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$1,200,000

Beds
8
Baths
4.0
sq ft
2,742

1008 Ocean Boulevard, Holly Ridge, NC 28445

1008 Ocean Boulevard

Topsail Beach, NC 28445

  • 283 days on market
    • Price drop $100,000↓
Exceptional opportunity to own one of the few quadraplexes on the entire island of Topsail. This unique property consists of 4 separate units, each unit is equipped with 2 bedrooms, 1 full bath, full kitchen, living room, and abundant character composed of the original knotty pine throughout. Which gives each unit, the highly sought after, beach cottage vibe. Yet the long list of upgrades (electrical, bathrooms, kitchens, etc) provides the modern touch we all prefer in a property, as well as our vacation beach house. This property is the ideal rental investment, and has the potential to be a cash cow. 4 separate, 2nd row, ocean, and sound view, vacation rentals located in the heart of Topsail Beach. Which has been ranked in the Top 10 ''small town'' beach towns in America, and this location is in walking distance to everything (beach, public sound access, restaurants, putt putt, Jolly Roger Pier, and City Park.

Details

Property type

Single Family Residence

Est. home value

$1,051,307

Lot size

5,240 sq ft

Price per sq ft

$438

Year built

1955

Price History

10/09/2024
NorthCarolinaRegional

NorthCarolinaRegional #100433160

Listed
$1,200,000
10/02/2024
NorthCarolinaRegional

NorthCarolinaRegional #100433160

Removed
$1,200,000
08/24/2024
NorthCarolinaRegional

NorthCarolinaRegional #100433160

Price change
$1,200,000
-7.69%

Schools & Community

Elementary school: 

Surf City

Middle school: 

Surf City

High school: 

Topsail

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

$741,263
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$362,737
Cash to seller
$741,263

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

Seller’s Loan History

Lender

Marine Fcu

Loan start date

August 2021

Original loan amount

$450,000

Est. remaining balance

$362,737

Interest rate

2.26%

Loan type

New Conventional, 15 year

Seller

Emerson Treasures Llc

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?

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Status: Active

Tomo last checked: 12/23/2024 at 11:05 AM

Listing updated: 10/09/2024 at 9:27 AM

Listed by: Garrett D Cox, Coastal Realty Associates, LLC Phone #: (910) 928-8036

MLS: NorthCarolinaRegional #100433160

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