622 Steele Loop Wilmington, NC 28411
Estimated Value: $445,000 - $495,000
5
Beds
3.5
Baths
3,132
Sq Ft
$153/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Main Floor Primary Bedroom
- Porch
- Porters Neck Elementary School Rated A-
- Formal Dining Room
- Laundry Room
About This Home
As of August 2024Discover a lucrative opportunity at 622 Steele Loop, where investment meets comfort in this spacious 5-bedroom home ideally positioned just moments from Wrightsville Beach. Currently leased until July 2025, this property generates a robust $3,347.5 per month in rental income, making it a compelling choice for investors seeking immediate cash flow.This meticulously maintained home features an owner's suite on the first floor, offering convenience and privacy. The aggressive pricing reflects the commitment to honoring the current lease, with a projected cap rate of 7%.Located near Wrightsville Beach, this property not only ensures a steady rental income but also a great opportunity for long-term appreciation. Imagine the allure for tenants seeking proximity to sandy shores and coastal charm.Seize this rare opportunity to add a profitable rental property to your portfolio. Whether you're expanding your investments or entering the rental market, 622 Steele Loop represents a smart choice with its strategic location and reliable income stream.Schedule your showing today and explore the possibilities of owning this exceptional investment property. Don't delay - opportunities like this don't stay on the market for long!
Last Agent to Sell the Property
Ivester Jackson Coastal LLC License #285813 Listed on: 06/19/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,722
Year Built
- Built in 2014
Lot Details
- 6,839 Sq Ft Lot
- Lot Dimensions are 62' x 110' x 62' x 110
- Wood Fence
- Property is zoned R-10
HOA Fees
- $33 Monthly HOA Fees
Home Design
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Stick Built Home
Interior Spaces
- 3,132 Sq Ft Home
- 2-Story Property
- Gas Log Fireplace
- Formal Dining Room
- Laundry Room
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
Attic
- Attic Fan
- Partially Finished Attic
Parking
- 2 Car Attached Garage
- Driveway
Outdoor Features
- Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Heating System Uses Propane
- Gas Tank Leased
- Electric Water Heater
- Fuel Tank
- Community Sewer or Septic
Community Details
- Reserve At West Bay Association
- Reserve At West Bay Subdivision
- Maintained Community
Listing and Financial Details
- Tax Lot 60
- Assessor Parcel Number R04400-001-572-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 19, 2024
Closed on
Aug 23, 2024
Sold by
Robinson Raymond T and Robinson Tomashia L
Bought by
Singh Shamsher
Seller's Agent
Marshall Pickett
Ivester Jackson Coastal LLC
Buyer's Agent
Tidal Realty Partners
Real Broker LLC
List Price
$449,900
Sold Price
$432,500
Premium/Discount to List
-$17,400
-3.87%
Total Days on Market
38
Views
107
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,822
Avg. Annual Appreciation
13.90%
Purchase Details
Listed on
May 8, 2014
Closed on
Feb 18, 2015
Sold by
D R Horton Inc
Bought by
Robinson Raymond T and Robinson Tomashia L
Seller's Agent
Lori Markham
D.R. Horton, Inc
Buyer's Agent
Lori Markham
D.R. Horton, Inc
List Price
$310,720
Sold Price
$285,000
Premium/Discount to List
-$25,720
-8.28%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.49%
Original Mortgage
$290,306
Interest Rate
3.77%
Mortgage Type
New Conventional
Similar Homes in Wilmington, NC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Singh Shamsher | $432,500 | None Listed On Document | |
| Robinson Raymond T | $285,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Robinson Tomashia L | $60,000 | |
| Previous Owner | Robinson Tomashia L | $266,500 | |
| Previous Owner | Robinson Raymond T | $290,306 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/23/2024 08/23/24 | Sold | $432,500 | -3.9% | $138 / Sq Ft |
| 07/27/2024 07/27/24 | Pending | -- | -- | -- |
| 06/19/2024 06/19/24 | For Sale | $449,900 | +57.9% | $144 / Sq Ft |
| 02/27/2015 02/27/15 | Sold | $285,000 | -8.3% | $94 / Sq Ft |
| 12/14/2014 12/14/14 | Pending | -- | -- | -- |
| 05/08/2014 05/08/14 | For Sale | $310,720 | -- | $103 / Sq Ft |
Source: Hive MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $1,769 | $329,600 | $67,700 | $261,900 |
| 2022 | $1,785 | $329,600 | $67,700 | $261,900 |
| 2021 | $1,813 | $329,600 | $67,700 | $261,900 |
| 2020 | $1,928 | $304,800 | $56,600 | $248,200 |
| 2019 | $1,928 | $304,800 | $56,600 | $248,200 |
| 2018 | $1,928 | $304,800 | $56,600 | $248,200 |
| 2017 | $1,974 | $304,800 | $56,600 | $248,200 |
| 2016 | $2,078 | $299,800 | $56,600 | $243,200 |
| 2015 | $1,198 | $186,000 | $56,600 | $129,400 |
Source: Public Records
Agents Affiliated with this Home
-
Marshall Pickett
Seller's Agent in 2024
Marshall Pickett
Ivester Jackson Coastal LLC
(704) 655-0586
11 in this area
146 Total Sales
-
Tidal Realty Partners
T
Buyer's Agent in 2024
Tidal Realty Partners
Real Broker LLC
(888) 584-9431
12 in this area
461 Total Sales
-
Amber Moles
A
Buyer Co-Listing Agent in 2024
Amber Moles
Real Broker LLC
(919) 348-2585
1 in this area
17 Total Sales
-
Lori Markham
L
Seller's Agent in 2015
Lori Markham
D.R. Horton, Inc
(910) 742-7946
216 Total Sales
Map
Source: Hive MLS
MLS Number: 100451381
APN: R04400-001-572-000
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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC
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