NOT LISTED FOR SALE

60 E First St Ocean Isle Beach, NC 28469

Estimated Value: $1,826,000 - $2,097,000

12 Beds
8 Baths
3,688 Sq Ft
$534/Sq Ft Est. Value

Last Sold March 19, 2018

Last sale price $950,000 $258 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $10,921/month

63 Days on Market

Highlights

  • Ocean Front
  • Deck
  • No HOA
  • Union Elementary School Rated A-
  • Furnished
  • Porch

About This Home

As of March 2018

OCEAN FRONT! Your coastal paradise awaits with this massive ocean front property with 12 bedrooms and 8 baths! Bring your family and friends to this fabulous property close to EVERYTHING - pier, shopping, dining, mini-golf, and more. Sold fully furnished, you can move right in and enjoy the beach life at its finest. Relax on the back decks as you watch and listen to the sights and sounds of this amazing setting. Walk out your back door to the beautiful white sand and catch a wave at a moment's notice. Interior and exterior are meticulously maintained as the owner has taken great pride in keeping this home in tip-top shape. So many upgrades too numerous to mention here so please see attached document! You will not want to miss this prime opportunity to own an ocean front property in OIB!

Last Agent to Sell the Property

Sarah Harris

Intracoastal Realty Listed on: 11/26/2017

Intracoastal Realty

Last Buyer's Agent

Sarah Harris

Intracoastal Realty Listed on: 11/26/2017

Intracoastal Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,818

Year Built

  • Built in 1986

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 76x150x151x75
  • Ocean Front
  • Dunes

Parking

  • Off-Street Parking

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 3,688 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Stove
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 12 Bedrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deck
  • Open Patio
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 13 & part of 12
  • Assessor Parcel Number 258aj010

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,818

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: Two
  • Year Built: 1986
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Heated Sq Ft: 3500 - 3999
  • Interior Amenities: 1st Floor Master, Smoke Detectors, Furnished, Ceiling Fan(s), Blinds/Shades
  • Laundry Location: Closet
  • List Price per Sq Ft: 298.26
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bathrooms: 8.00
  • Bedrooms: 12
  • Number Rooms: 16
  • Sq Ft Heated: 3688.00
  • Total Heated Primary Separate Sq Ft: 3688.00

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Vinyl Siding
  • Fencing: None
  • Foundation: Pilings
  • On Site Pool Spa: None
  • Porch Balcony Deck: Deck, Open, Porch
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Appliances Equipment: Dishwasher, Refrigerator, Washer, Vent Hood, Stove/Oven - Gas, Stove/Oven - Electric, Dryer
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Page: 1015.00
  • Lot Acres: 0.26
  • Lot Description: Dunes
  • Lot Dimensions: 76x150x151x75
  • Lot Number: 13 & part of 12
  • Lot Sq Ft: 11326.00
  • Plat Book: 3
  • Plat Page: 179
  • Zoning: R-1
  • Lot View Type: Ocean View, Water View

Tax Info

  • Tax Identifier: 258aj010
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2017
Closed on
Mar 13, 2018
Sold by
Archer Properties Inc
Bought by
Michelli Charles W and Michelli Angela L
Seller's Agent
Sarah Harris
Intracoastal Realty
Buyer's Agent
Sarah Harris
Intracoastal Realty
List Price
$1,099,999
Sold Price
$950,000
Premium/Discount to List
-$149,999
-13.64%
Current Estimated Value
$1,968,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,018,435
Avg. Annual Appreciation
10.13%
Original Mortgage
$760,000
Outstanding Balance
$657,307
Interest Rate
4.78%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,311,128

Purchase Details

Closed on
Jun 1, 1996
Bought by
Archer Properties Inc
Source: Public Records

Range of Values:

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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
Michelli Charles W $950,000 None Available
Archer Properties Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michelli Charles W $760,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2018 03/19/18 Sold $950,000 -13.6% $258 / Sq Ft
01/28/2018 01/28/18 Pending -- -- --
11/26/2017 11/26/17 For Sale $1,099,999 -- $298 / 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 $5,818 $1,501,110 $960,000 $541,110
2024 $5,818 $1,501,110 $960,000 $541,110
2023 $5,909 $1,501,110 $960,000 $541,110
2022 $5,909 $1,077,520 $690,000 $387,520
2021 $5,909 $1,077,520 $690,000 $387,520
2020 $5,855 $1,077,520 $690,000 $387,520
2019 $5,588 $690,000 $690,000 $0
2018 $5,623 $652,680 $650,000 $2,680
2017 $5,490 $652,680 $650,000 $2,680
2016 $5,407 $652,680 $650,000 $2,680
2015 $5,402 $1,036,810 $650,000 $386,810
2014 $5,155 $1,087,748 $810,000 $277,748
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100091193

Hive MLS

APN: 258AJ010