Movoto Real Estate
Sold on 08/23/2024

622 Steele Loop, Wilmington, NC 28411

$583,000

Last sold 08/23/2024 for $432K

  • 5

    bed

  • 4

    bath

  • 3,132

    Sqft ($138/Sqft)

House not for sale

About 622 Steele Loop

Property type House
Neighborhood
Year built 2014
HOA fee $400/month
Lot size 6,839 Sqft
Movoto estimate
Parking 2 garage spaces
Property description
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!
Listed by
Listing Agent - Marshall M Pickett
Listing Agent Contact: 910-300-5140
Listing Office - Ivester Jackson Christie's
Source: Hive MLS mls logo
MLS#100451381 • last updated 11 months ago
Movoto checked Hive MLS for data 8 minutes ago
Overview
Cooling/AC Central Air, Attic Fan
Heating Propane, Electric, Forced Air
Levels/Style Two, Wood Frame, 2
MLS # 100451381
SubType Single Family Residence
Living Area 3132
Status Closed
Lot Size (Acres) 0.16
Lot Size (SqFt) 6839
HOA Reserve At West Bay
HOA Fee 400
Year Built 2014
Interior
Total # of Bathrooms 4
# of Full Baths 3
# of Half Baths 1
Total # of Bedrooms 5
Total # of Rooms 10
Flooring Carpet, Tile, Wood
Interior Features Master Downstairs
Exterior
Roof Shingle
Foundation Slab
Construction Vinyl Siding
# of Parking Spaces 2
Parking Paved
# of Open Parking Spaces 2
Patio/Porch Porch
Fencing Wood
Amenities / Utilities
Water Source Community Water
HOA Amenities Maint - Comm Areas, Street Lights
Location
Subdivision Reserve At West Bay
Elementary School Porters Neck
Middle School Holly Shelter
High School Laney
APN R04400-001-572-000
Zoning R-10
Directions Follow North Market Street Towards Ogden | Porters Neck, Left Onto Torchwood Blvd, Turn Right Onto Chipley Drive, Right Onto Steele Loop
Multifamily Details
Lot/ Land Details
Road Frontage Maintained, City Street, State Road
Road Surface Paved
$583K
Range: $507K-$658K
Last 30 days 
  • Aug 2024
    mls logo MLS # 100451381
  • Aug 25, 2024 Sold
    $432,500
  • Jul 27, 2024 Pending
    —
  • Jun 19, 2024 Listed
    $449,900 (+57.9%)
  • Aug 2024
    Public Records
  • Aug 23, 2024 Sold
    $432,500 (-3.9%)
  • Feb 2015
    mls logo MLS # 30505779
  • Feb 27, 2015 Sold
    $285,000
  • May 8, 2014 Listed
    $293,520
  • Feb 2015
    Public Records
  • Feb 27, 2015 Sold
    $285,000 (-2.9%)
  • Year Property taxes Tax assessment
  • 2023
    $1,769 -0.9%
    $329,600
  • 2022
    $1,785 -1.5%
    $329,600
  • 2021
    $1,813 -6.0%
    $329,600 +8.14%
  • 2020
    $1,928
    $304,800
  • 2019
    $1,928
    $304,800
  • 2018
    $1,928 -7.2%
    $304,800
  • 2016
    $2,078
    $304,800
  • 622 Steele Loop
    $432K
  • West Bay Estates
    —
  • 28411
    $579K -3% y/y
  • Wilmington
    $466K -4% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
616 Steele Loop, Wilmington, NC 28411 $591,000 4/3 3,192 0.01
7453 Darius Dr, Wilmington, NC 28411 $565,000 5/3 2,607 0.02
608 Steele Loop, Wilmington, NC 28411 $651,000 4/3 3,796 0.03
625 Steele Loop, Wilmington, NC 28411 $578,000 5/3 2,722 0.03
7449 Darius Dr, Wilmington, NC 28411 $478,000 3/2 1,995 0.03
7445 Darius Dr, Wilmington, NC 28411 $609,000 4/2 3,058 0.03
633 Steele Loop, Wilmington, NC 28411 $547,000 4/3 2,768 0.03
621 Steele Loop, Wilmington, NC 28411 $550,000 4/2 2,849 0.03

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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Source: GreatSchools.org © 2026. All rights reserved.

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