NOT LISTED FOR SALE

518 & 520 Sylvan St Shallotte, NC 28470

Estimated Value: $346,000 - $422,000

8 Beds
8 Baths
4,916 Sq Ft
$78/Sq Ft Est. Value

Last Sold May 05, 2021

Last sale price $516,000 $105 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $2,348/month

189 Days on Market

Highlights

  • Second Kitchen
  • 2 Fireplaces
  • Community Pool
  • Union Elementary School Rated A-
  • End Unit
  • Covered Patio or Porch

About This Home

As of May 2021

Incredible investor opportunity awaits!! The Village of Woodsong is one of Shallotte's most unique communities, nestled among mature pines and hardwoods, nature trails, and featuring a park like setting with community pool and clubhouse. This unique opportunity consists of two end-unit townhomes, each with detached, two-car garage and each with a one-bedroom apartment above (for a total of 4 living units). This multi family home was designed and custom built by current owners. Each townhome offers 3 bedrooms (master downstairs) and 2.5 baths. Gaspac heating for downstairs ensures efficiency and comfort in those colder winter months. Crown molding, wainscoting, granite counters, Armstrong laminate flooring, electric fireplaces, and surround sound make up some of the higher end features of the homes. Outside, you'll enjoy peace of mind knowing the homes are clad in fiber cement siding, windows with 3M film for extra wind speed rating, 5/4 x 4'' marine grade deck boards, termite bond, and crawl space vapor barrier. Oversized front porch connects both units, but firewall protects each. Out back are private screen porches and grilling decks. HOA cares for front lawn, no mower needed. All appliances convey. Half bath and additional breaker panel added to garage of unit 520. 3 of the 4 units currently rented. Call agent for more details.

Last Agent to Sell the Property

Joel Sheesley

Coldwell Banker Sea Coast Advantage License #264373 Listed on: 07/28/2020

Coldwell Banker Sea Coast Advantage

Last Buyer's Agent

Sarah Harris

Cooke Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000

Lot Details

  • 7,841 Sq Ft Lot
  • End Unit

HOA Fees

  • $127 Monthly HOA Fees

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • 2 Fireplaces
  • Blinds
  • Combination Dining and Living Room
  • Crawl Space
  • Second Kitchen
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • Bedroom Suite
  • 8 Bathrooms
  • Walk-in Shower

Home Security

  • Intercom
  • Fire and Smoke Detector
  • Firewall

Parking

  • 4 Car Detached Garage
  • Shared Driveway
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Heat Pump System
  • Propane
  • Fuel Tank

Listing and Financial Details

  • Assessor Parcel Number 197mc00601, 197mc00602

Community Details

Overview

  • Lawrence Realty Svcs HOA, Phone Number (910) 454-0700
  • The Village Of Woodsong Subdivision
  • Maintained Community

