NOT LISTED FOR SALE

7787 Florence Rd Merritt, NC 28556

Estimated Value: $287,367 - $352,000

66.42 Acres
$4,813 Price per Acre
2,893,255 Sq Ft Lot

Last Sold January 11, 2023

Last sale price $251,500

Est. 27% increase in value since last sale

Current estimated payment $1,748/month

448 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 4,000 Feet of Waterfront
  • Wetlands on Lot
  • Pamlico County Middle School Rated 9+
  • 66.42 Acre Lot
  • Wooded Lot

About This Lot

As of January 2023

UNRESTRICTED WATERFRONT ACREAGE adjacent to BONNER BAY and the PAMLICO SOUND!!! Hunters, Fishermen, Sportsmen take note! This undeveloped waterfront tract of prime land is located in the heart of natural splendor of Florence, about as far east as you can travel without getting your feet wet! An ideal estate-sized homesite which would provide absolute privacy and seclusion from the cares of the World! Imagine owning approximately 65.7 acres of gorgeous woodlands and extensive wetlands with which you can let your dreams and imagination guide you. Over 4000' OF PRIME WATER FRONTAGE on Riggs Creek and tributaries, off of Bonner Bay and the Bay River! There are literally thousands of additional feet of waterfront along various small canals which are on the property, largely within the confines of the marsh area.Mature trees cover approximately half of the tract, with the balance in pristine wetlands, home to the abundant wildlife that the area is renowned for! A home built here would splendid and just a short ride to Oriental and all of its charming diversions. This tract adjoins and existing duck impoundment and lends itself well to copy the same use, if desired- the property is unrestricted by deed and lends itself to innumerable ideas! Build a hunting camp with your friends, build a dock/marina and go fishing in the totally undeveloped and unspoiled waters which the property adjoins. Bring your camper/RV and your family & friends. NEW 4-BEDROOM SEPTIC PERMIT ! Start a business, build a campground... You decide. Here's a fantastic opportunity to have it all in a large package - your Eastern NC escape !!

Last Agent to Sell the Property

CHRIS MACHLE

TIDEWATER REAL ESTATE, INC License #125354 Listed on: 09/22/2021

Last Buyer's Agent

Linda Hansen

Berkshire Hathaway HomeServices Carolina Premier Properties License #261512

Berkshire Hathaway HomeServices Carolina Premier Properties

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $725

Lot Details

  • 66.42 Acre Lot
  • 4,000 Feet of Waterfront
  • Street terminates at a dead end
  • Rural Setting
  • Wooded Lot
  • Marsh on Lot

Schools

  • Pamlico County Primary Elementary School
  • Pamlico County Middle School
  • Pamlico County High School

Additional Features

  • Water Views
  • In Flood Plain
  • Water Not Available

Listing and Financial Details

  • Assessor Parcel Number L07-11-3-1

Community Details

Overview

  • No Home Owners Association

Recreation

  • Deeded Waterfront Access Rights
  • Sailboat Water Access
  • Property Near A Cove
  • Access to marsh
  • Wetlands on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$725

Lot Details

0

Listing Details

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

Exterior Features

  • Fencing: None
  • Road Type Frontage: Deeded Right of Way, Not Maintained, See Remarks, Unpaved
  • Waterfront: Yes
  • Waterview: Yes
  • Water Frontage: 4000.00

Utilities

  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Service Providers Electric Provider: Tideland Electric
  • Utilities: No Water

Association/Amenities

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

Lot Info

  • Deed Book: 654
  • Deed Page: 857.00
  • Lot Description: Dead End, Rural, Sailboat Accessible, See Remarks, Water Depth 4+, Wetlands, Wooded
  • Lot Dimensions: See survey
  • Lot Sq Ft: 2893255.00
  • Lot Water Features: Cove, Deeded Waterfront, Sailboat Accessible, Salt Marsh, Water Depth 4+
  • Plat Book: B
  • Plat Page: 6-3
  • Acres: 66.42
  • Current Use: Recreational, Timber
  • Deed Restriction: No
  • Environmental Hazard: Unknown
  • List Price per Acre: 4208.07
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Flood Plain, Marsh/Wetland, See Remarks, Undeveloped, Watershed, Wooded

Tax Info

  • Tax Identifier: L07-11-3-1
  • Tax Year: 2022
  • Total Real Estate Property Taxes: 75.10
  • Deferred Taxes: Yes

MLS Schools

  • Elementary School: Pamlico County Primary
  • High School: Pamlico County
  • High School2: Pamlico County
  • Middle School: Pamlico County
  • Middle School2: Pamlico County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2021
Closed on
Jan 9, 2023
Sold by
Ferrara Peter
Bought by
Hickey James F
Seller's Agent
CHRIS MACHLE
TIDEWATER REAL ESTATE, INC
Buyer's Agent
Linda Hansen
Berkshire Hathaway HomeServices Carolina Premier Properties
List Price
$260,000
Sold Price
$251,500
Premium/Discount to List
-$8,500
-3.27%
Views
1
Current Estimated Value
$319,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,184
Avg. Annual Appreciation
3.72%
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
Hickey James F $251,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2023 01/11/23 Sold $251,500 -10.0% --
12/14/2022 12/14/22 Pending -- -- --
11/14/2022 11/14/22 Price Changed $279,500 +8.1% --
09/23/2022 09/23/22 Price Changed $258,500 -0.6% --
05/13/2022 05/13/22 For Sale $260,000 +3.4% --
03/04/2022 03/04/22 Pending -- -- --
02/18/2022 02/18/22 Off Market $251,500 -- --
01/03/2022 01/03/22 For Sale $260,000 0.0% --
10/12/2021 10/12/21 Pending -- -- --
09/22/2021 09/22/21 For Sale $260,000 -- --
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
2025 $725 $102,651 $102,651 $0
2024 $725 $102,651 $102,651 $0
2023 $705 $102,651 $102,651 $0
2022 $75 $10,942 $10,942 $0
2021 $75 $10,942 $10,942 $0
2020 $75 $10,942 $10,942 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100291736

Hive MLS

APN: L07-11-3-1