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218 Chimney Lane

218 Chimney Lane, Wilmington, NC 28409
Property in Old Chimney
Sold Mar 15, 2021
$785,000
$520,000 by Corning Fcu
Mortgage Due Apr 01, 2051
Sold Dec 20, 2019
$668,000
$667,788 by Affiliated Mortgage Services
Mortgage Due Jan 01, 2050
218 Chimney Lane has been categorized by the local assessors in Wilmington, NC as a residential type of property. The building on the property was first built in 1990 and is 34 years old. The home has a total of 4 bedrooms. Residents will have access to 4 full bathrooms. There are 5 partial bathrooms in the home. The building has a total of 2 stories. In addition, 218 Chimney Lane has 3,275 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a building with no basement that is 805 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 42,689 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a contemporary style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 550 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as good. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of wood. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heat pump and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 218 Chimney Lane sold most recently in Mar 9, 2021 for a total of $785,000. If you work out the math, that's approximately a cost of $239.69 per sqft. Before that, the property was also sold for $668,000 in Dec 17, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,324 in taxes each year. 218 Chimney Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $623,200. If we break it down further, the land itself was valued at $175,000. Improvements to the property, however, were assessed at a total of $448,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 20
  • Building Condition: Good
  • Building Quality: B
  • Building Style: Contemporary
  • Exterior Walls Type: Wood
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 805
  • Garage Type: Garage
  • Garage Square Area: 550
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 42,689
  • Total Building Area: 3,275
  • Building Area: 3,275
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 3,275
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OLD CHIMNEY
  • Land Acres: 0.98
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: LT 18 OLD CHIMNEY

Ownership

  • Current Owner : COFFIN MILES CAMERON
  • Current Owner 2: COFFIN JORDAN G
  • Previous Owner : LEONE NICCOLO C
  • Previous Owner 2: LEONE ERICA P
  • Owner Before Previous Owner: BRODEUR DALE R
  • Owner Before Previous Owner 2: BRODEUR CINDY A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: New Hanover County Schools
  • School Tax School District: FIRE DISTRICT
  • Census Tract: 012108

Zoning

  • Zoning: R-15,RESID

Geography

  • Assessors Map Reference: MAP 8215
  • District: FD
  • Parcel: R08215-002-009-000
  • Block: 2
  • Lot: 18
  • Municipality: FIRE DISTRICT
  • Latitude: 34.0859
  • Longitude: -77.8871

    Address

  • Full Address: 218 Chimney Ln
  • Address - House Number: 218
  • Address - Street Name: Chimney
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Wilmington
  • Carrier Code: R018
  • 4-Digit Zip Code: 4910
  • Zip Code: 28409

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,324
  • Tax Rate Code Area: FD

    Appraisal Valuation

  • Standard Deviation: 0.1539
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 81
  • Final Value: 996,783
  • High Value: 1,150,224
  • Low Value: 843,341

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $520,000
  • First Open Lien Mortgage Lender: CORNING FCU
  • First Open Lien Mortgage Recording Date: Mar 15, 2021
  • First Open Lien Mortgage Loan Amount: $520,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $623,200
  • Market Land Value: $175,000
  • Market Improvement Value: $448,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $623,200
  • Assessed Land Value: $175,000
  • Assessed Improvements Value: $448,200

    Sales

  • Current Sale Contract Date: Mar 09, 2021
  • Current Sale Recording Date: Mar 15, 2021
  • Current Sale Transaction ID: 11826660784
  • Current Sale Price: $785,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021012461
  • Previous Sale Recording Date: Dec 20, 2019
  • Previous Sale Contract Date: Dec 17, 2019
  • Previous Sale Amount: $668,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CORNING FCU
  • First Mortgage Transaction Date: Mar 15, 2021
  • First Mortgage Loan Amount: $520,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: AFFILIATED MORTGAGE SERVICES
  • Previous Mortgage Transaction Date: Dec 20, 2019
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $667,788
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2050

About Myrtle Grove



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Frequently Asked Questions

What neighborhood is 218 Chimney Lane located in?
The 218 Chimney Lane is a located in the neighborhood of Old Chimney in Myrtle Grove, Wilmington.
What is the average sales price for listings in 218 Chimney Lane?
The average sales price for units in 218 Chimney Lane is $0 currently.

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