NOT LISTED FOR SALE

403 N Fodale Ave Unit A & B Southport, NC 28461

Estimated Value: $352,000 - $464,260

4 Beds
2 Baths
2,233 Sq Ft
$187/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $226,500 $101 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $2,445/month

8 Days on Market

Highlights

  • End Unit
  • Ground Level Unit
  • Porch
  • Southport Elementary School Rated 9+
  • No HOA
  • Brick Exterior Construction

About This Home

As of October 2020

Investor ALERT! Southport Investment opportunity! Fully leased side by side duplex just minutes from Historic Downtown Southport. Terrific opportunity for a turnkey income producing property. This gem is located nearby all the action and amenities in the charming seaside town. Close proximity to major local employers. Easy to rent all day long. Each unit has 2 Bedrooms and 1.5 Bathrooms. Covered Front Porch, large first floor living Room and kitchen, upstairs are 2 bedrooms and full bath. Back Patio and a storage unit for each. One side rents for 700 and the other side rents for 800, separate meters, VALUE ADD as rents are well below market.

Last Agent to Sell the Property

Christian Cardamone

Keller Williams Innovate-Wilmington Listed on: 09/04/2020

Keller Williams Innovate-Wilmington

Last Buyer's Agent

Scott Earp

Art Skipper Realty Inc. License #230007

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 0.26 Acre Lot
  • End Unit

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Bathrooms
  • 2-Story Property

Parking

  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Porch

Schools

  • Southport Elementary School
  • South Brunswick Middle School
  • South Brunswick High School

Additional Features

  • Ground Level Unit
  • Heat Pump System

Community Details

  • No Home Owners Association
  • Pine Needle Grove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 238ad002

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Sub Type: Duplex
  • Cobra Zone: No
  • Construction: Brick/Stone, Party Wall, Wood Frame
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: 2nd Floor, Ground, End Unit
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: None
  • Interior Amenities: None
  • List Price per Sq Ft: 96.28
  • Total Bathrooms: 2.00
  • Number Bedrooms Total: 4

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Brick Veneer, Vinyl Siding
  • Fencing: None
  • Foundation: Slab
  • Porch Balcony Deck: Patio, Porch
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Parking Driveway: Off Street, On Site

Utilities

  • Cooling System: Central Air
  • Fuel Tank: None
  • Heating System: Heat Pump
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: See Remarks
  • Property Mgmt Company: No

Lot Info

  • Deed Page: 66.00
  • Lot Acres: 0.26
  • Lot Dimensions: irreg
  • Lot Sq Ft: 11326.00
  • Zoning: SP-R-10

Tax Info

  • Tax Identifier: 238ad002
  • Tax Year: 2019

MLS Schools

  • Elementary School: Southport
  • High School: South Brunswick
  • Middle School: South Brunswick

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2020
Closed on
Oct 13, 2020
Sold by
Epp Dillon K and Epp Jessica E
Bought by
Soden Kevin and Soden Heather
Seller's Agent
Christian Cardamone
Keller Williams Innovate-Wilmington
Buyer's Agent
Scott Earp
Art Skipper Realty Inc.
List Price
$215,000
Sold Price
$226,500
Premium/Discount to List
$11,500
5.35%
Current Estimated Value
$418,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,565
Avg. Annual Appreciation
12.61%
Original Mortgage
$165,000
Outstanding Balance
$146,759
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$271,306

Purchase Details

Closed on
Nov 13, 2018
Sold by
Epp Dillon Dendricks Wood and Epp Jessica Daymond
Bought by
Epp Dillon K and Epp Jessica E Daymond

Purchase Details

Listed on
Apr 25, 2018
Closed on
Aug 28, 2018
Sold by
Lloyd John M
Bought by
Woods Epp Dillon Kendricks and Daymond Epp Jessica
Seller's Agent
Ginger Harper
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Peter Ruffin
Sold Buy the Sea Realty
List Price
$234,900
Sold Price
$200,000
Premium/Discount to List
-$34,900
-14.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.64%
Original Mortgage
$150,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2006
Sold by
Lloyd John M and Lloyd Belinda J
Bought by
Lloyd John M and The John M Lloyd Trust

Purchase Details

Closed on
Apr 14, 2005
Sold by
Rogers Benjamin H and Rogers Catherine
Bought by
Lloyd John M and Lloyd Belinda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Soden Kevin $226,500 None Available
Epp Dillon K -- None Available
Woods Epp Dillon Kendricks $200,000 None Available
Lloyd John M -- None Available
Lloyd John M $248,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soden Kevin $165,000
Previous Owner Woods Epp Dillon Kendricks $150,000
Previous Owner Lloyd John M $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/23/2020 10/23/20 Sold $226,500 +5.3% $101 / Sq Ft
09/12/2020 09/12/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $215,000 +7.5% $96 / Sq Ft
09/05/2018 09/05/18 Sold $200,000 -14.9% $90 / Sq Ft View Prior Sale
07/20/2018 07/20/18 Pending -- -- --
04/23/2018 04/23/18 For Sale $234,900 -- $105 / 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 $2,957 $369,490 $122,000 $247,490
2024 $2,957 $369,490 $122,000 $247,490
2023 $2,237 $369,490 $122,000 $247,490
2022 $2,237 $199,580 $75,000 $124,580
2021 $1,913 $199,580 $75,000 $124,580
2020 $1,913 $199,580 $75,000 $124,580
2019 $1,913 $75,000 $75,000 $0
2018 $1,779 $60,000 $60,000 $0
2017 $1,754 $60,000 $60,000 $0
2016 $1,612 $60,000 $60,000 $0
2015 $1,612 $183,270 $60,000 $123,270
2014 $1,619 $194,870 $55,250 $139,620
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Christian Cardamone

    Keller Williams Innovate-Wilmington

    Section Image

  • S

    Buyer's Agent in 2020

    Scott Earp

    Art Skipper Realty Inc.

    (910) 368-8013

    2 in this area

    57 Total Sales

    Scott Earp
    Section Image

  • G

    Seller's Agent in 2018

    Ginger Harper

    Coldwell Banker Sea Coast Advantage

  • P

    Buyer's Agent in 2018

    Peter Ruffin

    Sold Buy the Sea Realty

See All Agents

Map

Source: Hive MLS

MLS Number: 100235362

Hive MLS

APN: 238AD002

North Carolina Brunswick County Southport 28461

403 N Fodale Ave Unit A & B, Southport, NC

Not Listed for Sale

MultiFamily

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