$440,000
SOLD MAR 7, 2013

120 Chip Ct Duck, NC 27949

4 Beds
2 Baths
1,760 Sq Ft
0.36 Acres

Recently Sold

$250 Per Sq Ft

4% Below List Price

281 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Cathedral Ceiling
  • Kitty Hawk Elementary School Rated 9+
  • Heated Indoor Pool
  • Furnished

About This Home

As of July 2020

This is a great property in the heart of Duck. Rental numbers are very desirable and one of the best deals in Duck. House has been very well maintained and has a heated pool to help attract more spring and fall rental weeks. The house is located on the end of a Cul De Sac and is extremely well situated for families with kids. Property also offer all of the Schooner Ridge amenities. Pools, tennis court, club house and more. Short walk to all that the town of Duck has to offer. Come check out "Ducking Responsilbilities" this deal it will not last long.

Last Agent to Sell the Property

Tim Lancsek

Surfside Realty License #210399 Listed on: 04/30/2012

Surfside Realty

Last Buyer's Agent

Four Seasons Realty

Four Seasons Realty License #177785

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,255

Year Built

  • Built in 1986

Lot Details

  • 0.36 Acre Lot
  • Cul-De-Sac
  • Landscaped

HOA Fees

  • $163 Monthly HOA Fees

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 1,760 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Screened Porch
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport

Pool

  • Heated Indoor Pool
  • Spa
  • Fiberglass Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Exterior Lighting

Utilities

  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot 18

Community Details

Overview

  • Association fees include common insurance, grounds maintenance, management, pool, road maintenance, tennis courts, walkways
  • Schooner Ridge Subdivision

Recreation

  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Racquetball
  • Community Indoor Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,255

Year Built

Built in 1986

Lot Details

0

HOA Fees

$163 per month

Listing Details

  • Class: RESIDENTIAL
  • Directions: Drive to Duck turn east on Schooner Ridge Rd and then north on Chip Court.
  • Extras: Beach Access, Ceiling Fan(s), Hot Tub, Landscaped, Outside Lighting, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Heated Sq Ft: 1760
  • Potential Short Sale: Yes
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 1
  • Zoning: res
  • Deed Book Pg Number: 340
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 4
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Wood Fireplace

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool Type: Indoor, Fiberglass, Heated
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: 3 + Car, Carport
  • Parking: Paved

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Tennis Courts, Walkways
  • Association Amenities: Health Club, Indoor-Comm. Pool, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Racquetball
  • Association Fee: Yes
  • Estimated Annual Fee: 1950

Lot Info

  • Estimated Lot Sq Ft: 15500
  • Lot Description: Cul-de-sac
  • Lot Faces: South
  • Lot Size: Irregular
  • Lot Number: Lot 18
  • Deed Book: 1720

Rental Info

  • Est Annual Rental Income: 41315
  • Estimated Rental Performance: 0.0939
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Ducking Rresponsibilites
  • Rental Cottage Number: B443T
  • Rental Phone Number: 252.457.1190
  • Rental Turnover Day: Sunday

Building Info

  • Year Built: 1986

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2012
  • Taxes: 2255

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2020
Closed on
Jul 17, 2020
Sold by
Phillips Damon Y and Phillips Jennifer L
Bought by
Miklandric Kimberly J and Miklandric Stephen J
Seller's Agent
Four Seasons Realty
Four Seasons Realty
Buyer's Agent
Catherine Strachan
Brindley Beach Vacations & Sales-Duck
List Price
$599,000
Sold Price
$570,000
Premium/Discount to List
-$29,000
-4.84%
Current Estimated Value
$930,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,439
Avg. Annual Appreciation
10.45%
Original Mortgage
$510,400
Outstanding Balance
$458,380
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$481,535

Purchase Details

Listed on
Apr 30, 2012
Closed on
Mar 4, 2013
Sold by
Hollister Steven W and Hollister Christina M
Bought by
Phillips Damon Y and Phillips Jennifer L
Seller's Agent
Tim Lancsek
Surfside Realty
Buyer's Agent
Four Seasons Realty
Four Seasons Realty
List Price
$459,000
Sold Price
$440,000
Premium/Discount to List
-$19,000
-4.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.57%
Original Mortgage
$396,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2007
Sold by
Rinderknecht David L and Rinderknecht Jane M
Bought by
Hollister Steven W and Hollister Christina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
8.77%
Mortgage Type
Assumption
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 Type Sale Price Title Company
Deed $570,000 None Available
Warranty Deed $2,640,000 None Available
Warranty Deed $525,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $510,400 New Conventional
Previous Owner $396,000 New Conventional
Previous Owner $525,000 Assumption
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2020 07/23/20 Sold $570,000 -4.8% $324 / Sq Ft
06/21/2020 06/21/20 Pending -- -- --
05/13/2020 05/13/20 For Sale $599,000 +36.1% $340 / Sq Ft
03/07/2013 03/07/13 Sold $440,000 -4.1% $250 / Sq Ft
02/05/2013 02/05/13 Pending -- -- --
04/30/2012 04/30/12 For Sale $459,000 -- $261 / Sq Ft
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 $3,274 $492,300 $216,800 $275,500
2023 $3,123 $503,320 $216,800 $286,520
2022 $3,123 $503,320 $216,800 $286,520
2021 $3,130 $503,320 $216,800 $286,520
2020 $2,782 $466,088 $216,800 $249,288
2019 $2,852 $400,400 $201,500 $198,900
2018 $2,859 $400,400 $201,500 $198,900
2017 $2,797 $400,400 $201,500 $198,900
2016 $2,626 $400,400 $201,500 $198,900
2014 $2,633 $400,400 $201,500 $198,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 74735

Outer Banks Association of REALTORS®

APN: 026469018