NOT LISTED FOR SALE

1526 Baileys Bay Rd Unit 14 Kill Devil Hills, NC 27948

Estimated Value: $537,572 - $574,000

3 Beds
3.5 Baths
1,799 Sq Ft
$470/mo HOA Fee

Last Sold December 11, 2018

Last sale price $362,400 $201 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,795/month

246 Days on Market

Highlights

  • Health Club
  • Outdoor Pool
  • Clubhouse
  • First Flight Middle School Rated A-
  • Craftsman Architecture
  • Furnished

About This Home

As of December 2018

RENTAL INCOME GUARANTEE 2019-2021...MINIMUM OF $29,451/YR for 3 YEARS! MAIN MODEL HOME/OPEN HOUSE LOCATION! NEW WARWICK MODEL on Homesite 14 offering 'GROUND FLOOR LIVING'! No Steps to climb to enter the open concept Kitchen/Living/Dining Area on the Ground level complete with 1/2 Bath and 1 Car Garage/Dry Entry (3 Bedrooms and Bonus Den on 2nd Level)! SMART HOME (Lutron Smart Home Package included) and FURNISHED BY EXOTIC HOME (Includes TV, Blinds, Washer, Dryer and Artwork!) ~ MAINTENANCE FREE SINGLE FAMILY DETACHED CONDOMINIUMS! Come experience Single Family Living with all of the Maintenance Free advantages of a Condo in this stunning 2 Story Warwick model at Devonshire Place! MAINTENANCE FREE LIVING with Association fees covering Flood, Wind and Hazard Insurance on the buildings AND almost all exterior maintenance from roof, painting, windows, doors, decking, fencing, termite treatment, and lawn care!! (Homeowner only responsible to maintain yard inside back fenced in area and interior contents.) Compare our HOA dues to the insurance and pool expenses on other SF homes in the area (see our expense comparison in associated docs)...this is a great deal!! This 3 bedrooms, 3 full, 1 half bath Detached Condominium features high end finishes and the highest quality construction methods and materials by Outer Banks Renovation and Construction, LLC AND A 10 YR BONDED BUILDERS WARRANTY! Pull into your 1 car garage on the Ground floor for dry entry, which also includes a Half bath as well as an open floor plan with spacious living, dining, and kitchen areas. Socialize with guests at the breakfast bar while prepping in your luxury Kitchen complete with Granite countertops, a Subway Tile back splash, custom cabinetry with self close finishes by Wolf, Kohler faucets (a total Kohler Home!), and stainless steel Whirlpool Gold appliances, or unwind in the light and bright living room with Simonton windows (all windows in house are Impact Resistant!). Super Durable Karndean Luxury Vinyl Tile flooring in the Van Gogh Collection tie the rooms together beautifully. The 2nd floor offers three Master Bedroom Suites featuring Shaw Clear Touch Polyester Loop carpet, all with private bathrooms complete with Granite counter tops, Wolf Cabinetry, and Kohler fixtures. The Master Suites also include large walk-in closets (plenty of storage!) plus 1 Custom Tiled Shower with Glass Door in the Main Master Bath Shower. The 2nd Level also features a Large BONUS Den area that can be used as a Game Room, Library, etc...a great optional space! Other features include 2x6 Construction, Fiber Cement Siding, All Impact Resistant Simonton Windows and Doors, Fire Suppression System, Owens Corning Duration Lifetime Shingles, a Lutron expandable SMART HOME system, a 128 sq.ft. Concrete Patio in the fenced in backyard area, and More! Devonshire Place is centrally located in Kill Devil Hills in the revitalized community of Bermuda Bay. Enjoy a stroll or bike ride to the Wright Brother’s Memorial, area shopping, schools, beaches and restaurants. Or perhaps join your neighbors for socializing at the Elbow Beach Clubhouse, where residents and their guests can relax under sun-shaded fabric cabanas or take a dip in the meandering pool. In addition to the Clubhouse and custom Outdoor Community Pool, the association amenities also include a Fitness Center with tons of equipment and several TV's. This is a fantastic opportunity to own an easy to maintain primary, 2nd home or investment property! Financing approved with Towne Bank with a $500 Closing Cost Credit!

