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$480,000

Beds
2
Baths
2.0
sq ft
842

709 Canal Drive Unit Apt 1a, Carolina Beach, NC 28428

709 Canal Drive Unit Apt 1a

Carolina Beach, NC 28428

  • 1 day on market
Stunning Waterfront Condo in the Heart of Carolina Beach This beautifully updated 2-bedroom, 2-bathroom canal front condo offers the perfect blend of comfort and coastal living, just steps from the beach! Recently renovated with new appliances and elegant quartz countertops, this home is move-in ready and designed for relaxation. Whether you want to enjoy the lively entertainment and shopping in the area or unwind in your private outdoor space, this condo has it all. Features & Highlights: Waterfront Location: Enjoy picturesque views of the canal and easy access to water activities like kayaking, paddleboarding, and fishing from your private dock. Outdoor Living: The spacious deck is ideal for watching breathtaking sunsets, enjoying the coastal breeze, and even catching the weekly seasonal fireworks display and annual holiday flotilla. Well-Maintained: The condo boasts recent upgrades, including new dock (2024), new decks, rails, and stairs (2021), plus a new roof (2018), offering peace of mind for years to come. Convenient Amenities: Water, sewer, trash, cable, internet, master, and flood insurance are all included in the Snug Harbour HOA dues, making for hassle-free living. Prime Location: Just a short walk from the beach, local shops, and restaurants, yet only a 20-30 minute drive to Wilmington for additional amenities and attractions. Endless Recreation: From spending the day on the sand to exploring the Aquarium at Fort Fisher or relaxing at the tiki bar at the Carolina Beach Pier, you'll never run out of things to do. Strong Investment Opportunity: While short-term rentals are not permitted, this condo has great potential for long-term rentals, making it an excellent investment for future rental income. Additional Notes: Located in the AE 11 flood zone. Boat slips and waterfront properties are in high demand, and this one won't last long. Schedule your appointment today to see it for yourself!

Details

Property type

Condominium

Est. home value

$454,339

Lot size

Unknown

Price per sq ft

$571

Year built

1984

Annual property taxes

$1,400.14

HOA fee

$4,500

Price History

11/07/2024
NorthCarolinaRegional

NorthCarolinaRegional #100474749

Listed
$480,000
+6.67%
09/22/2022
NorthCarolinaRegional

NorthCarolinaRegional #100344893

Sold
$450,000

Schools & Community

Elementary school: 

Carolina Beach

Middle school: 

Murray

High school: 

Ashley

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

$48,737
Asking price
$480,000
Closing costs (~8% of asking)
-$38,400
Est. remaining loan balance
-$392,863
Cash to seller
$48,737

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

Seller’s Loan History

Lender

Atlantic Bay Mortgage Group Llc

Loan start date

September 2022

Original loan amount

$405,000

Est. remaining balance

$392,863

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

James Lloyd Koehler Jr

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: 11/08/2024 at 8:20 AM

Listing updated: 11/07/2024 at 10:27 AM

Listed by: Renee W Reitzel, Nest Realty Phone #: (910) 550-2788

MLS: NorthCarolinaRegional #100474749

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