NOT LISTED FOR SALE

5403 Ocean Dr Emerald Isle, NC 28594

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

8 Beds
8 Baths
6,500-6,999 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 $24,294/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

Sally Seller

Non Member Office

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 75x200
  • Ocean Front
  • Property fronts a state road
  • Fenced Yard
  • Vinyl Fence
  • Irrigation

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding
  • Piling Construction

Interior Spaces

  • 6,500-6,999 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Sound System
  • High Ceiling
  • Gas Log Fireplace
  • Thermal Windows
  • Blinds
  • Thermal Doors
  • Combination Dining and Living Room
  • Home Theater
  • Indoor Spa

Kitchen

  • Electric Cooktop
  • 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

  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 1 Attached Carport Space
  • 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
  • Vented Exhaust Fan

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

0.34 Acres

Listing Details

  • Property Type: Residential
  • Secondary Subdivision: N/A
  • Year Built: 2006
  • Property Sub Type: Single Family Residence
  • Appliances: Vented Exhaust Fan, Electric Cooktop, Built-In Microwave, See Remarks, None, Washer, Refrigerator, Ice Maker, Dryer, Dishwasher
  • Original List Price: 2500000.00
  • Accessibility Features: Accessible Hallway(s), Accessible Elevator Installed
  • Unit Levels: Three Or More
  • Living Area: 6652.00
  • Is New Construction?: No
  • Island Or Mainland: Island
  • Prospect Exempt Y N: No
  • Remarks Written By Agent Y N: Yes
  • List Price Per Sqft: 375.83
  • Special Features: None

Interior Features

  • Dining Room Type: Combination
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Sound System, High Ceilings, Solid Surface, Whirlpool, Elevator, Furnished, Hot Tub, Pantry, Walk-in Shower, Blinds/Shades, Gas Log, Home Theater
  • Master Bedroom Level: Non Primary Living Area
  • Stories: 3
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Door Features: Thermal Doors
  • Fireplace Features: Gas Log
  • Has Fireplace?: Yes
  • Total Bedrooms: 13
  • Room Types: Dining Area
  • Window Features: Thermal Windows
  • Bathrooms Total Source: Computed
  • Bathrooms Total Notational: 7.10
  • Living Area Range: 6500 - 6999

Exterior Features

  • Exterior Features: Outdoor Shower, Irrigation System, Gas Log, Thermal Doors
  • Exterior Finish: Vinyl Siding
  • Fencing: Back Yard, Vinyl
  • Roof: Composition
  • Road Frontage Type: Oceanfront
  • Pool Features: In Ground
  • Road Frontage Type: Maintained, City Street, State Road
  • Waterfront?: Yes
  • Foundation Details: Other, Slab, Pilings
  • Patio And Porch Features: Covered, Deck, Porch
  • Pool Spa Features: Hot Tub, In Ground

Garage/Parking

  • Has Attached Garage?: No
  • Carport Spaces: 1.00
  • Parking Features: Paved
  • Attached Carport Spaces: 1.00

Utilities

  • Utilities: Water Available
  • Water Source: Public
  • Security Features: Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air
  • Has Cooling?: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer Provider: Septic Tank
  • Fuel Tank Owned Or Leased: Owned
  • Fuel Tank Above Or Below Ground: Above Ground
  • Fuel Tank Fuel Type: Propane

Condo/Co-op/Association

  • Association Amenities: None
  • Has H O A?: No

Schools

  • Junior High Dist: Carteret County Public Schools

Lot Info

  • Deed Book: 1335
  • Deed Page: 359.00
  • Zoning: Residential
  • Lot Size Acres: 0.34
  • Lot Size: 75X200
  • Lot Size Sq Ft: 14985.00
  • Purchase Contract Date: 2019-06-05
  • Parcel#: 6304.19.51.3109000
  • Cobra Zone Y N: No
  • Federal Flood Insurance Available Y N: Yes
  • Permitted Use: Public

Tax Info

  • Tax Year: 2018
  • Tax Book Number: 5
  • Tax Map Number: 0
  • Tax Other Assessment Amount Frequency: none

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
10.38%

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
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

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

  • Section Image
See All Agents

Map

Source: Hive MLS

MLS Number: 100162384

Hive MLS

APN: 6304.19.51.3109000

Your Personal Tour Guide

Ask me questions while you tour the home.