NOT LISTED FOR SALE

5702 Reef Landing Way Wilmington, NC 28409

Intracoastal Waterway Neighborhood

Estimated Value: $1,004,000 - $1,306,000

5 Beds
4 Baths
2,875 Sq Ft
$409/Sq Ft Est. Value

Last Sold February 02, 2024

Last sale price $1,132,400 $394 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $6,944/month

About This Home

As of February 2024

Comps only

Last Agent to Sell the Property

A Non Member

A Non Member Listed on: 02/03/2024

Last Buyer's Agent

Christopher Spivey

Keller Williams Innovate-Wilmington License #225573

Keller Williams Innovate-Wilmington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2024
Closed on
Jan 25, 2024
Sold by
Farber Michael A and Farber Donna M
Bought by
Thomas And Nancy Lynch Trust and Lynch
Seller's Agent
A Non Member
A Non Member
Buyer's Agent
Christopher Spivey
Keller Williams Innovate-Wilmington
List Price
$1,132,400
Sold Price
$1,132,400
Current Estimated Value
$1,175,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,004
Avg. Annual Appreciation
6.41%
Original Mortgage
$962,540
Outstanding Balance
$950,226
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$282,831

Purchase Details

Listed on
Jul 19, 2019
Closed on
Jan 9, 2020
Sold by
Davis Harvey Landis and Davis Donna Mecorkle
Bought by
Farber Michael A and Farber Donna M
Seller's Agent
Tracy Lewchuk
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Christine Carr
Coldwell Banker Sea Coast Advantage
List Price
$779,000
Sold Price
$747,240
Premium/Discount to List
-$31,760
-4.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.87%
Original Mortgage
$523,068
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2016
Sold by
Logan Development Inc
Bought by
Mccrkle Davis Ii Harvey Landis and Mccrkle Davis Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.98%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Thomas And Nancy Lynch Trust $1,132,500 None Listed On Document
Farber Michael A $747,500 None Available
Mccrkle Davis Ii Harvey Landis $628,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas And Nancy Lynch Trust $962,540
Previous Owner Farber Michael A $523,068
Previous Owner Mccrkle Davis Ii Harvey Landis $417,000
Previous Owner Davis Harvey Landis $146,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2024 02/03/24 Pending -- -- --
02/03/2024 02/03/24 For Sale $1,132,400 0.0% $394 / Sq Ft
02/02/2024 02/02/24 Sold $1,132,400 +51.5% $394 / Sq Ft
01/22/2020 01/22/20 Sold $747,240 -4.1% $260 / Sq Ft
11/15/2019 11/15/19 Pending -- -- --
07/19/2019 07/19/19 For Sale $779,000 -- $271 / 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 $1,950 $736,500 $324,300 $412,200
2022 $3,932 $736,500 $324,300 $412,200
2021 $4,038 $736,500 $324,300 $412,200
2020 $3,916 $619,200 $247,500 $371,700
2019 $3,916 $619,200 $247,500 $371,700
2018 $3,916 $619,200 $247,500 $371,700
2017 $4,009 $619,200 $247,500 $371,700
2016 $3,394 $489,700 $200,000 $289,700
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    A Non Member

    A Non Member

  • Christopher Spivey

    Buyer's Agent in 2024

    Christopher Spivey

    Keller Williams Innovate-Wilmington

    (910) 777-2200

    3 in this area

    92 Total Sales

    Christopher Spivey
    Section Image
  • Tracy Lewchuk

    Seller's Agent in 2020

    Tracy Lewchuk

    Coldwell Banker Sea Coast Advantage

    (910) 232-0788

    6 in this area

    52 Total Sales

    Tracy Lewchuk
    Section Image
  • Christine Carr

    Buyer's Agent in 2020

    Christine Carr

    Coldwell Banker Sea Coast Advantage

    1 in this area

    42 Total Sales

    Christine Carr
    Section Image
See All Agents

Map

Source: Hive MLS

MLS Number: 100425653

Hive MLS

APN: R07600-003-069-000

North Carolina New Hanover County Wilmington 28409 Intracoastal Waterway

5702 Reef Landing Way, Wilmington, NC

This home is located at 5702 Reef Landing Way, Wilmington, NC 28409 since 03 February 2024 and is currently estimated at $1,175,404, approximately $408 per square foot. This property was built in 2015. 5702 Reef Landing Way 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.

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