NOT LISTED FOR SALE

507 Cromwell Notch SW Ocean Isle Beach, NC 28469

Estimated Value: $865,000 - $1,010,000

0.55 Acre
$1,693,511 Price per Acre
23,958 Sq Ft Lot

Last Sold April 22, 2019

Last sale price $76,000

Est. 1,126% increase in value since last sale

Current estimated payment $5,390/month

309 Days on Market

Highlights

  • Golf Course Community
  • Fitness Center
  • 0.55 Acre Lot
  • Union Elementary School Rated A-
  • Gated Community
  • Clubhouse

About This Lot

As of April 2019

This large, private homesite provides an alluring nature setting with filtered golf course views. Ocean Ridge's amenities include an ocean front Beach Club on Sunset Beach, which was selected as one of the top beaches in the world by National Geographic. Owners also enjoy 72 holes of championship golf, miles of walking & biking trails, full fitness center, indoor and outdoor pools, tennis, nature park and Pavilion, a sales & home building center and over 100 owner clubs and community activities! Voted One of the Top 100 Communities in America by Where to Retire magazine.

Last Agent to Sell the Property

Ocean Ridge Team

Ocean Ridge Plantation Real Estate Sales License #C13939 Listed on: 04/30/2018

Last Buyer's Agent

Robert Moss

Rivers Edge Golf Club & Plantation, LLC License #204744

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $482

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 46x201x175x274
  • Property fronts a private road
  • Level Lot
  • Wooded Lot

HOA Fees

  • $100 Monthly HOA Fees

Schools

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

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 212oa075

Community Details

Overview

  • Ocean Ridge Plantation Subdivision
  • Maintained Community
  • The community has rules related to deed restrictions

Amenities

  • Community Garden
  • Picnic Area
  • Restaurant
  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Indoor Pool
  • Community Spa
  • Trails

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$482

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: None
  • Road Type Frontage: Maintained, Paved, Private
  • Waterfront: No
  • Waterview: No
  • Total Road Frontage: 46

Utilities

  • Fuel Tank: None
  • Service Providers Electric Provider: Brunswick Electric
  • Service Providers Sewer Provider: Brunswick County Public Utilities
  • Service Providers Water Provider: Brunswick County Public Utilities
  • Utilities: County Sewer, County Water

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Clubhouse, Comm Garden, Fitness Center, Gated Community, Golf Course, Hot Tub, Maint - Comm Areas, Maint - Roads, Mgmt Fee, Picnic Grounds, Pool, Pool - Indoor, Restaurant, Sidewalk, Street Lights, Tennis, Trails
  • HOAAssociationFee1Year: 1202.00

Schools

  • School District: Brunswick

Lot Info

  • Deed Page: 598.00
  • Lot Description: Wooded
  • Lot Dimensions: 46x201x175x274
  • Lot Number: 10
  • Lot Sq Ft: 23958.00
  • Lot Water Features: None
  • Plat Book: 0026
  • Plat Page: 0279
  • Zoning: Residential
  • Acres: 0.55
  • Current Use: Residential
  • Deed Restriction: Yes
  • Environmental Hazard: No
  • List Price per Acre: 145272.73
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Level, Wooded
  • Lot Number2: 10

Tax Info

  • Tax Identifier: 212oa075
  • Tax Year: 2018
  • Total Real Estate Property Taxes: 482.00

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2018
Closed on
Apr 12, 2019
Sold by
Woodard Family Revocable Living Trust
Bought by
Watt Michael J and Watt Elaine M
Seller's Agent
Ocean Ridge Team
Ocean Ridge Plantation Real Estate Sales
Buyer's Agent
Robert Moss
Rivers Edge Golf Club & Plantation, LLC
List Price
$99,500
Sold Price
$76,000
Premium/Discount to List
-$23,500
-23.62%
Current Estimated Value
$931,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$855,431
Avg. Annual Appreciation
48.39%
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
Watt Michael J $76,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watt Michael J $730,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2019 04/22/19 Sold $76,000 -23.6% --
03/05/2019 03/05/19 Pending -- -- --
04/30/2018 04/30/18 For Sale $99,500 +10.6% --
09/13/2016 09/13/16 Sold $90,000 -30.5% --
07/25/2016 07/25/16 Pending -- -- --
05/03/2016 05/03/16 For Sale $129,500 -- --
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
2025 $2,582 $831,580 $68,200 $763,380
2024 $2,582 $580,430 $68,200 $512,230
2023 $321 $68,200 $68,200 $0
2022 $0 $63,000 $63,000 $0
2021 $0 $63,000 $63,000 $0
2020 $321 $63,000 $63,000 $0
2019 $321 $63,000 $63,000 $0
2018 $474 $94,500 $94,500 $0
2017 $469 $94,500 $94,500 $0
2016 $466 $94,500 $94,500 $0
2015 $468 $94,500 $94,500 $0
2014 $707 $157,500 $157,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100113489

Hive MLS

APN: 212OA075