NOT LISTED FOR SALE

1110 Irvin Garrish Hwy Unit 2 Ocracoke, NC 27960

Estimated Value: $849,627

-- Bed
-- Bath
-- Sq Ft
0.32 Acres

Last Sold February 06, 2024

Last sale price $635,000

Est. 34% increase in value since last sale

Current estimated payment $4,881/month

144 Days on Market

Highlights

  • Wood Flooring
  • Park or Greenbelt View
  • Level Lot
  • Ocracoke School Rated 9+

About This Home

As of February 2024

ESTABLISHED LONG TERM TACKLE SHOP AND APARTMENT Tradewinds Tackle has been the "Go To" tackle shop for decades. Conveniently located at the entrance to Ocracoke Village, with ample parking and all the supplies for a successful day of fishing, either by boat or on the beach. With little or no competition, excellent location, and with the long fishing season of Ocracoke, this is a great opportunity for the discerning buyer. The property includes a 1000 sqft apartment on the second level, that could be rented weekly, seasonally, for employees or as owner housing. This is a perfect situation to operate during the season, then spend winter in the Keys. Owner will help train and assist with transition. Jason's Restaurant and the Tackle Shop have been recorded as condominiums for separation of the two properties and businesses. Taxes are not available yet. Additional information by request.

Last Agent to Sell the Property

Bobby Harrell

Harrell & Associates License #77804 Listed on: 06/05/2023

Last Buyer's Agent

Bobby Harrell

Harrell & Associates License #77804 Listed on: 06/05/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,000

Year Built

  • Built in 1969

Lot Details

  • 0.32 Acre Lot
  • Level Lot

Property Views

  • Park or Greenbelt Views

Home Design

  • Masonry Perimeter Foundation
  • Frame Construction
  • Ceiling Insulation
  • Metal Roof
  • Piling Construction

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • Unpaved Parking
  • Parking Lot

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Municipal Utilities District Water
  • Private or Community Septic Tank
  • Septic System

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,000

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Class: COMMERCIAL/INDUSTRIAL
  • Flood Zone: AE
  • Headline: ESTABLISHED TACKLE SHOP
  • L V T Date: 06/05/2023
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Current Use: TACKLE SHOP & APARTMENT
  • Property Features: Load Dock/Grade, Outside Storage, Roof Sign
  • Deed Book Pg Number: 391 (21)
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C10129
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation: Masonry, Piling
  • Insulation: Yes, Ceiling, Floor, Wall
  • Floor Covering: Carpet, Vinyl, Wood

Exterior Features

  • Construction: Frame
  • Roof: Metal
  • Street Frontage: 100
  • View: Park Serv./Preserve, Salt Marsh

Garage/Parking

  • Garage Details: 1-25 Spaces, Parking Lot, Unpaved

Utilities

  • Cooling: Wall Unit(s), Window Unit(s)
  • Heating: Space Heater(s), Wall Unit(s)
  • Sewer/Septic System: Private Septic, Non Conventional Septic
  • Water: Municipal Water

Lot Info

  • Estimated Lot Sq Ft: 14135
  • Lot Description: Common Area, Level
  • Estimated Lot Size: 0.32
  • Deed Book: 298
  • Unit/Lot Number: Unit 2

Rental Info

  • Gross Income Range: $400,001 - $800,000

Building Info

  • Year Built: 1969

Tax Info

  • Year: 2023
  • Taxes: 2000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2023
Sold by
Dysam Group Llc
Bought by
J Square Inc
Current Estimated Value
$849,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$692,000
Outstanding Balance
$675,876
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$173,751

Purchase Details

Closed on
Dec 20, 2022
Sold by
Powers Andrea E
Bought by
Jackson Grant Richard

Purchase Details

Closed on
Nov 30, 2007
Sold by
Oden Donald S and Oden Eyvonne F
Bought by
Dysam Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,500
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
J Square Inc $815,000 None Listed On Document
Jackson Grant Richard -- None Listed On Document
Jackson Grant Richard -- None Listed On Document
Dysam Group Llc $934,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J Square Inc $692,000
Previous Owner Dysam Group Llc $334,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/06/2024 02/06/24 Sold $635,000 -36.0% --
10/27/2023 10/27/23 Pending -- -- --
06/05/2023 06/05/23 For Sale $992,000 -- --
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 -- $50 $50 $0
2023 $4,525 $457,478 $330,000 $127,478
2022 $3,962 $433,044 $330,000 $103,044
2021 $3,529 $0 $0 $0
2020 $3,421 $433,044 $330,000 $103,044
2019 $3,775 $0 $0 $0
2018 $3,775 $483,959 $330,000 $153,959
2017 $3,180 $489,297 $382,500 $106,797
2016 $3,180 $489,297 $382,500 $106,797
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 122441

Outer Banks Association of REALTORS®

APN: 9500572625