NOT LISTED FOR SALE

5203 Ocean Dr Emerald Isle, NC 28594

Estimated Value: $1,594,000 - $2,811,000

6 Beds
5 Baths
3,800 Sq Ft
$589/Sq Ft Est. Value

Last Sold January 27, 2017

Last sale price $1,170,000 $308 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $12,525/month

168 Days on Market

Highlights

  • Ocean Front
  • Spa
  • Main Floor Primary Bedroom
  • White Oak Elementary School Rated A-
  • Deck
  • 1 Fireplace

About This Home

As of January 2017

Beautiful oceanfront home with spacious rooms and a floor plan made for entertaining family and friends in comfort and style. Two large oceanfront Master suites, lots of covered and open decking. Elevation is high affording fantastic views. Entertaining spaces under home for added fun. Ocean side pool could be put in with proper permitting. Adding an elevator is a possibility . Home has a steady rental income history with 2016 over 106k. Turn day is Saturday

Last Listed By

Judith O'Neill

Spinnaker's Reach License #149571 Listed on: 07/05/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,921

Year Built

  • Built in 2001

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 75x240x75x240
  • Ocean Front
  • Open Lot
  • Property is zoned R2

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Piling Construction
  • Stick Built Home
  • Composite Building Materials

Interior Spaces

  • 3,800 Sq Ft Home
  • 3-Story Property
  • Furnished
  • 1 Fireplace
  • Combination Dining and Living Room
  • Water Views
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Spa
  • Deck
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Heat Pump System
  • Gas Tank Leased
  • Propane
  • Electric Water Heater
  • Fuel Tank
  • On Site Septic
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 6304.19.61.5458000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,921

Year Built

Built in 2001

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: 3.0
  • Stories Levels: 3 Story or More
  • Year Built: 2001
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: 1
  • Flooring: Carpet, Tile
  • Heated Sq Ft: 3500 - 3999
  • Interior Amenities: Furnished, Smoke Detectors, Hot Tub
  • List Price per Sq Ft: 341.84
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 5
  • Total Bathrooms: 5.00
  • Bedrooms: 6
  • Number Rooms: 9
  • Sq Ft Heated: 3800.00
  • Total Heated Primary Separate Sq Ft: 3800.00

Exterior Features

  • Exterior Finish: Composition
  • Fencing: None
  • Foundation: Pilings
  • On Site Pool Spa: Hot Tub
  • Porch Balcony Deck: Deck, Porch
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Paved

Utilities

  • Cooling System: Central, Zoned
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: Gas, Propane Above Ground
  • Fuel Tank Ownership: Leased
  • Heating System: Heat Pump, Zoned
  • Utilities: Municipal Water, Septic On Site
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No

Schools

  • School District: Carteret

Lot Info

  • Deed Page: 366.00
  • Lot Acres: 0.41
  • Lot Description: Open
  • Lot Dimensions: 75x240x75x240
  • Lot Number: 14
  • Lot Sq Ft: 17990.00
  • Plat Book: 9.00
  • Plat Page: 5
  • Zoning: R2

Rental Info

  • Rental Income Gross Rental Income: 106000.00
  • Annual Gross Rental Income Collected: 2016

Tax Info

  • Tax Identifier: 6304.19.61.5458000
  • Tax Year: 2015
  • Total City Real Estate Property Tax: 2464.81
  • Total Real Estate Property Taxes: 5921.06

MLS Schools

  • School District: Carteret

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2016
Closed on
Jan 27, 2017
Sold by
Morrison Thomas and Morrison Valerie
Bought by
Price Mark and Henderson Katherine
Seller's Agent
Judith O'Neill
Spinnaker's Reach
Buyer's Agent
Phyllis Howard
Emerald Isle Realty
List Price
$1,450,000
Sold Price
$1,170,000
Premium/Discount to List
-$280,000
-19.31%
Total Days on Market
168
Current Estimated Value
$2,236,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,066,757
Avg. Annual Appreciation
8.08%
Original Mortgage
$850,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2004

Purchase Details

Closed on
Apr 22, 2004

Purchase Details

Closed on
Dec 31, 2003

Purchase Details

Closed on
Jul 24, 2002

Purchase Details

Closed on
Sep 29, 2000

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
Price Mark $1,170,000 None Available
-- $1,395,000 --
-- -- --
-- -- --
-- $995,000 --
-- $355,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Price Mark $785,000
Closed Price Mark $811,000
Closed Price Mark $850,000
Previous Owner Morrison Thomas $1,133,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2017 01/27/17 Sold $1,170,000 -19.3% $308 / Sq Ft
12/20/2016 12/20/16 Pending -- -- --
07/05/2016 07/05/16 For Sale $1,450,000 -- $382 / 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 $65 $1,117,555 $693,135 $424,420
2023 $6,401 $1,117,555 $693,135 $424,420
2022 $6,269 $1,117,555 $693,135 $424,420
2021 $6,147 $1,117,555 $693,135 $424,420
2020 $6,137 $1,117,555 $693,135 $424,420
2019 $3,556 $1,142,309 $683,640 $458,669
2017 $3,556 $1,142,309 $683,640 $458,669
2016 $3,556 $1,142,309 $683,640 $458,669
2015 $3,456 $1,142,309 $683,640 $458,669
2014 $3,557 $1,175,804 $649,080 $526,724
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100019634

Hive MLS

APN: 6304.19.61.5458000