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$1,100,000

Beds
4
Baths
2.0
sq ft
1,565

601 E Beach Dr, Oak Island, NC 28465

601 E Beach Dr

Oak Island, NC 28465

  • 43 days on market
    • Price drop $199,900↓
What a ''Charming'' Oceanfront, Remodeled, Fully Furnished 4-bedroom Cottage. ''THE PINK PELICAN'' is a paradise located on a corner lot on the beautiful beaches of Oak Island. Sit on the large deck that encompasses the entire back of the house and watch the waves, smell the ocean air, catch those sunrays, entertain and enjoy the sunsets and sunrises. Let's not forget the dolphins jumping or all the different birds of the coast. Step off the back deck to a short path to the ocean. The house was REMODELED after the current owners purchased it in 2020 including - New Kitchen cabinets, marble countertops, stainless steel appliances. LVP and Tile flooring, bathrooms remodeled, inside painted, new deck and handrails, new roof 3 years, new HVAC and ductwork 2 years, plus Hardie board siding painted 2 years ago. Property is on the VRBO rental program and has averaged $78,000 per year for the past 3 years. The rental is pet free and smoke free. The furnishings are only a few years old and boast a clean modern look. This home is a wonderful family beach house OR a great investment opportunity. PLEASE come take a look as you will not be disappointed. Located close to restaurants and shopping and entertainment. Just a 45-minute drive to N Myrtle Beach or Wilmington.

Details

Property type

Single Family Residence

Est. home value

$760,091

Lot size

7,362 sq ft

Price per sq ft

$703

Year built

1984

Annual property taxes

$5,700

Price History

08/23/2024
NorthCarolinaRegional

NorthCarolinaRegional #100459836

Price change
$1,100,000
-15.38%
08/07/2024
NorthCarolinaRegional

NorthCarolinaRegional #100459836

Listed
$1,299,900
+194.1%
03/19/2020
NorthCarolinaRegional

NorthCarolinaRegional #100145710

Sold
$442,000

Schools & Community

Elementary school: 

Southport

Middle school: 

South Brunswick

High school: 

Unknown

High school district: 

Brunswick County Schools

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

$649,929
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$362,071
Cash to seller
$649,929

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

March 2020

Original loan amount

$397,800

Est. remaining balance

$362,071

Interest rate

3.65%

Loan type

New Conventional, 30 year

Seller

Chase Walker and Melissa Walker

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: 09/19/2024 at 12:05 PM

Listing updated: 09/06/2024 at 12:01 PM

Listed by: Kathy A MacNish, Margaret Rudd Assoc/O.I. Phone #: (910) 278-5213

MLS: NorthCarolinaRegional #100459836

NorthCarolinaRegional logo

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