NOT LISTED FOR SALE

518 Spencer Farlow Dr Unit 1 Carolina Beach, NC 28428

Estimated Value: $666,000 - $741,000

4 Beds
4 Baths
2,594 Sq Ft
$268/Sq Ft Est. Value

Last Sold February 19, 2021

Last sale price $389,000 $150 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $4,283/month

187 Days on Market

Highlights

  • Waterfront Community
  • Canal View
  • Deck
  • Carolina Beach Elementary School Rated A-
  • ENERGY STAR Certified Homes
  • Vaulted Ceiling

About This Home

As of February 2021

Come Live and Enjoy the flowing Ocean waters of Carolina Beach and Snow's Cut. This property focuses on Spacious, Hardwood floors for all Living Areas, Open Kitchen/Living floor plan, Lg Master suite, Private Balcony, and private screened sunroom. A Lg Master Bath and walk in closet complete the private surroundings of the Master Suite. Easy in/out traffic of Carolina Bch 1st exit on left past Snow's Cut Bridge. Boats are easy to launch as you are close to Public boat ramp, Carolina Beach State Park, shopping and restaurants. 2 Car Garage and 2 car parking and quiet living space with only a short walk to the water. 4brms-4 baths. Planned Elevator Shaft or extra storage Interior Paint will be color choice of buyer. HOA includes outside building maintenance, insurance, landscaping, and garbage pickup.

Last Agent to Sell the Property

Blanche Chisum

Tranzon Key License #265763 Listed on: 07/16/2020

Last Buyer's Agent

Chris Lopata

Sea Glass Wilmington License #294104

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,939

Year Built

  • Built in 2008

Lot Details

  • 1,742 Sq Ft Lot
  • Property fronts a private road
  • End Unit
  • Vinyl Fence
  • Wood Fence
  • Drought Tolerant Landscaping

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Stick Built Home

Interior Spaces

  • 2,594 Sq Ft Home
  • 2-Story Property
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Thermal Windows
  • Double Pane Windows
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Combination Dining and Living Room
  • Home Office
  • Canal Views

Kitchen

  • Convection Oven
  • Electric Cooktop
  • Stove
  • Range Hood
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Terrazzo

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms
  • Whirlpool Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Attic

  • Attic Fan
  • Attic Access Panel

Home Security

  • Pest Guard System
  • Termite Clearance

Parking

  • 2 Car Attached Garage
  • Driveway
  • Assigned Parking

Eco-Friendly Details

  • Energy-Efficient Doors
  • ENERGY STAR Certified Homes
  • ENERGY STAR/CFL/LED Lights
  • Heating system powered by passive solar

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Hot Water Heating System
  • Heating System Uses Steam
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number R08806-002-029-000

Community Details

Overview

  • Master Insurance
  • Island Walk At Snows Cut Subdivision
  • Maintained Community

Recreation

  • Waterfront Community

Security

  • Security Lighting
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,939

Year Built

Built in 2008

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Townhouse
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Handicap Accessible: None
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: 3 Story or More, End Unit
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Attic: Access Only
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Terrazzo, Wood
  • Heated Sq Ft: 2400 - 2599
  • Interior Amenities: 9Ft+ Ceilings, Skylights, Whirlpool, Walk-in Shower, Smoke Detectors, Foyer, Pantry, Mud Room, Blinds/Shades, Ceiling Fan(s), Ceiling - Vaulted, Ceiling - Trey
  • Laundry Location: Hookup - Dryer, Room, Hookup - Washer
  • List Price per Sq Ft: 149.96
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Bedrooms: 4
  • Number Rooms: 9
  • Bedroom 1 Level: Third
  • Bedroom 2 Level: Second
  • Bedroom 4 Level: First
  • Dining Room Level: Second
  • Kitchen Level: Second
  • Living Room Level: Second
  • Primary Bedroom Level: Third
  • Office Level: First
  • Sq Ft Heated: 2594.00
  • Total Heated Primary Separate Sq Ft: 2594.00

Exterior Features

  • Exterior Features: DP50 Windows, Security Lighting, Thermal Windows, Thermal Doors
  • Exterior Finish: Fiber Cement
  • Fencing: Vinyl, Wood
  • Foundation: Slab
  • On Site Pool Spa: None
  • Porch Balcony Deck: Balcony, Patio, Screened, Porch, Covered, Deck
  • Road Type Frontage: Maintained, Public (City/Cty/St), Private, Paved
  • Roof: Metal
  • Waterfront: No

