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8380 Penny Royal Lane

8380 Penny Royal Lane, Wilmington, NC 28412
Property in New Hanover
Sold Aug 20, 2021
$480,000
$384,000 by Rocket Mortgage Llc
Mortgage Due Sep 01, 2051
Sold Jan 17, 2020
$380,000
$569,850 by Reserve Mortgage Funding Llc
Mortgage
8380 Penny Royal Lane in Wilmington, NC was first built in 2018 and is 6 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 patio home style. It is a single story home. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 8380 Penny Royal Lane has 2,124 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. In total, the area measurement of the land is 20,909 square feet.

Learn more about the property and building on this page. There is a open porch. Water for the property is sourced from a well system. The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. For those who need parking, there is a garage. The garage is 462 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of B-. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 8380 Penny Royal Lane was last sold in Aug 20, 2021 for $480,000. According to our calculations, that's $225.99 per sqft. Prior to that sales transaction, the property was sold for $380,000 in Jan 15, 2020. Current property owners are expected to pay $1,949 in taxes per year. The property on 8380 Penny Royal Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $364,100. To break that down further, the land itself was valued at $99,900. While improvements to the property were assessed at a total of $264,200. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Average
  • Building Quality: B-
  • Building Style: Patio home
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,644
  • Garage Type: Garage
  • Garage Square Area: 462
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 20,909
  • Total Building Area: 2,124
  • Building Area: 2,124
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 2,124
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: RIVER OAKS HOMESTEAD ESTATES
  • Land Acres: 0.48
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: LOT 25 PH 1B RIVER OAKS HOMESTEAD ESTATES

Ownership

  • Current Owner : TURNIPSEED LARRY
  • Current Owner 2: TURNIPSEED PATRICIA
  • Previous Owner : ESPOSITO RICHARD
  • Previous Owner 2: MILLER ROBIN GAIL
  • Owner Before Previous Owner: BILL CLARK HOMES OF WILMINGTON LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: New Hanover County Schools
  • School Tax School District: FIRE DISTRICT
  • Census Tract: 012107

Zoning

  • Zoning: R-15,RESID

Geography

  • Assessors Map Reference: MAP 8100
  • District: FD
  • Parcel: R08100-006-369-000
  • Block: 6
  • Lot: 25
  • Municipality: FIRE DISTRICT
  • Latitude: 34.0775
  • Longitude: -77.9128

    Address

  • Full Address: 8380 Penny Royal Ln
  • Address - House Number: 8380
  • Address - Street Name: Penny Royal
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Wilmington
  • Carrier Code: R040
  • 4-Digit Zip Code: 1043
  • Zip Code: 28412

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,949
  • Tax Rate Code Area: FD

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 77
  • Final Value: 563,089
  • High Value: 663,092
  • Low Value: 463,086

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $384,000
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Aug 20, 2021
  • First Open Lien Mortgage Loan Amount: $384,000
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $364,100
  • Market Land Value: $99,900
  • Market Improvement Value: $264,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $364,100
  • Assessed Land Value: $99,900
  • Assessed Improvements Value: $264,200

    Sales

  • Current Sale Contract Date: Aug 20, 2021
  • Current Sale Recording Date: Aug 20, 2021
  • Current Sale Transaction ID: 11850737210
  • Current Sale Price: $480,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021040925
  • Previous Sale Recording Date: Jan 17, 2020
  • Previous Sale Contract Date: Jan 15, 2020
  • Previous Sale Amount: $380,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Aug 20, 2021
  • First Mortgage Loan Amount: $384,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: RESERVE MORTGAGE FUNDING LLC
  • Previous Mortgage Transaction Date: Jan 17, 2020
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $569,850
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA

About New Hanover



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Frequently Asked Questions

What neighborhood is 8380 Penny Royal Lane located in?
The 8380 Penny Royal Lane is a located in the neighborhood of New Hanover in New Hanover, Wilmington.
What is the average sales price for listings in 8380 Penny Royal Lane?
The average sales price for units in 8380 Penny Royal Lane is $0 currently.

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