NOT LISTED FOR SALE

Estimated Value: $533,000 - $699,000

0.29 Acre
$2,231,632 Price per Acre
12,534 Sq Ft Lot

Last Sold March 10, 2016

Last sale price $107,000

Est. 500% increase in value since last sale

Current estimated payment $3,775/month

254 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Views of a Sound
  • Gated Community
  • First Flight Middle School Rated A-
  • Boat Dock
  • Clubhouse

About This Lot

As of March 2016

Views from this home site are outstanding, high elevation provides a panorama you just don't often find! Large building lot with over 12,500 square feet to enjoy life on the waters of Kitty Hawk Bay. Property has wood bulkhead on soundfront, a portion of it (approximately 18') was just replaced in conjunction with the new bulkhead that was installed on the neighboring lot. Previous owners had received affirmative Health Department site review to build a 4 bedroom home. Photos of amenities include those offered as members of the Colington Harbour Yacht and Racquet Club which is available for an additional fee. Boat ramp, soundfront park and included with homeowner's dues shown in listing. SELLER WANTS IT SOLD!!!

Last Listed By

Carol Hunsecker

Due East Real Estate License #60706 Listed on: 05/17/2015

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,112

Year Built

  • 2018

Lot Details

  • 0.29 Acre Lot
  • 50 Feet of Waterfront
  • Home fronts a sound
  • Property fronts a private road
  • Cul-De-Sac
  • Irregular Lot
  • Wooded Lot

HOA Fees

  • $20 Monthly HOA Fees

Property Views

  • Views of a Sound

Utilities

  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

Overview

  • Association fees include common electric, common insurance, management, road maintenance, security
  • Paula Burchette Association, Phone Number (252) 441-5886
  • Colington Hrbr Subdivision

Recreation

  • Boat Dock
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Park

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$1,112

Year Built

2018

Lot Details

0

HOA Fees

$20 per month

Listing Details

  • Class: LOTS/LAND
  • Directions: Thru gate, then right. Right on Arthur Barlow, left on Sir Walter, right on Sir John White. Lot is on the right.
  • Flood Zone: AE, X
  • Headline: Lowest Priced Soundfront Lot
  • Roads: Private, Paved
  • Sale/Rent: For Sale
  • Section: K
  • Waterfront Location: Soundfront
  • Zoning: res
  • Deed Book Pg Number: 0085
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2018

Exterior Features

  • Street Frontage: 35
  • View: Sound
  • Water Frontage: 50

Utilities

  • Sewer/Septic System: Private Septic
  • Water: Municipal
  • Electric: Available

Condo/Co-op/Association

  • Association Amenities: Boat Ramp, Clubhouse, Gated Community, Outdoor-Comm. Tennis, Outdoor-Comm. Pool, Park, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 238
  • Hoa Contact: Paula Burchette
  • HOA Contact: 252-441-5886
  • Fee Includes: Common Electric, Common Insurance, Management, Road Maintenance, Security

Lot Info

  • Estimated Lot Sq Ft: 12534
  • Lot Description: Bulkheaded, Cul-de-sac, Irregular Terrain, Wooded
  • Lot Faces: W
  • Lot Size: irregular
  • Deed Book: 1662
  • Unit/Lot Number: Lot 154

Tax Info

  • Year: 2015
  • Taxes: 1111.65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2015
Closed on
Mar 10, 2016
Sold by
Scull Kevin J and Scull Jocelyn C
Bought by
Reed Timothy K and Reed Charlene H
Seller's Agent
Carol Hunsecker
Due East Real Estate
Buyer's Agent
Colleen Shriver
Century 21 Nachman Realty
List Price
$129,000
Sold Price
$107,000
Premium/Discount to List
-$22,000
-17.05%
Total Days on Market
254
Current Estimated Value
$642,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$535,132
Avg. Annual Appreciation
21.58%
Original Mortgage
$80,250
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 17, 2005
Sold by
Mcminn Kenneth J and Mcminn Jane E
Bought by
Scull Kevin J and Scull Jocelyn C

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Reed Timothy K $107,000 Attorney
Scull Kevin J $265,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reed Timothy K $234,000
Closed Reed Timothy K $233,000
Closed Reed Timothy K $80,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2016 03/10/16 Sold $107,000 -17.1% --
01/26/2016 01/26/16 Pending -- -- --
05/17/2015 05/17/15 For Sale $129,000 -- --
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,336 $373,700 $138,000 $235,700
2023 $2,336 $373,700 $138,000 $235,700
2022 $2,298 $373,700 $138,000 $235,700
2021 $2,242 $370,600 $138,000 $232,600
2020 $2,237 $370,600 $138,000 $232,600
2019 $2,299 $322,800 $165,400 $157,400
2018 $1,203 $169,000 $165,400 $3,600
2017 $1,198 $168,300 $165,400 $2,900
2016 $1,131 $168,300 $165,400 $2,900
2014 $1,079 $165,400 $165,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 88132

Outer Banks Association of REALTORS®

APN: 026702000