NOT LISTED FOR SALE

1508 S Lake Park Blvd Unit 1 Carolina Beach, NC 28428

Estimated Value: $843,000 - $1,118,777

6 Beds
4 Baths
2,301 Sq Ft
2,614 Sq Ft Lot

Last Sold March 28, 2024

Last sale price $1,099,000 $478 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $5,775/month

92 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Solid Surface Countertops
  • Carolina Beach Elementary School Rated A-
  • Furnished
  • Covered patio or porch

About This Home

As of March 2024

Welcome to the beautiful ''Aloha House''. Investors take note! This is a high income producing, turn-key, fully furnished, 6 bedroom, 4 bath home, just across the street from the beach, with ocean views. The current owner of this investment property has streamlined the rental system, bringing in around $120K gross each year for the past two years, with amazing reviews from their guests. Owner financing available, and up to $2K in closing costs available using preferred lender. Recent updates include two new HVAC units, new furniture, and solar panels to keep your power bills super low. If you are a beach lover looking for a vacation home, there is so much to love about this beachy beauty. Two bedrooms on the bottom floor share an adjoining bathroom, sleeping 6 people on the first floor alone, with two sets of bunk beds in the back room, and a queen in the other. Just up the stairs, you'll enter a large open living space where the kitchen offers plenty of room for prep and socialization around the long granite peninsula. The dining area is perfect for your summer puzzles, low country boils, and off season holiday gatherings, including a small coffee bar for guests. The living room is cozy and looks out onto a spacious deck with views of the beautiful blue waves. With a high top table, chairs, and wedding lights you can spend your evenings in the cool summer breeze under the stars with family and friends. An additional bedroom and bathroom on this floor offers up space for 2 more people. Up the stairs from the living room you'll find 3 additional bedrooms and 2 more baths, including the primary that has its own balcony overlooking the ocean. Outfitted with TVs in every room, fully furnished including tasteful beach decorations to set the tone for a chill summer getaway or off season escape, you can step right into business or pleasure with ease. Just hit the outdoor shower to get the sand off first!

Last Agent to Sell the Property

Allison Donovan

Nest Realty License #283146 Listed on: 12/05/2023

Nest Realty

Last Buyer's Agent

A Non Member

A Non Member

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2005

Lot Details

  • 2,614

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Stick Built Home

Interior Spaces

  • 2,301 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Combination Dining and Living Room
  • Ocean Views
  • Solid Surface Countertops

Flooring

  • Wood
  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms
  • Walk-in Shower

Home Security

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Covered patio or porch

Schools

  • Carolina Beach Elementary School
  • Murray Middle School
  • Ashley High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number R09018-010-014-001

Community Details

Overview

  • Property has a Home Owners Association
  • 1508 S. Lake Park Condominiums Association
  • Wilmington Beach Subdivision

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 3.0
  • Stories Levels: 3 Story or More
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: LVT/LVP, Tile, Wood
  • Heated Sq Ft: 2200 - 2399
  • Interior Amenities: Blinds/Shades, Ceiling Fan(s), Foyer, Furnished, Smoke Detectors, Solid Surface, Walk-in Shower, Walk-In Closet
  • List Price per Sq Ft: 477.62
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Bedrooms: 6
  • Number Rooms: 9
  • Sq Ft Heated: 2301.00
  • Total Heated Primary Separate Sq Ft: 2301.00

Exterior Features

  • Exterior Finish: Fiber Cement
  • Fencing: None
  • Foundation: Slab
  • Porch Balcony Deck: Balcony, Covered, Porch
  • Road Type Frontage: Maintained, Public (City/Cty/St)
  • Roof: Metal
  • Waterfront: No
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Off Street, Paved

Utilities

  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: No Amenities
  • HOAAssociationName: 1508 S. Lake Park Condominiums
  • HOAAssociationPhone: Self

Lot Info

  • Deed Page: 525.00
  • Lot Acres: 0.06
  • Lot Dimensions: Condo
  • Lot Sq Ft: 2417.00
  • Lot Water Features: Second Row
  • Plat Book: 15
  • Plat Page: 281
  • Zoning: MX
  • Lot View Type: Ocean View, Water View

