Seller's Agent in 2022
Jeff Hovis
Intracoastal Realty Corp
(910) 256-4503
4 in this area
265 Total Sales
1621 S Lake Park Blvd Carolina Beach, NC 28428
Estimated Value: $5,611,769
--
Bed
--
Bath
11,668
Sq Ft
$481/Sq Ft
Est. Value
Highlights
- 0.54 Acre Lot
- No HOA
- Carpet
- Carolina Beach Elementary School Rated A-
- Brick Exterior Construction
About This Home
As of June 2022Iconic Oceaneer Motel located ocean front in Carolina Beach. This Motel has 28 units that consist of a mix of hotels style rooms, efficiency and one, two and three bedroom apartments. This .56 acre parcel is zoned multi-family and has 150 feet of street and beach frontage. Parking lot and Pool area all add to the property's operation. This is a great opportunity to step into a successful business or an opportunity to redeveloped.
Last Agent to Sell the Property
Intracoastal Realty Corp License #234605 Listed on: 12/16/2021
Property Details
Property Type
- Other
Est. Annual Taxes
- $14,075
Year Built
- Built in 1972
Lot Details
- 0.54 Acre Lot
- Lot Dimensions are 150 x200
- Property is zoned MF
Home Design
- Brick Exterior Construction
- Raised Foundation
- Slab Foundation
- Wood Frame Construction
- Metal Roof
- Vinyl Siding
Interior Spaces
- 11,668 Sq Ft Home
- Attic Is Not Usable
Flooring
- Carpet
- Laminate
- Vinyl
Parking
- Lighted Parking
- Driveway
- Paved Parking
- On-Site Parking
- Off-Street Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Electric Water Heater
Community Details
- No Home Owners Association
- 28 Units
- Wilmington Beach Subdivision
Listing and Financial Details
- Assessor Parcel Number R09206-001-001-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 16, 2021
Closed on
Jun 6, 2022
Sold by
Whittington Jinks K and York Sharon
Bought by
1621 Lake Park Boulevard Llc
Seller's Agent
Jeff Hovis
Intracoastal Realty Corp
Buyer's Agent
Jeff Hovis
Intracoastal Realty Corp
List Price
$5,000,000
Sold Price
$5,000,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$611,769
Avg. Annual Appreciation
3.54%
Original Mortgage
$1,100,000
Outstanding Balance
$996,131
Interest Rate
1%
Mortgage Type
Seller Take Back
Estimated Equity
$4,615,638
Purchase Details
Closed on
May 6, 2016
Sold by
Wiiittington Sharon N
Bought by
Whittington Jinks K
Purchase Details
Closed on
Feb 20, 1996
Sold by
Kure Beach Town Of
Bought by
Whittington Jinks K
Purchase Details
Closed on
Aug 21, 1991
Sold by
Whittington Sheila W
Bought by
Whittington Jinks K
Purchase Details
Closed on
Sep 6, 1977
Sold by
Whittingtom J O Iris T
Bought by
Whittington Jinks K Shelia
Purchase Details
Closed on
Dec 14, 1970
Sold by
Wilmington Beach Investment Co
Bought by
Whittington J O Iris T
Purchase Details
Closed on
Feb 6, 1968
Sold by
Thomas Louella B
Bought by
Wilmington Beach Investment Co
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 |
|---|---|---|---|
| 1621 Lake Park Boulevard Llc | $5,000,000 | Barnes Ned M | |
| 1621 Lake Park Boulevard Llc | $5,000,000 | None Listed On Document | |
| Whittington Jinks K | -- | None Available | |
| Whittington Jinks K | -- | -- | |
| Whittington Jinks K | -- | -- | |
| Whittington Jinks K Shelia | $15,000 | -- | |
| Whittington J O Iris T | $6,500 | -- | |
| Wilmington Beach Investment Co | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 1621 Lake Park Boulevard Llc | $1,100,000 | |
| Open | 1621 Lake Park Boulevard Llc | $3,050,000 | |
| Closed | 1621 Lake Park Boulevard Llc | $3,050,000 | |
| Closed | 1621 Lake Park Boulevard Llc | $1,100,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/14/2022 06/14/22 | Sold | $5,000,000 | -4.8% | $429 / Sq Ft |
| 04/21/2022 04/21/22 | Price Changed | $5,250,000 | +5.0% | $450 / Sq Ft |
| 03/11/2022 03/11/22 | Pending | -- | -- | -- |
| 02/08/2022 02/08/22 | For Sale | $5,000,000 | 0.0% | $429 / Sq Ft |
| 01/27/2022 01/27/22 | Pending | -- | -- | -- |
| 12/16/2021 12/16/21 | For Sale | $5,000,000 | -- | $429 / 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 | $7,417 | $2,165,500 | $1,773,000 | $392,500 |
| 2023 | $7,417 | $2,655,600 | $1,773,000 | $882,600 |
| 2022 | $13,344 | $2,655,600 | $1,773,000 | $882,600 |
| 2021 | $18,324 | $2,655,600 | $1,773,000 | $882,600 |
| 2020 | $14,075 | $1,759,400 | $1,042,500 | $716,900 |
| 2019 | $14,075 | $1,759,400 | $1,042,500 | $716,900 |
| 2018 | $13,723 | $1,759,400 | $1,042,500 | $716,900 |
| 2017 | $13,987 | $1,759,400 | $1,042,500 | $716,900 |
| 2016 | $14,818 | $1,727,000 | $1,042,500 | $684,500 |
| 2015 | $13,971 | $1,727,000 | $1,042,500 | $684,500 |
| 2014 | $13,626 | $1,727,000 | $1,042,500 | $684,500 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Hovis
-
Sky Grainger
Seller Co-Listing Agent in 2022
Sky Grainger
Intracoastal Realty Corp
(910) 833-2546
1 in this area
13 Total Sales
Map
Source: Hive MLS
MLS Number: 100304803
APN: R09206-001-001-000
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