NOT LISTED FOR SALE

136 SE 40th St Oak Island, NC 28465

Estimated Value: $736,953 - $820,000

0.16 Acre
$4,878,050 Price per Acre
6,840 Sq Ft Lot

Last Sold June 06, 2014

Last sale price $60,000

Est. 1,201% increase in value since last sale

Current estimated payment $4,311/month

1 Day on Market

Highlights

  • Water Views
  • Southport Elementary School Rated 9+
  • Wooded Lot

About This Lot

As of June 2014

Great location just steps from the beach, newly rezoned residential lots across from Davis Canal.

Last Agent to Sell the Property

Libba Motsinger

Margaret Rudd Assoc/O.I. Listed on: 05/14/2014

Last Buyer's Agent

Dot Schuck

Margaret Rudd Assoc/O.I. License #36943

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $450

Lot Details

  • 6,840 Sq Ft Lot
  • Lot Dimensions are 60x114
  • Wooded Lot

Property Views

  • Water Views

Community Details

  • Property has a Home Owners Association
  • Tranquil Harbor Subdivision

Listing and Financial Details

  • Tax Lot Tract C

Property Details

Property Type

Land

Est. Annual Taxes

$450

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

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

Association/Amenities

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

Lot Info

  • Deed Book: 2969
  • Deed Page: 228.00
  • Lot Dimensions: 60X114
  • Lot Number: Tract C
  • Lot Sq Ft: 6840.00
  • Zoning: single family
  • Acres: 0.16
  • List Price per Acre: 412500.00
  • Topography: Wooded
  • Lot Number2: Tract C

Tax Info

  • Tax Year: 2014
  • Total City Real Estate Property Tax: 450.00
  • Total Real Estate Property Taxes: 450.00

MLS Schools

  • School District: Brunswick

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2015
Sold by
Calcorp Development Llc
Bought by
Pakkala Renee and Pakkala Timo
Current Estimated Value
$780,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,650
Outstanding Balance
$214,434
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$566,054

Purchase Details

Listed on
May 14, 2014
Closed on
Jun 1, 2014
Bought by
Calcorp Development Llc
Seller's Agent
Libba Motsinger
Margaret Rudd Assoc/O.I.
Buyer's Agent
Dot Schuck
Margaret Rudd Assoc/O.I.
List Price
$66,000
Sold Price
$60,000
Premium/Discount to List
-$6,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.24%
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
Pakkala Renee $308,500 None Available
Calcorp Development Llc $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pakkala Renee $277,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2014 06/06/14 Sold $60,000 -9.1% --
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 $2,707 $656,240 $288,000 $368,240
2024 $2,707 $656,240 $288,000 $368,240
2023 $2,037 $656,240 $288,000 $368,240
2022 $2,037 $353,770 $102,000 $251,770
2021 $2,007 $353,770 $102,000 $251,770
2020 $1,982 $353,770 $102,000 $251,770
2019 $1,982 $104,580 $102,000 $2,580
2018 $1,444 $251,230 $65,000 $186,230
2017 $1,444 $65,000 $65,000 $0
2016 $1,419 $65,000 $65,000 $0
2015 $351 $65,000 $65,000 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Libba Motsinger

    Margaret Rudd Assoc/O.I.

  • D

    Buyer's Agent in 2014

    Dot Schuck

    Margaret Rudd Assoc/O.I.

See All Agents

Map

Source: Hive MLS

MLS Number: 20683197

Hive MLS

APN: 235MG05302

North Carolina Brunswick County Oak Island 28465

136 SE 40th St, Oak Island, NC

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Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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