NOT LISTED FOR SALE

407 Mitchell St Unit A & B Southport, NC 28461

Estimated Value: $328,000 - $457,579

4 Beds
4 Baths
2,212 Sq Ft
$190/Sq Ft Est. Value

Last Sold September 09, 2021

Last sale price $261,000 $118 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,425/month

15 Days on Market

Highlights

  • No HOA
  • Covered Patio or Porch
  • Tile Flooring
  • Southport Elementary School Rated 9+
  • Laundry closet
  • Forced Air Heating and Cooling System

About This Home

As of September 2021

Fantastic investment property. Each unit has 2 bedrooms and 1.5 baths. Both sides are currently rented. Choose to rent both sides or live in one and let the other supplement your mortgage. It has a great location. Close to desirable downtown Southport and the beautiful intracoastal waterway. Could be renovated and used as a VRBO to generate income all year long. The possibilities are endless!

Last Agent to Sell the Property

Kathy Yount

Keller Williams Innovate-Wilmington License #323748 Listed on: 07/09/2021

Last Buyer's Agent

Alma Bouchard

Southport Realty, Inc. License #215977

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,910

Year Built

  • Built in 1972

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 75 x 150

Parking

  • Off-Street Parking

Home Design

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

Interior Spaces

  • 4 Bathrooms
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Fire and Smoke Detector
  • Laundry closet

Kitchen

  • Stove
  • Range Hood

Flooring

  • Carpet
  • Laminate
  • Tile

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 238ad023

Community Details

Overview

  • No Home Owners Association
  • Pine Needle Grove Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,910

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: C
  • Sub Type: Duplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: 1st Floor, 2nd Floor
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Laminate, Tile
  • Interior Amenities: Blinds/Shades, Ceiling Fan(s), Smoke Detectors
  • Laundry Location: Closet
  • List Price per Sq Ft: 112.97
  • Total Bathrooms: 4.00
  • Number Bedrooms Total: 4
  • Total Heated Sq Ft: 2212.00

Exterior Features

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

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Appliances Equipment: Stove/Oven - Electric, Vent Hood
  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Forced Air
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric

Association/Amenities

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

Lot Info

  • Deed Book: 4326
  • Deed Page: 1395.00
  • Lot Acres: 0.24
  • Lot Dimensions: 75 x 150
  • Lot Sq Ft: 10454.00
  • Plat Book: 4
  • Plat Page: 66
  • Zoning: RA-20

Rental Info

  • Rental Income Gross Rental Income: 1425.00
  • Annual Gross Rental Income Collected: 17400
  • Pets: Yes

Tax Info

  • Tax Identifier: 238ad023
  • Tax Year: 2020
  • Total Real Estate Property Taxes: 1910.21

Multi Family

  • Number Total Units: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Aug 10, 2021
Sold by
Doby Rhonda Cagle
Bought by
Reinhold Majula S
Seller's Agent
Kathy Yount
Keller Williams Innovate-Wilmington
Buyer's Agent
Alma Bouchard
Southport Realty, Inc.
List Price
$249,900
Sold Price
$261,000
Premium/Discount to List
$11,100
4.44%
Current Estimated Value
$419,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,895
Avg. Annual Appreciation
12.20%

Purchase Details

Closed on
Feb 7, 2020
Sold by
Doby Ernest Lee and Doby Ruonda Cagle
Bought by
Doby Rhonda Cagle

Purchase Details

Closed on
Apr 8, 2008
Sold by
Losch Mary Beth and Losch John
Bought by
Fremont Investment & Loan

Purchase Details

Closed on
Aug 15, 2006
Sold by
Fpl Oak Island Llc
Bought by
Losch John and Losch Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
8.95%
Mortgage Type
Assumption
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
Reinhold Majula S $261,000 None Available
Doby Rhonda Cagle -- Stewart Title
Fremont Investment & Loan $187,500 None Available
Losch John $275,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Losch John $247,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2021 09/09/21 Sold $261,000 +4.4% $118 / Sq Ft
07/24/2021 07/24/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $249,900 -- $113 / 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 $2,672 $328,310 $122,000 $206,310
2024 $2,672 $328,310 $122,000 $206,310
2023 $2,234 $328,310 $122,000 $206,310
2022 $2,234 $199,270 $75,000 $124,270
2021 $0 $199,270 $75,000 $124,270
2020 $1,910 $199,270 $75,000 $124,270
2019 $1,910 $75,190 $75,000 $190
2018 $1,691 $60,190 $60,000 $190
2017 $1,666 $60,190 $60,000 $190
2016 $1,530 $60,190 $60,000 $190
2015 $1,530 $172,540 $60,000 $112,540
2014 $1,461 $173,222 $65,000 $108,222
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kathy Yount

    Keller Williams Innovate-Wilmington

  • A

    Buyer's Agent in 2021

    Alma Bouchard

    Southport Realty, Inc.

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Map

Source: Hive MLS

MLS Number: 100280391

Hive MLS

APN: 238AD023

North Carolina Brunswick County Southport 28461

407 Mitchell St Unit A & B, Southport, NC

This home is located at 407 Mitchell St Unit A & B, Southport, NC 28461 since 09 July 2021 and is currently estimated at $419,895, approximately $189 per square foot. This property was built in 1972. 407 Mitchell St Unit A & B is a home located in Brunswick County with nearby schools including Southport Elementary School, South Brunswick Middle School, and South 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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