102 Hardwick Ln · Bogue, NC 28570

$749,000

4 bd · 3.0 ba · 2,750 sqft · Other public records · 92 Days on market

Built 2022 0.34 ac lot $143/mo HOA · 1% of rent

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.1/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

The ''Carteret Cottage'' has everything you need in a NEW home! Featuring 4 bedrooms, 3 bathrooms and a large open concept living space! One of the best features of this floor plan is the private living space on the first floor - perfect for the In-laws, guests or older children who want a private space. It includes a Living area, bedroom and full bathroom with a walk out to a covered porch. On the main level, you will find the Primary suite and 2 additional bedrooms. The laundry room is conveniently located close to the bedrooms as well. The kitchen is open to a very spacious family room and casual dining. It has a large front porch that runs the entire width of the home - perfect for those southern breezes! This home is in construction but can be toured. Please use caution as it is a construction zone. Cannonsgate is a beautiful waterfront gated community with a Clubhouse, Pool, Childrens play area, and basketball. It is a waterfront community with its own Marina. Marina membership is separate. This beautiful community is located in a sought after school district and is close to area shopping, restaurants and beaches!

Key facts

• Clubhouse
• Pool
• Playground

Tags

• GATED CANNONSGATE COMMUNITY
• FIRST-FLOOR PRIVATE SUITE
• EXPANSIVE FRONT PORCH
• CLUBHOUSE
• POOL
• PLAYGROUND

Property features AI

Finance

• Other: Subdivision: Cannonsgate; Directions: Hwy 24 to Cannonsgate Entrance, straight to roundabout, right on Hardwick — home on the right
• HOA & community: Homeowners association with annual fee; Association amenities include pool, clubhouse, basketball court, tennis courts, playground, and grounds maintenance

Exterior

• Parking: 2 total parking spaces; 2-car attached garage; Garage faces side; Paved parking
• Security: Gated community
• Utilities: Public water; Public sewer; Natural gas connected; Water connected; Sewer connected
• Home design: Single family residence; Two stories; Entry level is on the 2nd level; Residential zoning
• Construction: Fiber cement and frame construction; Shingle roof; Slab foundation; Built as a two-story home
• Exterior features: Covered patio/porch/deck; Deck; Patio; Porch; See remarks; Has view

Interior

• Kitchen: Gas oven; Refrigerator; Dishwasher; Microwave; Tankless water heater
• Bedrooms: Total rooms: 7
• Flooring: Carpet; Tile; Wood
• Bathrooms: 3 full bathrooms; Accessible full bath
• Heating & cooling: Central air; Heat pump; Electric heating; Natural gas heating; Fireplace(s)
• Interior features: Walk-in closets; High ceilings; Kitchen island; Ceiling fans; Pantry; Window coverings
• Laundry & utility: Separate laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath other listed at $749k.

Deal economics

• At list price, monthly cash flow is $7k ($86k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($15k rent vs $749k).
• Recommended offer: $682k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#311 in NC) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, cost of living A; Watch: amenities F, commute F, health & safety D-.
• Carteret County Public Schools (rural): math 59% / reading 61% proficiency, ranked #31 of 178 in NC (top 17%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Bogue Sound Elementary (math 63% / reading 63%, grade B, #168 of 1,410 statewide, top 12%, 467 students, 99% FRL); Broad Creek Middle (math 63% / reading 68%, grade A-, #28 of 475 statewide, top 6%, 710 students, 100% FRL); Croatan High (math 82% / reading 78%, grade A, #73 of 535 statewide, top 13%, 974 students, 26% FRL) — zoned schools average 75% FRL vs 39% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 216 active listings in the ZIP; 935 units permitted in Carteret County in 2024 (360 in 5+ unit buildings).
• At $14,887/mo this rent would consume 254% of the median local household income ($70k/yr) (locally 461% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $22k of value loss. Plan a longer hold.
• Carteret County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $210k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($682k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $681,590 (9.0% below list)

Questions for the listing agent

1. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.99% ✓
• Cap rate: 17.83%
• Cash-on-cash: 41.22%
• DSCR: 2.83
• GRM: 4.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 37.8%
• Equity multiple: 2.61×
• Total profit: $337,303
• Equity at exit: $111,678

10-year hold

• IRR: 44.3%
• Equity multiple: 5.21×
• Total profit: $883,899
• Equity at exit: $64,760

Cash invested: $209,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 85 Strongly Landlord-Friendly
• State North Carolina: 85 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

10-day notice; preempted; landlord-favorable but court speed varies.

