NOT LISTED FOR SALE

608 Carolina Beach Ave N Unit 1b Carolina Beach, NC 28428

Estimated Value: $608,000 - $635,000

3 Beds
2 Baths
1,120 Sq Ft
$624/mo HOA Fee

Last Sold July 19, 2023

Last sale price $545,000 $487 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,123/month

50 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Community Beach Access
  • In Ground Pool
  • Carolina Beach Elementary School Rated A-
  • Ocean Front
  • Ocean Side of Freeway

About This Home

As of July 2023

Rare opportunity to own a 3-bedroom, 2 bath oceanfront condo with a swimming pool, walking distance from the restaurants and boardwalk that is ready to be finished exactly the way you want for +/-$75k BELOW MARKET VALUE! The deck is massive and overlooks both the pool and the ocean! The Reefs V features a metal roof, cedar look vinyl siding, oceanfront swimming pool and assigned parking under the building. Walkway to the beach is getting rebuilt now and there are lots of improvements that have been completed to maintain this amazing oasis. This condo was gutted years ago and new wiring, plumbing and hvac ducts have been installed. The seller is selling ''as is'' but as you can see from the photos this condo has not only been gutted to the studs, but all wall are in and showers and tubs are ready to tile. The only things needed are the fun part! Sheetrock and then choose your cabinets, paint, flooring, and make this truly your own. Please note, Seller has taken into account the condition of this unit and that is why it is listed so far below market value for a 3-bedroom oceanfront condo. Please know that low offers will not be considered. It is already priced low. Condos like this don't come around often so schedule your showing today!

Last Agent to Sell the Property

Dawn Berard

Sold Buy the Sea Realty License #236951 Listed on: 03/31/2023

Last Buyer's Agent

Tidal Realty Partners

Real Broker LLC

Real Broker LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,745

Year Built

  • Built in 1985

HOA Fees

  • $624 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,120 Sq Ft Home
  • 1-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Pest Guard System
  • Termite Clearance

Parking

  • Covered Parking
  • Driveway
  • Paved Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • In Ground Pool
  • Deeded Waterfront Access Rights
  • Deeded access to the beach
  • Ocean Side of Freeway
  • Balcony
  • Deck
  • Covered Patio or Porch

Schools

  • Carolina Beach Elementary School
  • Murray Middle School
  • Ashley High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Co-Op Water
  • Cable TV Available

Additional Features

  • Ocean Front
  • Flood Insurance May Be Required

Listing and Financial Details

  • Assessor Parcel Number R08819-009-005-002

Community Details

Overview

  • Master Insurance
  • Network Real Estate HOA, Phone Number (910) 798-3137
  • Reefs Subdivision
  • Maintained Community

Recreation

  • Community Beach Access
  • Beach
  • Community Pool

Pet Policy

  • Only Owners Allowed Pets

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,745

Year Built

Built in 1985

Lot Details

0

HOA Fees

$624 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Handicap Accessible: None
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: 1st Floor Unit, 2nd Floor Unit
  • Year Built: 1985
  • Road Frontage Type: Ocean Front
  • PetsAllowedPetsAllowed: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Attic: None
  • Dining Room Type: Kitchen
  • Fireplace: None
  • Flooring: See Remarks
  • Heated Sq Ft: 1000 - 1199
  • Interior Amenities: None
  • List Price per Sq Ft: 534.82
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Number Rooms: 5
  • Sq Ft Heated: 1120.00
  • Total Heated Primary Separate Sq Ft: 1120.00

Exterior Features

  • Exterior Finish: Vinyl Siding
  • Fencing: None
  • Foundation: Pilings
  • On Site Pool Spa: In Ground
  • Porch Balcony Deck: Balcony, Covered, Deck, Open
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Metal
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Assigned, Covered, Off Street, Paved

Utilities

  • Appliances Equipment: None
  • Cooling System: Central, See Remarks
  • Fuel Tank: None
  • Heating System: Forced Air, Heat Pump, Other-See Remarks
  • Service Providers Electric Provider: Duke Progress Energy
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric, See Remarks

