tomo logo

$1,100,000

Beds
5
Baths
3.0
sq ft
1,722

1307 W Beach Dr, Oak Island, NC 28465

1307 W Beach Dr

Oak Island, NC 28465

  • 164 days on market
    • Price drop $100,000↓
$95,313. Gross last year for this oceanfront home is built solid & has withstood the tests of time!!! The ONE & ONLY! Yes, this is the ONLY Oceanfront home on Oak Island available at this low price with Grandfathered ground floor living. Timeless classic cottage pairs the wistful wisp of nostalgia with modern day coastal charm. The painted exposed ceiling beams coupled with modern upgrades along with Sand, Salt, Sea, & Sunsets - what more could you want!! Well maintained Oceanfront home with plenty of space for family and friends. Numerous improvements/upgrades, yet the classic beach charm is retained. Imagine spending your evenings on your private porch with the ocean breeze and watching spectacular sunsets or stay inside & gaze at the ocean! Ground floor has access from upstairs or its own exterior entrance. Upper level features spacious great room, kitchen along with 2 bedrooms and a full bath. Lower level features 3 bedrooms and 2 full baths, large room for hang out space plus laundry. This home has withstood the tests of time and still standing strong. Located on the oceanfront with mat access over the dune. Renters LOVE this home, so if you want to reserve time for yourself, we suggest you act quickly. Off season repeat renter would love to keep returning. Appliances and furniture included! Are you ready for BEACH life? The town of Oak Island offers numerous amenities such as golf, tennis, basketball, splash pad, dog park, picnic area, boat launches & public docks & water accesses yet NO hoa fees! Low cost flood insurance is assumable.

Details

Property type

Single Family Residence

Est. home value

$1,069,180

Lot size

8,250 sq ft

Price per sq ft

$639

Year built

1963

Price History

07/28/2024
NorthCarolinaRegional

NorthCarolinaRegional #100440965

Price change
$1,100,000
-8.33%
06/10/2024
NorthCarolinaRegional

NorthCarolinaRegional #100440965

Listed
$1,200,000
06/08/2024
NorthCarolinaRegional

NorthCarolinaRegional #100440965

Removed
$1,200,000

Schools & Community

Elementary school: 

Southport

Middle school: 

South Brunswick

High school: 

South Brunswick

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

$333,667
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$678,333
Cash to seller
$333,667

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

Seller’s Loan History

Lender

Atlantic Bay Mortgage Group Llc

Loan start date

April 2022

Original loan amount

$710,000

Est. remaining balance

$678,333

Interest rate

3.89%

Loan type

New Conventional, 30 year

Seller

Flavil Hampsten and Ashlee Hampsten

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: 10/05/2024 at 9:30 PM

Listing updated: 09/16/2024 at 3:07 AM

Listed by: Kim S Anderson, Art Skipper Realty Inc. Phone #: (910) 278-6730

MLS: NorthCarolinaRegional #100440965

NorthCarolinaRegional logo

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