tomo logo

$349,999

Beds
1
Baths
1.0
sq ft
800

8801 Reed Drive Unit 113, Emerald Isle, NC 28594

8801 Reed Drive Unit 113

Emerald Isle, NC 28594

  • 211 days on market
    • Price drop $7,501↓
Nestled along the pristine shores of Emerald Isle sits a charming one-bedroom, one -bathroom condo in the sought-after Sound of the Sea complex. With its picturesque views of the rolling waves and salty sea breeze, this cozy retreat offers a tranquil escape from the hustle and bustle of everyday life. The open-concept layout seamlessly bends the living, dining and kitchen creating the perfect setting for entertaining or lazy mornings spent enjoying a cup of coffee on the balcony. Enjoy lounging at the community pool, practicing serves on the tennis court, or sunset strolls on the beach, minutes away from home! This unit is currently a vacation rental with Recoast Homes.

Details

Property type

Condominium

Est. home value

$392,854

Lot size

Unknown

Price per sq ft

$438

Year built

1986

HOA fee

$8,040

Price History

10/23/2024
NorthCarolinaRegional

NorthCarolinaRegional #100438347

Price change
$349,999
-2.1%
09/20/2024
NorthCarolinaRegional

NorthCarolinaRegional #100438347

Price change
$357,500
-2.05%
08/19/2024
NorthCarolinaRegional

NorthCarolinaRegional #100438347

Price change
$365,000
-2.67%

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

$48,883
Asking price
$349,999
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$273,116
Cash to seller
$48,883

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

April 2022

Original loan amount

$286,650

Est. remaining balance

$273,116

Interest rate

3.76%

Loan type

New Conventional, 30 year

Seller

William Fabiszewski and Erica Fabiszewski

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: 11/09/2024 at 11:45 AM

Listing updated: 10/23/2024 at 2:07 PM

Listed by: Carey Otto, Keller Williams Crystal Coast Phone #: (919) 810-5755

MLS: NorthCarolinaRegional #100438347

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