We have owned this wonderful beach home for 10 years and have made a lot of memories here. Now that our kids are in college and getting married, it is time for another family to enjoy it. Call or text the owners: - Carrie @ 919 - 600 - 2417 or carriebauman@me.com - Jim @ 919 - 696 - 6162 or jdemitriou@me.com The details: • Ocean views from dining and kitchen windows. • 4 bedrooms and 3 bathrooms. • 2167 heated and cooled square feet. • Two huge decks on front. • Bamboo flooring throughout. Tile in baths and foyer. • Master suite has private balcony, soaker tub, dual vanities, and separate shower/toilet room. • Full size washer and dryer. • Kitchen has granite counter tops and all new GE appliances. • Large unfinished storage room on ground level accessed from foyer that can be finished for additional square footage. • Large climate controlled owners lock out under the foyer stairs. • Parking for 6 vehicles. • eRental lock. Turn-Key Property • The furniture and furnishings were curated specifically for our beach home. We would prefer to sell the beach house furnished so all you need to do is bring yourselves and get ready to have some fun! Homeowners Association • A small HOA exists with Unit B (Left side) and Side A for the purposes of common area insurance and maintenance, the roof and painting mostly. In 2019, Units A and B agreed to set aside $200 monthly to the HOA checking account so we have funds for insurance and repairs when they are needed. Recent Maintenance • Our home is super well maintained. Major renovations between 2019 to 2021 include: • New flat roof membrane - 2019. • New GE appliances - 2019. • New paint on ceilings, walls, and trim - 2020. • New HVAC (15 SEER) unit on top level - 2020. The lower-level unit is a few years old. • New bamboo floors - 2020. • New tile backsplash and master bath tile + tub surround - 2020. • New hot water heater and whole house water filtration systems - 2021. Rental Income • Estimated monthly rental rate unfurnished is $2,200 - $2,400. • Since we wanted to use our property and enjoy rental income when we are not able to get away from work, we elected to use Vrbo.com to secure short term rental income while allowing us to enjoy the beach too. (Vrbo has a larger market share than Air BNB in Kure Beach.) • We generally net around $37,000 - $43,000 annually and Vrbo has us targeted to generate up to $53K this year. Visit www.vrbo.com, property number 1142429 for the details. • Vrbo now makes it easy to convey the existing reservations from one owner to the another. Whenever the sale closes, you can pick up the rental revenue from that point forward. Schedule a Showing • Because of summer rental commitments, we can only show our beach house on Saturdays from 1:00 p.m. until 4:00 p.m. ET. (This is during the “flip time” between families.) Note: After 14 August, we have more flexibility. • Proof of funds or pre-qualification is needed to secure a showing. Our Position on Real Estate Agents • We have had 2 previously successful FSBO sales. A packet with the standard NC real estate contract, disclosure, HOA are available when you are ready to make an offer and get the process started. While we are interested in a private sale, if you are a realtor who brings the buyer who closes on our beach home, we will stroke you a check for $10,000 flat fee at closing as our thanks for the introduction. • We are NOT interested in being represented by a listing agent at this time. The property is cross listed on Trulia, Zillow, and Facebook Marketplace. Side B is listed in MLS with an agent. It went under contract on 7/17/2021 for full asking price and will close in mid-August.
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