NOT LISTED FOR SALE

5504 Ocean Dr Unit E Emerald Isle, NC 28594

Estimated Value: $951,000 - $1,144,847

4 Beds
3 Baths
1,868 Sq Ft
$550/Sq Ft Est. Value

Last Sold December 20, 2022

Last sale price $965,000 $517 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,644/month

61 Days on Market

Highlights

  • Ocean View
  • Ocean Side of Freeway
  • Vaulted Ceiling
  • White Oak Elementary School Rated A-
  • Deck
  • End Unit

About This Home

As of December 2022

Gorgeous rare 2nd row 4 bedroom/3 bath half duplex with amazing ocean views and just steps away from our beautiful Emerald Isle Beach! Enjoy a glass of wine with a stunning ocean backdrop, listen to the ocean waves, and smell the sweet warm beach air on one of the two decks. Great investment opportunity as well! This property has outstanding rental income of over $81,000 (for 2022) even with owner blocks on several peak weeks. Great location with just steps to the beach and is conveniently located just a few miles to the center of Emerald Isle with all the shopping and activities it has to offer. This property has been very well maintained and with a reverse floor plan, boasts a large bright open living area on the top floor with views to amaze. Meticulously decorated with a coastal beachy feel and being sold fully furnished with few exceptions! Several features include new roof(2018), subway tile kitchen backsplash, stainless steel appliances, granite countertops, vaulted ceilings, washer/dryer, recessed lighting, ceiling fans, and outside shower for washing sand off after a fun day at the beach! Wonderful outdoor space and charcoal grill for entertaining! This Property is a MUST SEE!!

Last Agent to Sell the Property

Alyssa Crane

Crystal Coast Realty Group License #251140 Listed on: 09/10/2022

Last Buyer's Agent

Jennifer Kinthiseng

Coldwell Banker Sea Coast Advantage License #325149

Coldwell Banker Sea Coast Advantage

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1998

Lot Details

  • Lot Dimensions are 100x220x100x220
  • End Unit

Home Design

  • Reverse Style Home
  • Wood Frame Construction
  • Composition Roof
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 1,868 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Luxury Vinyl Plank Tile Flooring
  • Ocean Views

Kitchen

  • Stove
  • Range Hood
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Home Security

Parking

  • 3 Attached Carport Spaces
  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Ocean Side of Freeway
  • Deck
  • Covered Patio or Porch

Schools

  • Newport Elementary And Middle School
  • Croatan High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • On Site Septic
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 630418411168000

Community Details

Overview

  • No Home Owners Association

Security

  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Townhouse
  • Appliances Equipment: Dishwasher, Dryer, Microwave - Built-In, Refrigerator, Stove/Oven - Electric, Vent Hood, Washer
  • Auction: No
  • Basement: None
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Cooling System: Central, Heat Pump
  • Deed Page: 729.00
  • Directions To Property: West on Hwy 58 from Atlantic Beach, turn left onto Clark Road and right onto Ocean Drive. The property will be on the right.
  • Document Count: 4
  • Elementary School: Newport
  • Fencing: None
  • Fireplace: None
  • Foundation: Pilings
  • Fuel Tank: None
  • High School: Croatan
  • H O A: No
  • H O Aand Neighborhood Amenities: See Remarks
  • Listing I D: 100348739
  • List Priceper Sq Ft: 521.95
  • Location Type: Island
  • Lot Dimensions: 100x220x100x220
  • Lot Water Features: Ocean Side, Second Row
  • Marketing City: Emerald Isle
  • Middle School: Newport
  • M L S Approved: Y
  • New Construction: No
  • Porch Balcony Deck: Covered, Deck, Open, Porch
  • Prospect Exempt: No
  • Rental Income Gross Rental Income: 81000.00
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Secondary Subdivision: N/A
  • Sign On Property: Yes
  • Sq Ft Heated: 1868.00
  • State Province: NC
  • Stipulation Of Sale: None
  • Stories: 2.0
  • Stories Levels: End Unit, Two
  • Subdivision: Not In Subdivision
  • Tax Identifier: 630418411168000
  • Tax Year: 2021
  • Terms: Cash, Conventional, FHA, VA Loan
  • Total Heated Primary Separate Sq Ft: 1868.00
  • Un Branded Virtual Tour: https://my.matterport.com/show/?m=zC9LXdU6Jau&play=1&brand=0&mls=1&
  • Water Heater: Electric
  • Waterview: Yes
  • Year Built: 1998
  • Zoning: R
  • Trash Collection: City Pick-UP
  • Lot View Type: Ocean View, Water View
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Dining Room Type: Combination
  • Flooring: LVT/LVP
  • Interior Amenities: 9Ft+ Ceilings, Blinds/Shades, Ceiling - Vaulted, Ceiling Fan(s), Furnished, Reverse Floor Plan, Smoke Detectors, Walk-in Shower, Walk-In Closet
  • Laundry Location: Closet, Hall
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedrooms: 4

