$95,000
SOLD JUN 3, 2016

5251 Old Myrtle Grove Rd Wilmington, NC 28409

0.33 Acre
$287,879 Price per Acre
14,375 Sq Ft Lot

Recently Sold

62% Below List Price

106 Days on Market

Highlights

  • Water Access
  • Heyward C. Bellamy Elementary School Rated A-
  • No HOA

About This Lot

As of September 2019

Incredible find in this spectacular homesite located off of Masonboro Loop Road with deeded water rights! One of the last of it's kind, hidden on a sandy, shandy lane offering mature shrubs, great trees & high elevation. Bring your builder! Possible views from 2nd & 3rd floors. And don't forget your fishing pole, paddle board and kayaks. Just steps to the ICWW, and the marsh which is a paradise for standing birds, ducks, & deer. NO HOA. Water and sewer in place. Beautiful custom style homes surround this lot which backs up to Masonboro Harbor. Mobile home on the property can be moved-Income $895/month.BEST LOCATION IN TOWN~ WATER RIGHTS~

Last Agent to Sell the Property

Mary Price

Living Seaside Realty Group License #189948 Listed on: 01/10/2016

Last Buyer's Agent

Mary Price

Living Seaside Realty Group License #189948 Listed on: 01/10/2016

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $486

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 125x117x128x115
  • Property fronts a private road
  • Property fronts an alley
  • Cleared Lot
  • Property is zoned R-15

Schools

  • Masonboro Elementary School
  • Myrtle Grove Middle School
  • Ashley High School

Utilities

  • Propane
  • Fuel Tank

Listing and Financial Details

  • Assessor Parcel Number R07612003022000

Community Details

Overview

  • No Home Owners Association
  • Arcadia Subdivision

Recreation

  • Water Access

Property Details

Property Type

Land

Est. Annual Taxes

$486

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Type Frontage: Alley, Private
  • Waterfront: No
  • Waterview: No
  • Total Road Frontage: 125

Utilities

  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Owned
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Utilities: Municipal Sewer, Municipal Water

Association/Amenities

  • HOA: No

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 3773
  • Deed Page: 618.00
  • Lot Dimensions: 125X117X128X115
  • Lot Sq Ft: 14375.00
  • Lot Water Features: Water Access Comm
  • Plat Book: 00
  • Plat Page: 00
  • Zoning: R-15
  • Acres: 0.33
  • Deed Restriction: No
  • Environmental Hazard: No
  • Flood Zone: No
  • List Price per Acre: 512121.21
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared

Tax Info

  • Tax Identifier: R07612003022000
  • Tax Year: 2013
  • Total City Real Estate Property Tax: 485.58
  • Total Real Estate Property Taxes: 485.58

MLS Schools

  • Elementary School: Masonboro
  • High School: Ashley
  • Middle School: Myrtle Grove
  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2018
Closed on
Sep 12, 2019
Sold by
Lynrich Associates Llc
Bought by
Cantrelle Andrew and Cantrelle Emily
Seller's Agent
Mary Price
Living Seaside Realty Group
Buyer's Agent
Brett Knowles
Coldwell Banker Sea Coast Advantage
List Price
$160,000
Sold Price
$115,000
Premium/Discount to List
-$45,000
-28.12%
Current Estimated Value
$582,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$467,088
Avg. Annual Appreciation
30.80%
Original Mortgage
$86,250
Outstanding Balance
$75,703
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$506,385

Purchase Details

Listed on
Jan 10, 2016
Closed on
Jun 3, 2016
Sold by
Filiberti Gregory P and Filiberti Margaret A
Bought by
Lynrich Associates Llc
Seller's Agent
Mary Price
Living Seaside Realty Group
Buyer's Agent
Mary Price
Living Seaside Realty Group
List Price
$249,000
Sold Price
$95,000
Premium/Discount to List
-$154,000
-61.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%

Purchase Details

Closed on
May 5, 2003
Sold by
King Joyce Glen
Bought by
Filiberti Gregory P Margaret A

Purchase Details

Closed on
Oct 31, 2002
Sold by
King Joe Earl
Bought by
King Joyce Glen

Purchase Details

Closed on
Jul 31, 1973
Sold by
Cullins Jacob P Vivian Wood
Bought by
King Joe Earl Joyce Glen
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 Type Sale Price Title Company
Warranty Deed $115,000 None Available
Warranty Deed $95,000 None Available
Deed $150,000 --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $86,250 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2019 09/18/19 Sold $115,000 -28.1% --
08/08/2019 08/08/19 Pending -- -- --
06/26/2018 06/26/18 For Sale $160,000 +68.4% --
06/03/2016 06/03/16 Sold $95,000 -61.8% --
04/25/2016 04/25/16 Pending -- -- --
01/10/2016 01/10/16 For Sale $249,000 -- --
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
2023 $1,910 $131,300 $131,100 $200
2022 $693 $131,300 $131,100 $200
2021 $0 $131,300 $131,100 $200
2020 $406 $64,200 $64,000 $200
2019 $406 $64,200 $64,000 $200
2018 $406 $64,200 $64,000 $200
2017 $416 $64,200 $64,000 $200
2016 $523 $75,400 $64,000 $11,400
2015 $486 $75,400 $64,000 $11,400
2014 $477 $75,400 $64,000 $11,400
Source: Public Records

Agents Affiliated with this Home

  • Mary Price

    Seller's Agent in 2019

    Mary Price

    Living Seaside Realty Group

    (910) 239-3201

    29 Total Sales

    Mary Price
    Section Image
  • Brett Knowles

    Buyer's Agent in 2019

    Brett Knowles

    Coldwell Banker Sea Coast Advantage

    (910) 279-3000

    3 in this area

    148 Total Sales

    Brett Knowles
    Section Image
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Map

Source: Hive MLS

MLS Number: 30532087

Hive MLS

APN: R07612-003-022-000

North Carolina New Hanover County Wilmington 28409

5251 Old Myrtle Grove Rd, Wilmington, NC

This home is located at 5251 Old Myrtle Grove Rd, Wilmington, NC 28409 and is currently priced at $95,000. 5251 Old Myrtle Grove Rd is a home located in New Hanover County with nearby schools including Heyward C. Bellamy Elementary School, Myrtle Grove Middle School, and Eugene Ashley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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