NOT LISTED FOR SALE

173 Wax Myrtle Trail Southern Shores, NC 27949

Estimated Value: $1,747,000 - $1,871,000

7 Beds
6.5 Baths
4,670 Sq Ft
$386/Sq Ft Est. Value

Last Sold September 28, 2012

Last sale price $749,000 $160 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $10,410/month

53 Days on Market

Highlights

  • Community Beach Access
  • Ocean View
  • Spa
  • Kitty Hawk Elementary School Rated 9+
  • Boat Dock
  • Cathedral Ceiling

About This Home

As of September 2012

HUGE PRICE DECREASE! Premier luxury home! Panoramic OCEAN VIEWS! Over the top elegance in this 7 bedroom 6 full bath 1 half bath home. This beautiful home has everything you would want and is so lovely it will take your breath away. Designer POOL with 6 foot in-ground hot tub. Elevator. Enormous great room with ocean views from everywhere in this elegant living area. Large flat screen TV Home theatre system, surround sound w speakers in almost every room throughout the house as well as many outside speakers, gas fireplace, accent lighting, wet bar, under counter refrigerator with ice maker. Huge decks, one with an outside gas fire pit. Wonderful sunsets. Over the top, HIGH END designer furnishings throughout the home, sold furnished with exceptions. Large kitchen of your dreams with top of the line stainless appliances, Fisher and Paykel five burner gas range-top with ocean-dolphin scene back splash, soapstone backsplash in the rest of the kitchen, granite countertops, two dishwashers, double ovens, artistic design tile back splash. The tile work in this kitchen and in most all of the bathrooms is some of the most extensive and artistic you will see. A $100k ceramic tile budget and it shows!!! Elegant gold leaf themed powder room. Two story high grand entrance foyer with mosaic tile floor and huge chandelier. Top floor master bedroom has fantastic ocean views, private deck, it’s own gas fireplace and flat screen TV and a huge over the top artistically tiled master bath with a whirl pool tub and a glassed in tiled walk in shower. Middle floor has four master bedrooms with beautiful tiled bathrooms three with tub/showers and one with a whirl pool tub and separate tiled shower. Each is more stunningly decorated than the next. All of these bedrooms have their own access to the expansive decks. Marble hallway. On the ground floor is a beautiful tiled recreation room with a full bar, sink, under counter refrigerator/freezer, gas fireplace, big screen TV, pool table, a slider to the pool area and 2 bedrooms each with 1 twin and another full bath with tub/shower. You also have a washer and dryer on that floor as well as the second floor. Step outside to the nicely landscaped pool area with 6 foot in-ground hot tub. Low maintenance vinyl pool fence and railings on all the decks. With so many decks that will save a ton on painting costs. Under the house you have a toilet and outdoor shower. The yard is large and tastefully landscaped with an irrigation system. A huge amount of parking. The extra deep garage is used for an owner’s closet and has no access by the tenants. Check out the VIRTUAL TOUR. Look in Associated docs for Aerial photos, As Built Survey, Rental Printouts, RPD, Rental Addendum etc. Known as Tenn-A Sea #1151 in the Southern Shores Rental program. This home did a whopping $50,140 last year in rentals even though the owner only allows rentals AFTER Memorial Day weekend and BEFORE Labor Day weekend and takes one week in July for themselves. So rentals would be much higher if opened to a full season. Short walk to the beach, you will love Tenn-A-Sea. Low maintenance vinyl siding. Caba lock installed, wireless internet, 3 gas fireplaces plus outside fireplace/firepit plus poolside gas grill and top floor deck gas grill. Elevator. Freshly painted. Water softener and continuous flow hot water. Central VAC, handmade concrete mantel. Solar outside landscape lighting and front stairway lighting. This home has everything you would want in your dream home and is so lovely you probably will never want to leave. Assessed for $956K. For $50 per year the Southern Shores Civic Association lets you take advantage of three Sound side Marinas with boat launch and picnic and crabbing areas, Private Sound Beach, thirty-four Private Ocean Beach accesses, parks, basketball and soccer fields. Join the SSCA tennis for a small additional fee.

