NOT LISTED FOR SALE

Wilmington, NC 28401

Estimated Value: $368,000 - $650,820

4.28 Acres
$114,826 Price per Acre
186,437 Sq Ft Lot

Last Sold June 02, 2023

Last sale price $622,000 $521 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $2,669/month

991 Days on Market

Highlights

  • 4.28 Acre Lot
  • No HOA
  • Level Lot
  • Holly Shelter Middle School Rated 9+

About This Lot

As of June 2023

Combination Commercial and Residential Land Development property available on Castle Hayne Road. This property consists of 4.28 acres. This land is made up of three parcels(2723, 2725 and 2727 Castle Hayne Road). The front portion of the property has close to 300 feet of Castle Hayne Road Street frontage. The Front(East)portion of the land is zoned B-1 and the North-West portion of is zoned R-20. Currently there are 3 rental houses on the property, two of which are occupied by tenants.SPECIFIC INTENT OR ACCEPTED AGREEMENT NECESSARY TO VIEW HOME INTERIORS. Photos now online. Current monthly rental income is $3,138 (tenants pay all utilities and lawn maintenance).The property is mainly being marketed for the land value but the additional income would be beneficial through the planning and development stage.The two zoning classifications enable you to have a business type use on Castle street and tie in a appropriate R-20 use on the back property. Sub-dividing the property is a possibility but the sellers are not going to split up the parcels.Homes are being sold as-is. Any Square Footage listed is only an estimate provided by owners and has not been verified. The northern-most home was recently severely damaged by fire. This is located close to I 1-40 bypass, Downtown Wilmington, ILM Airport and all the growing development in the Castle Hayne Area.

Last Agent to Sell the Property

Don Spiers

Intracoastal Realty Corp License #229315 Listed on: 06/08/2020

Intracoastal Realty Corp

Co-Listed By

Jeff Hovis

Intracoastal Realty Corp License #234605

Last Buyer's Agent

Sherri Ingle

Intracoastal Realty Corp

Intracoastal Realty Corp

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,728

Lot Details

  • 4.28 Acre Lot
  • Level Lot
  • Property is zoned B-1 and R-20

Home Design

  • Mixed Use

Schools

  • Castle Hayne Elementary School
  • Holly Shelter Middle School
  • Laney High School

Utilities

  • On Site Septic
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R03311-006-044-000

Property Details

Property Type

Land

Est. Annual Taxes

$3,728

Lot Details

0

Listing Details

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

Exterior Features

  • Fencing: None
  • Road Type Frontage: Paved, Public (City/Cty/St), Unpaved
  • Waterfront: No
  • Waterview: No
  • Total Road Frontage: 300

Utilities

  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Service Providers Electric Provider: Duke Progress Energy
  • Service Providers Water Provider: Cape Fear Public Utility Authority
  • Utilities: Municipal Water, Septic On Site

Association/Amenities

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

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: See agent notes
  • Lot Description: Multi-Zones
  • Lot Dimensions: varies
  • Lot Sq Ft: 186437.00
  • Lot Water Features: None
  • Zoning: B-1 and R-20
  • Acres: 4.28
  • Current Use: Commercial, Office, Residential, Retail
  • Deed Restriction: No
  • Environmental Hazard: Unknown
  • List Price per Acre: 146028.04
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Level

Tax Info

  • Tax Identifier: R03311-006-044-000
  • Tax Year: 2019
  • Total City Real Estate Property Tax: 3728.00
  • Total Real Estate Property Taxes: 3728.00
  • Deferred Taxes: No

MLS Schools

  • Elementary School: Castle Hayne
  • High School: Laney
  • Middle School: Holly Shelter
  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2020
Closed on
Jun 1, 2023
Sold by
Johnson Malcom L and Johnson Shirley S
Bought by
Johnsons Real Estate Holdings Llc
Seller's Agent
Don Spiers
Intracoastal Realty Corp
Buyer's Agent
Sherri Ingle
Intracoastal Realty Corp
List Price
$625,000
Sold Price
$622,000
Premium/Discount to List
-$3,000
-0.48%
Views
91
Current Estimated Value
$491,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$130,545
Avg. Annual Appreciation
-9.50%
Original Mortgage
$732,000
Outstanding Balance
$702,651
Interest Rate
6.39%
Mortgage Type
Construction
Estimated Equity
-$211,196

Purchase Details

Closed on
Jun 4, 2003
Sold by
Woods Olive Stroupe Trust Etal
Bought by
Johnson Malcom Shirley

Purchase Details

Closed on
Nov 20, 1996
Sold by
Woods Roger D Olive S
Bought by
Woods Roger Sr Olive Irrev Tr
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
Johnsons Real Estate Holdings Llc $472,000 None Listed On Document
Johnson Malcom Shirley $150,000 --
Woods Roger Sr Olive Irrev Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnsons Real Estate Holdings Llc $732,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2023 06/02/23 Sold $622,000 -0.5% $521 / Sq Ft
02/24/2023 02/24/23 Pending -- -- --
03/11/2021 03/11/21 For Sale $625,000 +0.5% $523 / Sq Ft
02/25/2021 02/25/21 Off Market $622,000 -- --
06/08/2020 06/08/20 For Sale $625,000 -- $523 / 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 $853 $704,500 $471,600 $232,900
2023 $853 $350,700 $273,400 $77,300
2022 $1,918 $350,700 $273,400 $77,300
2021 $1,932 $350,700 $273,400 $77,300
2020 $2,391 $378,100 $359,500 $18,600
2019 $2,391 $378,100 $359,500 $18,600
2018 $2,391 $378,100 $359,500 $18,600
2017 $2,448 $378,100 $359,500 $18,600
2016 $2,618 $377,800 $359,500 $18,300
2015 $2,433 $377,800 $359,500 $18,300
2014 $2,391 $377,800 $359,500 $18,300
Source: Public Records

Agents Affiliated with this Home

  • Don Spiers

    Seller's Agent in 2023

    Don Spiers

    Intracoastal Realty Corp

    (910) 465-6055

    3 in this area

    81 Total Sales

    Don Spiers
    Section Image
  • Jeff Hovis

    Seller Co-Listing Agent in 2023

    Jeff Hovis

    Intracoastal Realty Corp

    (910) 256-4503

    9 in this area

    264 Total Sales

    Jeff Hovis
    Section Image
  • Sherri Ingle

    Buyer's Agent in 2023

    Sherri Ingle

    Intracoastal Realty Corp

    (910) 620-7178

    17 in this area

    1,098 Total Sales

    Sherri Ingle
    Section Image
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Source: Hive MLS

MLS Number: 100221247

Hive MLS

APN: R03311-006-044-000

North Carolina New Hanover County Wilmington

28401

This home since 08 June 2020 and is currently estimated at $491,455, approximately $411 per square foot. This home is a home located in New Hanover County with nearby schools including Wrightsboro Elementary School, Holly Shelter Middle School, and New Hanover High School.

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Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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