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Beach Access, Beach Rights, Cable, Community Pool, Flood Insurance, Maint - Comm Areas, Maint - Grounds, Maintenance Structure, Management, Master Insure, Owner Pets Only, Pest Control, Sewer, Termite Bond, Trash, Water
  • HOAAssociationFee1Year: 7488.00
  • HOAAssociationName: Network Real Estate HOA
  • HOAAssociationPhone: 9107983137

Lot Info

  • Deed Page: 2245.00
  • Lot Water Features: Deeded Beach Access, Deeded Water Access, Deeded Waterfront, Ocean Side, Waterfront Comm
  • Plat Book: 7
  • Plat Page: 27-29
  • Zoning: R-1
  • Lot View Type: Ocean View

Tax Info

  • Tax Identifier: R08819-009-005-002
  • Tax Year: 2022
  • Total Real Estate Property Taxes: 2744.99

MLS Schools

  • Elementary School: Carolina Beach
  • High School: Ashley
  • Middle School: Murray

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2024
Sold by
Tidal Investments Llc
Bought by
Tidal Holdings I Llc
Current Estimated Value
$618,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Outstanding Balance
$410,005
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$208,943

Purchase Details

Listed on
Mar 31, 2023
Closed on
Jul 18, 2023
Sold by
Fusion Holdings Llc
Bought by
Tidal Investments Llc
Seller's Agent
Dawn Berard
Sold Buy the Sea Realty
Buyer's Agent
Tidal Realty Partners
Real Broker LLC
List Price
$599,000
Sold Price
$545,000
Premium/Discount to List
-$54,000
-9.02%
Views
150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%
Original Mortgage
$465,000
Interest Rate
7.92%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 11, 2020
Sold by
Sheridan Renee D
Bought by
Fuston Holdings Llc

Purchase Details

Closed on
May 30, 1997
Sold by
Minor Robert C Beulah D
Bought by
Sheridan Joseph S Renee D

Purchase Details

Closed on
Mar 14, 1995
Sold by
Ellis Lelon H Patty D
Bought by
Pearce Eckener B Ruth W

Purchase Details

Closed on
Mar 18, 1994
Sold by
Ellis Lelon H Patty D
Bought by
Minor Robert C Beulah D

Purchase Details

Closed on
Oct 13, 1992
Sold by
Crosswater Ltd
Bought by
Ellis Lelon H Patty D

Purchase Details

Closed on
Mar 1, 1988
Sold by
T & O Investments
Bought by
Crosswater Ltd

Purchase Details

Closed on
Mar 1, 1984
Bought by
T & O Investments
Source: Public Records

Range of Values:

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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
Tidal Holdings I Llc -- None Listed On Document
Tidal Investments Llc $545,000 None Listed On Document
Fuston Holdings Llc -- None Available
Sheridan Joseph S Renee D $123,500 --
Pearce Eckener B Ruth W $14,000 --
Minor Robert C Beulah D $14,000 --
Minor Robert C Beulah D $30,000 --
Pearce Eckener B Ruth W $30,000 --
Ellis Lelon H Patty D $65,000 --
Crosswater Ltd -- --
T & O Investments -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tidal Holdings I Llc $415,000
Previous Owner Tidal Investments Llc $465,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2023 07/19/23 Sold $545,000 -9.0% $487 / Sq Ft
05/20/2023 05/20/23 Pending -- -- --
03/31/2023 03/31/23 For Sale $599,000 -- $535 / 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 -- $619,300 $0 $619,300
2023 $2,725 $409,700 $0 $409,700
2022 $2,745 $409,700 $0 $409,700
2021 $2,827 $409,700 $0 $409,700
2020 $2,206 $275,800 $0 $275,800
2019 $2,206 $275,800 $0 $275,800
2018 $2,151 $275,800 $0 $275,800
2017 $2,193 $275,800 $0 $275,800
2016 $2,209 $257,500 $0 $257,500
2015 $2,083 $257,500 $0 $257,500
2014 $2,032 $257,500 $0 $257,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100376809

Hive MLS

APN: R08819-009-005-002