NOT LISTED FOR SALE

518 Spencer Farlow Dr Unit 10 Carolina Beach, NC 28428

Estimated Value: $675,000 - $782,000

3 Beds
4 Baths
2,680 Sq Ft
$271/Sq Ft Est. Value

Last Sold February 16, 2022

Last sale price $535,000 $200 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,692/month

94 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Covered Patio or Porch
  • Carolina Beach Elementary School Rated A-
  • Home Office
  • Cul-De-Sac

About This Home

As of February 2022

Welcome to island life with this incredible beach townhome located along Snow's Cut in Carolina Beach. With 2,680 square feet, this 4 bedroom, 4 full bathroom home with an elevator shaft excels all your work and play needs and offers easy access to the public boat ramp and multiple marinas. This home is calling you to the sea! The ground floor features a sitting area, an office or 4th bedroom, and full bathroom. Upstairs, maple floors enhance the open floor layout and a large L-shaped island provides additional seating overlooking the living rooms. The premier kitchen highlights tongue and groove solid wood maple cabinets, granite countertops, a lazy susan, soft-close drawers, and a pantry. Step off the kitchen to sip on your morning cup of coffee as you listen to the boats cruise by on your back porch. A second bedroom with a built-in bench and full bathroom complete the main floor. On the top floor, your impressive master suite boasts a large walk-in closet, jetted corner tub, and dual vanities. Unwind in the evenings under the stars on your private access to the third-level back deck. This home has excellent deck space on each level for all to enjoy. The laundry room, conveniently located near the master suite, the final bedroom, and en suite bathroom complete the top floor. Outside, enjoy an afternoon of grilling out on your covered patio relaxing under the shade of the surrounding landscape or take a short bike ride to Carolina Beach to dip your toes in the ocean. Other highlights include a new 2020 HVAC for the top floor and an elevator shaft, making it easy to add one later. Just a short golf cart ride to downtown Carolina Beach, several trails at Carolina Beach State Park, and numerous dining and shopping options. Short term rentals are not allowed in this neighborhood, so you can enjoy the peacefulness of knowing your neighbors. This beach home has it all! Call today to make it yours!

Last Agent to Sell the Property

Jeff Lesley

Berkshire Hathaway HomeServices Carolina Premier Properties Listed on: 10/19/2021

Last Buyer's Agent

Chelsy Mcneil

Keller Williams Innovate-Wilmington

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,608

Year Built

  • Built in 2006

Lot Details

  • 871 Sq Ft Lot
  • Property fronts a private road
  • Cul-De-Sac

HOA Fees

  • $495 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 2,680 Sq Ft Home
  • 3-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Combination Dining and Living Room
  • Home Office
  • Attic Access Panel
  • Pest Guard System

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • 2 Car Attached Garage
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R08806-002-021-000

Community Details

Overview

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

Security

  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,608

Year Built

Built in 2006

Lot Details

0

HOA Fees

$495 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: 3.0
  • Stories Levels: 3 Story or More
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Attic: Access Only
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Tile, Wood
  • Heated Sq Ft: 2600 - 2799
  • Interior Amenities: 9Ft+ Ceilings, Smoke Detectors, Walk-In Closet, Walk-in Shower, Pantry, Foyer, Ceiling Fan(s), Blinds/Shades
  • Laundry Location: Hookup - Dryer, Room, Hookup - Washer
  • List Price per Sq Ft: 205.19
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Bedrooms: 3
  • Number Rooms: 8
  • Bedroom 1 Level: Third
  • Bedroom 2 Level: Second
  • Dining Room Level: Second
  • Kitchen Level: Second
  • Laundry Level: Third
  • Living Room Level: Second
  • Primary Bedroom Level: Third
  • Office Level: First
  • Other Level: First
  • Sq Ft Heated: 2680.00
  • Total Heated Primary Separate Sq Ft: 2680.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Fiber Cement
  • Fencing: None
  • Foundation: Slab
  • On Site Pool Spa: None
  • Porch Balcony Deck: Covered, Patio, Open, Deck
  • Road Type Frontage: Maintained, Private, Paved
  • Roof: Metal
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Garage And Parking Driveway Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: Off Street, Paved, On Site

