NOT LISTED FOR SALE

8809 Olympic Ln Wilmington, NC 28411

Estimated Value: $675,151 - $699,000

4 Beds
2.5 Baths
2,671 Sq Ft
$255/Sq Ft Est. Value

Last Sold February 26, 2024

Last sale price $629,900 $236 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,988/month

8 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Boat Ramp
  • Main Floor Primary Bedroom
  • Porters Neck Elementary School Rated A-
  • Wood Flooring
  • Bonus Room

About This Home

As of February 2024

Welcome home to Porters Neck Plantation and the beautiful tree-lined streets of the Bishops Park Community. This one-owner, quality brick home is situated on a highly desirable corner lot with beautiful, mature landscaping. Upon entry, you're greeted by a large foyer leading to a formal dining room and a living room that includes expansive windows allowing an abundance of natural light. Beautiful, refinished hardwood floors connect a large family room with a fireplace, bright and sunny breakfast nook and a remodeled kitchen with granite countertops, white cabinetry, beautiful white tiled backsplash, stainless steel appliances and a bar area all with an open concept. A large downstairs owner's suite includes expansive windows for letting in natural light, doors leading to an outside patio and a spacious updated en suite bathroom complete with tiled shower, jetted tub, and a large walk-in closet. Upstairs provides 3 more bedrooms, an updated full bathroom with double vanity and a spacious bonus room/flex space. This beautiful home includes a spacious 2 car garage and a large partly covered patio providing ample space to enjoy nature and the privacy of your backyard as well as entertain family and friends. Other recent updates include new plumbing and new windows!! Porters Neck Plantation offers a private waterfront park/picnic area and deeded water rights with a boat ramp to the beautiful Intracoastal Waterway. Enjoy paddle boarding, kayaking, boating, etc. Optional memberships are available to Porters Neck Country Club which offers tennis, pool, dining, fitness, and golf. See this beautiful home with so much to offer. It will not last long!

Last Agent to Sell the Property

Gary Traflet

Living Seaside Realty Group License #246499 Listed on: 01/18/2024

Last Buyer's Agent

Shana Morgan

RE/MAX Essential

RE/MAX Essential

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,247

Year Built

  • Built in 1994

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 127'x95'x108'x138'
  • Property fronts a private road
  • Irrigation
  • Property is zoned R-20

HOA Fees

  • $77 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Stick Built Home

Interior Spaces

  • 2,671 Sq Ft Home
  • 2-Story Property
  • Tray Ceiling
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Bonus Room
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Built-In Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry Room
  • Dryer
  • Washer

Attic

  • Storage In Attic
  • Scuttle Attic Hole
  • Partially Finished Attic

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Accessible Home Design

  • Accessible Ramps

Outdoor Features

  • Deeded Waterfront Access Rights
  • Boat Ramp
  • Covered Patio or Porch

Schools

  • Porters Neck Elementary School
  • Holly Shelter Middle School
  • Laney High School

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R02918-002-001-000

Community Details

Overview

  • Cams Association, Phone Number (910) 256-2021
  • Porters Neck Plantation Subdivision
  • Maintained Community

Additional Features

  • Picnic Area
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,247

Year Built

Built in 1994

Lot Details

0

HOA Fees

$77 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 1994
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Eave Storage, Floored - Partial, Scuttle
  • Basement: None
  • Dining Room Type: Formal, Kitchen
  • Fireplace: 1
  • Flooring: Carpet, Wood
  • Heated Sq Ft: 2600 - 2799
  • Interior Amenities: 1st Floor Master, 9Ft+ Ceilings, Blinds/Shades, Ceiling - Trey, Ceiling Fan(s), Foyer, Gas Logs, Pantry, Smoke Detectors, Solid Surface
  • Laundry Location: Room
  • List Price per Sq Ft: 235.83
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Bedrooms: 4
  • Number Rooms: 11
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bonus Room Level: Second
  • Breakfast Nook Level: First
  • Dining Room Level: First
  • Family Room Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First
  • Other Level: First
  • Sq Ft Heated: 2671.00
  • Total Heated Primary Separate Sq Ft: 2671.00

