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7402 East Beach Drive

7402 East Beach Drive, Oak Island, NC 28465
Property in Brunswick
Sold May 21, 2021
$1,000,000
Sold Jun 03, 2016
$565,000
$400,000 by Branch Banking And Trust Co
Mortgage Due Jul 01, 2031
7402 East Beach Drive has been categorized by the local assessors in Oak Island, NC as a residential type of property. The building on the property was first built in 2015 and is 9 years old. However, we must point out that the home was most recently renovated and altered in 2016. The home has a total of 4 bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. In addition, 7402 East Beach Drive has 2,244 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,441 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The building has a gable style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heat pump and being fueled with electricity. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 7402 East Beach Drive sold most recently in May 17, 2021 for a total of $1,000,000. If you work out the math, that's approximately a cost of $445.63 per sqft. Before that, the property was also sold for $565,000 in May 20, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,597 in taxes each year. 7402 East Beach Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,071,180. If we break it down further, the land itself was valued at $445,000. Improvements to the property, however, were assessed at a total of $626,180. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Parking

Paved Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2016
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,441
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,244
  • Gross Building Area: 2,876
  • Building Area: 2,244
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 2,244
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DEBORAH CAY SUBDIVISION
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L-25 B-8B DEBORAH CAY PLAT M/103

Ownership

  • Current Owner : GREER ROBERT V
  • Previous Owner : LITTLE FAMILY VENTURES LLC
  • Owner Before Previous Owner: POTEAT SMITH PROPERTIES LLC
  • Ownership Rights Codes: Life Estate

Neighborhood

  • School District Name: Brunswick County Schools
  • School Tax School District: OAK ISLAND
  • Census Tract: 020314

Zoning

  • Zoning: OKR6MF

Geography

  • Assessors Map Reference: MAP 250BL
  • Account Number: 80111399
  • Parcel: 250BL02023
  • Block: 8B
  • Lot: 25
  • Municipality: OAK ISLAND
  • Latitude: 33.9067
  • Longitude: -78.0908

    Address

  • Full Address: 7402 E Beach Dr
  • Address - House Number: 7402
  • Street Direction: E
  • Address - Street Name: Beach
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Oak Island
  • Zip Code: 28465

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,597

    Appraisal Valuation

  • Standard Deviation: 0.2253
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 68
  • Final Value: 1,178,356
  • High Value: 1,443,927
  • Low Value: 912,785

    Market Valuation

  • Market Total Value: $1,071,180
  • Market Land Value: $445,000
  • Market Improvement Value: $626,180

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,071,180
  • Assessed Land Value: $445,000
  • Assessed Improvements Value: $626,180

    Sales

  • Current Sale Contract Date: May 17, 2021
  • Current Sale Recording Date: May 21, 2021
  • Current Sale Transaction ID: 11850732535
  • Current Sale Price: $1,000,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 03, 2016
  • Previous Sale Contract Date: May 20, 2016
  • Previous Sale Amount: $565,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JET DIRECT FUNDING CORP
  • First Mortgage Transaction Date: May 21, 2021
  • First Mortgage Loan Amount: $500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BRANCH BANKING AND TRUST CO
  • Previous Mortgage Transaction Date: Jun 03, 2016
  • Previous Mortgage Loan Amount: $400,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2031

About Oak Island



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Frequently Asked Questions

What neighborhood is 7402 East Beach Drive located in?
The 7402 East Beach Drive is a located in the neighborhood of Brunswick in Oak Island, Oak Island.
What is the average sales price for listings in 7402 East Beach Drive?
The average sales price for units in 7402 East Beach Drive is $0 currently.

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