NOT LISTED FOR SALE

2240 New River Inlet Rd Unit 125 North Topsail Beach, NC 28460

Estimated Value: $162,000 - $200,000

1 Bed
1 Bath
532 Sq Ft
$564/mo HOA Fee

Last Sold February 13, 2024

Last sale price $197,900 $372 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,678/month

127 Days on Market

Highlights

  • Community Beach Access
  • RV Parking in Community
  • Main Floor Primary Bedroom
  • Ocean Front
  • Ocean Side of Freeway
  • Furnished

About This Home

As of February 2024

If you hurry you can get your own point unit condo on the ocean in the North Topsail Beach Topsail Reef complex. The unit was remodeled in 2019 and offers a rare open floor plan that has a larger kitchen/living room space than typical units. You will find that the Topsail Reef complex has some of the most economical units anywhere on the island, if not the east coast. These one bedroom units are sought after as vacation or rental units. Picture yourself sitting on the deck watching the dolphins play, relaxing on the beach, playing in the ocean, surfing, or perhaps reeling in the big one surf fishing. Cable, internet, water, sewer, trash pickup, and building insurance are some of the items provide by the Topsail Reef HOA. On top of all this, the unit is furnished.

Last Agent to Sell the Property

Gary Long

Military Relocator, Inc. License #258109 Listed on: 09/01/2023

Last Buyer's Agent

Mark Ferrell

The Oceanaire Realty License #345606

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,682

Year Built

  • Built in 1980

Lot Details

  • 174

HOA Fees

  • $564 Monthly HOA Fees

Home Design

  • Flat Roof Shape
  • Wood Frame Construction
  • Wood Siding
  • Vinyl Siding
  • Modular or Manufactured Materials
  • Piling Construction

Interior Spaces

  • 532 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Combination Dining and Living Room
  • Luxury Vinyl Plank Tile Flooring
  • Ocean Views

Kitchen

  • Self-Cleaning Oven
  • Electric Cooktop
  • Stove
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Home Security

  • Pest Guard System
  • Termite Clearance

Parking

  • Lighted Parking
  • Shared Driveway
  • Paved Parking
  • Additional Parking
  • Parking Lot

Outdoor Features

  • Ocean Side of Freeway
  • Balcony
  • Covered Patio or Porch

Schools

  • Dixon Elementary And Middle School
  • Dixon High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Humidifier
  • Baseboard Heating
  • Co-Op Water
  • Electric Water Heater
  • Community Sewer or Septic
  • Cable TV Available

Additional Features

  • Ocean Front
  • Flood Insurance May Be Required

Listing and Financial Details

  • Assessor Parcel Number 778c-6.125

Community Details

Overview

  • Roof Maintained by HOA
  • Master Insurance
  • Topsail Reef HOA, Phone Number (910) 509-7276
  • Topsail Reef Subdivision
  • Maintained Community
  • RV Parking in Community

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Coin Laundry

Recreation

  • Community Beach Access
  • Beach
  • Tennis Courts
  • Community Basketball Court

Pet Policy

  • Only Owners Allowed Pets

Security

  • Resident Manager or Management On Site
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,682

Year Built

Built in 1980

Lot Details

0

HOA Fees

$564 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: Yes
  • Construction: Wood Frame
  • Construction Type: Modular
  • Handicap Accessible: None
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: 3 Story or More
  • Year Built: 1980
  • Trash Collection: Private Service
  • Road Frontage Type: Ocean Front
  • Horses Y N: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Attic: None
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: LVT/LVP
  • Heated Sq Ft: 400 - 599
  • Interior Amenities: 1st Floor Master, Ceiling Fan(s), Furnished, Smoke Detectors
  • Laundry Location: None
  • List Price per Sq Ft: 371.99
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Bedrooms: 1
  • Number Rooms: 2
  • Sq Ft Heated: 532.00
  • Total Heated Primary Separate Sq Ft: 532.00

Exterior Features

  • Exterior Features: Shutters - Board/Hurricane
  • Exterior Finish: Vinyl Siding, Wood Siding
  • Fencing: None
  • Foundation: Pilings
  • On Site Pool Spa: None
  • Porch Balcony Deck: Balcony, Covered
  • Road Type Frontage: Maintained, Paved, Public (City/Cty/St)
  • Roof: Flat
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Garage And Parking Other See Remarks: Parking lot
  • Parking Driveway: Additional Parking, Asphalt, Lighted, Parking Lot, Paved, Shared

Utilities

  • Appliances Equipment: Cooktop - Electric, Dishwasher, Disposal, Humidifier/Dehumidifier, Ice Maker, Microwave - Built-In, Refrigerator, Self Cleaning Oven, Stove/Oven - Electric
  • Cooling System: Wall/Window Unit(s)
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Baseboard
  • Service Providers Electric Provider: Jones-Onslow EMC
  • Utilities: Community Sewer, Community Water
  • Water Heater: Electric
  • Internet Service Provider: Spectrum
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Barbecue, Basketball Court, Beach Access, Beach Rights, Cable, Coin Laundry, Flood Insurance, Laundry, Maint - Comm Areas, Maint - Grounds, Maintenance Structure, Management, Master Insure, No Tenant Pets, Owner Pets Only, Pest Control, Picnic Area, Roof, RV Parking, Sewer, Sidewalk, Tennis Court(s), Termite Bond, Trash, Water
  • HOAAssociationFee1Year: 6768.00
  • HOAAssociationName: Topsail Reef HOA
  • HOAAssociationPhone: 9105097276

