$525,000
SOLD JUN 8, 2022

275 W First St Unit 2E Ocean Isle Beach, NC 28469

2 Beds
2 Baths
765 Sq Ft
$580/mo HOA Fee

Recently Sold

$686 Per Sq Ft

9% Above List Price

3 Days on Market

Highlights

  • Ocean Front
  • Main Floor Primary Bedroom
  • Community Pool
  • Union Elementary School Rated A-
  • Furnished
  • Balcony

About This Home

As of April 2024

Multiple offer situation, please have best and final offers submitted by Thursday, April 21st at 12:00 noon...This furnished 2 bed, 2 full bath condo is the one you have been waiting for! This top floor, corner unit offers some of the best views of any condo anywhere on Ocean Isle Beach. Being the corner unit, the entire living room is lined with windows offering endless views of the beach and ocean. From your private balcony, you will enjoy both sunrises and sunsets. The kitchen features granite counter tops and stainless steel appliances as well as enough cabinet space to hold all of your kitchenware. The master suite easily accommodates a king sized bed, you will know you're on vacation when you wake up and see the ocean each morning from the large window in the bedroom. The guest bedroom is at the front of the condo, away from the master, which provides privacy to everyone. The guest bathroom vanity has been upgraded with an extended granite top. There is a washer and dryer in the condo. The HVAC unit and water heater have both been replaced in recent years and the roof on the condo building was replaced in 2019. With gross rental income in the upper $30k's to low $40k's, this condo is an incredible rental with many repeat guests year after year. The 2022 rental calendar has many bookings already, so you have instant income after closing. Perhaps you no longer want to rent and just want an awesome vacation condo for you and your family to enjoy, you do not have to rent the condo in 2023 (rentals within 180 days of closing have to be honored). There is a community pool and private beach access for condo owners. This section of the beach is one of the widest parts of Ocean Isle Beach. Schedule an appointment to view this condo, you'll be glad you did.

Last Agent to Sell the Property

Seth Barbee

Carolina Plantations Real Estate Listed on: 04/18/2022

Last Buyer's Agent

Paula Ogden

Metro to Coast LLC License #294042

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,678

Year Built

  • Built in 1978

HOA Fees

  • $580 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Wood Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 765 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Ocean Views
  • Laundry closet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Parking

  • Driveway
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • Balcony
  • Ocean Front

Listing and Financial Details

  • Assessor Parcel Number 257fi03840

Community Details

Overview

  • Roof Maintained by HOA
  • Master Insurance
  • A Place@The Beach Ii Subdivision
  • Maintained Community

Recreation

  • Community Pool

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,678

Year Built

Built in 1978

Lot Details

0

HOA Fees

$580 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 1978
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Heated Sq Ft: 600 - 799
  • Interior Amenities: Blinds/Shades, Furnished, Ceiling Fan(s)
  • Laundry Location: Closet
  • List Price per Sq Ft: 627.45
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 2
  • Number Rooms: 5
  • Sq Ft Heated: 765.00
  • Total Heated Primary Separate Sq Ft: 765.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Wood Siding
  • Fencing: None
  • Foundation: Pilings
  • Porch Balcony Deck: Balcony
  • Road Type Frontage: Paved
  • Roof: See Remarks
  • Waterfront: Yes

Garage/Parking

  • Parking Driveway: Paved

Utilities

  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Community Pool, Roof, Taxes, Maint - Comm Areas, Master Insure, Management, Maintenance Structure, Maint - Grounds
  • HOAAssociationFee1Year: 6960.00

Schools

  • School District: Brunswick County Schools

Lot Info

  • Deed Page: 1258.00
  • Plat Book: 1
  • Plat Page: 26-33
  • Zoning: Residential
  • Lot View Type: Ocean View

Tax Info

  • Tax Identifier: 257fi03840
  • Tax Year: 2022

MLS Schools

  • School District: Brunswick County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
Apr 24, 2024
Sold by
Avolio Michelle Joan
Bought by
Martin Lynn
Seller's Agent
Paula Ogden
Metro to Coast LLC
Buyer's Agent
Littonnie Summerlin
Coldwell Banker Sea Coast Advantage
List Price
$550,000
Sold Price
$555,000
Premium/Discount to List
$5,000
0.91%
Views
16
Current Estimated Value
$549,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,415
Avg. Annual Appreciation
2.13%

Purchase Details

Listed on
Apr 18, 2022
Closed on
May 26, 2022
Sold by
Ramirez and Nilda
Bought by
Avolio Michelle Joan
Seller's Agent
Seth Barbee
Carolina Plantations Real Estate
Buyer's Agent
Paula Ogden
Metro to Coast LLC
List Price
$480,000
Sold Price
$525,000
Premium/Discount to List
$45,000
9.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.98%
Original Mortgage
$350,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2019
Sold by
Hawkins Robert B and Hawkins Kara C
Bought by
Ramirez Pedro and Rodriquez Ramirez Nilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,450
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2010
Sold by
Oib Properties Llc
Bought by
Hawkins Robert B and Hawkins Kara C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Interest Rate
5.02%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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 $555,000 None Listed On Document
Warranty Deed $525,000 Gordon Law Firm Pllc
Warranty Deed $270,500 None Available
Warranty Deed $247,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $350,000 New Conventional
Previous Owner $243,450 New Conventional
Previous Owner $185,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2024 04/29/24 Sold $555,000 +0.9% $725 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $550,000 +4.8% $719 / Sq Ft
06/08/2022 06/08/22 Sold $525,000 +9.4% $686 / Sq Ft
04/21/2022 04/21/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $480,000 -- $627 / 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 $1,678 $461,470 $0 $461,470
2023 $1,231 $461,470 $0 $461,470
2022 $1,231 $222,630 $0 $222,630
2021 $1,236 $222,630 $0 $222,630
2020 $1,222 $222,630 $0 $222,630
2019 $1,172 $0 $0 $0
2018 $1,029 $0 $0 $0
2017 $1,008 $0 $0 $0
2016 $996 $0 $0 $0
2015 $995 $193,270 $0 $193,270
2014 $1,108 $237,610 $0 $237,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100322851

Hive MLS

APN: 257FI03840