NOT LISTED FOR SALE

518 Spencer Farlow Dr Unit 2 Carolina Beach, NC 28428

Estimated Value: $671,000 - $796,000

3 Beds
4 Baths
2,559 Sq Ft
$286/Sq Ft Est. Value

Last Sold February 22, 2017

Last sale price $302,500 $118 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $4,483/month

255 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Corner Lot
  • Carolina Beach Elementary School Rated A-
  • End Unit
  • Mud Room

About This Home

As of February 2017

Fabulous townhome in a very convenient location close to the public boat ramp, greenway path, Carolina Beach State Park, beach, shopping and restaurants. This home features an open floor plan with lots of windows providing an abundance of natural light. The kitchen has plenty counter/bar space perfect for entertaining. There are 3 bedrooms with en suite baths. The master bedroom suite has a large walk in closet, private balcony and a sunroom that could be used for enjoying your morning coffee, yoga or to use as a home gym. This home also features hardwood floors throughout the main living areas, granite counter tops, deck off of the living room and dining area, office and craft area, elevator shaft, lots of storage and a 2 car garage. The hardwood floors have just been refinished.

Last Agent to Sell the Property

Shawndy Linquist

Coastwalk Real Estate, LLC License #223489 Listed on: 05/06/2016

Co-Listed By

Jessica Keenan

Coastwalk Real Estate, LLC

Last Buyer's Agent

A Non Member

A Non Member

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,939

Year Built

  • Built in 2005

Lot Details

  • 1,742 Sq Ft Lot
  • End Unit

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Stick Built Home
  • Composite Building Materials

Interior Spaces

  • 2,559 Sq Ft Home
  • 3-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Blinds
  • Mud Room
  • Combination Dining and Living Room
  • Home Office
  • Termite Clearance

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

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

Outdoor Features

  • Balcony
  • Deck
  • Patio

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R08806-002-002-000

Community Details

Overview

  • 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

$2,939

Year Built

Built in 2005

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
  • New Construction: No
  • Stories: 3.0
  • Stories Levels: 3 Story or More, End Unit
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Tile, Wood
  • Heated Sq Ft: 2400 - 2599
  • Interior Amenities: 9Ft+ Ceilings, Smoke Detectors, Wash/Dry Connect, Walk-In Closet, Walk-in Shower, Mud Room, Pantry, Blinds/Shades, Ceiling Fan(s)
  • Laundry Location: Room
  • List Price per Sq Ft: 121.49
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Bedrooms: 3
  • Number Rooms: 9
  • Bedroom 1 Level: Third
  • Bedroom 2 Level: Second
  • Dining Room Level: Second
  • Kitchen Level: Second
  • Living Room Level: Second
  • Primary Bedroom Level: Third
  • Office Level: First
  • Other Level: First
  • Sq Ft Heated: 2559.00
  • Total Heated Primary Separate Sq Ft: 2559.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Composition
  • Fencing: None
  • Foundation: Slab
  • On Site Pool Spa: None
  • Porch Balcony Deck: Balcony, Patio, Deck
  • Road Type Frontage: 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: On Site, Paved

Utilities

  • Appliances Equipment: Dishwasher, Stove/Oven - Electric, Refrigerator, Microwave - Built-In, Disposal
  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: 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, No Amenities, Termite Bond, Taxes, Management, Maintenance Structure, Maint - Grounds
  • HOAAssociationFee1Year: 3000.00

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 1308.00
  • Lot Acres: 0.04
  • Lot Description: Corner Lot
  • Lot Dimensions: Footprint
  • Lot Sq Ft: 1742.00
  • Lot Water Features: None
  • Plat Book: 53
  • Plat Page: 328
  • Zoning: R-1

Tax Info

  • Tax Identifier: R08806-002-002-000
  • Tax Year: 2015

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2016
Closed on
Feb 18, 2017
Sold by
Lee Sherman and Lee Allison
Bought by
Braren Wayne M and Braren Amy D
Seller's Agent
Shawndy Linquist
Coastwalk Real Estate, LLC
Buyer's Agent
A Non Member
A Non Member
List Price
$330,000
Sold Price
$302,500
Premium/Discount to List
-$27,500
-8.33%
Current Estimated Value
$731,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,464
Avg. Annual Appreciation
10.92%
Original Mortgage
$272,250
Outstanding Balance
$230,268
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$500,365

