NOT LISTED FOR SALE

5400 E Yacht Dr Unit D10 Oak Island, NC 28465

Estimated Value: $400,000 - $488,000

2 Beds
2 Baths
888 Sq Ft
$590/mo HOA Fee

Last Sold March 24, 2020

Last sale price $274,900 $310 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,121/month

21 Days on Market

Highlights

  • Marina
  • Boat Dock
  • Boat Ramp
  • Southport Elementary School Rated 9+
  • Marina View
  • Property Fronts a Bay or Harbor

About This Home

As of March 2020

Waterfront fully FURNISHED condo situated directly on the ICW overlooking your DEEDED BOAT SLIP! This FIRST FLOOR END UNIT was completely renovated in 2015 including new electrical, pex plumbing, solid soft-close cabinets, granite countertops, and engineered hardwoods. This immaculate condo with deeded boat slip is located in Dutchman Creek Villas and has unobstructed water and marina views. Amenities include two swimming pools, club house, private island, freshly dredged marina, expansive boardwalk, dedicated water and power at your deeded boat slip, ice service, fish cleaning station, water, trash service, gated parking, and all exterior maintenance. Included finishings in this condo are outstanding and include new upholstery, antique furniture, and limited edition artwork. Dutchman Creek Villas is central to all that Oak Island has to offer and conveniently located next to the Oak Island Nature Center. This fully furnished condo is priced to sell. For non-boaters, there is strong income potential in leasing your deeded boat slip. Current owners are selling due to drive distance from primary residence.

Last Agent to Sell the Property

Steve Toop

United Brokers LTD License #130828 Listed on: 01/21/2020

Last Buyer's Agent

Gerald Nance

Nance Real Estate License #238345

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1985

Lot Details

  • Property fronts a marsh
  • Property Fronts a Bay or Harbor
  • Home fronts a canal
  • End Unit
  • Street terminates at a dead end
  • Wood Fence
  • Chain Link Fence
  • Decorative Fence
  • Irrigation

HOA Fees

  • $590 Monthly HOA Fees

Property Views

  • Marina
  • Intracoastal

Home Design

  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home
  • Composite Building Materials

Interior Spaces

  • 888 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room

Kitchen

  • Electric Cooktop
  • Stove
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Driveway
  • Paved Parking

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deep Water Access
  • Bulkhead
  • Boat Ramp
  • Boat Slip
  • Balcony
  • Covered Patio or Porch
  • Gazebo

Location

  • Flood Insurance May Be Required

Utilities

  • Central Air
  • Heat Pump System
  • Co-Op Water
  • Electric Water Heater
  • Community Sewer or Septic

Listing and Financial Details

  • Assessor Parcel Number 236ia00839

Community Details

Overview

  • Roof Maintained by HOA
  • Dutchman Creek Villas Subdivision
  • Maintained Community

Amenities

  • Picnic Area

Recreation

  • Boat Dock
  • Community Boat Slip
  • Marina
  • Tennis Courts
  • Community Pool
  • Trails

Security

  • Gated Community
  • Security Lighting

Property Details

Home Type

Condominium

Year Built

Built in 1985

Lot Details

0

HOA Fees

$590 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: 1st Floor Unit, End Unit
  • Year Built: 1985
  • Road Frontage Type: Canal Front, ICW Front
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Attic: None
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Tile, Wood
  • Heated Sq Ft: 800 - 999
  • Interior Amenities: 1st Floor Master, Furnished, Blinds/Shades, Ceiling Fan(s)
  • Laundry Location: Room
  • List Price per Sq Ft: 309.57
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 2
  • Bedroom 1 Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Primary Bedroom Level: Main
  • Sq Ft Heated: 888.00
  • Total Heated Primary Separate Sq Ft: 888.00

Exterior Features

  • Exterior Features: Irrigation System, Security Lighting
  • Exterior Finish: Composition, Vinyl Siding
  • Exterior Structures: Gazebo, Shower
  • Fencing: Chain Link, Wood, Metal/Ornamental
  • Foundation: Pilings
  • On Site Pool Spa: In Ground
  • Porch Balcony Deck: Balcony, Covered
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Membrane
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Garage And Parking Driveway Spaces: 2.00
  • Parking Driveway: On Site, Paved

Utilities

  • Appliances Equipment: Cooktop - Electric, Stove/Oven - Electric, Washer, Microwave - Built-In, Dryer, Dishwasher
  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Community Sewer, Community Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Boat Dock, Sewer, Water, Trash, Trail(s), Tennis Court(s), Street Lights, Sidewalk, Picnic Area, Roof, Maint - Grounds, Marina, Maintenance Structure, Flood Insurance, Gated, Community Pool, Boat Slip - Assign
  • HOAAssociationFee1Year: 7080.00

Lot Info

  • Deed Page: 544.00
  • Lot Description: Dead End
  • Lot Dimensions: irregular
  • Lot Water Features: Boat Dock, Water Depth 4+, Harbor, Bulkhead, Boat Slip, Boat Ramp
  • Zoning: R
  • Lot View Type: ICW View, Marsh View, Marina View

Tax Info

  • Tax Identifier: 236ia00839
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2020
Closed on
Mar 5, 2020
Sold by
Annas Donald Wilson and Annas Tashaa Clontz
Bought by
Mullis Robert Bruce and Mullis Bettina Maria
Seller's Agent
Steve Toop
United Brokers LTD
Buyer's Agent
Gerald Nance
Nance Real Estate
List Price
$289,900
Sold Price
$274,900
Premium/Discount to List
-$15,000
-5.17%
Current Estimated Value
$452,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,634
Avg. Annual Appreciation
9.06%
Original Mortgage
$219,920
Outstanding Balance
$194,771
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$257,763

Purchase Details

Listed on
Jun 6, 2018
Closed on
Jul 10, 2018
Sold by
Costner Ii Robert S and Costner Lisa
Bought by
Annas Donald Wilson and Annas Tashaa Clontz
Seller's Agent
Hank Troscianiec & Associates
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Gina McNeil
Carolina Exclusives
List Price
$245,000
Sold Price
$235,000
Premium/Discount to List
-$10,000
-4.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.72%

Purchase Details

Closed on
Jul 1, 1986
Bought by
Costner Robert S Et Peggy
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
Mullis Robert Bruce $275,000 None Available
Annas Donald Wilson $235,000 None Available
Costner Robert S Et Peggy $85,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mullis Robert Bruce $219,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/24/2020 03/24/20 Sold $274,900 -5.2% $310 / Sq Ft
02/11/2020 02/11/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $289,900 +23.4% $326 / Sq Ft
07/16/2018 07/16/18 Sold $235,000 -4.1% $265 / Sq Ft View Prior Sale
06/16/2018 06/16/18 Pending -- -- --
06/06/2018 06/06/18 For Sale $245,000 -- $276 / 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 $1,841 $455,870 $0 $455,870
2024 $1,841 $455,870 $0 $455,870
2023 $1,144 $455,870 $0 $455,870
2022 $1,144 $200,680 $0 $200,680
2021 $1,129 $200,680 $0 $200,680
2020 $1,116 $200,680 $0 $200,680
2019 $1,116 $0 $0 $0
2018 $971 $0 $0 $0
2017 $971 $0 $0 $0
2016 $958 $0 $0 $0
2015 $958 $173,040 $0 $173,040
2014 $845 $164,850 $0 $164,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100200720

Hive MLS

APN: 236IA00839