NOT LISTED FOR SALE

2627 E Beach Dr Oak Island, NC 28465

Estimated Value: $900,000 - $1,041,316

3 Beds
2 Baths
1,200 Sq Ft
$826/Sq Ft Est. Value

Last Sold March 29, 2019

Last sale price $534,000 $445 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $5,428/month

39 Days on Market

Highlights

  • Ocean Front
  • Deck
  • Solid Surface Countertops
  • Southport Elementary School Rated 9+
  • Furnished
  • No HOA

About This Home

As of March 2019

Beautifully renovated and smartly decorated oceanfront cottage is a proven rental performer or perfect personal dream beach retreat! Complete remodel just finished and new and updated features include: HVAC, foundational piers, windows, hardy plank siding, expanded rear deck and stairs, laminate flooring, paint and trim inside and out, quartz kitchen & bath counters, lighting & ceiling fans, all bathroom fixtures, propane tankless water heater and all new appliances including a wine cooler! Expanded parking now accommodates 4 cars plus boat or trailer! Fresh landscaping adds curb appeal and extends outdoor living space - and did we mention the SPECTACULAR OCEAN VIEW ?! Offered fully furnished and TURNKEY ready for the very best of island life or driving $40K+ annually in rental income!

Last Agent to Sell the Property

Team KBT Realty

Keller Williams Innovate-KBT Listed on: 01/10/2019

Keller Williams Innovate-KBT

Last Buyer's Agent

Lindsey Jenkins

Century 21 Collective License #300358

Century 21 Collective

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,410

Year Built

  • Built in 1960

Lot Details

  • 7,530 Sq Ft Lot
  • Lot Dimensions are 49x154
  • Ocean Front
  • Open Lot
  • Dunes
  • Property is zoned OK-R-7

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Piling Construction
  • Stick Built Home
  • Composite Building Materials

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Thermal Windows
  • Blinds
  • Combination Dining and Living Room
  • Laminate Flooring
  • Ocean Views
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Double Oven
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Low Flow Toliet

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Unpaved Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Programmable Thermostat
  • Propane
  • Tankless Water Heater
  • Fuel Tank

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 14
  • Assessor Parcel Number 235oe002

Community Details

Overview

  • No Home Owners Association
  • Long Beach Subdivision

Security

  • Security Lighting

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,410

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Appliances Equipment: Dishwasher, Refrigerator, Washer, Stove/Oven - Electric, Microwave - Built-In, Dryer, Double Oven, Disposal
  • Auction: No
  • Basement: None
  • Cobra Zone: Yes
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Cooling System: Central
  • Deed Page: 307.00
  • Directions To Property: Once on Oak Island, when S Middleton Ave ends take a left onto E Beach Dr. Property will be in the 26th block on the right.
  • Document Count: 7
  • Federal Flood Ins Avlbl: Yes
  • Fencing: None
  • Fireplace: None
  • Foundation: Pilings
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Owned
  • Green Bldg Features: High Eff Toilets, Prog Thermostats, Tankless Water Heater
  • H O A: No
  • H O Aand Neighborhood Amenities: No Amenities
  • Listing I D: 100145550
  • List Priceper Sq Ft: 454.17
  • Location Type: Island
  • Lot Acres: 0.17
  • Lot Description: Dunes, Open
  • Lot Dimensions: 49x154
  • Lot Number: 14
  • Lot Sq Ft: 7530.00
  • Marketing City: Oak Island Beach
  • M L S Approved: Y
  • New Construction: No
  • Porch Balcony Deck: Covered, Porch, Deck
  • Pre Direction: E
  • Prospect Exempt: No
  • Rental Income Gross Rental Income: 40000.00
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • School District: Brunswick
  • Secondary Subdivision: N/A
  • Sign On Property: Yes
  • Sq Ft Heated: 1200.00
  • State Province: NC
  • Stipulation Of Sale: None
  • Stories: 1.0
  • Stories Levels: One
  • Subdivision: Long Beach
  • Tax Identifier: 235oe002
  • Tax Year: 2017
  • Terms: Cash, USDA Loan, VA Loan, FHA, Conventional
  • Total Real Estate Property Taxes: 1410.00
  • Total Heated Primary Separate Sq Ft: 1200.00
  • Waterview: Yes
  • Year Built: 1960
  • Zoning: OK-R-7
  • Road Frontage Type: Ocean Front
  • Lot View Type: Ocean View, Water View
  • Home Warranty Company: 2-10 Home Warranty
  • Home Warranty Amount: 500.00
  • Home Warranty Termite: Home Warranty/Seller
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Access Only
  • Dining Room Type: Combination
  • Flooring: Laminate
  • Interior Amenities: 1st Floor Master, Smoke Detectors, Solid Surface, Furnished, Ceiling Fan(s), Blinds/Shades
  • Laundry Location: Closet
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Security Lighting, Thermal Windows
  • Exterior Finish: Composition
  • Roof: Composition
  • Waterfront: Yes

Garage/Parking

  • Garage And Parking Driveway Spaces: 4.00
  • Garage And Parking R V Boat Spaces: 1.00
  • Parking Driveway: On Site, Unpaved

Utilities

  • Heated Sq Ft: 1200 - 1399
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2024
Sold by
Swisher Richard A
Bought by
Richard Swisher Living Trust and Swisher
Current Estimated Value
$991,329

Purchase Details

Listed on
Jan 10, 2019
Closed on
Mar 27, 2019
Sold by
Wadsworth Judith L
Bought by
Swisher Richard A
Seller's Agent
Team KBT Realty
Keller Williams Innovate-KBT
Buyer's Agent
Lindsey Jenkins
Century 21 Collective
List Price
$545,000
Sold Price
$534,000
Premium/Discount to List
-$11,000
-2.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.54%
Original Mortgage
$464,580
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2017
Sold by
Ira Services Inc
Bought by
Wadsworth Judith L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2016
Sold by
Steve Mason Enterprises Inc
Bought by
Communityone Bank Na

Purchase Details

Closed on
Sep 1, 1991
Bought by
Mason Steve Enterprises
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Richard Swisher Living Trust -- None Listed On Document
Swisher Richard A $534,000 None Available
Wadsworth Judith L -- None Available
Communityone Bank Na $265,407 None Available
Mason Steve Enterprises -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Swisher Richard A $464,580
Previous Owner Wadsworth Judith L $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2019 03/29/19 Sold $534,000 -2.0% $445 / Sq Ft
02/18/2019 02/18/19 Pending -- -- --
01/10/2019 01/10/19 For Sale $545,000 +105.7% $454 / Sq Ft
03/07/2017 03/07/17 Sold $265,000 -11.6% $221 / Sq Ft View Prior Sale
02/22/2017 02/22/17 Pending -- -- --
09/21/2016 09/21/16 For Sale $299,900 -- $250 / 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 $3,556 $864,110 $575,000 $289,110
2024 $36 $864,110 $575,000 $289,110
2023 $2,409 $864,110 $575,000 $289,110
2022 $2,409 $416,670 $260,000 $156,670
2021 $2,383 $416,670 $260,000 $156,670
2020 $2,313 $416,670 $260,000 $156,670
2019 $2,081 $260,000 $260,000 $0
2018 $1,583 $277,690 $175,000 $102,690
2017 $1,410 $175,000 $175,000 $0
2016 $1,385 $175,000 $175,000 $0
2015 $1,385 $244,680 $175,000 $69,680
2014 $1,524 $295,170 $250,000 $45,170
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100145550

Hive MLS

APN: 235OE002