NOT LISTED FOR SALE

638 Fourth Ave S Kure Beach, NC 28449

Estimated Value: $952,000 - $1,214,000

4 Beds
3 Baths
1,954 Sq Ft
$563/Sq Ft Est. Value

Last Sold June 26, 2023

Last sale price $1,100,000 $563 Per Sq Ft

Current estimated payment $6,338/month

42 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • 1 Fireplace
  • No HOA
  • Carolina Beach Elementary School Rated A-
  • Furnished
  • Covered Patio or Porch

About This Home

As of June 2023

Welcome to your own private oasis in the heart of Kure Beach! This stunning 2019 custom-built home offers the perfect combination of luxury, comfort, and convenience, just two blocks away from the beach.As you enter the main floor, you will be greeted by a beautifully designed kitchen, complete with a gas range, apron-style sink, and a large granite island perfect for entertaining guests. The built-in wine cooler is perfect for stocking up on your favorite beverages, while the screened-in patio offers breathtaking views of the sunrise over the Atlantic Ocean.The master bedroom is a true sanctuary, with ample space and a luxurious ensuite bathroom. The personal sunroom leading to the screened-in porch is the perfect place to relax and unwind after a long day at the beach.The lower level of this home features a spacious 4-car garage with an epoxy floor, currently serving as a game room with air hockey, foosball, and ping pong tables for endless entertainment. The garage also provides plenty of storage space for all of your beach toys. Don't worry about lugging your groceries up the steps, as this home also comes equipped with an elevator!The highlight of this property is the custom-designed landscaping, featuring new lighting, palm trees, marble pavers, a fire pit, and artificial turf. Rinse off the sand and salty water in the outdoor shower before sitting around the fire pit and enjoying the beautiful scenery.This property comes fully furnished and is currently operating as a successful AirBnB, with over $85,000 in income produced in 2022 from April onwards. With a projected income of $105,000 for 2023, this is an excellent investment opportunity. All linens, towels, and extra toiletries convey, so you can start running your rental the day after closing.Don't miss your chance to own this stunning private oasis in Kure Beach!

Last Agent to Sell the Property

Andrew Luczak

Century 21 Vanguard License #331802 Listed on: 04/12/2023

Last Buyer's Agent

A Non Member

A Non Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,101

Year Built

  • Built in 2019

Lot Details

  • 5,009 Sq Ft Lot
  • Lot Dimensions are 50x100x50x100
  • Property is Fully Fenced
  • Vinyl Fence
  • Property is zoned RA-2

Home Design

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

Interior Spaces

  • 1,954 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • 1 Fireplace
  • Blinds
  • Combination Dining and Living Room
  • Laundry in Basement
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 4 Car Attached Garage
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Propane
  • Fuel Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R09308-002-013-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,101

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 2019
  • Horses Y N: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: 1
  • Heated Sq Ft: 1800 - 1999
  • Interior Amenities: 9Ft+ Ceilings, Security System, Smoke Detectors, Elevator, Kitchen Island, Furnished, Ceiling Fan(s), Blinds/Shades
  • Laundry Location: Basement
  • List Price per Sq Ft: 588.54
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedrooms: 4
  • Number Rooms: 5
  • Sq Ft Heated: 1954.00
  • Total Heated Primary Separate Sq Ft: 1954.00

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Vinyl Siding
  • Fencing: Full, Vinyl
  • Foundation: Pilings
  • Porch Balcony Deck: Covered, Patio, Screened, Porch
  • Road Type Frontage: Maintained, Public (City/Cty/St)
  • Roof: Architectural Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Attached Garage Spaces: 4.00
  • Total Garage Spaces: 4.00
  • Parking Driveway: Concrete

Utilities

  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Owned
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Page: 2543.00
  • Lot Acres: 0.12
  • Lot Dimensions: 50x100x50x100
  • Lot Sq Ft: 5009.00
  • Plat Book: 4
  • Plat Page: 90-91
  • Zoning: RA-2

Rental Info

  • Rental Income Gross Rental Income: 85007.00

Tax Info

  • Tax Identifier: R09308-002-013-000
  • Tax Year: 2022
  • Total Real Estate Property Taxes: 4101.35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2023
Closed on
Jun 9, 2023
Sold by
Currin Matthew A
Bought by
Raleigh Restaurant Equipment Inc
Seller's Agent
Andrew Luczak
Century 21 Vanguard
Buyer's Agent
A Non Member
A Non Member
List Price
$1,150,000
Sold Price
$1,100,000
Premium/Discount to List
-$50,000
-4.35%
Views
43
Current Estimated Value
$1,101,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,070
Avg. Annual Appreciation
-4.13%
Original Mortgage
$500,000
Outstanding Balance
$489,173
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving
Estimated Equity
$514,105

Purchase Details

Closed on
Feb 18, 2022
Sold by
Cummings Michael P
Bought by
Currin Matthew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2020
Sold by
Compher Kenneth A and Compher Iris M
Bought by
Cummings Michael P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2016
Sold by
Paschal Arthur G and Paschal Arthur G
Bought by
Compher Kenneth A and Rivera Iris M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 1978
Bought by
Paschall Jerry
Source: Public Records

Range of Values:

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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
Raleigh Restaurant Equipment Inc $1,100,000 None Listed On Document
Currin Matthew A $850,000 Barnes Ned M
Cummings Michael P $585,000 None Available
Compher Kenneth A $140,000 None Available
Paschall Jerry $5,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raleigh Restaurant Equipment Inc $500,000
Previous Owner Currin Matthew A $550,000
Previous Owner Cummings Michael P $420,000
Previous Owner Compher Kenneth A $371,000
Previous Owner Compher Kenneth A $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2023 06/26/23 Sold $1,100,000 -4.3% $563 / Sq Ft
05/24/2023 05/24/23 Pending -- -- --
04/12/2023 04/12/23 For Sale $1,150,000 -- $589 / 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
2023 $4,211 $569,000 $218,800 $350,200
2022 $4,101 $569,000 $218,800 $350,200
2021 $4,215 $569,000 $218,800 $350,200
2020 $3,615 $403,900 $141,200 $262,700
2019 $3,615 $205,000 $141,200 $63,800
2018 $0 $205,000 $141,200 $63,800
2017 $1,207 $141,200 $141,200 $0
2016 $1,204 $132,600 $132,600 $0
2015 $1,108 $132,600 $132,600 $0
2014 $1,081 $132,600 $132,600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100378631

Hive MLS

APN: R09308-002-013-000