NOT LISTED FOR SALE

114 E Corbett Ave Swansboro, NC 28584

Estimated Value: $1,323,519

Studio
-- Bath
3,000 Sq Ft
$441/Sq Ft Est. Value

Last Sold April 07, 2021

Last sale price $900,000 $300 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $7,382/month

700 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Boat Ramp
  • Boat Slip
  • Boat Dock
  • Home fronts a sound
  • Wood Flooring

About This Home

As of April 2021

This spectacular WATER FRONT PROPERTY is situated on the beautiful ICW & White Oak River, on busy Hwy 24, in the affluent historic town of Swansboro, also known as the Crystal Coast.The 3000 sq ft building has been renovated, from support pilings (approved by an Engineer) to roof top. Remodeled professionally with a new Industrial gauge Metal Roof, New Hardie Board concrete siding, new marine grade storm-shield mold inhibiting paint coating both inside & out, electrical upgrades & new fixtures. Hurricane Florence made remodeling now a great choice. This building is elevated far from ground level & water has never entered it from below. Flooding & weather are not an issue! Even with the Coronavirus, the daily average for traffic passing this location was 29,000 cars a day according to NCDOT! No need for advertising here! This beautiful Upscale Restaurant has approved seating for 120 people with agorgeous lounge style Hardwood bar, ready to serve drinks. Out on the deck, is another800 sq. ft. of outdoor canopy seating, directly over the water. Imagine your customershaving frozen cocktails as the sun sets, watching the Shrimp Trawlers dock next door& unload their fresh catch, while dolphins jump in the water and Pelicans scoop fish. Also included is a storage shed, large private docks, boat ramp, 9 boat slips &approximately 200' of ''sea-wall'' professionally installed Bulkhead. These Docks werecustom built & designed with a layout to host the popular, & very lucrative, abilityfor jet ski, wave runner, boat & watercraft rentals. This is your Deeded Water Access,with an abundance of paid/permissible parking, which is rare & valuable on the coast. Property has over 350' of road & water-front for many possibilities! It boasts a fully furnished restaurant with kitchen equipment, small wares, seating, tables, boat ramp & docks. Located on one of the most highly traveled roads in our growing area! Coastal lovers come for gorgeous Beaches, boating,

Last Agent to Sell the Property

Teresa & Bucky S Team

Bluewater Real Estate - EI License #254357 Listed on: 03/05/2019

Last Buyer's Agent

Teresa & Bucky S Team

Bluewater Real Estate - EI License #254357 Listed on: 03/05/2019

Property Details

Property Type

  • Other

Year Built

  • Built in 1985

Lot Details

  • 0.54 Acre Lot
  • Home fronts a sound
  • Property is zoned B1

Home Design

  • 3,000 Sq Ft Home
  • Metal Roof
  • Piling Construction
  • Composite Building Materials

Flooring

  • Wood
  • Tile
  • Vinyl

Parking

  • Driveway
  • Unpaved Parking
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Bulkhead
  • Boat Ramp
  • Boat Slip

Utilities

  • Central Air
  • Heat Pump System
  • Hot Water Heating System
  • Propane
  • Electric Water Heater
  • Fuel Tank

Listing and Financial Details

  • Assessor Parcel Number 1324-55

Community Details

Overview

  • No Home Owners Association

Recreation

  • Boat Dock

Property Details

Property Type

Other

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: G
  • Sub Type: Improved
  • Sub Type2: Other
  • List Priceper Sq Ft: 383.33
  • New Construction: No
  • Prospect Exempt: No
  • Secondary Subdivision: N/A
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Tile, Vinyl, Wood
  • Sq Ft Heated: 3000.00

Exterior Features

  • Exterior Finish: Composition, See Remarks
  • Foundation: Pilings
  • Road Type Frontage: 4+ Lanes, Maintained, Paved, Public (City/Cty/St)
  • Roof: Metal, See Remarks
  • Road Trans Access State Highway: Less than 5 Miles

Garage/Parking

  • Parking Driveway: On Site, Paved, Unpaved
  • Garage: No

Utilities

  • Cooling System: Central
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Leased
  • Heating System: Heat Pump, Hot Water
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric

Association/Amenities

  • H O A: No

Lot Info

  • Cobra Zone: No
  • Deed Book: 2334
  • Deed Page: 663.00
  • Lot Acres: 0.54
  • Lot Description: See Others
  • Lot Dimensions: Irregular
  • Lot Sq Ft: 23522.00
  • Lot Water Features: Boat Dock, Boat Ramp, Boat Slip, Bulkhead, Deeded Water Access, Deeded Water Rights, Deeded Waterfront, Sound Side
  • Zoning: B1
  • Miscellaneous Current Use: Was a Resaurant

Rental Info

  • Appointment Contact: Call Listing Agent
  • Sale Lease: Sale
  • Sale Lease Includes: Buildings, Equipment, Fixtures, Furniture, Land, See Remarks

Tax Info

  • Tax Identifier: 1324-55
  • Tax Year: 2018
  • Total City Real Estate Property Tax: 6619.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2019
Closed on
Apr 7, 2021
Sold by
Abbadessa Laurie and Hynes Laurie
Bought by
Johnson Family Land Holdings Llc
Seller's Agent
Teresa & Bucky S Team
Bluewater Real Estate - EI
Buyer's Agent
Teresa & Bucky S Team
Bluewater Real Estate - EI
List Price
$1,150,000
Sold Price
$900,000
Premium/Discount to List
-$250,000
-21.74%
Current Estimated Value
$1,323,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$423,519
Avg. Annual Appreciation
8.37%
Original Mortgage
$755,000
Outstanding Balance
$682,219
Interest Rate
3.05%
Mortgage Type
Credit Line Revolving
Estimated Equity
$641,300

Purchase Details

Closed on
Oct 18, 2004
Bought by
Hynes Laurie
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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Purchase History

Date Buyer Sale Price Title Company
Johnson Family Land Holdings Llc $900,000 None Available
Hynes Laurie $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Family Land Holdings Llc $755,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2021 04/07/21 Sold $900,000 -21.7% $300 / Sq Ft
02/02/2021 02/02/21 Pending -- -- --
01/02/2021 01/02/21 For Sale $1,150,000 +27.8% $383 / Sq Ft
12/31/2020 12/31/20 Off Market $900,000 -- --
03/05/2019 03/05/19 For Sale $1,495,000 -- $498 / Sq Ft
Source: Hive MLS

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 $5,957 $592,750 $462,940 $129,810
2024 $5,957 $592,750 $462,940 $129,810
2023 $5,957 $592,750 $462,940 $129,810
2022 $5,957 $592,750 $462,940 $129,810
2021 $6,381 $604,787 $433,690 $171,097
2020 $6,381 $604,787 $433,690 $171,097
2019 $6,994 $662,917 $491,820 $171,097
2018 $6,994 $662,917 $491,820 $171,097
2017 $6,614 $645,300 $491,820 $153,480
2016 $6,614 $645,300 $0 $0
2015 $6,614 $645,300 $0 $0
2014 $6,614 $645,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100153601

Hive MLS

APN: 018343