NOT LISTED FOR SALE

1516 Bowfin Ln Unit 2 Carolina Beach, NC 28428

Estimated Value: $892,000 - $1,015,714

4 Beds
4.5 Baths
2,765 Sq Ft
2005 Built

Last Sold August 14, 2024

Last sale price $850,000 $307 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,159/month

93 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Bonus Room
  • Carolina Beach Elementary School Rated A-
  • Whirlpool Bathtub
  • Covered Patio or Porch

About This Home

As of August 2024

SELLER OFFERING $10,000 TOWARDS CLOSING COSTS! Coastal elegance, solid construction, one block proximity and views of the ocean this luxury home has it all. This charming custom home would make an excellent rental or a sought after second home! Private elevator with service to all four floors! Not your run of the mill builder's grade unit, this home has tall ceilings, gleaming hardwood floors, moldings/crown molding, two covered porches, roof top deck, private back yard and garage. The open plan, main living area, spans the entire third floor and opens to a private covered porch. Highlights include; a gas-log fireplace, spacious dining room, powder room, a large cook's kitchen with a Thermador 6 burner gas range and custom cabinetry. The second floor has a large ensuite master with a custom built-in wardrobe/entertainment center, large walk-in closet and access to an additional covered porch. There is a second bedroom with an ensuite bathroom on this level. Spend precious time with family and friends in the penthouse entertainment area with wet bar and under-counter refrigerator opening to a spectacular rooftop deck. Your guests will love the privacy of the fourth floor guest bedroom and full bath. The ground floor has a bedroom with ensuite bath and a walk-in laundry room. This home would be a rental machine with annual earning potential in the neighborhood of $58,000. Most furniture is negotiable. Book your private showing today to view this very special home!

Last Agent to Sell the Property

Tricia Keane

Nest Realty License #151537 Listed on: 04/26/2024

Nest Realty

Last Buyer's Agent

Jethwa Real Esta Team

Nest Realty

Nest Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,120

Year Built

  • Built in 2005

Lot Details

  • Fenced Yard
  • Wood Fence
  • Irrigation

Home Design

  • Wood Frame Construction
  • Architectural Shingle Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 2,765 Sq Ft Home
  • 4-Story Property
  • Wet Bar
  • Central Vacuum
  • Bar Fridge
  • Tray Ceiling
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Log Fireplace
  • Thermal Windows
  • Blinds
  • Entrance Foyer
  • Combination Dining and Living Room
  • Bonus Room
  • Ocean Views
  • Attic Access Panel

Kitchen

  • Gas Oven
  • Range Hood
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 1 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Utilities

  • Zoned Heating and Cooling System
  • Heat Pump System
  • Propane
  • Electric Water Heater
  • Fuel Tank
  • Municipal Trash

Additional Features

  • Accessible Elevator Installed
  • Covered Patio or Porch

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number R09018-009-014-002

Community Details

Overview

  • Property has a Home Owners Association
  • 1516 Bowfin Association

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Recreation

  • Outdoor Shower

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,120

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
  • Handicap Accessible: Elevator
  • New Construction: No
  • Stories: 4.0
  • Stories Levels: 3 Story or More
  • Year Built: 2005
  • Trash Collection: City Pick-UP
  • Horses Y N: No
  • PetsAllowedPetsAllowed: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Attic: Access Only
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: 1
  • Flooring: Carpet, Tile, Wood
  • Heated Sq Ft: 2600 - 2799
  • Interior Amenities: 9Ft+ Ceilings, Blinds/Shades, Ceiling - Trey, Ceiling Fan(s), Elevator, Foyer, Gas Logs, Kitchen Island, Pantry, Smoke Detectors, Walk-In Closet, Wet Bar, Whirlpool
  • Laundry Location: Room
  • List Price per Sq Ft: 361.30
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Bedrooms: 4
  • Number Rooms: 8
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: First
  • Bedroom 3 Level: Fourth
  • Bonus Room Level: Fourth
  • Dining Room Level: Third
  • Kitchen Level: Third
  • Living Room Level: Third
  • Primary Bedroom Level: Second
  • Sq Ft Heated: 2765.00
  • Total Heated Primary Separate Sq Ft: 2765.00