Methodology + full state rankings →

ZIP-level market 28570

• Home prices YoY: -16.2%
• Active inventory: 216
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $14,887 medium
• Mortgage (P&I): −$3,928
• Tax from tax record: −$173 /mo · $2,081/yr
• Insurance: −$312
• HOA: −$143
• Vacancy / Maint / Mgmt: −$3,126
• Net cashflow: $7,204

Break-even live

Break-even rent $5,767

Max offer price $749,000

Occupancy floor 47%

Sensitivity live

Price	-10% $7,628	-5% $7,416	+0% $7,204	+5% $6,992	+10% $6,780
Rent	-10% $6,028	-5% $6,616	+0% $7,204	+5% $7,792	+10% $8,380
Rate	-1.0pp $7,581	-0.5pp $7,395	base $7,204	+0.5pp $7,010	+1.0pp $6,813

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $187,250
• Closing costs: $22,470
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $143 · $1,716/yr
• Likely covers: waterpoolsecurity

Listing history 33 events

1. 2026-06-19
   days on market $749,000 Active 92 DOM
2. 2026-06-18
   days on market $749,000 Active 91 DOM
3. 2026-06-17
   days on market $749,000 Active 90 DOM
4. 2026-06-16
   days on market $749,000 Active 89 DOM
5. 2026-06-15
   days on market $749,000 Active 88 DOM
6. 2026-06-14
   days on market $749,000 Active 86 DOM
7. 2026-06-12
   days on market $749,000 Active 85 DOM
8. 2026-06-09
   days on market $749,000 Active 82 DOM
9. 2026-06-08
   days on market $749,000 Active 81 DOM
10. 2026-06-07
    days on market $749,000 Active 80 DOM
11. 2026-06-05
    days on market $749,000 Active 77 DOM
12. 2026-06-03
    days on market $749,000 Active 76 DOM
13. 2026-06-02
    days on market $749,000 Active 75 DOM
14. 2026-06-01
    days on market $749,000 Active 74 DOM
15. 2026-05-31
    days on market $749,000 Active 73 DOM
16. 2026-05-30
    days on market $749,000 Active 72 DOM
17. 2026-03-19
    listed $749,000 Active
18. 2023-04-02
    soldstatus $653,365 Closed 1140-char remark

    Show marketing remark (1140 chars)

    The ''Carteret Cottage'' has everything you need in a NEW home! Featuring 4 bedrooms, 3 bathrooms and a large open concept living space! One of the best features of this floor plan is the private living space on the first floor - perfect for the In-laws, guests or older children who want a private space. It includes a Living area, bedroom and full bathroom with a walk out to a covered porch. On the main level, you will find the Primary suite and 2 additional bedrooms. The laundry room is conveniently located close to the bedrooms as well. The kitchen is open to a very spacious family room and casual dining. It has a large front porch that runs the entire width of the home - perfect for those southern breezes! This home is in construction but can be toured. Please use caution as it is a construction zone. Cannonsgate is a beautiful waterfront gated community with a Clubhouse, Pool, Childrens play area, and basketball. It is a waterfront community with its own Marina. Marina membership is separate. This beautiful community is located in a sought after school district and is close to area shopping, restaurants and beaches!

19. 2023-01-05
    status Pending 1140-char remark

    Show marketing remark (1140 chars)

    The ''Carteret Cottage'' has everything you need in a NEW home! Featuring 4 bedrooms, 3 bathrooms and a large open concept living space! One of the best features of this floor plan is the private living space on the first floor - perfect for the In-laws, guests or older children who want a private space. It includes a Living area, bedroom and full bathroom with a walk out to a covered porch. On the main level, you will find the Primary suite and 2 additional bedrooms. The laundry room is conveniently located close to the bedrooms as well. The kitchen is open to a very spacious family room and casual dining. It has a large front porch that runs the entire width of the home - perfect for those southern breezes! This home is in construction but can be toured. Please use caution as it is a construction zone. Cannonsgate is a beautiful waterfront gated community with a Clubhouse, Pool, Childrens play area, and basketball. It is a waterfront community with its own Marina. Marina membership is separate. This beautiful community is located in a sought after school district and is close to area shopping, restaurants and beaches!

20. 2022-11-11
    status Pending 1140-char remark

    Show marketing remark (1140 chars)

    The ''Carteret Cottage'' has everything you need in a NEW home! Featuring 4 bedrooms, 3 bathrooms and a large open concept living space! One of the best features of this floor plan is the private living space on the first floor - perfect for the In-laws, guests or older children who want a private space. It includes a Living area, bedroom and full bathroom with a walk out to a covered porch. On the main level, you will find the Primary suite and 2 additional bedrooms. The laundry room is conveniently located close to the bedrooms as well. The kitchen is open to a very spacious family room and casual dining. It has a large front porch that runs the entire width of the home - perfect for those southern breezes! This home is in construction but can be toured. Please use caution as it is a construction zone. Cannonsgate is a beautiful waterfront gated community with a Clubhouse, Pool, Childrens play area, and basketball. It is a waterfront community with its own Marina. Marina membership is separate. This beautiful community is located in a sought after school district and is close to area shopping, restaurants and beaches!

