$240,000
SOLD DEC 15, 2021

1301 Arendell St Morehead City, NC 28557

-- Bed
-- Bath
4,792 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$50 Per Sq Ft

17% Below List Price

88 Days on Market

Highlights

  • Home fronts a sound
  • Wood Flooring
  • No HOA
  • Morehead City Primary School Rated A-
  • Corner Lot
  • 4-minute walk to Shevans Park

About This Home

As of December 2021

Great potential and visability with this downtown corner commercial lot with water view! Close to all the restaurants, shops and Morehead waterfront we all love. Short walk to Bogue Sound access. Current zoning is CD but may allow Multi Family/residential development.Natural gas service available. Current structure given no value due to storm damage. Contact Town of Morehead City Planning and Zoning for allowable options for development.

Last Agent to Sell the Property

Alan Leary

RE/MAX Ocean Properties License #125734 Listed on: 07/08/2021

RE/MAX Ocean Properties

Last Buyer's Agent

Ned Grady

NED GRADY REALTY LLC License #91887

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,090

Year Built

  • Built in 1935

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Home fronts a sound
  • Corner Lot
  • Open Lot
  • Property is zoned CD

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Flooring

  • Wood
  • Carpet
  • Laminate

Attic

  • Attic Access Panel

Finished Basement

  • Partial Basement
  • Crawl Space

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • Central Air
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Morehead City Subdivision

Listing and Financial Details

  • Tax Lot L 15 B 21
  • Assessor Parcel Number 638618419378000

Property Details

Property Type

Other

Est. Annual Taxes

$1,090

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: G
  • Sub Type: Improved
  • Sub Type2: Mixed Use, Office, Retail
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Year Built: 1935
  • Definition: RE W/O Business
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Attic: Access Only
  • Basement: Finished - Partial
  • Flooring: Carpet, Laminate, Wood

Exterior Features

  • Exterior Finish: Wood Siding
  • Foundation: Crawl Space
  • Road Type Frontage: Maintained, Paved, Public (City/Cty/St)
  • Roof: See Remarks, Shingle
  • Road Trans Access Airport: Less than 5 Miles
  • Road Trans Access Interstate: 16+ Miles
  • Road Trans Access Port: Less than 5 Miles
  • Road Trans Access Rail: Less than 5 Miles
  • Road Trans Access State Highway: Less than 5 Miles

Garage/Parking

  • Parking Driveway: Off Street, Paved
  • Garage: No
  • Number Of Parking Spaces: 3

Utilities

  • Cooling System: Central, None
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: None
  • Service Providers Electric Provider: Duke Progress Energy
  • Service Providers Natural Gas Provider: Piedmont Natural Gas Co.
  • Service Providers Sewer Provider: City of Morehead City
  • Service Providers Water Provider: City of Morehead City
  • Utilities: Municipal Sewer, Municipal Water, Natural Gas Available
  • Water Heater: Electric

Association/Amenities

  • HOA: No
  • HOA Amenities: No Amenities

Lot Info

  • Deed Book: 1700
  • Deed Page: 297.00
  • Lot Acres: 0.11
  • Lot Description: Corner Lot, Open
  • Lot Dimensions: 50 x 100
  • Lot Number: L 15 B 21
  • Lot Sq Ft: 4792.00
  • Lot Water Features: None, Sound Side
  • Plat Book: 1
  • Plat Page: 139
  • Zoning: CD

Green Features

  • Green Bldg Features: None

Tax Info

  • Tax Identifier: 638618419378000
  • Tax Year: 2020
  • Total City Real Estate Property Tax: 515.00
  • Total Real Estate Property Taxes: 1090.24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2024
Sold by
Grady Wiggins Construction Llc
Bought by
Grady Wiggins Holdings Llc
Current Estimated Value
$529,000

Purchase Details

Listed on
Jul 8, 2021
Closed on
Dec 13, 2021
Sold by
Giblin Martin William and Giblin Michele Guerin
Bought by
Grady Wiggins Construction Llc and B & D Holding Company Of Morehead Llc
Seller's Agent
Alan Leary
RE/MAX Ocean Properties
Buyer's Agent
Ned Grady
NED GRADY REALTY LLC
List Price
$287,500
Sold Price
$240,000
Premium/Discount to List
-$47,500
-16.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.93%
Original Mortgage
$156,000
Interest Rate
3.09%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Nov 6, 2020
Closed on
Dec 16, 2020
Sold by
Olmstead Floyd L and Olmstead Shanna B
Bought by
Giblin Martin William and Giblin Michelle Guerin
Seller's Agent
Alan Leary
RE/MAX Ocean Properties
Buyer's Agent
Alan Leary, III
Century 21 Coastal Advantage
List Price
$17,500
Sold Price
$175,000
Premium/Discount to List
$157,500
900%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.14%

Purchase Details

Closed on
Apr 23, 2012
Sold by
Brophy William H and Brophy Constance A
Bought by
Olmstead Floyd L and Olmstead Shana B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $240,000 None Available
Warranty Deed $175,000 None Available
Warranty Deed $130,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $156,000 Future Advance Clause Open End Mortgage
Previous Owner $117,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2021 12/15/21 Sold $240,000 -13.5% $50 / Sq Ft
10/04/2021 10/04/21 Pending -- -- --
08/10/2021 08/10/21 Price Changed $277,500 -3.5% $58 / Sq Ft
07/08/2021 07/08/21 For Sale $287,500 +64.3% $60 / Sq Ft
12/16/2020 12/16/20 Sold $175,000 +900.0% $135 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
12/16/2020 12/16/20 For Sale $17,500 -- $13 / 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
2024 $12 $151,443 $102,500 $48,943
2023 $530 $151,443 $102,500 $48,943
2022 $515 $151,443 $102,500 $48,943
2021 $0 $151,443 $102,500 $48,943
2020 $515 $151,443 $102,500 $48,943
2019 $471 $146,945 $88,406 $58,539
2017 $471 $146,945 $88,406 $58,539
2016 $471 $146,945 $88,406 $58,539
2015 $456 $146,945 $88,406 $58,539
2014 $422 $135,571 $82,790 $52,781
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100280109

Hive MLS

APN: 6386.18.41.9378000