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2220 Moreland Drive

2220 Moreland Drive, Wilmington, NC 28405
Property in Landfall
Sold Apr 04, 2022
$2,250,000
$1,249,750 by First Bank
Mortgage Due Aug 01, 2053
Sold Oct 29, 2021
$2,100,000
$1,680,000 by Guaranteed Rate Inc
Mortgage Due Nov 01, 2051
2220 Moreland Drive in Wilmington, NC was first built in 2002 and is 22 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a Cape Cod style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 5 full bathrooms. There are 6 partial bathrooms. 2220 Moreland Drive has 5,451 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 960 sqft and has been categorized as a building with no basement. In total, the area measurement of the land is 38,986 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The roof of the home is made of composition shingle. For those who need parking, there is a garage. The garage is 1,026 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of A. The condition of the building has been evaluated as good. The exterior walls of the home are made of brick veneer. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heat pump and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter 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, 2220 Moreland Drive sold most recently in Mar 16, 2022 for a total of $2,250,000. If you work out the math, that's approximately a cost of $412.77 per sqft. Before that, the property was also sold for $2,100,000 in Oct 29, 2021. 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 $995 in taxes each year. 2220 Moreland Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,336,500. If we break it down further, the land itself was valued at $452,100. Improvements to the property, however, were assessed at a total of $884,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 29
  • Building Condition: Good
  • Building Quality: A
  • Building Style: Cape Cod
  • Exterior Walls Type: Brick veneer
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 960
  • Garage Type: Garage
  • Garage Square Area: 1,026
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 38,986
  • Total Building Area: 5,451
  • Building Area: 5,451
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 5,451
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LANDFALL SUBDIVISION
  • Land Acres: 0.895
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: LOT 5 BLK 45 LANDFALL SUBDIVISION 2

Ownership

  • Current Owner : DESIRABLE PROPERTIES LLC
  • Previous Owner : WOJCIECHOWSKI WILLIAM E
  • Previous Owner 2: WOJCIECHOWSKI SHERRY A
  • Owner Before Previous Owner: BROUSE MICHELE
  • Owner Before Previous Owner 2: BROUSE BRENT
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: New Hanover County Schools
  • Census Tract: 011703

Zoning

  • Zoning: R-20,RESID

Geography

  • Assessors Map Reference: MAP 5119
  • District: WM
  • Parcel: R05119-005-039-000
  • Block: 45
  • Lot: 5
  • Municipality: WILMINGTON
  • Latitude: 34.2377
  • Longitude: -77.8032

    Address

  • Full Address: 2220 Moreland Dr
  • Address - House Number: 2220
  • Address - Street Name: Moreland
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Wilmington
  • Carrier Code: C083
  • 4-Digit Zip Code: 4158
  • Zip Code: 28405

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $995
  • Tax Rate Code Area: WM

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 75
  • Final Value: 2,100,430
  • High Value: 2,492,920
  • Low Value: 1,707,940

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,249,750
  • First Open Lien Mortgage Lender: FIRST BANK
  • First Open Lien Mortgage Recording Date: Jul 31, 2023
  • First Open Lien Mortgage Loan Amount: $1,249,750
  • 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: Aug 01, 2053

    Market Valuation

  • Market Total Value: $1,336,500
  • Market Land Value: $452,100
  • Market Improvement Value: $884,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,336,500
  • Assessed Land Value: $452,100
  • Assessed Improvements Value: $884,400

    Sales

  • Current Sale Contract Date: Mar 16, 2022
  • Current Sale Recording Date: Apr 04, 2022
  • Current Sale Transaction ID: 11884116104
  • Current Sale Price: $2,250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 13096
  • Previous Sale Recording Date: Oct 29, 2021
  • Previous Sale Contract Date: Oct 29, 2021
  • Previous Sale Amount: $2,100,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTEED RATE INC
  • Previous Mortgage Transaction Date: Oct 29, 2021
  • Previous Mortgage Loan Amount: $1,680,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2051

About Landfall



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Frequently Asked Questions

What neighborhood is 2220 Moreland Drive located in?
The 2220 Moreland Drive is a located in the neighborhood of Landfall in Landfall, Wilmington.
What is the average sales price for listings in 2220 Moreland Drive?
The average sales price for units in 2220 Moreland Drive is $0 currently.

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