NOT LISTED FOR SALE

1420 W First St Kill Devil Hills, NC 27948

Estimated Value: $754,000 - $1,058,000

1.33 Acres
$661,057 Price per Acre
58,100 Sq Ft Lot

Last Sold February 27, 2015

Last sale price $75,000

Est. 1,076% increase in value since last sale

Current estimated payment $5,029/month

92 Days on Market

Highlights

  • Views of a Sound
  • Home fronts a sound
  • Cul-De-Sac
  • First Flight Middle School Rated A-
  • Wooded Lot

About This Lot

As of February 2015

Have you always wanted to have an unobstructed view of the sound but have been priced out of the market? Here is the opportunity of a life time! A Large sound front lot in the heart of Kill Devil Hills offering unobstructed water views and memorable sunsets. Impress your friends with this million dollar view. What a location for the lover of the outdoors. Great neighborhood for year round living; Located along the KDH bike path and buffered to the East by hundreds of acres of National Park Service land. First Street divides the property into a large buildable water front parcel and a smaller parcel to the east of First St. Adjacent land is also available. Lot 4 Survey in Associated Docs. From the Bay Drive boat launch it's about a 3 minute ride in deep water (3 to 6 feet) and as you approach the Cove where this lot is located we pulled up the motor and paddled into the lot. The water depth is about 2 to 4 feet deep in the Cove however there is a lot of seagrass vegetation growing on the floor of the sound nearly to the surface - so the boat motor prop would get tangled in the grasses - making paddling in the best choice - or a motor mounted very close to the water surface. Kayaking is perfect here. You could buy a 50' wide lot on busy 3RD Street with views of the Belk Shopping Center for $69,000 or you could own a waterfront lot 4x the size for $10k more!! No Brainer. 360 Sphere of the front of the property: https://www.thesphere.com/391362 You are permitted to build on 30% of the land east of the AEC line. Lot is also listed as a house/lot package for $399,000 under MLS 85788

Last Agent to Sell the Property

Rick Drumm

Beach Realty & Construction License #141499 Listed on: 11/09/2014

Last Buyer's Agent

Rick Drumm

Beach Realty & Construction License #141499 Listed on: 11/09/2014

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,019

Lot Details

  • 1.33 Acre Lot
  • Home fronts a sound
  • Cul-De-Sac
  • Wooded Lot

Additional Features

  • Views of a Sound
  • Municipal Utilities District Water

Community Details

  • Pine Grove Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$1,019

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Directions: West on First Street all the way to the end
  • Flood Zone: AE
  • Roads: Public, Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Soundfront
  • Zoning: Res
  • Deed Book Pg Number: 0211
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Sound, Salt Marsh

Utilities

  • Water: Municipal
  • Electric: Available

Lot Info

  • Estimated Lot Sq Ft: 58100
  • Lot Description: Adj to Park Serv./Preserv, Cul-de-sac, Water Frontage, Wooded
  • Deed Book: 1958
  • Unit/Lot Number: Lot 4

Tax Info

  • Year: 2014
  • Taxes: 1019.23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2014
Closed on
Feb 25, 2015
Sold by
Jd Johnson Realty And Construction Llc
Bought by
Mason Gary M and Mason Susan R
Seller's Agent
Rick Drumm
Beach Realty & Construction
Buyer's Agent
Rick Drumm
Beach Realty & Construction
List Price
$79,000
Sold Price
$75,000
Premium/Discount to List
-$4,000
-5.06%
Current Estimated Value
$881,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$806,712
Avg. Annual Appreciation
26.17%

Purchase Details

Listed on
May 21, 2014
Closed on
Oct 31, 2014
Sold by
Fantasy Rentals Llc
Bought by
J D Johnson Realty & Construction Llc
Seller's Agent
Rick Drumm
Beach Realty & Construction
Buyer's Agent
Rick Drumm
Beach Realty & Construction
List Price
$89,500
Sold Price
$45,000
Premium/Discount to List
-$44,500
-49.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
482.10%

Purchase Details

Closed on
May 9, 2014
Sold by
Pearson Mark P and Pearson April J
Bought by
Fantasy Rentals Llc

Purchase Details

Closed on
Sep 30, 2008
Sold by
Fantasy Rentals Llc
Bought by
Pearson Mark P and Smith Scott A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,500
Interest Rate
6.45%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 27, 2007
Sold by
Orville Beach West Inc
Bought by
Fantasy Rentals Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mason Gary M -- Attorney
J D Johnson Realty & Construction Llc -- Attorney
Fantasy Rentals Llc $169,500 None Available
Pearson Mark P $187,500 None Available
Fantasy Rentals Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pearson Mark P $169,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2015 02/27/15 Sold $75,000 +66.7% --
02/09/2015 02/09/15 Pending -- -- --
11/14/2014 11/14/14 Sold $45,000 -43.0% --
11/09/2014 11/09/14 For Sale $79,000 -11.7% --
10/24/2014 10/24/14 Pending -- -- --
05/21/2014 05/21/14 For Sale $89,500 -- --
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 $4,243 $561,600 $214,000 $347,600
2023 $1,617 $214,000 $214,000 $0
2022 $1,542 $214,000 $214,000 $0
2021 $1,115 $214,000 $214,000 $0
2020 $1,112 $184,300 $184,300 $0
2019 $1,113 $156,300 $156,300 $0
2018 $913 $156,300 $156,300 $0
2017 $1,113 $156,300 $156,300 $0
2016 $1,050 $156,300 $156,300 $0
2014 $1,019 $156,300 $156,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 85803

Outer Banks Association of REALTORS®

APN: 008096004