NOT LISTED FOR SALE

5218 E Beach Dr Oak Island, NC 28465

Estimated Value: $1,253,000 - $1,527,000

4 Beds
3.5 Baths
2,184 Sq Ft
$641/Sq Ft Est. Value

Last Sold July 10, 2020

Last sale price $720,000 $330 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $7,700/month

147 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • In Ground Pool
  • Southport Elementary School Rated 9+
  • Fitness Center
  • Ocean Side of Freeway

About This Home

As of July 2020

RARE opportunity to purchase a ''like New'' second row home with 4 bedrooms 3.5 baths, swimming pool, elevator, extensive ocean views & you do NOT have to honor any rental reservations as this is used for primary residence so you may rent or choose to use for yourself. Would you like to collect rent money right away; the owner is willing to rent back if you would like and local rental company projects $70,000+ for the year as a vacation rental. Recent appraisal and home inspection has been performed. This location is ideal for year round living as this owner has been fortunate to do since purchasing from developer, or produce rental income with projection anticipated at $70k+ based upon similar size home next door. Lots of upgrades including metal roof, granite counters, on demand tankless water heater, and hurricane impact resistant windows, real sand and finish hardwood flooring throughout with ceramic tile in baths & tiled showers. Sit on one of the double porches and enjoy the unobstructed ocean views. Low cost flood insurance available, but not carried by current owner. This home is priced below tax assessed value and expected to sell quickly. Seller will include most furniture or take; whatever you prefer. Over-sized lot has room for volleyball court or outdoor kitchen. Large fenced area for the pups to play when not frolicking on the beach. Convenient to shopping & restaurants. Are you ready for BEACH life? The town of Oak Island offers numerous amenities such as golf, tennis, basketball, splash pad, dog park, picnic area, boat launches & public docks & water accesses yet NO hoa fees! Home has appraised & copy of report available.

Last Agent to Sell the Property

Kim Anderson

Art Skipper Realty Inc. License #142880 Listed on: 01/07/2020

Last Buyer's Agent

Van Coley

Berkshire Hathaway HomeServices Carolina Premier Properties License #241836

Berkshire Hathaway HomeServices Carolina Premier Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2017

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 50 x 191.25 x 52.31 x 206.02
  • Vinyl Fence
  • Irrigation
  • Property is zoned R7

Home Design

  • Reverse Style Home
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 2,184 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Thermal Windows
  • Double Pane Windows
  • Blinds
  • Combination Dining and Living Room
  • Ocean Views
  • Attic Access Panel

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Walk-in Shower

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Fire and Smoke Detector

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Ocean Side of Freeway
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Tankless Water Heater

Additional Features

  • Accessible Elevator Installed
  • Energy-Efficient Doors

Listing and Financial Details

  • Assessor Parcel Number 249dd007

Community Details

Overview

  • No Home Owners Association

Amenities

  • Picnic Area
  • Restaurant

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Appliances Equipment: Dishwasher, Stove/Oven - Electric, Washer, Refrigerator, Microwave - Built-In, Dryer
  • Auction: No
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Cooling System: Central
  • Deed Page: 330.00
  • Directions To Property: Oak Island Drive. Take right on 58th street that curves around to East Beach. Property will be on your right.
  • Document Count: 7
  • Fencing: Vinyl
  • Fireplace: None
  • Foundation: Pilings
  • Fuel Tank: None
  • Green Bldg Features: Energy Star Appl, Tankless Water Heater
  • Handicap Accessible: Elevator
  • High School2: Early College
  • H O A: No
  • H O Aand Neighborhood Amenities: Basketball Court, Picnic Area, Trail(s), Tennis Court(s), Street Lights, Sewer, Restaurant, Playground, Fitness Center, Golf Course
  • Listing I D: 100198684
  • List Priceper Sq Ft: 334.20
  • Location Type: Island
  • Lot Acres: 0.23
  • Lot Dimensions: 50 X 191.25 X 52.31 X 206.02
  • Lot Sq Ft: 10019.00
  • Lot Water Features: Ocean Side, Second Row
  • Marketing City: Oak Island
  • M L S Approved: Y
  • New Construction: No
  • Porch Balcony Deck: Covered, Porch
  • Pre Direction: E
  • Prospect Exempt: No
  • Road Type Frontage: Maintained, Public (City/Cty/St), Paved
  • Secondary Subdivision: N/A
  • Sign On Property: Yes
  • Sq Ft Heated: 2184.00
  • State Province: NC
  • Stipulation Of Sale: None
  • Stories: 2.0
  • Stories Levels: Two
  • Subdivision: Not In Subdivision
  • Tax Identifier: 249dd007
  • Tax Year: 2019
  • Terms: Cash, VA Loan, FHA, Conventional
  • Total Heated Primary Separate Sq Ft: 2184.00
  • Water Heater: Tankless
  • Waterview: Yes
  • Year Built: 2017
  • Zoning: R7
  • Lot View Type: Ocean View, Water View
  • Home Warranty Termite: Termite Bond
  • Home Warranty Termite Company: Mannings
  • Home Warranty Termite Company Phone: 910-457-5289
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Access Only
  • Dining Room Type: Combination
  • Flooring: Tile, Wood
  • Interior Amenities: 1st Floor Master, Reverse Floor Plan, Walk-In Closet, Walk-in Shower, Smoke Detectors, Elevator, Pantry, Furnished, Ceiling Fan(s), Blinds/Shades
  • Laundry Location: Closet
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Bedrooms: 4

