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$495,000

Beds
4
Baths
4.0
sq ft
1,660

235 Oak Crest Drive, Wilmington, NC 28403

235 Oak Crest Drive

Wilmington, NC 28403

  • <1 day on market
This 4-bedroom, 4-bathroom house, built in 2022, offers an exceptional investment opportunity as a rental property. Located just a stone's throw from the University of North Carolina Wilmington (UNCW), it sits in a highly desirable area for both students and faculty members. The home is constructed on a solid concrete slab, eliminating any concerns over crawlspace maintenance, a common issue with older homes. Inside, the property boasts modern finishes, including sleek solid surface flooring throughout and beautiful granite countertops in the kitchen. Each bedroom is equipped with its own en suite bathroom, providing ultimate privacy for tenants—a key feature that will surely attract those seeking a more comfortable and independent living arrangement. The house also features a spacious backyard, perfect for outdoor activities or relaxation, along with a convenient storage shed for extra space. With a market rent of $3,200 per month and no HOA fees, this property is poised to generate solid cash flow with minimal ongoing maintenance costs. The easy access to the Gary Shell Cross City Trail adds further appeal, providing a scenic route directly to downtown Wilmington and the popular Wrightsville Beach. This prime location, combined with the low-maintenance design and modern amenities, makes this home an ideal choice for investors seeking a reliable, profitable rental property near UNCW.

Details

Property type

Single Family Residence

Est. home value

$464,166

Lot size

0.27 acres

Price per sq ft

$299

Year built

2022

Annual property taxes

$2,616.09

HOA

No

Price History

03/18/2025
NorthCarolinaRegional

NorthCarolinaRegional #100495070

Listed
$495,000
+13.79%
07/19/2022
NorthCarolinaRegional

NorthCarolinaRegional #100323205

Sold
$435,000

Schools & Community

Elementary school: 

College Park

Middle school: 

Williston

High school: 

Hoggard

High school district: 

New Hanover

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

Overdrive Investment Solutions Llc

Loan start date

December 2021

Original loan amount

$70,000

Est. remaining balance

Not provided

Interest rate

3.09%

Loan type

Purchase Money Mortgage, 2 year

Seller

Grove Acres Llc

Lender

Eddie Byrd Etal

Loan start date

December 2021

Original loan amount

$175,000

Est. remaining balance

Not provided

Interest rate

3.05%

Loan type

Building or Construction Loan, 2 year

Seller

Grove Acres 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?

Status: Active

Tomo last checked: 03/18/2025 at 5:25 PM

Listing updated: 03/18/2025 at 4:32 PM

Listed by: Jason Bell, Keller Williams Innovate-Wilmington Phone #: (910) 777-2200

MLS: NorthCarolinaRegional #100495070

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