Last Listed By

Heather Sakers

Coldwell Banker Seaside Realty KH License #255119 Listed on: 03/05/2018

Coldwell Banker Seaside Realty KH

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $120

Year Built

  • Built in 2018

Lot Details

  • Property fronts a private road
  • Fenced Yard
  • Landscaped
  • Sprinkler System

HOA Fees

  • $470 Monthly HOA Fees

Home Design

  • Craftsman Architecture
  • Coastal Architecture
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Cement Board or Planked

Interior Spaces

  • 1,799 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Library
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Home Security

Parking

  • Garage
  • Carport
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Outdoor Pool
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Community Details

Overview

  • Association fees include common insurance, flood insurance, grounds maintenance, management, pool, road maintenance
  • Devonshire Place HOA, Phone Number (252) 480-4735
  • Built by Outer Banks Renovation & Const
  • Bermuda Bay Devonshire Place Subdivision

Recreation

  • Health Club
  • Community Pool

Additional Features

  • Clubhouse
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$120

Year Built

Built in 2018

Lot Details

0

HOA Fees

$470 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Craftsman, Coastal
  • Directions: W on Colington Road. Left on Bermuda Bay Boulevard. Past Clubhouse, Right on Devonshire Road. Left on Bermuda Bay Blvd.
  • Extras: Ceiling Fan(s), Covered Decks, Fenced Yard, Garage Door Opener, Landscaped, Lawn Sprinklers, Outside Lighting, Patio, Smoke Detector(s)
  • Flood Zone: X
  • Headline: 3 YR RENTAL INCOME GUARANTEE!
  • Heated Sq Ft: 1799
  • L V T Date: 03/05/2018
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Unit Level Number: 1
  • Zoning: RES
  • Deed Book Pg Number: 114
  • Major Subdivision: Bermuda Bay
  • Office License Number: C7166
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator
  • Bedrooms: 3
  • Bedroom 1: MASTER STE, On Level: 1
  • Bedroom 2: MASTER STE, On Level: 1
  • Bedroom 3: MASTER STE, On Level: 1
  • Kitchen: On Level: Ground
  • Countertops: Granite
  • Floor Coverings: Carpet, Wood Laminate
  • Foundation: Slab
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: Dryer Connection, Ice Maker Connection, Ensuite, Washer Connection
  • Dining Room: On Level: Ground
  • Living Room: On Level: Ground
  • Optional Rooms: Library/Study
  • Partial Bathrooms: 1
  • Optional Room 1: BONUS DEN, On Level: 1

Exterior Features

  • Homebuilder: Outer Banks Renovation & Const
  • Construction: Frame, Wood
  • Covered Deck Size: 63 SQ.FT.
  • Exterior: Shakes, Cement Fiber Board
  • Pool: Yes
  • Pool: Association
  • Pool Type: Outdoor, Custom, Association Pool
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: 1 Car, Attached
  • Garage Sq Ft: 278
  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Heat Pump, Zoned
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Insurance, Flood Insurance, Grounds Maintenance, Management, Pool, Road Maintenance
  • Condo Type: Detached
  • Association Amenities: Clubhouse, Health Club, Outdoor-Comm. Pool
  • Association Fee: Yes
  • Estimated Annual Fee: 5645
  • Hoa Contact: Devonshire Place HOA
  • HOA Contact: 252.480.4735

Lot Info

  • Lot Description: Level
  • Deed Book: 1955

Rental Info

  • Est Annual Rental Income: 34649
  • Estimated Rental Performance: 0.0956

Building Info

  • Year Built: 2018

Tax Info

  • Year: 2018
  • Taxes: 120

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2024
Sold by
Mourgides Nicholas S and Mourgides Gayle L
Bought by
Bankovich Jerome J and Bankovich Mariam T
Total Days on Market
246
Current Estimated Value
$558,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$247,508
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$304,980

Purchase Details

Listed on
Mar 5, 2018
Closed on
Nov 29, 2018
Sold by
Florida Obx 2Nd Llc
Bought by
Mourgides Nicholas S and Mourgides Gayle E
Seller's Agent
Heather Sakers
Coldwell Banker Seaside Realty KH
Buyer's Agent
Whitney Hawkins
Brindley Beach Vacations & Sal
List Price
$355,350
Sold Price
$362,400
Premium/Discount to List
$7,050
1.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.80%
Original Mortgage
$240,000
Interest Rate
4.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

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 Buyer Sale Price Title Company
Bankovich Jerome J $550,000 None Listed On Document
Mourgides Nicholas S $362,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bankovich Jerome J $250,000
Previous Owner Mourgides Nicholas S $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2018 12/11/18 Sold $362,400 0.0% $201 / Sq Ft
11/06/2018 11/06/18 Pending -- -- --
07/24/2018 07/24/18 Price Changed $362,400 +2.0% $201 / Sq Ft
03/05/2018 03/05/18 For Sale $355,350 -- $198 / 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 $2,764 $365,900 $60,000 $305,900
2023 $2,764 $365,900 $60,000 $305,900
2022 $2,636 $365,900 $60,000 $305,900
2021 $2,636 $365,900 $60,000 $305,900
2020 $2,636 $365,900 $60,000 $305,900
2019 $2,057 $236,400 $35,000 $201,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 99500

Outer Banks Association of REALTORS®

APN: 008164017