NOT LISTED FOR SALE

517 Fifth Ave S Unit B Kure Beach, NC 28449

Estimated Value: $503,000 - $612,000

3 Beds
2.5 Baths
1,500 Sq Ft
4,792 Sq Ft Lot

Last Sold January 25, 2024

Last sale price $540,000 $360 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,159/month

8 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Furnished
  • Carolina Beach Elementary School Rated A-
  • Main Floor Primary Bedroom
  • Covered patio or porch

About This Home

As of January 2024

Fantastic location that is walking distance to the beach and across the street from the Federal Buffer land. Enjoy extra privacy, wildlife, beautiful woodlands and magical sunsets, all while being so close to the ocean! The home offers 3 bedrooms, 2.5 baths and a great floorplan. It is SOLD furnished and turn key, so you can move right in! You'll appreciate the design of the property, as it's extra-wide, and lives / feels more like a house! Spacious open floorplan with the living, dining, open kitchen on the 1st level, and three bedrooms and two full baths on 2nd level. Bright kitchen with stainless appliances, lots of cabinet space, granite countertop and a walk-in pantry. Both floors open to expansive covered decks running the width on the building, so there is an abundance of outdoor living space for your enjoyment. What you see in the pictures is what you get! The property encompasses the entire front of the building, both front decks and the carport on the South side (carport on North side is for Unit A). And check this out...there is a large ground-level 17x12' storage / bonus room (unheated). Additionally, you have an outdoor shower to wash off the beach at the end of the day. There is covered parking for two cars, plus additional space in the driveway. Built by Alan Votta Construction, there is attention to detail and quality throughout. For extra comfort, the elevation of the pad is approximately 16ft above sea level, so flood insurance is not required (optional). There are no monthly HOA dues, current insurance is only $2,841 per year for each unit ( master policy + liability). Call for more info today!

Last Agent to Sell the Property

Justin Donaton

Coldwell Banker Sea Coast Advantage-CB License #235072 Listed on: 11/07/2023

Coldwell Banker Sea Coast Advantage-CB

Last Buyer's Agent

Pinpoint Properties

Real Broker LLC

Real Broker LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,345

Year Built

  • Built in 2004

Lot Details

  • 4,792

Parking

  • On-Site Parking

Home Design

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

Interior Spaces

  • 1,500 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Workshop
  • Attic Access Panel

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deck
  • Covered patio or porch
  • Separate Outdoor Workshop
  • Outdoor Storage

Schools

  • Carolina Beach Elementary School
  • Murray Middle School
  • Ashley High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System

Community Details

  • Property has a Home Owners Association
  • Master Insurance
  • 517 Fifth Ave South Condominiums Association, Phone Number (618) 420-7150

Listing and Financial Details

  • Assessor Parcel Number R09405-001-004-002

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,345

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 2004
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Attic: Access Only
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Tile, Wood
  • Heated Sq Ft: 1400 - 1599
  • Interior Amenities: Blinds/Shades, Ceiling Fan(s), Furnished, Pantry, Walk-in Shower, Workshop
  • Laundry Location: Room
  • List Price per Sq Ft: 399.33
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Bedrooms: 3
  • Number Rooms: 7
  • Sq Ft Heated: 1500.00
  • Total Heated Primary Separate Sq Ft: 1500.00

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Vinyl Siding
  • Exterior Structures: Storage, Workshop
  • Fencing: None
  • Foundation: Pilings, Slab
  • Porch Balcony Deck: Covered, Deck, Porch
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No

Garage/Parking

  • Parking Driveway: On Site

Utilities

  • Appliances Equipment: Dishwasher, Dryer, Microwave - Built-In, Stove/Oven - Electric, Washer
  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Forced Air, Heat Pump
  • Utilities: Municipal Sewer Available, Municipal Water Available
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Master Insure
  • HOAAssociationName: 517 Fifth Ave South Condominiums
  • HOAAssociationPhone: 6184207150

Lot Info

  • Deed Page: 770.00
  • Lot Acres: 0.11
  • Lot Dimensions: 50x100
  • Lot Sq Ft: 5000.00
  • Plat Book: 14
  • Plat Page: 194
  • Zoning: RA-2
  • Lot View Type: See Remarks

Tax Info

  • Tax Identifier: R09405-001-004-002
  • Tax Year: 2023
  • Total Real Estate Property Taxes: 2344.96

MLS Schools

  • Elementary School: Carolina Beach
  • High School: Ashley
  • Middle School: Murray

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2023
Closed on
Jan 17, 2024
Sold by
Deborah Sue Hayden Living Trust
Bought by
Schappell Richard Rahn and Zygmunt-Schappell Donna A
Seller's Agent
Justin Donaton
Coldwell Banker Sea Coast Advantage-CB
Buyer's Agent
Pinpoint Properties
Real Broker LLC
List Price
$599,000
Sold Price
$540,000
Premium/Discount to List
-$59,000
-9.85%
Total Days on Market
8
Views
21
Current Estimated Value
$557,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,266
Avg. Annual Appreciation
2.29%
Original Mortgage
$405,000
Outstanding Balance
$400,125
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$157,141

Purchase Details

Closed on
Mar 1, 2018
Sold by
Malloy Mark and Malloy Denise A
Bought by
Hayden Deborah Sue and The Deborah Sue Hayden Living Trust

Purchase Details

Closed on
Aug 25, 2005
Sold by
White Sands Development Corp Inc
Bought by
Balloy Mark and Malloy Denise A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
5.71%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 9, 2004
Sold by
Farriss William E Ii Julie G
Bought by
Alan Votta Construction Inc
Source: Public Records

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Range of Values:

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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
Schappell Richard Rahn $540,000 None Listed On Document
Hayden Deborah Sue $320,000 None Available
Balloy Mark $375,000 None Available
Alan Votta Construction Inc $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schappell Richard Rahn $405,000
Previous Owner Malloy Mark $37,500
Previous Owner Balloy Mark $300,000
Previous Owner White Sands Development Corp $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2024 01/25/24 Sold $540,000 -9.8% $360 / Sq Ft
11/22/2023 11/22/23 Pending -- -- --
11/14/2023 11/14/23 For Sale $599,000 -- $399 / 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
2023 $2,424 $327,600 $0 $327,600
2022 $2,361 $327,600 $0 $327,600
2021 $2,427 $327,600 $0 $327,600
2020 $2,399 $268,000 $0 $268,000
2019 $2,399 $278,800 $0 $278,800
2018 $2,467 $278,800 $0 $278,800
2017 $2,384 $278,800 $0 $278,800
2016 $2,508 $276,200 $0 $276,200
2015 $2,308 $276,200 $0 $276,200
2014 $2,252 $276,200 $0 $276,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100413477

Hive MLS

APN: R09405-001-004-002