NOT LISTED FOR SALE

115 E Sothel St Kill Devil Hills, NC 27948

-- Bed
-- Bath
-- Sq Ft
1976 Built

Sale Details

Date Sold: January 14, 2020

Last sale price $487,500

229 Days on Market

Highlights

  • Level Lot
  • Carpet
  • 4-minute walk to Hayman Park
  • First Flight Middle School Rated A-

About This Home

As of January 2020

KILL DEVIL HILLS OCEANSIDE COMMERCIAL opportunity. This is a 6 unit apartment building that consists of 4 one bedroom units and 2 two bedroom units. 100% occupied. The property has been updated and remodeled. Recent improvements: new exterior siding and decks, septic replaced in 2012, parking lot stripped in 2017. Interior improvements include: interior paint and flooring in all the units in the past 4 years, new wall units in apartments 3,4,5,6 and refrigerators in units 4 and 3. All units have monthly power usage allowance - $75 for 1 bedroom and $100 for 2 bedrooms. Water is included in rent. E. Hayman Blvd beach access is just down the street. W.

Last Agent to Sell the Property

Anna Hunt

Brindley Beach Vacations & Sales - KH License #231616 Listed on: 03/27/2019

Last Buyer's Agent

Sarah Brown

Keller Williams Outer Banks KDH License #265135

Keller Williams Outer Banks KDH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,426

Year Built

  • Built in 1976

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • Paved Parking
  • Parking Lot

Lot Details

  • Level Lot

Utilities

  • Window Unit Cooling System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Va Dare Shores Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,426

Year Built

Built in 1976

Listing Details

  • Class: COMMERCIAL/INDUSTRIAL
  • Flood Zone: AE
  • Subdivision Name: Virginia Dare Shores
  • Headline: 6 Unit Income Producer!
  • L V T Date: 03/28/2019
  • Roads: Public, Paved
  • Sale/Rent: For Sale
  • Zoning: Res
  • Property Features: Dumpster, Gutter(s)
  • Deed Book Pg Number: 16
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C14121
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation: Piling
  • Insulation: Yes
  • Floor Covering: Carpet, Vinyl, Wood Laminate

Exterior Features

  • Construction: Frame, Wood
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Sewer/Septic System: Private Septic
  • Water: Municipal Water

Lot Info

  • Lot Description: Level
  • Deed Book: 1954
  • Unit/Lot Number: Lots 17-20

Rental Info

  • Actual Income: 60113
  • Gross Income Range: $60,001 - $100,000

Building Info

  • Year Built: 1976

Tax Info

  • Year: 2018
  • Taxes: 3425.72

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2019
Closed on
Jan 10, 2020
Sold by
Bought by
Seller's Agent
Anna Hunt
Brindley Beach Vacations & Sales - KH
Buyer's Agent
Sarah Brown
Keller Williams Outer Banks KDH
List Price
$499,900
Sold Price
$487,500
Premium/Discount to List
-$12,400
-2.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,250
Interest Rate
0.0373%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 19, 2013
Closed on
Dec 30, 2013
Sold by
Bought by
Seller's Agent
Clarence Gibbs
Gibbs Realty & Construction, LLC
Buyer's Agent
Anna Hunt
Brindley Beach Vacations & Sales - KH
List Price
$499,000
Sold Price
$375,000
Premium/Discount to List
-$124,000
-24.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.44%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$487,500 None Available
$375,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $341,250
Closed $718,476
Closed $839,967
Closed $360,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/14/2020 01/14/20 Sold $487,500 -2.5% --
11/11/2019 11/11/19 Pending -- -- --
09/10/2019 09/10/19 For Sale $499,900 0.0% --
07/30/2019 07/30/19 Pending -- -- --
07/27/2019 07/27/19 Price Changed $499,900 -13.7% --
05/10/2019 05/10/19 Price Changed $579,000 -3.3% --
03/27/2019 03/27/19 For Sale $599,000 +59.7% --
12/30/2013 12/30/13 Sold $375,000 -24.8% -- View Prior Sale
12/11/2013 12/11/13 Pending -- -- --
10/19/2013 10/19/13 For Sale $499,000 -- --
Source: Outer Banks Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,214 $959,900 $475,300 $484,600
2024 $1,798 $476,000 $219,400 $256,600
2023 $3,596 $476,000 $219,400 $256,600
2022 $3,430 $476,000 $219,400 $256,600
2021 $3,430 $476,000 $219,400 $256,600
2020 $3,430 $476,000 $219,400 $256,600
2019 $3,503 $402,600 $170,200 $232,400
2018 $3,426 $402,600 $170,200 $232,400
2017 $3,426 $402,600 $170,200 $232,400
2016 $3,265 $402,600 $170,200 $232,400
2014 $314 $402,600 $170,200 $232,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 104416

Outer Banks Association of REALTORS®
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