NOT LISTED FOR SALE

5 Backfin Point Wilmington, NC 28411

Figure 8 Island Neighborhood

Estimated Value: $6,775,000 - $8,245,000

5 Beds
7 Baths
5,338 Sq Ft
$1,429/Sq Ft Est. Value

Sale Details

Date Sold: February 11, 2016

Last sale price $2,300,000 $431 Per Sq Ft

Est. 201% increase in value since last sale

Current estimated payment $40,860 / mo

108 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Water Views
  • In Ground Pool
  • Porters Neck Elementary School Rated A-
  • Home fronts a sound
  • Deck

About This Home

As of February 2016

Located on the private island of Figure Eight, this custom built home, designed by Nick Garrett and built by David James in 2006 has a deep water dock with 2 lifts. There are 5 spacious bedrooms, each with its own bathroom plus 2 1/2 baths, one on each floor. There is plenty of room inside and out to entertain large gatherings of family and friends! Huge open kitchen/living area on top floor with master bedroom and separate office area. Another living area on the floor below with 4 ensuite bedrooms. In ground custom pool with hot tub, fenced back yard with plenty of ipe decking, front and back, all with breathtaking views from screened and unscreened porches. No details were spared here, top of the line appliances, Viking Professional, gas range, frigerator/freezer, full size wine

Last Agent to Sell the Property

Buzzy Northen

Intracoastal Realty Corporation License #274691 Listed on: 09/29/2015

Intracoastal Realty Corporation

Last Buyer's Agent

Buzzy Northen

Intracoastal Realty Corporation License #274691 Listed on: 09/29/2015

Intracoastal Realty Corporation

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • 16,640 Sq Ft Lot
  • Home fronts a sound
  • Property fronts a private road
  • Irrigation
  • Property is zoned R-10

HOA Fees

  • $424 Monthly HOA Fees

Property Views

  • Water Views
  • Views of a Sound

Home Design

  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Stick Built Home
  • Composite Building Materials

Interior Spaces

  • 5,338 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Thermal Windows
  • Blinds
  • Great Room
  • Living Room
  • Formal Dining Room
  • Laundry Room

Kitchen

  • Built-In Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • 2 Car Attached Garage
  • 1 Attached Carport Space
  • Driveway

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • In Ground Pool
  • Deeded Waterfront Access Rights
  • Deck
  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Fuel Tank
  • On Site Septic
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 317808.79.8918

Community Details

Overview

  • Figure Eight Island Subdivision
  • Maintained Community

Recreation

  • Tennis Courts

Security

  • Security Service
  • Security Lighting

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0.38 Acres

HOA Fees

$424 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Appliances Equipment: Dishwasher, Microwave - Built-In
  • Handicap Accessible: Elevator
  • List Priceper Sq Ft: 561.07
  • New Construction: No
  • Prospect Exempt: No
  • Secondary Subdivision: N/A
  • Waterview: Yes
  • Year Built: 2006
  • Lot View Type: Sound View
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Dining Room Type: Formal
  • Fireplace: 1
  • Flooring: Carpet, Tile
  • Interior Amenities: Blinds/Shades, Gas Logs, Elevator, Ceiling Fan(s)
  • Laundry Location: Room
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bathrooms: 7.00
  • Bedrooms: 5
  • Bedroom1 Level: Second
  • Bedroom2 Level: Second
  • Bedroom3 Level: Second
  • Bedroom4 Level: Second
  • Dining Room Level: Second
  • Great Room Level: Second
  • Kitchen Level: Second
  • Living Room Level: Second
  • Primary Bedroom Level: Second
  • Sq Ft Heated: 5338.00
  • Stories: 3.0
  • Stories Levels: 3 Story or More
  • Total Heated Primary Separate Sq Ft: 5338.00

Exterior Features

  • Exterior Features: Irrigation System, Thermal Windows, Security Lighting
  • Exterior Finish: Composition
  • Fencing: None
  • Foundation: Block
  • On Site Pool Spa: In Ground
  • Porch Balcony Deck: Deck, Porch, Screened, Enclosed
  • Road Type Frontage: Private
  • Roof: Shingle
  • Waterfront: Yes
  • Road Frontage Type: Sound Front

Garage/Parking

  • Attached Carport Spaces: 1.00
  • Attached Garage Spaces: 2.00
  • Garage And Parking Driveway Spaces: 4.00
  • Total Carport Spaces: 1.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: Paved

Utilities

  • Cooling System: Central
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Owned
  • Heated Sq Ft: 5000 - 5499
  • Heating System: Forced Air
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: Existing Septic System
  • Service Providers Water Provider: City/Town
  • Utilities: Community Water, Septic On Site
  • Heating System Fuel Source: Electric

Association/Amenities

  • H O A: Yes
  • H O Aand Neighborhood Amenities: Maint - Comm Areas, Taxes, Tennis Court(s), Security, Maint - Roads
  • H O A Association Fee1 Year: 5085.00
  • H O A H O A1 Mgmt Company: Figure 8

Fee Information

  • Home Warranty Termite Company: Canady & Sons
  • Home Warranty Termite Company Phone: (910) 686-6541

