NOT LISTED FOR SALE

5218 E Beach Dr Oak Island, NC 28465

Estimated Value: $1,292,000 - $1,435,000

4 Beds
3.5 Baths
2,184 Sq Ft
$633/Sq Ft Est. Value

Sale Details

Date Sold: July 10, 2020

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

Est. 92% increase in value since last sale

Current estimated payment $7,775 / mo

147 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • Basketball Court
  • Southport Elementary School Rated 9+
  • Fitness Center
  • In Ground Pool

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: 03/21/2020

Last Buyer's Agent

Wyatt Coley

CENTURY 21 Sweyer & Associates

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
  • Property fronts a state road
  • Vinyl Fence
  • Irrigation
  • Property is zoned R7

Home Design

  • Reverse Style Home
  • Metal Roof
  • Vinyl Siding
  • Piling Construction

Interior Spaces

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

Kitchen

  • Electric Oven
  • Built-In Microwave
  • Dishwasher

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

  • Paved Parking
  • On-Site Parking

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Oceanside
  • Basketball Court
  • Covered Patio or Porch

Schools

  • Early College High School

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 Playground
  • Fitness Center
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2017

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Secondary Subdivision: N/A
  • Year Built: 2017
  • Property Sub Type: Single Family Residence
  • View: Ocean, Water
  • Appliances: Electric Oven, Built-In Microwave, Washer, Refrigerator, Dryer, Dishwasher
  • Original List Price: 729900.00
  • Accessibility Features: Accessible Elevator Installed
  • Unit Levels: Two
  • Living Area: 2184.00
  • Is New Construction?: No
  • Other Structures: Shower
  • Island Or Mainland: Island
  • Prospect Exempt Y N: No
  • Remarks Written By Agent Y N: Yes
  • List Price Per Sqft: 334.20
  • Special Features: None

Interior Features

  • Dining Room Type: Combination
  • Flooring: Tile, Wood
  • Interior Amenities: Master Downstairs, Walk-in Closet(s), Elevator, Ceiling Fan(s), Furnished, Pantry, Reverse Floor Plan, Walk-in Shower, Blinds/Shades, Walk-In Closet(s)
  • Master Bedroom Level: Primary Living Area
  • Stories: 2
  • Laundry Features: Laundry Closet
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Thermal Doors
  • Fireplace Features: None
  • Has Fireplace?: No
  • Total Bedrooms: 5
  • Room Types: Dining Area
  • Window Features: Storm Window(s), Thermal Windows
  • Bathrooms Total Source: Computed
  • Bathrooms Total Notational: 3.10
  • Attic Features: Access Only
  • Living Area Range: 2000 - 2199

Exterior Features

  • Exterior Features: Outdoor Shower, Irrigation System, DP50 Windows, Thermal Doors
  • Exterior Finish: Vinyl Siding
  • Fencing: Vinyl
  • Roof: Metal
  • Pool Features: In Ground
  • Road Frontage Type: Maintained, City Street, State Road, Paved
  • Road Surface Type: Paved
  • Waterfront Features: Second Row
  • Waterfront?: No
  • Foundation Details: Other, Pilings
  • Patio And Porch Features: Covered, Porch
  • Pool Spa Features: In Ground

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: On Site, Paved

Utilities

  • Utilities: Sewer Available, Water Available
  • Water Heater: Tankless
  • Water Source: Public
  • Security Features: Smoke Detector(s)
  • Cooling: Central Air
  • Has Cooling?: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer Provider: Municipal Sewer

Condo/Co-op/Association

  • Association Amenities: Basketball Court, Fitness Center, Golf Course, Picnic Area, Playground, Restaurant, Sewer, Street Lights, Tennis Court(s), Trail(s)
  • Has H O A?: No

Fee Information

  • Termite Bond Y N: Yes
  • Termite Company: Mannings
  • Termite Company Phone: 910-457-5289

Schools

  • Zoned High School: Early College

Lot Info

  • Deed Book: 3968
  • Deed Page: 330.00
  • Zoning: R7
  • Lot Features: Ocean Side, Second Row
  • Lot Size Acres: 0.23
  • Lot Size: 50 X 191.25 X 52.31 X 206.02
  • Lot Size Sq Ft: 10019.00
  • Purchase Contract Date: 2020-06-02
  • Parcel#: 249dd007
  • Cobra Zone Y N: No
  • Permitted Use: Public

Tax Info

  • Tax Year: 2019
  • Tax Book Number: 1
  • Tax Map Number: 98
  • Tax Other Assessment Amount Frequency: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2020
Closed on
Jun 25, 2020
Sold by
Bought by
Seller's Agent
Kim Anderson
Art Skipper Realty Inc.
Buyer's Agent
Wyatt Coley
CENTURY 21 Sweyer & Associates
List Price
$729,900
Sold Price
$720,000
Premium/Discount to List
-$9,900
-1.36%
Current Estimated Value
$1,381,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$661,748
Avg. Annual Appreciation
11.58%
Original Mortgage
$510,400
Outstanding Balance
$452,589
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$929,159

Purchase Details

Listed on
Feb 7, 2017
Closed on
Oct 3, 2017
Sold by
Bought by
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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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$720,000 None Available
$653,500 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,265 $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

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Map

Source: Hive MLS

MLS Number: 100198684

Hive MLS

APN: 249DD007

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