NOT LISTED FOR SALE

2405 Ocean Dr Emerald Isle, NC 28594

Estimated Value: $649,000 - $888,000

4 Beds
4 Baths
1,998 Sq Ft
$373/Sq Ft Est. Value

Last Sold April 08, 2020

Last sale price $802,000 $401 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,163/month

299 Days on Market

Highlights

  • Ocean Front
  • Ocean Side of Freeway
  • Furnished
  • White Oak Elementary School Rated A-
  • Deck
  • No HOA

About This Home

As of April 2020

NEW PRICE! $814,000! With rental projections expected to top $120K in 2019, this darling 4 bedr,4 bath, NEWLY REMODELED oceanfront FULL DUPLEX is an INVESTOR'S DELIGHT. If the oceanfront views from the brand new BEACHFRONT FLOOR TO CEILING WINDOWS aren't enough to draw you in, the following recent upgrades will:NEW, WHITE GALVALUM METAL ROOF, NEW EXTERIOR DOORS w/ push button entry,NEW INSULATION, UPGRADED water-resistant DRYWALL throughout, NEW PEX PLUMBING under house, with a new under house CEILING, NEW ELECTRICAL OUTLETS, premium VINYL PLANK FLOORING, NEW, MODERN KITCHEN CABINETS, COUNTERTOPS AND BACKSPLASHES. Most FURNISHINGS will be NEW to include beds, dining sets, entertainment units, dressers, curtains and rugs. 4 CEILING FANS, NEW BATHROOMS w/ modern vanities & much more!See complete list in docs

Last Agent to Sell the Property

Carolyn Blackmon

Bluewater Real Estate - EI License #95922 Listed on: 04/05/2019

Last Buyer's Agent

Roy Parker

E I Beach Realty, LLC License #153115

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75 x 150 x 60 x 150
  • Ocean Front
  • Open Lot

Home Design

  • Duplex
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 4 Bathrooms
  • 1-Story Property
  • Furnished
  • Thermal Windows
  • Blinds
  • Combination Dining and Living Room
  • Ocean Views
  • Laundry in Hall

Parking

  • Carport
  • Dirt Driveway

Eco-Friendly Details

  • Energy-Efficient Doors

Outdoor Features

  • Ocean Side of Freeway
  • Balcony
  • Deck
  • Open Patio
  • Outdoor Gas Grill

Schools

  • Broad Creek Middle School
  • Croatan High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 631415534430000

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Sub Type: Duplex
  • Auction: No
  • Basement: None
  • Cobra Zone: No
  • Construction: Wood Frame
  • Cooling System: Central
  • Deed Page: 449.00
  • Directions To Property: North on Emerald Drive, take a Right on 25th Street. Left on to Ocean Drive and 2405 is on the Right. There is NO SIGN.
  • Document Count: 17
  • Federal Flood Ins Avlbl: Yes
  • Fencing: None
  • Fireplace: None
  • Foundation: Pilings
  • Fuel Tank: None
  • Handicap Accessible: None
  • High School: Croatan
  • H O A: No
  • H O Aand Neighborhood Amenities: No Amenities
  • Listing I D: 100158901
  • List Priceper Sq Ft: 407.41
  • Location Type: Island
  • Lot Acres: 0.26
  • Lot Description: Open
  • Lot Dimensions: 75 x 150 x 60 x 150
  • Lot Sq Ft: 11326.00
  • Lot Water Features: Ocean Side
  • Marketing City: Emerald Isle
  • Middle School: Broad Creek
  • M L S Approved: Y
  • New Construction: No
  • Porch Balcony Deck: Balcony, Deck, Open
  • Prospect Exempt: No
  • Rental Income Gross Rental Income: 114000.00
  • Road Type Frontage: Maintained, Public (City/Cty/St)
  • School District: Carteret
  • Secondary Subdivision: N/A
  • Sign On Property: No
  • State Province: NC
  • Stipulation Of Sale: None
  • Stories: 1.0
  • Stories Levels: 2nd Floor
  • Subdivision: Not In Subdivision
  • Tax Identifier: 631415534430000
  • Tax Year: 2018
  • Terms: Cash, Conventional
  • Total City Real Estate Property Tax: 1069.00
  • Un Branded Virtual Tour: http://tour.circlepix.com/tour/titan/?id=5532022&version=strict&_seoAddress=2405-Ocean-Drive-Emerald-Isle-NC-100158901#.XS0tSpNKj-Y
  • Water Heater: Electric
  • Waterview: Yes
  • Year Built: 1984
  • Zoning: R20
  • Financials Available: Yes
  • Property Mgmt Company: No
  • Cooling: Central
  • Occupied: Yes
  • Rent Frequency: 1058.00
  • Rent Frequency: Weekly
  • Side Unit2 Cooling: Central
  • Side Unit2 Heating: Heat Pump
  • Side Unit2 Occupied: Yes
  • Side Unit2 Rent: 1058.00
  • Side Unit2 Rent Frequency: Weekly
  • Road Frontage Type: Ocean Front
  • Lot View Type: Ocean View, Water View
  • Sewer: Septic On Site
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room Type: Combination
  • Interior Amenities: Blinds/Shades, Furnished
  • Laundry Location: Hall
  • Total Bathrooms: 4.00
  • Number Bedrooms Total: 4

