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$344,900

Beds
1
Baths
1.5
sq ft
550

1618 Canal Drive Unit C40, Carolina Beach, NC 28428

1618 Canal Drive Unit C40

Carolina Beach, NC 28428

  • 218 days on market
    • Price drop $5,100↓
Discover your slice of paradise in Seascape, arguably Carolina Beach's finest community, with this first-floor condo that comes fully furnished, including beach chairs. This charming end unit features one bedroom, one and a half baths, and comfortably sleeps four with a pull-out couch. It boasts a stocked kitchen, convenient on-site laundry, and ample parking, making it an ideal beach getaway or investment property. The covered balcony offers serene views of a tropical courtyard and a refreshing community pool. With the HOA covering all insurance for the exterior building, pool, and landscaping, as well as cable, you'll have peace of mind. Located just steps from the beach, the North End Pier, and Tiki Bar, and only 1.5 miles from downtown Carolina Beach's nightlife, shopping, and attractions, this condo is a hidden gem. Currently generating over $35k annually on Airbnb, this turnkey investment opportunity is not to be missed.

Details

Property type

Condominium

Est. home value

$356,446

Lot size

Unknown

Price per sq ft

$628

Year built

1985

Annual property taxes

$1,266.16

HOA fee

$4,800

Price History

10/05/2024
NorthCarolinaRegional

NorthCarolinaRegional #100445641

Price change
$344,900
-1.46%
06/08/2024
NorthCarolinaRegional

NorthCarolinaRegional #100445641

Removed
$350,000
05/21/2024
NorthCarolinaRegional

NorthCarolinaRegional #100445641

Listed
$350,000
+160.22%

Schools & Community

Elementary school: 

Carolina Beach

Middle school: 

Murray

High school: 

Ashley

Community features: 

Pool

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

$66,971
Asking price
$344,900
Closing costs (~8% of asking)
-$27,592
Est. remaining loan balance
-$250,337
Cash to seller
$66,971

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

Seller’s Loan History

Lender

Radius Financial Group Inc

Loan start date

January 2023

Original loan amount

$256,000

Est. remaining balance

$250,337

Interest rate

6.49%

Loan type

New Conventional, 30 year

Seller

John F Scaro and Joanne Scaro

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: 12/25/2024 at 12:15 AM

Listing updated: 11/21/2024 at 2:37 PM

Listed by: Wendy G Thompson, Real Broker LLC Phone #: (919) 348-2585

MLS: NorthCarolinaRegional #100445641

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