NOT LISTED FOR SALE

5422 Cedar Tree Ln Emerald Isle, NC 28594

Estimated Value: $1,675,000 - $1,943,687

0.42 Acre
$4,312,450 Price per Acre
18,295 Sq Ft Lot

Last Sold October 16, 2018

Last sale price $347,500

Est. 421% increase in value since last sale

Current estimated payment $9,962/month

898 Days on Market

Highlights

  • 75 Feet of Waterfront
  • Wooded Lot
  • No HOA
  • White Oak Elementary School Rated A-

About This Lot

As of October 2018

ONE OF A KIND - LARGE .42 ACRE WOODED RECTANGULAR SOUNDFRONT LOT OFF THE HIGHWAY & 6TH ROW TO THE OCEAN W/5BR SEPTIC PERMIT IN HAND. SPECTACULAR BOGUE SOUND VIEWS, SUNRISES & SUNSETS & ACCESS TO DEEP WATER BY BUILDING YOR OWN PIER SIMILAR TO NEXT DOOR. LESS THAN 4 MILES TO EMERALD ISLE SHOPPING & AMENITIES. NOT IN THE BOGUE FIELD FLYOVER ZONE. PERFECT FOR YOUR PRIMARY OR VACATION DREAM HOME Owner is NC Licensed Broker.

Last Agent to Sell the Property

Lorna Riggs

Bluewater Real Estate - EI License #232836 Listed on: 02/06/2016

Last Buyer's Agent

Syndie Earnhardt

Bluewater Real Estate - EI License #174192

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,653

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 75 x 239 x 76 x 252
  • 75 Feet of Waterfront
  • Home fronts a sound
  • Cleared Lot
  • Wooded Lot

Schools

  • Broad Creek Middle School
  • Croatan High School

Additional Features

  • Water Views
  • Septic Permit Issued

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 30
  • Assessor Parcel Number 6304.18.42.5118000

Property Details

Property Type

Land

Est. Annual Taxes

$1,653

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Agreement Service: Full Service
  • Agreement Type: Exclusive Right to Sell
  • Auction: No
  • Cobra Zone: No
  • Deed Book: 1110
  • Deed Page: 158.00
  • Directions To Property: Emerald Dr East to Cedar Tree Ln. L towards Sound. Lot just west of home on corner of Cedar Tree & Sunset
  • Document Count: 1
  • Fuel Tank: None
  • High School: Croatan
  • H O A: No
  • H O Aand Neighborhood Amenities: No Amenities
  • Listing I D: 100001860
  • Location Type: Island
  • Lot Dimensions: 75 X 239 X 76 X 252
  • Lot Number: 30
  • Lot Sq Ft: 18208.00
  • Lot Water Features: Sound Side
  • Marketing City: Emerald Isle
  • Middle School: Broad Creek
  • M L S Approved: Y
  • Post Closing Seller Concessions: No
  • Prospect Exempt: No
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Secondary Subdivision: N/A
  • Sign On Property: Yes
  • State Province: NC
  • Stipulation Of Sale: None
  • Subdivision: Not In Subdivision
  • Tax Identifier: 6304.18.42.5118000
  • Tax Year: 2017
  • Terms: Cash, Conventional, See Remarks
  • Total Real Estate Property Taxes: 1653.48
  • Waterview: Yes
  • Zoning: Residential
  • Acres: 0.42
  • Buildigson Property: None
  • Current Use: Residential
  • Deed Restriction: No
  • Environmental Hazard: Unknown
  • Flood Zone: No
  • List Priceper Acre: 869047.62
  • Soil Evaluation: Soil Evaluation - Yes
  • Soil Evaluation Other: 5BR Septic Permit
  • Topography: Cleared/Partial, Wooded
  • Water Frontage: 75.00
  • Lot Number2: 30
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront: Yes

Utilities

  • Utilities: Municipal Water Available, Septic Permit on file

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2016
Closed on
Oct 10, 2018
Sold by
Riggs Ray and Riggs Lorna
Bought by
Earmhardt Cynthia Ann
Seller's Agent
Lorna Riggs
Bluewater Real Estate - EI
Buyer's Agent
Syndie Earnhardt
Bluewater Real Estate - EI
List Price
$385,000
Sold Price
$347,500
Premium/Discount to List
-$37,500
-9.74%
Current Estimated Value
$1,811,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,463,729
Avg. Annual Appreciation
25.69%

Purchase Details

Closed on
May 5, 2005
Sold by
Smith Danny and Smith Myra
Bought by
Riggs Ray and Riggs Lorna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 2005
Sold by
Robinson Paul E
Bought by
Jones Michael E and Smith Danny B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Earmhardt Cynthia Ann $347,500 None Available
Riggs Ray $675,000 None Available
Jones Michael E $475,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Michael E $475,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2018 10/16/18 Sold $347,500 -9.7% --
07/23/2018 07/23/18 Pending -- -- --
02/06/2016 02/06/16 For Sale $385,000 -- --
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 $5,999 $1,686,735 $637,358 $1,049,377
2024 $4,565 $825,189 $360,810 $464,379
2023 $4,167 $825,189 $360,810 $464,379
2022 $4,085 $825,189 $360,810 $464,379
2021 $3,982 $821,126 $360,810 $460,316
2020 $1,750 $360,810 $360,810 $0
2019 $1,102 $355,587 $355,587 $0
2017 $1,102 $355,587 $355,587 $0
2016 $1,102 $355,587 $355,587 $0
2015 $1,067 $355,587 $355,587 $0
2014 -- $315,525 $315,525 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100001860

Hive MLS

APN: 6304.18.42.5118000