NOT LISTED FOR SALE

307 Coral Dr Unit A Wrightsville Beach, NC 28480

Estimated Value: $1,128,000 - $1,516,000

4 Beds
2.5 Baths
1,772 Sq Ft
$650/mo HOA Fee

Last Sold May 10, 2024

Last sale price $1,250,000 $705 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $8,580/month

13 Days on Market

Highlights

  • Water Views
  • Deck
  • Fenced Yard
  • Wrightsville Beach Elementary School Rated A-
  • Ground Level Unit
  • Porch

About This Home

As of May 2024

Exquisite fully furnished retreat nestled in the heart of Wrightsville Beach on Harbor Island. This stunning property offers a blend of luxury, comfort & convenience, with a host of features to elevate your coastal living experience.Couple blocks away from the beach & close access to walking trails, Wrightsville Beach Elementary, restaurants & shopping.This home boasts four bedrooms with two & a half bathrooms. With ample space for family and guests, you'll always feel right at home in this coastal oasis. The kitchen is a chef's delight, featuring granite countertops, an inviting eat-at bar & updated KitchenAid appliances.Unwind and take in the serene marsh views from your private porch, offering a tranquil retreat right at your doorstep. Launch a kayak from the backyard and explore the salt marsh. Also, enjoy peace of mind with a grandfathered-in flood insurance rate, keeping costs remarkably low. Flood insurance premium is only $900 a year with the comprehensive policy at $6,800 and covers both units. Monthly HOA of $650 includes exterior water, pest control, yard maintenance and both insurance policies, allowing you to focus on enjoying beach life without worry.Whether you're looking for a primary residence, a vacation getaway, or an investment opportunity, this turnkey property is ready to fulfill your dreams. The rental income potential is impressive, with earnings exceeding $54,000 in 2023 alone. Make it yours today!

Last Agent to Sell the Property

Jessica Riffle Edwards

Coldwell Banker Sea Coast Advantage Listed on: 03/22/2024

Coldwell Banker Sea Coast Advantage

Last Buyer's Agent

Team Hardee Hunt & Williams

Hardee Hunt & Williams

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,223

Year Built

  • Built in 1974

Lot Details

  • Property fronts a marsh
  • Fenced Yard

HOA Fees

  • $650 Monthly HOA Fees

Home Design

  • Raised Foundation
  • Wood Frame Construction
  • Metal Roof
  • Stick Built Home
  • Cedar

Interior Spaces

  • 1,772 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Combination Dining and Living Room
  • Water Views
  • Partial Basement
  • Pest Guard System
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-in Shower

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Access to marsh
  • Deck
  • Porch

Location

  • Ground Level Unit

Schools

  • Wrightsville Beach Elementary School
  • Noble Middle School
  • Hoggard High School

Utilities

  • Central Air
  • Heat Pump System
  • Co-Op Water

Community Details

  • Master Insurance
  • Sunset Marsh HOA
  • Maintained Community

Listing and Financial Details

  • Assessor Parcel Number R05720-008-007-001

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,223

Year Built

Built in 1974

Lot Details

0

HOA Fees

$650 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: Yes
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: 1st Floor Unit, Ground, One
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Heated Sq Ft: 1600 - 1799
  • Interior Amenities: Foyer, Walk-in Shower
  • List Price per Sq Ft: 775.96
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Bedrooms: 4
  • Number Rooms: 7
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Level: First
  • Dining Room Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First
  • Sq Ft Heated: 1772.00
  • Total Heated Primary Separate Sq Ft: 1772.00

Exterior Features

  • Exterior Finish: Cedar
  • Fencing: Back Yard, Partial
  • Foundation: Raised
  • Porch Balcony Deck: Deck, Porch
  • Road Type Frontage: Paved
  • Roof: Metal
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: On Site, Paved

Utilities

  • Appliances Equipment: Dishwasher
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Maint - Grounds, Master Insure, Pest Control, Trash, Water
  • HOAAssociationFee1Year: 7800.00
  • HOAAssociationName: Sunset Marsh HOA
  • HOAAssociationPhone: 919-539-04

Lot Info

  • Deed Page: 2421.00
  • Lot Acres: 0.23
  • Lot Dimensions: .23 ac.
  • Lot Sq Ft: 10019.00
  • Lot Water Features: Salt Marsh
  • Zoning: R-1
  • Lot View Type: Marsh View

Tax Info

  • Tax Identifier: R05720-008-007-001
  • Tax Year: 2023

MLS Schools

  • Elementary School: Wrightsville Beach
  • High School: Hoggard
  • Middle School: Noble

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2024
Closed on
May 9, 2024
Sold by
Mills Sharon Canada
Bought by
Benfer Brian C and Benfer Lindsay
Seller's Agent
Jessica Riffle Edwards
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Team Hardee Hunt & Williams
Hardee Hunt & Williams
List Price
$1,500,000
Sold Price
$1,250,000
Premium/Discount to List
-$250,000
-16.67%
Views
75
Current Estimated Value
$1,353,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,554
Avg. Annual Appreciation
2.99%
Original Mortgage
$1,000,000
Outstanding Balance
$990,333
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$306,573

Purchase Details

Listed on
Sep 19, 2012
Closed on
Oct 31, 2012
Sold by
Hsbc Bank Usa Na
Bought by
Mills Sharon Canada
Seller's Agent
Pam Wooddell
Live Oak Real Estate
Buyer's Agent
Buddy Blake
RE/MAX Essential
List Price
$459,900
Sold Price
$407,500
Premium/Discount to List
-$52,400
-11.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%
Original Mortgage
$325,600
Interest Rate
3.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 3, 2012
Sold by
Roylance Spencer M and Roylance Michelle O
Bought by
Hsbs Bank Usa Na

Purchase Details

Closed on
Aug 1, 2007
Sold by
Brown Scott and Brown Sharon L
Bought by
Roylance Spencer M and Roylance Michelle O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Benfer Brian C $1,250,000 None Listed On Document
Mills Sharon Canada $407,500 None Available
Hsbs Bank Usa Na $567,000 None Available
Roylance Spencer M $662,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benfer Brian C $1,000,000
Previous Owner Mills Sharon Canada $284,600
Previous Owner Mills Sharon Canada $325,600
Previous Owner Roylance Spencer M $530,000
Previous Owner Brown Scott D $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2024 05/10/24 Sold $1,250,000 -9.1% $705 / Sq Ft
04/07/2024 04/07/24 Pending -- -- --
04/01/2024 04/01/24 Price Changed $1,375,000 -8.3% $776 / Sq Ft
03/25/2024 03/25/24 For Sale $1,500,000 +268.1% $847 / Sq Ft
12/14/2012 12/14/12 Sold $407,500 -11.4% $215 / Sq Ft
10/26/2012 10/26/12 Pending -- -- --
09/19/2012 09/19/12 For Sale $459,900 -- $243 / 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 $6,223 $1,147,600 $0 $1,147,600
2023 $6,223 $1,147,600 $0 $1,147,600
2022 $6,281 $1,147,600 $0 $1,147,600
2021 $6,510 $1,147,600 $0 $1,147,600
2020 $4,775 $699,600 $0 $699,600
2019 $4,775 $699,600 $0 $699,600
2018 $4,775 $699,600 $0 $699,600
2017 $4,880 $699,600 $0 $699,600
2016 $4,383 $579,800 $0 $579,800
2015 $4,099 $579,800 $0 $579,800
2014 $3,983 $579,800 $0 $579,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100434517

Hive MLS

APN: R05720-008-007-001