NOT LISTED FOR SALE

518 Spencer Farlow Dr Unit 6 Carolina Beach, NC 28428

Estimated Value: $791,000 - $893,000

3 Beds
4 Baths
3,085 Sq Ft
$272/Sq Ft Est. Value

Last Sold July 14, 2021

Last sale price $600,000 $194 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $5,354/month

1 Day on Market

Highlights

  • Waterfront
  • Intracoastal View
  • Wood Flooring
  • Carolina Beach Elementary School Rated A-
  • Deck
  • Whirlpool Bathtub

About This Home

As of July 2021

Love to watch the boats go by? You will be in heaven here! Gorgeous waterfront views of Snow's Cut from nearly every room of this spacious 3-level townhome in Island Walk, a front-row seat on the inland waterway! Also perfectly located for land-based activities, just over the bridge in Carolina Beach, walking distance to marinas, boat ramp, state park, shopping & convenient to everything Pleasure Island has to offer. Home is elevator ready, with fully studded shaft fitted with electrical & phone lines. The open living/kitchen/dining/sitting area is perfect for entertaining, with a cozy gas fireplace & surround sound throughout the house & decks. Kitchen has granite countertops, upgraded cherry cabinets, bar seating, pantry & built-in wine rack. Gorgeous wood floors are hickory, stairs are maple with custom-made wrought-iron rails, custom tile in bathrooms. One guest bedroom on main floor with full custom-tiled bath, 2nd one on the top floor with the master suite. Master includes sunroom & walk-in closet, bath with beautiful custom tiled Jacuzzi tub & large walk-in shower with twin heads, the laundry room is just off the hall. Ground floor office has full custom-tiled bath, perfect for after-beach clean-up. 3-car garage includes work sink, climate-controlled storage that could easily become another bedroom. The Island Greenway is just out the back door for easy, fun access across the island. Island Walk homes rarely come on the market - schedule your showing today and come see why!

Last Agent to Sell the Property

Mary Kaye Hester

Nest Realty License #226738 Listed on: 05/14/2021

Nest Realty

Last Buyer's Agent

Brown-Weiss Team

Coldwell Banker Sea Coast Advantage-CB

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,724

Year Built

  • Built in 2005

Lot Details

  • 871 Sq Ft Lot

HOA Fees

  • $495 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,085 Sq Ft Home
  • 3-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Combination Dining and Living Room
  • Intracoastal Views
  • Termite Clearance

Kitchen

  • Stove
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Attic

  • Attic Access Panel
  • Partially Finished Attic

Parking

  • 3 Car Attached Garage
  • Assigned Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heating Available
  • Propane
  • Water Softener
  • Fuel Tank

Listing and Financial Details

  • Assessor Parcel Number R08806-002-018-000

Community Details

Overview

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

Recreation

  • Waterfront

Security

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

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,724

Year Built

Built in 2005

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
  • New Construction: No
  • Stories: 3.0
  • Stories Levels: 3 Story or More
  • Year Built: 2005
  • Road Frontage Type: ICW Front
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Attic: Access Only, Floored - Partial
  • Dining Room Type: Combination
  • Fireplace: 1
  • Flooring: Tile, Wood
  • Heated Sq Ft: 3000 - 3499
  • Interior Amenities: 9Ft+ Ceilings, Smoke Detectors, Whirlpool, Walk-In Closet, Walk-in Shower, Gas Logs, Pantry, Ceiling Fan(s), Blinds/Shades
  • Laundry Location: Room
  • List Price per Sq Ft: 190.92
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Bedrooms: 3
  • Number Rooms: 9
  • Sq Ft Heated: 3085.00
  • Total Heated Primary Separate Sq Ft: 3085.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Fiber Cement
  • Fencing: None
  • Foundation: Slab
  • Porch Balcony Deck: Covered, Patio, Deck
  • Road Type Frontage: Paved
  • Roof: Metal
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Attached Garage Spaces: 3.00
  • Garage And Parking Driveway Spaces: 2.00
  • Total Garage Spaces: 3.00
  • Parking Driveway: Assigned

Utilities

  • Appliances Equipment: Dishwasher, Stove/Oven - Electric, Water Softener, Washer, Refrigerator, Microwave - Built-In, Ice Maker, Dryer, Disposal
  • Cooling System: Central
  • Fuel Tank: Propane Buried
  • Fuel Tank Ownership: Owned
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Maint - Comm Areas, Termite Bond, Master Insure, Management, Maintenance Structure, Maint - Roads
  • HOAAssociationFee1Year: 5940.00

Lot Info

  • Deed Page: 2410.00
  • Lot Acres: 0.02
  • Lot Sq Ft: 871.00
  • Lot Water Features: Waterfront Comm
  • Zoning: R1
  • Lot View Type: ICW View, Water View

Tax Info

  • Tax Identifier: R08806-002-018-000
  • Tax Year: 2017
  • Total Real Estate Property Taxes: 2724.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2023
Sold by
Moaba Joseph E and Moaba Diane C
Bought by
Moaba Revocable Trust and Moaba
Current Estimated Value
$837,785

Purchase Details

Listed on
May 14, 2021
Closed on
Jul 14, 2021
Sold by
Crum Aileen L and Hurmence Mark E
Bought by
Moaba Joseph E and Moaba Diane C
Seller's Agent
Mary Kaye Hester
Nest Realty
Buyer's Agent
Brown-Weiss Team
Coldwell Banker Sea Coast Advantage-CB
List Price
$589,000
Sold Price
$600,000
Premium/Discount to List
$11,000
1.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%
Original Mortgage
$220,000
Interest Rate
2.9%
Mortgage Type
New Conventional

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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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
Moaba Revocable Trust -- None Listed On Document
Moaba Joseph E $600,000 None Available
Pinnacle Development Corp Inc $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moaba Joseph E $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2021 07/14/21 Sold $600,000 +1.9% $194 / Sq Ft
05/15/2021 05/15/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $589,000 -- $191 / 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 $3,522 $514,100 $175,000 $339,100
2022 $3,452 $515,200 $175,000 $340,200
2021 $3,555 $515,200 $175,000 $340,200
2020 $2,724 $340,500 $125,600 $214,900
2019 $2,724 $340,500 $125,600 $214,900
2018 $2,656 $340,500 $125,600 $214,900
2017 $2,707 $340,500 $125,600 $214,900
2016 $3,201 $373,100 $125,600 $247,500
2015 $3,018 $373,100 $125,600 $247,500
2014 $2,944 $373,100 $125,600 $247,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100271511

Hive MLS

APN: R08806-002-018-000