NOT LISTED FOR SALE

138 Cuttensage Ln Ocracoke, NC 27960

Estimated Value: $822,000 - $1,030,000

2 Beds
2.5 Baths
1,488 Sq Ft
$621/Sq Ft Est. Value

Last Sold October 23, 2015

Last sale price $445,000 $299 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $5,859/month

262 Days on Market

Highlights

  • 105 Feet of Waterfront
  • Views of a Sound
  • Wood Flooring
  • Ocracoke School Rated 9+
  • Contemporary Architecture
  • Furnished

About This Home

As of October 2015

This beautiful contemporary home is perfectly designed to fully capitalize on it's unique and beautiful location. The 53 foot dock offers deep water dockage and sound access. The roof top deck offers panoramic views of neighboring salt marsh and Pamlico Sound. The first floor open design with it's gas fireplace and half bath is the perfect setting for entertaining or cozy nights at home. The attractive spacious staircase takes you up to two master beds with full baths which both access second floor porch. You pass by the wet bar on your way up to the roof top deck which boasts amazing views of the surrounding salt marsh and Pamlico Sound. While this home is currently a primary residence it was once in a vacation rental program with a very strong rental history. This home is perfectly suited to it's environment and would make an ideal residence or vacation home.

Last Agent to Sell the Property

Daphne Bennink

Ocracoke's Lightship Realty License #120559 Listed on: 12/12/2014

Last Buyer's Agent

Donna Drilling

Ocracoke Island Realty License #182570

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,714

Year Built

  • Built in 2010

Lot Details

  • 5,230 Sq Ft Lot
  • 105 Feet of Waterfront
  • Home fronts a canal

Parking

  • Off-Street Parking

Property Views

  • Views of a Sound
  • Canal Views

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 1,488 Sq Ft Home
  • Furnished
  • Gas Fireplace
  • Living Room
  • Dining Room

Kitchen

  • Oven or Range
  • Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

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

Community Details

  • Oyster Creek Banks Subdivision

Listing and Financial Details

  • Tax Lot 32

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,714

Year Built

Built in 2010

Lot Details

5,230 Sq Ft Lot

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary
  • Directions: South on Hwy 12, rt on Back Rd, rt on First Ave, over 1rst bridge turn rt on Cutten Sage, 2nd on rt
  • Heated Sq Ft: 1488
  • Primary Residence: Yes
  • Roads: Public
  • Sale/Rent: For Sale
  • Waterfront Location: Canalfront
  • Deed Book Pg Number: 580
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 2
  • Bedroom 1: On Level: 2
  • Bedroom 2: On Level: 2
  • Kitchen: On Level: 1
  • Countertops: Granite
  • Floor Coverings: Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: Gas Fireplace
  • Dining Room: On Level: 1
  • Living Room: On Level: 1
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Shakes
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 50
  • View: Canal, Sound, Salt Marsh
  • Water Frontage: 105

Garage/Parking

  • Parking: Off Street

Utilities

  • Cooling: Central
  • Heating: Heat Pump
  • Oilgas Severed Pre Owner: No Representation
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 5230
  • Lot Faces: NE
  • Lot Size: 50.10 X 104.49 X 50.32 X
  • Lot Number: Lot 32
  • Deed Book: 182

Building Info

  • Year Built: 2010

Tax Info

  • Year: 2014
  • Taxes: 3714.23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2023
Sold by
Elms Donald J and Elms Laura F
Bought by
Fountain Elms Llc
Current Estimated Value
$923,667

Purchase Details

Listed on
Dec 12, 2014
Closed on
Oct 2, 2015
Sold by
Gilbert Dolores S and Gilbert John T
Bought by
Elms Donald J and Elms Laura F
Seller's Agent
Daphne Bennink
Ocracoke's Lightship Realty
Buyer's Agent
Donna Drilling
Ocracoke Island Realty
List Price
$535,000
Sold Price
$445,000
Premium/Discount to List
-$90,000
-16.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.25%
Original Mortgage
$356,000
Interest Rate
3.89%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fountain Elms Llc -- None Listed On Document
Fountain Elms Llc -- None Listed On Document
Elms Donald J $445,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elms Donald J $356,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2015 10/23/15 Sold $445,000 -16.8% $299 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
12/12/2014 12/12/14 For Sale $535,000 -- $360 / Sq Ft
Source: Outer Banks Association of REALTORS®

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
2023 $4,639 $440,046 $190,000 $250,046
2022 $4,062 $443,884 $190,000 $253,884
2021 $3,618 $443,884 $190,000 $253,884
2020 $3,507 $443,884 $190,000 $253,884
2019 $3,507 $443,884 $190,000 $253,884
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 86092

Outer Banks Association of REALTORS®

APN: 9501412039

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