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 on 08/23/24
$432,500
622 Steele Loop, Wilmington, NC 28411
5beds
3,132sqft
Single Family Residence
Built in 2014
6,969.6 Square Feet Lot
$443,300 Zestimate®
$138/sqft
$3,524 Estimated rent
Home value
$443,300
$408,000 - $479,000
$3,524/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 14, 2025 at 03:56pm
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
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: 6,969 sqft
- 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 & neighborhood
Location
- Region: Wilmington
- Subdivision: Reserve at West Bay
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $400 annually
- Amenities included: Maintenance Common Areas, Street Lights
- Association name: Reserve at West Bay
- Association phone: 256-2021
Other
Other facts
- 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 | ||
| 7/27/2024 | Pending sale | $449,900$144/sqft |
Source: Hive MLS #100451381 | ||
| 6/19/2024 | Listed for sale | $449,900+57.9%$144/sqft |
Source: Hive MLS #100451381 | ||
| 2/27/2015 | Sold | $285,000$91/sqft |
Source: Hive MLS #30505779 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,773 +0.2% | $329,600 |
| 2023 | $1,769 -0.9% | $329,600 |
| 2022 | $1,785 -1.5% | $329,600 |
Find assessor info on the county website
Neighborhood: Murraysville
Nearby schools
GreatSchools rating
- 9/10Dr Hubert Eaton Sr ElementaryGrades: K-5Distance: 1.4 mi
- 9/10Holly 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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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$443,300
2% more+ $8,866
With Zillow Showcase(estimated)
$452,166