NOT LISTED FOR SALE

103 E Beach Dr Oak Island, NC 28465

Estimated Value: $1,078,263 - $1,271,000

4 Beds
3.5 Baths
1,650 Sq Ft
$715/Sq Ft Est. Value

Last Sold October 25, 2019

Last sale price $712,000 $432 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $6,476/month

4 Days on Market

Highlights

  • Ocean Front
  • Deck
  • Furnished
  • Southport Elementary School Rated 9+
  • Main Floor Primary Bedroom
  • No HOA

About This Home

As of October 2019

Fabulous Oceanfront Opportunity! 0 Worries @ GullWing is easily recognizable with its idyllic wing-shaped roofline as you cross the new bridge to the island accented by its standout emerald & turquoise exterior w/ bermuda shutters. 0 Worries because you have arrived at the beach. 0 Worries because this totally turnkey home already underwent a major remodel in 2016. A new bathroom and a half were created along with a dedicated laundry room. The exterior was stripped to the studs & replaced with Hardie fiber cement siding, new windows & Anderson doors. On the interior, all new stainless appliances, luxury vinyl plank flooring throughout, new doors, new showers & toilets, crown molding, 2 new electric water heaters, new fans, fixtures, switches, new solid cherry butcher block kitchen bar, 5 new smart TVs, new W&D (2017), 2 new Trane HVAC Units (2018), new polywood deck furniture (2018) & new kitchen granite countertops (2019). And 0 Worries because this home comes with just under $100,000 in gross rental income & a loyal guest following. There is both an upstairs & downstairs Master Bedroom each with its own full bath but a private balcony upstairs too. A large, partially covered and open, gated deck on the 1st level is for everyone to enjoy including your dogs! And below a nice O/S shower with 3 full bays underneath the house for covered parking and 3 parking spaces behind totals 6! 0 Worries because this home has it all! Please schedule your showing today because this turnkey investment property is a rare chance at affordable oceanfront living!

Last Agent to Sell the Property

Brendan Gordon

Coastal Development & Realty Oak Island License #264772 Listed on: 09/26/2019

Last Buyer's Agent

Burt Elmore

Coldwell Banker Sea Coast Advantage

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1987

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150 x 50 x 150
  • Ocean Front
  • Dunes

Home Design

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

Interior Spaces

  • 1,650 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Combination Dining and Living Room
  • Vinyl Flooring
  • Ocean Views

Kitchen

  • Electric Cooktop
  • Stove
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Attic

  • Attic Fan
  • Attic Access Panel

Home Security

  • Hurricane or Storm Shutters
  • Storm Windows
  • Fire and Smoke Detector

Parking

  • 3 Parking Spaces
  • 3 Attached Carport Spaces
  • Lighted Parking

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Deck
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Long Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 234me01901

Home Details

Home Type

Single Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Appliances Equipment: Cooktop - Electric, Stove/Oven - Electric, Washer, Refrigerator, Microwave - Built-In, Ice Maker, Dryer, Disposal, Dishwasher
  • Auction: No
  • Basement: None
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Cooling System: Attic Fans, Central
  • Deed Page: 1296.00
  • Directions To Property: From Rte 211, take Midway Drive to Oak Island. Cross over the new bridge and head straight to the stop sign at Beach Drive. Home is oceanfront - the 2nd home to left of stop sign.
  • Document Count: 5
  • Federal Flood Ins Avlbl: Yes
  • Fencing: None
  • Fireplace: None
  • Foundation: Pilings
  • Fuel Tank: None
  • Green Bldg Features: None
  • Handicap Accessible: None
  • H O A: No
  • H O Aand Neighborhood Amenities: See Remarks
  • Listing I D: 100185939
  • List Priceper Sq Ft: 435.76
  • Location Type: Island
  • Lot Acres: 0.17
  • Lot Description: Dunes
  • Lot Dimensions: 50 x 150 x 50 x 150
  • Lot Sq Ft: 7405.00
  • Marketing City: Oak Island Beach
  • M L S Approved: Y
  • New Construction: No
  • Porch Balcony Deck: Balcony, Open, Covered, Deck
  • Pre Direction: E
  • Prospect Exempt: No
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Secondary Subdivision: N/A
  • Service Providers Electric Provider: Brunswick Electric
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Sign On Property: Yes
  • Special Assessments: None known
  • Sq Ft Heated: 1650.00
  • State Province: NC
  • Stipulation Of Sale: None
  • Stories: 2.0
  • Stories Levels: Two
  • Subdivision: Long Beach
  • Tax Identifier: 234me01901
  • Tax Year: 2019
  • Terms: Cash, Conventional
  • Total Heated Primary Separate Sq Ft: 1650.00
  • Water Heater: Electric
  • Waterview: Yes
  • Year Built: 1987
  • Zoning: Residential
  • Road Frontage Type: Ocean Front
  • Lot View Type: Ocean View, Water View
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Access Only
  • Dining Room Type: Combination
  • Flooring: Vinyl
  • Interior Amenities: 1st Floor Master, Pantry, Walk-in Shower, Smoke Detectors, Furnished, Ceiling Fan(s)
  • Laundry Location: Room
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Bedrooms: 4

