NOT LISTED FOR SALE

8908 Mahogany Run Wilmington, NC 28411

Estimated Value: $1,091,000 - $1,296,000

4 Beds
3.5 Baths
4,207 Sq Ft
$285/Sq Ft Est. Value

Last Sold January 09, 2019

Last sale price $740,000 $176 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $6,763/month

162 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Lake Front
  • Boat Ramp
  • Porters Neck Elementary School Rated A-
  • Boat Dock
  • Gated Community

About This Home

As of January 2019

This executive home just off Futch Creek Road in Porters Neck has spectacular views of Lake Nona plus the 13th and 14th holes of the Tom Fazio golf course. This spring fed lake is the best kept secret in New Hanover County. You have your own private dock on Lake Nona plus a kayak and 14' sunfish will convey with this property. This beautiful brick and stone home features a 2 story great room with a double sided fireplace and soaring windows for the water view. The gourmet kitchen has porcelain glazed cherry cabinets, granite and stainless appliances. There is a breakfast area, a formal dining room, a butlers pantry and elegant wet bar with a wine cooler for entertaining. The all seasons room is perfect for morning coffee or afternoons watching the wildlife around the lake. The master

Last Agent to Sell the Property

Barbara Pugh

Coldwell Banker Sea Coast Advantage License #57803 Listed on: 06/25/2018

Coldwell Banker Sea Coast Advantage

Last Buyer's Agent

Carole Legrain

Porters Neck Real Estate LLC License #225674

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,758

Year Built

  • Built in 1999

Lot Details

  • 0.41 Acre Lot
  • Lake Front
  • Property fronts a private road
  • Irrigation
  • Property is zoned R-20

HOA Fees

  • $83 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Shingle Roof
  • Stone Siding
  • Stick Built Home

Interior Spaces

  • 4,207 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Tray Ceiling
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Gas Log Fireplace
  • Blinds
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Home Office
  • Bonus Room
  • Lake Views
  • Crawl Space
  • Attic Floors

Kitchen

  • Breakfast Area or Nook
  • Double Oven
  • Electric Cooktop
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Driveway

Accessible Home Design

  • Accessible Ramps

Outdoor Features

  • Deeded Waterfront Access Rights
  • Boat Ramp
  • Deck
  • Screened Patio
  • Porch

Utilities

  • Central Air
  • Heating Available
  • Propane
  • Electric Water Heater
  • Water Softener
  • Fuel Tank

Listing and Financial Details

  • Assessor Parcel Number R02920-003-017-000

Community Details

Overview

  • Porters Neck Plantation Subdivision
  • Maintained Community

Amenities

  • Picnic Area

Recreation

  • Boat Dock

Security

  • Security Service
  • Resident Manager or Management On Site
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,758

Year Built

Built in 1999

Lot Details

0

HOA Fees

$83 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: 1999
  • Road Frontage Type: Lake Front
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Floored, Walk-In
  • Basement: None
  • Dining Room Type: Formal
  • Fireplace: 2
  • Flooring: Carpet, Wood, Tile
  • Heated Sq Ft: 4000 - 4499
  • Interior Amenities: 1st Floor Master, Security System, Wet Bar, Walk-In Closet, Walk-in Shower, Smoke Detectors, Skylights, Foyer, Pantry, Gas Logs, Ceiling Fan(s), Ceiling - Trey, Blinds/Shades, 9Ft+ Ceilings
  • Laundry Location: Room
  • List Price per Sq Ft: 182.79
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Bedrooms: 4
  • Number Rooms: 8
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bonus Room Level: Second
  • Breakfast Nook Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First
  • Office Level: First
  • Sq Ft Heated: 4207.00
  • Total Heated Primary Separate Sq Ft: 4207.00

Exterior Features

  • Exterior Features: Irrigation System, Shutters - Board/Hurricane
  • Exterior Finish: Brick, Stone
  • Fencing: None
  • Foundation: Crawl Space
  • Porch Balcony Deck: Deck, Porch, Screened
  • Road Type Frontage: Maintained, Private
  • Roof: Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Garage And Parking Driveway Spaces: 4.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: On Site, Paved

Utilities

  • Appliances Equipment: Central Vac, Dishwasher, Water Softener, Washer, Refrigerator, Microwave - Built-In, Dryer, Double Oven, Disposal, Cooktop - Electric
  • Cooling System: Central
  • Fuel Tank: Propane Buried
  • Fuel Tank Ownership: Leased
  • 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: Boat Dock, Picnic Area, Taxes, Street Lights, Security, Ramp, Gated, Management, Maint - Roads, Maint - Comm Areas
  • HOAAssociationFee1Year: 1000.00

Lot Info

  • Deed Page: 415.00
  • Lot Acres: 0.41
  • Lot Dimensions: Irregular
  • Lot Sq Ft: 17964.00
  • Lot Water Features: Boat Ramp, Water Access Comm, Deeded Water Access
  • Zoning: R-20
  • Lot View Type: Lake View

Tax Info

  • Tax Identifier: R02920-003-017-000
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2018
Closed on
Jan 7, 2019
Sold by
Freeman Carl H and Freeman Meryl K
Bought by
Horton Jerry D and Horton Vickie J
Seller's Agent
Barbara Pugh
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Carole Legrain
Porters Neck Real Estate LLC
List Price
$775,000
Sold Price
$740,000
Premium/Discount to List
-$35,000
-4.52%
Current Estimated Value
$1,200,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$460,920
Avg. Annual Appreciation
7.43%
Original Mortgage
$539,200
Outstanding Balance
$475,047
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$725,873

Purchase Details

Closed on
May 26, 2004
Sold by
Tremain Patricia M David H
Bought by
Freeman Carl H Meryl K

Purchase Details

Closed on
Aug 19, 1998
Sold by
Parker Frederick C Donna M
Bought by
Tremain Patricia M

Purchase Details

Closed on
Apr 12, 1996
Sold by
Porters Neck Co Inc
Bought by
Parker Frederick C Donna M

Purchase Details

Closed on
Oct 18, 1988
Sold by
Hogue Cyrus D Jr Etal Trustees
Bought by
Porters Neck Co Inc
Source: Public Records

Range of Values:

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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
Horton Jerry D $740,000 None Available
Freeman Carl H Meryl K $682,000 --
Tremain Patricia M $145,000 --
Parker Frederick C Donna M $155,000 --
Porters Neck Co Inc $3,623,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horton Jerry D $539,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2019 01/09/19 Sold $740,000 -4.5% $176 / Sq Ft
12/04/2018 12/04/18 Pending -- -- --
06/25/2018 06/25/18 For Sale $775,000 -- $184 / 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
2025 $3,758 $976,800 $233,700 $743,100
2023 $3,758 $705,100 $192,300 $512,800
2022 $3,787 $705,100 $192,300 $512,800
2021 $3,872 $705,100 $192,300 $512,800
2020 $4,173 $659,700 $267,100 $392,600
2019 $4,173 $659,700 $267,100 $392,600
2018 $4,173 $659,700 $267,100 $392,600
2017 $4,272 $659,700 $267,100 $392,600
2016 $5,279 $761,800 $364,200 $397,600
2015 $4,906 $761,800 $364,200 $397,600
2014 $4,822 $761,800 $364,200 $397,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100122613

Hive MLS

APN: R02920-003-017-000