NOT LISTED FOR SALE

705 Ocean Dr Emerald Isle, NC 28594

Estimated Value: $1,962,000 - $2,183,000

4 Beds
4.5 Baths
2,101 Sq Ft
$979/Sq Ft Est. Value

Last Sold June 15, 2023

Last sale price $1,637,500 $779 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $11,237/month

255 Days on Market

Highlights

  • Ocean Front
  • Ocean Side of Freeway
  • Main Floor Primary Bedroom
  • White Oak Elementary School Rated A-
  • Deck
  • Furnished

About This Home

As of June 2023

Coastal Carolina style on the oceanfront, less than 2 years old and ready for your enjoyment and investment. This well appointed 4 bedroom 3 1/2 bath cottage includes nice coastal blue decor which carries over to the low maintenance exterior. The floor plan allows for ground level suite to be blocked off for owner's use. You can still enjoy coming to the beach while using the rest of the home as a vacation rental.

Last Agent to Sell the Property

Phyllis Howard

Emerald Isle Realty License #188504 Listed on: 08/18/2022

Emerald Isle Realty

Last Buyer's Agent

bebbie quinones

Coldwell Banker Sea Coast Adv EI License #245743

Coldwell Banker Sea Coast Adv EI

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,999

Year Built

  • Built in 2021

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75x150x73x130
  • Ocean Front

Parking

  • 2 Parking Spaces

Home Design

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

Interior Spaces

  • 2,101 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Luxury Vinyl Plank Tile Flooring
  • Ocean Views
  • Attic Access Panel
  • Stove

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry closet
  • Dryer
  • Washer

Outdoor Features

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

Utilities

  • Heat Pump System
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 632410455390000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,999

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Appliances Equipment: Dryer, Stove/Oven - Electric, Washer, Refrigerator
  • List Priceper Sq Ft: 809.14
  • New Construction: No
  • Prospect Exempt: No
  • Secondary Subdivision: N/A
  • Total Real Estate Property Taxes: 2998.80
  • Waterview: Yes
  • Year Built: 2021
  • Lot View Type: Ocean View, Water View
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Access Only
  • Basement: None
  • Dining Room Type: Combination, Kitchen
  • Fireplace: None
  • Flooring: LVT/LVP
  • Interior Amenities: Blinds/Shades, Furnished, Ceiling Fan(s)
  • Laundry Location: Closet
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Bedrooms: 4
  • Sq Ft Heated: 2101.00
  • Stories: 3.0
  • Stories Levels: 3 Story or More
  • Total Heated Primary Separate Sq Ft: 2101.00

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Vinyl Siding
  • Exterior Structures: Shower
  • Fencing: None
  • Foundation: Pilings, Slab
  • On Site Pool Spa: None
  • Porch Balcony Deck: Covered, Patio, Deck
  • Road Type Frontage: Maintained, Public (City/Cty/St), Paved
  • Roof: Metal
  • Waterfront: Yes
  • Road Frontage Type: Ocean Front

Garage/Parking

  • Garage And Parking Driveway Spaces: 2.00
  • Parking Driveway: On Site

Utilities

  • Cooling System: Heat Pump
  • Fuel Tank: None
  • Heated Sq Ft: 2000 - 2199
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Carteret-Craven Electric Cooperative
  • Service Providers Water Provider: Bogue Banks Water Corp
  • Utilities: Community Water, Septic Off Site
  • Heating System Fuel Source: Electric

Association/Amenities

  • H O A: No
  • H O Aand Neighborhood Amenities: No Amenities

Lot Info

  • Cobra Zone: No
  • Deed Page: 273.00
  • Lot Acres: 0.26
  • Lot Dimensions: 75x150x73x130
  • Lot Number: 3
  • Lot Sq Ft: 11326.00
  • Lot Water Features: Ocean Side
  • Zoning: Residential

Tax Info

  • Tax Identifier: 632410455390000
  • Tax Year: 2022
  • Total City Real Estate Property Tax: 1113.84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2022
Closed on
Jun 5, 2023
Sold by
Acots Llc
Bought by
Spring Oak Holdings Llc
Seller's Agent
Phyllis Howard
Emerald Isle Realty
Buyer's Agent
bebbie quinones
Coldwell Banker Sea Coast Adv EI
List Price
$1,900,000
Sold Price
$1,637,500
Premium/Discount to List
-$262,500
-13.82%
Views
385
Current Estimated Value
$2,057,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,407
Avg. Annual Appreciation
9.11%
Original Mortgage
$2,307,500
Outstanding Balance
$2,245,797
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
-$187,890

Purchase Details

Closed on
Jun 7, 2021
Sold by
Dillingham Robert
Bought by
Acots Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 15, 2015
Closed on
Aug 15, 2019
Sold by
Kumar Satish K and Kumar Kamlesh
Bought by
Dillingham Robert David
Seller's Agent
Margaret Nelson
Advantage Coastal Properties
Buyer's Agent
Phyllis Howard
Emerald Isle Realty
List Price
$499,000
Sold Price
$475,000
Premium/Discount to List
-$24,000
-4.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.52%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Spring Oak Holdings Llc $1,637,500 None Listed On Document
Acots Llc -- None Available
Dillingham Robert David $475,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spring Oak Holdings Llc $2,307,500
Previous Owner Acots Llc $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/15/2023 06/15/23 Sold $1,637,500 -3.7% $779 / Sq Ft
04/30/2023 04/30/23 Pending -- -- --
04/29/2023 04/29/23 Price Changed $1,700,000 -5.6% $809 / Sq Ft
04/11/2023 04/11/23 Price Changed $1,800,000 -5.3% $857 / Sq Ft
08/18/2022 08/18/22 For Sale $1,900,000 +300.0% $904 / Sq Ft
08/20/2019 08/20/19 Sold $475,000 -4.8% -- View Prior Sale
06/25/2019 06/25/19 Pending -- -- --
04/15/2015 04/15/15 For Sale $499,000 -- --
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 $6,609 $1,754,664 $1,056,094 $698,570
2024 $4,533 $758,723 $571,200 $187,523
2023 $3,279 $758,723 $571,200 $187,523
2022 $4,349 $758,723 $571,200 $187,523
2021 $4,349 $571,200 $571,200 $0
2020 $2,999 $571,200 $571,200 $0
2019 $1,348 $434,860 $434,860 $0
2017 $1,348 $434,860 $434,860 $0
2016 $1,348 $434,860 $434,860 $0
2015 $1,305 $434,860 $434,860 $0
2014 $1,305 $434,860 $434,860 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Hive MLS

MLS Number: 100345249

Hive MLS

APN: 6324.10.45.5390000