Owner
$832,224
322 OCEANAIRE LN, SURF CITY, NC
Quick Facts
owner occupied
No
vacant
No
corporate owner
No
beds
4
baths
3
sq. ft.
1,874
property type
Single Family Residential
hoa
No
About
Residential
Building Quality C
Average Condition
Living Area
2 Stories
Partial Basement
Heat Pump
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2015
Building Size
1,874 sq ft
Lot Size
4,792 sq ft
Lot Size (Acres)
0.11 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
4234-14-2178-0000
County
Pender County, NC
Metro Area
Wilmington, NC
Zoning
R5
Neighborhood/Subdivision
OCEANAIRE ESTATES
Lot Number
23
School District
Pender County Schools
Legal Description
LT 23,PB 53/80 OCEANAIRE ESTATES
Tax & Value Information
Market Value (Total)
$435,261
Building Value
$326,062
Land Value
$109,199
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$435,261
Last Assessment Year
2023
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
6/22/2023
Recording Date
6/22/2023
Sales Document #
2023.20117145
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$32,203
Return on Investment
15.60%
After Repair Value
$915,446
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$749,002
Renovation Cost
$41,611
Closing Costs (buying)
$14,980
Holding Costs
$22,724
Selling Costs
$54,927
Total Investment
$206,392
After Repair Value (ARV)
$915,446
Total Costs
$883,244
Estimated Profit
$32,203
Cash Invested
$191,412
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area