Exterior Features

  • Exterior Features: Outdoor Shower, Storm Doors, Storm Windows
  • Exterior Finish: Vinyl Siding
  • Exterior Structures: Shower
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Attached Carport Spaces: 3.00
  • Total Carport Spaces: 3.00
  • Parking Driveway: Concrete, Covered, Off Street, On Site, Paved

Utilities

  • Heated Sq Ft: 1800 - 1999
  • Heating System: Heat Pump
  • Utilities: Community Water Available, Septic On Site
  • Heating System Fuel Source: Electric

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2022
Closed on
Nov 14, 2022
Sold by
Clontz Clarence Reid and Clontz Catherine Jean
Bought by
Patrick J Mcgowan Revocable Trust and Judith M Mcgowan Revocable Trust
Seller's Agent
Alyssa Crane
Crystal Coast Realty Group
Buyer's Agent
Jennifer Kinthiseng
Coldwell Banker Sea Coast Advantage
List Price
$975,000
Sold Price
$965,000
Premium/Discount to List
-$10,000
-1.03%
Views
42
Current Estimated Value
$1,028,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,282
Avg. Annual Appreciation
2.11%

Purchase Details

Listed on
Sep 25, 2017
Closed on
Oct 31, 2017
Sold by
Spilman John B
Bought by
Clontz Clarence Reid and Clontz Catherine Jean
Seller's Agent
Phyllis Howard
Emerald Isle Realty
Buyer's Agent
Teresa & Bucky S Team
Bluewater Real Estate - EI
List Price
$395,000
Sold Price
$390,000
Premium/Discount to List
-$5,000
-1.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.36%
Original Mortgage
$312,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2000

Purchase Details

Closed on
Aug 9, 1999
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
Patrick J Mcgowan Revocable Trust $965,000 --
Clontz Clarence Reid $390,000 None Available
-- $265,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Clontz Clarence Reid $312,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/20/2022 12/20/22 Sold $965,000 -1.0% $517 / Sq Ft
11/10/2022 11/10/22 Pending -- -- --
09/10/2022 09/10/22 For Sale $975,000 +150.0% $522 / Sq Ft
11/07/2017 11/07/17 Sold $390,000 -1.3% $192 / Sq Ft View Prior Sale
10/09/2017 10/09/17 Pending -- -- --
09/25/2017 09/25/17 For Sale $395,000 -- $194 / 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 $3,268 $859,153 $0 $859,153
2024 $2,206 $358,000 $0 $358,000
2023 $2,016 $358,000 $0 $358,000
2022 $2,062 $358,000 $0 $358,000
2021 $2,016 $358,000 $0 $358,000
2020 $2,006 $358,000 $0 $358,000
2019 $1,321 $421,400 $0 $421,400
2017 $1,321 $421,400 $0 $421,400
2016 $1,321 $421,400 $0 $421,400
2015 $1,279 $421,400 $0 $421,400
2014 -- $478,880 $0 $478,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100348739

Hive MLS

APN: 6304.18.41.1189000