1602 N New River Dr, Holly Ridge, NC 28445
4 beds · 4 baths · sqft
The exceptional home at 1602 N. New River Drive, affectionately known as ''New Moon Wishes,'' has been a cherished sanctuary for its owners, who took great pride in selecting this breathtaking location. Drawn to the unbeatable beach access and the sweeping, unobstructed ocean views, they were immediately captivated by the small-town charm and slower pace—a welcome escape from the hustle and bustle of metropolitan life. Over time, this home became more than just a residence; it became a heartfelt retreat, never rented and lovingly filled with memories of family gatherings and laughter. The well-appointed kitchen turned holidays into cherished occasions, while the ever-changing views from every window painted a picture of serenity. Although the sellers look forward to new horizons, they will deeply miss the peace, beauty, and profound connection this home has brought into their lives. This impeccably curated home is being offered fully furnished, with only a few exceptions, and spans an impressive 2,655 square feet, accompanied by 624 square feet of garage and storage space, and an additional 1,491 square feet of outdoor deck space, perfect for taking in breathtaking ocean and marsh views. Rising to 48 feet, the tallest height permitted in Pender County, this home boasts unrivaled ocean vistas from every oceanside deck. Though it has never been rented, a fact reflected in its immaculate condition, the home comfortably accommodates 10 adults and holds strong rental income potential, with projected annual earnings of over $70,000. As you approach, you'll be greeted by a beautifully maintained home featuring Hardie Plank siding in a striking color palette, surrounded by low-maintenance landscaping. The expansive deck space is enhanced with latticework for added privacy and offers ample opportunities for gardening. Exterior stairs lead to the second floor, while the street entrance off Neptune Street opens to a covered porch, providing a sheltered entry to a storage room and the 222-square-foot, tastefully finished foyer. From here, you have access to the elevator, staircase, an additional storage closet, and the spacious 469-square-foot garage, perfect for storing belongings, beach gear, or even setting up a creative workspace. The rear portion of the garage includes a loft with pull-down stairs for extra storage and a NEMA 14-50 receptacle for electric vehicle charging needs. The first-floor exterior also features a generous 10' by 30' wooden deck, complete with an outdoor shower, making it the ideal spot for rinsing off after a day at the beach. The second floor hosts three bright and airy bedrooms with shuttered windows, sizable closets and access to outdoor decks, two uniquely designed full bathrooms, and an attractive and functional laundry room. Level three is where you'll gather and lingerbecause it's simply irresistible. The kitchen, masterfully designed by the owners of New Moon Wishes, shows they left nothing to chance. Two-tone cabinetry, paired with unique hardware, stunning countertops, a stylish backsplash, and a one-of-a-kind vent hood make this space stand out. Smartly designed with bottom drawers instead of traditional cabinets, storage is maximized, a reverse osmosis system for the sink and ice maker, and the separate Thermidor refrigerator and ice box are the kitchen's crown jewels. The massive island is as functional as it is beautiful, featuring a Thermidor dishwasher, microwave, a must-see sink, ample cabinets and drawers, and seating designed with comfort in mind. The deep seating ensures your knees won't bump against the islandgoodbye, pesky shoe marks! There's generous space between the island and surrounding cabinets, so you won't be bumping elbows while cooking or hosting. A sleek smooth-top range offers easy cleaning, while the wall oven is a multitasking marvel, perfect for everything from homemade pizzas to holiday feasts. The pantry, complete with adjustable shelving, an additional storage closet, and an abundance of natural light, adds the finishing touch to this well-appointed kitchen. The expansive dining room invites you to enjoy stunning vistas as you indulge in meals crafted in your chef's kitchen. The light-filled living area boasts sweeping views and a striking fireplace, creating a perfect setting for relaxation. Sink into comfort as the surround sound enhances your experience, or let the music guide you out to the covered porch and wood deck, where outdoor serenity awaits. After a day spent soaking in the sights, sounds, and fresh breezes of island life, retreat to your serene primary en suite. Take the elevator to the fourth floor, where your private haven awaits. Unwind in the spa-like shower, made even more luxurious by a water softening system and pressure booster. Thoughtful design touches in the bedroom include a tray ceiling, surround sound, shuttered windows, and custom built-in cabinetry. And for the ultimate escape? Step up to your own crow's nest and take in the breathtaking views. Other mindful aspects of the home include address access to HVAC units for maintenance cleaning, smart home functionality with internet mesh, high end shades, fans, and lighting fixtures throughout, customizable shelving in all closets, upgraded toilets, and EverSeal on all decks with over 20 years left on the transferable warranty. In keeping with care and consideration for the home, the sellers have conducted a pre-listing inspection which will be furnished to any buyers' agent upon request; additionally, seller will provide evidence of any and all repairs. This home, which began as a wish, will check off every item on your wishlist...as well as all your hopes and dreams.
Source: NORTHCAROLINAREGIONAL #100474728
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100474728
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #100474728
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