NOT LISTED FOR SALE

5425 Ocean Dr Emerald Isle, NC 28594

Estimated Value: $1,137,000 - $1,159,357

0.34 Acre
$3,376,997 Price per Acre
14,810 Sq Ft Lot

Last Sold February 26, 2021

Last sale price $800,000

Est. 60% increase in value since last sale

Current estimated payment $7,076/month

19 Days on Market

Highlights

  • 75 Feet of Waterfront
  • Ocean Side of Freeway
  • Open Lot
  • White Oak Elementary School Rated A-
  • No HOA
  • Lot Has A Rolling Slope

About This Lot

As of February 2021

Beautiful Ocean Front lot with great rolling dune structure. Soil evaluation complete and 8 BEDROOM SEPTIC PERMIT has been issued as well as survey.

Last Agent to Sell the Property

Stephen Brown

Landmark Sotheby's International Realty License #72181 Listed on: 01/15/2021

Landmark Sotheby's International Realty

Last Buyer's Agent

Lorna Riggs

Skipper Investment Properties Co

Property Details

Property Type

  • Land

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 75x200x75x200
  • 75 Feet of Waterfront
  • Open Lot
  • Lot Has A Rolling Slope
  • Dunes
  • Property is zoned R-2

Property Views

  • Water Views

Schools

  • Broad Creek Middle School
  • Croatan High School

Listing and Financial Details

  • Assessor Parcel Number 630418414070000

Community Details

Overview

  • No Home Owners Association
  • Emerald Isle By The Sea Subdivision

Recreation

  • Ocean Side of Freeway

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Agreement Service: Full Service
  • Agreement Type: Exclusive Right to Sell
  • Auction: No
  • Cobra Zone: No
  • Deed Book: 1560
  • Deed Page: 483.00
  • Directions To Property: 5425 Ocean Dr., Emerald Isle
  • Document Count: 3
  • Federal Flood Ins Avlbl: Yes
  • Fencing: None
  • Fuel Tank: None
  • High School: Croatan
  • H O A: No
  • H O Aand Neighborhood Amenities: No Amenities
  • Listing I D: 100252346
  • Location Type: Island
  • Lot Description: Dunes, Open, See Remarks
  • Lot Dimensions: 75x200x75x200
  • Lot Sq Ft: 14810.00
  • Lot Water Features: Ocean Side
  • Marketing City: Emerald Isle
  • Middle School: Broad Creek
  • M L S Approved: Y
  • Office Exclusive: No
  • Post Closing Seller Concessions: No
  • Prospect Exempt: No
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • School District: Carteret
  • Secondary Subdivision: N/A
  • Sign On Property: Yes
  • State Province: NC
  • Stipulation Of Sale: None
  • Subdivision: Emerald Isle By The Sea
  • Tax Identifier: 630418414070000
  • Tax Year: 2020
  • Terms: 1031 Exchange, Cash, Conventional
  • Waterview: Yes
  • Zoning: R-2
  • Acres: 0.34
  • Buildigson Property: None
  • Current Use: Residential
  • Deed Restriction: No
  • Deferred Taxes: No
  • Environmental Hazard: No
  • List Priceper Acre: 2426470.59
  • Soil Evaluation: Soil Evaluation - Yes
  • Soil Evaluation Other: 8 Bedroom Permit
  • Topography: Rolling, See Remarks, Undeveloped
  • Water Frontage: 75.00
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront: Yes

Utilities

  • Utilities: See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2021
Closed on
Feb 12, 2021
Sold by
Turnage Gregory Allen
Bought by
Mcdonald Kimberly W and Lowe Robert B
Seller's Agent
Stephen Brown
Landmark Sotheby's International Realty
Buyer's Agent
Lorna Riggs
Skipper Investment Properties Co
List Price
$825,000
Sold Price
$800,000
Premium/Discount to List
-$25,000
-3.03%
Current Estimated Value
$1,282,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$482,920
Avg. Annual Appreciation
7.70%

Purchase Details

Listed on
Jan 18, 2019
Closed on
Aug 7, 2019
Sold by
Miller Nan Dupree and Miller Philip R
Bought by
Turnage Gregory Allen
Seller's Agent
Stephen Brown
Landmark Sotheby's International Realty
Buyer's Agent
Stephen Brown
Landmark Sotheby's International Realty
List Price
$799,900
Sold Price
$725,000
Premium/Discount to List
-$74,900
-9.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.56%
Original Mortgage
$616,260
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 2016
Sold by
Dupree Elizabeth Rosalyn and Johnson Sandra L
Bought by
Miller Nan Dupree
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Mcdonald Kimberly W $800,000 None Available
Turnage Gregory Allen $725,000 None Available
Miller Nan Dupree -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Turnage Gregory Allen $616,260
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/26/2021 02/26/21 Sold $800,000 -3.0% --
02/03/2021 02/03/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $825,000 +13.8% --
08/09/2019 08/09/19 Sold $725,000 -9.4% -- View Prior Sale
06/15/2019 06/15/19 Pending -- -- --
01/18/2019 01/18/19 For Sale $799,900 -- --
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 $4,414 $1,254,100 $1,254,100 $0
2024 $3,709 $680,542 $680,542 $0
2023 $3,709 $680,542 $680,542 $0
2022 $3,641 $680,542 $680,542 $0
2021 $3,573 $680,542 $680,542 $0
2020 $3,573 $680,542 $680,542 $0
2019 $2,081 $671,220 $671,220 $0
2017 $2,081 $671,220 $671,220 $0
2016 $2,081 $671,220 $671,220 $0
2015 $2,014 $671,220 $671,220 $0
2014 $1,913 $637,740 $637,740 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Stephen Brown

    Landmark Sotheby's International Realty

    (252) 499-9465

    2 in this area

    32 Total Sales

    Stephen Brown
    Section Image

  • L

    Buyer's Agent in 2021

    Lorna Riggs

    Skipper Investment Properties Co

  • S

    Buyer's Agent in 2019

    Steve Brown

    Realty World First Coast Rlty

See All Agents

Map

Source: Hive MLS

MLS Number: 100252346

Hive MLS

APN: 6304.18.41.4070000

North Carolina Carteret County Emerald Isle 28594

5425 Ocean Dr, Emerald Isle, NC

Not Listed for Sale

Lots

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