Exterior Features

  • Exterior Features: Gas Logs, Irrigation System, Outdoor Shower, Thermal Windows
  • Exterior Finish: Fiber Cement
  • Fencing: Back Yard, Wood
  • Foundation: Pilings
  • On Site Pool Spa: None
  • Porch Balcony Deck: Covered, Porch
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Architectural Shingle
  • Waterfront: No
  • Waterview: Yes

Garage/Parking

  • Attached Garage Spaces: 1.00
  • Garage And Parking Driveway Spaces: 4.00
  • Total Garage Spaces: 1.00
  • Parking Driveway: Concrete, Garage Door Opener, Garage Faces Front, On Site, Paved

Utilities

  • Appliances Equipment: Bar Refrigerator, Central Vac, Dishwasher, Disposal, Dryer, Refrigerator, Stove/Oven - Gas, Vent Hood, Washer
  • Cooling System: Central, Heat Pump
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Owned
  • Heating System: Heat Pump, Zoned
  • Service Providers Electric Provider: Duke Progress Energy
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: No Amenities
  • HOAAssociationName: 1516 Bowfin Association

Lot Info

  • Deed Page: 815.00
  • Lot Dimensions: Condo
  • Lot Number: 4
  • Lot Water Features: None
  • Plat Book: 16
  • Plat Page: 320
  • Zoning: MH
  • Lot View Type: Ocean View

Green Features

  • Green Bldg Certify: None
  • Green Bldg Features: None

Tax Info

  • Tax Identifier: R09018-009-014-002
  • Tax Year: 2023
  • Total Real Estate Property Taxes: 4119.68

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2024
Closed on
Aug 5, 2024
Sold by
Coughlin James P and Hutton Elizabeth A
Bought by
Bentleys Vacation Properties Llc
Seller's Agent
Tricia Keane
Nest Realty
Buyer's Agent
Jethwa Real Esta Team
Nest Realty
List Price
$999,000
Sold Price
$850,000
Premium/Discount to List
-$149,000
-14.91%
Views
104
Current Estimated Value
$974,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,179
Avg. Annual Appreciation
12.71%

Purchase Details

Listed on
Aug 12, 2015
Closed on
May 2, 2016
Sold by
Mcnamara Michael and Mcnamara Melanie
Bought by
Coughlin James P and Hutton Elizabeth A
Seller's Agent
Alicia Devereaux
Intracoastal Realty Corp
Buyer's Agent
Ian Rosenbaum
Wit Realty LLC
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.11%
Original Mortgage
$416,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2009
Sold by
Paradise Island Vi Llc
Bought by
Mcnamara Michael and Mcnamara Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,750
Interest Rate
5.22%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Bentleys Vacation Properties Llc $850,000 None Listed On Document
Coughlin James P $520,000 None Available
Mcnamara Michael $485,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coughlin James P $416,000
Previous Owner Mcnamara Michael $363,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/14/2024 08/14/24 Sold $850,000 -14.9% $307 / Sq Ft
07/28/2024 07/28/24 Pending -- -- --
04/26/2024 04/26/24 For Sale $999,000 +92.1% $361 / Sq Ft
05/06/2016 05/06/16 Sold $520,000 -1.0% $179 / Sq Ft View Prior Sale
04/06/2016 04/06/16 Pending -- -- --
08/12/2015 08/12/15 For Sale $525,000 -- $181 / 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
2023 -- $619,500 $0 $619,500
2022 $4,151 $619,500 $0 $619,500
2021 $4,275 $619,500 $0 $619,500
2020 $4,168 $521,000 $0 $521,000
2019 $4,168 $521,000 $0 $521,000
2018 $0 $521,000 $0 $521,000
2017 $4,612 $521,000 $0 $521,000
2016 $3,819 $445,100 $0 $445,100
2015 $3,601 $445,100 $0 $445,100
2014 $3,512 $445,100 $0 $445,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100441096

Hive MLS

APN: R09018-009-014-002