NOT LISTED FOR SALE

3205 E Beach Dr Oak Island, NC 28465

Estimated Value: $927,000 - $1,058,000

3 Beds
2 Baths
1,101 Sq Ft
$885/Sq Ft Est. Value

Last Sold August 03, 2020

Last sale price $525,000 $477 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $5,370/month

1 Day on Market

Highlights

  • Ocean Front
  • Ocean Side of Freeway
  • Wood Flooring
  • Southport Elementary School Rated 9+
  • Deck
  • Furnished

About This Home

As of August 2020

Oceanfront Home with outstanding rental history. Home has consistently achieved over $50,000 a year! Quaint 3 bedroom 2 bath beach cottage on the East end of Oak Island. New back deck added May 2020! Home has classic wood floors throughout. Exposed beam ceilings. Being sold fully furnished and ready to enjoy or rent.

Last Agent to Sell the Property

Christopher Kuhn

RE/MAX at the Beach / Oak Island License #209254 Listed on: 05/30/2020

Last Buyer's Agent

John Hamilton

Intracoastal Realty Corp

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1970

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x146
  • Ocean Front

Home Design

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

Interior Spaces

  • 1,101 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Combination Dining and Living Room
  • Water Views
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Lighted Parking
  • On-Site Parking

Outdoor Features

  • Outdoor Shower
  • Ocean Side of Freeway
  • Deck
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • E. Long Beach Subdivision

Listing and Financial Details

  • Tax Lot L-3
  • Assessor Parcel Number 249cb036

Home Details

Home Type

Single Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Auction: No
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Cooling System: Central
  • Deed Page: 1248.00
  • Directions To Property: Eat Beach Dr to 3200 block on East end.
  • Document Count: 2
  • Federal Flood Ins Avlbl: Yes
  • Fencing: None
  • Fireplace: None
  • Foundation: Pilings
  • Fuel Tank: None
  • H O A: No
  • H O Aand Neighborhood Amenities: No Amenities
  • Listing I D: 100219796
  • List Priceper Sq Ft: 490.26
  • Location Type: Island
  • Lot Acres: 0.16
  • Lot Dimensions: 50x146
  • Lot Number: L-3
  • Lot Sq Ft: 6970.00
  • Lot Water Features: Ocean Side
  • Marketing City: Oak Island Beach
  • M L S Approved: Y
  • New Construction: No
  • Porch Balcony Deck: Covered, Open, Porch, Deck
  • Pre Direction: E
  • Prospect Exempt: No
  • Rental Income Gross Rental Income: 50000.00
  • Annual Gross Rental Income Collected: 2019
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • School District: Brunswick
  • Secondary Subdivision: N/A
  • Sign On Property: Yes
  • Sq Ft Heated: 1101.00
  • State Province: NC
  • Stipulation Of Sale: None
  • Stories: 1.0
  • Stories Levels: One
  • Subdivision: E. Long Beach
  • Tax Identifier: 249cb036
  • Tax Year: 2019
  • Terms: Cash, Conventional
  • Total Heated Primary Separate Sq Ft: 1101.00
  • Water Heater: Electric
  • Waterview: Yes
  • Year Built: 1970
  • Zoning: Residential
  • Road Frontage Type: Ocean Front
  • Lot View Type: Water View
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination, Kitchen
  • Flooring: Tile, Wood
  • Interior Amenities: 1st Floor Master, Furnished, Ceiling Fan(s)
  • Laundry Location: Hookup - Dryer, Hookup - Washer
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Bedroom2 Level: First
  • Bedroom3 Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Composition, Fiber Cement
  • Roof: Shingle
  • Waterfront: Yes

Garage/Parking

  • Parking Driveway: Lighted, On Site

Utilities

  • Heated Sq Ft: 1000 - 1199
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2020
Closed on
Jul 27, 2020
Sold by
Davidson Family Llc
Bought by
Parrott Daniel Young and Parrott Kyllene Fox
Seller's Agent
Christopher Kuhn
RE/MAX at the Beach / Oak Island
Buyer's Agent
John Hamilton
Intracoastal Realty Corp
List Price
$539,779
Sold Price
$525,000
Premium/Discount to List
-$14,779
-2.74%
Current Estimated Value
$973,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$448,992
Avg. Annual Appreciation
12.03%
Original Mortgage
$393,750
Outstanding Balance
$349,929
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$624,063

Purchase Details

Closed on
Dec 19, 2011
Sold by
Litmer Timothy and Litmer Karen
Bought by
Davidson J Lyons

Purchase Details

Closed on
Mar 31, 2006
Sold by
Litmer Timothy
Bought by
Litmer Timothy and Litmer Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
7.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 30, 2005
Sold by
Homan Darrell Allen and Homan Tracy
Bought by
Litmer Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,700
Interest Rate
5.54%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 1, 1990
Bought by
Davidson Family Llc
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
Parrott Daniel Young $525,000 None Available
Davidson J Lyons $274,500 None Available
Litmer Timothy -- None Available
Litmer Timothy $597,000 None Available
Davidson Family Llc $34,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parrott Daniel Young $393,750
Previous Owner Litmer Timothy $552,000
Previous Owner Litmer Timothy $59,700
Previous Owner Litmer Timothy $477,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2020 08/03/20 Sold $525,000 -2.7% $477 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
06/24/2020 06/24/20 For Sale $539,779 -- $490 / 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 $3,325 $806,440 $575,000 $231,440
2024 $33 $806,440 $575,000 $231,440
2023 $2,196 $806,440 $575,000 $231,440
2022 $2,196 $384,060 $260,000 $124,060
2021 $2,166 $384,060 $260,000 $124,060
2020 $0 $384,060 $260,000 $124,060
2019 $2,174 $260,000 $260,000 $0
2018 $1,595 $274,920 $175,000 $99,920
2017 $1,595 $175,000 $175,000 $0
2016 $1,570 $175,000 $175,000 $0
2015 $1,543 $274,920 $175,000 $99,920
2014 $1,633 $314,470 $250,000 $64,470
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Christopher Kuhn

    RE/MAX

  • J

    Buyer's Agent in 2020

    John Hamilton

    Intracoastal Realty Corp

See All Agents

Map

Source: Hive MLS

MLS Number: 100219796

Hive MLS

APN: 249CB036

North Carolina Brunswick County Oak Island 28465

3205 E Beach Dr, Oak Island, NC

Not Listed for Sale

Detached

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