NOT LISTED FOR SALE

403 Caswell Beach Rd Oak Island, NC 28465

Estimated Value: $1,843,798 - $2,222,000

5 Beds
3.5 Baths
2,399 Sq Ft
$860/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $1,160,000 $484 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $12,005/month

196 Days on Market

Highlights

  • Ocean Front
  • Ocean Side of Freeway
  • Deck
  • In Ground Pool
  • 0.5 Acre Lot
  • Furnished

About This Home

As of November 2020

OCEANFRONT 75' wide Lot WITH A POOL! It is time to reset your soul and make your way to the most desirable beach on the east coast...Caswell Beach! This beautiful home known as the Coconut Hut is the perfect combination of southern coastal living and relaxed modern style which makes this the perfect beach home and private getaway! As you make your way up the driveway, you will immediately notice how this wildly popular home stands tall and proud with the most sought after views on Caswell Beach. You will be inspired by the breathtaking views of the nearby Oak Island Lighthouse from the front deck and you have stunning views of the ocean and Bald Head Island from your oceanside porch for as far as the eyes can see! Once you make your way inside, you will be impressed with the mix of southern coastal charm and relaxed modern living! The combination of coastal colors and decor mixed with a balance of classic coastal white offers the best Island escape that you could ever imagine. This 5 bedroom, 3.5 bath home offers ocean and marsh views from each bedroom. As you stand in your newly renovated kitchen with all new white cabinets and Quartz countertops creating memories that will last a lifetime, you will have the view of the ocean to keep you anchored away from your worries. As you and your family gather at the breakfast table, you will have views of Bald Head Island and the blue waters of the Atlantic Ocean. After a day on the beach or an evening dip in your private pool, you can retreat to your oceanfront living room or to your family's dining room table that offers light from the oyster shell chandelier that hangs above to remind you of all things that are a part of the authentic beach life. In the evening, you may choose to take a seat on your front deck and watch the birds take land in your unobstructed view of the marsh or follow the beacon of light from the Oak Island Light house to your oceanfront deck that rests on top of sea oats galore

Last Agent to Sell the Property

Kathy Ross

Palm Realty, Inc. License #234933 Listed on: 03/16/2020

Last Buyer's Agent

Rob Good

BlueCoast Realty Corporation License #255278

BlueCoast Realty Corporation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,243

Year Built

  • Built in 1987

Lot Details

  • 0.5 Acre Lot
  • Property fronts a marsh
  • Ocean Front
  • Property is zoned R125

Home Design

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

Interior Spaces

  • 2,399 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Carpet
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Caswell Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 251na015

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,243

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Handicap Accessible: None
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 1987
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: None
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, See Remarks
  • Heated Sq Ft: 2200 - 2399
  • Interior Amenities: 9Ft+ Ceilings, Smoke Detectors, Walk-in Shower, Furnished, Ceiling Fan(s), Blinds/Shades
  • Laundry Location: Hookup - Dryer, Hookup - Washer
  • List Price per Sq Ft: 541.48
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Bedrooms: 5
  • Number Rooms: 9
  • Sq Ft Heated: 2399.00
  • Total Heated Primary Separate Sq Ft: 2399.00

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Vinyl Siding
  • Fencing: None
  • Foundation: Pilings
  • On Site Pool Spa: In Ground
  • Porch Balcony Deck: Covered, Open, Porch, Deck
  • Road Type Frontage: Maintained, Public (City/Cty/St), Paved
  • Roof: Architectural Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: On Site, Paved

Utilities

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

Association/Amenities

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

Schools

  • School District: Brunswick

Lot Info

  • Deed Page: 1418.00
  • Lot Acres: 0.50
  • Lot Dimensions: 75 X 187 per Brunswick County Tax Records
  • Lot Sq Ft: 21780.00
  • Lot Water Features: Ocean Side
  • Plat Book: 0000
  • Plat Page: 0000
  • Zoning: R125
  • Lot View Type: Marsh View, Water View, Ocean View

Green Features

  • Green Bldg Certify: None
  • Green Bldg Features: None

Tax Info

  • Tax Identifier: 251na015
  • Tax Year: 2020

MLS Schools

  • School District: Brunswick

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2020
Closed on
Oct 30, 2020
Sold by
Brown Bruce T and Brown Susan B
Bought by
Macyboo Llc
Seller's Agent
Kathy Ross
Palm Realty, Inc.
Buyer's Agent
Rob Good
BlueCoast Realty Corporation
List Price
$1,350,000
Sold Price
$1,160,000
Premium/Discount to List
-$190,000
-14.07%
Current Estimated Value
$2,061,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$901,950
Avg. Annual Appreciation
9.15%
Original Mortgage
$870,000
Outstanding Balance
$775,682
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$989,070

Purchase Details

Listed on
Mar 16, 2020
Closed on
Oct 23, 2020
Sold by
Durham Stephen W and Durham Kimberly T
Bought by
Brown Bruce T and Brown Susan B
Seller's Agent
Kathy Ross
Palm Realty, Inc.
Buyer's Agent
Rob Good
BlueCoast Realty Corporation
List Price
$1,350,000
Sold Price
$1,160,000
Premium/Discount to List
-$190,000
-14.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Outstanding Balance
$775,682
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$989,070

Purchase Details

Closed on
Jan 30, 2006
Sold by
Hays Dianna G
Bought by
Durham Stephen W and Durham Kimberly T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,865,000
Interest Rate
6.29%
Mortgage Type
New Conventional
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
Macyboo Llc -- None Available
Brown Bruce T $1,160,000 None Available
Durham Stephen W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Bruce T $870,000
Previous Owner Durham Stephen W $1,100,000
Previous Owner Durham Kimberly Thornley $1,865,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $1,160,000 -14.1% $484 / Sq Ft
09/28/2020 09/28/20 Pending -- -- --
03/16/2020 03/16/20 For Sale $1,350,000 -- $563 / 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 $9,243 $1,536,030 $1,200,000 $336,030
2023 $6,776 $1,536,030 $1,200,000 $336,030
2022 $6,776 $781,230 $550,000 $231,230
2021 $0 $781,230 $550,000 $231,230
2020 $6,320 $781,230 $550,000 $231,230
2019 $6,295 $564,930 $550,000 $14,930
2018 $5,779 $513,450 $500,000 $13,450
2017 $5,782 $513,450 $500,000 $13,450
2016 $5,594 $513,450 $500,000 $13,450
2015 $5,587 $713,750 $500,000 $213,750
2014 $6,149 $904,803 $750,000 $154,803
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100209505

Hive MLS

APN: 251NA015