NOT LISTED FOR SALE

1407 Searay Carolina Beach, NC 28428

Estimated Value: $770,901 - $1,235,000

0.11 Acre
$9,117,736 Price per Acre
4,792 Sq Ft Lot

Last Sold May 13, 2022

Last sale price $340,000

Est. 195% increase in value since last sale

Current estimated payment $5,420/month

3 Days on Market

About This Lot

As of May 2022

Great one- or two-family building lot across from Seagrove and many newer homes. Steps to the Island Greenway bike/walk trail and just a short walk, bike ride or golf cart ride down Ocean Blvd. to public beach access. Enjoy the best of both worlds - proximity to the beach and a quiet neighborhood setting. No HOA, not in the flood plain. Easy access on and off the island. Garage on property is being sold ''as-is, where-is'' and at no value. Broker is part-owner.

Last Agent to Sell the Property

Matthew Giggey

Giggey Real Estate License #209907 Listed on: 02/11/2022

Last Buyer's Agent

Nilesh Jethwa

Nest Realty License #253305

Nest Realty

Property Details

Property Type

  • Land

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Cleared Lot
  • Property is zoned MH

Schools

  • Carolina Beach Elementary School
  • Murray Middle School
  • Ashley High School

Community Details

  • No Home Owners Association
  • Wilmington Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number R09017-006-003-000

Property Details

Property Type

Land

Lot Details

0

Listing Details

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

Exterior Features

  • Fencing: None
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Waterfront: No
  • Waterview: No
  • Total Road Frontage: 50

Utilities

  • Fuel Tank: None
  • Service Providers Electric Provider: Duke Progress Energy
  • Utilities: Municipal Sewer, Municipal Water

Association/Amenities

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

Lot Info

  • Deed Book: 4963
  • Deed Page: 1443.00
  • Lot Dimensions: 50x100
  • Lot Sq Ft: 4792.00
  • Zoning: MH
  • Acres: 0.11
  • Current Use: Residential
  • Deed Restriction: No
  • Environmental Hazard: Unknown
  • List Price per Acre: 3172727.27
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared

Tax Info

  • Tax Identifier: R09017-006-003-000
  • Tax Year: 2021

MLS Schools

  • Elementary School: Carolina Beach
  • High School: Ashley
  • Middle School: Murray

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2023
Sold by
Blanchard Building & Properties Inc
Bought by
Linker Christopher Paul and Linker Auntouch Keat
Total Days on Market
3
Current Estimated Value
$1,002,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,000
Outstanding Balance
$679,888
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$389,381

Purchase Details

Listed on
Feb 11, 2022
Closed on
Apr 27, 2022
Sold by
Parker Nancy Ann
Bought by
Blanchard Building And Properties Inc
Seller's Agent
Matthew Giggey
Giggey Real Estate
Buyer's Agent
Nilesh Jethwa
Nest Realty
List Price
$349,000
Sold Price
$340,000
Premium/Discount to List
-$9,000
-2.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.35%
Original Mortgage
$833,130
Interest Rate
4.67%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 11, 2022
Closed on
Apr 4, 2022
Sold by
Batton Susan Holt and Batton Matthew
Bought by
Blanchard Building & Properties Inc
Seller's Agent
Matthew Giggey
Giggey Real Estate
Buyer's Agent
Nilesh Jethwa
Nest Realty
List Price
$349,000
Sold Price
$340,000
Premium/Discount to List
-$9,000
-2.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$833,130
Interest Rate
4.67%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 10, 2006
Sold by
Ncb Development Inc
Bought by
Giggey Matthew and Giggey Ann L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,100
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 2005
Sold by
Spradley Henry C
Bought by
Ncb Development Inc

Purchase Details

Closed on
May 27, 1989
Sold by
Spradley Henry C Mary T
Bought by
Spradley Henry C

Purchase Details

Closed on
Apr 1, 1984
Sold by
Wilm Beach Investment Corp
Bought by
Spradley Henry C Mary T
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
Linker Christopher Paul $750,000 None Listed On Document
Jain Vaibhav -- None Listed On Document
Blanchard Building And Properties Inc -- Craige & Fox Pllc
Blanchard Building & Properties Inc $340,000 Barnes Ned M
Giggey Matthew $289,000 None Available
Ncb Development Inc $155,000 None Available
Spradley Henry C -- --
Spradley Henry C Mary T $7,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jain Vaibhav $693,000
Closed Linker Christopher Paul $562,425
Previous Owner Blanchard Building & Propertie $300,000
Previous Owner Blanchard Building And Properties Inc $833,130
Previous Owner Blanchard Building & Properties Inc $833,130
Previous Owner Giggey Matthew $260,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $340,000 -2.6% --
02/14/2022 02/14/22 Pending -- -- --
02/11/2022 02/11/22 For Sale $349,000 -- --
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
2024 -- $0 $0 $0
2023 $1,230 $175,000 $175,000 $0
2022 $1,230 $183,600 $175,000 $8,600
2021 $1,267 $183,600 $175,000 $8,600
2020 $754 $94,200 $87,400 $6,800
2019 $754 $94,200 $87,400 $6,800
2018 $735 $94,200 $87,400 $6,800
2017 $749 $94,200 $87,400 $6,800
2016 $692 $80,600 $73,200 $7,400
2015 $652 $80,600 $73,200 $7,400
2014 $636 $80,600 $73,200 $7,400
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Matthew Giggey

    Giggey Real Estate

  • Nilesh Jethwa

    Buyer's Agent in 2022

    Nilesh Jethwa

    Nest Realty

    (910) 622-0319

    26 in this area

    140 Total Sales

    Nilesh Jethwa
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Map

Source: Hive MLS

MLS Number: 100311745

Hive MLS

APN: R09017-006-003-000

North Carolina New Hanover County Carolina Beach 28428

1407 Searay, Carolina Beach, NC

This home is located at 1407 Searay, Carolina Beach, NC 28428 since 11 February 2022 and is currently estimated at $1,002,951. 1407 Searay is a home located in New Hanover County with nearby schools including Carolina Beach Elementary School, Charles P. Murray Middle School, and Eugene Ashley High School.

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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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