NOT LISTED FOR SALE

128 W Third St Ocean Isle Beach, NC 28469

Estimated Value: $1,556,000 - $2,040,000

0.15 Acre
$12,070,047 Price per Acre
6,598 Sq Ft Lot

Last Sold February 25, 2014

Last sale price $300,000

Est. 504% increase in value since last sale

Current estimated payment $10,142/month

26 Days on Market

Highlights

  • Water Views
  • Community Pool
  • Maintained Community
  • Union Elementary School Rated A-
  • Level Lot

About This Lot

As of February 2014

1 marsh front foreclosure residential lots located in The Resort At Ocean Isle Beach. This unique resort community offers the distinct advantage of being a new home development in the midst of a small beach community that's been growing for decades. Everything you need from shops to restaurants is already here and located nearby this desirable resort community. The Resort is one of the very last few communities to provide an oceanfront pool with clubhouse facilities. Changes in local planning board considerations currently place substantial restrictive limits on permitting for ocean-front community amenities like these. Don't miss this incredible opportunity to purchase a premier property at a foreclosure price.

Last Agent to Sell the Property

Bryan Greene

Cameron Management, Inc License #178965 Listed on: 01/24/2014

Last Buyer's Agent

Linda Register

Intracoastal Realty License #181404

Intracoastal Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,000

Lot Details

  • 6,598 Sq Ft Lot
  • Lot Dimensions are 50x115
  • Level Lot
  • Cleared Lot
  • Property is zoned OI-R-1

HOA Fees

  • $46 Monthly HOA Fees

Property Views

  • Water Views

Listing and Financial Details

  • Tax Lot 74
  • Assessor Parcel Number 106520900578

Community Details

Overview

  • The Resort At Oib Subdivision
  • Maintained Community

Recreation

  • Community Pool

Property Details

Property Type

Land

Est. Annual Taxes

$3,000

Lot Details

0

HOA Fees

$46 per month

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Special Features: 20
  • Property Sub Type: LotsLands

Exterior Features

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

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Maint - Grounds, Pool
  • Annual HOA: 556.00

Lot Info

  • Deed Book: 2330
  • Deed Page: 558.00
  • Lot Dimensions: 50X115
  • Lot Number: 74
  • Lot Sq Ft: 6598.00
  • Zoning: OI-R-1
  • Acres: 0.15
  • List Price per Acre: 2233333.33
  • Topography: Cleared, Level
  • Lot Number2: 74

Tax Info

  • Tax Identifier: 106520900578
  • Tax Year: 2013
  • Total City Real Estate Property Tax: 3000.00
  • Total Real Estate Property Taxes: 3000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2017
Sold by
Gargano Kevin and Gargano Linda
Bought by
Wee Gerard Ter and Wee Carol Ter
Current Estimated Value
$1,810,507

Purchase Details

Listed on
Jan 24, 2014
Closed on
Feb 19, 2014
Sold by
Land Holding Llc
Bought by
Gargano Kevin and Gargano Linda
Seller's Agent
Bryan Greene
Cameron Management, Inc
Buyer's Agent
Linda Register
Intracoastal Realty
List Price
$335,000
Sold Price
$300,000
Premium/Discount to List
-$35,000
-10.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.73%
Original Mortgage
$225,000
Interest Rate
4.43%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Wee Gerard Ter $395,000 None Available
Gargano Kevin $300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gargano Kevin $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2014 02/25/14 Sold $300,000 -10.4% --
02/19/2014 02/19/14 Pending -- -- --
01/24/2014 01/24/14 For Sale $335,000 -- --
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 $5,510 $1,435,700 $540,000 $895,700
2024 $5,510 $1,435,700 $540,000 $895,700
2023 $4,897 $1,435,700 $540,000 $895,700
2022 $4,897 $885,960 $285,000 $600,960
2021 $4,897 $885,960 $285,000 $600,960
2020 $4,844 $885,960 $285,000 $600,960
2019 $4,564 $342,460 $285,000 $57,460
2018 $1,181 $240,120 $230,000 $10,120
2017 $1,128 $230,000 $230,000 $0
2016 $1,126 $230,000 $230,000 $0
2015 $1,126 $230,000 $230,000 $0
2014 $1,559 $350,000 $350,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 20679932

Hive MLS

APN: 257FO074