Tax Info

  • Tax Identifier: R09018-010-014-001
  • Tax Year: 2023

MLS Schools

  • Elementary School: Carolina Beach
  • High School: Ashley
  • Middle School: Murray

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2023
Closed on
Mar 28, 2024
Sold by
Dubois Benjamin Maitland
Bought by
Exclusive Coastal Investments Llc
Seller's Agent
Allison Donovan
Nest Realty
Buyer's Agent
A Non Member
A Non Member
List Price
$1,099,000
Sold Price
$1,099,000
Views
47
Current Estimated Value
$994,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$104,806
Avg. Annual Appreciation
-7.14%
Original Mortgage
$699,000
Interest Rate
6.77%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Aug 3, 2021
Closed on
Oct 11, 2021
Sold by
Decerqueira Jose D and Decerqueira Amanda D
Bought by
Dubois Benjamin Maitland
Seller's Agent
Brian Baucom
Anchored Real Estate, LLC
Buyer's Agent
Allison Donovan
Nest Realty
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.22%
Original Mortgage
$395,000
Interest Rate
2.8%
Mortgage Type
New Conventional
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
Exclusive Coastal Investments Llc $1,099,000 None Listed On Document
Dubois Benjamin Maitland $700,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Exclusive Coastal Investments $834,000
Closed Exclusive Coastal Investments Llc $699,000
Previous Owner Dubois Benjamin Maitland $395,000
Previous Owner Cerqueira Jose D De $396,500
Previous Owner Decerqueira Jose D $417,000
Previous Owner Decerqueira Jose D $416,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2024 03/28/24 Sold $1,099,000 0.0% $478 / Sq Ft
03/06/2024 03/06/24 Pending -- -- --
12/05/2023 12/05/23 For Sale $1,099,000 +57.0% $478 / Sq Ft
10/14/2021 10/14/21 Sold $700,000 -3.4% $304 / Sq Ft
09/02/2021 09/02/21 Pending -- -- --
08/25/2021 08/25/21 Price Changed $725,000 -3.3% $315 / Sq Ft
08/03/2021 08/03/21 For Sale $750,000 -- $326 / 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
2024 -- $511,600 $0 $511,600
2023 $3,402 $511,600 $0 $511,600
2022 $3,428 $511,600 $0 $511,600
2021 $3,530 $511,600 $0 $511,600
2020 $2,966 $370,800 $0 $370,800
2019 $2,966 $370,800 $0 $370,800
2018 $2,892 $370,800 $0 $370,800
2017 $2,948 $370,800 $0 $370,800
2016 $2,417 $281,700 $0 $281,700
2015 $2,279 $281,700 $0 $281,700
2014 $2,223 $281,700 $0 $281,700
Source: Public Records

Agents Affiliated with this Home

  • Allison Donovan

    Seller's Agent in 2024

    Allison Donovan

    Nest Realty

    (910) 200-3028

    6 in this area

    65 Total Sales

    Section Image

  • A

    Buyer's Agent in 2024

    A Non Member

    A Non Member

  • Brian Baucom

    Seller's Agent in 2021

    Brian Baucom

    Anchored Real Estate, LLC

    (910) 707-3233

    16 in this area

    106 Total Sales

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Map

Source: Hive MLS

MLS Number: 100417388

Hive MLS

APN: R09018-010-014-001

North Carolina New Hanover County Carolina Beach 28428

1508 S Lake Park Blvd Unit 1, Carolina Beach, NC

This home is located at 1508 S Lake Park Blvd Unit 1, Carolina Beach, NC 28428 since 05 December 2023 and is currently estimated at $994,194, approximately $432 per square foot. This property was built in 2005. 1508 S Lake Park Blvd Unit 1 is a home located in New Hanover County with nearby schools including Carolina Beach Elementary School, Charles P. Murray Middle School, and Eugene Ashley High School.

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