Recreation

  • Community Pool
  • Trails

Property Details

Home Type

Multi-Family

Year Built

Built in 2000

Lot Details

7,841 Sq Ft Lot

HOA Fees

$127 per month

Listing Details

  • Property Type: C
  • Sub Type: Duplex
  • Appliances Equipment: See Remarks
  • List Priceper Sq Ft: 113.91
  • New Construction: No
  • Secondary Subdivision: N/A
  • Waterview: No
  • Year Built: 2000
  • Cooling: Central
  • Occupied: Yes
  • Rent Frequency: 1400.00
  • Rent Frequency: Monthly
  • Side Unit2 Appliance: See Remarks
  • Side Unit2 Cooling: Central
  • Side Unit2 Features: Kitchen, Living Room, Patio/Balcony/Deck, W/D Hookup
  • Side Unit2 Heating: Electric, Forced Air, Heat Pump, Propane Gas
  • Side Unit2 Occupied: No
  • Side Unit2 Rent: 1500.00
  • Side Unit2 Rent Frequency: Other
  • Side Unit3 Avg Sq Ft: 585
  • Side Unit3 Cooling: Central
  • Side Unit3 Heating: Electric, Forced Air
  • Side Unit3 Occupied: Yes
  • Side Unit3 Rent: 700.00
  • Side Unit3 Rent Frequency: Monthly
  • Side Unit3 Total Rooms: 3
  • Side Unit4 Appliance: See Remarks
  • Side Unit4 Avg Sq Ft: 586
  • Side Unit4 Cooling: Central
  • Side Unit4 Features: Dining Room, Fireplace, Kitchen, Living Room, Patio/Balcony/Deck, W/D Hookup
  • Side Unit4 Heating: Electric, Forced Air, Heat Pump
  • Side Unit4 Occupied: Yes
  • Side Unit4 Rent: 700.00
  • Side Unit4 Rent Frequency: Monthly
  • Side Unit4 Total Rooms: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room Type: Combination
  • Fireplace: 2
  • Interior Amenities: 1st Floor Master, 2nd Kitchen, Apt/Suite, Blinds/Shades, Ceiling Fan(s), Intercom/Music, Smoke Detectors, Walk-in Shower, Wash/Dry Connect
  • Laundry Location: Hookup - Dryer, Hookup - Washer
  • Total Bathrooms: 8.00
  • Stories: 2.0
  • Stories Levels: 1st Floor, 2nd Floor, End Unit
  • Number Bedrooms Total: 8
  • Furnished: No
  • Half Bathrooms: 1
  • Bedrooms: 3
  • Side Unit2 Furnished: No
  • Half Bathrooms: 1
  • Numberof Bedrooms: 1
  • Full Bathrooms: 1
  • Side Unit3 Furnished: No
  • Numberof Bedrooms: 1
  • Full Bathrooms: 1
  • Side Unit4 Furnished: No
  • Numberof Bedrooms: 1
  • Total Heated Sq Ft: 4916.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Fiber Cement
  • Fencing: None
  • Foundation: Crawl Space
  • Porch Balcony Deck: Covered, Porch, Screened
  • Road Type Frontage: Paved, See Remarks
  • Roof: Architectural Shingle, Composition, Shingle
  • Waterfront: No

Garage/Parking

  • Detached Garage Spaces: 4.00
  • Total Garage Spaces: 4.00
  • Parking Driveway: Off Street, Shared

Utilities

  • Cooling System: Central
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Leased
  • Heating System: Forced Air, Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • Heating: Electric, Forced Air, Propane Gas
  • Heating System Fuel Source: Electric, Propane Gas

Association/Amenities

  • H O A: Yes
  • H O Aand Neighborhood Amenities: Maint - Comm Areas, Maint - Grounds, Maint - Roads, Mgmt Fee, Pool-Community, Trails
  • Annual H O A: 1520.00
  • H O A Company: Lawrence Realty Svcs
  • H O A Phone: (910)454-0700

Fee Information

  • Property Mgmt Company: No

Schools

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

Lot Info

  • Cobra Zone: No
  • Deed Book: 1415
  • Deed Page: 1100.00
  • Lot Acres: 0.18
  • Lot Dimensions: irregular
  • Lot Sq Ft: 7841.00
  • Zoning: SH-R-10

Rental Info

  • Appointment Center Phone: 888.746.9995
  • Pets: Possible

Tax Info

  • Tax Identifier: 197mc00601, 197mc00602
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2020
Closed on
Mar 18, 2021
Sold by
Maglione Anthony
Bought by
Lomasney Patrick and Lomasney Evelyn
Seller's Agent
Joel Sheesley
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Sarah Harris
Cooke Realty
List Price
$560,000
Sold Price
$516,000
Premium/Discount to List
-$44,000
-7.86%
Current Estimated Value
$385,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$130,292
Avg. Annual Appreciation
-5.82%
Original Mortgage
$193,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2000
Bought by
Maglione Anthony
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
Lomasney Patrick $258,000 None Available
Maglione Anthony $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lomasney Patrick $193,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2021 05/05/21 Sold $516,000 -7.9% $105 / Sq Ft
02/02/2021 02/02/21 Pending -- -- --
11/05/2020 11/05/20 For Sale $560,000 0.0% $114 / Sq Ft
08/15/2020 08/15/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $560,000 -- $114 / 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 $2,826 $377,730 $35,000 $342,730
2024 $27 $377,730 $35,000 $342,730
2023 $2,935 $377,730 $35,000 $342,730
2022 $2,935 $307,150 $40,000 $267,150
2021 $2,875 $307,150 $40,000 $267,150
2020 $2,875 $307,150 $40,000 $267,150
2019 $2,875 $40,000 $40,000 $0
2018 $2,330 $247,600 $40,000 $207,600
2017 $2,317 $40,000 $40,000 $0
2016 $2,267 $40,000 $40,000 $0
2015 $2,267 $247,600 $40,000 $207,600
2014 $2,085 $237,890 $35,000 $202,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100229320

Hive MLS

APN: 197MC00602

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