Utilities

  • Appliances Equipment: Dishwasher, Stove/Oven - Electric, Microwave - Built-In
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Forced Air, Heat Pump
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water 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, Trash, Street Lights, Master Insure, Management, Maint - Grounds
  • HOAAssociationFee1Year: 5940.00

Lot Info

  • Deed Page: 696.00
  • Lot Acres: 0.02
  • Lot Description: Cul-de-Sac Lot, Open
  • Lot Dimensions: irregular
  • Lot Sq Ft: 871.00
  • Lot Water Features: None
  • Plat Book: 48
  • Plat Page: 213
  • Special Assessments: Proposed, see agent notes
  • Zoning: R-1

Green Features

  • Green Bldg Certify: None
  • Green Bldg Features: None

Tax Info

  • Tax Identifier: R08806-002-021-000
  • Tax Year: 2020
  • Total Real Estate Property Taxes: 2608.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2021
Closed on
Feb 14, 2022
Sold by
Manning David L
Bought by
Bartlett Jennette and Bartlett Christopher
Seller's Agent
Jeff Lesley
Berkshire Hathaway HomeServices Carolina Premier Properties
Buyer's Agent
Chelsy Mcneil
Keller Williams Innovate-Wilmington
List Price
$599,500
Sold Price
$535,000
Premium/Discount to List
-$64,500
-10.76%
Current Estimated Value
$726,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,281
Avg. Annual Appreciation
9.49%
Original Mortgage
$508,250
Outstanding Balance
$476,410
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$260,427

Purchase Details

Closed on
May 1, 2013
Sold by
Chisum Blanden S and Chisum Amy C
Bought by
Manning David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
3.56%
Mortgage Type
VA

Purchase Details

Closed on
Mar 20, 2009
Sold by
Tri Coast Properties Llc
Bought by
Chisum Blanden S and Mallard David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,742
Interest Rate
5.18%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 30, 2008
Sold by
Gulf Stream Foods Of North Carolina
Bought by
Tri Coast Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,120,000
Interest Rate
5.96%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 2, 2004
Sold by
Bennett Jr Hobson C
Bought by
Pinnacle Development Corp Inc
Source: Public Records

Range of Values:

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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
Bartlett Jennette $535,000 None Listed On Document
Manning David L $297,000 None Available
Chisum Blanden S $302,000 None Available
Tri Coast Properties Llc -- None Available
Gulf Stream Foods Of North Carolina Inc $550,000 None Available
Pinnacle Development Corp Inc $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bartlett Jennette $78,000
Open Bartlett Jennette $508,250
Previous Owner Manning David L $250,332
Previous Owner Manning David L $297,000
Previous Owner Chisum Blanden S $275,742
Previous Owner Tri Coast Properties Llc $3,120,000
Previous Owner Pinnacle Development Corp Inc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2022 02/16/22 Sold $535,000 -2.7% $200 / Sq Ft
01/21/2022 01/21/22 Pending -- -- --
12/21/2021 12/21/21 Price Changed $549,900 -4.3% $205 / Sq Ft
11/24/2021 11/24/21 Price Changed $574,900 -4.1% $215 / Sq Ft
10/19/2021 10/19/21 For Sale $599,500 -- $224 / 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
2024 $2,876 $419,800 $100,000 $319,800
2023 $2,792 $419,800 $100,000 $319,800
2022 $2,813 $419,800 $100,000 $319,800
2021 $2,897 $419,800 $100,000 $319,800
2020 $2,608 $326,000 $125,600 $200,400
2019 $2,608 $326,000 $125,600 $200,400
2018 $2,543 $326,000 $125,600 $200,400
2017 $2,592 $326,000 $125,600 $200,400
2016 $3,088 $359,900 $125,600 $234,300
2015 $2,912 $359,900 $125,600 $234,300
2014 $2,840 $359,900 $125,600 $234,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100295700

Hive MLS

APN: R08806-002-021-000