NOT LISTED FOR SALE

545 Salter Path Rd Unit L5 Atlantic Beach, NC 28512

Estimated Value: $813,000 - $977,000

4 Beds
4 Baths
2,060 Sq Ft
$1,060/mo HOA Fee

Last Sold April 21, 2023

Last sale price $939,000 $456 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,020/month

4 Days on Market

Highlights

  • Community Beach Access
  • Water Views
  • Water Access
  • Morehead City Primary School Rated A-
  • Boat Dock
  • Fitness Center

About This Home

As of April 2023

One drive through the oceanfront community of Beacon's Reach and you'll agree; this place is a seaside sanctuary like no other. No wonder this is the place to be! Nestled in the maritime forest, Ocean Grove is protected by the gorgeous natural vegetation of established trees with knotted and crooked branches that offer a picturesque canopy of shade -- just what you need for a short walk to the beach, pool or around the scenic community trails. Enjoy all the community amenities within walking distance: tennis & basketball courts, multiple pools, marina with boat ramp, walking trails with benches and a gazebo, fitness center, sound & ocean accesses, and a boardwalk that leads directly from the unit to the beach.A covered carport provides easy access to this stunning 4 bedroom, 4 bath, move-in ready condo. Incredible ocean views, designer light fixtures, granite countertops with custom tile backsplash in the kitchen, skeleton style staircase with custom wrought iron balusters & wood stained stair treads, Italian porcelain tile and quartz countertops in the bathrooms are just a few of the upgrades that set this unit a step above... The details in this condo are extraordinary from top to bottom.

Last Agent to Sell the Property

Sarah Lewis

eXp Realty License #222688 Listed on: 03/01/2023

Last Buyer's Agent

Carolyn Cannon

Cannon & Gruber, Realtors License #79800

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,540

Year Built

  • Built in 1983

Lot Details

  • 828

HOA Fees

  • $1,060 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Stick Built Home

Interior Spaces

  • 2,060 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Water Views
  • Pest Guard System

Kitchen

  • Ice Maker
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Parking

  • 1 Attached Carport Space
  • Driveway
  • Paved Parking

Outdoor Features

  • Water Access
  • Ocean Side of Freeway
  • Balcony
  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Water Softener

Additional Features

  • Accessible Ramps
  • Air Purifier
  • Flood Insurance May Be Required

Listing and Financial Details

  • Assessor Parcel Number 634407695547005

Community Details

Overview

  • Master Insurance
  • Beacon's Reach Subdivision
  • Maintained Community

Recreation

  • Boat Dock
  • RV or Boat Storage in Community
  • Community Beach Access
  • Marina
  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Trails

Additional Features

  • Picnic Area
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,540

Year Built

Built in 1983

Lot Details

0

HOA Fees

$1,060 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 3.0
  • Stories Levels: 3 Story or More
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Tile, Wood
  • Heated Sq Ft: 2000 - 2199
  • Interior Amenities: Blinds/Shades, Solid Surface, Walk-In Closet(s), Walk-in Shower, Vaulted Ceiling(s), Furnished, Ceiling Fan(s)
  • Laundry Location: Hookup - Dryer, Laundry Room, Hookup - Washer
  • List Price per Sq Ft: 451.46
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Bedrooms: 4
  • Sq Ft Heated: 2060.00
  • Total Heated Primary Separate Sq Ft: 2060.00

Exterior Features

  • Exterior Finish: Fiber Cement
  • Fencing: None
  • Foundation: Slab
  • Porch Balcony Deck: Balcony, Open, Covered, Deck
  • Road Type Frontage: Maintained, Paved
  • Roof: Shingle
  • Waterfront: No
  • Waterview: Yes

Garage/Parking

  • Attached Carport Spaces: 1.00
  • Total Carport Spaces: 1.00
  • Parking Driveway: On Site, Paved

Utilities

  • Appliances Equipment: Air Purifier, Washer, Water Softener, Built-In Microwave, Refrigerator, Ice Maker, Electric Oven, Dryer, Dishwasher
  • Cooling System: Central Air
  • Heating System: Forced Air
  • Utilities: Water Available
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Basketball Court, Waterfront Community, Pest Control, Trash, Trail(s), Tennis Court(s), Taxes, Street Lights, Sewer, RV/Boat Storage, Roof Maintenance, Ramp, Playground, Picnic Area, Maint - Comm Areas, Master Insure, Marina, Management, Maintenance Structure, Maint - Roads, Maint - Grounds, Fitness Center, Flood Insurance, Community Pool, Boat Dock, Beach Access
  • HOAAssociationFee1Year: 12721.00

