S
Seller's Agent in 2023
Stephanie Reeves
Coldwell Banker Sloane
1540 Randall St SW Unit A & B Ocean Isle Beach, NC 28469
Estimated Value: $502,000 - $701,000
4
Beds
8
Baths
2,296
Sq Ft
$264/Sq Ft
Est. Value
Highlights
- Main Floor Primary Bedroom
- Furnished
- Fenced Yard
- Union Elementary School Rated A-
- No HOA
- Cul-De-Sac
About This Home
As of August 2023***INVESTORS TAKE NOTE*** Very rare opportunity to own a newly constructed DUPLEX located 3 min (1.2 miles) from the sandy shores of Ocean Isle Beach. There is No HOA, and short term rentals are permitted.Great location for Airbnb. This property is out of the flood zone and not located in city limits (no city taxes). This DUPLEX (built in 2021) offers TWO (2) units (A & B) each consisting of 1,148 htd sq ft with 2BR & 1 flex/office & 3.5 Baths. Each BR has an ensuite bath, and a half bath in the hallway for guest. FULLY FURNISHED with tasteful coastal decor and equipped with stainless steel appliances, washer/dryer and a cozy fenced in outdoor space with an outdoor shower. Keyless Entry. Within walking distance to PUBLIX, restaurants, shopping, UPS, Nail and Hair Salons, Island Seafood Co, Ice Cream and the OIB Airport. This location is charming and centrally located. local attractions include: golf, boating, kayaking, Bird Island Coastal Reserve, bird watching, summer concerts, NC Oyster Festival, Swamp Park (Zipline Tours, Aerial Adventure Park, Guided ATV tours, Swamp Boat Eco-tours), fishing, beach, putt-putt, go-carts, surfing, etc. Ocean Isle Beach is a fun and family friendly place to live or visit. Being close to so many attractions, this property is very desirable to any buyer with dreams of ownership in lovely OIB. Currently both units, A & B, have long-term rentals (leased thru Oct. 2023 and Dec. 2023.) Would be a perfect Airbnb or VRBO. No cost for water either, this duplex has its own well that was dug in 2021. Great opportunity for rental income, to use for family vacations, or rent one side and live or vacation in the other. 1546 Randall Street is also available for purchase. They both have the same floor plan and constructed in 2021. Gross Rental Income is $44,472 per year.
Last Agent to Sell the Property
Stephanie Reeves
Coldwell Banker Sloane Listed on: 12/22/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,388
Year Built
- Built in 2021
Lot Details
- 8,015 Sq Ft Lot
- Lot Dimensions are 80x100
- Cul-De-Sac
- Fenced Yard
- Wood Fence
- Property is zoned R2M
Home Design
- Slab Foundation
- Wood Frame Construction
- Architectural Shingle Roof
- Stick Built Home
Interior Spaces
- 2,296 Sq Ft Home
- 2-Story Property
- Furnished
- Ceiling Fan
- Blinds
- Combination Dining and Living Room
- Luxury Vinyl Plank Tile Flooring
- Partial Basement
- Storm Windows
Kitchen
- Stove
- Built-In Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
Laundry
- Laundry in Hall
- Dryer
- Washer
Parking
- 4 Parking Spaces
- Gravel Driveway
Accessible Home Design
- Accessible Entrance
Outdoor Features
- Outdoor Shower
- Enclosed patio or porch
Utilities
- Central Air
- Heat Pump System
- Well
- Electric Water Heater
- Water Softener
- On Site Septic
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 26
- Assessor Parcel Number 243ec01401
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 9, 2020
Sold by
Belk Kevin B and Belk Julie S
Bought by
Belk Investments Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$359,980
Interest Rate
2.8%
Mortgage Type
Construction
Estimated Equity
$223,033
Purchase Details
Closed on
Feb 13, 2020
Sold by
Brady George and Brady Pamela C
Bought by
Belk Kevin D and Belk Anthony R
Purchase Details
Closed on
Oct 1, 2003
Bought by
Summertime Properties Llc
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 |
|---|---|---|---|
| Belk Investments Llc | -- | None Available | |
| Belk Kevin D | $72,000 | None Available | |
| Summertime Properties Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Belk Investments Llc | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2023 08/04/23 | Sold | $562,500 | 0.0% | $490 / Sq Ft |
| 08/04/2023 08/04/23 | Sold | $562,500 | -10.0% | $245 / Sq Ft |
| 05/14/2023 05/14/23 | Pending | -- | -- | -- |
| 04/25/2023 04/25/23 | Price Changed | $625,000 | 0.0% | $272 / Sq Ft |
| 12/21/2022 12/21/22 | For Sale | $625,000 | -3.7% | $544 / Sq Ft |
| 12/21/2022 12/21/22 | For Sale | $649,000 | -- | $283 / 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 | $1,726 | $387,700 | $40,000 | $347,700 |
| 2023 | $1,388 | $387,700 | $40,000 | $347,700 |
| 2022 | $1,388 | $203,690 | $25,000 | $178,690 |
| 2021 | $141 | $25,000 | $25,000 | $0 |
| 2020 | $139 | $25,000 | $25,000 | $0 |
| 2019 | $138 | $25,000 | $25,000 | $0 |
| 2018 | $162 | $30,000 | $30,000 | $0 |
| 2017 | $158 | $30,000 | $30,000 | $0 |
| 2016 | $156 | $30,000 | $30,000 | $0 |
| 2015 | $156 | $30,000 | $30,000 | $0 |
| 2014 | $209 | $45,000 | $45,000 | $0 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Hive MLS
MLS Number: 100362459
APN: 243EC01401
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