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$1,200,000

Beds
5
Baths
4.5
sq ft
2,457

3876 Island Drive, Sneads Ferry, NC 28460

3876 Island Drive

North Topsail Beach, NC 28460

  • Coming soon
If you're looking for a prime investment opportunity on North Topsail Beach, this 5-bedroom, 4.5-bath oceanfront townhouse with sound and ocean views is a must-see! These owners used mainly for personal use, however possible rental projection for this listing came in at 125K to 132K . The sellers have spared no expense, with recent updates including a brand-new HVAC system in 2024, fresh paint, updated furniture, new flooring, new dishwasher and updated décor—all in the past two years. These improvements ensure this home is not only move-in ready but also a dream for vacationers. With its spacious layout and unbeatable ocean views, this property is primed for maximum rental potential. Plus, it's completely turnkey—ready to go from day one! Furniture is included and the sellers are even including all rental and cleaning supplies, so you can start generating income immediately. The home's updates don't stop at the interior. Last year, sellers performed roof and flashing updates, a brand-new 6-person hot tub was added along with durable polywood outdoor furniture—perfect for relaxing and watching the sunset after a day on the beach. Inside, you'll find fun and entertainment for all ages, with a game room, movie theater area, and new arcade games. With multiple decks and an expanded driveway, there's plenty of room for family and guests to spread out and enjoy everything Topsail Island has to offer. This property offers everything you could want: a fantastic location, recent updates, rental-ready features, and the opportunity to start making memories or rental income right away, schedule your showing for this oceanfront gem!

Details

Property type

Townhouse

Est. home value

$1,030,132

Lot size

1,307 sq ft

Price per sq ft

$489

Year built

2006

Price History

09/14/2023
NorthCarolinaRegional

NorthCarolinaRegional #100394673

Sold
$1,040,000
+56.39%
04/24/2020
NorthCarolinaRegional

NorthCarolinaRegional #100108422

Sold
$665,000

Schools & Community

Elementary school: 

Coastal

Middle school: 

Dixon

High school: 

Dixon

High school district: 

Onslow

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

$414,599
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$689,401
Cash to seller
$414,599

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

Seller’s Loan History

Lender

Intercoastal Mortgage

Loan start date

August 2023

Original loan amount

$700,000

Est. remaining balance

$689,401

Interest rate

6.81%

Loan type

New Conventional, 30 year

Seller

Dale Lavern Schrack and Melissa Lea Schrock

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: Coming Soon

Tomo last checked: 02/03/2025 at 7:00 AM

Listing updated: 01/31/2025 at 3:12 PM

Listed by: Andrea Ana Scott, Better Homes and Gardens Real Estate Treasure 4 Phone #: (910) 327-4444

MLS: NorthCarolinaRegional #100485342

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