NOT LISTED FOR SALE

423 40th St Sunset Beach, NC 28468

Estimated Value: $1,147,000 - $1,217,000

5 Beds
2 Baths
1,784 Sq Ft
$664/Sq Ft Est. Value

Last Sold September 29, 2021

Last sale price $900,000 $504 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,578/month

4 Days on Market

Highlights

  • Ocean View
  • Deck
  • Furnished
  • Island Location
  • Main Floor Primary Bedroom
  • Screened Porch

About This Home

As of September 2021

BREATHTAKING VIEWS FROM THE COVETED 40th STREET WEST END AND ONLY STEPS AWAY FROM A PUBLIC BEACH ACCESS near Kindred Spirit Mailbox and Bird Island! This home has been completely remodeled and offers new flooring, paint, and light fixtures throughout the home. A large, open living and dining space highlights tall ceilings and access to a relaxing screened porch and deck. An adjacent kitchen features new appliances and an upcoming remodel scheduled for November with Fantasy Kitchen with the deposit paid. Four comfortable, beautiful bedrooms with 2 fully remodeled baths are perfect for family or guests. An inviting remodeled 5th bedroom loft features lovely water views and a new exterior door. The front porch and balcony offer additional, private open-air space and incredible sunset views! The outdoor shower includes new plumbing and fixtures, and a new refrigerator and freezer are located downstairs. Lots of outside patio space to relax after a day of beach living. Other updated outdoor features include a new roof, irrigation, wooden fence, privacy lattice on each side of the house, seals and glass in windows and doors, driveway, and lovely landscaping including zoysia sod. This is the perfect family home or income-worthy vacation rental.

Last Agent to Sell the Property

McNeely Group

Landmark Sotheby's Intl Realty Listed on: 08/13/2021

Landmark Sotheby's Intl Realty

Last Buyer's Agent

AGENT .NON-MLS

.Non-Member Office

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1985

Lot Details

  • 4,356 Sq Ft Lot
  • Property fronts a marsh
  • Fenced
  • Rectangular Lot
  • Property is zoned BR2

Parking

  • Tuck Under Parking

Home Design

  • Stilt Home
  • Raised Foundation
  • Wood Frame Construction
  • Siding
  • Tile

Interior Spaces

  • 1,784 Sq Ft Home
  • 1.5-Story Property
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Combination Kitchen and Dining Room
  • Screened Porch
  • Carpet
  • Ocean Views
  • Washer and Dryer

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Deck

Location

  • Island Location
  • East of US 17

Utilities

  • Central Heating and Cooling System
  • Water Heater

Community Details

  • The community has rules related to fencing

Home Details

Home Type

Single Family

Year Built

Built in 1985

Lot Details

0

Parking

6

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 49x90x50x90
  • Estimated Year Built: 1985
  • Class: Residential
  • Construction Status: Resale
  • Floor Cover: Tile, Wood, Carpeting
  • HOA Fee Frequency: Does Not Have Hoa
  • Heating And Cooling: Central Heat, Central Air, Electric
  • Lvt Date: 08/13/2021
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Total Heated Sq Ft: 1784
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1985

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat Convey, Security System, Smoke Detector, Washer/Dryer, Furnished
  • Other Rooms: Screened Porch
  • Primary Bathroom: Tub/Shower Combo
  • Kitchen Type: Dishwasher, Garbage Disposal, Refrigerator, Microwave
  • Master Bedroom Type: Ceiling Fan, 1st Flr Level
  • Bedrooms: 5
  • Dining Room Type: Kit/Dr Combo
  • Full Bathrooms: 2
  • Levels: One And One Half
  • Total Sq Ft: 1784

Exterior Features

  • Exterior Features: Deck, Balcony, Front Porch, Rear Porch, Fencing, Outside Storage Attached
  • Exterior Finish: Wood Frame, Siding
  • Foundation: Raised Beach
  • Number Of Acres: 0.1

Garage/Parking

  • Type: Detached

Utilities

  • Water Heater: Electric
  • Utilities Available: Electricity, Water Public, Sewer

Lot Info

  • Lot Location: Inside City Limits, East Of Bus 17, Island, Oceanview Lot, Marsh/Wetlans View
  • Zoning: BR2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2021
Closed on
Sep 27, 2021
Sold by
Mullis Timothy D and Mullis Cheryl P
Bought by
Vellody Ranjith and Miller Melissa Anne
Seller's Agent
McNeely Group
Landmark Sotheby's Intl Realty
Buyer's Agent
AGENT .NON-MLS
.Non-Member Office
List Price
$849,000
Sold Price
$900,000
Premium/Discount to List
$51,000
6.01%
Current Estimated Value
$1,184,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,745
Avg. Annual Appreciation
6.46%
Original Mortgage
$720,000
Outstanding Balance
$656,573
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$528,172

Purchase Details

Listed on
Apr 30, 2014
Closed on
Apr 17, 2015
Sold by
Curtis Bruce and Curtis Sara
Bought by
Mullis Timothy and Mullis Cheryl
Seller's Agent
David Nelson
CENTURY 21 Sunset Realty
Buyer's Agent
Alice Noonan
CENTURY 21 Sunset Realty
List Price
$495,000
Sold Price
$445,000
Premium/Discount to List
-$50,000
-10.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.56%
Original Mortgage
$333,750
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2004
Bought by
Curtis Bruce
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
Vellody Ranjith $900,000 None Available
Mullis Timothy $445,000 None Available
Curtis Bruce $495,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vellody Ranjith $720,000
Previous Owner Mullis Timothy $333,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2021 09/29/21 Sold $900,000 +6.0% $504 / Sq Ft
08/13/2021 08/13/21 For Sale $849,000 +90.8% $476 / Sq Ft
04/24/2015 04/24/15 Sold $445,000 -10.1% $262 / Sq Ft View Prior Sale
04/11/2015 04/11/15 Pending -- -- --
04/30/2014 04/30/14 For Sale $495,000 -- $291 / Sq Ft
Source: Coastal Carolinas Association of REALTORS®

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 $5,108 $977,650 $290,000 $687,650
2024 $51 $977,650 $290,000 $687,650
2023 $2,937 $977,650 $290,000 $687,650
2022 $2,937 $425,810 $127,500 $298,310
2021 $0 $387,840 $127,500 $260,340
2020 $2,692 $387,840 $127,500 $260,340
2019 $2,692 $127,720 $127,500 $220
2018 $2,422 $130,220 $130,000 $220
2017 $2,401 $130,220 $130,000 $220
2016 $2,376 $130,220 $130,000 $220
2015 $2,376 $352,850 $130,000 $222,850
2014 $2,654 $466,471 $330,000 $136,471
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2117932

Coastal Carolinas Association of REALTORS®

APN: 263AC012

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