5405 Ocean Dr Emerald Isle, NC 28594
8
Beds
7.5
Baths
6,627
Sq Ft
0.34
Acres
Highlights
- Deeded Waterfront Access Rights
- Ocean Front
- In Ground Pool
- White Oak Elementary School Rated A-
- Home Theater
- Ocean Side of Freeway
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 kitchette, 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 consistent rental income yearly reaching over $240,000. See documents for details and improvements.
Last Agent to Sell the Property
Emerald Isle Realty License #180070 Listed on: 08/04/2017
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
- Ocean Front
- Fenced Yard
- Vinyl Fence
Home Design
- Wood Frame Construction
- Architectural Shingle Roof
- Vinyl Siding
- Piling Construction
- Stick Built Home
Interior Spaces
- 6,627 Sq Ft Home
- 3-Story Property
- Elevator
- Wet Bar
- Furnished
- Tray Ceiling
- Ceiling height of 9 feet or more
- Ceiling Fan
- 1 Fireplace
- Thermal Windows
- Entrance Foyer
- Combination Dining and Living Room
- Home Theater
- Ocean Views
- Hurricane or Storm Shutters
Bedrooms and Bathrooms
- 8 Bedrooms
- Primary Bedroom on Main
Parking
- Driveway
- Paved Parking
Accessible Home Design
- Accessible Bathroom
Pool
- In Ground Pool
- Spa
Outdoor Features
- Deeded Waterfront Access Rights
- Deeded access to the beach
- Ocean Side of Freeway
- Deck
- Covered patio or porch
Utilities
- Central Air
- Heat Pump System
- Propane
- Fuel Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 6304.19.51.2127000
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%
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
$892,812
Avg. Annual Appreciation
8.95%
Original Mortgage
$850,000
Outstanding Balance
$822,461
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$3,326,323
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 Homes 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Warranty Deed | $3,300,000 | -- | |
| Warranty Deed | $2,175,000 | None Available | |
| Trustee Deed | $1,785,000 | None Available | |
| Deed | $830,000 | -- | |
| Deed | $350,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $850,000 | New Conventional | |
| Closed | $850,000 | New Conventional | |
| Previous Owner | $1,785,000 | Purchase Money Mortgage | |
| Previous Owner | $550,000 | Credit Line Revolving | |
| Previous Owner | $1,960,000 | Unknown |
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
-
Seller's Agent in 2022
Emma Singleton
Emerald Isle Realty
(252) 646-3399
77 in this area
111 Total Sales
-
Buyer's Agent in 2022
Val Hocutt
Coldwell Banker Sea Coast Advantage
(336) 404-9652
1 in this area
46 Total Sales
Map
Source: Hive MLS
MLS Number: 100075958
APN: 6304.19.51.2127000
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