Discover a lucrative opportunity at 622 Steele Loop, where investment meets comfort in this spacious 5-bedroom home ideally positioned just moments from Wrightsville Beach. Currently leased until July 2025, this property generates a robust $3,347.5 per month in rental income, making it a compelling choice for investors seeking immediate cash flow.
This meticulously maintained home features an owner's suite on the first floor, offering convenience and privacy. The aggressive pricing reflects the commitment to honoring the current lease, with a projected cap rate of 7%.
Located near Wrightsville Beach, this property not only ensures a steady rental income but also a great opportunity for long-term appreciation. Imagine the allure for tenants seeking proximity to sandy shores and coastal charm.
Seize this rare opportunity to add a profitable rental property to your portfolio. Whether you're expanding your investments or entering the rental market, 622 Steele Loop represents a smart choice with its strategic location and reliable income stream.
Schedule your showing today and explore the possibilities of owning this exceptional investment property. Don't delay - opportunities like this don't stay on the market for long!
Sold for $432,500
$432,500
622 Steele Loop, Wilmington, NC 28411
5beds
3,132sqft
Single Family Residence
Built in 2014
6,839 Square Feet Lot
$501,200 Zestimate®
$138/sqft
$3,412 Estimated rent
Home value
$501,200
$476,000 - $526,000
$3,412/mo
Zestimate® history
Owner options
List your home for rent
$3,412/mo
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$3,412/mo
Rent Zestimate®
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$2,929/mo
Est. payment
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$2,929/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Marshall M Pickett 910-619-8710,
Ivester Jackson Christie's
Bought with:
Tidal Realty Partners
REAL Broker LLC
Amber R Moles, 289845
REAL Broker LLC
Source: Hive MLS,MLS#: 100451381
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Rooms
- Room types: Dining Room
Primary bedroom
- Level: Primary Living Area
Dining room
- Features: Formal
Heating
- Propane, Electric, Forced Air
Cooling
- Central Air, Attic Fan
Appliances
- Laundry: Laundry Room
Features
- Master Downstairs
- Flooring: Carpet, Tile, Wood
- Basement: None
- Attic: Partially Floored
Interior area
- Total structure area: 3,132
- Total interior livable area: 3,132 sqft
Property
Parking
- Total spaces: 4
- Parking features: Paved
- Garage spaces: 2
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Exterior features: Gas Log
- Fencing: Wood
Lot
- Size: 6,839 Square Feet
- Dimensions: 62' x 110' x 62' x 110
Details
- Parcel number: R04400001572000
- Zoning: R-10
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 2014
Utilities & green energy
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: Reserve at West Bay
HOA
- Has HOA: Yes
- Amenities included: Maintenance Common Areas, Street Lights
- HOA fee: $400 annually
- HOA name: Reserve at West Bay
- HOA phone: 256-2021
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $138/sqft
- Tax assessed value: $329,600
- Annual tax amount: $1,722
- Date on market: 6/19/2024
- Cumulative days on market: 38 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/23/2024 | Sold | $432,500-3.9%$138/sqft |
Source:  Hive MLS #100451381 Report a problem | ||
| 7/27/2024 | Pending sale | $449,900$144/sqft |
Source: Hive MLS #100451381 Report a problem | ||
| 6/19/2024 | Listed for sale | $449,900+57.9%$144/sqft |
Source: Hive MLS #100451381 Report a problem | ||
| 2/27/2015 | Sold | $285,000$91/sqft |
Source: Hive MLS #30505779 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,125 +19.8% | $547,900 +66.2% |
| 2024 | $1,773 +0.2% | $329,600 |
| 2023 | $1,769 -0.9% | $329,600 |
| 2022 | $1,785 -1.5% | $329,600 |
| 2021 | $1,813 -6% | $329,600 +8.1% |
| 2020 | $1,928 | $304,800 |
| 2019 | $1,928 | $304,800 |
| 2018 | $1,928 | $304,800 |
| 2017 | $1,928 -7.2% | $304,800 +1.7% |
| 2016 | $2,078 +73.4% | $299,800 +61.2% |
| 2015 | $1,198 | $186,000 |
Find assessor info on the county website
Neighborhood: Murraysville
Nearby homes
- $540,5004 bd3 ba3.1k sqft616 Steele Loop, Wilmington, NC 28411Off Market
- $500,2005 bd3 ba2.6k sqft7453 Darius Dr, Wilmington, NC 28411Off Market
- $450,8003 bd2 ba1.9k sqft7449 Darius Dr, Wilmington, NC 28411Off Market
- $532,6004 bd3 ba3k sqft621 Steele Loop, Wilmington, NC 28411Off Market
- $554,1004 bd3 ba3k sqft7445 Darius Dr, Wilmington, NC 28411Off Market
- $583,1004 bd3 ba3.7k sqft608 Steele Loop, Wilmington, NC 28411Off Market
- $521,4005 bd3 ba2.8k sqft625 Steele Loop, Wilmington, NC 28411Off Market
- $544,0004 bd4 ba2.8k sqft633 Steele Loop, Wilmington, NC 28411For Sale
Nearby schools
GreatSchools rating
- 9/10Porters Neck ElementaryGrades: K-5Distance: 2.9 mi
- 8/10Holly Shelter Middle SchoolGrades: 6-8Distance: 6 mi
- 4/10Emsley A Laney HighGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Porters Neck
- Middle: Holly Shelter
- High: Laney
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$501,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$501,200
- North Carolina
- New Hanover County
- Wilmington
- 28411
- Murraysville
- 622 Steele Loop
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