NOT LISTED FOR SALE

5208 Driftwood Ln Morehead City, NC 28557

Estimated Value: $1,750,000 - $2,650,000

0.44 Acre
$5,134,993 Price per Acre
19,166 Sq Ft Lot

Last Sold August 31, 2020

Last sale price $445,000

Est. 408% increase in value since last sale

Current estimated payment $12,827/month

135 Days on Market

Highlights

  • 131 Feet of Waterfront
  • Boat Dock
  • Gated Community
  • Morehead City Primary School Rated A-
  • Deep Water Access
  • Canal View

About This Lot

As of August 2020

Canal Front Building Lot in the Prestigious Gated Community of Spooners Creek South! Enjoy Convenient ICW/Bogue Sound Access from this Gorgeous Location. Protected Deep Water Lot with Bulkhead In Place, Private Boat Dock with TWO Boat Lifts (16,000 lb. and 10,000 lb.). Build Your Coastal Dream Home in this Desirable Location! Not in a Flood Zone. Centrally Located to Shopping, Schools, Restaurants, Grocery and More.

Last Agent to Sell the Property

Alicia Nelson

Al Williams Properties License #244490 Listed on: 03/09/2020

Co-Listed By

Al Williams

Al Williams Properties License #33361

Last Buyer's Agent

Alicia Nelson

Coldwell Banker Sea Coast AB License #244490

Coldwell Banker Sea Coast AB

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,825

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 129x154x131x141
  • 131 Feet of Waterfront
  • Home fronts a canal
  • Property fronts a private road
  • Level Lot
  • Cleared Lot

HOA Fees

  • $63 Monthly HOA Fees

Property Views

  • Canal Views

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 636613037172000

Community Details

Overview

  • Spooners Creek S Subdivision
  • Maintained Community
  • The community has rules related to deed restrictions

Recreation

  • Boat Dock
  • Deep Water Access

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$2,825

Lot Details

0

HOA Fees

$63 per month

Listing Details

  • Property Type: Land
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Road Frontage Type: Canal Front
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Type Frontage: Paved, Private
  • Waterfront: Yes
  • Waterview: Yes
  • Total Road Frontage: 129
  • Water Frontage: 131.00

Utilities

  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Utilities: Municipal Sewer Available, Municipal Water Available

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Gated, Street Lights, Taxes, Maint - Roads, Maint - Comm Areas
  • HOAAssociationFee1Year: 750.00

Lot Info

  • Deed Page: 118.00
  • Lot Description: Subdivision, Water Depth 4+
  • Lot Dimensions: 129x154x131x141
  • Lot Number: 4
  • Lot Sq Ft: 19079.00
  • Lot Water Features: Boat Dock, Waterfront Comm, Water Depth 4+
  • Plat Book: 29
  • Plat Page: 188
  • Zoning: Residential
  • Acres: 0.44
  • Deed Restriction: Yes
  • Environmental Hazard: No
  • List Price per Acre: 1068181.82
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared, Level
  • Lot Number2: 4
  • Lot View Type: Canal View, Water View

Tax Info

  • Tax Identifier: 636613037172000
  • Tax Year: 2019
  • Total City Real Estate Property Tax: 1555.58
  • Total Real Estate Property Taxes: 2825.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2020
Closed on
Aug 12, 2020
Sold by
Narron Christopher O and Narron Brooke G
Bought by
Kosterman Michael and Kosterman Melanie
Seller's Agent
Alicia Nelson
Al Williams Properties
Buyer's Agent
Alicia Nelson
Coldwell Banker Sea Coast AB
List Price
$470,000
Sold Price
$445,000
Premium/Discount to List
-$25,000
-5.32%
Current Estimated Value
$2,259,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,814,397
Avg. Annual Appreciation
37.01%

Purchase Details

Listed on
Mar 3, 2016
Closed on
Sep 27, 2017
Sold by
Anderson Michael B and Anderson Debra B
Bought by
Narron Christopher O and Narron Brooke G
Buyer's Agent
The Star Team
Bluewater Real Estate AB
List Price
$499,900
Sold Price
$400,000
Premium/Discount to List
-$99,900
-19.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.73%
Original Mortgage
$300,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2002

Purchase Details

Closed on
Dec 12, 2001
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kosterman Michael $445,000 None Available
Narron Christopher O $400,000 None Available
-- $235,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Narron Christopher O $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2020 08/31/20 Sold $445,000 -5.3% --
07/22/2020 07/22/20 Pending -- -- --
03/09/2020 03/09/20 For Sale $470,000 +17.5% --
10/03/2017 10/03/17 Sold $400,000 -20.0% -- View Prior Sale
08/16/2017 08/16/17 Pending -- -- --
03/03/2016 03/03/16 For Sale $499,900 +19.0% --
02/28/2014 02/28/14 Sold $420,000 -8.7% -- View Prior Sale
01/27/2014 01/27/14 Pending -- -- --
04/09/2013 04/09/13 For Sale $460,000 -- --
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
2025 $11,260 $1,966,863 $1,029,300 $937,563
2024 $6,332 $831,192 $369,027 $462,165
2023 $2,712 $831,192 $369,027 $462,165
2022 $2,632 $793,165 $369,027 $424,138
2021 $0 $410,184 $369,027 $41,157
2020 $1,369 $410,184 $369,027 $41,157
2019 $1,284 $409,364 $369,027 $40,337
2017 $1,284 $409,364 $369,027 $40,337
2016 $1,284 $409,364 $369,027 $40,337
2015 $1,243 $409,364 $369,027 $40,337
2014 $892 $292,374 $256,258 $36,116
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Alicia Nelson

    Al Williams Properties

  • Al Williams

    Seller Co-Listing Agent in 2020

    Al Williams

    Al Williams Properties

    (252) 725-7185

    5 in this area

    22 Total Sales

    Al Williams
    Section Image

  • T

    Buyer's Agent in 2017

    The Star Team

    Bluewater Real Estate AB

  • H

    Seller's Agent in 2014

    Holland Shepard Group

    Realty World First Coast Realty Beaufort

See All Agents

Map

Source: Hive MLS

MLS Number: 100208406

Hive MLS

APN: 6366.13.03.7172000

North Carolina Carteret County Morehead City 28557

5208 Driftwood Ln, Morehead City, NC

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