tomo logo

$489,000

Beds
2
Baths
2.0
sq ft
1,216

790 New River Inlet Rd Unit 404B, N Topsail Beach, NC 28460

790 New River Inlet Rd Unit 404B

North Topsail Beach, NC 28460

  • 173 days on market
    • Price drop $10,000↓
Seller Financing Available! Don't miss this opportunity to own a stunning beach condo with owner financing options! The seller is offering flexible financing terms to qualified buyers, making it easier for you to secure your dream home by the beach. Competitive interest rate and flexible terms, quick and easy approval process. No need for traditional bank financing! This exquisite unit boasts a direct view of the ocean and courtyard from the fourth floor of the highly sought-after Villa Capriani. Recently renovated, it features elegant LVP flooring throughout, a fresh coat of paint, new light fixtures, and a stunning kitchen with white painted cabinets, quartz countertops, a tile backsplash, and stainless steel appliances (updated in 2021). All electrical fixtures, including switches and outlets, have been modernized. The unit is equipped with two new HVAC systems installed in 2020 and two new water heaters from 2022. Offered fully furnished, the unit displays a keen attention to detail in its decoration, highlighted by an original coral reef painting, which perfectly complements the Pottery Barn sofa in the living room. The layout includes a welcoming foyer and is designed as a lockout unit, featuring a master suite on one side and a secondary bedroom, complete with a bathroom, living area, and kitchen, on the other. Storage is abundant, with several owner's closets and a kitchen pantry, including a closet in the entryway ideal for storing beach equipment. Villa Capriani is an oceanfront community with a resort-like courtyard, multiple swimming pools, hot tubs, and an onsite restaurant that remains open year-round. Transferable home warranty through American Home Shield. There is an annual insurance assessment, which is separate from the HOA dues. The 2024 amount was $12,976.27, payable in 3 payments. Excellent rental potential. Rental projection from VRBO shows $72,275 in rents is possible. Lenders may require an HO6 policy with additional flood coverage.

Details

Property type

Condominium

Est. home value

$472,464

Lot size

Unknown

Price per sq ft

$403

Year built

1988

Annual property taxes

$2,983.75

HOA fee

$9,179.52

Price History

01/17/2025
NorthCarolinaRegional

NorthCarolinaRegional #100464422

Price change
$489,000
-2%
11/18/2024
NorthCarolinaRegional

NorthCarolinaRegional #100464422

Price change
$499,000
-3.09%
10/10/2024
NorthCarolinaRegional

NorthCarolinaRegional #100464422

Price change
$514,900
-1.92%

Schools & Community

Elementary school: 

Coastal

Middle school: 

Dixon

High school: 

Dixon

Community features: 

Pool

High school district: 

Onslow

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

Donald Groff

Loan start date

June 2017

Original loan amount

$202,920

Est. remaining balance

Not provided

Interest rate

4.05%

Loan type

Purchase Money Mortgage, 4 year

Seller

Scott Elliott and Libby Blackley

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: 02/24/2025 at 12:30 AM

Listing updated: 02/17/2025 at 4:27 PM

Listed by: Tenley E. Grazioli, Ocean Life Realty Phone #: (910) 741-4545

MLS: NorthCarolinaRegional #100464422

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