Exterior Features

  • Exterior Features: Outdoor Shower, Storm Windows, Shutters - Board/Hurricane
  • Exterior Finish: Fiber Cement, Wood Siding
  • On Site Pool Spa: None
  • Roof: Shingle
  • Waterfront: Yes

Garage/Parking

  • Attached Carport Spaces: 3.00
  • Garage And Parking Driveway Spaces: 3.00
  • Total Carport Spaces: 3.00
  • Parking Driveway: Carport, Lighted

Utilities

  • Heated Sq Ft: 1600 - 1799
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2022
Sold by
Marens Stephen M and Marens Dionne K
Bought by
Loveyourlots Llc
Current Estimated Value
$1,179,066

Purchase Details

Listed on
Sep 26, 2019
Closed on
Oct 15, 2019
Sold by
Mcleod James W and Mcleod Karen L
Bought by
Marens Stephen M and Marens Dionne K
Seller's Agent
Brendan Gordon
Coastal Development & Realty Oak Island
Buyer's Agent
Burt Elmore
Coldwell Banker Sea Coast Advantage
List Price
$719,000
Sold Price
$712,000
Premium/Discount to List
-$7,000
-0.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.46%
Original Mortgage
$484,350
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 13, 2014
Closed on
Dec 1, 2015
Sold by
Lockland Walter and Lockland Joan
Bought by
Mcleod James W and Mcleod Karen L
Seller's Agent
Libba Motsinger
Margaret Rudd Assoc/O.I.
Buyer's Agent
Brendan Gordon
Coastal Development & Realty Oak Island
List Price
$489,000
Sold Price
$385,000
Premium/Discount to List
-$104,000
-21.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.12%

Purchase Details

Closed on
May 1, 2003
Bought by
Lockland Walter Et Joan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Loveyourlots Llc -- --
Loveyourlots Llc -- None Listed On Document
Marens Stephen M $712,000 None Available
Mcleod James W $385,000 None Available
Lockland Walter Et Joan $341,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marens Stephen M $484,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/25/2019 10/25/19 Sold $712,000 -1.0% $432 / Sq Ft
09/30/2019 09/30/19 Pending -- -- --
09/26/2019 09/26/19 For Sale $719,000 +86.8% $436 / Sq Ft
12/04/2015 12/04/15 Sold $385,000 -21.3% $240 / Sq Ft View Prior Sale
11/24/2015 11/24/15 Pending -- -- --
09/13/2014 09/13/14 For Sale $489,000 -- $305 / 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 $3,723 $904,160 $575,000 $329,160
2024 $37 $904,160 $575,000 $329,160
2023 $2,606 $904,160 $575,000 $329,160
2022 $2,606 $452,560 $260,000 $192,560
2021 $2,576 $452,560 $260,000 $192,560
2020 $2,551 $452,560 $260,000 $192,560
2019 $2,551 $260,000 $260,000 $0
2018 $1,940 $337,590 $175,000 $162,590
2017 $1,940 $175,000 $175,000 $0
2016 $1,915 $175,000 $175,000 $0
2015 $1,880 $337,590 $175,000 $162,590
2014 $1,838 $358,790 $250,000 $108,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100185939

Hive MLS

APN: 234ME01901