NOT LISTED FOR SALE

62 Beach Rd S Wilmington, NC 28411

Figure 8 Island Neighborhood

Estimated Value: $5,983,000 - $6,505,000

4 Beds
4.5 Baths
3,093 Sq Ft
$2,004/Sq Ft Est. Value

Last Sold April 14, 2022

Last sale price $5,500,000 $1,778 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $36,074/month

2 Days on Market

Highlights

  • Ocean Front
  • Water Access
  • Deck
  • Porters Neck Elementary School Rated A-
  • Gated Community
  • Wood Flooring

About This Home

As of April 2022

Beautiful, newly remodeled home located on exclusive Figure Eight Island. This 4 bedroom 4.5 bath cottage is situated on a prime ocean front lot on the south end of the island. This home boasts a great open floor plan including 2 fireplaces and ample deck space in order to take in the gorgeous views. The remodel included a new roof, electrical wiring, plumbing, kitchen appliances, HVAC/ductwork, windows and sliders just to name a few of the upgrades. See attached specification sheet for a list of details. This beach cottage is a must see! Figure Eight Island Yacht Club Charter Membership included. Sold furnished with exclusions.

Last Agent to Sell the Property

Kirra Sutton

Figure Eight Realty License #216149 Listed on: 03/11/2022

Co-Listed By

Jo El Skipper

Figure Eight Realty License #215284

Last Buyer's Agent

Kirra Sutton

Figure Eight Realty License #216149 Listed on: 03/11/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,481

Year Built

  • Built in 1968

Lot Details

  • 0.61 Acre Lot
  • Lot Dimensions are 100x250
  • Ocean Front
  • Property fronts a private road
  • Property is zoned R-20S

HOA Fees

  • $432 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Wood Frame Construction
  • Shake Roof
  • Wood Siding
  • Concrete Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 3,093 Sq Ft Home
  • 3-Story Property
  • Elevator
  • 1 Fireplace
  • Entrance Foyer
  • Combination Dining and Living Room
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Parking

  • Driveway
  • Paved Parking

Accessible Home Design

  • Accessible Ramps

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Deck
  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • On Site Septic
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number R04516-003-011-000

Community Details

Overview

  • Figure Eight Island Subdivision
  • Maintained Community

Recreation

  • Tennis Courts

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,481

Year Built

Built in 1968

Lot Details

0

HOA Fees

$432 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Concrete, Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 3.0
  • Stories Levels: 3 Story or More
  • Year Built: 1968
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: 1
  • Flooring: Wood
  • Heated Sq Ft: 3000 - 3499
  • Interior Amenities: Elevator, Pantry, Foyer
  • Laundry Location: Room
  • List Price per Sq Ft: 1778.21
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Bedrooms: 4
  • Number Rooms: 9
  • Sq Ft Heated: 3093.00
  • Total Heated Primary Separate Sq Ft: 3093.00

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Wood Siding
  • Fencing: None
  • Foundation: Pilings
  • Porch Balcony Deck: Covered, Open, Deck
  • Road Type Frontage: Paved, Private
  • Roof: Shake
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Paved

Utilities

  • Cooling System: Central, Wall/Window Unit(s)
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Forced Air
  • Utilities: Community Water, Septic On Site
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Gated, Sidewalk, Trash, Tennis Court(s), Security, Ramp, Maint - Comm Areas
  • HOAAssociationFee1Year: 5185.00

Lot Info

  • Deed Page: 2257.00
  • Lot Acres: 0.61
  • Lot Dimensions: 100X250
  • Lot Sq Ft: 26572.00
  • Lot Water Features: Water Access Comm, Waterfront Comm
  • Plat Book: 753
  • Plat Page: 503
  • Special Assessments: Masons Inlet Maintenance; Futu
  • Zoning: R-20S
  • Lot View Type: Ocean View, Water View, Sound View

Tax Info

  • Tax Identifier: R04516-003-011-000
  • Tax Year: 2021
  • Total Real Estate Property Taxes: 17481.13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2022
Closed on
Apr 6, 2022
Sold by
Clayton Landon Iv Henry and Clayton Sherry A
Bought by
Penley Matthew A and Penley Kelly
Seller's Agent
Kirra Sutton
Figure Eight Realty
Buyer's Agent
Kirra Sutton
Figure Eight Realty
List Price
$5,500,000
Sold Price
$5,500,000
Total Days on Market
2
Current Estimated Value
$6,198,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$698,450
Avg. Annual Appreciation
3.76%

Purchase Details

Closed on
Mar 8, 2018
Sold by
Landon Henry Clayton and Terranova Helen
Bought by
Landon Henry Clayton and Terranova Helen

Purchase Details

Closed on
Jan 1, 2018
Sold by
Landon Barbara Sisk and The Barbara Sisk Landon Qualif
Bought by
London Henry Clayton and Terranova Helen

Purchase Details

Closed on
Jan 6, 1999
Sold by
Landon Barbara S
Bought by
Landon Barbara S Trust Etal

Purchase Details

Closed on
Apr 1, 1975
Bought by
Landon Barbara S
Source: Public Records

Range of Values:

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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
Penley Matthew A $5,500,000 None Listed On Document
Landon Henry Clayton -- None Available
London Henry Clayton -- None Available
Landon Barbara S Trust Etal -- --
Landon Barbara S -- --
Landon Barbara S $142,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Penley Matthew A $4,125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2022 04/14/22 Sold $5,500,000 0.0% $1,778 / Sq Ft
03/13/2022 03/13/22 Pending -- -- --
03/11/2022 03/11/22 For Sale $5,500,000 -- $1,778 / 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 $16,910 $3,192,900 $2,613,500 $579,400
2022 $16,910 $3,192,900 $2,613,500 $579,400
2021 $17,493 $3,192,900 $2,613,500 $579,400
2020 $9,825 $1,553,400 $1,212,800 $340,600
2019 $10,382 $1,641,500 $1,212,800 $428,700
2018 $10,382 $1,641,500 $1,212,800 $428,700
2017 $10,629 $1,641,500 $1,212,800 $428,700
2016 $12,001 $1,731,700 $1,122,900 $608,800
2015 $11,152 $1,731,700 $1,122,900 $608,800
2014 $10,962 $1,731,700 $1,122,900 $608,800
Source: Public Records

Agents Affiliated with this Home

  • Kirra Sutton

    Seller's Agent in 2022

    Kirra Sutton

    Figure Eight Realty

    (910) 686-4400

    17 in this area

    21 Total Sales

    Kirra Sutton
    Section Image

  • J

    Seller Co-Listing Agent in 2022

    Jo El Skipper

    Figure Eight Realty

    (910) 616-0455

    20 in this area

    41 Total Sales

    Jo El Skipper
    Section Image
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Map

Source: Hive MLS

MLS Number: 100316524

Hive MLS

APN: R04516-003-011-000

North Carolina New Hanover County Wilmington 28411 Figure 8 Island

62 Beach Rd S, Wilmington, NC

This home is located at 62 Beach Rd S, Wilmington, NC 28411 since 11 March 2022 and is currently estimated at $6,198,450, approximately $2,004 per square foot. This property was built in 1968. 62 Beach Rd S is a home located in New Hanover County with nearby schools including Porters Neck Elementary School, Holly Shelter Middle School, and Emsley A. Laney High School.

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