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$825,000

Beds
3
Baths
1.5
sq ft
1,168

601 Emerald Drive, Emerald Isle, NC 28594

601 Emerald Drive

Emerald Isle, NC 28594

  • 266 days on market
    • Price drop $24,000↓
A RARE FIND INDEED! -- OCEAN VIEWS WITH ROOM FOR MORE!! Whether coming to the island to find home or to invest well... There is easy access to both the ocean and the sound front. Enjoy your morning coffee on the deck with warm sea breezes washing over you. Take a tour of the Bogue intercoastal on a kayak. And, finish the day with a nice hot tub soak under the privacy of a beautiful canvas sail. This 3 bedroom 2 bath home was torn down to the studs and thoughtfully remodeled. Check out the Additional Information sheet that includes replacement of roof, windows (DP50 rated), doors, electrical, and so much more. It is positioned on high ground and borders Emerald Drive, 6th Street, & Ocean Drive. The town of Emerald Isle has given permission to build a second home (2400 SF or larger) on the same lot. You could rent out the bungalow while you build your dream house; or, you could expand the existing structure with an ultimate outdoor living space including a larger deck and pool. There is so much to do with this property. Make a point to schedule your showing today.

Details

Property type

Single Family Residence

Est. home value

$676,546

Lot size

0.23 acres

Price per sq ft

$707

Year built

1967

Annual property taxes

$1,801.76

Price History

10/02/2024
NorthCarolinaRegional

NorthCarolinaRegional #100424147

Listed
$825,000
09/17/2024
NorthCarolinaRegional

NorthCarolinaRegional #100424147

Pending
$825,000
07/29/2024
NorthCarolinaRegional

NorthCarolinaRegional #100424147

Price change
$825,000
-2.83%

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

$414,996
Asking price
$825,000
Closing costs (~8% of asking)
-$66,000
Est. remaining loan balance
-$344,004
Cash to seller
$414,996

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

November 2020

Original loan amount

$376,800

Est. remaining balance

$344,004

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Earl K Cochran Iv and Darlene A Cochran

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: 10/18/2024 at 4:25 AM

Listing updated: 10/11/2024 at 10:36 AM

Listed by: Tyler Marcell, Advantage Coastal Properties Phone #: (252) 354-9000

MLS: NorthCarolinaRegional #100424147

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