NOT LISTED FOR SALE

Estimated Value: $940,000 - $1,104,000

0.59 Acre
$1,723,697 Price per Acre
25,700 Sq Ft Lot

Last Sold April 04, 2014

Last sale price $48,000

Est. 2,019% increase in value since last sale

Current estimated payment $5,804/month

217 Days on Market

Highlights

  • Waterfront
  • Water Views
  • Maintained Community
  • Edwin A. Anderson Elementary School Rated A-
  • Cul-De-Sac

About This Lot

As of April 2014

A great lot to build your custom dream home. the Landing at Snows Cut features a pier, gazebo, and small marina on the Intracoastal Waterway with beautiful views. The community location is very convenient to Carolina Beach.

Last Agent to Sell the Property

Matt Freeman

Keller Williams Innovate-Wilmington Listed on: 08/12/2013

Last Buyer's Agent

Laurie Smith

Realty World-Cape Fear

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,276

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 28x182x156x159x154
  • Property fronts a private road
  • Cul-De-Sac
  • Property is zoned R-15

Property Views

  • Water Views

Schools

  • Carolina Beach Elementary School
  • Murray Middle School
  • Ashley High School

Listing and Financial Details

  • Tax Lot 2

Community Details

Overview

  • Property has a Home Owners Association
  • Master Insurance
  • Snows Cut Landing Subdivision
  • Maintained Community

Recreation

  • Waterfront

Property Details

Property Type

Land

Est. Annual Taxes

$3,276

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Type Frontage: Paved, Private
  • Waterfront: Yes
  • Waterview: Yes

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Maint - Roads, Master Insure, See Remarks, Tax Comm Areas

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 50
  • Deed Page: 354.00
  • Lot Description: Cul-de-Sac Lot
  • Lot Dimensions: 28x182x156x159x154
  • Lot Number: 2
  • Lot Sq Ft: 25700.00
  • Lot Water Features: Waterfront Comm
  • Zoning: R-15
  • Acres: 0.59
  • Flood Zone: Yes
  • List Price per Acre: 101525.42
  • Lot Number2: 2

MLS Schools

  • Elementary School: Carolina Beach
  • High School: Ashley
  • Middle School: Murray
  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2014
Sold by
Coastal Atlantic Development Llc
Bought by
Mays Chris and Mays Dru A
Current Estimated Value
$1,016,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$426,220
Interest Rate
4.15%
Mortgage Type
VA

Purchase Details

Listed on
Aug 12, 2013
Closed on
Mar 20, 2014
Sold by
American Equity Funding Inc
Bought by
Coastal Atlantic Development Llc
Seller's Agent
Matt Freeman
Keller Williams Innovate-Wilmington
Buyer's Agent
Laurie Smith
Realty World-Cape Fear
List Price
$59,900
Sold Price
$48,000
Premium/Discount to List
-$11,900
-19.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.53%
Original Mortgage
$312,000
Interest Rate
4.36%
Mortgage Type
Construction

Purchase Details

Closed on
May 16, 2012
Sold by
American Equity Funding Inc
Bought by
Eas Sensorsense Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.9%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 4, 2011
Sold by
Sea Breeze Land Development L L C
Bought by
First Troy Spe Llc
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
Mays Chris $428,500 None Available
Coastal Atlantic Development Llc $48,000 None Available
Eas Sensorsense Inc -- None Available
First Troy Spe Llc $2,215,122 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mays Chris $424,600
Closed Mays Chris $426,220
Previous Owner Coastal Atlantic Development Llc $312,000
Previous Owner American Equity Funding Inc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2014 04/04/14 Sold $48,000 -19.9% --
03/17/2014 03/17/14 Pending -- -- --
08/12/2013 08/12/13 For Sale $59,900 -- --
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 $3,276 $617,200 $141,700 $475,500
2022 $3,303 $617,200 $141,700 $475,500
2021 $3,387 $617,200 $141,700 $475,500
2020 $3,172 $501,500 $101,000 $400,500
2019 $3,172 $406,400 $101,000 $305,400
2018 $2,570 $406,400 $101,000 $305,400
2017 $2,631 $406,400 $101,000 $305,400
2016 $2,568 $370,500 $96,000 $274,500
2015 $2,387 $370,500 $96,000 $274,500
2014 -- $114,800 $114,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 30494864

Hive MLS

APN: R08518-008-030-000