NOT LISTED FOR SALE

5403 Ocean Dr Emerald Isle, NC 28594

Estimated Value: $3,411,836 - $5,308,000

8 Beds
7.5 Baths
6,652 Sq Ft
$677/Sq Ft Est. Value

Last Sold August 08, 2019

Last sale price $2,350,000 $353 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $24,712/month

40 Days on Market

Highlights

  • Ocean Front
  • Home Theater
  • In Ground Pool
  • White Oak Elementary School Rated A-
  • Indoor Spa
  • Deck

About This Home

As of August 2019

Experience the ultimate in oceanfront living! This 8 bedroom 7 1/2 bath sandcastle has it all-including spacious living area with hardwood floors and gas log fireplace, gourmet kitchen, theater room, family room with kitchenette and tiki bar, 7 bedrooms with ensuite baths, panoramic views of the Atlantic Ocean, private pool and hot tub and much more. Custom built by Bluewater Builders, one of the premier builders in Emerald Isle. This beautiful home comes fully furnished and would be a wonderful investment property with potential as high as $240,000 per year in gross rental income. Just put on the rental market and recently renovated so it's in perfect condition. New high impact windows and new flooring. Very few 8 bedroom oceanfronts available so make this one yours!

Last Agent to Sell the Property

Kitch Ayre

Kitch Ayre Real Estate License #165043 Listed on: 04/26/2019

Last Buyer's Agent

A Non Member

A Non Member

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 75x200
  • Ocean Front
  • Fenced Yard
  • Vinyl Fence
  • Sprinkler System

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 6,652 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling height of 9 feet or more
  • Gas Log Fireplace
  • Thermal Windows
  • Blinds
  • Combination Dining and Living Room
  • Home Theater
  • Indoor Spa
  • Ocean Views

Kitchen

  • Electric Cooktop
  • Range Hood
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Whirlpool Bathtub
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Intercom
  • Fire and Smoke Detector

Parking

  • 1 Attached Carport Space
  • Driveway
  • Paved Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Hallway

Eco-Friendly Details

  • Energy-Efficient Doors

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Propane
  • Fuel Tank
  • On Site Septic
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 6304.19.51.3109000

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Appliances Equipment: Cooktop - Electric, Vent Hood, Washer, Refrigerator, See Remarks, None, Microwave - Built-In, Ice Maker, Dryer, Dishwasher
  • Auction: No
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Cooling System: Central
  • Deed Page: 359.00
  • Directions To Property: Emerald Isle to 5400 Block to Ocean Drive
  • Federal Flood Ins Avlbl: Yes
  • Fencing: Back Yard, Vinyl
  • Fireplace: 1
  • Foundation: Pilings, Slab
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Owned
  • Handicap Accessible: Elevator, Hallways
  • H O A: No
  • H O Aand Neighborhood Amenities: No Amenities
  • Listing I D: 100162384
  • List Priceper Sq Ft: 375.83
  • Location Type: Island
  • Lot Acres: 0.34
  • Lot Dimensions: 75X200
  • Lot Sq Ft: 14985.00
  • Marketing City: Emerald Isle
  • M L S Approved: Y
  • New Construction: No
  • Porch Balcony Deck: Covered, Porch, Deck
  • Prospect Exempt: No
  • Road Type Frontage: Maintained, Public (City/Cty/St)
  • School District: Carteret
  • Secondary Subdivision: N/A
  • Sign On Property: Yes
  • Sq Ft Heated: 6652.00
  • State Province: NC
  • Stipulation Of Sale: None
  • Stories: 3.0
  • Stories Levels: 3 Story or More
  • Subdivision: Not In Subdivision
  • Tax Identifier: 6304.19.51.3109000
  • Tax Year: 2018
  • Terms: Cash, Conventional
  • Total Heated Primary Separate Sq Ft: 6652.00
  • Waterview: Yes
  • Year Built: 2006
  • Zoning: Residential
  • Road Frontage Type: Ocean Front
  • Lot View Type: Ocean View, Water View
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: 9Ft+ Ceilings, Smoke Detectors, Whirlpool, Walk-in Shower, Sprinkler System, Solid Surface, Elevator, Pantry, Intercom/Music, Hot Tub, Home Theater, Gas Logs, Furnished, Blinds/Shades
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bathrooms: 8.00
  • Bedrooms: 8

Exterior Features

  • Exterior Features: Gas Logs, Irrigation System, Thermal Windows, Thermal Doors, Outdoor Shower
  • Exterior Finish: Vinyl Siding
  • On Site Pool Spa: Hot Tub, In Ground
  • Roof: Composition
  • Waterfront: Yes

Garage/Parking

  • Attached Carport Spaces: 1.00
  • Total Carport Spaces: 1.00
  • Parking Driveway: Paved

Utilities

  • Heated Sq Ft: 6500 - 6999
  • Heating System: Heat Pump
  • Utilities: Municipal Water, Septic On Site

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2019
Closed on
Aug 5, 2019
Sold by
Blair Development Group Llc
Bought by
Hagewood John F and Hagewood Grace G
Seller's Agent
Kitch Ayre
Kitch Ayre Real Estate
Buyer's Agent
Sally Seller
Non Member Office
List Price
$2,500,000
Sold Price
$2,350,000
Premium/Discount to List
-$150,000
-6%
Current Estimated Value
$4,500,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,150,459
Avg. Annual Appreciation
10.63%

Purchase Details

Closed on
Mar 3, 2010
Sold by
Hill William Harvey and Hill Pamela G
Bought by
Blair Development Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
5.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2007
Sold by
5403 Ocean Drive Llc
Bought by
Hill William Harvey and Hill Pamela G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,520,000
Interest Rate
8.07%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 4, 2006
Sold by
Rouse Betty H
Bought by
5403 Ocean Drive Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
6.19%
Mortgage Type
Construction

Purchase Details

Closed on
May 3, 2004

Purchase Details

Closed on
May 10, 2001

Purchase Details

Closed on
Jul 7, 1986
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
Hagewood John F $2,350,000 None Available
Blair Development Group Llc $1,517,355 None Available
Hill William Harvey -- None Available
5403 Ocean Drive Llc $1,400,000 None Available
-- $925,000 --
-- $387,500 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blair Development Group Llc $1,800,000
Previous Owner Hill William Harvey $2,520,000
Previous Owner 5403 Ocean Drive Llc $2,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2019 08/08/19 Sold $2,350,000 -6.0% $353 / Sq Ft
06/05/2019 06/05/19 Pending -- -- --
04/26/2019 04/26/19 For Sale $2,500,000 -- $376 / 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 $14,142 $3,894,613 $1,254,100 $2,640,513
2024 $8,455 $1,478,267 $680,542 $797,725
2023 $8,367 $1,478,267 $680,542 $797,725
2022 $8,199 $1,478,267 $680,542 $797,725
2020 $8,031 $1,478,267 $680,542 $797,725
2019 $4,682 $1,505,578 $671,220 $834,358
2017 $4,679 $1,504,530 $671,220 $833,310
2016 $4,679 $1,504,530 $671,220 $833,310
2015 $4,529 $1,504,530 $671,220 $833,310
2014 -- $1,612,816 $637,740 $975,076
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100162384

Hive MLS

APN: 6304.19.51.3109000