NOT LISTED FOR SALE

7607 E Beach Dr Oak Island, NC 28465

Estimated Value: $1,347,000 - $1,526,000

5 Beds
4 Baths
2,201 Sq Ft
$662/Sq Ft Est. Value

Last Sold December 18, 2015

Last sale price $820,000 $373 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $8,081/month

164 Days on Market

Highlights

  • Marina
  • Ocean Front
  • Golf Course Community
  • Southport Elementary School Rated 9+
  • Community Boat Slip
  • Deck

About This Home

As of December 2015

INVESTORS TAKE NOTICE!! High rental income producer of $91,311.41 gross rentals. THE NUMBERS WORK!! Oceanfront 5 BR, 3 1/2 Bath almost new construction home with swimming pool, 2 oceanfront family rooms, double ocean front decks, an inverted floor plan, awesome views, and elevator! One bedroom and bath has 3' doors to accommodate a wheel chair. Unbelievable ocean front views!! Inverted floor plan to maximize views. This ocean front home towers over neighboring homes to give you great views of the ocean, Bald Head Island, and the beach and to reduce flood insurance costs. Close attention paid to every detail. Second oceanfront family room located on the first floor to give everyone a little more space. Private pool located on the ocean side of the home, outside shower, large kitchen open t

Last Agent to Sell the Property

John Hamilton

Better Beach Sales & Rentals, Inc. License #225370 Listed on: 07/03/2015

Last Buyer's Agent

Paula Lee

Coastwalk Real Estate License #199657

Coastwalk Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,837

Year Built

  • Built in 2013

Lot Details

  • 7,754 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Ocean Front
  • Irrigation
  • Property is zoned OK-R-6MF

Parking

  • Off-Street Parking

Home Design

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

Interior Spaces

  • 2,201 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Furnished
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Ocean Views
  • Storm Windows

Kitchen

  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 207507676849

Community Details

Overview

  • No Home Owners Association
  • E. Long Beach Subdivision

Amenities

  • Picnic Area
  • Restaurant

Recreation

  • Community Boat Slip
  • Marina
  • Golf Course Community
  • Tennis Courts
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,837

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Construction Type: Stick Built
  • New Construction: No
  • Stories Levels: Two
  • Year Built: 2013
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Flooring: Carpet, Wood, Tile
  • Heated Sq Ft: 2200 - 2399
  • Interior Amenities: Blinds/Shades, Wash/Dry Connect, Elevator, Furnished, Ceiling Fan(s)
  • List Price per Sq Ft: 390.69
  • Master Bedroom Level: N/A
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Bedrooms: 5
  • Sq Ft Heated: 2201.00
  • Total Heated Primary Separate Sq Ft: 2201.00

Exterior Features

  • Exterior Features: Irrigation System, Storm Windows
  • Exterior Finish: Vinyl Siding
  • Foundation: Pilings
  • Porch Balcony Deck: Deck, Porch
  • Road Type Frontage: Paved
  • Roof: Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Appliances Equipment: Dishwasher, Refrigerator, Washer, Microwave - Built-In, Dryer, Disposal
  • Cooling System: Central
  • Heating System: Heat Pump
  • Utilities: Sewer Tap Available, Water Tap Available
  • Water Heater: Natural Gas

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: Boat Slip - Not Assigned, Tennis Court(s), Marina, Restaurant, Playground, Picnic Area, Golf Course

Lot Info

  • Deed Page: 647.00
  • Lot Acres: 0.18
  • Lot Dimensions: 50X150
  • Lot Number: 9
  • Lot Sq Ft: 7754.00
  • Special Assessments: Confirmed
  • Zoning: OK-R-6MF
  • Lot View Type: Ocean View, Water View

Green Features

  • Green Bldg Features: None

Tax Info

  • Tax Identifier: 207507676849
  • Tax Year: 2014
  • Total City Real Estate Property Tax: 2837.00
  • Total Real Estate Property Taxes: 2837.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2015
Closed on
Dec 11, 2015
Sold by
Smith Sage Frederick and Leblanc Murielle M
Bought by
Iannucci David E and Iannucci Lynn A
Seller's Agent
John Hamilton
Better Beach Sales & Rentals, Inc.
Buyer's Agent
Paula Lee
Coastwalk Real Estate
List Price
$859,900
Sold Price
$820,000
Premium/Discount to List
-$39,900
-4.64%
Current Estimated Value
$1,456,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$636,943
Avg. Annual Appreciation
6.00%
Original Mortgage
$656,000
Outstanding Balance
$519,475
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$937,468

Purchase Details

Listed on
Apr 1, 2011
Closed on
Feb 14, 2013
Sold by
Miller David P
Bought by
Smith Sage Frederick and Leblanc Murielle M
Seller's Agent
Jack Royal
Intracoastal Realty Corp
Buyer's Agent
Hamilton Young & Riddle
Intracoastal Realty Corp
List Price
$395,000
Sold Price
$240,000
Premium/Discount to List
-$155,000
-39.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.13%
Original Mortgage
$417,000
Interest Rate
3.35%
Mortgage Type
Construction
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
Iannucci David E $820,000 None Available
Smith Sage Frederick $240,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iannucci David E $656,000
Previous Owner Smith Sage Frederick $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/18/2015 12/18/15 Sold $820,000 -4.6% $373 / Sq Ft
12/14/2015 12/14/15 Pending -- -- --
07/03/2015 07/03/15 For Sale $859,900 +258.3% $391 / Sq Ft
02/14/2013 02/14/13 Sold $240,000 -39.2% $109 / Sq Ft View Prior Sale
02/11/2013 02/11/13 Pending -- -- --
04/01/2011 04/01/11 For Sale $395,000 -- $179 / 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 $5,274 $1,275,860 $560,000 $715,860
2024 $5,274 $1,275,860 $560,000 $715,860
2023 $4,496 $1,275,860 $560,000 $715,860
2022 $4,496 $787,820 $350,000 $437,820
2021 $4,436 $787,820 $350,000 $437,820
2020 $4,386 $787,820 $350,000 $437,820
2019 $4,386 $391,350 $350,000 $41,350
2018 $3,288 $291,500 $250,000 $41,500
2017 $3,283 $290,550 $250,000 $40,550
2016 $3,309 $290,550 $250,000 $40,550
2015 $3,233 $577,790 $250,000 $327,790
2014 $2,837 $546,496 $300,000 $246,496
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 20694446

Hive MLS

APN: 250GA00702