NOT LISTED FOR SALE

3505 Ocean Dr Unit W Emerald Isle, NC 28594

Estimated Value: $1,040,000 - $1,103,000

4 Beds
4 Baths
1,952 Sq Ft
$546/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $710,500 $364 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $5,932/month

122 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Ocean Front
  • Deck
  • White Oak Elementary School Rated A-
  • Ocean Side of Freeway
  • Furnished

About This Home

As of December 2020

UPDATE: The living area will begin the updating process shortly with new kitchen cabinets, granite and Samsung stainless steel appliances, and LVP flooring. See the samples at the house. Ocean front doesn't get much better than this with the expansive views this home has!! Imagine opening your eyes in the morning to the amazing Atlantic Ocean right outside your window! This half duplex would make an excellent full time home or super investment property. Plenty of room for all with 4 bathrooms, 2 ocean front master suites and 2 other bedrooms, one of which is on the first floor. Both of those have their own ocean view deck. There is also a bonus room that is currently being used as a bedroom. There is really great outdoor space under the house. Add a picnic table or a tiki bar for those rainy days! Owners only rent from Memorial Day through the last week of September. Definitely much more rental income possible. Many people love to vacation at this house so much they come back year after year. Very well maintained with newly painted exterior, 2018 roof, and newer HVAC units. This property was converted from a condo to a town home so owners can have more autonomy with insurance, etc. Carteret County is known as the Crystal Coast for a reason. Come, you won't be disappointed!

Last Agent to Sell the Property

Kathy Perry

Emerald Isle Realty License #223808 Listed on: 06/06/2020

Last Buyer's Agent

Kathy Perry

Emerald Isle Realty License #223808 Listed on: 06/06/2020

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,860

Year Built

  • Built in 1995

Lot Details

  • Lot Dimensions are 75 x 241
  • Ocean Front

Home Design

  • Wood Frame Construction
  • Architectural Shingle Roof
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 1,952 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Thermal Windows
  • Blinds
  • Combination Dining and Living Room
  • Ocean Views

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Ocean Side of Freeway
  • Deck

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Electric Water Heater
  • On Site Septic
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 6314.13.12.2556000

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,860

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Townhouse
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 3.0
  • Stories Levels: Two
  • Year Built: 1995
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Vinyl
  • Heated Sq Ft: 1800 - 1999
  • Interior Amenities: Blinds/Shades, Furnished, Ceiling Fan(s)
  • List Price per Sq Ft: 371.41
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Bedrooms: 4
  • Sq Ft Heated: 1952.00
  • Total Heated Primary Separate Sq Ft: 1952.00

Exterior Features

  • Exterior Features: Thermal Windows
  • Exterior Finish: Fiber Cement
  • Fencing: None
  • Foundation: Pilings
  • On Site Pool Spa: None
  • Porch Balcony Deck: Deck
  • Road Type Frontage: Paved
  • Roof: Architectural Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Garage And Parking Other See Remarks: Under house parking
  • Parking Driveway: Paved

Utilities

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

Association/Amenities

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

Lot Info

  • Deed Page: 42.00
  • Lot Acres: 0.42
  • Lot Dimensions: 75 X 241
  • Lot Sq Ft: 18150.00
  • Lot Water Features: Deeded Waterfront, Ocean Side
  • Zoning: Residential
  • Lot View Type: Ocean View

Tax Info

  • Tax Identifier: 6314.13.12.2556000
  • Tax Year: 2019
  • Total City Real Estate Property Tax: 1245.81
  • Total Real Estate Property Taxes: 2859.80

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2020
Closed on
Dec 1, 2020
Sold by
Irby William and Irby Linda Grinels
Bought by
Hennen Timothy M and Hennen Parim M
Seller's Agent
Kathy Perry
Emerald Isle Realty
Buyer's Agent
Kathy Perry
Emerald Isle Realty
List Price
$725,000
Sold Price
$710,500
Premium/Discount to List
-$14,500
-2%
Current Estimated Value
$1,066,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,132
Avg. Annual Appreciation
8.66%
Original Mortgage
$129,050
Outstanding Balance
$114,914
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$951,718

Purchase Details

Closed on
Sep 18, 2017
Sold by
Irby William and Irby Linda G
Bought by
Irby William and Irby Linda Grinels

Purchase Details

Closed on
Nov 1, 2002
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
Hennen Timothy M $700,000 None Available
Irby William -- None Available
-- $417,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hennen Timothy M $129,050
Open Hennen Timothy M $510,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2020 12/07/20 Sold $710,500 -2.0% $364 / Sq Ft
10/06/2020 10/06/20 Pending -- -- --
06/06/2020 06/06/20 For Sale $725,000 -- $371 / 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 $4,185 $1,065,990 $0 $1,065,990
2024 $4,131 $685,030 $0 $685,030
2023 $4,338 $685,030 $0 $685,030
2022 $4,230 $685,030 $0 $685,030
2021 $4,141 $685,030 $0 $685,030
2020 $4,121 $685,030 $0 $685,030
2019 $1,591 $508,250 $0 $508,250
2017 $1,591 $508,250 $0 $508,250
2016 $1,591 $508,250 $0 $508,250
2015 $1,566 $508,250 $0 $508,250
2014 $2,016 $660,100 $0 $660,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100221056

Hive MLS

APN: 6314.13.12.2556000