NOT LISTED FOR SALE

706 Canal Dr Unit 2 Carolina Beach, NC 28428

Estimated Value: $870,000 - $1,380,782

4 Beds
5 Baths
3,602 Sq Ft
$737/mo HOA Fee

Last Sold October 28, 2019

Last sale price $520,000 $144 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $7,446/month

96 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Whirlpool Bathtub
  • Carolina Beach Elementary School Rated A-
  • Main Floor Primary Bedroom
  • 2 Fireplaces

About This Home

As of October 2019

Great investment property! Enjoy the sunrise and sunset from the expansive decks on both levels, with water views of the Sound and Ocean and an amazing Widow's Watch where you can see all of Carolina Beach. You'll own the entire top 2 floors serviced by your own private elevator. Truly a relaxing place with so many decks and spacious areas to enjoy extraordinary views.Your master suite boasts a large private balcony with sparkling views of the Sound to watch the sunset. The additional three bedrooms each have their own bath, and the bonus room can be used as a 5th bedroom.

Last Agent to Sell the Property

Sherwood Strickland

Coldwell Banker Sea Coast Advantage Listed on: 06/05/2019

Coldwell Banker Sea Coast Advantage

Last Buyer's Agent

Sherri Ingle

Intracoastal Realty Corp

Intracoastal Realty Corp

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,448

Year Built

  • Built in 2005

Lot Details

  • Fenced Yard
  • Irrigation

HOA Fees

  • $737 Monthly HOA Fees

Property Views

  • Ocean
  • Views of a Sound
  • Intracoastal
  • Canal

Home Design

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

Interior Spaces

  • 3,602 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Log Fireplace
  • Blinds
  • Combination Dining and Living Room
  • Bonus Room
  • Partial Basement
  • Termite Clearance

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 5 Full Bathrooms
  • Whirlpool Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Attached Carport Spaces
  • Lighted Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heating Available
  • Propane
  • Electric Water Heater
  • Fuel Tank

Listing and Financial Details

  • Assessor Parcel Number R08815-011-007-002

Community Details

Overview

  • Master Insurance
  • Maintained Community

Security

  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,448

Year Built

Built in 2005

Lot Details

0

HOA Fees

$737 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Dining Room Type: Combination
  • Fireplace: 2
  • Flooring: Tile, Wood
  • Heated Sq Ft: 3500 - 3999
  • Interior Amenities: 1st Floor Master, Elevator, Whirlpool, Walk-In Closet, Walk-in Shower, Smoke Detectors, Gas Logs, Furnished, Blinds/Shades, Ceiling Fan(s), 9Ft+ Ceilings
  • Laundry Location: Hookup - Dryer, Room, Hookup - Washer
  • List Price per Sq Ft: 155.19
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 5
  • Total Bathrooms: 5.00
  • Bedrooms: 4
  • Bedroom 2 Level: Main
  • Bedroom 3 Level: Main
  • Bedroom 4 Level: Upper
  • Bonus Room Level: Upper
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Laundry Level: Main
  • Living Room Level: Main
  • Primary Bedroom Level: Upper
  • Sq Ft Heated: 3602.00
  • Total Heated Primary Separate Sq Ft: 3602.00

Exterior Features

  • Exterior Features: Irrigation System, Storm Windows, Storm Doors
  • Exterior Finish: Vinyl Siding
  • Fencing: Back Yard, Partial
  • Foundation: Pilings
  • Porch Balcony Deck: Balcony, Covered
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Metal
  • Waterfront: No
  • Waterview: Yes

Garage/Parking

  • Attached Carport Spaces: 3.00
  • Total Carport Spaces: 3.00
  • Parking Driveway: Carport, Lighted, On Site

Utilities

  • Appliances Equipment: Dishwasher, Washer, Refrigerator, Stove/Oven - Electric, Microwave - Built-In, Dryer, Disposal
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Leased
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Maint - Comm Areas, Termite Bond, Master Insure, Maintenance Structure
  • HOAAssociationFee1Year: 8844.00

Lot Info

  • Deed Page: 2191.00
  • Lot Dimensions: condo
  • Zoning: R-1
  • Lot View Type: Canal View, ICW View, Water View, Sound View, Ocean View

Tax Info

  • Tax Identifier: R08815-011-007-002
  • Tax Year: 2018
  • Total Real Estate Property Taxes: 5448.00

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2019
Closed on
Oct 11, 2019
Sold by
Tropmann Aaron and Tropmann Cathy A
Bought by
Green Eric Philip and Puffer Eve Sullivan
Seller's Agent
Sherwood Strickland
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Sherri Ingle
Intracoastal Realty Corp
List Price
$589,000
Sold Price
$520,000
Premium/Discount to List
-$69,000
-11.71%
Current Estimated Value
$1,180,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$660,196
Avg. Annual Appreciation
14.26%
Original Mortgage
$416,000
Outstanding Balance
$363,632
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$816,564

Purchase Details

Closed on
Oct 4, 2007
Sold by
Portside Properties Llc
Bought by
Tropmann Aaron and Tropmann Cathy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 1995
Sold by
Payne Jerry R
Bought by
Powell Larry A Sonja U
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
Green Eric Philip $520,000 None Available
Tropmann Aaron $770,000 None Available
Powell Larry A Sonja U $135,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Green Eric Philip $416,000
Previous Owner Tropmann Aaron $616,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2019 10/28/19 Sold $520,000 -11.7% $144 / Sq Ft
09/09/2019 09/09/19 Pending -- -- --
06/05/2019 06/05/19 For Sale $589,000 -- $164 / 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 $6,014 $1,343,300 $0 $1,343,300
2023 $5,205 $759,800 $0 $759,800
2022 $5,091 $759,800 $0 $759,800
2021 $5,243 $759,800 $0 $759,800
2020 $5,587 $698,400 $0 $698,400
2019 $5,587 $698,400 $0 $698,400
2018 $5,448 $698,400 $0 $698,400
2017 $5,552 $698,400 $0 $698,400
2016 $4,789 $558,200 $0 $558,200
2015 $4,516 $558,200 $0 $558,200
2014 $4,404 $558,200 $0 $558,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100169524

Hive MLS

APN: R08815-011-007-002