NOT LISTED FOR SALE

701 Silver Lake Rd Wilmington, NC 28412

Estimated Value: $288,000 - $354,000

4 Beds
1.5 Baths
1,577 Sq Ft
$207/Sq Ft Est. Value

Last Sold July 26, 2019

Last sale price $105,250 $67 Per Sq Ft

Est. 216% increase in value since last sale

Current estimated payment $1,914/month

20 Days on Market

Highlights

  • 1 Fireplace
  • No HOA
  • Covered Patio or Porch
  • Corner Lot
  • Den
  • Laundry Room

About This Home

As of July 2019

Single family home in Silver Lake offers 4 bedrooms, 1 full and 1 half baths. Living room upon entry, eat-in kitchen, and den with wood-burning fireplace round out common areas. Mud room with laundry hook-ups at rear of home, gives access to rear yard. Fenced yard and attached garage great for entertaining and hobbies. Great central location. Daily shopping and dining conveniences nearby. Short trip to area beaches, golf courses, historic attractions. Home has a lot of potential. Seeking buyer with vision! Seller will not complete any repairs to the subject property, either lender or buyer requested. The property is sold in AS IS condition. This property is eligible under the Freddie Mac First Look Initiative through 7/17/19 Owner Occupants only can submit offers during this time.

Last Agent to Sell the Property

Tom Gale

Coldwell Banker Sea Coast Advantage License #242825 Listed on: 06/27/2019

Coldwell Banker Sea Coast Advantage

Last Buyer's Agent

Thomas C Gale

Coldwell Banker Sea Coast Real

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $853

Year Built

  • Built in 1970

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 120x100
  • Chain Link Fence
  • Corner Lot
  • Property is zoned R-10

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,577 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Combination Dining and Living Room
  • Den
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 2 Car Attached Garage
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • On Site Septic
  • Septic Tank

Community Details

  • No Home Owners Association
  • Marquis Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number R07508-011-015-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$853

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One
  • Year Built: 1970
  • Special Features: 1028
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: 1
  • Heated Sq Ft: 1400 - 1599
  • Interior Amenities: 1st Floor Master
  • Laundry Location: Room
  • List Price per Sq Ft: 53.20
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2.00
  • Bedrooms: 4
  • Number Rooms: 7
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Level: First
  • Den Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First
  • Sq Ft Heated: 1577.00
  • Total Heated Primary Separate Sq Ft: 1577.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Brick Veneer
  • Fencing: Chain Link
  • Foundation: Slab
  • Porch Balcony Deck: Covered, Porch, Patio
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Garage And Parking Driveway Spaces: 6.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: Off Street, Paved

Utilities

  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Forced Air
  • Utilities: Municipal Water, Septic On Site
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 1092.00
  • Lot Acres: 0.28
  • Lot Description: Corner Lot
  • Lot Dimensions: 120x100
  • Lot Sq Ft: 12197.00
  • Plat Book: 11
  • Plat Page: 21
  • Zoning: R-10

Tax Info

  • Tax Identifier: R07508-011-015-000
  • Tax Year: 2018
  • Total Real Estate Property Taxes: 853.00

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2019
Closed on
Jul 24, 2019
Sold by
Federal Home Loans Mortgage Corporation
Bought by
Joyner James Bryant and Williams Thomas
Seller's Agent
Tom Gale
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Tom Gale
Coldwell Banker Sea Coast Advantage
List Price
$83,900
Sold Price
$105,250
Premium/Discount to List
$21,350
25.45%
Current Estimated Value
$332,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,946
Avg. Annual Appreciation
21.03%

Purchase Details

Closed on
Jan 22, 2019
Sold by
Smith Edward C and Smith Renee S
Bought by
Newrez Llc and Federal Home Loan Mortgage Copration

Purchase Details

Closed on
Jul 10, 2007
Sold by
Hines Thomas L and Hines Laura F
Bought by
Smith Edward C and Smith Renee S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2006
Sold by
Hines Thomas Lucian and Hines Laura F
Bought by
Hines Thomas L and Hines Laura F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 1987
Sold by
Mitchell Rodney P Anita G
Bought by
Boykin Bennie L Martha E

Purchase Details

Closed on
Aug 1, 1987
Sold by
Miller Dennis K Cynthia B
Bought by
Mitchell Rodney P Anita G

Purchase Details

Closed on
Feb 1, 1985
Sold by
Faircloth Melba Dianne
Bought by
Miller Dennis K Cynthia B

Purchase Details

Closed on
Sep 1, 1983
Sold by
Faircloth William H Melba
Bought by
Faircloth Melba Dianne

Purchase Details

Closed on
Jan 1, 1983
Sold by
Murphy Willie T Jerry T
Bought by
Faircloth William H Melba

Purchase Details

Closed on
Oct 1, 1980
Bought by
Murphy Willie T Jerry T
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
Joyner James Bryant -- None Available
Newrez Llc $139,500 None Available
Smith Edward C $185,000 None Available
Hines Thomas L $175,000 None Available
Boykin Bennie L Martha E $11,000 --
Mitchell Rodney P Anita G $3,000 --
Miller Dennis K Cynthia B $44,600 --
Faircloth Melba Dianne -- --
Faircloth William H Melba $44,000 --
Murphy Willie T Jerry T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Edward C $166,500
Previous Owner Hines Thomas L $128,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2019 07/26/19 Sold $105,250 +25.4% $67 / Sq Ft
07/17/2019 07/17/19 Pending -- -- --
06/27/2019 06/27/19 For Sale $83,900 -- $53 / 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 $1,134 $203,000 $72,200 $130,800
2022 $1,139 $203,000 $72,200 $130,800
2021 $1,123 $203,000 $72,200 $130,800
2020 $853 $134,800 $20,000 $114,800
2019 $853 $134,800 $20,000 $114,800
2018 $853 $134,800 $20,000 $114,800
2017 $873 $134,800 $20,000 $114,800
2016 $884 $127,600 $37,200 $90,400
2015 $822 $127,600 $37,200 $90,400
2014 $808 $127,600 $37,200 $90,400
Source: Public Records

Agents Affiliated with this Home

  • Tom Gale

    Seller's Agent in 2019

    Tom Gale

    Coldwell Banker Sea Coast Advantage

    (910) 541-1001

    3 in this area

    286 Total Sales

    Section Image

  • T

    Buyer's Agent in 2019

    Thomas C Gale

    Coldwell Banker Sea Coast Real

See All Agents

Map

Source: Hive MLS

MLS Number: 100172855

Hive MLS

APN: R07508-011-015-000

North Carolina New Hanover County Wilmington 28412

701 Silver Lake Rd, Wilmington, NC

This home is located at 701 Silver Lake Rd, Wilmington, NC 28412 since 27 June 2019 and is currently estimated at $327,200, approximately $207 per square foot. This property was built in 1970. 701 Silver Lake Rd is a home located in New Hanover County with nearby schools including Mary C. Williams Elementary School, Myrtle Grove Middle School, and Eugene Ashley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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