Schools

  • School District: New Hanover

Lot Info

  • Cobra Zone: Yes
  • Deed Page: 147.00
  • Lot Acres: 0.38
  • Lot Dimensions: Irregular
  • Lot Sq Ft: 16640.00
  • Lot Water Features: Deeded Water Rights, Water Access Comm
  • Zoning: R-10

Tax Info

  • Tax Identifier: 317808.79.8918

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2021
Sold by
Wheless James Block and Wheless Mary Griert
Bought by
Current Estimated Value
$6,924,699

Purchase Details

Listed on
Sep 29, 2015
Closed on
Feb 5, 2016
Sold by
Hobbs Fred M and Riley Hobbs Debbie
Bought by
Wheless Mary Grier and Wheless James Block
Seller's Agent
Buzzy Northen
Intracoastal Realty Corporation
Buyer's Agent
Buzzy Northen
Intracoastal Realty Corporation
List Price
$2,995,000
Sold Price
$2,300,000
Premium/Discount to List
-$695,000
-23.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.00%

Purchase Details

Closed on
Nov 10, 1998
Sold by
Davis Arthur H Rosemary D
Bought by
Hobbs Fred M Debbie Riley

Purchase Details

Closed on
May 1, 1973
Bought by
Davis Arthur H Rosemary D
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Figure 8 Island, NC

  • Nick Phillips Group Real Estate Agent - Landmark Sotheby's International Realty

    Nick Phillips Group

    Landmark Sotheby's International Realty

    (910) 679-9746

    120 Total Sales

    3 in Figure 8 Island

    $5.2M - $13.9M Price Range

    Nick Phillips Group
     Section Image
  • Mark Batson Real Estate Agent - Landmark Sotheby's International Realty

    Mark Batson

    Landmark Sotheby's International Realty

    (910) 782-5320

    56 Total Sales

    1 in Figure 8 Island

    $12,500,000 Price

    Mark Batson
     Section Image
  • Sherri Ingle Real Estate Agent - Intracoastal Realty Corporation

    Sherri Ingle

    Intracoastal Realty Corporation

    (910) 218-8579

    1,031 Total Sales

    1 in Figure 8 Island

    $5,500,000 Price

    Sherri Ingle
     Section Image
  • Jo El Skipper Real Estate Agent - Figure Eight Realty

    Jo El Skipper

    Figure Eight Realty

    (910) 407-7432

    36 Total Sales

    15 in Figure 8 Island

    $2.6M - $13M Price Range

    Jo El Skipper
     Section Image
  • Buzzy Northen Real Estate Agent - Intracoastal Realty Corporation

    Buzzy Northen

    Intracoastal Realty Corporation

    (804) 552-6164

    22 Total Sales

    14 in Figure 8 Island

    $2.6M - $13.9M Price Range

    Buzzy Northen
     Section Image
  • Kirra Sutton Real Estate Agent - Figure Eight Realty

    Kirra Sutton

    Figure Eight Realty

    (910) 679-9559

    15 Total Sales

    11 in Figure 8 Island

    $2.8M - $11.9M Price Range

    Kirra Sutton
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Wheless Mary Grier $2,300,000 None Available
Hobbs Fred M Debbie Riley $350,000 --
Davis Arthur H Rosemary D -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $500,000
Previous Owner Hobbs Frederick M $1,540,000
Previous Owner Hobbs Frederick M $250,000
Previous Owner Hobbs Frederick M $370,000
Previous Owner Hobbs Frederick M $370,000
Previous Owner Hobbs Frederick M $1,336,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/11/2016 02/11/16 Sold $2,300,000 -23.2% $431 / Sq Ft
01/15/2016 01/15/16 Pending -- -- --
09/29/2015 09/29/15 For Sale $2,995,000 -- $561 / Sq Ft
Source: Hive MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $26,733 $7,043,300 $2,862,000 $4,181,300
2023 $15,117 $2,880,300 $1,861,500 $1,018,800
2022 $15,261 $2,880,300 $1,861,500 $1,018,800
2021 $15,782 $2,880,300 $1,861,500 $1,018,800
2020 $14,063 $2,223,400 $1,201,300 $1,022,100
2019 $14,063 $2,223,400 $1,201,300 $1,022,100
2018 $14,063 $2,223,400 $1,201,300 $1,022,100
2017 $14,397 $2,223,400 $1,201,300 $1,022,100
2016 $14,714 $2,123,200 $1,007,800 $1,115,400
2015 $13,673 $2,123,200 $1,007,800 $1,115,400
2014 $13,440 $2,123,200 $1,007,800 $1,115,400
Source: Public Records

Agents Affiliated with this Home

  • Buzzy Northen Real Estate Agent - Intracoastal Realty Corporation

    Seller's Agent in 2016

    Buzzy Northen

    Intracoastal Realty Corporation

    (804) 334-2030

    14 in this area

    22 Total Sales

    Buzzy Northen
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Map

Source: Hive MLS

MLS Number: 30528862

Hive MLS

APN: R04516-002-011-000

North Carolina New Hanover County Wilmington 28411 Figure 8 Island

5 Backfin Point, Wilmington, NC

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