Exterior Features

  • Exterior Features: Gas Grill, Thermal Doors, Thermal Windows
  • Exterior Finish: Wood Siding
  • Roof: Metal
  • Waterfront: Yes
  • Pool Spa: None

Garage/Parking

  • Parking Driveway: Carport, Dirt, On Site

Utilities

  • Heating System: Heat Pump
  • Utilities: Municipal Water
  • Heating: Heat Pump

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2019
Closed on
Mar 23, 2020
Sold by
Reynolds Jerry Leon and Reynolds Paula Joann
Bought by
Rhodes Michael L and Rhodes Nicole
Seller's Agent
Carolyn Blackmon
Bluewater Real Estate - EI
Buyer's Agent
Roy Parker
E I Beach Realty, LLC
List Price
$899,000
Sold Price
$802,000
Premium/Discount to List
-$97,000
-10.79%
Current Estimated Value
$744,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$57,504
Avg. Annual Appreciation
-1.28%
Original Mortgage
$360,900
Outstanding Balance
$319,019
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$425,477

Purchase Details

Listed on
Aug 4, 2014
Closed on
Apr 12, 2016
Sold by
Welker Dorothy Ann
Bought by
Reynolds Jerry Leon and Reynolds Paula Joan
Seller's Agent
Marcia Jordan
Bluewater Real Estate - EI
Buyer's Agent
Donna Byrd
Emerald Isle Realty
List Price
$725,000
Sold Price
$580,000
Premium/Discount to List
-$145,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.46%
Original Mortgage
$547,338
Interest Rate
3.73%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rhodes Michael L $401,000 None Available
Rhodes Michael L $401,000 None Available
Reynolds Jerry Leon $580,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rhodes Michael L $360,900
Closed Rhodes Michael L $340,850
Previous Owner Reynolds Jerry Leon $547,338
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/08/2020 04/08/20 Sold $802,000 -10.8% $401 / Sq Ft
01/29/2020 01/29/20 Pending -- -- --
04/05/2019 04/05/19 For Sale $899,000 +55.0% $450 / Sq Ft
04/14/2016 04/14/16 Sold $580,000 -20.0% $290 / Sq Ft View Prior Sale
02/15/2016 02/15/16 Pending -- -- --
08/04/2014 08/04/14 For Sale $725,000 -- $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
2025 $3,235 $795,924 $504,000 $291,924
2024 $2,125 $316,941 $226,100 $90,841
2023 $2,037 $316,941 $226,100 $90,841
2022 $1,986 $316,941 $226,100 $90,841
2021 $1,944 $316,941 $226,100 $90,841
2020 $4,390 $736,265 $571,200 $165,065
2019 $1,714 $548,117 $365,400 $182,717
2017 $1,714 $548,117 $365,400 $182,717
2016 $1,692 $540,825 $365,400 $175,425
2015 $1,644 $540,825 $365,400 $175,425
2014 $1,932 $639,157 $454,860 $184,297
Source: Public Records

Agents Affiliated with this Home

  • Carolyn Blackmon

    Seller's Agent in 2020

    Carolyn Blackmon

    Bluewater Real Estate - EI

    (252) 515-4831

    42 in this area

    107 Total Sales

    Carolyn Blackmon
    Section Image

  • R

    Buyer's Agent in 2020

    Roy Parker

    E I Beach Realty, LLC

    (252) 241-7404

    4 in this area

    11 Total Sales

    Roy Parker
    Section Image

  • M

    Seller's Agent in 2016

    Marcia Jordan

    Bluewater Real Estate - EI

  • D

    Buyer's Agent in 2016

    Donna Byrd

    Emerald Isle Realty

    Section Image
See All Agents

Map

Source: Hive MLS

MLS Number: 100158901

Hive MLS

APN: 6314.15.53.4430000

North Carolina Carteret County Emerald Isle 28594

2405 Ocean Dr, Emerald Isle, NC

Not Listed for Sale

MultiFamily

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