NOT LISTED FOR SALE

Estimated Value: $776,000 - $1,306,000

2.2 Acres
$499,430 Price per Acre
95,832 Sq Ft Lot

Last Sold August 05, 2016

Last sale price $650,000

Est. 69% increase in value since last sale

Current estimated payment $6,429/month

686 Days on Market

Highlights

  • 147 Feet of Waterfront
  • 2.2 Acre Lot
  • No HOA
  • Heyward C. Bellamy Elementary School Rated A-

About This Lot

As of August 2016

Breathtaking acreage on the Intracoastal Waterway. 2.2 acres of beautiful property with a large three car garage that has an income producing garage apartment over top at the rear of the property. The garage apartment rents for $1200 in the off season and $1500 June-August. There is also a dock on the property with a 10 ton lift, gazebo and a floating dock. This is a rare opportunity to purchase an estate sized lot on the ICWW with spectacular views.

Last Agent to Sell the Property

Richard Gapski

Acumen Real Estate LLC License #225435 Listed on: 06/19/2014

Last Buyer's Agent

Gary Nichols

Nichols Realty License #262373

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,316

Lot Details

  • 2.2 Acre Lot
  • 147 Feet of Waterfront
  • Cleared Lot
  • Property is zoned R-15

Schools

  • Bellamy Elementary School
  • Murray Middle School
  • Ashley High School

Additional Features

  • Water Views
  • Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R7900-004-009-000

Property Details

Property Type

Land

Est. Annual Taxes

$4,316

Lot Details

0

Listing Details

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

Exterior Features

  • Road Type Frontage: Unpaved
  • Waterfront: Yes
  • Waterview: Yes
  • Water Frontage: 147.00

Utilities

  • Fuel Tank: None
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: Existing Well
  • Utilities: Municipal Sewer, Well Water

Association/Amenities

  • HOA: No

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 5667
  • Deed Page: 676.00
  • Lot Sq Ft: 95832.00
  • Plat Book: 5667
  • Plat Page: 0676
  • Zoning: R-15
  • Acres: 2.20
  • Deed Restriction: No
  • Environmental Hazard: No
  • Flood Zone: Yes
  • List Price per Acre: 338636.36
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared

Tax Info

  • Tax Identifier: R7900-004-009-000
  • Tax Year: 2012

MLS Schools

  • Elementary School: Bellamy
  • High School: Ashley
  • Middle School: Murray
  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2014
Closed on
Aug 1, 2016
Sold by
Morgan Fritz Brian and Morgan Fritz
Bought by
Luu Trinh Thanh and Luu Qui Thanh
Seller's Agent
Richard Gapski
Acumen Real Estate LLC
Buyer's Agent
Gary Nichols
Nichols Realty
List Price
$745,000
Sold Price
$650,000
Premium/Discount to List
-$95,000
-12.75%
Current Estimated Value
$1,098,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$448,746
Avg. Annual Appreciation
4.83%
Original Mortgage
$300,000
Outstanding Balance
$245,703
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$746,124

Purchase Details

Closed on
Aug 23, 2012
Sold by
Looney Elisabeth S
Bought by
Morgan Fritz Brian and Morgan Fritz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
3.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 9, 2010
Sold by
Looney Mark D
Bought by
Looney Elisabeth S

Purchase Details

Closed on
Dec 20, 2004
Sold by
Lefebvre Joel V Marie W
Bought by
Looney Mark D Elisabeth S

Purchase Details

Closed on
Jan 14, 2003
Sold by
Lefebvre Joel V Marie W
Bought by
New Han Cnty Water/Sewer

Purchase Details

Closed on
Oct 21, 1999
Sold by
Rothrock John T Ann L
Bought by
Lefebvre Joel V Marie W

Purchase Details

Closed on
Nov 1, 1976
Bought by
Rothrock John T Ann L
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
Luu Trinh Thanh $650,000 None Available
Morgan Fritz Brian $540,000 None Available
Looney Elisabeth S -- None Available
Looney Mark D Elisabeth S $860,000 --
New Han Cnty Water/Sewer -- --
Lefebvre Joel V Marie W $585,000 --
Rothrock John T Ann L $22,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luu Trinh Thanh $300,000
Previous Owner Morgan Fritz Brian $351,000
Previous Owner Looney Mark D $572,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2016 08/05/16 Sold $650,000 -12.8% --
05/05/2016 05/05/16 Pending -- -- --
06/19/2014 06/19/14 For Sale $745,000 -- --
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
2023 $4,316 $811,900 $671,700 $140,200
2022 $4,351 $811,900 $671,700 $140,200
2021 $4,457 $811,900 $671,700 $140,200
2020 $4,156 $657,000 $537,800 $119,200
2019 $4,156 $657,000 $537,800 $119,200
2018 $4,156 $657,000 $537,800 $119,200
2017 $4,254 $657,000 $537,800 $119,200
2016 $4,595 $663,000 $537,800 $125,200
2015 $4,270 $663,000 $537,800 $125,200
2014 $4,197 $663,000 $537,800 $125,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 30507879

Hive MLS

APN: R07900-004-009-000