NOT LISTED FOR SALE

1612 Searay Ln Unit 2 Carolina Beach, NC 28428

Estimated Value: $526,000 - $585,000

3 Beds
3 Baths
1,214 Sq Ft
4,792 Sq Ft Lot

Last Sold April 19, 2024

Last sale price $550,000 $453 Per Sq Ft

Current estimated payment $3,067/month

100 Days on Market

Highlights

  • Above Ground Pool
  • Deck
  • Covered Patio or Porch
  • Carolina Beach Elementary School Rated A-
  • No HOA
  • Fenced Yard

About This Home

As of April 2024

This fabulous 3-bedroom, 3-bath townhome-style condominium features a terrific location: in a quieter residential area, within walking distance to the beach, out of the flood zone, and convenient to both downtown Carolina Beach and downtown Kure Beach shops and restaurants. This beach property offers wonderful outdoor spaces, including a fenced-in backyard with private above-ground salt-water pool, deck and picnic area; and an adjacent covered dining and entertaining area. There is also a spacious storage closet for all your beach toys! Inside you will find plenty of space for family and friends to enjoy. The main living area is comprised of a great room with access to a covered porch, and a fully equipped kitchen with breakfast bar, granite countertops, and stainless appliances. Also on this level is a full bath, large guest room with walk-in closet, and a laundry closet with stack washer and dryer. The master suite on the top level features a private deck, large walk-in closet, and en-suite bath. A second guest bedroom and another full bath complete the 2nd level. Due to its location (close to the beach, the Carolina Beach Lake, the Tiki Bar, and the Island Greenway Bike Path) and its amenities, this property would make a fabulous investment-rental, but would also be a perfect primary home or beach retreat!

Last Agent to Sell the Property

Alicia Devereaux

Nest Realty License #216769 Listed on: 12/16/2023

Nest Realty

Last Buyer's Agent

A Non Member

A Non Member

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,867

Year Built

  • Built in 2008

Lot Details

  • Fenced Yard
  • Wood Fence
  • Decorative Fence

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 1,214 Sq Ft Home
  • 3-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Driveway

Outdoor Features

  • Above Ground Pool
  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Heat Pump System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R09017-022-024-002

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,867

Year Built

Built in 2008

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: 2008
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Heated Sq Ft: 1200 - 1399
  • Interior Amenities: 9Ft+ Ceilings, Blinds/Shades, Ceiling Fan(s), Walk-in Shower, Walk-In Closet
  • Laundry Location: Closet, Hall
  • List Price per Sq Ft: 461.29
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedrooms: 3
  • Number Rooms: 5
  • Bedroom 1 Level: Main
  • Bedroom 2 Level: Upper
  • Kitchen Level: Main
  • Living Room Level: Main
  • Primary Bedroom Level: Upper
  • Sq Ft Heated: 1214.00
  • Total Heated Primary Separate Sq Ft: 1214.00

Exterior Features

  • Exterior Finish: Vinyl Siding
  • Fencing: Back Yard, Metal/Ornamental, Wood
  • Foundation: Pilings
  • On Site Pool Spa: Above Ground, See Remarks
  • Porch Balcony Deck: Covered, Deck, Porch
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No

Garage/Parking

  • Garage And Parking Driveway Spaces: 2.00
  • Parking Driveway: Concrete, On Site

Utilities

  • Appliances Equipment: Dishwasher, Dryer, Microwave - Built-In, Refrigerator, Stove/Oven - Electric, Washer
  • Cooling System: Heat Pump
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Page: 80.00
  • Lot Acres: 0.11
  • Lot Dimensions: Condo
  • Lot Sq Ft: 5000.00
  • Plat Book: 18
  • Plat Page: 314
  • Zoning: MH

Tax Info

  • Tax Identifier: R09017-022-024-002
  • 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 16, 2023
Closed on
Apr 18, 2024
Sold by
Palma Louise A
Bought by
Heaps Eric Matthew and Heaps Caroline R
Seller's Agent
Alicia Devereaux
Nest Realty
Buyer's Agent
A Non Member
A Non Member
List Price
$575,000
Sold Price
$550,000
Premium/Discount to List
-$25,000
-4.35%
Views
421
Current Estimated Value
$549,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$891
Avg. Annual Appreciation
-0.59%
Original Mortgage
$360,000
Outstanding Balance
$356,579
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$188,784

Purchase Details

Listed on
Oct 27, 2021
Closed on
Nov 24, 2021
Sold by
Bottoms Linda Y
Bought by
Palma Louise A
Seller's Agent
Arlene Bethell
Keller Williams Innovate-Wilmington
Buyer's Agent
Cori McQueen
Coldwell Banker Sea Coast Advantage-CB
List Price
$435,000
Sold Price
$435,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.40%
Original Mortgage
$348,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2021
Sold by
Ostrenko Linda and Bottoms Linda Y
Bought by
Bottoms Linda Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,100
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2018
Sold by
Ostrenko Michael and Ostrenko Linda
Bought by
Ostrenko Linda

Purchase Details

Closed on
Jun 5, 2017
Sold by
Searay Lane Llc
Bought by
Ostrenko Linda Y and Ostrenko Michael
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Heaps Eric Matthew $550,000 None Listed On Document
Palma Louise A $435,000 None Available
Bottoms Linda Y -- None Available
Ostrenko Linda -- None Available
Ostrenko Linda Y -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heaps Eric Matthew $360,000
Previous Owner Palma Louise A $348,000
Previous Owner Bottoms Linda Y $231,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2024 04/19/24 Sold $550,000 -1.8% $453 / Sq Ft
03/25/2024 03/25/24 Pending -- -- --
03/19/2024 03/19/24 Price Changed $560,000 -2.6% $461 / Sq Ft
12/16/2023 12/16/23 For Sale $575,000 +32.2% $474 / Sq Ft
12/07/2021 12/07/21 Sold $435,000 0.0% $363 / Sq Ft
10/31/2021 10/31/21 Pending -- -- --
10/27/2021 10/27/21 For Sale $435,000 -- $363 / 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 $1,867 $272,500 $0 $272,500
2022 $1,826 $272,500 $0 $272,500
2021 $1,880 $272,500 $0 $272,500
2020 $1,399 $174,900 $0 $174,900
2019 $1,399 $174,900 $0 $174,900
2018 $1,364 $174,900 $0 $174,900
2017 $1,390 $174,900 $0 $174,900
2016 $1,147 $133,700 $0 $133,700
Source: Public Records

Agents Affiliated with this Home

  • Alicia Devereaux

    Seller's Agent in 2024

    Alicia Devereaux

    Nest Realty

    (910) 550-2788

    19 in this area

    34 Total Sales

    Alicia Devereaux
    Section Image

  • A

    Buyer's Agent in 2024

    A Non Member

    A Non Member

  • A

    Seller's Agent in 2021

    Arlene Bethell

    Keller Williams Innovate-Wilmington

  • Cori McQueen

    Buyer's Agent in 2021

    Cori McQueen

    Coldwell Banker Sea Coast Advantage-CB

    (910) 231-3286

    29 in this area

    54 Total Sales

    Cori McQueen
    Section Image
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Map

Source: Hive MLS

MLS Number: 100418868

Hive MLS

APN: R09017-022-024-002

North Carolina New Hanover County Carolina Beach 28428

1612 Searay Ln Unit 2, Carolina Beach, NC

This home is located at 1612 Searay Ln Unit 2, Carolina Beach, NC 28428 since 16 December 2023 and is currently estimated at $549,109, approximately $452 per square foot. This property was built in 2008. 1612 Searay Ln Unit 2 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hive MLS 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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