21. 2022-10-21
    listed $649,000 Active 1140-char remark

    Show marketing remark (1140 chars)

    The ''Carteret Cottage'' has everything you need in a NEW home! Featuring 4 bedrooms, 3 bathrooms and a large open concept living space! One of the best features of this floor plan is the private living space on the first floor - perfect for the In-laws, guests or older children who want a private space. It includes a Living area, bedroom and full bathroom with a walk out to a covered porch. On the main level, you will find the Primary suite and 2 additional bedrooms. The laundry room is conveniently located close to the bedrooms as well. The kitchen is open to a very spacious family room and casual dining. It has a large front porch that runs the entire width of the home - perfect for those southern breezes! This home is in construction but can be toured. Please use caution as it is a construction zone. Cannonsgate is a beautiful waterfront gated community with a Clubhouse, Pool, Childrens play area, and basketball. It is a waterfront community with its own Marina. Marina membership is separate. This beautiful community is located in a sought after school district and is close to area shopping, restaurants and beaches!

22. 2019-10-26
    historical
23. 2018-10-27
    listed $34,900
24. 2016-02-29
    soldstatus $15,600
25. 2016-02-29
    soldstatus $16,000
26. 2015-07-21
    listed $17,400
27. 2014-05-28
    soldstatus $22,000
28. 2014-05-28
    soldstatus $22,000
29. 2013-10-16
    listed $21,000
30. 2012-06-18
    historical
31. 2007-06-29
    historical
32. 2007-06-12
    listed $19,900
33. 2006-12-29
    listed $239,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NC · Resets to sale price

• Current annual tax: $2,081 · $173/mo
• Projected year-2 tax: $6,142 · $512/mo
• Expected delta: +$4,061/yr (+$338/mo · 195.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥103°F today · 21 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $178,638
• − Mortgage interest: −$41,956
• − Property taxes: −$2,081
• − Insurance: −$3,745
• − Repairs & maintenance: −$14,291
• − Management: −$14,291
• − HOA: −$1,716
• − Depreciation: −$21,789
• Taxable income: $78,770
• Est. tax owed @ 24.0%: −$18,905
• After-tax cash flow: $67,544/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Carteret County Public Schools
• NCES district ID: 3700630
• Math proficiency: 59% ▲ 5.00%
• Reading proficiency: 61% ▲ 2.00%
• Median HH income: $48,330
• Composite: 50.92/100
• National rank: #1786
• State rank: #31 of 178 in NC

Livability — Bogue

• Score: 65/100
• State rank: #311
• US rank: #13024

Category grades

Amenities F Commute F Cost of living A Crime C+ Employment A+ Housing A+ Health & safety D- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Carteret County · 52,389 people
• Metro: Morehead City, NC
• Population (ZIP): 22,197
• Household income: $70,229
• Rent vs Own: 22.7% rent · 77.3% own
• Severe rent burden: 461.0

Population outlook (Carteret County) Hauer SSP2

• Today (2025): 73,443 people
• By 2030: 75,344 · +2.6%
• By 2040: 78,142 · +6.4%
• By 2050: 80,091 · +9.1%
• By 2075: 86,120 · +17.3%
• By 2100: 89,408 · +21.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 7% Two or more races 6% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 3% Romanian 3% Lithuanian 2%
• Foreign-born: 5% · Canada, Dominican Republic
• Languages at home: 92% English-only · Spanish 6% German/W. Germanic 1%

Political lean MEDSL · Carteret

• 2024 margin: Solid R (+43.1) · D 28.0% · R 71.1%
• 2008→2024 swing: -8.4pp toward R · 2008: -34.7pp · 2024: -43.1pp
• All cycles: 2024: R+43.1 2020: R+42.0 2016: R+44.5 2012: R+41.0 2008: R+34.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -53.54%
• Current HPI: 276.6589
• Rent YoY: —
• Metro: Morehead City, NC
• State GDP YoY: ▲ 3.28%
• F500 in state: 26

Industry mix (Fortune 500 HQ in NC)

Industry	F500 HQs	Revenue
▸Financial Services	2	$213B
▸Retail	2	$95B
▸Industrial Conglomerate	1	$38B
▸Metals / Steel	1	$35B
▸Utilities	1	$30B
▸Industrial Machinery	1	$19B

Price history

+212.2% since first listed

17 events — show timeline

• 2026-03-19 Listed $749,000 Hive MLS
• 2023-04-02 Sold (MLS) $653,365 Hive MLS
• 2023-01-05 Pending — Hive MLS
• 2022-11-11 Pending — Hive MLS
• 2022-10-21 Listed $649,000 Hive MLS
• 2019-10-26 Listing Removed — Hive MLS
• 2018-10-27 Listed $34,900 Hive MLS
• 2016-02-29 Sold (Public Records) $16,000 Public Records
• 2016-02-29 Sold (MLS) $15,600 Hive MLS
• 2015-07-21 Listed $17,400 Hive MLS
• 2014-05-28 Sold (Public Records) $22,000 Public Records
• 2014-05-28 Sold (MLS) $22,000 Hive MLS
• 2013-10-16 Listed $21,000 Hive MLS
• 2012-06-18 Listing Removed — Hive MLS
• 2007-06-29 Listing Removed — Hive MLS
• 2007-06-12 Listed $19,900 Hive MLS
• 2006-12-29 Listed $239,900 Hive MLS

Property tax history

+49.0%/yr

Latest (2025): $2,081 · +69.9% YoY. Source: county tax records.