7500 Masonboro Sound Road, Wilmington, NC 28409 (MLS# 100122366)

$6,600,000

7500 Masonboro Sound Road
Wilmington, NC 28409
MLS# 100122366
Status: Closed

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Property Description
Undeveloped wooded tract of land approx 65 acres. Zoned R-15 w/490 ft of road footage on Masonboro Loop Rd and another 490 ft of road footage on Masonboro Sound Rd. This tract of land would be suitable for a single family coastal development w/an average lot size of 15,000 sqft. Approx 175+ homes sites (subject to all approvals by City of Wilmington).

Details

Maps

Contract Info

Status: Closed

Effective Date: 2018-06-22

Delayed Marketing Date (DM): 2018-06-22

Sub-Type: Residential Land

Auction: No

Listing Price: 8999900

Current Price: $6,600,000

List Price/Acre: 138460

Sub Agent Comm $/%: %

Buyer Agent Comm: 2

Buyer Agent Comm $/%: %

Variable Comm: No

Stipulation of Sale: None

Location Information

Street #: 7500

Street Name: Masonboro Sound

Street Suffix: Road

County: New Hanover

State/Province: NC

Zip Code: 28409

City Limits: Yes

Marketing City: Wilmington

Subdivision: Not In Subdivision

Secondary Subdivision: N/A

Geo Lat: 34.176196

Geo Lon: -77.849517

Remarks and Showing

Directions to Property: S. College to Pine Grove Road to Masonboro Loop Road. Property on your left.

Sign on Property: Yes

Property Exterior Info

Acres - Total: 65

Lot Dimensions: 716x3795x685x3935

Lot SqFt: 2831400

Deed Restriction: No

Total Road Frontage: 490

Waterfront: No

Waterview: No

Location Type: Mainland

Legal and Taxes

Tax Assessed Value: 3163400

Deed Book: 5846

Deed Page: 2706

Legal: PT ANDERSON

Broker Owner: No

PID: 314507.67.6696.000

Tax Identifier: R06700-005-007-000

Special Assessments: None

Tax Year: 2018

Zoning: R-15

HOA: No

Cobra Zone: No

School District: New Hanover

Elementary School: Masonboro

Middle School: Roland Grise

High School: Hoggard

Status Change Info

Under Contract Date: 2019-08-02

Sold Price: $6,600,000

Sold Date: 2020-11-25

Property Features

Bldgs on Property: Main House

Soil Evaluation: Soil Evaluation - No

Topography: Cleared/Partial; Rolling; Undeveloped; Wooded

Fuel Tank: None

Environmental Hazard: Unknown

Lot Description: Wooded; See Remarks

Road Type/Frontage: Maintained; Paved; Public (City/Cty/St)

Lot Water Features: None

HOA and Neigh Amenities: No Amenities

Terms: Cash

Listing Office: Intracoastal Realty Corp

Last Updated: November - 30 - 2020

7500 Masonboro Sound Road, Wilmington, NC 28409 - MLS# 100122366

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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