NOT LISTED FOR SALE

358 E Second St Ocean Isle Beach, NC 28469

Estimated Value: $925,000 - $1,288,000

5 Beds
5 Baths
2,298 Sq Ft
$498/Sq Ft Est. Value

Last Sold July 13, 2020

Last sale price $515,000 $224 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $6,238/month

142 Days on Market

Highlights

  • Ocean View
  • Deck
  • Main Floor Primary Bedroom
  • Union Elementary School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of July 2020

This beautiful, well-maintained 3rd-row home boasts views of the Atlantic ocean from one side and the Intracoastal Waterway from the other. Located on the east end of Ocean Isle, it has 5 bedrooms, each with a private bath, plus a large kitchen and dining area. Enjoy a cup of coffee or watch the sunset from the front deck. The location is perfect: just steps to the beach, where it's never crowded, even in peak vacation season. Two owners since new, only rented two seasons. Major upfits in 2016: roof, siding, HVAC, deck/railings, new bedroom furniture (including 2 King beds) and kitchen fully-stocked with all appliances. Also has outdoor, enclosed hot/cold shower, new HE washer/dryer, new flat-screen TVs in all bedrooms and family room. Home has always been no smoking and no pets. Excellent investment opportunity as vacation rental; sleeps approx 13. Property is within reclassified, more favorable flood zone: current annual flood premium is $545 (previously $4711).

Last Agent to Sell the Property

Susan Ayers

HomeZu License #216309 Listed on: 01/29/2020

Last Buyer's Agent

Susan Ayers

HomeZu License #216309 Listed on: 01/29/2020

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1996

Lot Details

  • 5,227 Sq Ft Lot
  • Open Lot
  • Property is zoned OI-R-1

Property Views

  • Ocean
  • Intracoastal

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Aluminum Siding
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 2,298 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Thermal Windows
  • Family Room
  • Formal Dining Room

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 5 Full Bathrooms

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • Dirt Driveway
  • Paved Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 244nc012

Home Details

Home Type

Single Family

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 1996
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Formal
  • Fireplace: None
  • Flooring: Carpet, Wood
  • Heated Sq Ft: 2200 - 2399
  • Interior Amenities: 1st Floor Master, Smoke Detectors, Ceiling Fan(s)
  • Laundry Location: Closet, Hall
  • List Price per Sq Ft: 232.77
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 5
  • Total Bathrooms: 5.00
  • Bedrooms: 5
  • Bedroom 1 Level: Main
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Upper
  • Bedroom 4 Level: Upper
  • Dining Room Level: Main
  • Family Room Level: Main
  • Kitchen Level: Main
  • Primary Bedroom Level: Main
  • Sq Ft Heated: 2298.00
  • Total Heated Primary Separate Sq Ft: 2298.00

Exterior Features

  • Exterior Features: Storm Doors, Thermal Windows
  • Exterior Finish: Aluminum Siding, Vinyl Siding
  • Fencing: None
  • Foundation: Pilings
  • Porch Balcony Deck: Covered, See Remarks, Porch, Deck
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Composition
  • Waterfront: No
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Dirt, Paved

Utilities

  • Appliances Equipment: Dishwasher, Refrigerator, Washer, Stove/Oven - Electric, See Remarks, Microwave - Built-In, Dryer, Disposal
  • Cooling System: Central, Zoned
  • Fuel Tank: None
  • Heating System: Heat Pump, Zoned
  • Utilities: Municipal Sewer, Municipal Sewer Available
  • Water Heater: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: See Remarks

Lot Info

  • Deed Page: 455.00
  • Lot Acres: 0.12
  • Lot Description: Open
  • Lot Dimensions: 00x00
  • Lot Number: 19
  • Lot Sq Ft: 5227.00
  • Lot Water Features: Second Row
  • Zoning: OI-R-1
  • Lot View Type: ICW View, Ocean View

Tax Info

  • Tax Identifier: 244nc012
  • Tax Year: 2018

MLS Schools

  • Elementary School #2: Other
  • High School2: Other
  • Middle School2: Other
  • School District: Brunswick

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2020
Closed on
Jul 13, 2020
Sold by
Pasture Management Systems Inc
Bought by
Vanhoy William P
Seller's Agent
Susan Ayers
HomeZu
Buyer's Agent
Susan Ayers
HomeZu
List Price
$534,900
Sold Price
$515,000
Premium/Discount to List
-$19,900
-3.72%
Current Estimated Value
$1,144,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$629,188
Avg. Annual Appreciation
15.65%
Original Mortgage
$463,500
Outstanding Balance
$411,001
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$733,187

Purchase Details

Listed on
Apr 12, 2014
Closed on
Oct 7, 2016
Sold by
Funderburk Maxie G and Funderburk Ellen L
Bought by
Pasture Management Systems Inc
Seller's Agent
Linda Register
Intracoastal Realty
Buyer's Agent
Linda Register
Intracoastal Realty
List Price
$559,000
Sold Price
$417,800
Premium/Discount to List
-$141,200
-25.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%
Original Mortgage
$300,000
Interest Rate
3.46%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 1, 1996
Bought by
Funderburk Maxie G Et Ellen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vanhoy William P $515,000 None Available
Pasture Management Systems Inc $418,000 None Available
Funderburk Maxie G Et Ellen $47,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanhoy William P $463,500
Previous Owner Pasture Management Systems Inc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/13/2020 07/13/20 Sold $515,000 -3.7% $224 / Sq Ft
06/19/2020 06/19/20 Pending -- -- --
01/29/2020 01/29/20 For Sale $534,900 +28.0% $233 / Sq Ft
10/14/2016 10/14/16 Sold $417,800 -25.3% $190 / Sq Ft View Prior Sale
08/03/2016 08/03/16 Pending -- -- --
04/12/2014 04/12/14 For Sale $559,000 -- $254 / 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 $3,133 $775,470 $275,000 $500,470
2024 $3,133 $775,470 $275,000 $500,470
2023 $3,141 $775,470 $275,000 $500,470
2022 $2,793 $478,910 $160,000 $318,910
2021 $2,671 $468,240 $160,000 $308,240
2020 $2,594 $453,080 $160,000 $293,080
2019 $2,573 $160,490 $160,000 $490
2018 $2,444 $150,490 $150,000 $490
2017 $2,285 $150,490 $150,000 $490
2016 $2,235 $150,490 $150,000 $490
2015 $2,235 $419,540 $150,000 $269,540
2014 $2,059 $420,040 $250,000 $170,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100201817

Hive MLS

APN: 244NC012