NOT LISTED FOR SALE

16 E First St Unit 305 Ocean Isle Beach, NC 28469

Estimated Value: $778,000 - $888,637

4 Beds
2 Baths
1,358 Sq Ft
174 Sq Ft Lot

Last Sold January 31, 2023

Last sale price $785,000 $578 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,583/month

71 Days on Market

Highlights

  • Ocean Front
  • In Ground Pool
  • Vaulted Ceiling
  • Union Elementary School Rated A-
  • Deck
  • 3-minute walk to OIB Children's Playground

About This Home

As of January 2023

LOCATION. LOCATION. LOCATION. This Condo has it all. This very rare, Oceanfront 4 bedroom vacation getaway has tons of upgrades and million dollar views of the beach and fishing pier . Wake up to the most amazing sunrise views of Ocean Isle Beach and Ocean. You're just a short distance from all the island has to offer, including an oceanfront pool, relaxing days on the beach, fishing charters, fine dining, shopping and golfing. This condo has tremendous cash flow potential and with a solid rental history ($80K in just April-September of 2022). This unit offers cathedral ceilings throughout, spacious bedrooms, a large living area, remodeled kitchen with granite countertops, large outdoor patios, and a brand new elevator from the reserved, covered parking spot right into the kitchen. I've included a detailed list of all the upgrades and all the local attractions. Also added the rent history and next year's bookings. This condo is heavily booked and has tremendous cash flow potential. This one won't last long as it's ideally located on the island, and it offers a very sought after 4 bedroom floor plan. Seller's are providing 10,000 in concessions to Use As You Choose. You can use it for upgrades, closing costs or buy down the Interest Rate. Enhancements include: Certified and recently replaced HVAC system(entire system- 2 zone), New Appliances 2021/22 (dishwasher, cooktop, refrigerator, microwave, disposal), New TVs (5) 2021/22, New Elevator 2021, LVP Flooring 2021 ,Granite 2021, New Mattresses/Bedding 2021/22, New LR Furniture 2021, New Cypher Locks (all doors) 2021, New Programmable thermostats 2021, UV Film on sliding doors 2022 (30% savings on electric bill this summer!), New Plumbing. Local Attractions include OIB Town Park, Beach Center, Fishing Pier, Boat Rentals, Charters, Museum, and amazing eateries(Pelicans, Jinx Creek, Sharkys, 59 Causeway and Breakers

Last Agent to Sell the Property

Ken Fitzpatrick

Redfin Corporation License #341916 Listed on: 11/04/2022

Redfin Corporation

Last Buyer's Agent

Ken Fitzpatrick

Redfin Corporation License #341916 Listed on: 11/04/2022

Redfin Corporation

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1984

Lot Details

  • 174

Parking

  • On-Site Parking

Home Design

  • Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,358 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Tray Ceiling
  • Vaulted Ceiling
  • Combination Dining and Living Room
  • Ocean Views

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Balcony
  • Deck

Schools

  • Union Elementary School
  • Shallotte Middle School
  • West Brunswick High School

Additional Features

  • Accessible Elevator Installed
  • Ocean Front
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 257da01306

Community Details

Overview

  • Property has a Home Owners Association
  • Ocean Cove Subdivision
  • Maintained Community

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: A
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: See Remarks
  • Construction Type: Stick Built
  • Handicap Accessible: Elevator
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: One and One Half
  • Year Built: 1984
  • Road Frontage Type: Ocean Front
  • Horses Y N: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, LVT/LVP, Tile
  • Heated Sq Ft: 1200 - 1399
  • Interior Amenities: 1st Floor Master, Ceiling - Trey, Ceiling - Vaulted, Kitchen Island
  • List Price per Sq Ft: 596.47
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 4
  • Number Rooms: 5
  • Sq Ft Heated: 1358.00
  • Total Heated Primary Separate Sq Ft: 1358.00
  • Furnished: Furnished

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Vinyl Siding
  • Fencing: None
  • Foundation: See Remarks
  • On Site Pool Spa: In Ground
  • Porch Balcony Deck: Balcony, Deck
  • Road Type Frontage: Paved
  • Roof: Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: On Site

Utilities

  • Appliances Equipment: Cooktop - Electric, Dishwasher, Disposal, Refrigerator, Wall Oven
  • Cooling System: Heat Pump
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Other
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Community Pool, Maint - Comm Areas

Condo/Co-op/Association

  • Unit Type: 4+ Bedroom

Lot Info

  • Lot Sq Ft: 1358.00
  • Lot Water Features: None
  • Lot View Type: Ocean View

Tax Info

  • Tax Identifier: 257da01306
  • Tax Year: 2022

MLS Schools

  • Elementary School: Union
  • High School: West Brunswick
  • Middle School: Shallotte

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Jan 23, 2023
Sold by
Potterton William H and Potterton Teresa M
Bought by
Davenport Craig and Davenport Chrissy
Seller's Agent
Ken Fitzpatrick
Redfin Corporation
Buyer's Agent
Ken Fitzpatrick
Redfin Corporation
List Price
$810,000
Sold Price
$785,000
Premium/Discount to List
-$25,000
-3.09%
Views
59
Current Estimated Value
$818,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,409
Avg. Annual Appreciation
1.58%

Purchase Details

Listed on
Sep 5, 2013
Closed on
Mar 6, 2014
Sold by
Tumbarello Michael R and Tumbarello Robyn L
Bought by
Potterton William H and Potterton Teresa M
Seller's Agent
Frances Warner
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Edwina St. Pierre
Intracoastal Realty
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.44%
Original Mortgage
$260,000
Interest Rate
4.3%
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
Davenport Craig $785,000 --
Potterton William H $325,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Potterton William H $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2023 01/31/23 Sold $785,000 -3.1% $578 / Sq Ft
01/14/2023 01/14/23 Pending -- -- --
11/04/2022 11/04/22 For Sale $810,000 +149.2% $596 / Sq Ft
03/17/2014 03/17/14 Sold $325,000 -7.1% $232 / Sq Ft View Prior Sale
03/14/2014 03/14/14 Pending -- -- --
09/05/2013 09/05/13 For Sale $350,000 -- $250 / 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
2025 -- $736,270 $0 $736,270
2024 $2,718 $736,270 $0 $736,270
2023 $2,551 $736,270 $0 $736,270
2022 $2,551 $477,990 $0 $477,990
2021 $2,551 $477,990 $0 $477,990
2020 $0 $477,990 $0 $477,990
2019 $2,603 $0 $0 $0
2018 $1,785 $0 $0 $0
2017 $1,749 $0 $0 $0
2016 $1,716 $0 $0 $0
2015 $1,716 $317,360 $0 $317,360
2014 $1,542 $310,460 $0 $310,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100357411

Hive MLS

APN: 257DA01306