NOT LISTED FOR SALE

4748 Gum Tree Hole Rd SW Shallotte, NC 28470

Estimated Value: $391,000 - $1,832,808

74.55 Acres
$12,994 Price per Acre
3,247,398 Sq Ft Lot

Last Sold June 17, 2021

Last sale price $1,600,000

Est. 39% decrease in value since last sale

Current estimated payment $5,579/month

905 Days on Market

Highlights

  • 74.55 Acre Lot
  • Creek On Lot
  • Wooded Lot
  • Union Elementary School Rated A-

About This Lot

As of June 2021

Waterfront Development opportunity along the scenic banks of Saucepan Creek. This 74.55 acre tract is located on Bricklanding Road between Ocean Isle Beach, NC and Shallotte, NC, only minutes from the beach and Intracoastal Waterway. This large Residential Tract is primed for development or a private waterfront estate, with approximately 92% of the acreage being uplands. Property is wooded with easy access for showing thru timbered road right of ways. Development potential includes: amenity rich, waterfront community close to golf, ICW access, and the beach. Property was formerly planned, engineered and permitted for 161 single-family residential lots.

Last Agent to Sell the Property

Michael Brisson

Blue Strand Real Estate Group License #89705 Listed on: 03/31/2018

Co-Listed By

John Dukes

Blue Strand Real Estate Group License #63001

Last Buyer's Agent

John Dukes

Blue Strand Real Estate Group License #63001

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,609

Lot Details

  • 74.55 Acre Lot
  • Property fronts a state road
  • Irregular Lot
  • Wooded Lot
  • Property is zoned R75

Additional Features

  • Creek On Lot
  • Outside City Limits

Property Details

Property Type

Land

Est. Annual Taxes

$3,609

Lot Details

0

Listing Details

  • Lot Description: Irregular, Wooded
  • Class: Land
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 03/31/2018
  • Estm Road Frontage: 2120 ft.
  • Estimated Lot Size: 25 Or More Acres
  • Road Access: State Road, County Road
  • Road Surface: Blacktop
  • Utilities To Site: Electricity, Water, Sewer
  • Geo Subdivision: NC
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Number Of Acres: 74.55

Garage/Parking

  • Type: Acreage

Utilities

  • Sewer: Public
  • Water: Public

Schools

  • Elementary School: Union Primary School
  • Middle School: Shallotte Middle School
  • High School: West Brunswick High School

Lot Info

  • Lot Location: Outside City Limits, On Inlet/Creek
  • Zoning: R75

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2024
Sold by
Saucepan Creek Llc
Bought by
Creekside At Brick Landing Llc
Current Estimated Value
$968,702

Purchase Details

Closed on
Jul 26, 2022
Sold by
Lynx Jericho Saucepan Bay Llc
Bought by
Saucepan Creek Llc

Purchase Details

Listed on
Mar 31, 2018
Closed on
Jun 14, 2021
Sold by
Lynx Jericho Saucepan Llc
Bought by
Saucepan Creek Llc
Seller's Agent
Michael Brisson
Blue Strand Real Estate Group
Buyer's Agent
John Dukes
Blue Strand Real Estate Group
List Price
$2,749,900
Sold Price
$1,600,000
Premium/Discount to List
-$1,149,900
-41.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-13.00%

Purchase Details

Closed on
Sep 14, 2020
Sold by
Jericho All Weather Opportunity Fund Lp
Bought by
Jericho Saucepan Bay Llc and Lynx Jericho Saucepan Bay Llc

Purchase Details

Closed on
Sep 25, 2007
Sold by
T & J Development Of Nmb Llc
Bought by
Jericho Allweather Opportunity Fund Lp and Jericho State Capital Corp

Purchase Details

Closed on
Oct 4, 2006
Sold by
Tripp Harold D and Tripp Julia Fort
Bought by
T & J Development Of Nmb Llc

Purchase Details

Closed on
Aug 18, 2006
Sold by
Mcleod June and Cox June S
Bought by
T & J Development Of Nmb Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
6.55%
Mortgage Type
Credit Line Revolving
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
Creekside At Brick Landing Llc -- None Listed On Document
Creekside At Brick Landing Llc -- None Listed On Document
Saucepan Creek Llc -- Burns Day & Presnell Pa
Saucepan Creek Llc $1,600,000 None Available
Jericho Saucepan Bay Llc -- None Available
Lynx Jericho Saucepan Bay Llc -- None Listed On Document
Jericho Allweather Opportunity Fund Lp $500,000 None Available
T & J Development Of Nmb Llc $350,000 None Available
T & J Development Of Nmb Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saucepan Creek Llc $400,000
Previous Owner Saucepan Creek Llc $5,505,200
Previous Owner Bowens Shoun B $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2021 06/17/21 Sold $1,600,000 -5.9% --
08/17/2020 08/17/20 Price Changed $1,699,900 -38.2% --
03/31/2018 03/31/18 For Sale $2,749,900 -- --
Source: Coastal Carolinas Association of REALTORS®

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
2024 $3,609 $868,160 $788,860 $79,300
2023 $9,784 $1,932,290 $1,852,990 $79,300
2022 $9,784 $1,852,440 $1,793,570 $58,870
2021 $9,727 $1,852,440 $1,793,570 $58,870
2020 $9,727 $1,852,440 $1,793,570 $58,870
2019 $9,727 $1,797,480 $1,793,570 $3,910
2018 $9,381 $1,744,850 $1,740,170 $4,680
2017 $9,206 $1,744,850 $1,740,170 $4,680
2016 $9,106 $1,744,850 $1,740,170 $4,680
2015 $9,106 $1,794,980 $1,740,170 $54,810
2014 $21,984 $4,877,769 $4,830,840 $46,929
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1806951

Coastal Carolinas Association of REALTORS®

APN: 2290007704