NOT LISTED FOR SALE

5400 E Yacht Dr Unit D11 Oak Island, NC 28465

Estimated Value: $405,000 - $593,000

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

Last Sold March 17, 2020

Last sale price $275,000 $310 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,131/month

5 Days on Market

Highlights

  • Waterfront
  • Boat Dock
  • Boat Slip
  • Southport Elementary School Rated 9+
  • Water Access
  • Intracoastal View

About This Home

As of March 2020

WATERFRONT condo situated directly on the Intracoastal Waterway overlooking swimming pool and Marina with your own DEEDED BOAT SLIP! This END unit was completely renovated in 2015 including new electrical, solid soft-close cabinets, granite countertops, along with new tile flooring & tiled showers. Plantation shutters inside & hurricane shutters on windows. The views are expansive from the great room & EnSuite. 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. Dutchman Creek Villas is central to all that Oak Island has to offer and conveniently located next to the Oak Island Nature Center. For non-boaters, there is strong income potential in leasing your deeded boat slip. This has been a primary residence and is in excellent condition with furniture included. At this price, it will sell quickly so do not miss this rare opportunity.

Last Agent to Sell the Property

Kim Anderson

Art Skipper Realty Inc. License #142880 Listed on: 02/14/2020

Last Buyer's Agent

John Dorazio

RE/MAX Southern Coast License #278540

RE/MAX Southern Coast

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1985

Lot Details

  • End Unit
  • Wood Fence
  • Chain Link Fence

HOA Fees

  • $590 Monthly HOA Fees

Property Views

  • Intracoastal
  • Creek or Stream

Home Design

  • Wood Frame Construction
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 888 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Double Pane Windows
  • Shutters
  • Combination Dining and Living Room

Kitchen

  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry in Hall
  • Dryer

Home Security

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • In Ground Pool
  • Water Access
  • Bulkhead
  • Boat Slip
  • Balcony
  • Covered Patio or Porch

Location

  • Flood Insurance May Be Required

Utilities

  • Central Air
  • Heat Pump System
  • Co-Op Water
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 236ia00840

Community Details

Overview

  • Master Insurance
  • Dutchman Creek Villas Subdivision
  • Maintained Community

Amenities

  • Picnic Area

Recreation

  • Boat Dock
  • Community Boat Slip
  • Waterfront
  • Community Pool

Security

  • Gated Community
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

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: 3.0
  • Stories Levels: 2nd Floor Unit, One, End Unit
  • Year Built: 1985
  • Road Frontage Type: ICW Front
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Tile
  • Heated Sq Ft: 800 - 999
  • Interior Amenities: Ceiling Fan(s), Smoke Detectors, Walk-in Shower, Solid Surface, Furnished
  • Laundry Location: Hall
  • List Price per Sq Ft: 314.75
  • Master Bedroom Level: N/A
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 2
  • Sq Ft Heated: 888.00
  • Total Heated Primary Separate Sq Ft: 888.00

Exterior Features

  • Exterior Features: DP50 Windows, Shutters - Board/Hurricane, Shutters - Functional
  • Exterior Finish: Vinyl Siding
  • Fencing: Chain Link, Wood
  • Foundation: Pilings
  • On Site Pool Spa: In Ground, See Remarks
  • Porch Balcony Deck: Balcony, Open, Covered
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: See Remarks
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Off Street, Paved, On Site

Utilities

  • Appliances Equipment: Dishwasher, Refrigerator, Dryer
  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Brunswick Electric
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Boat Dock, Picnic Area, Water, Trash, Street Lights, Sewer, Maint - Comm Areas, Master Insure, Maintenance Structure, Maint - Grounds, Community Pool, Gated, Flood Insurance, Boat Slip - Assign
  • HOAAssociationFee1Year: 7080.00

Lot Info

  • Deed Page: 561.00
  • Lot Description: Corner Lot
  • Lot Water Features: Boat Dock, Water Access Comm, Waterfront Comm, Bulkhead, Boat Slip
  • Special Assessments: None- Paid in Full
  • Zoning: R
  • Lot View Type: Creek View, Water View, ICW View

Tax Info

  • Tax Identifier: 236ia00840
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2020
Closed on
Mar 17, 2020
Sold by
Baker Alan and Baker Rebecca M
Bought by
Sparano Thomas P and Sparano Gay A
Seller's Agent
Kim Anderson
Art Skipper Realty Inc.
Buyer's Agent
John Dorazio
RE/MAX Southern Coast
List Price
$279,500
Sold Price
$275,000
Premium/Discount to List
-$4,500
-1.61%
Current Estimated Value
$454,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,537
Avg. Annual Appreciation
10.17%

Purchase Details

Listed on
Jul 1, 2016
Closed on
Sep 13, 2017
Sold by
Adams Harry E and Adams Kelle L
Bought by
Baker Alan and Baker Rebecca M
Seller's Agent
Karen Edwards
Margaret Rudd Assoc/O.I.
Buyer's Agent
Karen Edwards
Margaret Rudd Assoc/O.I.
List Price
$218,900
Sold Price
$208,000
Premium/Discount to List
-$10,900
-4.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.87%

Purchase Details

Closed on
Feb 4, 2005
Sold by
Rohr Hans C and Sanchez-Rd Christine C
Bought by
Adams Harry E and Adams Kelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Interest Rate
5.66%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Sparano Thomas P $275,000 None Available
Baker Alan $208,000 None Available
Adams Harry E $180,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adams Harry E $169,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/17/2020 03/17/20 Sold $275,000 -1.6% $310 / Sq Ft
02/19/2020 02/19/20 Pending -- -- --
02/14/2020 02/14/20 For Sale $279,500 +34.4% $315 / Sq Ft
09/20/2017 09/20/17 Sold $208,000 -5.0% $234 / Sq Ft View Prior Sale
07/24/2017 07/24/17 Pending -- -- --
07/01/2016 07/01/16 For Sale $218,900 -- $247 / 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 $997 $0 $0 $0
2017 $997 $0 $0 $0
2016 $985 $0 $0 $0
2015 $985 $178,040 $0 $178,040
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: 100204592

Hive MLS

APN: 236IA00840