NOT LISTED FOR SALE

407 Carolina Beach Ave S Unit 2C Carolina Beach, NC 28428

Estimated Value: $518,543 - $563,000

2 Beds
2 Baths
844 Sq Ft
$425/mo HOA Fee

Last Sold April 08, 2015

Last sale price $237,000 $281 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $3,522/month

65 Days on Market

Highlights

  • Ocean Front
  • Furnished
  • Balcony
  • Carolina Beach Elementary School Rated A-
  • Community Pool
  • 4-minute walk to Carolina Beach Lake Park

About This Home

As of April 2015

This 2nd Floor 2 Bedroom 2 Bath Sands IV unit is a money maker! 2014 Rental Income was $27,612.94 and 2012/2013 totaled $51,678.31. Condo is in excellent condition and has a great location on a wide beach strand within view of Carolina Beach Lake. The oversized oceanfront balcony has access from both the Living Room and Master Bedroom. It is nicely furnished/decorated/equipped, shows very well and has many updates. Convenient storage closet on ground level for all your beach toys. Nice new beach walkway and Swimming Pool will be REPLACED as part of the claim on the adjacent building. Parking passes provided for 2 cars per unit. This is a well maintained and managed building that is centrally located on a quite one way street within walking distance to nearby restaurants,

Last Agent to Sell the Property

Renae Perrett

Network Real Estate Listed on: 01/10/2015

Last Buyer's Agent

Wayne Rouse

Coastwalk Real Estate, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,473

Year Built

  • Built in 1984

HOA Fees

  • $425 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 844 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Ocean Views

Kitchen

  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Pest Guard System
  • Termite Clearance

Parking

  • 2 Parking Spaces
  • Carport
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Co-Op Water
  • Cable TV Available

Additional Features

  • Balcony
  • Ocean Front
  • Flood Insurance May Be Required

Listing and Financial Details

  • Tax Lot 0767
  • Assessor Parcel Number 313015.53.1589.007

Community Details

Overview

  • Master Insurance
  • Sands IV Subdivision
  • Maintained Community

Recreation

  • Community Pool

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,473

Year Built

Built in 1984

Lot Details

0

HOA Fees

$425 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: 1st Floor Unit, One
  • Year Built: 1984
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Laminate, Tile, Vinyl
  • Heated Sq Ft: 800 - 999
  • Interior Amenities: Blinds/Shades, Furnished, Ceiling Fan(s)
  • List Price per Sq Ft: 290.28
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 2
  • Bedroom 1 Level: First
  • Dining Room Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First
  • Sq Ft Heated: 844.00
  • Total Heated Primary Separate Sq Ft: 844.00

Exterior Features

  • Exterior Finish: Wood Siding
  • Foundation: Pilings
  • Porch Balcony Deck: Balcony
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Garage And Parking Driveway Spaces: 2.00
  • Garage And Parking Other See Remarks: Cmnt
  • Parking Driveway: Carport, Off Street

Utilities

  • Appliances Equipment: Dishwasher, Refrigerator, Washer, Ice Maker, Dryer, Disposal
  • Cooling System: Central
  • Heating System: Forced Air
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Cable, Pest Control, Water, Trash, Termite Bond, Taxes, Sewer, Maint - Comm Areas, Master Insure, Management, Maintenance Structure, Maint - Grounds, Community Pool, Flood Insurance
  • HOAAssociationFee1Year: 5100.00

Lot Info

  • Deed Page: 913.00
  • Lot Dimensions: Condo
  • Lot Number: 0767
  • Zoning: MF
  • Lot View Type: Ocean View

Tax Info

  • Tax Identifier: 313015.53.1589.007

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2015
Closed on
Mar 26, 2015
Sold by
Mitchell Delores R and Mitchell Douglas W
Bought by
Ruth Wilson R and Ruth Kristy P
Seller's Agent
Renae Perrett
Network Real Estate
Buyer's Agent
Wayne Rouse
Coastwalk Real Estate, LLC
List Price
$245,000
Sold Price
$237,000
Premium/Discount to List
-$8,000
-3.27%
Current Estimated Value
$549,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,636
Avg. Annual Appreciation
8.29%
Original Mortgage
$182,000
Outstanding Balance
$66,277
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$483,359

Purchase Details

Closed on
Sep 26, 2008
Sold by
Mitchell Douglas W and Mitchell Delores R
Bought by
Mitchell Delores R and Mitchell Douglas W

Purchase Details

Closed on
May 6, 1996
Sold by
Mayorga Edward W Kelly B
Bought by
Mitchell Douglas W Delores R

Purchase Details

Closed on
Dec 1, 1986
Sold by
Jacobs Bernard R Evva C
Bought by
Mayorga Edward W

Purchase Details

Closed on
Jul 1, 1984
Sold by
Carolina Bch Dev Co
Bought by
Jacobs Bernard R Evva C

Purchase Details

Closed on
May 1, 1983
Bought by
Carolina Bch Dev Co
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
Ruth Wilson R $237,000 None Available
Mitchell Delores R -- None Available
Mitchell Douglas W Delores R $80,000 --
Mayorga Edward W $92,500 --
Jacobs Bernard R Evva C $90,000 --
Carolina Bch Dev Co -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruth Wilson R $182,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2015 04/08/15 Sold $237,000 -3.3% $281 / Sq Ft
03/16/2015 03/16/15 Pending -- -- --
01/10/2015 01/10/15 For Sale $245,000 -- $290 / 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 $2,473 $552,400 $0 $552,400
2023 $2,318 $338,400 $0 $338,400
2022 $2,267 $338,400 $0 $338,400
2021 $2,335 $338,400 $0 $338,400
2020 $1,639 $204,900 $0 $204,900
2019 $1,639 $204,900 $0 $204,900
2018 $1,598 $204,900 $0 $204,900
2017 $1,629 $204,900 $0 $204,900
2016 $1,684 $196,300 $0 $196,300
2015 $1,588 $196,300 $0 $196,300
2014 $1,549 $196,300 $0 $196,300
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Renae Perrett

    Network Real Estate

  • W

    Buyer's Agent in 2015

    Wayne Rouse

    Coastwalk Real Estate, LLC

See All Agents

Map

Source: Hive MLS

MLS Number: 30515879

Hive MLS

APN: R09010-006-004-007

North Carolina New Hanover County Carolina Beach 28428

407 Carolina Beach Ave S Unit 2C, Carolina Beach, NC

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