R
Seller's Agent in 2023
Rainey Simmons
Salt Water Real Estate LLC
(336) 362-7876
3 in this area
35 Total Sales
135 N 3rd Ave Kure Beach, NC 28449
5
Beds
3
Baths
2,273
Sq Ft
5,009
Sq Ft Lot
Highlights
- Deck
- Furnished
- No HOA
- Carolina Beach Elementary School Rated A-
- Ground Level Unit
- 3-minute walk to Kure Beach Ocean Front Park & Pavilion
About This Home
As of July 2023Looking for a Kure Beach multi-unit/multifamily investment opportunity? Or maybe the perfect opportunity to live in one home, and rent two others? The entire property, consisting of a standalone SFR and neighboring duplex has a strong and consistent income producing track record (available upon request). The property itself grossed over $90,000+ in 2021(See attached rental history for more information). All 3 units come fully furnished and are actively being advertised to monthly winter vacation renters to ensure continued cashflow with year-round management efforts. The units were redecorated this spring along with being given new paint, flooring, furnishings, and bedding, to go along with general updating. The property is located just 1 block from the Atlantic, the Kure Beach boardwalk, and the fishing pier. The 1st unit (unit 1) is a stick-built home on pilings with its own dedicated HVAC system. It has 2 bedrooms, 1 bath, a full kitchen and a large outdoor porch and deck area complete with a private picnic table and sitting space. Unit 2 (the left duplex) is comprised of 1 bedroom and 1 bath along with an open kitchen and living room floor plan. Unit 3 (the right duplex) in comprised of 2 bedrooms (including a large master with sliding glass doors to the patio) and 1 bath. They are heated and cooled by a combination of window and wall units. Both suites share a large deck space complete with picnic tables, swings, and various sitting areas. The units share an outside shower along with the potential of a laundry room under unit 1 that could be used by utilized by future renters. Each unit comes with a dedicated off-street parking space. If you're looking for a successful and reliable investment that will keep increasing in value as time goes by, then this might be the property for you! The property is being sold fully furnished and is turnkey!
Last Agent to Sell the Property
Salt Water Real Estate LLC License #263240 Listed on: 09/01/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,076
Year Built
- Built in 1986
Lot Details
- 5,009 Sq Ft Lot
- Lot Dimensions are 50x100
Home Design
- Triplex
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Membrane Roofing
- Wood Siding
- Concrete Siding
- Block Exterior
- Piling Construction
Interior Spaces
- 1-Story Property
- Furnished
- Ceiling Fan
- Blinds
- Luxury Vinyl Plank Tile Flooring
- Partial Basement
- Fire and Smoke Detector
- Kitchen Island
Bedrooms and Bathrooms
- 3 Bathrooms
- Walk-in Shower
Parking
- 3 Parking Spaces
- Driveway
- Assigned Parking
Outdoor Features
- Deck
- Covered patio or porch
Location
- Ground Level Unit
Schools
- Carolina Beach Elementary School
- Murray Middle School
- Ashley High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number R09213-012-014-000
Community Details
Overview
- No Home Owners Association
Pet Policy
- No Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 15, 2024
Sold by
Jwest Capital Llc
Bought by
Jwest Capital Llc and Kanapaux
Total Days on Market
6
Current Estimated Value
Purchase Details
Listed on
Sep 1, 2022
Closed on
Jan 5, 2023
Sold by
Depalma Jessica Elisha
Bought by
Kure Beach Nc Llc
Seller's Agent
Carol Ellington
Salt Water Real Estate LLC
Buyer's Agent
The Domenico Grillo Real Estate Team
Keller Williams Innovate-Wilmington
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%
Views
38
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.13%
Purchase Details
Listed on
Sep 1, 2022
Closed on
Oct 3, 2022
Sold by
Gf2017 Llc
Bought by
Depalma Jessica Elisha
Seller's Agent
Carol Ellington
Salt Water Real Estate LLC
Buyer's Agent
The Domenico Grillo Real Estate Team
Keller Williams Innovate-Wilmington
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%
Views
38
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.92%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 13, 2019
Closed on
Apr 12, 2019
Sold by
Pamela S Williams Rev Declartaion Of Tr
Bought by
Gf2017 Llc
Seller's Agent
Teresa Clontz
Carolina Retreats Vacations LLC
Buyer's Agent
Carol Ellington
Salt Water Real Estate LLC
List Price
$425,000
Sold Price
$395,000
Premium/Discount to List
-$30,000
-7.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.70%
