc
Bought by
Chadwick Shores Plantation Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Morrison John $60,000 None Listed On Document
Morrison John $60,000 None Listed On Document
Sylivant Ernest Luther $46,000 None Available
Sylivant Ernest Luther -- Whaley Debra
Terry Robert Clarence $50,000 Attorney
Lord Cynthia R $45,000 None Available
Chadwick Shores Plantation Llc $561,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Terry Robert Clarence $47,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/12/2024 07/12/24 Sold $60,000 -11.1% --
06/21/2024 06/21/24 Pending -- -- --
05/23/2024 05/23/24 For Sale $67,500 +46.7% --
01/13/2022 01/13/22 Sold $46,000 -6.1% -- View Prior Sale
11/29/2021 11/29/21 Pending -- -- --
10/06/2021 10/06/21 Price Changed $49,000 -14.6% --
04/10/2021 04/10/21 For Sale $57,400 +24.8% --
03/31/2021 03/31/21 Off Market $46,000 -- --
06/22/2018 06/22/18 For Sale $58,900 +17.8% --
07/13/2016 07/13/16 Sold $50,000 -15.3% -- View Prior Sale
05/31/2016 05/31/16 Pending -- -- --
09/14/2015 09/14/15 For Sale $59,000 -- --
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
2025 $243 $62,380 $62,380 $0
2024 $275 $54,380 $54,380 $0
2023 $275 $54,380 $54,380 $0
2022 $269 $54,380 $54,380 $0
2021 $253 $54,380 $54,380 $0
2020 $283 $54,380 $54,380 $0
2019 $182 $36,380 $36,380 $0
2017 $171 $36,380 $36,380 $0
2016 $166 $36,380 $36,380 $0
2015 $162 $36,380 $36,380 $0
2014 $192 $43,111 $43,111 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100446200

Hive MLS

APN: 6388.01.39.1985000