Purchase Details

Closed on
Dec 28, 2009
Sold by
Tri Coast Properties Llc
Bought by
Lee Sherman and Lee Allison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,625
Interest Rate
4.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2009
Sold by
Tri Coast Properties Llc
Bought by
Lee Sherman and Lee Allison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
5.04%
Mortgage Type
New Conventional

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
Apr 23, 2008
Sold by
Pinnacle Development Corp Inc
Bought by
Island Walk At Snows Cut Homeowners Assn

Purchase Details

Closed on
Jan 10, 2007
Sold by
Pinnacle Development Corp Inc
Bought by
Barber Dennis E and Barber Katharina J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,200
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 2005
Sold by
Pinnacle Development Corp Inc
Bought by
Crum Aileen L

Purchase Details

Closed on
Nov 2, 2005
Sold by
Pinnacle Development Corp Inc
Bought by
Deforest Henry R and Deforest Ezradale E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$474,500
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 9, 2005
Sold by
Pinnacle Development Corp Inc
Bought by
Kourie Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$474,500
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2005
Sold by
Pinnacle Development Corp Inc
Bought by
Cockman Dawn S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$474,500
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2005
Sold by
Pinnacle Development Corp Inc
Bought by
Stallings Albert C and Stallings Sandra S

Purchase Details

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

Purchase Details

Closed on
Dec 28, 1995
Sold by
Bennett Sr Hobson C
Bought by
Bennett Hobson C

Purchase Details

Closed on
May 20, 1993
Sold by
Moore Pauline C
Bought by
Bennett Hobson C

Purchase Details

Closed on
Feb 1, 1966
Bought by
Moore Judson Pauline
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
Braren Wayne M $302,500 None Available
Lee Sherman $395,500 None Available
Lee Sherman $385,000 None Available
Tri Coast Properties Llc -- None Available
Gulf Stream Foods Of North Carolina Inc $550,000 None Available
Pinnacle Development Corporation Inc -- None Available
Barber Dennis E $379,000 None Available
Crum Aileen L $568,000 None Available
Deforest Henry R $580,500 None Available
Kourie Douglas $480,500 None Available
Cockman Dawn S $450,000 None Available
Stallings Albert C $557,500 None Available
Pinnacle Development Corp Inc $1,100,000 --
Bennett Hobson C -- --
Bennett Hobson C $105,000 --
Moore Judson Pauline -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Braren Wayne M $272,250
Previous Owner Lee Sherman $296,625
Previous Owner Lee Sherman $308,000
Previous Owner Tri Coast Properties Llc $3,120,000
Previous Owner Barber Dennis E $105,000
Previous Owner Barber Dennis E $303,200
Previous Owner Pinnacle Development Corp Inc $5,100,000
Previous Owner Crum Aileen L $100,000
Previous Owner Kourie Douglas $474,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2017 02/22/17 Sold $302,500 -8.3% $118 / Sq Ft
01/16/2017 01/16/17 Pending -- -- --
05/06/2016 05/06/16 For Sale $330,000 -- $129 / 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 $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 $3,124 $364,100 $125,600 $238,500
2015 $2,946 $364,100 $125,600 $238,500
2014 $2,873 $364,100 $125,600 $238,500
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Shawndy Linquist

    Coastwalk Real Estate, LLC

  • J

    Seller Co-Listing Agent in 2017

    Jessica Keenan

    Coastwalk Real Estate, LLC

  • A

    Buyer's Agent in 2017

    A Non Member

    A Non Member

See All Agents

Map

Source: Hive MLS

MLS Number: 100011554

Hive MLS

APN: R08806-002-002-000

North Carolina New Hanover County Carolina Beach 28428

518 Spencer Farlow Dr Unit 2, Carolina Beach, NC

This home is located at 518 Spencer Farlow Dr Unit 2, Carolina Beach, NC 28428 since 06 May 2016 and is currently estimated at $731,964, approximately $286 per square foot. This property was built in 2005. 518 Spencer Farlow Dr Unit 2 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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