NOT LISTED FOR SALE

505 Spencer Farlow Dr Carolina Beach, NC 28428

Estimated Value: $447,000 - $489,000

0.2 Acre
$2,362,750 Price per Acre
8,700 Sq Ft Lot

Last Sold March 08, 2013

Last sale price $50,000 $74 Per Sq Ft

Est. 845% increase in value since last sale

Current estimated payment $2,697/month

230 Days on Market

About This Lot

As of March 2013

Priced right for this good sized lot on Pleasure Island, close to public boat access. Not in a flood zone. No HOA fees or restrictions. Have pricing to clear uninhabitable home on property - clear and build your spot at the beach!

Last Agent to Sell the Property

Sandra Bullard

Bullard Realty, Inc. License #191678 Listed on: 07/05/2012

Last Buyer's Agent

Sandra Bullard

Bullard Realty, Inc. License #191678 Listed on: 07/05/2012

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,480

Lot Details

  • 8,700 Sq Ft Lot
  • Lot Dimensions are 52.7x180.61x50x163.8
  • Property is zoned R-2

Schools

  • Carolina Beach Elementary School
  • Myrtle Grove Middle School
  • Ashley High School

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$1,480

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Total Road Frontage: 52

Association/Amenities

  • HOA: No

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 995
  • Deed Page: 828.00
  • Lot Dimensions: 52.7x180.61x50x163.8
  • Lot Sq Ft: 8700.00
  • Zoning: R-2
  • Acres: 0.20
  • Flood Zone: No
  • List Price per Acre: 337500.00

MLS Schools

  • Elementary School: Carolina Beach
  • High School: Ashley
  • Middle School: Myrtle Grove
  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2024
Sold by
Holmes Jared F and Holmes Meaghan L
Bought by
Holmes Kayleigh A
Current Estimated Value
$472,550

Purchase Details

Closed on
Aug 15, 2023
Sold by
Holmes Jared F and Holmes Meaghan L
Bought by
Holmes Kayleigh A

Purchase Details

Closed on
May 13, 2021
Sold by
Holmes Jared F and Holmes Meaghan L
Bought by
Holmes Kayleigh A

Purchase Details

Closed on
Jul 2, 2020
Sold by
Holmes Jared F and Holmes Meaghan L
Bought by
Holmes Kayleigh A

Purchase Details

Closed on
Dec 29, 2014
Sold by
Holmes Jared F
Bought by
Holmes Jared F and Holmes Meaghan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 5, 2012
Closed on
Feb 28, 2013
Sold by
Sauls Corina H
Bought by
Holmes Jared F
Seller's Agent
Sandra Bullard
Bullard Realty, Inc.
Buyer's Agent
Sandra Bullard
Bullard Realty, Inc.
List Price
$67,500
Sold Price
$50,000
Premium/Discount to List
-$17,500
-25.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.82%

Purchase Details

Closed on
Feb 1, 1974
Bought by
Sauls Corina H
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
Holmes Kayleigh A -- None Listed On Document
Holmes Kayleigh A -- None Listed On Document
Holmes Kayleigh A -- None Available
Holmes Kayleigh A -- None Available
Holmes Jared F -- Servicelink
Holmes Jared F $50,000 None Available
Sauls Corina H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holmes Jared F $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2013 03/08/13 Sold $50,000 -25.9% $74 / Sq Ft
02/20/2013 02/20/13 Pending -- -- --
07/05/2012 07/05/12 For Sale $67,500 -- $100 / 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 $1,480 $216,100 $167,100 $49,000
2022 $1,448 $216,100 $167,100 $49,000
2021 $1,491 $216,100 $167,100 $49,000
2020 $1,174 $146,700 $118,300 $28,400
2019 $1,174 $146,700 $118,300 $28,400
2018 $1,144 $146,700 $118,300 $28,400
2017 $1,166 $146,700 $118,300 $28,400
2016 $1,032 $120,300 $83,700 $36,600
2015 $973 $120,300 $83,700 $36,600
2014 $949 $120,300 $83,700 $36,600
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Sandra Bullard

    Bullard Realty, Inc.

    (910) 458-4028

    3 in this area

    8 Total Sales

    Sandra Bullard
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Map

Source: Hive MLS

MLS Number: 30478925

Hive MLS

APN: R08806-004-024-000

North Carolina New Hanover County Carolina Beach 28428

505 Spencer Farlow Dr, Carolina Beach, NC

This home is located at 505 Spencer Farlow Dr, Carolina Beach, NC 28428 since 05 July 2012 and is currently estimated at $472,550, approximately $703 per square foot. 505 Spencer Farlow Dr is a home located in New Hanover County with nearby schools including Carolina Beach Elementary School, Charles P. Murray Middle School, and Eugene Ashley 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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