tomo logo

$1,790,000

Beds
8
Baths
5.0
sq ft
4,400

1617 S Shore Dr, Holly Ridge, NC 28445

1617 S Shore Dr

Surf City, NC 28445

  • 158 days on market
LAST CHANCE BEFORE SELLER TAKES HOME OFF MARKET! Don't miss this opportunity to purchase at this price before the seller makes improvements and relists at a higher price. Median Projected Rental Income: As-Is: $175,500/year With Pool Added: $207,275/year Investors & Coastal Enthusiasts, this is your moment! The seller is offering $20,000 in concessions to build a front deck or use as you choose. Located in Flood Zone X, so no flood insurance is required. This luxurious 8-bedroom, 5-bathroom Surf City home is priced below appraised value and includes plans for a future pool, boosting rental and resale potential. Built in 2024, this 4,400 sq. ft. property is designed for coastal living and entertaining, featuring two large 32 x 16 ft. covered Trex decks. The interior is finished with high-end touches like Dekton Trance countertops, LVP flooring, and an elevator for convenience. Fully furnished and turnkey, it's ready for immediate use. Property Highlights: Energy-efficient with summer electric bills averaging only $244/month No flood insurance needed (Flood Zone X) Includes plans for a future pool to maximize rental appeal This is an extraordinary opportunity to invest in a prime coastal property that blends luxury, location, and exceptional income potential. Act now to secure your coastal oasis before it's taken off the market!

Details

Property type

Single Family Residence

Est. home value

$1,020,046

Lot size

6,795 sq ft

Price per sq ft

$407

Year built

2024

Annual property taxes

$2,607.99

Price History

12/08/2024
NorthCarolinaRegional

NorthCarolinaRegional #100456266

Price change
$1,790,000
+0.06%
10/23/2024
NorthCarolinaRegional

NorthCarolinaRegional #100456266

Price change
$1,789,000
-0.06%
10/03/2024
NorthCarolinaRegional

NorthCarolinaRegional #100456266

Price change
$1,790,000
-5.04%

Schools & Community

Elementary school: 

North Topsail

Middle school: 

Topsail

High school: 

Topsail

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

Cooperative Bank

Loan start date

October 2005

Original loan amount

$729,600

Est. remaining balance

Not provided

Interest rate

5.8%

Loan type

Building or Construction Loan

Seller

M K Homes Inc

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 7:10 AM

Listing updated: 12/08/2024 at 10:12 AM

Listed by: Kris M Summers, Coldwell Banker Sea Coast Advantage-Hampstead Phone #: (910) 270-8880

MLS: NorthCarolinaRegional #100456266

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