NOT LISTED FOR SALE

Estimated Value: $199,000 - $231,000

2 Beds
2 Baths
1,182 Sq Ft
$260/mo HOA Fee

Last Sold February 23, 2021

Last sale price $140,000 $118 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,518/month

23 Days on Market

Highlights

  • Home fronts a pond
  • RV or Boat Storage in Community
  • 1 Fireplace
  • M.C.S. Noble Middle School Rated A-
  • Pond View
  • Community Pool

About This Home

As of February 2021

Why rent when you can own? This second floor unit, 2 bedroom, 2 bath unit is centrally located in Wilmington. This freshly painted, open floor plan unit offers low maintenance 1-year-old LVP flooring in the main living areas & master & 1-year-old carpet in the guest bedroom. Light fixtures have been updated. The kitchen has stainless steel appliances, including a new dishwasher & oven & the washer/dryer convey. Enjoy a cool night in front of your cozy electric fireplace. The spacious primary bedroom is complete with a walk-in closet and en suite bathroom. Your covered balcony has a storage closet for any beach toys or holiday decorations. Relax and enjoy the pond view as well. The community offers a pool, tennis and volleyball courts, grilling, and car wash area. Check out the storage lot for additional vehicles or a boat. Your monthly dues provide for 2 assigned parking spaces, basic cable, fiber wifi, and trash pickup. If you work at Corning, or need close proximity to the airport or I-40, this unit's location is a major convenience. This could be a part-time beach home, or a fantastic investment property. Come view what Cape Cottages has to offer.

Last Agent to Sell the Property

Team KBT Realty

Keller Williams Innovate-KBT Listed on: 12/11/2020

Last Buyer's Agent

Buddy Blake

Waypost Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $889

Year Built

  • Built in 1998

Lot Details

  • Home fronts a pond

HOA Fees

  • $260 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,182 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Blinds
  • Combination Dining and Living Room
  • Pond Views

Kitchen

  • Stove
  • Built-In Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

  • Pest Guard System
  • Termite Clearance

Parking

  • Lighted Parking
  • Driveway
  • Paved Parking
  • On-Site Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R04908-007-001-138

Community Details

Overview

  • Master Insurance
  • Cape Cottages Subdivision
  • Maintained Community

Recreation

  • RV or Boat Storage in Community
  • Tennis Courts
  • Community Basketball Court
  • Community Pool

Security

  • Resident Manager or Management On Site
  • Security Lighting
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$889

Year Built

Built in 1998

Lot Details

0

HOA Fees

$260 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: 2nd Floor Unit, One
  • Year Built: 1998
  • Road Frontage Type: Pond Front
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Dining Room Type: Combination
  • Fireplace: 1
  • Flooring: Carpet, LVT/LVP
  • Heated Sq Ft: 1000 - 1199
  • Interior Amenities: 1st Floor Master, Smoke Detectors, Walk-In Closet, Blinds/Shades, Ceiling Fan(s)
  • Laundry Location: Closet
  • List Price per Sq Ft: 126.82
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 2
  • Number Rooms: 5
  • Bedroom 2 Level: Main
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Primary Bedroom Level: Main
  • Sq Ft Heated: 1182.00
  • Total Heated Primary Separate Sq Ft: 1182.00

Exterior Features

  • Exterior Features: Security Lighting
  • Exterior Finish: Vinyl Siding
  • Fencing: None
  • Foundation: Slab
  • Porch Balcony Deck: Balcony, Covered
  • Road Type Frontage: Maintained, Public (City/Cty/St), Paved
  • Roof: Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Assigned, Lighted, Paved, On Site

Utilities

  • Appliances Equipment: Dishwasher, Stove/Oven - Electric, Washer, Refrigerator, Microwave - Built-In, Ice Maker, Dryer
  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Basketball Court, Sidewalk, Trash, Termite Bond, Tennis Court(s), Street Lights, Pest Control, RV/Boat Storage, Community Pool, Master Insure, Management, Maintenance Structure, Maint - Grounds, Maint - Comm Areas
  • HOAAssociationFee1Year: 3120.00

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 723726.00
  • Lot Dimensions: Condo
  • Plat Book: 11
  • Plat Page: 131-136
  • Special Assessments: None known
  • Zoning: MF-M
  • Lot View Type: Pond View

Tax Info

  • Tax Identifier: R04908-007-001-138
  • Tax Year: 2020
  • Total Real Estate Property Taxes: 889.07

