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$1,795,000

Beds
2
Baths
2.0
sq ft
1,478

1502 North Lumina Avenue, Wrightsville Beach, NC 28480

1502 North Lumina Avenue

Wrightsville Beach, NC 28480

  • 155 days on market
    • Price drop $200,000↓
Welcome to The Bungalow, a beautifully updated Wrightsville Beach cottage that exudes coastal charm and sophistication. Fully renovated in 2021 by Konrady and Son Construction, this unique property is a grandfathered duplex situated on an expansive R2 lot. Developed by Wrightsville Beach Abodes, known for their bespoke accommodations, The Bungalow offers a premier retreat for modern travelers. Managed by Mirar Mar Vacation Rentals, this property is exceptionally well-positioned as a turnkey investment. Each of the two refined units combines comfort and style, featuring contemporary updates and generous outdoor living spaces, perfect for enjoying the coastal lifestyle. The design allows for ample outdoor areas, providing both units with serene settings to relax and entertain. The two-door garage offers abundant storage, ensuring convenience and functionality. The elegant upstairs unit features a gourmet kitchen, full bath, dining area, master bedroom, spacious living room with additional sleeping accommodations, and a wrap-around porch/back deck, all designed for comfort and style. The charming downstairs unit includes a fully equipped kitchen, full bath, dining area, cozy bedroom, inviting living room with a pullout sofa, and a private fenced-in backyard, offering a peaceful retreat. Both units are tastefully furnished and ready for immediate rental, with detailed 2023 & 2024 YTD rental performance available upon request and signature of confidentiality agreement. The Bungalow is an ideal hands-free lifestyle investment for successful professionals seeking a vacation home that supports itself in one of the East Coast's most desirable beach destinations. With both units coming fully furnished, this property represents a seamless and sophisticated investment opportunity. Embrace the chance to own a piece of Wrightsville Beach's charm and elegance with The Bungalow.

Details

Property type

Single Family Residence

Est. home value

$1,091,440

Lot size

4,792 sq ft

Price per sq ft

$1,215

Year built

1946

Price History

07/27/2024
NorthCarolinaRegional

NorthCarolinaRegional #100451954

Price change
$1,795,000
-10.03%
06/21/2024
NorthCarolinaRegional

NorthCarolinaRegional #100451954

Listed
$1,995,000
+1.01%
06/06/2024
NorthCarolinaRegional

NorthCarolinaRegional #100420036

Removed
$1,975,000

Schools & Community

Elementary school: 

Wrightsville Beach

Middle school: 

Noble

High school: 

Hoggard

Seller’s Loan History

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

Lender

Redstone Funding Llc

Loan start date

February 2022

Original loan amount

$876,400

Est. remaining balance

$825,705

Interest rate

3.12%

Loan type

New Conventional, 30 year

Seller

Lumina Cottage Llc

Lender

Dogwood State Bank

Loan start date

October 2020

Original loan amount

$684,000

Est. remaining balance

Not provided

Interest rate

2.96%

Loan type

Building or Construction Loan

Seller

Lumina Cottage 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: 11/23/2024 at 3:05 PM

Listing updated: 10/14/2024 at 5:30 AM

Listed by: Will C Daube, Cadence Realty Corporation Phone #: (910) 239-7697

MLS: NorthCarolinaRegional #100451954

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