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Garage And Parking Driveway Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: Assigned, Paved

Utilities

  • Appliances Equipment: Convection Oven, Stove/Oven - Electric, Washer, Vent Hood, Refrigerator, Dryer, Disposal, Dishwasher, Cooktop - Electric
  • Cooling System: Attic Fans, Zoned, Central
  • Fuel Tank: None
  • Heating System: Heat Pump, Zoned, Hot Water
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: City/Town
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Maint - Comm Areas, Pest Control, Termite Bond, Taxes, Street Lights, Master Insure, Maint - Roads, Maint - Grounds
  • HOAAssociationFee1Year: 3000.00

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 328.00
  • Lot Acres: 0.04
  • Lot Description: Corner Lot
  • Lot Dimensions: Footprint
  • Lot Number: 1
  • Lot Sq Ft: 1742.00
  • Lot Water Features: Second Row, Waterfront Comm
  • Plat Book: 53
  • Plat Page: 328
  • Special Assessments: None Known
  • Zoning: CB
  • Lot View Type: Canal View

Green Features

  • Green Bldg Certify: Energy Star Home
  • Green Bldg Features: Drought Res Landscape, Solar Pass Heat, LED Lighting, Radiant Heat Floors, Passive Solar, Energy Star Appl

Tax Info

  • Tax Identifier: R08806-002-029-000
  • Tax Year: 2019

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2020
Closed on
Feb 25, 2021
Sold by
Rapuzzi Donald James and Rapuzzi Melanie Mccann
Bought by
Zimmerman Adrienne and Zimmerman Elliot Gene
Seller's Agent
Blanche Chisum
Tranzon Key
Buyer's Agent
Chris Lopata
Sea Glass Wilmington
List Price
$435,000
Sold Price
$389,000
Premium/Discount to List
-$46,000
-10.57%
Current Estimated Value
$695,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,214
Avg. Annual Appreciation
14.05%
Original Mortgage
$311,200
Outstanding Balance
$279,602
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$424,986

Purchase Details

Closed on
Nov 23, 2010
Sold by
Lee Sherman and Lee Allison
Bought by
Rapuzzi Donald James and Rapuzzi Melanie Mccann
Source: Public Records

Range of Values:

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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
Zimmerman Adrienne $389,000 None Available
Rapuzzi Donald James $389,000 None Listed On Document
Zimmerman Adrienne $389,000 None Available
Rapuzzi Donald James $389,000 None Listed On Document
Rapuzzi Donald James $370,000 Us Title Corp
Rapuzzi Donald James $370,000 Us Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rapuzzi Donald James $311,200
Closed Rapuzzi Donald James $311,200
Closed Zimmerman Adrienne Deanna $311,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2021 02/19/21 Sold $389,000 -10.6% $150 / Sq Ft
12/22/2020 12/22/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $435,000 0.0% $168 / Sq Ft
06/09/2019 06/09/19 Rented $2,850 -5.0% --
06/09/2019 06/09/19 For Rent $3,000 -- --
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
2024 $2,939 $429,000 $100,000 $329,000
2023 $2,939 $429,000 $100,000 $329,000
2022 $2,874 $429,000 $100,000 $329,000
2021 $2,960 $429,000 $100,000 $329,000
2020 $2,664 $333,000 $125,600 $207,400
2019 $2,664 $333,000 $125,600 $207,400
2018 $2,597 $333,000 $125,600 $207,400
2017 $2,647 $333,000 $125,600 $207,400
2016 $3,118 $363,400 $125,600 $237,800
2015 $2,940 $363,400 $125,600 $237,800
2014 $2,867 $363,400 $125,600 $237,800
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Blanche Chisum

    Tranzon Key

    (910) 297-5141

    1 in this area

    6 Total Sales

    Blanche Chisum
    Section Image
  • Chris Lopata

    Buyer's Agent in 2021

    Chris Lopata

    Sea Glass Wilmington

    (910) 685-5855

    2 in this area

    63 Total Sales

    Chris Lopata
    Section Image
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Map

Source: Hive MLS

MLS Number: 100222719

Hive MLS

APN: R08806-002-029-000

North Carolina New Hanover County Carolina Beach 28428

518 Spencer Farlow Dr Unit 1, Carolina Beach, NC

This home is located at 518 Spencer Farlow Dr Unit 1, Carolina Beach, NC 28428 since 16 July 2020 and is currently estimated at $695,214, approximately $268 per square foot. This property was built in 2008. 518 Spencer Farlow Dr Unit 1 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.

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