NOT LISTED FOR SALE

111 E First St Ocean Isle Beach, NC 28469

Estimated Value: $1,270,000 - $1,601,000

5 Beds
7 Baths
2,501 Sq Ft
$588/Sq Ft Est. Value

Last Sold April 16, 2020

Last sale price $675,000 $270 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $7,966/month

177 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Wood Flooring
  • Union Elementary School Rated A-
  • Deck
  • Main Floor Primary Bedroom

About This Home

As of April 2020

LOCATION! Move right in to this great home, perfectly situated on Ocean Isle Beach and close to EVERYTHING! If you are looking for a great escape, look no further! Get swept away at this tropical paradise, providing the perfect backdrop for a memorable beach vacation. This 5 BR second row Island cottage is open, bright and comfortable for your family and friends. With its reverse floor plan, there are plenty of windows to take in the spectacular views. An abundance of upgrades, beach access only steps away, your own private pool, ELEVATOR, granite counter tops, stainless appliances, 2 living areas that have built-in surround sound, decorative moldings, hardwood floors, bead board, outdoor shower, gas-log fireplace for those cooler NC nights, and much more! Being sold fully furnished, you won't want for anything! Relax on the open and covered decks while taking in the sights and sounds of coastal life at its finest. Brand new HVAC for the downstairs level. GREAT RENTAL INCOME! Do not miss this opportunity to own your piece of paradise on Ocean Isle Beach!

Last Agent to Sell the Property

Sarah Harris

Intracoastal Realty Listed on: 08/20/2019

Intracoastal Realty

Last Buyer's Agent

Matt Snow

Coastal ERA License #307995

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Fenced Yard

Parking

  • Off-Street Parking

Home Design

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

Interior Spaces

  • 2,501 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Combination Dining and Living Room
  • Ocean Views

Kitchen

  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Air
  • Heat Pump System
  • Propane
  • Electric Water Heater
  • Fuel Tank
  • Community Sewer or Septic

Community Details

  • No Home Owners Association
  • Security Lighting

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 258ad006

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Appliances Equipment: Dishwasher, Refrigerator, Washer, Microwave - Built-In, Dryer, Disposal
  • Auction: No
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Cooling System: Central
  • Deed Page: 695.00
  • Directions To Property: Causeway Drive, go over OIB bridge, go right off round-about onto W First to 111
  • Document Count: 10
  • Fencing: Back Yard
  • Fireplace: 1
  • Foundation: Pilings
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Leased
  • H O A: No
  • H O Aand Neighborhood Amenities: No Tenant Pets
  • Listing I D: 100181048
  • List Priceper Sq Ft: 279.85
  • Location Type: Island
  • Lot Acres: 0.11
  • Lot Dimensions: 50X100
  • Lot Number: 5
  • Lot Sq Ft: 4792.00
  • Lot Water Features: Second Row
  • Marketing City: Ocean Isle Beach
  • M L S Approved: Y
  • New Construction: No
  • Porch Balcony Deck: Deck, Patio
  • Pre Direction: E
  • Prospect Exempt: No
  • Road Type Frontage: Paved
  • School District: Brunswick
  • Secondary Subdivision: N/A
  • Sign On Property: Yes
  • Sq Ft Heated: 2501.00
  • State Province: NC
  • Stipulation Of Sale: None
  • Stories: 2.0
  • Stories Levels: Two
  • Subdivision: Not In Subdivision
  • Tax Identifier: 258ad006
  • Tax Year: 2018
  • Terms: Cash, Conventional
  • Total Heated Primary Separate Sq Ft: 2501.00
  • Water Heater: Electric
  • Waterview: Yes
  • Year Built: 2005
  • Zoning: Residential
  • Lot View Type: Ocean View, Water View
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination, Kitchen
  • Flooring: Carpet, Wood, Tile
  • Interior Amenities: 1st Floor Master, Wet Bar, Elevator, Gas Logs, Furnished, Ceiling Fan(s), Blinds/Shades
  • Master Bedroom Level: N/A
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bathrooms: 7.00
  • Bedrooms: 5

Exterior Features

  • Exterior Features: Outdoor Shower, Security Lighting
  • Exterior Finish: Vinyl Siding
  • On Site Pool Spa: In Ground
  • Roof: Shingle
  • Waterfront: No

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Heated Sq Ft: 2400 - 2599
  • Heating System: Heat Pump
  • Utilities: Community Sewer, Sewer Tap Available, Water Tap Available, Community Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2019
Closed on
Mar 20, 2020
Sold by
Tassel Richard L Van and Tassel Deborah L
Bought by
Yehia Samih Toufic and Yehia Rebecca Ann
Seller's Agent
Sarah Harris
Intracoastal Realty
Buyer's Agent
Matt Snow
Coastal ERA
List Price
$735,000
Sold Price
$675,000
Premium/Discount to List
-$60,000
-8.16%
Current Estimated Value
$1,469,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$794,840
Avg. Annual Appreciation
14.47%
Original Mortgage
$400,000
Outstanding Balance
$352,210
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,117,630

Purchase Details

Closed on
Jul 1, 2004
Bought by
Vantassel Richard L
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
Yehia Samih Toufic $675,000 None Available
Vantassel Richard L $475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yehia Samih Toufic $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2020 04/16/20 Sold $675,000 -8.2% $270 / Sq Ft
02/13/2020 02/13/20 Pending -- -- --
08/20/2019 08/20/19 For Sale $735,000 -- $294 / 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 $4,285 $1,102,060 $400,000 $702,060
2024 $42 $1,102,060 $400,000 $702,060
2023 $3,701 $1,084,060 $400,000 $684,060
2022 $3,701 $659,130 $220,000 $439,130
2021 $3,711 $659,130 $220,000 $439,130
2020 $3,665 $659,130 $220,000 $439,130
2019 $3,638 $229,870 $220,000 $9,870
2018 $3,496 $211,810 $200,000 $11,810
2017 $3,398 $211,810 $200,000 $11,810
2016 $3,348 $211,810 $200,000 $11,810
2015 $3,348 $628,230 $200,000 $428,230
2014 $2,907 $597,569 $300,000 $297,569
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100181048

Hive MLS

APN: 258AD006