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$579,000

Beds
2
Baths
2.0
sq ft
864

1000 Caswell Beach Rd Unit 405, Oak Island, NC 28465

1000 Caswell Beach Rd Unit 405

Oak Island, NC 28465

  • 4 days on market
Rare opportunity to purchase an oceanfront condo in the Oak Island Beach Villas complex! Modern and well-maintained, this 2 bedroom 2 bath unit offers amazing views from both the living room and the covered balcony. Enjoy your morning coffee with a beautiful sunrise or relax with your favorite beverage watching a gorgeous sunset! Balcony furniture allows seaside dining as a daily treat. This nicely updated and fully furnished condo, complete with tasteful nautical decor, is ready to be your lucrative investment property, welcoming primary home, or dream vacation retreat. Currently in a rental program, this desirable property has a strong rental history. Recent upgrades include new kitchen cabinets and granite countertops (2021), stainless appliances, HVAC (2020), water heater (2020), as well as new LVP flooring in 2019. The Oak Island Beach Villas offer a seasonal community pool with a sunning deck looking out to the Atlantic Ocean, a covered picnic area with park grills, and covered parking. Each building has an outside shower for rinsing off after a day of fun in the sun. Each condo has a large, private storage space for beach chairs, toys, etc., as well as a smaller owner's closet. The complex is within walking distance to the pier and oceanfront restaurants, and across the street from the Oak Island Golf Club and Duffer's Bar and Grill. It is also convenient to other local restaurants, shops and parks, and a short drive to the Oak Island Lighthouse, The historic town of Southport and the Fort Fisher Ferry are just a few miles away.

Details

Property type

Condominium

Est. home value

$554,883

Lot size

Unknown

Price per sq ft

$671

Year built

1982

Annual property taxes

$2,827.38

HOA fee

$8,281.2

Price History

01/03/2025
NorthCarolinaRegional

NorthCarolinaRegional #100481835

Listed
$579,000
+12.43%
07/05/2022
NorthCarolinaRegional

NorthCarolinaRegional #100325053

Sold
$515,000

Schools & Community

Elementary school: 

Southport

Middle school: 

South Brunswick

High school: 

South Brunswick

Community features: 

Pool

High school district: 

Brunswick County Schools

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$95,663
Asking price
$579,000
Closing costs (~8% of asking)
-$46,320
Est. remaining loan balance
-$437,017
Cash to seller
$95,663

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Truist Bank

Loan start date

June 2022

Original loan amount

$453,600

Est. remaining balance

$437,017

Interest rate

5.27%

Loan type

New Conventional, 30 year

Seller

Robert Jeffery Hauser and Margaret Ortiz Hauser

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/06/2025 at 10:30 PM

Listing updated: 01/03/2025 at 9:32 AM

Listed by: Daniel C Ward, Coastal ERA Phone #: (910) 278-5523

MLS: NorthCarolinaRegional #100481835

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