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$575,000

Beds
2
Baths
2.0
sq ft
990

8801 Reed Drive Unit 115, Emerald Isle, NC 28594

8801 Reed Drive Unit 115

Emerald Isle, NC 28594

  • 101 days on market
    • Price drop $9,900↓
New IMPROVEMENTS!!! This FABULOUS, fully-furnished oceanfront condo is nestled among one of Emerald Isle's premiere locations within the popular gated community at Sound of the Sea. Ideally situated with privacy and protection, this two bedroom unit offers beautiful water views from the primary living area, master bedroom, and covered balcony for coastal relaxation and/or entertainment. Conveniently located on the first floor just across from the elevator, this well-maintained condo with LVP flooring throughout has many recent improvements including Quartz kitchen countertops, a BRAND NEW Maytag stove/oven, NEW Maytag microwave built in over the stove, new lights, and more. When seller initially purchased, they installed double sliding living room door, some new windows, hurricane shutters, and a programmable NEST thermostat. This home is ready for you to walk in, unpack, and immediately begin enjoying all that Emerald Isle offers: fine dining, popular shopping, diverse entertainment, and beach/outdoor activities. Further, within the complex itself, there are two pools, tennis courts, a clubhouse, cable included, boat storage, and much more for you and your guests' to enjoy''the pool improvement assessment has already been paid by the Sellers. With excellent rental income over the past two years and 2024, this condo makes for an excellent investment opportunity, if you choose! This time of year offers the perfect chance to purchase your piece of paradise to personally enjoy the quieter winter months walking on the beach or get it on the rental market so it can begin making you money. Do you hear what I hear? That's right; the Sound of the Sea is calling you home!

Details

Property type

Condominium

Est. home value

$508,977

Lot size

Unknown

Price per sq ft

$581

Year built

1986

Annual property taxes

$1,731.68

HOA fee

$10,043.52

Price History

11/13/2024
NorthCarolinaRegional

NorthCarolinaRegional #100465749

Price change
$575,000
-1.69%
09/12/2024
NorthCarolinaRegional

NorthCarolinaRegional #100465749

Listed
$584,900
+3.52%
05/15/2024
NorthCarolinaRegional

NorthCarolinaRegional #100424972

Removed
$565,000

Schools & Community

Elementary school: 

White Oak Elementary

Middle school: 

Broad Creek

High school: 

Croatan

Community features: 

Pool

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

Atlantic Bay Mortgage Group Llc

Loan start date

March 2022

Original loan amount

$356,000

Est. remaining balance

Not provided

Interest rate

3.55%

Loan type

Commercial

Seller

Tina Barnard and Jeremy Barnard

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: 12/22/2024 at 9:50 AM

Listing updated: 11/13/2024 at 10:57 AM

Listed by: The Star Team, exp Realty Phone #: (888) 584-9431

MLS: NorthCarolinaRegional #100465749

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