Lot Info

  • Deed Page: 216.00
  • Lot Water Features: Ocean Side, Water Access Comm
  • Special Assessments: yes- see RPD
  • Zoning: MF2
  • Lot View Type: Water

Tax Info

  • Tax Identifier: 634407695547005
  • Tax Year: 2022
  • Total Real Estate Property Taxes: 2539.50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2023
Closed on
Apr 17, 2023
Sold by
Mills Adam H and Mills Jennifer L
Bought by
Hutchinson David Knox and Hutchinson Mary Allen
Seller's Agent
Sarah Lewis
eXp Realty
Buyer's Agent
Carolyn Cannon
Cannon & Gruber, Realtors
List Price
$930,000
Sold Price
$939,000
Premium/Discount to List
$9,000
0.97%
Views
12
Current Estimated Value
$907,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,031
Avg. Annual Appreciation
-1.27%
Original Mortgage
$751,200
Outstanding Balance
$728,949
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$179,020

Purchase Details

Listed on
Feb 4, 2020
Closed on
May 27, 2020
Sold by
Teasley Larry and Teasley Deborah
Bought by
Mills Adam H and Mills Jennifer L
Seller's Agent
Mary Cheatham King
Keller Williams Crystal Coast
Buyer's Agent
Basnight Garner Real Estate
Keller Williams Crystal Coast
List Price
$499,900
Sold Price
$442,500
Premium/Discount to List
-$57,400
-11.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.62%

Purchase Details

Closed on
Jun 24, 2009
Sold by
Us Bank National Association
Bought by
Teasley Larry and Teasley Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
4.79%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 11, 2008
Sold by
Lauer Michael C and Lauer Kim R
Bought by
Suntrust Mortgage

Purchase Details

Closed on
Aug 11, 2005
Sold by
Baker Julian T
Bought by
Lauer Michael C and Lauer Kim R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,200
Interest Rate
5.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 3, 2005
Sold by
Baker Julian T
Bought by
Baker Julian T and Julian T Baker Jr Charitable Remainder U

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,200
Interest Rate
5.48%
Mortgage Type
Purchase Money Mortgage
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
Hutchinson David Knox $939,000 None Listed On Document
Mills Adam H $442,500 None Available
Teasley Larry $380,000 None Available
Us Bank National Association -- None Available
Suntrust Mortgage $533,316 None Available
Lauer Michael C $675,000 None Available
Baker Julian T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hutchinson David Knox $751,200
Previous Owner Teasley Larry $285,000
Previous Owner Lauer Michael C $511,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/21/2023 04/21/23 Sold $939,000 +1.0% $456 / Sq Ft
03/05/2023 03/05/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $930,000 +110.2% $451 / Sq Ft
05/28/2020 05/28/20 Sold $442,500 -11.5% $220 / Sq Ft View Prior Sale
05/15/2020 05/15/20 Pending -- -- --
02/04/2020 02/04/20 For Sale $499,900 -- $249 / 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 $2,205 $936,565 $0 $936,565
2024 $1,471 $403,920 $0 $403,920
2023 $1,348 $403,920 $0 $403,920
2022 $1,348 $403,920 $0 $403,920
2021 $674 $403,920 $0 $403,920
2020 $1,348 $403,920 $0 $403,920
2019 $1,312 $418,500 $0 $418,500
2017 $1,312 $418,500 $0 $418,500
2016 $1,312 $418,500 $0 $418,500
2015 $1,271 $418,500 $0 $418,500
2014 -- $450,000 $0 $450,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Sarah Lewis

    eXp Realty

  • C

    Buyer's Agent in 2023

    Carolyn Cannon

    Cannon & Gruber, Realtors

    (252) 241-5554

    10 in this area

    35 Total Sales

    Carolyn Cannon
    Section Image
  • Mary Cheatham King

    Seller's Agent in 2020

    Mary Cheatham King

    Keller Williams Crystal Coast

    (252) 808-5596

    125 in this area

    1,308 Total Sales

    Mary Cheatham King
    Section Image

  • B

    Buyer's Agent in 2020

    Basnight Garner Real Estate

    Keller Williams Crystal Coast

See All Agents

Map

Source: Hive MLS

MLS Number: 100371944

Hive MLS

APN: 6344.07.69.5547005

North Carolina Carteret County Atlantic Beach 28512

545 Salter Path Rd Unit L5, Atlantic Beach, NC

Not Listed for Sale

Condos

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