NOT LISTED FOR SALE

40 E First St Unit B2 Ocean Isle Beach, NC 28469

Estimated Value: $609,881 - $705,000

3 Beds
2 Baths
1,412 Sq Ft
$464/Sq Ft Est. Value

Last Sold September 20, 2019

Last sale price $472,500 $335 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,143/month

91 Days on Market

Highlights

  • Ocean Front
  • In Ground Pool
  • Wood Flooring
  • Union Elementary School Rated A-
  • Deck
  • 3-minute walk to OIB Children's Playground

About This Home

As of September 2019

This very hard to find condo in Island Club features Cheery Hardwood floors, Granite tops and great ammenities. It has three Bedrooms and 2 baths all updated. The large master bedroom has Ocean Front views and large master bath, with outdoor deck. There is a large strand in front with a great common area for cooking or relaxing. Parking is underneath the unit with separate owners closet. The unit has great rental income and is located on the bottom unit. HVAC unit has just been replaced and is ready for a new owner, so call today, you will be impressed!!

Last Agent to Sell the Property

Russell Worley

Brenda Worley Realty License #272371 Listed on: 05/16/2019

Last Buyer's Agent

Grace Schroeder

Intracoastal Realty License #229951

Intracoastal Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,124

Year Built

  • Built in 1983

Lot Details

  • 436 Sq Ft Lot
  • Ocean Front
  • End Unit
  • Vinyl Fence

HOA Fees

  • $495 Monthly HOA Fees

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 3-Story Property
  • Thermal Windows
  • Blinds
  • Water Views
  • Termite Clearance
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bathrooms
  • Walk-in Shower

Parking

  • On-Site Parking
  • Assigned Parking

Outdoor Features

  • In Ground Pool
  • Deck
  • Covered Patio or Porch

Schools

  • Jessie Mae Monroe Elementary School
  • Shallotte Middle School
  • West Brunswick High School

Utilities

  • Central Air
  • Heat Pump System
  • Co-Op Water
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 257da00105

Community Details

Overview

  • Roof Maintained by HOA

Recreation

  • Community Spa

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,124

Year Built

Built in 1983

Lot Details

0

HOA Fees

$495 per month

Listing Details

  • Property Type: C
  • Sub Type: Quadruplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Stories: 3.0
  • Stories Levels: 2nd Floor, End Unit
  • Year Built: 1983
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: None
  • Flooring: Tile, Wood
  • Interior Amenities: Blinds/Shades, Walk-in Shower
  • Laundry Location: Hookup - Dryer, Hookup - Washer
  • List Price per Sq Ft: 374.65
  • Total Bathrooms: 2.00
  • Number Bedrooms Total: 3

Exterior Features

  • Exterior Features: Thermal Windows
  • Exterior Finish: Wood Siding
  • Fencing: Vinyl
  • Foundation: Pilings
  • Porch Balcony Deck: Covered, Deck
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Architectural Shingle
  • Waterfront: Yes
  • Waterview: Yes
  • Pool Spa: In Ground

Garage/Parking

  • Parking Driveway: Assigned, On Site

Utilities

  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Cable, Roof, Sewer, Spa/Hot Tub, Termite Bond, Trash, Water
  • Property Mgmt Company: Yes
  • HOAAssociationFee1Year: 5940.00

Lot Info

  • Deed Page: 89.00
  • Lot Acres: 0.01
  • Lot Dimensions: 1
  • Lot Sq Ft: 436.00
  • Plat Book: 1
  • Plat Page: 1
  • Zoning: R1

Rental Info

  • Rental Income Gross Rental Income: 24000.00

Tax Info

  • Tax Identifier: 257da00105
  • Tax Year: 2018

Multi Family

  • Number Total Units: 4

MLS Schools

  • Elementary School: Jessie Mae Monroe
  • High School: West Brunswick
  • Middle School: Shallotte

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2019
Closed on
Sep 19, 2019
Sold by
Mcdougald Lawrence S and Mcdougald Phyllis D
Bought by
Proctor Austin K and Proctor Cynthia Lambert
Seller's Agent
Russell Worley
Brenda Worley Realty
Buyer's Agent
Grace Schroeder
Intracoastal Realty
List Price
$529,000
Sold Price
$472,500
Premium/Discount to List
-$56,500
-10.68%
Current Estimated Value
$654,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,220
Avg. Annual Appreciation
5.55%
Original Mortgage
$378,000
Outstanding Balance
$331,099
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$323,621

Purchase Details

Closed on
Jun 1, 1997
Bought by
Mcdougald Lawrence S Et Phyllis
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
Proctor Austin K $472,500 None Available
Mcdougald Lawrence S Et Phyllis $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Proctor Austin K $378,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2019 09/20/19 Sold $472,500 -10.7% $335 / Sq Ft
08/15/2019 08/15/19 Pending -- -- --
05/16/2019 05/16/19 For Sale $529,000 -- $375 / 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 $2,124 $551,940 $0 $551,940
2024 $2,124 $551,940 $0 $551,940
2023 $2,128 $551,940 $0 $551,940
2022 $2,392 $439,020 $0 $439,020
2021 $2,390 $439,020 $0 $439,020
2020 $2,312 $439,020 $0 $439,020
2019 $2,404 $0 $0 $0
2018 $2,349 $0 $0 $0
2017 $2,305 $0 $0 $0
2016 $2,280 $0 $0 $0
2015 $2,280 $428,110 $0 $428,110
2014 $2,021 $413,540 $0 $413,540
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Russell Worley

    Brenda Worley Realty

  • Grace Schroeder

    Buyer's Agent in 2019

    Grace Schroeder

    Intracoastal Realty

    (910) 393-9312

    35 in this area

    79 Total Sales

    Grace Schroeder
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Map

Source: Hive MLS

MLS Number: 100165792

Hive MLS

APN: 257DA00105

North Carolina Brunswick County Ocean Isle Beach 28469

40 E First St Unit B2, Ocean Isle Beach, NC

This home is located at 40 E First St Unit B2, Ocean Isle Beach, NC 28469 since 16 May 2019 and is currently estimated at $654,720, approximately $463 per square foot. This property was built in 1983. 40 E First St Unit B2 is a home located in Brunswick County with nearby schools including Union Elementary School, Shallotte Middle School, and West Brunswick 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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