NOT LISTED FOR SALE

Estimated Value: $5,004,000 - $7,452,968

4 Beds
3 Baths
2,590 Sq Ft
$2,432/Sq Ft Est. Value

Last Sold February 12, 2016

Last sale price $2,360,000 $911 Per Sq Ft

Est. 167% increase in value since last sale

Current estimated payment $35,388/month

1,080 Days on Market

Highlights

  • Ocean View
  • Community Boat Dock
  • Home fronts a sound
  • Porters Neck Elementary School Rated A-
  • Water Access
  • Boat Slip

About This Home

As of February 2016

Unparalleled views from this sound front beach cottage. Located on the open water and only steps from the beach this property allows you to take full advantage of all that Figure Eight Island has to offer. Beautiful oaks cover this sound front property that has bulkhead, pier and floating dock already in place. This home features 4 Bedrooms, 3 full baths, open living and dining area, bonus room, double carport and open and covered decks. Unobstructed sound views, deep water boating access, easy access to the ocean, tennis and bikes trails. Just a short walk or bike ride to the Yacht Club, which offers additional tennis courts, pool, marina and dining. Figure Eight Island Yacht Club Membership included.

Last Agent to Sell the Property

Kirra Sutton

Figure Eight Realty License #216149 Listed on: 12/17/2012

Last Buyer's Agent

David Eggleston

Intracoastal Realty Corp License #240162

Intracoastal Realty Corp

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1971

Lot Details

  • 0.42 Acre Lot
  • Property fronts a marsh
  • Home fronts a sound
  • Property fronts a private road
  • Property is zoned R-20S

HOA Fees

  • $424 Monthly HOA Fees

Property Views

  • Ocean
  • Intracoastal

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 2,590 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Bonus Room
  • Crawl Space
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Carport
  • Driveway

Outdoor Features

  • Water Access
  • Boat Slip
  • Deck
  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number R04516-001-017-000

Community Details

Overview

  • Figure Eight Island Subdivision
  • Maintained Community

Recreation

  • Community Boat Dock
  • Tennis Courts

Security

  • Security Service
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Year Built

Built in 1971

Lot Details

0.42 Acres

HOA Fees

$424 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • List Priceper Sq Ft: 965.25
  • New Construction: No
  • Prospect Exempt: No
  • Waterview: Yes
  • Year Built: 1971
  • Lot View Type: ICW View, Ocean View, Marsh View
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Vinyl, Wood
  • Interior Amenities: Blinds/Shades, Ceiling Fan(s)
  • Laundry Location: Room
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedrooms: 4
  • Bedroom1 Level: Second
  • Bedroom2 Level: Second
  • Bedroom3 Level: Second
  • Bonus Room Level: Second
  • Dining Room Level: Second
  • Kitchen Level: Second
  • Living Room Level: Second
  • Primary Bedroom Level: Second
  • Other Level: Second
  • Sq Ft Heated: 2590.00
  • Stories: 2.0
  • Stories Levels: Two
  • Total Heated Primary Separate Sq Ft: 2590.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: None
  • Fencing: None
  • Foundation: Crawl Space, Pilings
  • Porch Balcony Deck: Deck, Porch
  • Road Type Frontage: Paved, Private
  • Roof: Shingle
  • Waterfront: Yes
  • Road Frontage Type: Sound Front

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: Carport, Paved, On Site

Utilities

  • Cooling System: Central
  • Fuel Tank: Propane Buried
  • Fuel Tank Ownership: Owned
  • Heated Sq Ft: 2400 - 2599
  • Heating System: Forced Air, Heat Pump
  • 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: Boat Dock, Tennis Court(s), Trash, Maint - Comm Areas, Security, Management, Maint - Roads
  • H O A Association Fee1 Year: 5085.00
  • H O A H O A1 Mgmt Company: Figure Eight Beach H

Schools

  • School District: New Hanover

Lot Info

  • Cobra Zone: No
  • Deed Page: 768.00
  • Lot Acres: 0.42
  • Lot Dimensions: irregular per plat
  • Lot Sq Ft: 18417.00
  • Lot Water Features: Boat Slip, Water Access Comm, Waterfront Comm
  • Zoning: R-20S

Tax Info

  • Tax Identifier: R04516-001-017-000
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2012
Closed on
Feb 2, 2016
Sold by
Kellam J Richard and Kellam Betty Jo
Bought by
Cherry Holdings Llc
Seller's Agent
Kirra Sutton
Figure Eight Realty
Buyer's Agent
David Eggleston
Intracoastal Realty Corp
List Price
$2,280,000
Sold Price
$2,360,000
Premium/Discount to List
$80,000
3.51%
Current Estimated Value
$6,297,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,937,656
Avg. Annual Appreciation
10.21%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cherry Holdings Llc $2,360,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2016 02/12/16 Sold $2,360,000 +3.5% $911 / Sq Ft
12/02/2015 12/02/15 Pending -- -- --
12/17/2012 12/17/12 For Sale $2,280,000 -- $880 / Sq Ft
Source: Hive MLS

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 $26,358 $6,944,300 $4,237,600 $2,706,700
2023 $15,012 $2,860,100 $2,158,000 $702,100
2022 $15,155 $2,860,100 $2,158,000 $702,100
2021 $15,671 $2,860,100 $2,158,000 $702,100
2020 $16,861 $2,665,800 $1,803,900 $861,900
2019 $16,861 $2,665,800 $1,803,900 $861,900
2018 $16,861 $2,665,800 $1,803,900 $861,900
2017 $15,076 $2,328,300 $1,803,900 $524,400
2016 $10,155 $1,465,400 $1,173,100 $292,300
2015 $9,437 $1,465,400 $1,173,100 $292,300
2014 $9,276 $1,465,400 $1,173,100 $292,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 30484696

Hive MLS

APN: R04516-001-017-000

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