tomo logo

$449,900

Beds
5
Baths
3.5
sq ft
3,132

622 Steele Loop, Wilmington, NC 28411

622 Steele Loop

Wilmington, NC 28411

  • 16 days on market
Discover a lucrative opportunity at 622 Steele Loop, where investment meets comfort in this spacious 5-bedroom home ideally positioned just moments from Wrightsville Beach. Currently leased until July 2025, this property generates a robust $3,347.5 per month in rental income, making it a compelling choice for investors seeking immediate cash flow. This meticulously maintained home features an owner's suite on the first floor, offering convenience and privacy. The aggressive pricing reflects the commitment to honoring the current lease, with a projected cap rate of 7%. Located near Wrightsville Beach, this property not only ensures a steady rental income but also a great opportunity for long-term appreciation. Imagine the allure for tenants seeking proximity to sandy shores and coastal charm. Seize this rare opportunity to add a profitable rental property to your portfolio. Whether you're expanding your investments or entering the rental market, 622 Steele Loop represents a smart choice with its strategic location and reliable income stream. Schedule your showing today and explore the possibilities of owning this exceptional investment property. Don't delay - opportunities like this don't stay on the market for long!

Details

Property type

Single Family Residence

Est. home value

$505,534

Lot size

6,839 sq ft

Price per sq ft

$144

Year built

2014

Annual property taxes

$1,722.16

HOA fee

$400

Price History

06/19/2024
NorthCarolinaRegional

NorthCarolinaRegional #100451381

Listed
$449,900
+57.86%
02/27/2015
NorthCarolinaRegional

NorthCarolinaRegional #30505779

Sold
$285,000

Schools & Community

Neighborhood: 

Murraysville

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

Local Government Fcu

Loan start date

February 2023

Original loan amount

$60,000

Est. remaining balance

Not provided

Interest rate

6.33%

Loan type

Credit Line (Revolving)

Seller

Tomashia L Robinson and Raymond T Robinson

Lender

Gmfs Llc

Loan start date

January 2021

Original loan amount

$266,500

Est. remaining balance

$245,884

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Tomashia L Robinson and Raymond T Robinson

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: 07/04/2024 at 11:10 PM

Listing updated: 06/19/2024 at 5:49 PM

Listed by: Marshall M Pickett, Ivester Jackson Coastal LLC Phone #: (910) 300-5140

MLS: NorthCarolinaRegional #100451381

NorthCarolinaRegional logo

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