Original Mortgage
$335,750
Interest Rate
4%
Mortgage Type
Commercial
Purchase Details
Listed on
May 10, 2017
Closed on
May 24, 2018
Sold by
Good Crystine and Nielsen David Keith
Bought by
Williams Pamela S and Pamela S Williams Revocable Declaration
Seller's Agent
Brian Walsh
Wilkinson ERA Real Estate
Buyer's Agent
Teresa Clontz
Blue Water Realty
List Price
$419,900
Sold Price
$375,000
Premium/Discount to List
-$44,900
-10.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.68%
Original Mortgage
$281,250
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 15, 2015
Closed on
Sep 4, 2015
Sold by
Llbbd Llc
Bought by
Good Crystine
Seller's Agent
Jim Ring
Jim Ring Realty
Buyer's Agent
Kevin Walsh
Wilkinson ERA Real Estate
List Price
$439,000
Sold Price
$367,500
Premium/Discount to List
-$71,500
-16.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.74%
Original Mortgage
$267,500
Interest Rate
4.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 19, 2013
Sold by
Jones William David and Jones Betty B
Bought by
Llbbd Llc
Purchase Details
Closed on
Jan 1, 2001
Bought by
Ring Cecil
Purchase Details
Closed on
Jun 2, 1992
Sold by
Blanchard Nicky Ronald
Bought by
Jones William David Betty B
Purchase Details
Closed on
Jul 1, 1991
Sold by
Hatcher Wade Hampton
Bought by
Blanchard Nicky Ronald
Purchase Details
Closed on
Apr 28, 1989
Sold by
Brewington D E
Bought by
Blanchard Nicky R
Purchase Details
Closed on
Dec 1, 1986
Sold by
Ring Cecil
Bought by
Brewington D E
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $500,000 | None Listed On Document | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $660,000 | -- | |
| Warranty Deed | $395,000 | None Available | |
| Warranty Deed | $375,000 | None Available | |
| Warranty Deed | $367,500 | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Deed | -- | -- | |
| Deed | $99,000 | -- | |
| Deed | -- | -- | |
| Deed | $14,000 | -- | |
| Deed | $63,800 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $520,000 | New Conventional | |
| Previous Owner | $335,750 | Commercial | |
| Previous Owner | $281,250 | New Conventional | |
| Previous Owner | $267,500 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2023 07/25/23 | Sold | $725,000 | -2.0% | $817 / Sq Ft |
| 04/21/2023 04/21/23 | Pending | -- | -- | -- |
| 04/16/2023 04/16/23 | For Sale | $740,000 | +12.1% | $834 / Sq Ft |
| 11/14/2022 11/14/22 | Sold | $660,000 | +1.5% | $290 / Sq Ft |
| 09/07/2022 09/07/22 | Pending | -- | -- | -- |
| 09/01/2022 09/01/22 | For Sale | $650,000 | +64.6% | $286 / Sq Ft |
| 05/10/2019 05/10/19 | Sold | $395,000 | -7.1% | $445 / Sq Ft |
| 03/21/2019 03/21/19 | Pending | -- | -- | -- |
| 03/13/2019 03/13/19 | For Sale | $425,000 | +13.3% | $479 / Sq Ft |
| 05/31/2018 05/31/18 | Sold | $375,000 | -10.7% | $600 / Sq Ft |
| 04/25/2018 04/25/18 | Pending | -- | -- | -- |
| 05/10/2017 05/10/17 | For Sale | $419,900 | +14.3% | $672 / Sq Ft |
| 09/05/2015 09/05/15 | Sold | $367,500 | -16.3% | $243 / Sq Ft |
| 08/18/2015 08/18/15 | Pending | -- | -- | -- |
| 07/15/2015 07/15/15 | For Sale | $439,000 | -- | $291 / Sq Ft |
Source: Hive MLS
Tax History Compared to Growth
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 | $3,188 | $426,700 | $220,000 | $206,700 |
| 2022 | $3,076 | $426,700 | $220,000 | $206,700 |
| 2021 | $0 | $426,700 | $220,000 | $206,700 |
| 2020 | $3,030 | $338,500 | $169,200 | $169,300 |
| 2019 | $3,030 | $338,500 | $169,200 | $169,300 |
| 2018 | $2,996 | $338,500 | $169,200 | $169,300 |
| 2017 | $2,894 | $338,500 | $169,200 | $169,300 |
| 2016 | $2,456 | $270,500 | $158,900 | $111,600 |
| 2015 | $2,260 | $270,500 | $158,900 | $111,600 |
| 2014 | $2,206 | $270,500 | $158,900 | $111,600 |
Source: Public Records
Agents Affiliated with this Home
-
Rainey Simmons
-
Dylan Kosinski
Buyer's Agent in 2023
Dylan Kosinski
Intracoastal Realty Corp
(910) 742-4963
4 in this area
180 Total Sales
-
Carol Ellington
Seller's Agent in 2022
Carol Ellington
Salt Water Real Estate LLC
(910) 368-7327
7 in this area
53 Total Sales
-
The Domenico Grillo Real Estate Team
T
Buyer's Agent in 2022
The Domenico Grillo Real Estate Team
Keller Williams Innovate-Wilmington
(910) 777-2200
3 in this area
661 Total Sales
-
Teresa Clontz
Seller's Agent in 2019
Teresa Clontz
Carolina Retreats Vacations LLC
(910) 612-2487
9 in this area
46 Total Sales
-
B
Seller's Agent in 2018
Brian Walsh
Wilkinson ERA Real Estate
Map
Source: Hive MLS
MLS Number: 100347377
APN: R09213-012-014-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC
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