5405 Ocean Dr Emerald Isle, NC 28594
Estimated Value: $3,522,686 - $4,777,000
8
Beds
7.5
Baths
6,600
Sq Ft
$625/Sq Ft
Est. Value
Highlights
- In Ground Pool
- Ocean Side of Freeway
- Deck
- White Oak Elementary School Rated A-
- Waterfront
- Main Floor Primary Bedroom
About This Home
As of December 2022Summerhill Cottage, a custom built Sandcastle Ocean Front home, 8 spacious BRs, 7 1/2 BA, gourmet kitchen with updated appliances, large dining area, office, covered and open decks, theater room, game room with kitchenette, large private pool, hot tub, gazebo, 2 additional rooms, everything you could want. There are 5 master suites, ocean front and ocean view. All this and excellent rental income yearly reaching $321597 this year. More pictures coming next week.
Last Agent to Sell the Property
Emerald Isle Realty License #180070 Listed on: 08/18/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,620
Year Built
- Built in 2005
Lot Details
- 0.34 Acre Lot
- Lot Dimensions are 75x200x75x200
- Waterfront
- Fenced Yard
- Vinyl Fence
Home Design
- Wood Frame Construction
- Composition Roof
- Vinyl Siding
- Piling Construction
- Stick Built Home
Interior Spaces
- 6,600 Sq Ft Home
- 3-Story Property
- Furnished
- Tray Ceiling
- Ceiling height of 9 feet or more
- 1 Fireplace
- Blinds
- Entrance Foyer
- Combination Dining and Living Room
- Water Views
Bedrooms and Bathrooms
- 8 Bedrooms
- Primary Bedroom on Main
Parking
- Driveway
- On-Site Parking
Accessible Home Design
- Accessible Elevator Installed
- Accessible Bathroom
- Accessible Doors
- Accessible Entrance
Eco-Friendly Details
- Energy-Efficient Doors
Pool
- In Ground Pool
- Spa
Outdoor Features
- Ocean Side of Freeway
- Balcony
- Deck
- Covered patio or porch
- Gazebo
Schools
- White Oak Elementary School
- Broad Creek Middle School
- West Carteret High School
Utilities
- Zoned Heating and Cooling
- Heat Pump System
- Propane
- Fuel Tank
- On Site Septic
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 630419512127000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 18, 2022
Closed on
Nov 21, 2022
Sold by
Christine M Powell Family Trust
Bought by
Piedmont Self Storage Llc
Seller's Agent
Emma Singleton
Emerald Isle Realty
Buyer's Agent
Val Hocutt
Coldwell Banker Sea Coast Advantage
List Price
$3,600,000
Sold Price
$3,300,000
Premium/Discount to List
-$300,000
-8.33%
Total Days on Market
62
Views
121
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$827,895
Avg. Annual Appreciation
9.41%
Original Mortgage
$850,000
Outstanding Balance
$822,461
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$3,305,434
Purchase Details
Listed on
Aug 4, 2017
Closed on
Oct 11, 2017
Sold by
5405 Ocean Drive House Llc
Bought by
Powell Christine M
Seller's Agent
Emma Singleton
Emerald Isle Realty
Buyer's Agent
Emma Singleton
Emerald Isle Realty
List Price
$2,500,000
Sold Price
$2,175,000
Premium/Discount to List
-$325,000
-13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.47%
Purchase Details
Closed on
Jan 8, 2009
Sold by
Hill Pamela G and Harvey Hill W
Bought by
5405 Ocean Drive House Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,785,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 8, 2004
Purchase Details
Closed on
May 10, 2001
Similar Home in Emerald Isle, NC
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Piedmont Self Storage Llc | -- | -- | |
| Piedmont Self Storage Llc | $3,300,000 | -- | |
| Powell Christine M | $2,175,000 | None Available | |
| 5405 Ocean Drive House Llc | $1,785,000 | None Available | |
| -- | $830,000 | -- | |
| -- | $350,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Piedmont Self Storage Llc | $850,000 | |
| Closed | Piedmont Self Storage Llc | $850,000 | |
| Previous Owner | 5405 Ocean Drive House Llc | $1,785,000 | |
| Previous Owner | Hill William Harvey | $550,000 | |
| Previous Owner | Hill Pamela G | $1,960,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/02/2022 12/02/22 | Sold | $3,300,000 | -8.3% | $500 / Sq Ft |
| 10/19/2022 10/19/22 | Pending | -- | -- | -- |
| 08/18/2022 08/18/22 | For Sale | $3,600,000 | +65.5% | $545 / Sq Ft |
| 10/17/2017 10/17/17 | Sold | $2,175,000 | -13.0% | $328 / Sq Ft |
| 09/11/2017 09/11/17 | Pending | -- | -- | -- |
| 08/04/2017 08/04/17 | For Sale | $2,500,000 | -- | $377 / Sq Ft |
Source: Hive MLS
Tax History Compared to Growth
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 | $94 | $1,643,988 | $680,542 | $963,446 |
| 2023 | $9,270 | $1,643,988 | $680,542 | $963,446 |
| 2022 | $9,085 | $1,643,988 | $680,542 | $963,446 |
| 2021 | $8,911 | $1,643,988 | $680,542 | $963,446 |
| 2020 | $8,901 | $1,643,988 | $680,542 | $963,446 |
| 2019 | $5,158 | $1,658,906 | $671,220 | $987,686 |
| 2017 | $5,158 | $1,658,906 | $671,220 | $987,686 |
| 2016 | $5,158 | $1,658,906 | $671,220 | $987,686 |
| 2015 | $4,992 | $1,658,906 | $671,220 | $987,686 |
| 2014 | $5,497 | $1,827,406 | $637,740 | $1,189,666 |
Source: Public Records
Agents Affiliated with this Home
-
Emma Singleton
Seller's Agent in 2022
Emma Singleton
Emerald Isle Realty
(252) 646-3399
82 in this area
116 Total Sales
-
Val Hocutt
Buyer's Agent in 2022
Val Hocutt
Coldwell Banker Sea Coast Advantage
(336) 404-9652
1 in this area
45 Total Sales
Map
Source: Hive MLS
MLS Number: 100345002
APN: 6304.19.51.2127000
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