NOT LISTED FOR SALE

125 NE 4th St Unit 123 A+B 125 A+B Oak Island, NC 28465

Estimated Value: $372,000 - $554,000

8 Beds
4 Baths
3,717 Sq Ft
$126/Sq Ft Est. Value

Last Sold May 03, 2022

Last sale price $649,000 $175 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $2,591/month

12 Days on Market

Highlights

  • No HOA
  • Patio
  • 1-Story Property
  • Southport Elementary School Rated 9+
  • Central Air

About This Home

As of May 2022

RARE multi-family opportunity on Oak Island. Two duplexes spread over a double lot making four rentable units. Each unit consists of 2 bedrooms, with optional 3rd bedroom/multi-purpose room with one bath each. Located in the charming wooded neighborhood of Tranquil Harbor, which is just minutes from the beach & convenient to boat ramps, parks, shopping, restaurants, and the bridge. All units are currently rented.

Last Agent to Sell the Property

Myles Williams

Southport Realty, Inc. License #294530 Listed on: 01/31/2022

Co-Listed By

Brian Deutsch

Southport Realty, Inc. License #231432

Last Buyer's Agent

A Non Member

A Non Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,488

Year Built

  • Built in 1973

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 110x120

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Composite Building Materials

Interior Spaces

  • 4 Bathrooms
  • 1-Story Property

Parking

  • Unpaved Parking
  • On-Site Parking

Outdoor Features

  • Patio

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 16+17
  • Assessor Parcel Number 234eb00901 / 234eb00902

Community Details

Overview

  • No Home Owners Association
  • Tranquil Harbor Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,488

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: C
  • Sub Type: Quadruplex
  • Cobra Zone: No
  • Construction: Block
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: 1st Floor
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: None
  • Interior Amenities: None
  • List Price per Sq Ft: 179.98
  • Total Bathrooms: 4.00
  • Number Bedrooms Total: 8
  • Total Heated Sq Ft: 3717.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Composition
  • Fencing: None
  • Foundation: Slab
  • Porch Balcony Deck: Patio
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Parking Driveway: On Site, Unpaved

Utilities

  • Cooling System: Central
  • Federal Flood Ins Avlbl: No
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: See Remarks
  • Property Mgmt Company: Yes

Lot Info

  • Deed Book: 2143
  • Deed Page: 635.00
  • Lot Acres: 0.30
  • Lot Dimensions: 110x120
  • Lot Number: 16+17
  • Lot Sq Ft: 13068.00
  • Lot Water Features: None
  • Plat Book: 6
  • Plat Page: 34
  • Zoning: Residential

Rental Info

  • Rental Income Gross Rental Income: 3175.00
  • Pets: Yes

Tax Info

  • Tax Identifier: 234eb00901 / 234eb00902
  • Tax Year: 2021

Multi Family

  • Number Total Units: 4

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2022
Closed on
Mar 18, 2022
Sold by
King Scott M
Bought by
Buenau Michael J and Buenau Jennifer L
Seller's Agent
Myles Williams
Southport Realty, Inc.
Buyer's Agent
A Non Member
A Non Member
List Price
$669,000
Sold Price
$649,000
Premium/Discount to List
-$20,000
-2.99%
Current Estimated Value
$466,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$182,154
Avg. Annual Appreciation
-9.06%
Original Mortgage
$243,375
Outstanding Balance
$227,997
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$238,849

Purchase Details

Closed on
Feb 15, 2022
Sold by
King Scott M
Bought by
King Scott M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,375
Outstanding Balance
$227,997
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$238,849
Source: Public Records

Range of Values:

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Average Value
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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
Buenau Michael J $324,500 None Listed On Document
King Scott M -- Geddings & Kleva Pllc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buenau Michael J $243,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2022 05/03/22 Sold $649,000 -3.0% $175 / Sq Ft
02/13/2022 02/13/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $669,000 0.0% $180 / Sq Ft
02/03/2022 02/03/22 Pending -- -- --
01/31/2022 01/31/22 For Sale $669,000 -- $180 / Sq Ft
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 $1,488 $337,250 $147,000 $190,250
2024 $1,488 $337,250 $147,000 $190,250
2023 $766 $337,250 $147,000 $190,250
2022 $766 $111,650 $68,000 $43,650
2021 $736 $111,650 $68,000 $43,650
2020 $711 $111,650 $68,000 $43,650
2019 $711 $68,000 $68,000 $0
2018 $498 $37,000 $37,000 $0
2017 $498 $37,000 $37,000 $0
2016 $473 $37,000 $37,000 $0
2015 $473 $71,070 $37,000 $34,070
2014 $482 $79,070 $45,000 $34,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100309993

Hive MLS

APN: 234EB00902