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$598,630

Beds
3
Baths
2.0
sq ft
1,283

408 Lee Avenue, Emerald Isle, NC 28594

408 Lee Avenue

Emerald Isle, NC 28594

  • 3 days on market
Situated in the heart of Emerald Isle, just a short bike or golf cart ride to the ocean, sound, and all the town's top attractions, this 3-bedroom, 2-bath home offers the perfect blend of coastal living and serene privacy. Perched on a high lot with no flood insurance required, this soundside retreat is surrounded by lush trees and bamboo, creating a peaceful oasis in the sought-after Archers Creek neighborhood. Beyond its welcoming community—with some of the friendliest neighbors in town—you'll also share the area with local deer, egrets, and majestic blue herons. Enjoy the sights and sounds of nature from the screened-in porch or take in the fresh island breeze from the two levels of spacious decks. Whether you're searching for the perfect island starter home or a prime investment opportunity, 408 Lee Avenue is ready to welcome you. Don't miss your chance to own a slice of paradise—schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$542,174

Lot size

0.29 acres

Price per sq ft

$467

Year built

1984

Annual property taxes

$1,431.17

HOA

No

Price History

03/27/2025
NorthCarolinaRegional

NorthCarolinaRegional #100497014

Listed
$598,630
06/10/2024
NorthCarolinaRegional

NorthCarolinaRegional #100005048

Removed
05/30/2019
NorthCarolinaRegional

NorthCarolinaRegional #100151742

Sold
$264,900
+15.17%

Schools & Community

Elementary school: 

White Oak Elementary

Middle school: 

Broad Creek

High school: 

Croatan

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

$315,520
Asking price
$598,630
Closing costs (~8% of asking)
-$47,890
Est. remaining loan balance
-$235,220
Cash to seller
$315,520

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

Seller’s Loan History

Lender

Mortgage Research Center Llc

Loan start date

May 2019

Original loan amount

$264,900

Est. remaining balance

$235,220

Interest rate

4.08%

Loan type

VA, 30 year

Seller

Luke Casimir Ferricher and Michelle R Ferricher

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: 03/30/2025 at 7:35 PM

Listing updated: 03/28/2025 at 10:01 AM

Listed by: Heidi Barlow, Emerald Isle Realty Phone #: (910) 477-2812

MLS: NorthCarolinaRegional #100497014

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