tomo logo

$569,900

Beds
2
Baths
2.0
sq ft
992

8801 Reed Drive Unit 112, Emerald Isle, NC 28594

8801 Reed Drive Unit 112

Emerald Isle, NC 28594

  • 60 days on market
This 2-bedroom, 2-bathroom fully furnished condo at Sound of the Sea offers an incredible ocean view from the balcony and great amenities. Recently updated, the condo features stainless steel appliances, granite countertops, new LVP flooring, and updated bathrooms. Located in a secure, gated community, Sound of the Sea provides access to two swimming pools, a pool house, tennis courts, basketball court and two oceanfront walkways. Additional conveniences include boat/ golf cart storage and an elevator for easy access. The complex is situated near local shopping, dining, and entertainment options. Whether you're seeking a primary residence, a secondary home, or a vacation rental, this condo is an ideal choice.

Details

Property type

Condominium

Est. home value

$502,527

Lot size

Unknown

Price per sq ft

$575

Year built

1986

Annual property taxes

$1,436.68

HOA fee

$10,043.52

Price History

09/04/2024
NorthCarolinaRegional

NorthCarolinaRegional #100464350

Listed
$569,900
+31.01%
03/11/2022
NorthCarolinaRegional

NorthCarolinaRegional #100309423

Sold
$435,000
+14.47%
10/02/2020
NorthCarolinaRegional

NorthCarolinaRegional #100232198

Sold
$380,000

Schools & Community

Elementary school: 

White Oak Elementary

Middle school: 

Broad Creek

High school: 

Croatan

Community features: 

Pool

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

$343,078
Asking price
$569,900
Closing costs (~8% of asking)
-$45,592
Est. remaining loan balance
-$181,230
Cash to seller
$343,078

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

March 2022

Original loan amount

$200,000

Est. remaining balance

$181,230

Interest rate

3.45%

Loan type

New Conventional, 20 year

Seller

Sid A Bendahmane and Sherry A Bendahmane

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?

Similar Homes Nearby

NorthCarolinaRegional
$584,900
2 bd
|
2 ba
|
990 sq ft
|
Condo

8801 Reed Drive Unit 115, Emerald Isle, NC 28594

Price drop
NorthCarolinaRegional
$599,900
2 bd
|
2 ba
|
1,134 sq ft
|
Condo

2913 Pointe West Dr Unit A2, Emerald Isle, NC 28594

NorthCarolinaRegional
$575,000
2 bd
|
2 ba
|
974 sq ft
|
Condo

8801 Reed Drive Unit 314, Emerald Isle, NC 28594

Status: Active

Tomo last checked: 11/03/2024 at 8:50 AM

Listing updated: 10/19/2024 at 11:52 AM

Listed by: Dennis Blazer, Emerald Isle Realty Phone #: (910) 330-1295

MLS: NorthCarolinaRegional #100464350

NorthCarolinaRegional logo