Owner
$2,264,341
1318 CAROLINA BEACH AVE N, CAROLINA BEACH, NC
Quick Facts
owner occupied
No
vacant
No
corporate owner
No
beds
7
baths
6
sq. ft.
3,940
property type
Single Family Residential
hoa
No
About
Residential
Building Quality B-
Average Condition
Living Area
Underground/Basement
2 Stories
Unspecified Basement
Central
Pool (Yes)
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2020
Building Size
3,940 sq ft
Lot Size
8,799 sq ft
Lot Size (Acres)
0.20 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)
R08811-013-001-000
County
New Hanover County, North Carolina
Metro Area
Wilmington, NC
Zoning
R-1,WB RESIDENTIAL SF
Neighborhood/Subdivision
CAROLINA BEACH
Lot Number
10
School District
New Hanover County Schools
Legal Description
BLK 23 LT 10 CAR BCH
Tax & Value Information
Market Value (Total)
$1,373,400
Building Value
$633,100
Land Value
$740,300
Annual Property Tax
$9,408
Tax Assessment Year
2024
Assessed Value
$1,373,400
Last Assessment Year
2024
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
4/28/2021
Recording Date
4/30/2021
Sales Document #
2021.21739
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
$87,618
Return on Investment
15.60%
After Repair Value
$2,490,775
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
$2,037,907
Renovation Cost
$113,217
Closing Costs (buying)
$40,758
Holding Costs
$61,829
Selling Costs
$149,447
Total Investment
$561,557
After Repair Value (ARV)
$2,490,775
Total Costs
$2,403,157
Estimated Profit
$87,618
Cash Invested
$520,798
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