NOT LISTED FOR SALE

402 E Bay St Southport, NC 28461

Estimated Value: $859,000 - $1,827,717

3 Beds
2 Baths
1,501 Sq Ft
$974/Sq Ft Est. Value

Last Sold December 11, 2015

Last sale price $775,000 $516 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $8,431/month

136 Days on Market

Highlights

  • Intracoastal View
  • River Front
  • Wood Flooring
  • Southport Elementary School Rated 9+
  • Deck
  • 5-minute walk to Southport Playground

About This Home

As of December 2015

WATERFRONT! OWNER FINANCING! Lovely 'Red Roof' cottage downtown on the riverfront with private dock & gazebo. You will always find a breeze on the riverfront porch. Walk to the downtown shops & restaurants. Pine floors throughout, spectacular views of the Cape Fear River, ICW, Bald Head Island, Caswell Beach and their lighthouses.

Last Agent to Sell the Property

Laura Lefevre

Southport Realty, Inc. Listed on: 06/16/2015

Last Buyer's Agent

Ben Styers

Southport Realty, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,095

Year Built

  • Built in 2000

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 67x133x0x135
  • River Front

Property Views

  • Intracoastal
  • River

Home Design

  • Metal Roof
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 1,501 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room
  • Dining Room
  • Wood Flooring
  • Dishwasher
  • Dryer

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 14
  • Assessor Parcel Number 209616922913

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,095

Year Built

Built in 2000

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Appliances Equipment: Dishwasher, Refrigerator, Dryer
  • List Priceper Sq Ft: 598.93
  • New Construction: No
  • Total Real Estate Property Taxes: 7095.00
  • Waterview: Yes
  • Year Built: 2000
  • Lot View Type: ICW View, Water View, River View
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Kitchen
  • Fireplace: 1
  • Flooring: Wood
  • Interior Amenities: Ceiling Fan(s), Wash/Dry Connect, Gas Logs
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Bedroom1 Level: 1DDITPS1R1GD
  • Bedroom2 Level: 1DDITPY63ROL
  • Living Room Level: 1DDITU4NXWJK
  • Primary Bedroom Level: 1DDITTREWRIG
  • Sq Ft Heated: 1501.00
  • Stories Levels: One and One Half
  • Total Heated Primary Separate Sq Ft: 1501.00

Exterior Features

  • Exterior Finish: Vinyl Siding
  • Foundation: Pilings
  • Porch Balcony Deck: Deck, Porch, See Remarks
  • Road Type Frontage: Paved
  • Roof: Metal
  • Waterfront: Yes
  • Road Frontage Type: ICW Front, River Front

Utilities

  • Cooling System: Central
  • Heated Sq Ft: 1400 - 1599
  • Heating System: Heat Pump
  • Utilities: Sewer Tap Available, Water Tap Available
  • Water Heater: Electric

Association/Amenities

  • H O A: No
  • H O Aand Neighborhood Amenities: See Remarks

Fee Information

  • Home Warranty Termite: Home Warranty/Seller

Schools

  • School District: Brunswick

Lot Info

  • Deed Page: 120.00
  • Lot Acres: 0.20
  • Lot Dimensions: 67X133X0X135
  • Lot Number: 14
  • Lot Sq Ft: 8712.00
  • Zoning: RESIDENTIAL

Green Features

  • Green Bldg Features: None

Tax Info

  • Tax Identifier: 209616922913
  • Tax Year: 2015
  • Total City Real Estate Property Tax: 7095.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2015
Closed on
Nov 16, 2015
Sold by
Vrm Holdings R Llc
Bought by
Bolding William R and Bolding Dondi R
Seller's Agent
Laura Lefevre
Southport Realty, Inc.
Buyer's Agent
Ben Styers
Southport Realty, Inc
List Price
$899,000
Sold Price
$775,000
Premium/Discount to List
-$124,000
-13.79%
Current Estimated Value
$1,461,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$686,929
Avg. Annual Appreciation
6.38%
Original Mortgage
$658,750
Outstanding Balance
$512,978
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$948,951

Purchase Details

Closed on
Jan 7, 2015
Sold by
Martin Vernon Ray
Bought by
Vrm Holdings Llc

Purchase Details

Closed on
Jan 7, 2014
Sold by
Vrm Holdings Llc
Bought by
Vrm Holdings R Llc

Purchase Details

Closed on
Sep 1, 2007
Sold by
Sharpe Sharon C
Bought by
Martin Vernon Ray
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bolding William R $775,000 Lenders Title And Escrow Llc
Vrm Holdings Llc -- None Available
Vrm Holdings R Llc -- None Available
Martin Vernon Ray $800,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bolding William R $658,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2015 12/11/15 Sold $775,000 -13.8% $516 / Sq Ft
10/30/2015 10/30/15 Pending -- -- --
06/16/2015 06/16/15 For Sale $899,000 -- $599 / Sq Ft
Source: Hive MLS

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 $9,884 $1,370,470 $704,220 $666,250
2024 $94 $1,370,470 $704,220 $666,250
2023 $9,960 $1,370,470 $704,220 $666,250
2022 $9,960 $1,038,470 $576,180 $462,290
2021 $8,797 $1,038,470 $576,180 $462,290
2020 $8,887 $1,049,500 $576,180 $473,320
2019 $8,887 $607,460 $576,180 $31,280
2018 $3,312 $401,980 $384,120 $17,860
2017 $5,095 $402,030 $384,120 $17,910
2016 $4,767 $402,030 $384,120 $17,910
2015 $4,767 $605,660 $384,120 $221,540
2014 $7,095 $960,739 $768,240 $192,499
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 20693854

Hive MLS

APN: 238IB024

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