Exterior Features

  • Exterior Features: DP50 Windows, Storm Windows, Thermal Windows, Thermal Doors, Outdoor Shower, Irrigation System
  • Exterior Finish: Vinyl Siding
  • Exterior Structures: Shower
  • On Site Pool Spa: In Ground
  • Roof: Metal
  • Waterfront: No

Garage/Parking

  • Parking Driveway: On Site, Paved

Utilities

  • Heated Sq Ft: 2000 - 2199
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2020
Closed on
Jun 25, 2020
Sold by
Clark Debra T
Bought by
Faison William Scott and Mason Faison Lisa
Seller's Agent
Kim Anderson
Art Skipper Realty Inc.
Buyer's Agent
Van Coley
Berkshire Hathaway HomeServices Carolina Premier Properties
List Price
$729,900
Sold Price
$720,000
Premium/Discount to List
-$9,900
-1.36%
Current Estimated Value
$1,399,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$679,527
Avg. Annual Appreciation
12.87%
Original Mortgage
$510,400
Outstanding Balance
$452,589
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$946,938

Purchase Details

Listed on
Feb 7, 2017
Closed on
Oct 3, 2017
Sold by
Cs Investment Group Llc
Bought by
Clark Debra T
Seller's Agent
Kim Anderson
Art Skipper Realty Inc.
Buyer's Agent
Pinckie Robinson
Intracoastal Realty Corp
List Price
$665,000
Sold Price
$653,500
Premium/Discount to List
-$11,500
-1.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.57%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Faison William Scott $720,000 None Available
Clark Debra T $653,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faison William Scott $510,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/10/2020 07/10/20 Sold $720,000 -1.4% $330 / Sq Ft
06/02/2020 06/02/20 Pending -- -- --
01/07/2020 01/07/20 For Sale $729,900 +11.7% $334 / Sq Ft
10/05/2017 10/05/17 Sold $653,500 -1.7% $305 / Sq Ft View Prior Sale
09/30/2017 09/30/17 Pending -- -- --
02/07/2017 02/07/17 For Sale $665,000 -- $310 / 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 $4,665 $1,116,610 $445,000 $671,610
2024 $47 $1,116,610 $445,000 $671,610
2023 $4,398 $1,116,610 $445,000 $671,610
2022 $4,398 $769,080 $225,000 $544,080
2021 $4,338 $769,080 $225,000 $544,080
2020 $4,288 $769,080 $225,000 $544,080
2019 $4,288 $261,380 $225,000 $36,380
2018 $3,316 $205,880 $170,000 $35,880
2017 $2,234 $170,000 $170,000 $0
2016 $1,795 $340,000 $340,000 $0
2015 $1,795 $340,000 $340,000 $0
2014 $1,651 $340,000 $340,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Kim Anderson

    Seller's Agent in 2020

    Kim Anderson

    Art Skipper Realty Inc.

    (910) 269-3334

    548 in this area

    828 Total Sales

    Kim Anderson
    Section Image
  • Van Coley

    Buyer's Agent in 2020

    Van Coley

    Berkshire Hathaway HomeServices Carolina Premier Properties

    (910) 352-9636

    6 in this area

    92 Total Sales

    Van Coley
    Section Image

  • P

    Buyer's Agent in 2017

    Pinckie Robinson

    Intracoastal Realty Corp

    Section Image
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Map

Source: Hive MLS

MLS Number: 100198684

Hive MLS

APN: 249DD007

North Carolina Brunswick County Oak Island 28465

5218 E Beach Dr, Oak Island, NC

Not Listed for Sale

Detached

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