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2020
Closed on
Feb 19, 2021
Sold by
Hashem Adam
Bought by
Moore Mitchell Lee
Seller's Agent
Team KBT Realty
Keller Williams Innovate-KBT
Buyer's Agent
Buddy Blake
Waypost Realty LLC
List Price
$149,900
Sold Price
$140,000
Premium/Discount to List
-$9,900
-6.6%
Current Estimated Value
$214,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,585
Avg. Annual Appreciation
9.29%
Original Mortgage
$134,400
Outstanding Balance
$120,653
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$88,694

Purchase Details

Listed on
Jul 22, 2019
Closed on
Jul 26, 2019
Sold by
Pierce Renee M and Pierce Shane R
Bought by
Hashem Adam
Seller's Agent
Jason Hand
Keller Williams Innovate-Wilmington
Buyer's Agent
Pat Henderson
Azalea Realty, Inc.
List Price
$112,900
Sold Price
$111,000
Premium/Discount to List
-$1,900
-1.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.93%

Purchase Details

Listed on
Jul 16, 2012
Closed on
Nov 5, 2012
Sold by
Biancrdi Frank A and Biancrdi Sandra M
Bought by
Pierce Renee M and Pierce Shane R
Seller's Agent
Jack Gale
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Nicholas Joseph
Cape Cottages Realty LLC
List Price
$90,000
Sold Price
$80,000
Premium/Discount to List
-$10,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.96%
Original Mortgage
$82,325
Interest Rate
3.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 16, 2012
Closed on
Sep 24, 2012
Sold by
Federal National Mortgage Association
Bought by
Biancardi Sandra M and Biancardi Frank A
Seller's Agent
Jack Gale
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Nicholas Joseph
Cape Cottages Realty LLC
List Price
$90,000
Sold Price
$80,000
Premium/Discount to List
-$10,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,325
Interest Rate
3.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2012
Sold by
Schmitt Alec D and Schmitt Eric A
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 30, 2007
Sold by
Joseph Nicholas R
Bought by
Schmitt Alec D and Schmitt Eric A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,275
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2007
Sold by
Langston Clara L and Langston Bernard L
Bought by
Joseph Nicholas R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,275
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 30, 2005
Sold by
Cartrette Anthony Myles and Cartrette Jennifer J
Bought by
Mason Clara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,400
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 1999
Sold by
Cartrette A Miles Jennifer J
Bought by
Cartrette Jennifer Beth

Purchase Details

Closed on
May 8, 1998
Sold by
Biltwell Inc
Bought by
Cartrette Anthony Miles

Purchase Details

Closed on
May 22, 1995
Sold by
Riddle Iii Joseph Palmer
Bought by
Biltwell Inc
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
Moore Mitchell Lee $140,000 None Available
Hashem Adam $111,000 None Available
Pierce Renee M $80,000 None Available
Biancardi Sandra M -- None Available
Federal Home Loan Mortgage Corporation -- None Available
Schmitt Alec D $144,500 None Available
Joseph Nicholas R $107,500 None Available
Mason Clara L $102,500 None Available
Cartrette Jennifer Beth -- --
Cartrette Anthony Miles $90,000 --
Biltwell Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moore Mitchell Lee $134,400
Previous Owner Pierce Renee M $82,325
Previous Owner Schmitt Alec D $137,275
Previous Owner Mason Clara L $87,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2021 02/23/21 Sold $140,000 -6.6% $118 / Sq Ft
01/24/2021 01/24/21 Pending -- -- --
12/31/2020 12/31/20 For Sale $149,900 0.0% $127 / Sq Ft
12/31/2020 12/31/20 Price Changed $149,900 +35.0% $127 / Sq Ft
07/30/2019 07/30/19 Sold $111,000 -1.7% $93 / Sq Ft
07/23/2019 07/23/19 Pending -- -- --
07/22/2019 07/22/19 For Sale $112,900 +41.1% $95 / Sq Ft
10/23/2012 10/23/12 Sold $80,000 -11.1% $68 / Sq Ft
09/24/2012 09/24/12 Pending -- -- --
07/16/2012 07/16/12 For Sale $90,000 -- $77 / 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 $1,090 $125,300 $0 $125,300
2022 $1,065 $125,300 $0 $125,300
2021 $1,072 $125,300 $0 $125,300
2020 $889 $84,400 $0 $84,400
2019 $889 $84,400 $0 $84,400
2018 $0 $84,400 $0 $84,400
2017 $889 $84,400 $0 $84,400
2016 $998 $90,100 $0 $90,100
2015 $954 $90,100 $0 $90,100
2014 $914 $90,100 $0 $90,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100248672

Hive MLS

APN: R04908-007-001-138