NOT LISTED FOR SALE

118 SE 40th St Oak Island, NC 28465

Estimated Value: $758,000 - $997,162

0.16 Acre
$5,534,631 Price per Acre
6,970 Sq Ft Lot

Last Sold August 20, 2021

Last sale price $190,000

Est. 366% increase in value since last sale

Current estimated payment $4,925/month

204 Days on Market

Highlights

  • Water Views
  • No HOA
  • Level Lot
  • Southport Elementary School Rated 9+

About This Lot

As of August 2021

Seeking to build close to the beach? Canal and Marsh view lot! Steps to the beach too. Lot is 61 feet wide and can accommodate a large 2 story home.

Last Agent to Sell the Property

Christopher Kuhn

RE/MAX at the Beach / Oak Island License #209254 Listed on: 01/04/2021

Last Buyer's Agent

Lindsey Jenkins

Century 21 Collective License #300358

Century 21 Collective

Property Details

Property Type

  • Land

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 61x110
  • Level Lot

Property Views

  • Water Views

Schools

  • Southport Elementary School
  • South Brunswick Middle School
  • South Brunswick High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 235mg053

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Type Frontage: Paved
  • Waterfront: No
  • Waterview: Yes

Utilities

  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None

Association/Amenities

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

Lot Info

  • Deed Book: 4275
  • Deed Page: 489.00
  • Lot Dimensions: 61x110
  • Lot Sq Ft: 6970.00
  • Zoning: Residential
  • Acres: 0.16
  • Deed Restriction: No
  • Environmental Hazard: No
  • List Price per Acre: 1249375.00
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Level

Tax Info

  • Tax Identifier: 235mg053
  • Tax Year: 2020
  • Deferred Taxes: No

MLS Schools

  • Elementary School: Southport
  • High School: South Brunswick
  • Middle School: South Brunswick
  • School District: Brunswick

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2021
Closed on
Aug 12, 2021
Sold by
Eppers Susan Ann and Susan Ann Eppers Revocable Tru
Bought by
Allmon Chad and Allmon Ashley
Seller's Agent
Christopher Kuhn
RE/MAX at the Beach / Oak Island
Buyer's Agent
Lindsey Jenkins
Century 21 Collective
List Price
$209,900
Sold Price
$190,000
Premium/Discount to List
-$19,900
-9.48%
Current Estimated Value
$885,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$695,541
Avg. Annual Appreciation
44.39%

Purchase Details

Listed on
Mar 27, 2019
Closed on
Nov 9, 2019
Sold by
Tate Robert and Tate Leigh F
Bought by
Eppers Susan Ann and Susan Ann Eppers Revocable Tru
Seller's Agent
John Hamilton
Better Beach Sales & Rentals, Inc.
Buyer's Agent
Christopher Kuhn
Coldwell Banker Sea Coast Advantage
List Price
$149,900
Sold Price
$135,000
Premium/Discount to List
-$14,900
-9.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.43%

Purchase Details

Listed on
Jun 6, 2014
Closed on
Jun 12, 2014
Sold by
Leonard Danny C and Leonard Dorothy K
Bought by
Tate Robert and Tate Leigh F
Seller's Agent
Libba Motsinger
Margaret Rudd Assoc/O.I.
Buyer's Agent
John Hamilton
Better Beach Sales & Rentals, Inc.
List Price
$75,000
Sold Price
$74,000
Premium/Discount to List
-$1,000
-1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.80%
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
Allmon Chad $190,000 None Available
Eppers Susan Ann $135,000 None Available
Tate Robert $74,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/20/2021 08/20/21 Sold $190,000 -5.0% --
07/27/2021 07/27/21 Pending -- -- --
06/02/2021 06/02/21 Price Changed $199,900 -2.4% --
04/21/2021 04/21/21 Price Changed $204,900 -2.4% --
01/04/2021 01/04/21 For Sale $209,900 +55.5% --
11/18/2019 11/18/19 Sold $135,000 -9.9% -- View Prior Sale
10/11/2019 10/11/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $149,900 +102.6% --
06/30/2014 06/30/14 Sold $74,000 -1.3% -- View Prior Sale
06/06/2014 06/06/14 Pending -- -- --
06/06/2014 06/06/14 For Sale $75,000 -- --
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 -- $858,110 $240,000 $618,110
2024 $3,478 $858,110 $240,000 $618,110
2023 $464 $833,990 $240,000 $593,990
2022 $0 $85,000 $85,000 $0
2021 $0 $85,000 $85,000 $0
2020 $459 $85,000 $85,000 $0
2019 $459 $85,000 $85,000 $0
2018 $354 $65,000 $65,000 $0
2017 $354 $65,000 $65,000 $0
2016 $351 $65,000 $65,000 $0
2015 $351 $65,000 $65,000 $0
2014 $987 $202,400 $202,400 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Christopher Kuhn

    RE/MAX

  • Lindsey Jenkins

    Buyer's Agent in 2021

    Lindsey Jenkins

    Century 21 Collective

    (910) 368-9626

    142 in this area

    245 Total Sales

    Lindsey Jenkins
    Section Image
  • John Hamilton

    Seller's Agent in 2019

    John Hamilton

    Better Beach Sales & Rentals, Inc.

    (910) 278-1147

    200 in this area

    227 Total Sales

    John Hamilton
    Section Image
  • Chris Kuhn

    Buyer's Agent in 2019

    Chris Kuhn

    RE/MAX

    (910) 367-3347

    97 in this area

    136 Total Sales

    Chris Kuhn
    Section Image

  • L

    Seller's Agent in 2014

    Libba Motsinger

    Margaret Rudd Assoc/O.I.

See All Agents

Map

Source: Hive MLS

MLS Number: 100250832

Hive MLS

APN: 235MG053

North Carolina Brunswick County Oak Island 28465

118 SE 40th St, Oak Island, NC

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