Schools

  • School District: Onslow

Lot Info

  • Deed Page: 540.00
  • Lot Water Features: Ocean Side, Waterfront Comm
  • Plat Book: U1
  • Plat Page: 004
  • Special Assessments: 8500
  • Zoning: R-5
  • Lot View Type: Ocean View

Green Features

  • Green Bldg Certify: None

Rental Info

  • Annual Gross Rental Income Collected: 13200

Tax Info

  • Tax Identifier: 778c-6.125
  • Tax Year: 2023
  • Total Real Estate Property Taxes: 1681.75

MLS Schools

  • Elementary School: Dixon
  • High School: Dixon
  • Middle School: Dixon
  • School District: Onslow

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2023
Closed on
Jan 22, 2024
Sold by
Carey Paula
Bought by
Hagan Kenneth A
Seller's Agent
Gary Long
Military Relocator, Inc.
Buyer's Agent
Mark Ferrell
The Oceanaire Realty
List Price
$215,000
Sold Price
$197,900
Premium/Discount to List
-$17,100
-7.95%
Views
132
Current Estimated Value
$184,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,528
Avg. Annual Appreciation
-4.30%
Original Mortgage
$148,425
Outstanding Balance
$145,802
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$38,570

Purchase Details

Closed on
Mar 16, 2022
Sold by
Long and Mary
Bought by
Carey Paula

Purchase Details

Listed on
Mar 21, 2016
Closed on
Aug 24, 2017
Sold by
Jones Amanda Eastwood and Staats Mark
Bought by
Long Team Inc
Seller's Agent
Michaele Blunt
Buyer's Agent
Gary Long
Military Relocator, Inc.
List Price
$74,500
Sold Price
$56,600
Premium/Discount to List
-$17,900
-24.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.78%

Purchase Details

Closed on
Jul 19, 2016
Sold by
Us Bank National Association
Bought by
Southern Specialty Properties Llc

Purchase Details

Closed on
May 4, 2005
Sold by
Hendrickson Robert and Hendrickson Florence
Bought by
Pennington William and Pennington Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 10, 2005
Sold by
Douglas Shaun M
Bought by
Jones Doris Darr and Jones Amanda Eastwood

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Hagan Kenneth A $198,000 None Listed On Document
Hagan Kenneth A $198,000 None Listed On Document
Carey Paula -- Walton Donald G
Carey Paula -- None Listed On Document
Long Team Inc $57,000 None Available
Southern Specialty Properties Llc $53,000 Attorney
Pennington William $156,500 None Available
Jones Doris Darr $145,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hagan Kenneth A $148,425
Closed Hagan Kenneth A $148,425
Previous Owner Pennington William $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2024 02/13/24 Sold $197,900 0.0% $372 / Sq Ft
01/06/2024 01/06/24 Pending -- -- --
12/26/2023 12/26/23 Price Changed $197,900 -8.0% $372 / Sq Ft
09/01/2023 09/01/23 For Sale $215,000 0.0% $404 / Sq Ft
12/01/2022 12/01/22 Rented $1,100 0.0% --
11/22/2022 11/22/22 Under Contract -- -- --
11/15/2022 11/15/22 For Rent $1,100 0.0% --
08/31/2017 08/31/17 Sold $56,600 -24.0% $106 / Sq Ft
07/11/2017 07/11/17 Pending -- -- --
03/21/2016 03/21/16 For Sale $74,500 -- $140 / 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 $1,682 $155,000 $0 $155,000
2024 $1,682 $155,000 $0 $155,000
2023 $1,682 $155,000 $0 $155,000
2022 $1,682 $155,000 $0 $155,000
2021 $617 $53,000 $0 $53,000
2020 $591 $53,000 $0 $53,000
2019 $591 $53,000 $0 $53,000
2018 $556 $53,000 $0 $53,000
2017 $801 $75,000 $0 $75,000
2016 $801 $75,000 $0 $0
2015 $801 $75,000 $0 $0
2014 $801 $75,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2024

    Gary Long

    Military Relocator, Inc.

    Section Image

  • M

    Buyer's Agent in 2024

    Mark Ferrell

    The Oceanaire Realty

    (828) 476-6351

    1 in this area

    8 Total Sales

    Mark Ferrell
    Section Image
  • Courtney Benner

    Buyer's Agent in 2022

    Courtney Benner

    Anchor Real Estate of ENC

    (760) 277-4359

    3 in this area

    73 Total Sales

    Courtney Benner
    Section Image

  • M

    Seller's Agent in 2017

    Michaele Blunt

See All Agents

Map

Source: Hive MLS

MLS Number: 100402980

Hive MLS

APN: 031600

North Carolina Onslow County North Topsail Beach 28460

2240 New River Inlet Rd Unit 125, North Topsail Beach, NC

This home is located at 2240 New River Inlet Rd Unit 125, North Topsail Beach, NC 28460 since 01 September 2023 and is currently estimated at $184,372, approximately $346 per square foot. This property was built in 1980. 2240 New River Inlet Rd Unit 125 is a home located in Onslow County with nearby schools including Dixon Elementary School and Dixon High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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