342 E First St Ocean Isle Beach, NC 28469
4
Beds
2
Baths
1,401
Sq Ft
6,000
Sq Ft Lot
Highlights
- Ocean Front
- Deck
- Furnished
- Union Elementary School Rated A-
- Main Floor Primary Bedroom
- No HOA
About This Home
As of May 2020BEST BUY!Short Sale.Fabulous Ocean Front cottage Great conditon.Over 49,000+ in 2012 rental revenue,way under appraised value.Comes very close to cash flowing itself. You will fall in love with cottage the minute you step onto the BIG rocking chair porch.The BEST priced oceanfront home on OIB.Big beautiful sand dunes covered in Sea Oats awaiting your first step on our sugar white beach.Step off your private boardwalk to the ocean. Ocean Isle Beach is Known as the Gem of the Brunswick Islands. Located between Wilmington, N.C. (North)and Myrtle Beach, S.C.,(South) both International airports only 45 min. away. The beach runs east to west,offers a fishing pier, public boat launch, great restaurants,& direct access to the Intracoastal Waterway. 300 golf courses within 10-45 minutes away. Home
Last Agent to Sell the Property
Martha Lee Realty Co LLC - OIB License #20785 Listed on: 02/01/2011
Last Buyer's Agent
Edward Malone
Martha Lee Realty Co LLC - OIB
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,343
Year Built
- Built in 1973
Lot Details
- 6,000 Sq Ft Lot
- Lot Dimensions are 40x150
- Ocean Front
Home Design
- Slab Foundation
- Shingle Roof
- Wood Siding
- Piling Construction
- Stick Built Home
Interior Spaces
- 1,401 Sq Ft Home
- 1.5-Story Property
- Furnished
- Ceiling Fan
- Blinds
- Dining Room
- Ocean Views
Kitchen
- Built-In Microwave
- Dishwasher
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Porch
Utilities
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 19
- Assessor Parcel Number 107516936153
Community Details
Overview
- No Home Owners Association
- Ocean Isle Beach Island Subdivision
Security
- Security Lighting
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 21, 2019
Closed on
Apr 8, 2020
Sold by
Chapman Francis Scott Mills and Chapman Kathleen Arnold
Bought by
Packer Thomas and Packer Leslie
Seller's Agent
Frances Warner
Coldwell Banker Sea Coast Advantage
Buyer's Agent
John Kilian
RE/MAX at the Beach / Holden Beach
List Price
$725,000
Sold Price
$662,500
Premium/Discount to List
-$62,500
-8.62%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,848
Avg. Annual Appreciation
8.54%
Original Mortgage
$530,000
Outstanding Balance
$476,207
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$543,454
Purchase Details
Listed on
Mar 10, 2016
Closed on
Jun 23, 2016
Sold by
Baker David J
Bought by
Chapman Francis Scott Mills and Chapman Kathleen Arnold
Seller's Agent
Stuart Cooke
Cooke Realty
Buyer's Agent
Edwina St. Pierre
Intracoastal Realty
List Price
$624,900
Sold Price
$575,000
Premium/Discount to List
-$49,900
-7.99%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.76%
Original Mortgage
$417,000
Interest Rate
3.66%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 1, 2011
Closed on
Apr 8, 2013
Sold by
Reinhalter Steven E and Reinhalter Linda V
Bought by
Baker David J and Baker Mary L
Seller's Agent
Martha Lee
Martha Lee Realty Co LLC - OIB
Buyer's Agent
Edward Malone
Martha Lee Realty Co LLC - OIB
List Price
$875,000
Sold Price
$525,000
Premium/Discount to List
-$350,000
-40%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.87%
Original Mortgage
$405,000
Interest Rate
3.52%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 19, 2005
Sold by
Coleman Elliott W and Coleman Tracy T
Bought by
Reinhalter Steven E and Reinhalter Linda V
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
5.57%
Mortgage Type
Credit Line Revolving
Similar Homes in Ocean Isle Beach, NC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $662,500 | None Available | |
| Warranty Deed | $575,000 | None Available | |
| Warranty Deed | $525,000 | None Available | |
| Warranty Deed | $700,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $530,000 | New Conventional | |
| Previous Owner | $417,000 | New Conventional | |
| Previous Owner | $405,000 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $70,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2020 05/01/20 | Sold | $662,500 | -8.6% | $436 / Sq Ft |
| 03/26/2020 03/26/20 | Pending | -- | -- | -- |
| 11/21/2019 11/21/19 | For Sale | $725,000 | +26.1% | $477 / Sq Ft |
| 07/01/2016 07/01/16 | Sold | $575,000 | -8.0% | $442 / Sq Ft |
| 05/17/2016 05/17/16 | Pending | -- | -- | -- |
| 03/10/2016 03/10/16 | For Sale | $624,900 | +19.0% | $480 / Sq Ft |
| 04/15/2013 04/15/13 | Sold | $525,000 | -40.0% | $375 / Sq Ft |
| 04/12/2013 04/12/13 | Pending | -- | -- | -- |
| 02/01/2011 02/01/11 | For Sale | $875,000 | -- | $625 / Sq Ft |
Source: Hive MLS
Tax History Compared to Growth
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 | $3,084 | $843,330 | $640,000 | $203,330 |
| 2023 | $2,986 | $843,330 | $640,000 | $203,330 |
| 2022 | $2,986 | $574,450 | $460,000 | $114,450 |
| 2021 | $3,014 | $574,450 | $460,000 | $114,450 |
| 2020 | $2,981 | $574,450 | $460,000 | $114,450 |
| 2019 | $2,966 | $468,330 | $460,000 | $8,330 |
| 2018 | $2,978 | $498,300 | $494,000 | $4,300 |
| 2017 | $2,931 | $498,300 | $494,000 | $4,300 |
| 2016 | $2,905 | $498,300 | $494,000 | $4,300 |
| 2015 | $2,906 | $576,930 | $468,000 | $108,930 |
| 2014 | $2,338 | $505,652 | $408,000 | $97,652 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2020
Frances Warner
Coldwell Banker Sea Coast Advantage
(910) 233-7030
179 in this area
343 Total Sales
-
Buyer's Agent in 2020
John Kilian
RE/MAX
(910) 880-2087
4 in this area
81 Total Sales
-
S
Seller's Agent in 2016
Stuart Cooke
Cooke Realty
-
E
Buyer's Agent in 2016
Edwina St. Pierre
Intracoastal Realty
-
Seller's Agent in 2013
Martha Lee
Martha Lee Realty Co LLC - OIB
(910) 471-7236
36 in this area
99 Total Sales
-
E
Buyer's Agent in 2013
Edward Malone
Martha Lee Realty Co LLC - OIB
Map
Source: Hive MLS
MLS Number: 20654373
APN: 244NJ018
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