Exterior Features

  • Exterior Features: Irrigation System
  • Exterior Finish: Brick Veneer
  • Fencing: None
  • Foundation: Crawl Space
  • Porch Balcony Deck: Covered, Patio, Porch
  • Road Type Frontage: Paved, Private
  • Roof: Architectural Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: Off Street, On Site

Utilities

  • Appliances Equipment: Dishwasher, Disposal, Dryer, Microwave - Built-In, Refrigerator, Washer
  • Cooling System: Heat Pump
  • Fuel Tank: None
  • Heating System: Forced Air, Heat Pump
  • Service Providers Electric Provider: Duke Progress Energy
  • Service Providers Sewer Provider: Cape Fear Public Utility Authority
  • Service Providers Water Provider: Cape Fear Public Utility Authority
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Maint - Comm Areas, Maint - Roads, Management, Picnic Area, Ramp
  • HOAAssociationFee1Year: 920.00
  • HOAAssociationName: CAMS
  • HOAAssociationPhone: 9102562021

Lot Info

  • Deed Page: 41.00
  • Lot Acres: 0.30
  • Lot Dimensions: 127'X95'X108'X138'
  • Lot Sq Ft: 13068.00
  • Lot Water Features: Boat Ramp, Deeded Water Access, Deeded Water Rights, Water Access Comm
  • Plat Book: 1
  • Plat Page: 1
  • Zoning: R-20

Tax Info

  • Tax Identifier: R02918-002-001-000
  • Tax Year: 2023
  • Total Real Estate Property Taxes: 2247.27

MLS Schools

  • Elementary School: Porters Neck
  • High School: Laney
  • Middle School: Holly Shelter

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2024
Closed on
Feb 16, 2024
Sold by
Cushman Paul C and Cushman Christine G
Bought by
Torkelson Kevin O and Torkelson Lori A
Seller's Agent
Gary Traflet
Living Seaside Realty Group
Buyer's Agent
Shana Morgan
RE/MAX Essential
List Price
$629,900
Sold Price
$629,900
Views
82
Current Estimated Value
$682,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,138
Avg. Annual Appreciation
5.41%
Original Mortgage
$598,405
Outstanding Balance
$589,084
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$92,954

Purchase Details

Closed on
Nov 24, 1993
Sold by
Porters Neck Company Inc
Bought by
Cushman Paul C Christine G

Purchase Details

Closed on
Feb 17, 1993
Sold by
Sigman Walter W Myrtle H
Bought by
Porters Neck Company Inc

Purchase Details

Closed on
Sep 27, 1989
Sold by
Porters Neck Associates
Bought by
Porters Neck Company Inc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Torkelson Kevin O $630,000 None Listed On Document
Cushman Paul C Christine G $50,000 --
Porters Neck Company Inc $130,000 --
Porters Neck Company Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torkelson Kevin O $598,405
Previous Owner Cushman Paul Carey $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2024 02/26/24 Sold $629,900 0.0% $236 / Sq Ft
01/26/2024 01/26/24 Pending -- -- --
01/18/2024 01/18/24 For Sale $629,900 -- $236 / 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 $2,328 $430,100 $106,500 $323,600
2022 $2,367 $430,100 $106,500 $323,600
2021 $2,367 $430,100 $106,500 $323,600
2020 $2,156 $340,900 $95,400 $245,500
2019 $2,156 $340,900 $95,400 $245,500
2018 $2,156 $340,900 $95,400 $245,500
2017 $2,207 $340,900 $95,400 $245,500
2016 $2,127 $306,900 $95,400 $211,500
2015 $1,976 $306,900 $95,400 $211,500
2014 $1,943 $306,900 $95,400 $211,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Hive MLS

MLS Number: 100422671

Hive MLS

APN: R02918-002-001-000