NOT LISTED FOR SALE

5225 E Beach Dr Oak Island, NC 28465

Estimated Value: $998,470 - $1,246,000

3 Beds
3 Baths
1,134 Sq Ft
$1,007/Sq Ft Est. Value

Last Sold July 06, 2020

Last sale price $474,050 $418 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $6,222/month

279 Days on Market

Highlights

  • Ocean Front
  • Deck
  • 1 Fireplace
  • Southport Elementary School Rated 9+
  • Attic
  • Furnished

About This Home

As of July 2020

CLASSIC OCEANFRONT BEACH COTTAGE WITH FLAIR...AND VERY AFFORDABLE TOO! This 3BR/3BA - top producing vacation rental home offers a private upstairs 2nd level master suite with its own ocean view deck and eaves storage on either side - a unique layout for the 70's. The kitchen and living area provide a cozy spot for the family to eat and relax complemented by a fireplace and easy access door leading to a covered porch to enjoy the sounds & sights of the ocean. Two additional bedrooms, a bathroom and laundry/storage area complete the first level. Not included in the total square footage, the ground level offers a few additional few hundred sq. ft. for an easy access bathroom from the beach, game play and safe storage. An outside shower, underneath deck area with picnic table and large storage shed complete a very well equipped home. Natural foliage and beach grasses surround this home and its own private path to access the beach and ocean! And just a few blocks to Town Center and all services. Schedule your showing today!!

Last Agent to Sell the Property

Brendan Gordon

Coastal Development & Realty Oak Island License #264772 Listed on: 08/09/2019

Co-Listed By

Jennifer Berg

Coastal Development & Realty Oak Island License #271253

Last Buyer's Agent

Ceilidh Creech

Southern Realty Advantage LLC License #217500

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1970

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 51 x 152 x 51 x 152
  • Ocean Front

Home Design

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

Interior Spaces

  • 1,134 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • 1 Fireplace
  • Combination Dining and Living Room
  • Water Views
  • Storage In Attic
  • Fire and Smoke Detector

Kitchen

  • Electric Cooktop
  • Stove
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Deck
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Long Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 249de003

Home Details

Home Type

Single Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Appliances Equipment: Cooktop - Electric, Washer, Refrigerator, Stove/Oven - Electric, Dryer, Dishwasher
  • Auction: No
  • Basement: None
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Cooling System: Central
  • Deed Page: 667.00
  • Directions To Property: From the new bridge, make the third left at the stop sign onto E. Beach Drive. Drive 52 blocks to 5225 E. Beach Drive.
  • Document Count: 8
  • Federal Flood Ins Avlbl: Yes
  • Fencing: None
  • Fireplace: 1
  • Foundation: Pilings
  • Fuel Tank: None
  • Green Bldg Certify: None
  • Green Bldg Features: None
  • Handicap Accessible: None
  • H O A: No
  • H O Aand Neighborhood Amenities: No Amenities
  • Listing I D: 100179469
  • List Priceper Sq Ft: 440.04
  • Location Type: Island
  • Lot Acres: 0.18
  • Lot Dimensions: 51 X 152 x 51 x 152
  • Lot Sq Ft: 7841.00
  • Marketing City: Oak Island Beach
  • M L S Approved: Y
  • New Construction: No
  • Porch Balcony Deck: Balcony, Covered, Deck
  • Pre Direction: E
  • Prospect Exempt: No
  • Rental Income Gross Rental Income: 43291.00
  • Annual Gross Rental Income Collected: 2019
  • Road Type Frontage: Maintained, Public (City/Cty/St), Paved
  • School District: Brunswick
  • Secondary Subdivision: N/A
  • Service Providers Electric Provider: Brunswick Electric
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Sign On Property: Yes
  • Special Assessments: None known
  • Sq Ft Heated: 1134.00
  • State Province: NC
  • Stipulation Of Sale: None
  • Stories: 1.0
  • Stories Levels: One and One Half
  • Subdivision: Long Beach
  • Tax Identifier: 249de003
  • Tax Year: 2019
  • Terms: Cash, USDA Loan, VA Loan, FHA, Conventional
  • Total Heated Primary Separate Sq Ft: 1134.00
  • Water Heater: Electric
  • Waterview: Yes
  • Year Built: 1970
  • Zoning: Residential
  • Road Frontage Type: Ocean Front
  • Lot View Type: Water View
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Eave Storage, Walk-In
  • Dining Room Type: Combination
  • Flooring: Carpet, Tile
  • Interior Amenities: Ceiling Fan(s), Furnished, Smoke Detectors
  • Laundry Location: Hall
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Wood Siding
  • On Site Pool Spa: None
  • Roof: Shingle
  • Waterfront: Yes

Garage/Parking

  • Parking Driveway: On Site, Paved

Utilities

  • Heated Sq Ft: 1000 - 1199
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Sewer Connected, Municipal Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2019
Closed on
Jun 12, 2020
Sold by
Poole Sylvia Dunn
Bought by
Cooper John Lee and Croland Mary Alicia
Seller's Agent
Brendan Gordon
Coastal Development & Realty Oak Island
Buyer's Agent
Ceilidh Creech
Southern Realty Advantage LLC
List Price
$519,000
Sold Price
$474,050
Premium/Discount to List
-$44,950
-8.66%
Current Estimated Value
$1,142,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$668,318
Avg. Annual Appreciation
17.31%
Original Mortgage
$369,050
Outstanding Balance
$327,135
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$815,233

Purchase Details

Closed on
Feb 1, 1994
Bought by
Poole Kenneth A Et Sylvia D
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
Cooper John Lee $474,500 First Amer Mtg Solution On
Poole Kenneth A Et Sylvia D $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cooper John Lee $369,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2020 07/06/20 Sold $474,050 -8.7% $418 / Sq Ft
05/14/2020 05/14/20 Pending -- -- --
08/09/2019 08/09/19 For Sale $519,000 -- $458 / 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 $2,971 $716,880 $560,000 $156,880
2024 $30 $716,880 $560,000 $156,880
2023 $2,066 $716,880 $560,000 $156,880
2022 $2,066 $353,880 $245,000 $108,880
2021 $2,008 $353,880 $245,000 $108,880
2020 $2,011 $353,880 $245,000 $108,880
2019 $2,011 $245,000 $245,000 $0
2018 $1,768 $308,800 $225,000 $83,800
2017 $1,746 $225,000 $225,000 $0
2016 $1,721 $225,000 $225,000 $0
2015 $1,721 $308,800 $225,000 $83,800
2014 $1,626 $316,190 $250,000 $66,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100179469

Hive MLS

APN: 249DE003