NOT LISTED FOR SALE

130 SE 40th St Oak Island, NC 28465

Estimated Value: $784,000 - $1,030,176

0.15 Acre
$6,298,627 Price per Acre
6,534 Sq Ft Lot

Last Sold January 10, 2017

Last sale price $118,000

Est. 701% increase in value since last sale

Current estimated payment $5,254/month

121 Days on Market

Highlights

  • Water Views
  • Ocean Side of Freeway
  • No HOA
  • Southport Elementary School Rated 9+
  • Wooded Lot
  • Property fronts a marsh

About This Lot

As of January 2017

Stunning lot located on the South side of Oak Island drive and across from ''Heron Lookout''. Enjoy expansive canal and marsh views and potential ocean views from front of property. This homesite is approximate 60'(x)114' deep and is approximately 1,000 feet to the beach. Do you like fishing, crabbing or casting for bait? Look no further, all you need to do is go across the street! This parcel is centrally located close to Town Hall, the Police Station & Town multipurpose fields where you can enjoy the farmers market and various festivals.

Last Agent to Sell the Property

Brooke Rudd

Margaret Rudd Assoc/O.I. License #207711 Listed on: 08/09/2016

Last Buyer's Agent

Marguerite Greene

Century 21 Collective License #283390

Century 21 Collective

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,695

Lot Details

  • 6,534 Sq Ft Lot
  • Property fronts a marsh
  • Wooded Lot
  • Property is zoned OK-R-6a

Property Views

  • Water Views

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 235mg05303

Community Details

Overview

  • No Home Owners Association
  • Long Beach Subdivision

Recreation

  • Access to marsh
  • Ocean Side of Freeway

Property Details

Property Type

Land

Est. Annual Taxes

$3,695

Lot Details

0

Listing Details

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

Exterior Features

  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Waterfront: No
  • Waterview: Yes

Utilities

  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Service Providers Electric Provider: Brunswick Electric
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Utilities: Sewer Available, Water Available, Water Tap Available, Sewer Tap Available

Association/Amenities

  • HOA: No

Lot Info

  • Deed Page: 983.00
  • Lot Dimensions: 60(x)114(x)60(x)114
  • Lot Sq Ft: 6534.00
  • Lot Water Features: Ocean Side, Salt Marsh
  • Zoning: OK-R-6a
  • Acres: 0.15
  • Current Use: Residential
  • Deed Restriction: No
  • Environmental Hazard: Unknown
  • Flood Zone: Yes
  • List Price per Acre: 900000.00
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Wooded
  • Lot View Type: Canal, Water, Ocean, Marsh View

Tax Info

  • Tax Identifier: 235mg05303
  • Tax Year: 2015
  • 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
Aug 9, 2016
Closed on
Jan 3, 2017
Sold by
Magnone David and Magnone Michael
Bought by
Greene Robert W and Greene Marguerite S
Seller's Agent
Brooke Rudd
Margaret Rudd Assoc/O.I.
Buyer's Agent
Marguerite Greene
Century 21 Collective
List Price
$135,000
Sold Price
$118,000
Premium/Discount to List
-$17,000
-12.59%
Current Estimated Value
$944,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$826,794
Avg. Annual Appreciation
26.63%

Purchase Details

Closed on
Jul 18, 2016
Sold by
Magnone David
Bought by
Magnone David and Magnone Michael
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
Greene Robert W $118,000 None Available
Magnone David $64,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/10/2017 01/10/17 Sold $118,000 -12.6% --
12/08/2016 12/08/16 Pending -- -- --
08/09/2016 08/09/16 For Sale $135,000 +110.9% --
05/30/2014 05/30/14 Sold $64,000 -3.0% -- View Prior Sale
05/15/2014 05/15/14 Pending -- -- --
05/14/2014 05/14/14 For Sale $66,000 -- --
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 $3,695 $862,470 $288,000 $574,470
2024 $3,695 $862,470 $288,000 $574,470
2023 $3,267 $862,470 $288,000 $574,470
2022 $3,267 $553,800 $102,000 $451,800
2021 $3,207 $553,800 $102,000 $451,800
2020 $2,371 $403,960 $102,000 $301,960
2019 $548 $102,000 $102,000 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100024886

Hive MLS

APN: 235MG05303