NOT LISTED FOR SALE

427 Sylvan Ln Wilmington, NC 28409

Masonboro Neighborhood

Estimated Value: $1,284,000 - $5,205,781

2.9 Acres
$1,098,710 Price per Acre
126,324 Sq Ft Lot

Last Sold December 06, 2017

Last sale price $2,050,000 $723 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $20,079/month

228 Days on Market

Highlights

  • 318 Feet of Waterfront
  • 2.9 Acre Lot
  • No HOA
  • Masonboro Elementary School Rated A

About This Lot

As of December 2017

Wisps of ocean air greet you as you drive through the formal entry of this wonderful estate. This property is over 2 acres of beautifully sloping land speckled with Hundred year old live oaks draped with perfectly placed Spanish moss. A casual stroll down to the dock paints a breathtaking view of the Intracoastal Waterway and Hewlett's Creek which offers you a vantage point unparalleled by any other surrounding properties. The potential of this great property is limitless and could be your dream southern coastal estate.

Last Agent to Sell the Property

Andrew Kelly

Intracoastal Realty Corp Listed on: 03/15/2017

Last Buyer's Agent

Jennifer Bullock

RE/MAX Executive License #253271

Property Details

Property Type

  • Land

Lot Details

  • 2.9 Acre Lot
  • 318 Feet of Waterfront
  • Property fronts a private road
  • Cleared Lot
  • Property is zoned R20

Property Views

  • Water Views

Schools

  • Masonboro Elementary School
  • Roland Grise Middle School
  • Hoggard High School

Utilities

  • Heating System Uses Oil Above Ground
  • Fuel Tank

Community Details

  • No Home Owners Association
  • The community has rules related to deed restrictions

Listing and Financial Details

  • Assessor Parcel Number R06700-002-035-000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: B
  • 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
  • Water Frontage: 318.00

Utilities

  • Fuel Tank: Oil Above Ground
  • Fuel Tank Ownership: Owned

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Book: 16
  • Deed Page: 485.00
  • Lot Sq Ft: 126324.00
  • Zoning: R20
  • Acres: 2.90
  • Deed Restriction: Yes
  • Environmental Hazard: Unknown
  • Flood Zone: Yes
  • List Price per Acre: 758620.69
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared

Tax Info

  • Tax Identifier: R06700-002-035-000
  • Tax Year: 2015

MLS Schools

  • Elementary School: Masonboro
  • High School: Hoggard
  • Middle School: Roland Grise

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2017
Sold by
Fraley Raymond W and Fraley Debbie H
Bought by
Mam Living Trust
Current Estimated Value
$3,186,260

Purchase Details

Closed on
Apr 1, 1962
Bought by
Fraley Raymond W Charlcie W
Source: Public Records

Range of Values:

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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
Mam Living Trust $20,500 None Available
Fraley Raymond W Charlcie W -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2017 12/06/17 Sold $2,050,000 -6.8% $723 / Sq Ft
10/29/2017 10/29/17 Pending -- -- --
03/15/2017 03/15/17 For Sale $2,200,000 -- $775 / 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 -- $3,063,600 $986,200 $2,077,400
2022 $0 $3,063,600 $986,200 $2,077,400
2021 $11,322 $3,063,600 $986,200 $2,077,400
2020 $11,322 $1,074,800 $594,300 $480,500
2019 $6,355 $831,000 $594,300 $236,700
2018 $0 $831,000 $594,300 $236,700
2017 $8,287 $786,700 $550,000 $236,700
2016 $7,922 $715,000 $500,000 $215,000
2015 $7,572 $715,000 $500,000 $215,000
2014 $7,250 $715,000 $500,000 $215,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2017

    Andrew Kelly

    Intracoastal Realty Corp

  • Jennifer Bullock

    Buyer's Agent in 2017

    Jennifer Bullock

    RE/MAX

    (910) 512-4080

    2 in this area

    429 Total Sales

    Jennifer Bullock
    Section Image
  • Sloan Reese

    Buyer Co-Listing Agent in 2017

    Sloan Reese

    Coastal Properties

    2 in this area

    51 Total Sales

    Sloan Reese
    Section Image
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Map

Source: Hive MLS

MLS Number: 100052917

Hive MLS

APN: R06700-002-035-000

North Carolina New Hanover County Wilmington 28409 Masonboro

427 Sylvan Ln, Wilmington, NC

This home is located at 427 Sylvan Ln, Wilmington, NC 28409 since 15 March 2017 and is currently estimated at $3,186,260, approximately $1,123 per square foot. 427 Sylvan Ln 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.

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.

Hive MLS 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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