NOT LISTED FOR SALE

118 Silo Dr Chocowinity, NC 27817

Estimated Value: $410,573 - $477,000

3 Beds
2.5 Baths
1,954 Sq Ft
$228/Sq Ft Est. Value

Last Sold September 19, 2024

Last sale price $382,000 $195 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,515/month

130 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Boat Dock
  • Deck
  • Chocowinity Primary School Rated A-
  • Home fronts a canal
  • Main Floor Primary Bedroom

About This Home

As of September 2024

Elevated home on one of the largest lots in Bay Lake with 160 feet of bulkheaded canal frontage, with a small dock to keep your boat parked right outside your back door. The canal; flows into Chocowinity Bay and the Pamlico River. The neighborhood offers a community boat ramp , so easy access for launching your boat .This roomy home offer three large bedrooms, and two and a half bathrooms. The kitchen , dining, and living area are designed with an open concept. The dining area has sliding glass doors, that open to the back deck. This is a great area for grilling and overlooks the canal. Underneath the home is a covered area for your cars or maybe a boat. The home is conveniently located , for easy drive to Washington, or Greenville.

Last Agent to Sell the Property

Rosemarie Smith

The Rich Company License #200071 Listed on: 04/05/2024

Last Buyer's Agent

Rosemarie Smith

The Rich Company License #200071 Listed on: 04/05/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,644

Year Built

  • Built in 2017

Lot Details

  • 0.57 Acre Lot
  • Home fronts a canal

Parking

  • On-Site Parking

Home Design

  • Raised Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Modular or Manufactured Materials

Interior Spaces

  • 1,954 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Vinyl Flooring

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Outdoor Features

  • Deeded Waterfront Access Rights
  • Pier
  • Deep Water Access
  • Bulkhead
  • Deck

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 10783

Community Details

Overview

  • No Home Owners Association
  • Bay Lake Subdivision

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,644

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Appliances Equipment: Dishwasher, Range, Refrigerator, Microwave - Built-In
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Modular
  • Cooling System: Central
  • Deed Page: 683.00
  • Directions To Property: From Whichard's Beach Road turn into Bay Lake on Warrens Way, then turn right onto Silo Drive, Go to then end of the road and the home is on the right
  • Document Count: 1
  • Fencing: None
  • Fireplace: None
  • Foundation: Raised
  • Fuel Tank: None
  • H O A: No
  • H O Aand Neighborhood Amenities: No Amenities
  • Listing I D: 100437014
  • List Priceper Sq Ft: 204.20
  • Location Type: Mainland
  • Lot Acres: 0.57
  • Lot Dimensions: 160 feet of bulkheaded waterfront
  • Lot Sq Ft: 24829.00
  • Lot Water Features: Boat Dock, Deeded Water Rights, Water Depth 4+, Water Access Comm, Pier, Deeded Waterfront, Bulkhead
  • Marketing City: Chocowinity
  • M L S Approved: Y
  • New Construction: No
  • Porch Balcony Deck: Deck
  • Prospect Exempt: No
  • Road Type Frontage: Paved
  • Secondary Subdivision: N/A
  • Sign On Property: Yes
  • Sq Ft Heated: 1954.00
  • State Province: NC
  • Stipulation Of Sale: None
  • Stories: 2.0
  • Stories Levels: One
  • Subdivision: Bay Lake
  • Tax Identifier: 10783
  • Tax Year: 2023
  • Terms: Cash, USDA Loan, VA Loan, FHA, Conventional
  • Total Real Estate Property Taxes: 1644.38
  • Total Heated Primary Separate Sq Ft: 1954.00
  • Year Built: 2017
  • Zoning: R
  • Road Frontage Type: Canal Front
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Flooring: Vinyl
  • Interior Amenities: Ceiling Fan(s)
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Bedrooms: 3

Exterior Features

  • Exterior Finish: Wood Siding
  • Roof: Shingle
  • Waterfront: Yes

Garage/Parking

  • Parking Driveway: On Site

Utilities

  • Heated Sq Ft: 1800 - 1999
  • Heating System: Heat Pump
  • Utilities: Municipal Water, Septic On Site
  • Heating System Fuel Source: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
Sep 19, 2024
Sold by
Welch Jodi Lynn
Bought by
Fussell Steven Lindsey and Fussell Sylvia Bradley
Seller's Agent
Rosemarie Smith
The Rich Company
Buyer's Agent
Rosemarie Smith
The Rich Company
List Price
$399,000
Sold Price
$382,000
Premium/Discount to List
-$17,000
-4.26%
Views
151
Current Estimated Value
$445,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,893
Avg. Annual Appreciation
12.63%
Original Mortgage
$195,000
Outstanding Balance
$192,808
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$253,085

Purchase Details

Closed on
May 19, 2016
Bought by
Welch Jodi Lynn
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
Fussell Steven Lindsey $382,000 None Listed On Document
Welch Jodi Lynn $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fussell Steven Lindsey $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2024 09/19/24 Sold $382,000 -4.3% $195 / Sq Ft
08/13/2024 08/13/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $399,000 0.0% $204 / Sq Ft
07/15/2020 07/15/20 Rented $1,250 0.0% --
07/05/2020 07/05/20 Under Contract -- -- --
07/02/2020 07/02/20 For Rent $1,250 -- --
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 $2,197 $374,768 $78,375 $296,393
2024 $1,832 $229,022 $37,080 $191,942
2023 $1,824 $229,022 $37,080 $191,942
2022 $1,819 $229,022 $37,080 $191,942
2021 $1,814 $229,022 $37,080 $191,942
2020 $1,832 $229,022 $37,080 $191,942
2019 $1,822 $229,022 $37,080 $191,942
2018 $1,766 $229,022 $37,080 $191,942
2017 $307 $47,966 $37,080 $10,886
2016 $293 $47,966 $37,080 $10,886
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100437014

Hive MLS

APN: 5675-61-3518