NOT LISTED FOR SALE

6640 W Kings Lynn L-38 Oak Island, NC 28465

Estimated Value: $1,744,000 - $2,071,117

0.17 Acre
$11,648,700 Price per Acre
7,536 Sq Ft Lot

Last Sold June 03, 2016

Last sale price $210,000

Est. 843% increase in value since last sale

Current estimated payment $10,860/month

226 Days on Market

Highlights

  • 44 Feet of Waterfront
  • Marina
  • Golf Course Community
  • Southport Elementary School Rated 9+
  • Community Boat Slip
  • Fitness Center

About This Lot

As of June 2016

REDUCED! Own a piece of Oak Island Paradise! Best priced lot in Kings Lynn! This gorgeous lot sits at the West End of Oak Island, in the prestigious Kings Lynn subdivision. Build your dream home and look out at Oak Island point, Holden Beach, Sheeps Island, Marsh, and the Atlantic Ocean. CAMA approved dock in the past, just need to renew the permit. Launch your boat in a few minutes you are in the Atlantic Ocean! Enjoy amazing sunsets with 360 degrees of water views. If you want water views and enjoy the water this is the property for you!

Last Agent to Sell the Property

Christopher Kuhn

RE/MAX at the Beach / Oak Island License #209254 Listed on: 10/05/2015

Last Buyer's Agent

Christopher Kuhn

Coldwell Banker Sea Coast Advantage

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $789

Lot Details

  • 7,536 Sq Ft Lot
  • Lot Dimensions are 55x178x44x130
  • Property fronts a marsh
  • 44 Feet of Waterfront
  • Lot Has A Rolling Slope

Property Views

  • Water Views

Schools

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

Listing and Financial Details

  • Tax Lot L-38
  • Assessor Parcel Number 203618415141

Community Details

Overview

  • No Home Owners Association
  • Kings Lynn Subdivision

Amenities

  • Picnic Area
  • Restaurant
  • Community Storage Space

Recreation

  • Community Boat Slip
  • Marina
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Fitness Center

Property Details

Property Type

Land

Est. Annual Taxes

$789

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Type Frontage: Paved
  • Waterfront: Yes
  • Waterview: Yes
  • Water Frontage: 44.00

Utilities

  • Fuel Tank: None

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: Boat Slip - Not Assign, Fitness Center, Golf Course, Marina, Picnic Grounds, Playground, Restaurant, Storage Lot, Tennis

Lot Info

  • Deed Book: 2164
  • Deed Page: 1296.00
  • Lot Dimensions: 55X178X44X130
  • Lot Number: L-38
  • Lot Sq Ft: 7536.00
  • Lot Water Features: Marsh Front
  • Special Assessments: not at time of purchase
  • Zoning: Residential
  • Acres: 0.17
  • Deed Restriction: No
  • Environmental Hazard: No
  • Flood Zone: Yes
  • List Price per Acre: 1661764.71
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Rolling, Sloped
  • Lot Number2: L-38

Tax Info

  • Tax Identifier: 203618415141
  • Tax Year: 2011
  • Total City Real Estate Property Tax: 789.00
  • Total Real Estate Property Taxes: 789.00

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2021
Sold by
Draughon Donald R and Draughon Judith S
Bought by
Donald R Draughon Jr Revocable Trust and Judith S Draughon Revocable Trust
Current Estimated Value
$1,980,279

Purchase Details

Closed on
Dec 13, 2016
Sold by
David Marketing Group Inc
Bought by
Draughon Donald R and Draughon Judith S

Purchase Details

Listed on
Oct 5, 2015
Closed on
Jun 2, 2016
Sold by
Mcgann Thomas E and Mcgann Teresa G
Bought by
Davis Marketing Group Inc
Seller's Agent
Christopher Kuhn
RE/MAX at the Beach / Oak Island
Buyer's Agent
Christopher Kuhn
Coldwell Banker Sea Coast Advantage
List Price
$309,900
Sold Price
$210,000
Premium/Discount to List
-$99,900
-32.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.93%
Source: Public Records

Range of Values:

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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
Donald R Draughon Jr Revocable Trust -- --
Donald R Draughon Jr Revocable Trust -- None Listed On Document
Draughon Donald R $259,500 None Available
Davis Marketing Group Inc $210,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2016 06/03/16 Sold $210,000 -32.2% --
05/18/2016 05/18/16 Pending -- -- --
10/05/2015 10/05/15 For Sale $309,900 -- --
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 $5,942 $1,398,390 $360,000 $1,038,390
2024 $5,942 $1,398,390 $360,000 $1,038,390
2023 $5,702 $1,398,390 $360,000 $1,038,390
2022 $5,702 $983,260 $270,000 $713,260
2021 $5,612 $983,260 $270,000 $713,260
2020 $5,537 $983,260 $270,000 $713,260
2019 $5,537 $383,360 $270,000 $113,360
2018 $4,492 $256,420 $215,000 $41,420
2017 $1,141 $215,000 $215,000 $0
2016 $1,139 $215,000 $215,000 $0
2015 $1,139 $215,000 $215,000 $0
2014 $1,578 $325,000 $325,000 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Christopher Kuhn

    RE/MAX

  • Chris Kuhn

    Buyer's Agent in 2016

    Chris Kuhn

    RE/MAX

    (910) 367-3347

    97 in this area

    136 Total Sales

    Chris Kuhn
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Map

Source: Hive MLS

MLS Number: 20696970

Hive MLS

APN: 233NA00111

North Carolina Brunswick County Oak Island 28465

6640 W Kings Lynn L-38, Oak Island, NC

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