Last Agent to Sell the Property

Michael Ross

Southern Shores Realty License #105889 Listed on: 05/31/2012

Last Buyer's Agent

Cory Taylor

Southern Shores Realty License #225898

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,020

Year Built

  • Built in 2004

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100 x 199 x 100 x 200
  • Lot includes common area
  • Level Lot
  • Property is zoned R1

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 4,670 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Garage Door Opener

Pool

  • Spa
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Legal Lot and Block #18-19 / 42

Community Details

Overview

  • Association fees include management
  • Built by Gary Aspin
  • So/Sh Amended Subdivision

Recreation

  • Boat Dock
  • Community Beach Access
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,020

Year Built

Built in 2004

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Go North on 12. Turn Left on PORPOISE. Turn Right on WAX MYRTLE. Home is on Left.
  • Extras: Ceiling Fan(s), Covered Decks, Elevator, Garage Door Opener, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck
  • Flood Zone: X
  • Subdivision Name: Southern Shores
  • Headline: OCEAN VIEWS IN LUXURY!
  • Heated Sq Ft: 4670
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Zoning: R1
  • Deed Book Pg Number: 0475
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Microwave, Refrigerator, Refrigerator w/Ice Maker, Wall Oven, Washer, Wine Cooler
  • Bedrooms: 7
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Gas Fireplace, Ensuite, Wet Bar
  • Partial Bathrooms: 1

Exterior Features

  • Homebuilder: Gary Aspin
  • Construction: Frame
  • Exterior: Vinyl
  • Pool: Yes
  • Pool Type: Outdoor
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 100
  • View: Ocean

Garage/Parking

  • Garage: 1 Car

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Management
  • Association Amenities: Boat Ramp, Ocean Access, Park, Sound Access
  • Association Fee: Yes
  • Estimated Annual Fee: 50

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Adj. To Common Area, Level
  • Lot Size: 100 x 199 x 100 x 200
  • Lot Number: Lot #18-19
  • Deed Book: 1594

Rental Info

  • Est Annual Rental Income: 50140
  • Estimated Rental Performance: 0.0669
  • Lease Terms: Weekly
  • Rental Co: Southern Shores Realty
  • Rental Cottage Name: TENN-A-SEA
  • Rental Cottage Number: 1151
  • Rental Phone Number: 252-261-2000
  • Rental Turnover Day: Sunday

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2012
  • Taxes: 4020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2012
Closed on
Sep 24, 2012
Sold by
Evans Michael M and Evans Debbie K
Bought by
Alicea Norbert and Alicea Mary Anne
Seller's Agent
Michael Ross
Southern Shores Realty
Buyer's Agent
Cory Taylor
Southern Shores Realty
List Price
$799,000
Sold Price
$749,000
Premium/Discount to List
-$50,000
-6.26%
Current Estimated Value
$1,802,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,053,816
Avg. Annual Appreciation
7.03%
Original Mortgage
$417,000
Outstanding Balance
$292,080
Interest Rate
3.68%
Mortgage Type
New Conventional
Estimated Equity
$1,510,736
Source: Public Records

Range of Values:

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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
Alicea Norbert $749,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alicea Norbert $417,000
Previous Owner Evans Bebbie K $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2012 09/28/12 Sold $749,000 -6.3% $160 / Sq Ft
07/23/2012 07/23/12 Pending -- -- --
05/31/2012 05/31/12 For Sale $799,000 -- $171 / 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 $6,995 $1,059,000 $142,600 $916,400
2023 $6,972 $1,095,656 $142,600 $953,056
2022 $6,972 $1,095,656 $142,600 $953,056
2021 $6,972 $1,095,656 $142,600 $953,056
2020 $6,533 $1,095,656 $142,600 $953,056
2019 $5,450 $758,600 $133,500 $625,100
2018 $5,472 $758,600 $133,500 $625,100
2017 $5,472 $758,600 $133,500 $625,100
2016 $5,134 $758,600 $133,500 $625,100
2014 $5,134 $758,600 $133,500 $625,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 75087

Outer Banks Association of REALTORS®

APN: 021997000