NOT LISTED FOR SALE

5400 Captains Ln Wilmington, NC 28409

Estimated Value: $760,000 - $987,001

0.98 Acre
$861,224 Price per Acre
42,689 Sq Ft Lot

Last Sold November 15, 2021

Last sale price $202,100

Est. 318% increase in value since last sale

Current estimated payment $4,812/month

317 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Marina
  • 0.98 Acre Lot
  • Masonboro Elementary School Rated A
  • Boat Slip
  • Corner Lot

About This Lot

As of November 2021

This is a one of a kind lot and rare find! Corner acre lot that comes with a 24 foot boat slip and deeded water access off the Intracoastal Waterway across from Masonboro Island. This is a small neighborhood community beautifully located off the water and a unique find in Wilmington. A new floating dock has been constructed and the road has recently been repaved. No known future assessments. You can build your dream home on this property and slip off on your boat or kayak at anytime from the marina to enjoy all that coastal Carolina has to offer!

Last Agent to Sell the Property

Jennifer Davidson

Coastal Select Properties License #302274 Listed on: 05/14/2020

Last Buyer's Agent

Teresa Krebs

Coastal Select Properties License #233419

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,182

Lot Details

  • 0.98 Acre Lot
  • Property fronts a private road
  • Corner Lot
  • Level Lot
  • Cleared Lot
  • Property is zoned R15

HOA Fees

  • $130 Monthly HOA Fees

Schools

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

Utilities

  • Water Rights

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number R07120-002-001-000

Community Details

Overview

  • Masonboro Landing Subdivision
  • Maintained Community

Recreation

  • Marina
  • Deeded Waterfront Access Rights
  • Boat Slip

Property Details

Property Type

Land

Est. Annual Taxes

$3,182

Lot Details

0

HOA Fees

$130 per month

Listing Details

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

Exterior Features

  • Fencing: None
  • Road Type Frontage: Paved, Private
  • Waterfront: No
  • Waterview: No

Utilities

  • Federal Flood Ins Avlbl: No
  • Fuel Tank: None

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Maint - Comm Areas, Marina, Street Lights, Tax Comm Areas
  • HOAAssociationFee1Year: 1560.00

Lot Info

  • Deed Page: 444.00
  • Lot Description: Corner Lot, Deeded Water Rights
  • Lot Number: 1
  • Lot Sq Ft: 42689.00
  • Lot Water Features: Boat Slip, Deeded Water Access
  • Zoning: R15
  • Acres: 0.98
  • Current Use: Residential
  • Deed Restriction: No
  • Environmental Hazard: Unknown
  • List Price per Acre: 229591.84
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared, Level
  • Lot Number2: 1

Tax Info

  • Tax Identifier: R07120-002-001-000
  • Tax Year: 2019
  • Deferred Taxes: No

MLS Schools

  • Elementary School: Bellamy
  • High School: Ashley
  • Middle School: Myrtle Grove

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2020
Closed on
Nov 15, 2021
Sold by
Bellows Jeffrey R
Bought by
Lancaster Trevor R and Lancaster Jessica P
Seller's Agent
Jennifer Davidson
Coastal Select Properties
Buyer's Agent
Teresa Krebs
Coastal Select Properties
List Price
$225,000
Sold Price
$202,100
Premium/Discount to List
-$22,900
-10.18%
Current Estimated Value
$844,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$641,900
Avg. Annual Appreciation
43.60%
Original Mortgage
$151,575
Outstanding Balance
$138,931
Interest Rate
3.01%
Mortgage Type
Commercial
Estimated Equity
$705,069

Purchase Details

Closed on
Oct 25, 2012
Sold by
Bellows Jeffrey R and Bellows Kathleen E
Bought by
Bellows Jeffrey R

Purchase Details

Closed on
Jan 9, 2004
Sold by
Williamson Mark M Sherri Dunn
Bought by
Bellows Jeffrey R Kathleen E

Purchase Details

Closed on
Dec 3, 1993
Sold by
Farrar & Farrar Associates
Bought by
Williamson Mark M Sherri Dunn

Purchase Details

Closed on
Oct 1, 1985
Sold by
Farrar Jr Jack B
Bought by
Farrar & Farrar Associates

Purchase Details

Closed on
Feb 1, 1984
Bought by
Farrar Jack B
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
Lancaster Trevor R $202,500 None Available
Bellows Jeffrey R -- None Available
Bellows Jeffrey R Kathleen E $59,000 --
Williamson Mark M Sherri Dunn $30,000 --
Farrar & Farrar Associates -- --
Farrar Jack B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lancaster Trevor R $151,575
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2021 11/15/21 Sold $202,100 -10.2% --
03/27/2021 03/27/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $225,000 0.0% --
01/30/2021 01/30/21 Pending -- -- --
05/14/2020 05/14/20 For Sale $225,000 -- --
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 $3,182 $751,400 $266,400 $485,000
2023 $3,182 $372,800 $268,000 $104,800
2022 $1,743 $318,400 $268,000 $50,400
2021 $1,743 $318,400 $268,000 $50,400
2020 $1,195 $189,000 $138,600 $50,400
2019 $1,195 $189,000 $138,600 $50,400
2018 $1,195 $189,000 $138,600 $50,400
2017 $1,224 $189,000 $138,600 $50,400
2016 $1,310 $189,000 $138,600 $50,400
2015 $1,217 $189,000 $138,600 $50,400
2014 $1,196 $189,000 $138,600 $50,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jennifer Davidson

    Coastal Select Properties

  • Teresa Krebs

    Buyer's Agent in 2021

    Teresa Krebs

    Coastal Select Properties

    (910) 470-2004

    9 in this area

    117 Total Sales

    Teresa Krebs
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Map

Source: Hive MLS

MLS Number: 100217627

Hive MLS

APN: R07120-002-001-000

North Carolina New Hanover County Wilmington 28409

5400 Captains Ln, Wilmington, NC

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