NOT LISTED FOR SALE

207 Lumberton Ave Carolina Beach, NC 28428

Estimated Value: $756,545 - $1,023,000

7 Beds
4 Baths
1,425 Sq Ft
$629/Sq Ft Est. Value

Last Sold February 27, 2020

Last sale price $495,000 $347 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $4,848/month

2 Days on Market

Highlights

  • 0.28 Acre Lot
  • Wood Flooring
  • No HOA
  • Carolina Beach Elementary School Rated A-
  • 1 Fireplace
  • Balcony

About This Home

As of February 2020

Great multifamily opportunity in the heart of Carolina Beach. The main house has three bedrooms with central HVAC, updated wiring, hardwood flooring, floored attic with the potential for future expansion and a large screened porch. The blue cottage has 2 bedrooms with a new roof and recent exterior paint. The green building behind the main house has two apartments, each with one bedroom and one bath, there is a carport, storage underneath and a covered porch across the front. This is an awesome chance to be a homeowner in CB with three rental producing incomes, use all three structures for investment, or remove all three and develop with mixed use zoning on a double lot. Currently the adjacent commercial property is also available for sale, the two properties together would equal .42 acres. Please call to inquiry, do not disturb the tenants. All the structures are being offer as is.

Last Agent to Sell the Property

April Williams

Intracoastal Realty Corp License #199113 Listed on: 01/03/2020

Intracoastal Realty Corp

Co-Listed By

Shirley James

Intracoastal Realty Corp License #122403

Last Buyer's Agent

April Williams

Intracoastal Realty Corp License #199113 Listed on: 01/03/2020

Intracoastal Realty Corp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,380

Year Built

  • Built in 1950

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 99 x 125 x 98 x 126
  • Wood Fence

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos Siding
  • Piling Construction
  • Composite Building Materials

Interior Spaces

  • 4 Bathrooms
  • 1.2-Story Property
  • 1 Fireplace
  • Blinds
  • Storm Windows

Flooring

  • Wood
  • Vinyl

Attic

  • Attic Floors
  • Pull Down Stairs to Attic

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 1 Detached Carport Space
  • Shared Driveway
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch

Schools

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

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 6/7
  • Assessor Parcel Number R08818-020-004-000

Community Details

Overview

  • No Home Owners Association
  • Heart Of Carolina Beach Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,380

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: C
  • Sub Type: Quadruplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Stories: 1.2
  • Stories Levels: 2nd Floor
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Attic: Floored, Stairs - Pull Down
  • Fireplace: 1
  • Flooring: Vinyl, Wood
  • Interior Amenities: 1st Floor Master, Blinds/Shades
  • List Price per Sq Ft: 179.06
  • Total Bathrooms: 4.00
  • Number Bedrooms Total: 7

Exterior Features

  • Exterior Features: Mail on Site, Storm Windows, Trash on Site
  • Exterior Finish: Asbestos, Composition
  • Fencing: Partial, Wood
  • Foundation: Crawl Space, Pilings
  • Porch Balcony Deck: Balcony, Enclosed, Porch, Screened
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Detached Carport Spaces: 1.00
  • Total Carport Spaces: 1.00
  • Parking Driveway: Carport, Off Street, Shared

Utilities

  • Appliances Equipment: Refrigerator
  • Cooling System: Central, Wall/Window Unit(s)
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Duke Progress Energy
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: Laundry, See Remarks, Street Lights
  • Property Mgmt Company: No

Lot Info

  • Deed Page: 466.00
  • Lot Acres: 0.28
  • Lot Dimensions: 99 X 125 X 98 X 126
  • Lot Number: 6/7
  • Lot Sq Ft: 12197.00
  • Zoning: MX

Rental Info

  • Rental Income Gross Rental Income: 1450.00
  • Annual Gross Rental Income Collected: 17400

Tax Info

  • Tax Identifier: R08818-020-004-000
  • Tax Year: 2019
  • Total City Real Estate Property Tax: 1380.00
  • Total Real Estate Property Taxes: 1380.00

Multi Family

  • Number Total Units: 4

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2020
Closed on
Feb 11, 2020
Sold by
Marshburn Susan C and Taylor Laurie M
Bought by
Kelly Jack Steven and Kelly Diane Johnson
Seller's Agent
April Williams
Intracoastal Realty Corp
Buyer's Agent
April Williams
Intracoastal Realty Corp
List Price
$525,000
Sold Price
$495,000
Premium/Discount to List
-$30,000
-5.71%
Current Estimated Value
$895,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$400,886
Avg. Annual Appreciation
11.03%

Purchase Details

Closed on
Jan 1, 2001
Bought by
Marshburn L Hugh Annie Mae

Purchase Details

Closed on
Nov 11, 2000
Sold by
Marshburn Annie Mae
Bought by
Marshburn Susan C

Purchase Details

Closed on
Dec 9, 1960
Sold by
Marshburn L Hugh
Bought by
Marshburn Annie Mae
Source: Public Records

Range of Values:

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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
Kelly Jack Steven $495,000 None Available
Marshburn L Hugh Annie Mae -- --
Marshburn Susan C -- --
Marshburn Annie Mae -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2020 02/27/20 Sold $495,000 -5.7% $347 / Sq Ft
01/05/2020 01/05/20 Pending -- -- --
01/03/2020 01/03/20 For Sale $525,000 -- $368 / 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
2025 $1,782 $746,400 $442,500 $303,900
2023 $1,782 $520,300 $322,500 $197,800
2022 $2,615 $520,300 $322,500 $197,800
2021 $2,693 $520,300 $322,500 $197,800
2020 $1,380 $172,500 $130,000 $42,500
2019 $1,380 $172,500 $130,000 $42,500
2018 $1,346 $172,500 $130,000 $42,500
2017 $1,371 $172,500 $130,000 $42,500
2016 $1,395 $162,600 $117,000 $45,600
2015 $1,315 $162,600 $117,000 $45,600
2014 $1,283 $162,600 $117,000 $45,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100198001

Hive MLS

APN: R08818-020-004-000