NOT LISTED FOR SALE

7500 Masonboro Sound Rd Wilmington, NC 28409

Masonboro Neighborhood

Estimated Value: $980,441

65 Acres
$15,084 Price per Acre
2,831,400 Sq Ft Lot

Last Sold November 25, 2020

Last sale price $6,600,000

Current estimated payment $5,830/month

406 Days on Market

Highlights

  • 65 Acre Lot
  • Wooded Lot
  • Lot Has A Rolling Slope
  • Masonboro Elementary School Rated A
  • No HOA

About This Lot

As of November 2020

Undeveloped wooded tract of land approx 65 acres. Zoned R-15 w/490 ft of road footage on Masonboro Loop Rd and another 490 ft of road footage on Masonboro Sound Rd. This tract of land would be suitable for a single family coastal development w/an average lot size of 15,000 sqft. Approx 175+ homes sites (subject to all approvals by City of Wilmington).

Last Agent to Sell the Property

Mark Bodford

Intracoastal Realty Corp License #154809 Listed on: 06/22/2018

Intracoastal Realty Corp

Last Buyer's Agent

Deedy Vincent

Cornerstone Realty Group of Wilmington NC LLC License #285108

Property Details

Property Type

  • Land

Lot Details

  • 65 Acre Lot
  • Lot Dimensions are 716x3795x685x3935
  • Lot Has A Rolling Slope
  • Cleared Lot
  • Wooded Lot
  • Property is zoned R-15

Schools

  • Masonboro Elementary School
  • Roland Grise Middle School
  • Hoggard High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R06700-005-007-000

Property Details

Property Type

Land

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: Maintained, Paved, Public (City/Cty/St)
  • Waterfront: No
  • Waterview: No
  • Total Road Frontage: 490

Utilities

  • Fuel Tank: None

Association/Amenities

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

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 5846
  • Deed Page: 2706.00
  • Lot Description: See Remarks, Wooded
  • Lot Dimensions: 716x3795x685x3935
  • Lot Sq Ft: 2831400.00
  • Lot Water Features: None
  • Zoning: R-15
  • Acres: 65.00
  • Deed Restriction: No
  • Environmental Hazard: Unknown
  • List Price per Acre: 138460.00
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared/Partial, Rolling, Undeveloped, Wooded

Tax Info

  • Tax Identifier: R06700-005-007-000
  • Tax Year: 2018

MLS Schools

  • Elementary School: Masonboro
  • High School: Hoggard
  • Middle School: Roland Grise
  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2024
Sold by
East & Mason Developers Llc
Bought by
Schmidt Custom Builders Inc
Current Estimated Value
$980,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
6.95%

Purchase Details

Closed on
Aug 13, 2024
Sold by
Robuck Homes Triangle Llc
Bought by
Wissbaum Kristen and Wissbaum Brandon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
6.95%

Purchase Details

Closed on
Jun 24, 2024
Sold by
East & Mason Developers Llc
Bought by
Cappalli Robert and Cappalli Jacqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
6.95%

Purchase Details

Closed on
Jan 18, 2023
Sold by
East & Mason Developers Llc
Bought by
Richard Wallace Builder Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2023
Sold by
East & Mason Developers Llc
Bought by
Schmidt Custom Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2022
Sold by
East & Mason Developers Llc
Bought by
Robuck Homes Triangle Llc

Purchase Details

Closed on
Mar 17, 2022
Sold by
Robuck Homes Triangle Llc
Bought by
East & Mason Developers Llc

Purchase Details

Closed on
Mar 10, 2022
Sold by
East & Mason Developers Llc
Bought by
Robuck Homes Triangle Llc

Purchase Details

Listed on
Jun 22, 2018
Closed on
Dec 3, 2020
Sold by
Goudarzi Hormoze A and Goudarzi Hormoze A
Bought by
Meyer Katherine Galloway and Katherine Galloway Meyer Revocable Trust
Seller's Agent
Mark Bodford
Intracoastal Realty Corp
Buyer's Agent
Deedy Vincent
Cornerstone Realty Group of Wilmington NC LLC
List Price
$11,900,000
Sold Price
$6,600,000
Premium/Discount to List
-$5,300,000
-44.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
2.7%
Mortgage Type
Unknown

Purchase Details

Listed on
Jun 22, 2018
Closed on
Nov 24, 2020
Sold by
Macdonald Elizabeth Harriss and Macdonald Holland
Bought by
East & Mason Developers Llc
Seller's Agent
Mark Bodford
Intracoastal Realty Corp
Buyer's Agent
Deedy Vincent
Cornerstone Realty Group of Wilmington NC LLC
List Price
$11,900,000
Sold Price
$6,600,000
Premium/Discount to List
-$5,300,000
-44.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
2.7%
Mortgage Type
Unknown

Purchase Details

Closed on
May 27, 2020
Sold by
Goudarzi Hormoze and Goudarzi Suzanne H
Bought by
Hormoze A Goudarzi Profit Sharing Plan

