NOT LISTED FOR SALE

114 Silo Dr Chocowinity, NC 27817

Estimated Value: $423,000 - $449,000

4 Beds
2 Baths
1,480 Sq Ft
$293/Sq Ft Est. Value

Last Sold October 05, 2021

Last sale price $340,000 $230 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,455/month

2 Days on Market

Highlights

  • Boat Dock
  • Water Access
  • Home fronts a canal
  • Chocowinity Primary School Rated A-
  • Boat Ramp
  • Deck

About This Home

As of October 2021

Immaculate 4 bed 2 bath waterfront home in the wonderful Bay Lake Subdivision! This property includes 4 bedrooms and 2 full baths on the main level as well as an open concept living, dining, and kitchen area. There is an additional full bath (unpermmited) on the lower level (NOT included in the total sqft or listing) which is great for washing off after a long boat day. This gorgeous property is located on the canal and includes a neighborhood boat ramp. Just minutes away from Downtown Washington!

Last Agent to Sell the Property

Mia Nelson

Haystack Realty Group License #326459 Listed on: 08/27/2021

Last Buyer's Agent

Louann Lancaster

eXp Realty License #293519

eXp Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2015

Lot Details

  • 0.49 Acre Lot
  • Home fronts a canal
  • Property is zoned Residential-FF

Home Design

  • Block Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,480 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Canal Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Water Access
  • Boat Ramp
  • Deck
  • Patio
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • On Site Septic
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 5675-61-4496

Community Details

Overview

  • No Home Owners Association
  • Bay Lake Subdivision

Recreation

  • Boat Dock
  • Community Boat Slip

Home Details

Home Type

Single Family

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Auction: No
  • Cobra Zone: No
  • Construction: Concrete, Wood Frame
  • Construction Type: Stick Built
  • Cooling System: Central
  • Deed Page: 477.00
  • Directions To Property: Turn right onto Whichards Beach Rd, right into Bay Lake, right onto Silo Dr, home is on the right
  • Document Count: 3
  • Fencing: None
  • Fireplace: None
  • Foundation: Block
  • Fuel Tank: None
  • H O A: No
  • H O Aand Neighborhood Amenities: Boat Dock, Boat Slip - Not Assigned
  • Listing I D: 100288049
  • List Priceper Sq Ft: 233.04
  • Location Type: Mainland
  • Lot Acres: 0.49
  • Lot Dimensions: .49
  • Lot Sq Ft: 21344.00
  • Lot Water Features: Boat Dock, Water Access Comm, Boat Ramp
  • Marketing City: Chocowinity
  • M L S Approved: Y
  • New Construction: No
  • Porch Balcony Deck: Deck, Porch, Patio
  • Prospect Exempt: No
  • Road Type Frontage: Paved
  • Secondary Subdivision: N/A
  • Sign On Property: Yes
  • Sq Ft Heated: 1480.00
  • State Province: NC
  • Stipulation Of Sale: None
  • Stories: 1.0
  • Stories Levels: One
  • Subdivision: Bay Lake
  • Tax Identifier: 5675-61-4496
  • Tax Year: 2021
  • Terms: Cash, VA Loan, FHA, Conventional
  • Total Heated Primary Separate Sq Ft: 1480.00
  • Un Branded Virtual Tour: https://www.propertypanorama.com/instaview/ncrmls/100288049
  • Waterview: Yes
  • Year Built: 2015
  • Zoning: Residential-FF
  • Road Frontage Type: Canal Front
  • Lot View Type: Canal View
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination, Kitchen
  • Interior Amenities: Blinds/Shades, Walk-In Closet, Ceiling Fan(s)
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 4
  • Bedroom2 Level: First
  • Bedroom3 Level: First
  • Bedroom4 Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Block, Vinyl Siding
  • Roof: Architectural Shingle
  • Waterfront: Yes

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: Paved

Utilities

  • Heated Sq Ft: 1400 - 1599
  • Heating System: Heat Pump
  • Utilities: Municipal Water, Septic On Site

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2021
Closed on
Oct 5, 2021
Sold by
Stallings Gary W and Stallings Rita M
Bought by
Octigan James D and Octigan Brenda B
Seller's Agent
Mia Nelson
Haystack Realty Group
Buyer's Agent
Louann Lancaster
eXp Realty
List Price
$344,900
Sold Price
$340,000
Premium/Discount to List
-$4,900
-1.42%
Current Estimated Value
$433,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,099
Avg. Annual Appreciation
5.83%
Original Mortgage
$140,000
Outstanding Balance
$128,161
Interest Rate
3.07%
Mortgage Type
Construction
Estimated Equity
$304,938

Purchase Details

Closed on
Oct 2, 2014
Bought by
Stallings Gary W and Stallings Rita M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Octigan James D $340,000 Attorney Only
Stallings Gary W $38,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Octigan James D $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2021 10/05/21 Sold $340,000 -1.4% $230 / Sq Ft
08/29/2021 08/29/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $344,900 -- $233 / Sq Ft
Source: Hive MLS

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
2025 $2,276 $389,506 $70,438 $319,068
2024 $2,048 $259,117 $32,118 $226,999
2023 $2,040 $259,117 $32,118 $226,999
2022 $2,035 $259,117 $32,118 $226,999
2021 $2,030 $259,117 $32,118 $226,999
2020 $2,051 $259,117 $32,118 $226,999
2019 $2,041 $259,117 $32,118 $226,999
2018 $1,980 $259,117 $32,118 $226,999
2017 $1,645 $234,405 $32,118 $202,287
2016 $1,168 $191,235 $32,118 $159,117
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100288049

Hive MLS

APN: 5675-61-4496