NOT LISTED FOR SALE

40 Cumberland St Ocean Isle Beach, NC 28469

Estimated Value: $1,497,000 - $1,880,000

0.13 Acre
$13,037,131 Price per Acre
5,663 Sq Ft Lot

Last Sold June 22, 2018

Last sale price $297,500

Est. 464% increase in value since last sale

Current estimated payment $9,591/month

105 Days on Market

Highlights

  • 52 Feet of Waterfront
  • Boat Dock
  • No HOA
  • Union Elementary School Rated A-
  • Boat Ramp

About This Lot

As of June 2018

A rare opportunity on Ocean Isle Beach. Large canal lot on east side of Cumberland Street with existing pier and large floating dock. Perfectly situated for easy access to ICW. Priced to sell. One of the best lot values at the beach.

Last Agent to Sell the Property

Milt Ward

Stellar Beach Realty & Rentals LLC Listed on: 02/20/2018

Last Buyer's Agent

Eddy Jones

Coldwell Banker Sloane Realty OIB License #149331

Coldwell Banker Sloane Realty OIB

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,902

Lot Details

  • 5,663 Sq Ft Lot
  • 52 Feet of Waterfront
  • Home fronts a canal
  • Cleared Lot
  • Property is zoned OI-R-1

Property Views

  • Water Views

Schools

  • Union Elementary School
  • Shallotte Middle School
  • South Brunswick High School

Listing and Financial Details

  • Tax Lot 50
  • Assessor Parcel Number 244oq050

Community Details

Overview

  • No Home Owners Association
  • Ocean Isle Beach Island Subdivision

Recreation

  • Boat Dock
  • Bulkhead
  • Boat Ramp

Property Details

Property Type

Land

Est. Annual Taxes

$4,902

Lot Details

0

Listing Details

  • Property Type: Land
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Road Frontage Type: Canal Front
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Waterfront: Yes
  • Waterview: Yes
  • Total Road Frontage: 52
  • Water Frontage: 52.00

Utilities

  • Fuel Tank: None

Association/Amenities

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

Schools

  • School District: Brunswick

Lot Info

  • Deed Page: 1284.00
  • Lot Number: 50
  • Lot Sq Ft: 5663.00
  • Lot Water Features: Boat Dock, Boat Ramp, Bulkhead
  • Plat Book: H
  • Plat Page: 374
  • Zoning: OI-R-1
  • Acres: 0.13
  • Deed Restriction: No
  • Environmental Hazard: No
  • List Price per Acre: 2438461.54
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared
  • Lot Number2: 50

Tax Info

  • Tax Identifier: 244oq050
  • Tax Year: 2017

MLS Schools

  • Elementary School: Union
  • High School: South Brunswick
  • Middle School: Shallotte
  • School District: Brunswick

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2018
Closed on
Jun 18, 2018
Sold by
Hodgson Mary Tracey and Hodgson John David
Bought by
M5 Properties Llc
Seller's Agent
Milt Ward
Stellar Beach Realty & Rentals LLC
Buyer's Agent
Eddy Jones
Coldwell Banker Sloane Realty OIB
List Price
$317,000
Sold Price
$297,500
Premium/Discount to List
-$19,500
-6.15%
Current Estimated Value
$1,676,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,379,461
Avg. Annual Appreciation
27.36%

Purchase Details

Closed on
Mar 17, 2010
Sold by
Hodgson John D and Hodgson Mary T
Bought by
Hodgson Mary Tracey
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
M5 Properties Llc $297,500 None Available
Hodgson Mary Tracey -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M5 Properties Llc $600,000
Closed M5 Properties Llc $750,000
Previous Owner Hodgson John D $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2018 06/22/18 Sold $297,500 -6.2% --
06/04/2018 06/04/18 Pending -- -- --
02/19/2018 02/19/18 For Sale $317,000 -- --
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 $4,902 $1,316,250 $500,000 $816,250
2023 $4,612 $1,316,250 $500,000 $816,250
2022 $4,612 $868,460 $310,000 $558,460
2021 $1,535 $312,460 $310,000 $2,460
2020 $1,534 $312,460 $310,000 $2,460
2019 $1,532 $312,460 $310,000 $2,460
2018 $1,263 $256,910 $255,000 $1,910
2017 $1,259 $256,910 $255,000 $1,910
2016 $1,256 $256,910 $255,000 $1,910
2015 $1,256 $256,910 $255,000 $1,910
2014 $1,458 $327,276 $325,000 $2,276
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Milt Ward

    Stellar Beach Realty & Rentals LLC

  • Eddy Jones

    Buyer's Agent in 2018

    Eddy Jones

    Coldwell Banker Sloane Realty OIB

    (910) 443-2113

    94 in this area

    136 Total Sales

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Map

Source: Hive MLS

MLS Number: 100101726

Hive MLS

APN: 244OQ050

North Carolina Brunswick County Ocean Isle Beach 28469

40 Cumberland St, Ocean Isle Beach, NC

This home is located at 40 Cumberland St, Ocean Isle Beach, NC 28469 since 20 February 2018 and is currently estimated at $1,694,827. 40 Cumberland St is a home located in Brunswick County with nearby schools including Union Elementary School, Shallotte Middle School, and West Brunswick 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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