NOT LISTED FOR SALE

53 E First St Ocean Isle Beach, NC 28469

Estimated Value: $896,000 - $1,316,000

5 Beds
5 Baths
2,001 Sq Ft
$589/Sq Ft Est. Value

Last Sold June 08, 2017

Last sale price $450,000 $225 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $6,724/month

618 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Furnished
  • Union Elementary School Rated A-
  • Deck
  • No HOA

About This Home

As of June 2017

This second row diamond in the rough needs an exterior coat of TLC and it will make the ideal beach cottage. Has ocean views, check: has private pool with lots of decking, check: easy walking distance to center of town, check: sleeps 16 of your closest friends, check: high dollar rental income of $36,770 in 2016, check: has low maintenance tile floors, check. Sellers are ready to move on and will consider all offers.

Last Agent to Sell the Property

Bill Bright

Bright Realty LLC License #40631 Listed on: 08/31/2015

Last Buyer's Agent

Anna Arlington

ASAP Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,619

Year Built

  • Built in 2004

Lot Details

  • 4,839 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Wood Fence
  • Property is zoned OI-R-1

Parking

  • On-Site Parking

Home Design

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

Interior Spaces

  • 2,001 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Dining Room
  • Ocean Views

Kitchen

  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Deck
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 107517214037

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,619

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Handicap Accessible: None
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 2004
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: None
  • Basement: None
  • Dining Room Type: Kitchen
  • Fireplace: None
  • Flooring: Carpet, Tile
  • Heated Sq Ft: 2000 - 2199
  • Interior Amenities: Blinds/Shades, Wash/Dry Connect, Furnished, Ceiling Fan(s)
  • Laundry Location: Hall
  • List Price per Sq Ft: 249.38
  • Master Bedroom Level: N/A
  • Full Bathrooms: 5
  • Total Bathrooms: 5.00
  • Bedrooms: 5
  • Number Rooms: 7
  • Sq Ft Heated: 2001.00
  • Total Heated Primary Separate Sq Ft: 2001.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Composition
  • Exterior Structures: Shower
  • Fencing: Wood
  • Foundation: Pilings
  • On Site Pool Spa: In Ground
  • Porch Balcony Deck: Balcony, Porch, Deck
  • Road Type Frontage: Paved
  • Roof: Shingle
  • Waterfront: No
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: On Site

Utilities

  • Appliances Equipment: Dishwasher, Refrigerator, Washer, Microwave - Built-In, Dryer, Disposal
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Brunswick Electric
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Utilities: Sewer Tap Available, Water Tap Available
  • Water Heater: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Page: 818.00
  • Lot Acres: 0.11
  • Lot Dimensions: 50X100
  • Lot Number: 4
  • Lot Sq Ft: 4839.00
  • Lot Water Features: Second Row
  • Plat Book: 3
  • Plat Page: 179
  • Zoning: OI-R-1
  • Lot View Type: Ocean View, Water View

Green Features

  • Green Bldg Certify: None
  • Green Bldg Features: None

Tax Info

  • Tax Identifier: 107517214037
  • Tax Year: 2014
  • Total City Real Estate Property Tax: 2619.00
  • Total Real Estate Property Taxes: 2619.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 7, 2017
Sold by
Jegatheesan Lakshmi Rekha and Jayaseelapandian Gnanaseelapandian
Bought by
Hakuna Matata Properties
Current Estimated Value
$1,173,876

Purchase Details

Listed on
Aug 31, 2015
Closed on
Jun 7, 2017
Sold by
Hales David W and Hales Christy R
Bought by
Jegatheesan Lakshmi Rekha and Jayseelapandian Gnanseelapandian
Seller's Agent
Bill Bright
Bright Realty LLC
Buyer's Agent
Anna Arlington
ASAP Realty
List Price
$579,000
Sold Price
$450,000
Premium/Discount to List
-$129,000
-22.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.28%
Original Mortgage
$360,000
Interest Rate
4.03%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 2, 2005
Sold by
Cooke Stuart F and Cooke Tabetha R
Bought by
Hales David W and Hales Christy R
Source: Public Records

Range of Values:

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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
Hakuna Matata Properties -- None Available
Jegatheesan Lakshmi Rekha $450,000 None Available
Hales David W $800,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jegatheesan Lakshmi Rekha $360,000
Previous Owner Hales David W $249,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2017 06/08/17 Sold $450,000 -22.3% $225 / Sq Ft
05/10/2017 05/10/17 Pending -- -- --
08/31/2015 08/31/15 For Sale $579,000 -- $289 / 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 $3,558 $898,850 $400,000 $498,850
2023 $2,874 $862,270 $400,000 $462,270
2022 $2,874 $496,750 $220,000 $276,750
2021 $2,874 $496,750 $220,000 $276,750
2020 $2,839 $496,750 $220,000 $276,750
2019 $2,812 $228,560 $220,000 $8,560
2018 $2,870 $217,890 $200,000 $17,890
2017 $2,782 $217,890 $200,000 $17,890
2016 $2,732 $217,890 $200,000 $17,890
2015 $2,662 $507,660 $200,000 $307,660
2014 $2,619 $535,939 $300,000 $235,939
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 20696030

Hive MLS

APN: 258AA007