NOT LISTED FOR SALE

5 Shearwater St Wrightsville Beach, NC 28480

Estimated Value: $1,940,000 - $2,640,000

6 Beds
6 Baths
3,216 Sq Ft
$739/Sq Ft Est. Value

Last Sold February 27, 2023

Last sale price $2,225,000 $692 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $13,445/month

122 Days on Market

Highlights

  • Ocean View
  • Wooded Lot
  • Wood Flooring
  • Wrightsville Beach Elementary School Rated A-
  • Vaulted Ceiling
  • Main Floor Primary Bedroom

About This Home

As of February 2023

Here is a great opportunity to own a home in Wrightsville Beach that has two identical 3 bedroom units. They can be your family home with lots of room for family and guests. Or you could live in one unit and rent the other or you could rent both units as an investment property with long term or short term vacation renters. Seascapes has projected annual cash flow from short term rentals would be between $145,196 and $183,454. You have a short walk on the ocean side of N. Channel to beach access 14, to Johnny Mercer pier, the loop and downtown WB for shopping and restaurants. One of the most valued parts of owning on WB is having your own parking. In this case you have a minimum of 4 places and up to 5 or 6 for each unit. And, even better you get two town parking passes for each unit that you can use to your advantage. Both units have attractive open living, dining and kitchen set ups and easy access to wrap around outdoor porches. The main bedroom has an ensuite bathroom and there are in total two and one half baths. And you are in the bubble that includes Landfall with Mayfaire and the Forum restaurants and great shopping. Plus you are only 20 minutes from the airport and downtown Wilmington. These double units do not come up very often. Don't miss out!

Last Agent to Sell the Property

Vance Young

Intracoastal Realty Corp License #245851 Listed on: 10/06/2022

Intracoastal Realty Corp

Last Buyer's Agent

Sam Crittenden

Landmark Sotheby's International Realty License #280361

Landmark Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,344

Year Built

  • Built in 2000

Lot Details

  • 3,216 Sq Ft Lot
  • Lot Dimensions are 60x80
  • Wooded Lot
  • Property is zoned R-2

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stick Built Home

Interior Spaces

  • 3,216 Sq Ft Home
  • 2-Story Property
  • Furnished or left unfurnished upon request
  • Vaulted Ceiling
  • Combination Dining and Living Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Electric Cooktop
  • Stove
  • Range Hood
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • Covered Parking
  • Driveway
  • Paved Parking

Outdoor Features

  • Outdoor Shower
  • Wrap Around Porch

Schools

  • Wrightsville Beach Elementary School
  • Noble Middle School
  • Hoggard High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R05720-016-006-000

Community Details

Overview

  • No Home Owners Association
  • Maintained Community

Amenities

  • Picnic Area

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,344

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Type: A
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 2000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Tile, Wood
  • Heated Sq Ft: 3000 - 3499
  • Interior Amenities: 9Ft+ Ceilings, Ceiling - Vaulted, Smoke Detectors
  • Laundry Location: Hall
  • List Price per Sq Ft: 775.81
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bathrooms: 6.00
  • Bedrooms: 6
  • Number Rooms: 12
  • Bedroom 3 Level: Main
  • Bedroom 4 Level: Upper
  • Bedroom 5 Level: Main
  • Bedroom 6 Level: Upper
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Primary Bedroom Level: Main
  • Sq Ft Heated: 3216.00
  • Total Heated Primary Separate Sq Ft: 3216.00
  • Furnished: Negotiable

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Fiber Cement
  • Fencing: None
  • Foundation: Slab
  • Porch Balcony Deck: Covered, Porch, Wrap Around
  • Road Type Frontage: Maintained, Paved, Public (City/Cty/St)
  • Roof: Composition, Shingle
  • Waterfront: No
  • Waterview: Yes

Garage/Parking

  • Garage And Parking Driveway Spaces: 6.00
  • Garage And Parking Other See Remarks: Under House
  • Parking Driveway: Concrete, Covered, On Site, Paved

Utilities

  • Appliances Equipment: Cooktop - Electric, Dishwasher, Disposal, Dryer, Ice Maker, Refrigerator, Stove/Oven - Electric, Vent Hood, Washer
  • Cooling System: Central
  • Federal Flood Ins Avlbl: No
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: Maint - Roads, Picnic Area, Street Lights, Tennis Court(s), Trash

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 5602
  • Deed Page: 1579.00
  • Lot Acres: 0.10
  • Lot Description: Wooded
  • Lot Dimensions: 60x80
  • Lot Sq Ft: 3216.00
  • Lot Water Features: None
  • Plat Book: 3
  • Plat Page: 75
  • Zoning: R-2
  • Lot View Type: Ocean View

Tax Info

  • Tax Identifier: R05720-016-006-000
  • Tax Year: 2021
  • Total Real Estate Property Taxes: 6343.75

MLS Schools

  • Elementary School: Wrightsville Beach
  • High School: Hoggard
  • Middle School: Noble
  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2022
Closed on
Feb 24, 2023
Sold by
Kingoff Michael P
Bought by
J Scott Atkinson And Kelly C Atkinson Trust
Seller's Agent
Vance Young
Intracoastal Realty Corp
Buyer's Agent
Sam Crittenden
Landmark Sotheby's International Realty
List Price
$2,799,999
Sold Price
$2,225,000
Premium/Discount to List
-$574,999
-20.54%
Views
77
Current Estimated Value
$2,375,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,127
Avg. Annual Appreciation
-1.77%

Purchase Details

Closed on
Jan 1, 2001
Bought by
King Eugene E Mrs

Purchase Details

Closed on
Jul 2, 1998
Sold by
Kingoff Janice S William N
Bought by
Kingoff Michael P

Purchase Details

Closed on
Aug 1, 1983
Sold by
King Eugene E Mrs
Bought by
Kingoff Janice S
Source: Public Records

Range of Values:

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Average Value
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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
J Scott Atkinson And Kelly C Atkinson Trust $2,225,000 --
King Eugene E Mrs -- --
Kingoff Michael P -- --
Kingoff Janice S $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kingoff Michael P $249,465
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2023 02/27/23 Sold $2,225,000 -10.8% $692 / Sq Ft
02/05/2023 02/05/23 Pending -- -- --
11/30/2022 11/30/22 Price Changed $2,495,000 -10.9% $776 / Sq Ft
10/06/2022 10/06/22 For Sale $2,799,999 -- $871 / 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 $6,344 $1,159,100 $712,100 $447,000
2022 $6,344 $1,159,100 $712,100 $447,000
2021 $6,576 $1,159,100 $712,100 $447,000
2020 $7,037 $1,031,100 $672,200 $358,900
2019 $7,037 $1,031,100 $672,200 $358,900
2018 $7,037 $1,031,100 $672,200 $358,900
2017 $7,192 $1,031,100 $672,200 $358,900
2016 $6,796 $899,000 $605,600 $293,400
2015 $6,356 $899,000 $605,600 $293,400
2014 $6,176 $899,000 $605,600 $293,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100353057

Hive MLS

APN: R05720-016-006-000