$550,000
SOLD APR 19, 2024

1612 Searay Ln Unit 2 Carolina Beach, NC 28428

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

Recently Sold

$453 Per Sq Ft

4% Below List Price

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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $550,000 None Listed On Document
Warranty Deed $435,000 None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $360,000 New Conventional
Previous Owner $348,000 New Conventional
Previous Owner $231,100 New Conventional
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

  • Section Image
  • Section Image
See All Agents

Map

Source: Hive MLS

MLS Number: 100418868

Hive MLS

APN: R09017-022-024-002