NOT LISTED FOR SALE

305 Carolina Beach Ave S Unit 1 Carolina Beach, NC 28428

Estimated Value: $977,001 - $995,000

3 Beds
3.5 Baths
2,450 Sq Ft
$625/mo HOA Fee

Last Sold October 05, 2020

Last sale price $625,000 $255 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $6,789/month

99 Days on Market

Highlights

  • Ocean Front
  • Deck
  • Main Floor Primary Bedroom
  • Carolina Beach Elementary School Rated A-
  • Wood Flooring
  • Furnished

About This Home

As of October 2020

Unbelievable oceanfront living in this gorgeous, expansive two-level condo with private elevator. Open, airy floorplan, panoramic ocean views from main floor. One side of the huge living room has a two-sided gas fireplace shared with the master suite. Upgrades and attention to detail throughout - hardwoods, tile baths, stainless steel appliances, granite counters. Oceanfront decks across living area and one of the two bedrooms on the upper level. Each bedroom has a generous full bath. Separate laundry room. Long private pier with outside shower leads you to the beach. Plenty of underside parking, new metal roof and fiber cement siding, ground-level storage for your beach gear. ,Great beach home and/or rental. Currently on a vacation rental program, gross rental income approx $53k in 2017, $38k in 2018 (less due to Hurricane Florence), $53k in 2019.

Last Agent to Sell the Property

Matthew Giggey

Giggey Real Estate License #209907 Listed on: 04/25/2020

Last Buyer's Agent

Marcus Matzke

Palm Air Realty License #314353

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,957

Year Built

  • Built in 2006

Lot Details

  • 4,792

HOA Fees

  • $625 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 2,450 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Log Fireplace
  • Thermal Windows
  • Blinds
  • Formal Dining Room
  • Ocean Views

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Attached Carport Spaces
  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Additional Features

  • Ocean Front
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number R09010-005-003-005

Community Details

Overview

  • Master Insurance

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,957

Year Built

Built in 2006

Lot Details

0

HOA Fees

$625 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: Yes
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: One and One Half
  • Year Built: 2006
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Dining Room Type: Formal
  • Fireplace: 1
  • Flooring: Carpet, Tile, Wood
  • Heated Sq Ft: 2400 - 2599
  • Interior Amenities: 9Ft+ Ceilings, Elevator, Walk-In Closet, Gas Logs, Furnished, Ceiling Fan(s), Blinds/Shades
  • Laundry Location: Room
  • List Price per Sq Ft: 281.59
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Bedrooms: 3
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Primary Bedroom Level: Main
  • Sq Ft Heated: 2450.00
  • Total Heated Primary Separate Sq Ft: 2450.00

Exterior Features

  • Exterior Features: Thermal Windows
  • Exterior Finish: Fiber Cement
  • Fencing: None
  • Foundation: Pilings, Slab
  • Porch Balcony Deck: Covered, Deck
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Metal
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Attached Carport Spaces: 2.00
  • Total Carport Spaces: 2.00
  • Parking Driveway: Off Street, Paved

Utilities

  • Appliances Equipment: Dishwasher, Stove/Oven - Electric, Washer, Refrigerator, Microwave - Built-In, Dryer, Disposal
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Forced Air
  • Service Providers Electric Provider: Duke Progress Energy
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Maintenance Structure, Master Insure, Management
  • HOAAssociationFee1Year: 7500.00

Lot Info

  • Deed Page: 1916.00
  • Lot Acres: 0.11
  • Lot Dimensions: 50x100
  • Lot Sq Ft: 4792.00
  • Zoning: T-1
  • Lot View Type: Ocean View

Tax Info

  • Tax Identifier: R09010-005-003-005
  • Tax Year: 2019
  • Total Real Estate Property Taxes: 3957.00

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2020
Closed on
Oct 1, 2020
Sold by
Sykes Robert F and Sykes Amanda F
Bought by
Arya Real Property Investments Llc
Seller's Agent
Matthew Giggey
Giggey Real Estate
Buyer's Agent
Marcus Matzke
Palm Air Realty
List Price
$689,900
Sold Price
$625,000
Premium/Discount to List
-$64,900
-9.41%
Current Estimated Value
$988,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,750
Avg. Annual Appreciation
9.49%

Purchase Details

Listed on
Oct 16, 2014
Closed on
Mar 9, 2015
Sold by
Kirkwood Arthur E and Kirkwood Teresa H
Bought by
Sykes Amanda F and Sykes Robert F
Seller's Agent
Matthew Giggey
Giggey Real Estate
Buyer's Agent
Matthew Giggey
Giggey Real Estate
List Price
$535,000
Sold Price
$490,000
Premium/Discount to List
-$45,000
-8.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.47%
Original Mortgage
$294,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2011
Sold by
303 Properties Llc
Bought by
Kirkwood Arthur E and Kirkwood Teresa H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.02%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Arya Real Property Investments Llc $625,000 None Available
Sykes Amanda F $490,000 None Available
Kirkwood Arthur E $450,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sykes Amanda F $294,000
Previous Owner Kirkwood Arthur E $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/05/2020 10/05/20 Sold $625,000 -9.4% $255 / Sq Ft
08/02/2020 08/02/20 Pending -- -- --
04/25/2020 04/25/20 For Sale $689,900 +40.8% $282 / Sq Ft
03/12/2015 03/12/15 Sold $490,000 -8.4% $201 / Sq Ft View Prior Sale
03/10/2015 03/10/15 Pending -- -- --
10/16/2014 10/16/14 For Sale $535,000 -- $220 / 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 -- $945,000 $0 $945,000
2023 -- $620,100 $0 $620,100
2022 $0 $620,100 $0 $620,100
2021 $3,957 $620,100 $0 $620,100
2020 $3,957 $494,600 $0 $494,600
2019 $3,957 $494,600 $0 $494,600
2018 $3,858 $494,600 $0 $494,600
2017 $5,722 $494,600 $0 $494,600
2016 $5,121 $596,900 $0 $596,900
2015 $4,829 $596,900 $0 $596,900
2014 $4,710 $596,900 $0 $596,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Matthew Giggey

    Giggey Real Estate

  • Marcus Matzke

    Buyer's Agent in 2020

    Marcus Matzke

    Palm Air Realty

    (910) 458-5269

    32 in this area

    60 Total Sales

    Marcus Matzke
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Map

Source: Hive MLS

MLS Number: 100214668

Hive MLS

APN: R09010-005-003-005

North Carolina New Hanover County Carolina Beach 28428

305 Carolina Beach Ave S Unit 1, Carolina Beach, NC

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