NOT LISTED FOR SALE

3401 Ocean Dr Unit E Emerald Isle, NC 28594

Estimated Value: $875,000 - $1,209,000

4 Beds
4 Baths
1,925 Sq Ft
958 Sq Ft Lot

Last Sold August 19, 2020

Last sale price $725,000 $377 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,785/month

36 Days on Market

Highlights

  • Ocean Front
  • Ocean Side of Freeway
  • Furnished
  • White Oak Elementary School Rated A-
  • Deck
  • Covered Patio or Porch

About This Home

As of August 2020

Exceptional Investment Opportunity. This is your chance to own a piece of paradise and generate a substantial amount of capital in the process. This property has an annual gross revenue of $94,000 with over 25% of the renters returning year after year. This meticulously maintained, ocean front property is being sold fully furnished (excluding select artwork) and boasts 4 spacious bedrooms and 4 full bathrooms. There is also a bonus room which is currently being used as a 5th bedroom, complete with bathroom and wardrobe. The main level is where you will find the living and dining rooms, kitchen, bedroom 1, a full bath as well as a laundry area. This area is ideal for entertaining and the ocean views are breathtaking. The second level is where you will find bedrooms 2-4 including the master suite and bathroom number 3. The third level bonus/bedroom 5 rounds out the interior and also has a full bath. Updates include granite countertops, newer flooring, newer roof and brand new HVAC system. On the outside, there are decks with ocean views at every level, an abundance of storage, an outdoor shower and walkway to the beach. Rental bookings are already full for 2020!!!

Last Agent to Sell the Property

Crista Austin

RE/MAX Homestead Swansboro License #351250 Listed on: 05/29/2020

Co-Listed By

Andrew Austin

RE/MAX Homestead Swansboro License #314181

Last Buyer's Agent

Linda Shingleton

CENTURY 21 Coastland Realty License #126140

CENTURY 21 Coastland Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $36

Year Built

  • Built in 1996

Lot Details

  • Ocean Front
  • Irrigation

Home Design

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

Interior Spaces

  • 1,925 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Ocean Views

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Home Security

Parking

  • 5 Parking Spaces
  • 2 Attached Carport Spaces
  • Driveway
  • Paved Parking

Outdoor Features

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • On Site Septic
  • Septic Tank

Community Details

  • Property has a Home Owners Association
  • Fire and Smoke Detector

Listing and Financial Details

  • Assessor Parcel Number 6314.13.12.6669000

Property Details

Home Type

Condominium

Est. Annual Taxes

$36

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Handicap Accessible: None
  • New Construction: No
  • Stories: 3.0
  • Stories Levels: 3 Story or More
  • Year Built: 1996
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Attic: None
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Vinyl, LVT/LVP
  • Heated Sq Ft: 1800 - 1999
  • Interior Amenities: Blinds/Shades, Smoke Detectors, Walk-in Shower, Furnished, Ceiling Fan(s)
  • Laundry Location: Hall, Hookup - Washer, Hookup - Dryer
  • List Price per Sq Ft: 389.61
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Bedrooms: 4
  • Number Rooms: 8
  • Sq Ft Heated: 1925.00
  • Total Heated Primary Separate Sq Ft: 1925.00

Exterior Features

  • Exterior Features: Irrigation System, Outdoor Shower
  • Exterior Finish: Composition, Fiber Cement
  • Exterior Structures: Shower, Storage
  • Fencing: None
  • Foundation: Pilings, Slab
  • Porch Balcony Deck: Balcony, Open, Covered, Deck
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Architectural Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Attached Carport Spaces: 2.00
  • Garage And Parking Driveway Spaces: 5.00
  • Total Carport Spaces: 2.00
  • Parking Driveway: Carport, Paved

Utilities

  • Appliances Equipment: Dishwasher, Washer, Stove/Oven - Electric, Refrigerator, Microwave - Built-In, Dryer
  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Carteret-Craven Electric Cooperative
  • Service Providers Water Provider: Bogue Banks Water Corp
  • Utilities: Community Water, Septic On Site
  • Water Heater: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: No Amenities

Schools

  • School District: Carteret

Lot Info

  • Deed Page: 250.00
  • Lot Dimensions: 75x260x75x257 (for entire duplex)
  • Lot Water Features: Ocean Side
  • Plat Book: 10Q
  • Plat Page: 934
  • Zoning: R2
  • Lot View Type: Ocean View, Water View

Rental Info

  • Rental Income Gross Rental Income: 94000.00

Tax Info

  • Tax Identifier: 6314.13.12.6669000
  • Tax Year: 2019

MLS Schools

  • School District: Carteret

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2020
Sold by
Ross Donald F and Ross Marjorie D
Bought by
Merz Michael Kurt and Liu Amy
Current Estimated Value
$1,061,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2020
Sold by
Merz Michael Kurt and Liu Amy
Bought by
3401 Ocean Drive E Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 29, 2020
Closed on
Aug 10, 2020
Sold by
Hale Alan C and Hale Angela C
Bought by
Merz Michael Kurt and Liu Amy
Seller's Agent
Crista Austin
RE/MAX Homestead Swansboro
Buyer's Agent
Linda Shingleton
CENTURY 21 Coastland Realty
List Price
$750,000
Sold Price
$725,000
Premium/Discount to List
-$25,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.25%
Original Mortgage
$510,400
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2003
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
Merz Michael Kurt $740,000 None Available
3401 Ocean Drive E Llc -- Accommodation
Merz Michael Kurt $725,000 None Available
-- $530,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merz Michael Kurt $592,000
Previous Owner Merz Michael Kurt $510,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2020 08/19/20 Sold $725,000 -3.3% $377 / Sq Ft
07/04/2020 07/04/20 Pending -- -- --
05/29/2020 05/29/20 For Sale $750,000 -- $390 / 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 $36 $580,320 $0 $580,320
2023 $3,473 $580,320 $0 $580,320
2022 $3,395 $580,320 $0 $580,320
2021 $3,327 $580,320 $0 $580,320
2020 $3,317 $580,320 $0 $580,320
2019 $1,677 $536,000 $0 $536,000
2017 $1,677 $536,000 $0 $536,000
2016 $1,677 $536,000 $0 $536,000
2015 $1,623 $536,000 $0 $536,000
2014 $2,104 $696,200 $0 $696,200
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Crista Austin

    RE/MAX

  • A

    Seller Co-Listing Agent in 2020

    Andrew Austin

    RE/MAX

  • L

    Buyer's Agent in 2020

    Linda Shingleton

    CENTURY 21 Coastland Realty

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Map

Source: Hive MLS

MLS Number: 100219647

Hive MLS

APN: 6314.13.12.6669000

North Carolina Carteret County Emerald Isle 28594

3401 Ocean Dr Unit E, Emerald Isle, NC

This home is located at 3401 Ocean Dr Unit E, Emerald Isle, NC 28594 since 29 May 2020 and is currently estimated at $1,061,156, approximately $551 per square foot. This property was built in 1996. 3401 Ocean Dr Unit E is a home located in Carteret County with nearby schools including White Oak Elementary School, Broad Creek Middle School, and Croatan High School.

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Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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