NOT LISTED FOR SALE

221 Atlantic Ave Unit B Kure Beach, NC 28449

Estimated Value: $1,037,000 - $1,972,000

4 Beds
4 Baths
2,500 Sq Ft
$575/mo HOA Fee

Last Sold October 13, 2018

Last sale price $870,000 $348 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $9,867/month

131 Days on Market

Highlights

  • Ocean Front
  • In Ground Pool
  • Wood Flooring
  • Carolina Beach Elementary School Rated A-
  • Deck
  • 3-minute walk to Kure Beach Ocean Front Park & Pavilion

About This Home

As of October 2018

Exquisite Kure Beach oceanfront three story residence built by Art Davis Construction. Gently used and in fabulous condition. Panoramic views of the ocean from two ocean front decks. 4 bedrooms, 4 baths, private elevator, fireplace, custom kitchen, stainless appliances, baths with ceramic and vessel sinks, wet bar w/wine cooler, built-in cabinets, central vac, water softener, beach-designed HVAC system, video surveillance system, casement windows, garage and much more. Two decks also overlooking the community pool. Just a few steps to the sand, ocean, Kure Beach pier, and restaurants. Ideally situated on Atlantic Ave. Home is sold handsomely furnished (see exceptions list). Come visit the best seat in the house - The Front Row at Kure Beach.

Last Listed By

Justin Donaton

Coldwell Banker Sea Coast Advantage-CB Listed on: 04/27/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,473

Year Built

  • Built in 2006

Lot Details

  • Ocean Front
  • Fenced Yard

HOA Fees

  • $575 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 2,500 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Central Vacuum
  • Furnished
  • Tray Ceiling
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Family Room
  • Combination Dining and Living Room
  • Ocean Views
  • Home Security System

Kitchen

  • Electric Cooktop
  • Stove
  • Built-In Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 4 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Off-Street Parking

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • In Ground Pool
  • Balcony
  • Deck
  • Patio

Utilities

  • Central Air
  • Heat Pump System
  • Propane
  • Fuel Tank

Listing and Financial Details

  • Tax Lot 6851
  • Assessor Parcel Number R09213-005-017-002

Community Details

Overview

  • Master Insurance
  • Maintained Community

Recreation

  • Community Pool

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,473

Year Built

Built in 2006

Lot Details

0

HOA Fees

$575 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Handicap Accessible: Elevator
  • New Construction: No
  • Stories: 3.0
  • Stories Levels: 3 Story or More
  • Year Built: 2006
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: 1
  • Flooring: Carpet, Tile, Wood
  • Heated Sq Ft: 2400 - 2599
  • Interior Amenities: 9Ft+ Ceilings, Reverse Floor Plan, Wet Bar, Walk-in Shower, Security System, Elevator, Gas Logs, Furnished, Blinds/Shades, Ceiling Fan(s), Ceiling - Trey
  • Laundry Location: Hall
  • List Price per Sq Ft: 359.60
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Bedrooms: 4
  • Number Rooms: 8
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: First
  • Dining Room Level: Third
  • Family Room Level: Third
  • Kitchen Level: Third
  • Living Room Level: Third
  • Primary Bedroom Level: Second
  • Sq Ft Heated: 2500.00
  • Total Heated Primary Separate Sq Ft: 2500.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Fiber Cement, Wood Siding
  • Fencing: Back Yard
  • Foundation: Slab
  • On Site Pool Spa: In Ground
  • Porch Balcony Deck: Balcony, Patio, Deck
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Metal
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Attached Garage Spaces: 1.00
  • Total Garage Spaces: 1.00
  • Parking Driveway: Off Street, On Site

Utilities

  • Appliances Equipment: Central Vac, Stove/Oven - Electric, Washer, Refrigerator, Microwave - Built-In, Ice Maker, Dryer, Dishwasher, Cooktop - Electric
  • Cooling System: Central
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Leased
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Community Pool, Maint - Grounds, Master Insure, Management
  • HOAAssociationFee1Year: 6900.00

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 1035.00
  • Lot Number: 6851
  • Plat Book: 17
  • Plat Page: 180
  • Zoning: RA-3
  • Lot View Type: Ocean View

Tax Info

  • Tax Identifier: R09213-005-017-002
  • Tax Year: 2017

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2018
Closed on
Oct 11, 2018
Sold by
Dishner Harold W and Dishner Nancy L
Bought by
Mckeown Robert W and Mckeown Kristi M
Seller's Agent
Justin Donaton
Coldwell Banker Sea Coast Advantage-CB
Buyer's Agent
Barbara Bass
Coldwell Banker Sea Coast Advantage-CB
List Price
$965,000
Sold Price
$870,000
Premium/Discount to List
-$95,000
-9.84%
Total Days on Market
131
Current Estimated Value
$1,548,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$678,809
Avg. Annual Appreciation
9.09%
Original Mortgage
$637,500
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 26, 2011
Sold by
Negele Raymond D and Negele Lorraine
Bought by
Dishner Harold W and Dishner Nancy L

Purchase Details

Closed on
Jan 4, 2011
Sold by
Hadiyan Reza and Banafti Maryann
Bought by
Negele Raymond D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2009
Sold by
Regions Bank
Bought by
Negele Raymond and Hadiyan Reza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
5.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 6, 2009
Sold by
Stephens H Kenneth
Bought by
Regions Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
5.25%
Mortgage Type
Seller Take Back

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
Mckeown Robert W $870,000 None Available
Dishner Harold W $630,000 None Available
Negele Raymond D $595,000 None Available
Negele Raymond $850,000 None Available
Regions Bank $2,865,300 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckeown Robert W $510,400
Closed Mckeown Robert W $637,500
Previous Owner Negele Raymond D $390,000
Previous Owner Negele Raymond $595,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2018 10/13/18 Sold $870,000 -9.8% $348 / Sq Ft
09/05/2018 09/05/18 Pending -- -- --
04/27/2018 04/27/18 For Sale $965,000 -- $386 / 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
2024 $7,473 $1,009,900 $0 $1,009,900
2023 $7,279 $1,009,900 $0 $1,009,900
2022 $7,279 $1,009,900 $0 $1,009,900
2021 $0 $1,009,900 $0 $1,009,900
2020 $6,112 $682,900 $0 $682,900
2019 $6,112 $683,700 $0 $683,700
2018 $6,051 $683,700 $0 $683,700
2017 -- $683,700 $0 $683,700
2016 $5,193 $571,900 $0 $571,900
2015 $4,778 $571,900 $0 $571,900
2014 $4,664 $571,900 $0 $571,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100113184

Hive MLS

APN: R09213-005-017-002