Seller's Agent in 2024
Michael Otelsberg
Berkshire Hathaway HomeServices Carolina Premier Properties
(910) 431-6125
11 in this area
65 Total Sales
1509 Bowfin Ln Carolina Beach, NC 28428
Estimated Value: $565,538 - $745,000
3
Beds
2
Baths
1,050
Sq Ft
$611/Sq Ft
Est. Value
Highlights
- Water Access
- Deck
- No HOA
- Carolina Beach Elementary School Rated A-
- Solid Surface Countertops
- Formal Dining Room
About This Home
As of April 2024Kick back & relax in this calm, stylish beach escape only about 1 block from the ocean and not in the flood zone (No Flood Insurance Required). This beach bungalow has only 5 steps to enter. This beach bungalow was completely gutted & remodeled in 2021 inside & out and feels like home. The entire layout was re-imagined with new baths, kitchen, appliances, deck and much more. It has been used as a second home and Airbnb rental over the last few years. The lot alone is valued at about $550,000 & property is zoned for single family or duplex style townhomes. You could secure this well-located lot, use the current bungalow and then build two townhomes or a larger single family home in the future if desired (Location, location, location). The home features a generous deck, custom outside shower (Custom Painted Octopus) & your own backyard with two Sheds. This location has an awesome neighborhood feel. It's a great place to enjoy ocean breezes or people watch from the front porch, walk your dog, bike or cruise around in your golf cart. It's close to restaurants, shops and of course... the beach access. The only thing missing from this property is you and your family.... Purchase this home and start your beach adventure. It just feels better at the beach.*** check photos and take your own virtual showing or watch the video tour*** *** The seller is a licensed Real Estate Broker in NC***
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Carolina Premier Properties License #180050 Listed on: 03/01/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,990
Year Built
- Built in 1940
Lot Details
- 5,009 Sq Ft Lot
- Lot Dimensions are 50 x 100
- Property is zoned MX
Home Design
- Block Foundation
- Wood Frame Construction
- Architectural Shingle Roof
- Vinyl Siding
- Stick Built Home
Interior Spaces
- 1,050 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Thermal Windows
- Double Pane Windows
- Blinds
- Entrance Foyer
- Living Room
- Formal Dining Room
- Luxury Vinyl Plank Tile Flooring
- Fire and Smoke Detector
Kitchen
- Stove
- Range
- Built-In Microwave
- Dishwasher
- Solid Surface Countertops
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
- Walk-in Shower
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Outdoor Shower
- Water Access
- Deck
- Shed
- Porch
Schools
- Carolina Beach Elementary School
- Murray Middle School
- Ashley High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
- Municipal Trash
Community Details
- No Home Owners Association
- Wilmington Beach Subdivision
Listing and Financial Details
- Tax Lot 16
- Assessor Parcel Number R09018-010-004-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 1, 2024
Closed on
Mar 25, 2024
Sold by
Otelsberg Michael A and Otelsberg Tracey S
Bought by
Amundson Shannon Louise
Seller's Agent
Michael Otelsberg
Berkshire Hathaway HomeServices Carolina Premier Properties
Buyer's Agent
Nathan Pelsh
Bryant Real Estate
List Price
$725,000
Sold Price
$725,000
Views
75
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$83,865
Avg. Annual Appreciation
-8.08%
Original Mortgage
$580,000
Outstanding Balance
$571,367
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$69,768
Purchase Details
Closed on
Sep 13, 2019
Sold by
Pierce Dexter L and Pierce Rebecca
Bought by
Otelsberg Michael A and Otelsberg Tracey S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 1, 1973
Bought by
Pierce Ella Mae
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Amundson Shannon Louise | $725,000 | None Listed On Document | |
| Amundson Shannon Louise | $725,000 | None Listed On Document | |
| Otelsberg Michael A | $210,000 | None Available | |
| Pierce Ella Mae | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Amundson Shannon Louise | $580,000 | |
| Closed | Amundson Shannon Louise | $580,000 | |
| Previous Owner | Otelsberg Michael A | $168,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/05/2024 04/05/24 | Sold | $725,000 | 0.0% | $690 / Sq Ft |
| 03/04/2024 03/04/24 | Pending | -- | -- | -- |
| 03/01/2024 03/01/24 | For Sale | $725,000 | -- | $690 / 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 |
|---|---|---|---|---|
| 2024 | $2,050 | $299,200 | $260,000 | $39,200 |
| 2023 | $2,050 | $299,200 | $260,000 | $39,200 |
| 2022 | $2,005 | $299,200 | $260,000 | $39,200 |
| 2021 | $2,064 | $299,200 | $260,000 | $39,200 |
| 2020 | $1,700 | $212,500 | $152,000 | $60,500 |
| 2019 | $1,700 | $212,500 | $152,000 | $60,500 |
| 2018 | $0 | $212,500 | $152,000 | $60,500 |
| 2017 | $1,689 | $212,500 | $152,000 | $60,500 |
| 2016 | $1,697 | $197,800 | $127,200 | $70,600 |
| 2015 | $1,600 | $197,800 | $127,200 | $70,600 |
| 2014 | $1,561 | $197,800 | $127,200 | $70,600 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Otelsberg
-
Nathan Pelsh
Buyer's Agent in 2024
Nathan Pelsh
Bryant Real Estate
(910) 256-3764
19 in this area
72 Total Sales
Map
Source: Hive MLS
MLS Number: 100430414
APN: R09018-010-004-000
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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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