NOT LISTED FOR SALE

8611 Ocean View Dr Unit E&W Emerald Isle, NC 28594

Estimated Value: $1,406,000 - $1,990,618

8 Beds
4 Baths
2,428 Sq Ft
$740/Sq Ft Est. Value

Last Sold January 05, 2022

Last sale price $1,400,000 $577 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $10,010/month

78 Days on Market

Highlights

  • Waterfront
  • Water Views
  • Ocean Side of Freeway
  • White Oak Elementary School Rated A-
  • Water Access
  • Deck

About This Home

As of January 2022

OCEANFRONT, HUGE Duplex size lot. GREAT location, in the heart of Emerald Isle close to dining, shopping and recreation. Ride your golf cart to everywhere you need to go. No flood insurance required per preliminary flood maps. Both sides of the duplex have 4 bedrooms and 2 bathrooms. Downstairs on the East side, there is a small owner's apartment with separate access. Spacious composite decking on the oceanfront, another observation deck over the dunes. Open concept living room and kitchen. Lots of character and so much potential. Established rental history.

Last Agent to Sell the Property

Heather Singleton

Emerald Isle Realty License #236652 Listed on: 07/28/2021

Last Buyer's Agent

Charles Egerton

RE/MAX Ocean Properties EI License #237574

RE/MAX Ocean Properties EI

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,534

Year Built

  • Built in 1978

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 75x252x75x252
  • End Unit

Parking

  • Unpaved Parking

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof
  • Piling Construction
  • Composite Building Materials

Interior Spaces

  • 4 Bathrooms
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Water Views

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher

Flooring

  • Laminate
  • Vinyl

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Ocean Side of Freeway
  • Deck
  • Covered Patio or Porch

Location

  • Ground Level Unit

Schools

  • Broad Creek Middle School
  • Croatan High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 538312865578000

Community Details

Overview

  • No Home Owners Association

Recreation

  • Waterfront

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,534

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: C
  • Sub Type: Duplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: 2nd Floor, End Unit, Ground
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Blinds/Shades, Ceiling Fan(s), Furnished
  • Laundry Location: Hookup - Dryer, Hookup - Washer
  • List Price per Sq Ft: 638.39
  • Total Bathrooms: 4.00
  • Number Bedrooms Total: 8
  • Total Heated Sq Ft: 2428.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Composition
  • Fencing: None
  • Foundation: Pilings
  • Porch Balcony Deck: Covered, Deck, Open
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Composition
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Unpaved

Utilities

  • Appliances Equipment: Dishwasher, Dryer, Microwave - Built-In, Refrigerator, Stove/Oven - Electric, Washer
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Carteret-Craven Electric Cooperative
  • Service Providers Water Provider: Bogue Banks Water Corp
  • Utilities: Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities
  • Property Mgmt Company: Yes

Lot Info

  • Deed Book: 1319
  • Deed Page: 109.00
  • Lot Acres: 0.43
  • Lot Dimensions: 75x252x75x252
  • Lot Number: 1
  • Lot Sq Ft: 18731.00
  • Lot Water Features: Ocean Side, Water Access Comm, Waterfront Comm
  • Plat Book: 7
  • Plat Page: 60
  • Zoning: Res

Rental Info

  • Pets: No

Tax Info

  • Tax Identifier: 538312865578000
  • Tax Year: 2020
  • Total Real Estate Property Taxes: 5533.90

Multi Family

  • Number Total Units: 2

MLS Schools

  • High School: Croatan
  • Middle School: Broad Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2021
Closed on
Jan 5, 2022
Sold by
Montgomery Louise Taylor and Montgomery Oma Louise
Bought by
The Sandy Yang Yu Revocable Living Trust
Seller's Agent
Heather Singleton
Emerald Isle Realty
Buyer's Agent
Charles Egerton
RE/MAX Ocean Properties EI
List Price
$1,550,000
Sold Price
$1,400,000
Premium/Discount to List
-$150,000
-9.68%
Current Estimated Value
$1,796,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,405
Avg. Annual Appreciation
6.76%
Original Mortgage
$1,050,000
Outstanding Balance
$967,832
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$828,573

Purchase Details

Closed on
Aug 15, 2009
Sold by
Montgomery Monte P
Bought by
Montgomery Oma Taylor
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
The Sandy Yang Yu Revocable Living Trust $1,400,000 None Available
Montgomery Oma Taylor -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Sandy Yang Yu Revocable Living Trust $1,050,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2022 03/29/22 For Sale $1,550,000 +10.7% $638 / Sq Ft
01/06/2022 01/06/22 Off Market $1,400,000 -- --
01/05/2022 01/05/22 Sold $1,400,000 -9.7% $577 / Sq Ft
10/14/2021 10/14/21 Pending -- -- --
07/28/2021 07/28/21 For Sale $1,550,000 -- $638 / 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 $7,055 $1,786,121 $1,377,950 $408,171
2024 $6,427 $1,051,219 $807,075 $244,144
2023 $6,334 $1,051,219 $807,075 $244,144
2022 $6,189 $1,051,219 $807,075 $244,144
2021 $0 $1,051,219 $807,075 $244,144
2020 $6,044 $1,051,219 $807,075 $244,144
2019 $2,838 $910,634 $683,640 $226,994
2017 $2,838 $910,634 $683,640 $226,994
2016 $2,818 $910,634 $683,640 $226,994
2015 $2,728 $904,233 $683,640 $220,593
2014 -- $865,234 $649,080 $216,154
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100283803

Hive MLS

APN: 5383.12.86.5578000