Purchase Details

Closed on
Apr 29, 2020
Sold by
Macdonald Elizabeth Harriss and Macdonald Holland
Bought by
Goudarzi Hormoze

Purchase Details

Closed on
Oct 16, 2014
Sold by
Moore Harriss Doris M and Moore Harriss Doris
Bought by
Macdonald Elizabeth Harriss and Harriss Thomas M

Purchase Details

Closed on
Nov 17, 2011
Sold by
Macdonald Elizabeth Harriss and Harriss Thomas M
Bought by
Macdonald Elizabeth Harriss and Harriss Thomas M

Purchase Details

Closed on
Apr 3, 2009
Sold by
Macdonald Elizabeth Harriss and Harriss Thomas M
Bought by
Macdonald Elizabeth Harris and Harriss Thomas M

Purchase Details

Closed on
Nov 20, 2001
Sold by
Harriss Robert C Doris M
Bought by
Wilmington City Of

Purchase Details

Closed on
May 12, 1993
Sold by
Harriss Robert C Doris M
Bought by
Old South Inc

Purchase Details

Closed on
Aug 1, 1985
Sold by
Harriss Land Co Inc
Bought by
Harriss Robert C Doris M

Purchase Details

Closed on
Dec 1, 1982
Sold by
Harriss Robert C Doris M
Bought by
Harriss Land Co Inc

Purchase Details

Closed on
Oct 1, 1971
Bought by
Harriss Land Co Inc
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
Schmidt Custom Builders Inc $177,000 None Listed On Document
Wissbaum Kristen $220,000 None Listed On Document
Cappalli Robert $215,000 None Listed On Document
Richard Wallace Builder Inc $175,000 --
Schmidt Custom Builders Inc $175,000 --
Robuck Homes Triangle Llc $284,500 None Listed On Document
East & Mason Developers Llc -- Westerlund & Zdenek Law Pa
Robuck Homes Triangle Llc $1,680,000 Westerlund & Zdenek Law Pa
Meyer Katherine Galloway $900,000 None Available
Meyer Katherine Galloway -- None Available
East & Mason Developers Llc -- None Available
East & Mason Developers Llc $6,600,000 None Available
Hormoze A Goudarzi Profit Sharing Plan -- None Available
Goudarzi Hormoze $1,100,000 None Available
Macdonald Elizabeth Harriss -- None Available
Macdonald Elizabeth Harriss -- None Available
Macdonald Elizabeth Harriss -- None Available
Harriss Doris M -- None Available
Macdonald Elizabeth Harris -- None Available
Wilmington City Of $2,500 --
Old South Inc -- --
Parsley Walter L -- --
Harriss Robert C Doris M -- --
Harriss Land Co Inc -- --
Harriss Robert C Doris M -- --
Harriss Land Co Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lockerby Brady Kathryn $956,250
Previous Owner Wissbaum Kristen $920,000
Previous Owner Wissbaum Kristen $920,000
Previous Owner Cappalli Robert $766,550
Previous Owner Richard Wallace Builder Inc $1,064,066
Previous Owner Richard Wallace Builder Inc $3,000,000
Previous Owner Schmidt Custom Builders Inc $792,000
Previous Owner Meyer Katherine Galloway $600,000
Previous Owner Meyer Katherine Galloway $600,000
Previous Owner East & Mason Developers Llc $10,367,379
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2020 11/25/20 Sold $6,600,000 -44.5% --
08/02/2019 08/02/19 Pending -- -- --
06/22/2018 06/22/18 For Sale $11,900,000 -- --
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
2024 -- $593,100 $593,100 $0
2023 $5,974 $707,000 $707,000 $0
2022 $6,788 $798,600 $798,600 $0
2021 $6,834 $798,600 $798,600 $0
2020 $4,161 $2,461,300 $2,461,300 $0
2019 $4,161 $2,461,300 $2,461,300 $0
2018 $4,161 $2,461,300 $2,461,300 $0
2017 $4,161 $2,461,300 $2,461,300 $0
2016 $3,990 $2,031,800 $2,031,800 $0
2015 $21,517 $2,031,800 $2,031,800 $0
2014 $20,602 $2,031,800 $2,031,800 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mark Bodford

    Intracoastal Realty Corp

    Section Image
  • Deedy Vincent

    Buyer's Agent in 2020

    Deedy Vincent

    Cornerstone Realty Group of Wilmington NC LLC

    (910) 231-6181

    1 in this area

    11 Total Sales

    Deedy Vincent
    Section Image
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Map

Source: Hive MLS

MLS Number: 100122366

Hive MLS

APN: R06700-005-007-000

North Carolina New Hanover County Wilmington 28409 Masonboro

7500 Masonboro Sound Rd, Wilmington, NC

This home is located at 7500 Masonboro Sound Rd, Wilmington, NC 28409 since 22 June 2018 and is currently priced at $980,441. 7500 Masonboro Sound Rd is a home located in New Hanover County with nearby schools including Masonboro Elementary School, Roland-Grise Middle School, and John T. Hoggard 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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