NOT LISTED FOR SALE

8505 E Oak Island Dr Unit 3 Oak Island, NC 28465

Estimated Value: $343,455

3 Beds
2 Baths
1,518 Sq Ft
$150/mo HOA Fee

Last Sold November 05, 2020

Last sale price $190,000 $125 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $2,101/month

132 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Primary Bedroom
  • Solid Surface Countertops
  • Southport Elementary School Rated 9+
  • End Unit
  • Covered Patio or Porch

About This Home

As of November 2020

Easy beach living! This condo is only 3 blocks to the beach and restaurants and shops are nearby. This lovely condo has fresh neutral paint, crown molding and hardwood floors in the main living area and the bonus is big windows which helps keep the space bright and airy. The private entrance up the stairs leads you right to the main living area that features a gas log fireplace and a decorative mantle. There are French doors that open up to a covered porch that sit under palm trees that sway with the ocean breezes. It's a great place to relax, unwind and rinse off after soaking up the sun all day as there is water access to the left of the door. A breakfast bar separates the all-white kitchen cabinets from the living/dining spaces. A laundry closet with washer and dryer hook ups are also on hand. Behind the kitchen is a carpeted master bedroom with trey ceiling and a large walk in closet with water heater. Upstairs are 2 large carpeted guest bedrooms sharing an updated bathroom with a large walk-in shower. The closets to each of them open up to floored storage areas. This condo has a previous rental income of $13,800 annually. The association only allows yearly rentals to prevent the constant turnover of residents. This condo has easy access to golfing, shopping, restaurants and medical facilities. In addition, it is halfway between Wilmington and Myrtle Beach. You can have it all.4

Last Agent to Sell the Property

Joanne Penezic

Coastal Development & Realty Oak Island License #264414 Listed on: 05/05/2020

Last Buyer's Agent

Jennifer Berg

Coastal Development & Realty Oak Island License #271253

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,555

Year Built

  • Built in 2003

HOA Fees

  • $150 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Architectural Shingle Roof
  • Stick Built Home
  • Composite Building Materials

Interior Spaces

  • 1,518 Sq Ft Home
  • 2-Story Property
  • Tray Ceiling
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Blinds
  • Combination Dining and Living Room
  • Laundry closet

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 2 Full Bathrooms
  • Walk-in Shower

Attic

  • Attic Floors
  • Storage In Attic
  • Attic Access Panel

Home Security

Parking

  • Shared Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Covered Patio or Porch
  • End Unit

Listing and Financial Details

  • Assessor Parcel Number 250cj02704

Community Details

Overview

  • Roof Maintained by HOA
  • Live Oak Landing Subdivision
  • Maintained Community

Security

  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,555

Year Built

Built in 2003

Lot Details

0

HOA Fees

$150 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: 2.0
  • Stories Levels: 2nd Floor Unit, End Unit
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Attic: Access Only, Eave Storage, Floored
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: 1
  • Flooring: Carpet, Tile, Wood
  • Heated Sq Ft: 1400 - 1599
  • Interior Amenities: 9Ft+ Ceilings, Solid Surface, Walk-In Closet, Walk-in Shower, Gas Logs, Ceiling Fan(s), Ceiling - Trey, Blinds/Shades
  • Laundry Location: Closet
  • List Price per Sq Ft: 131.09
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Number Rooms: 4
  • Sq Ft Heated: 1518.00
  • Total Heated Primary Separate Sq Ft: 1518.00

Exterior Features

  • Exterior Features: DP50 Windows, Storm Windows, Gas Logs
  • Exterior Finish: Composition
  • Fencing: None
  • Foundation: See Remarks
  • Porch Balcony Deck: Covered, Porch
  • Road Type Frontage: Maintained, Public (City/Cty/St), Paved
  • Roof: Architectural Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Garage And Parking Other See Remarks: Parking Lot
  • Parking Driveway: Off Street, Shared, Paved, On Site

Utilities

  • Appliances Equipment: Dishwasher, Stove/Oven - Electric, Refrigerator, Microwave - Built-In, Disposal
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Brunswick Electric
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Maint - Comm Areas, Sidewalk, Taxes, Roof, Maintenance Structure, Maint - Grounds
  • HOAAssociationFee1Year: 1800.00

Lot Info

  • Deed Page: 774.00
  • Plat Book: CB 9
  • Plat Page: 254
  • Special Assessments: None known
  • Zoning: Mixed use

Tax Info

  • Tax Identifier: 250cj02704
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2020
Closed on
Nov 5, 2020
Sold by
Bieber Martin and Bieber Lynn M
Bought by
Caudle Joseph and Caudle Suzanne
Seller's Agent
Joanne Penezic
Coastal Development & Realty Oak Island
Buyer's Agent
Jennifer Berg
Coastal Development & Realty Oak Island
List Price
$199,000
Sold Price
$190,000
Premium/Discount to List
-$9,000
-4.52%
Current Estimated Value
$343,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,455
Avg. Annual Appreciation
12.76%
Original Mortgage
$152,000
Outstanding Balance
$135,501
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$207,954

Purchase Details

Listed on
May 31, 2013
Closed on
Jun 25, 2013
Sold by
Kingman Paul J and Wilding Marcella
Bought by
Bieber Martin and Bieber Lynn M
Seller's Agent
Allyn Heck
Three Rivers Realty of Brunswick County, LLC
Buyer's Agent
Jennifer Berg
Coastal Development & Realty Oak Island
List Price
$169,000
Sold Price
$165,000
Premium/Discount to List
-$4,000
-2.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.95%

Purchase Details

Closed on
Jan 20, 2005
Sold by
Spence Ashley and Parker Kristin M
Bought by
Kingman Paul J and Wilding Mercella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,800
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Caudle Joseph $190,000 First American Mortgage Sln
Bieber Martin $165,000 None Available
Kingman Paul J $206,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caudle Joseph $152,000
Previous Owner Kingman Paul J $164,800
Previous Owner Kingman Paul J $30,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/05/2020 11/05/20 Sold $190,000 -4.5% $125 / Sq Ft
09/14/2020 09/14/20 Pending -- -- --
05/05/2020 05/05/20 For Sale $199,000 +20.6% $131 / Sq Ft
07/12/2013 07/12/13 Sold $165,000 -2.4% $110 / Sq Ft View Prior Sale
07/12/2013 07/12/13 Pending -- -- --
05/31/2013 05/31/13 For Sale $169,000 -- $113 / 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 $1,555 $302,350 $0 $302,350
2024 $1,555 $302,350 $0 $302,350
2023 $1,153 $302,350 $0 $302,350
2022 $1,153 $151,040 $0 $151,040
2021 $1,093 $151,040 $0 $151,040
2020 $1,043 $151,040 $0 $151,040
2019 $1,043 $0 $0 $0
2018 $1,007 $0 $0 $0
2017 $1,007 $0 $0 $0
2016 $982 $0 $0 $0
2015 $982 $168,050 $0 $168,050
2014 $1,043 $195,530 $0 $195,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100216239

Hive MLS

APN: 250CJ02704