NOT LISTED FOR SALE

Estimated Value: $658,000 - $879,000

0.46 Acre
$1,688,783 Price per Acre
20,038 Sq Ft Lot

Last Sold February 23, 2024

Last sale price $808,000 $462 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,613/month

121 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Waterfront Community
  • Boat Ramp
  • Roland-Grise Middle School Rated A-
  • Boat Dock
  • Boat Slip

About This Lot

As of February 2024

A prime location and opportunity to build your elevated dream home with potential Intracoastal water views on an almost half-acre homesite among multi-million dollar homes. This property has an existing 3 BR, 3 Bath brick home and has deeded water rights to the Towles Rd BOAT RAMP on the Intracoastal. With its close proximity to the ocean and a floating day dock, It's one of the best and most sought-after private boat ramps in Wilmington, NC. There is also a potential to purchase or rent a BOAT SLIP in the private marina on the ICWW at the end of Towles Rd. Live in the existing home while you design your new home and build at a future date. Enjoy the coastal lifestyle and travel 5 minutes by boat to scenic Masonboro Island, a 14-mile natural barrier island, and anchor on the shore to enjoy the white sandy beaches and clear-blue ocean waters. Or, take a short jaunt and dine at the waterfront restaurants near the Wrightsville Beach drawbridge, just 5 minutes away. Towles Road is a highly desirable coastal community offering unspoiled and natural vistas that include tidal ponds, marshes and walking trails to neighboring communities. Take a stroll down the pedestrian-friendly road to the boat ramp and you'll likely encounter a heron, osprey, hawk, turtle or some fiddler crabs in their coastal habitat. This property is ideally situated near first class stores and restaurants at Mayfaire, a short drive to Wrightsville Beach and in the coveted Hoggard school district, There is no HOA and the annual dues for the boat ramp is a mere $200 PER YEAR!. Contact the listing agent for more info about the potential to buy or rent a boat slip (not included with the home). See MLS 100405653 for the residential listing of this property.

Last Agent to Sell the Property

Monica Rolquin

BlueCoast Realty Corporation License #165529 Listed on: 09/20/2023

BlueCoast Realty Corporation

Last Buyer's Agent

Wynne Harrington

Coastal Properties License #225745

Coastal Properties

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,431

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 101 x 203 x 96 x 205
  • Vinyl Fence
  • Level Lot
  • Property is zoned R-20

Schools

  • Bradley Creek Elementary School
  • Roland Grise Middle School
  • Hoggard High School

Utilities

  • Propane
  • Water Rights
  • Fuel Tank
  • Cable TV Available

Additional Features

  • Partial Basement
  • In Flood Plain

Listing and Financial Details

  • Assessor Parcel Number R06313-003-013-000

Community Details

Overview

  • Greenville Sound Estates Subdivision

Recreation

  • Boat Dock
  • Waterfront Community
  • Deeded Waterfront Access Rights
  • Deep Water Access
  • Boat Ramp
  • Boat Slip

Property Details

Property Type

Land

Est. Annual Taxes

$3,431

Lot Details

0

Listing Details

  • Property Type: Land
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Road Frontage Type: See Remarks
  • Horses Y N: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Partial, Vinyl
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Waterfront: No
  • Waterview: No
  • Total Road Frontage: 101

Utilities

  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: Propane Buried
  • Fuel Tank Ownership: Owned
  • Service Providers Electric Provider: Duke Progress Energy
  • Utilities: Cable Available, Electricity Connected, Municipal Sewer, Municipal Water

Association/Amenities

  • HOA and Neighborhood Amenities: See Remarks

Lot Info

  • Deed Page: 286.00
  • Lot Description: Deeded Water Rights, Level, Water Depth 4+
  • Lot Dimensions: 101 x 203 x 96 x 205
  • Lot Sq Ft: 20038.00
  • Lot Water Features: Boat Dock, Boat Ramp, Boat Slip, Deeded Water Access, Deeded Water Rights, Water Access Comm, Water Depth 4+, Waterfront Comm
  • Zoning: R-20
  • Acres: 0.46
  • Current Use: Single Family
  • Deed Restriction: No
  • Environmental Hazard: Unknown
  • List Price per Acre: 1847608.70
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Flood Plain, Level
  • Lot View Type: See Remarks

Tax Info

  • Tax Identifier: R06313-003-013-000
  • Tax Year: 2023
  • Total City Real Estate Property Tax: 3431.00
  • Total Real Estate Property Taxes: 3431.00
  • Deferred Taxes: No

MLS Schools

  • Elementary School: Bradley Creek
  • High School: Hoggard
  • Middle School: Roland Grise

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2023
Closed on
Feb 20, 2024
Sold by
Eason Kenneth Brian
Bought by
Clark Phillip Logan
Seller's Agent
Monica Rolquin
BlueCoast Realty Corporation
Buyer's Agent
Wynne Harrington
Coastal Properties
List Price
$899,000
Sold Price
$808,000
Premium/Discount to List
-$91,000
-10.12%
Views
144
Current Estimated Value
$788,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,143
Avg. Annual Appreciation
-4.31%
Original Mortgage
$606,000
Outstanding Balance
$596,294
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$161,328

Purchase Details

Closed on
Aug 18, 1994
Sold by
Wheel Estates Inc
Bought by
Eason Kenneth Judy

Purchase Details

Closed on
Aug 15, 1994
Sold by
Eason Kenneth Judy
Bought by
Wheel Estates Inc

Purchase Details

Closed on
Apr 30, 1975
Sold by
Greenville Sound Land Co
Bought by
Eason Kenneth Judy

Purchase Details

Closed on
Dec 31, 1963
Sold by
Towles E B Sarah P
Bought by
Greenville Sound Land Co
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 Buyer Sale Price Title Company
Clark Phillip Logan $808,000 None Listed On Document
Eason Kenneth Judy -- --
Wheel Estates Inc -- --
Eason Kenneth Judy -- --
Greenville Sound Land Co -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Phillip Logan $606,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2024 02/23/24 Sold $808,000 -4.9% $462 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
11/09/2023 11/09/23 Price Changed $849,900 -5.5% $486 / Sq Ft
10/01/2023 10/01/23 For Sale $899,000 -- $514 / 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 $3,532 $406,000 $234,300 $171,700
2022 $3,451 $406,000 $234,300 $171,700
2021 $0 $406,000 $234,300 $171,700
2020 $3,602 $341,900 $172,500 $169,400
2019 $3,602 $341,900 $172,500 $169,400
2018 $3,602 $341,900 $172,500 $169,400
2017 $3,602 $341,900 $172,500 $169,400
2016 $3,100 $279,800 $138,000 $141,800
2015 $2,963 $279,800 $138,000 $141,800
2014 $2,837 $279,800 $138,000 $141,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100405766

Hive MLS

APN: R06313-003-013-000