NOT LISTED FOR SALE

174 Ocean Way Kitty Hawk, NC 27949

Estimated Value: $1,894,000 - $2,540,000

0.29 Acre
$7,246,424 Price per Acre
12,632 Sq Ft Lot

Last Sold June 23, 2022

Last sale price $1,600,000 $1,023 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $12,304/month

4 Days on Market

Highlights

  • Beach Front
  • Kitty Hawk Elementary School Rated 9+
  • Ocean View

About This Lot

As of June 2022

Rare oceanfront lot in the heart of Duck. Short walk to restaurants and shops. According to Duck code, maximum occupancy of a lot less than 15,000 is 12 and house size is 4000 square foot.

Last Agent to Sell the Property

Daphne Degabrielle

Outer Banks Realty Group License #136949 Listed on: 05/02/2022

Last Buyer's Agent

Four Seasons Realty

Four Seasons Realty License #177785

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,245

Lot Details

  • 0.29 Acre Lot
  • Beach Front
  • Cleared Lot

Additional Features

  • Ocean Views
  • Municipal Utilities District Water

Community Details

  • Ocean Dunes Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$5,245

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Directions: Turn East on Scarborough Ln. Go to end of road turn left. Vacant lot with fence on right.
  • Headline: Oceanfront lot in Duck
  • L V T Date: 05/04/2022
  • Roads: Public, Paved
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: Oceanfront
  • Zoning: Residentia
  • Deed Book Pg Number: 0098
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C25379
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Ocean

Utilities

  • Water: Municipal
  • Electric: Available

Lot Info

  • Estimated Lot Sq Ft: 12500
  • Lot Description: Beach Frontage, Cleared
  • Lot Faces: E
  • Estimated Lot Size: 0.29
  • Deed Book: 1834
  • Unit/Lot Number: Lot 8

Tax Info

  • Year: 2021
  • Taxes: 5245

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2022
Sold by
Gurzo Paul M and Gurzo Jessica M
Bought by
174 Ocean Way Llc
Current Estimated Value
$2,101,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,240,000
Outstanding Balance
$2,147,794
Interest Rate
5.54%
Mortgage Type
Construction
Estimated Equity
-$46,331

Purchase Details

Listed on
May 2, 2022
Closed on
Jun 20, 2022
Sold by
Duck Beach Box Llc
Bought by
Gurzo Paul M and Gurzo Jessica M
Seller's Agent
Daphne Degabrielle
Outer Banks Realty Group
Buyer's Agent
Four Seasons Realty
Four Seasons Realty
List Price
$1,500,000
Sold Price
$1,600,000
Premium/Discount to List
$100,000
6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.89%
Original Mortgage
$1,200,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2010
Sold by
Jerkit Llc
Bought by
Duck Beach Box Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
5.02%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 15, 2005
Sold by
Thoma Catherine
Bought by
Jerkiy Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
174 Ocean Way Llc -- Sharp Starkey
Gurzo Paul M $1,600,000 Sharp Graham Baker & Varnell L
Duck Beach Box Llc $825,000 None Available
Jerkiy Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 174 Ocean Way Llc $2,240,000
Previous Owner Gurzo Paul M $1,200,000
Previous Owner Duck Beach Box Llc $575,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2022 06/23/22 Sold $1,600,000 +6.7% $1,023 / Sq Ft
05/06/2022 05/06/22 Pending -- -- --
05/02/2022 05/02/22 For Sale $1,500,000 -- $959 / 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 $10,500 $1,581,700 $845,300 $736,400
2023 $6,700 $1,079,700 $845,300 $234,400
2022 $5,245 $845,300 $845,300 $0
2021 $5,245 $845,300 $845,300 $0
2020 $5,046 $845,300 $845,300 $0
2019 $4,132 $594,600 $594,600 $0
2018 $0 $594,600 $594,600 $0
2017 $4,043 $594,600 $594,600 $0
2016 $4,617 $715,400 $594,600 $120,800
2014 $4,621 $715,400 $594,600 $120,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 118726

Outer Banks Association of REALTORS®

APN: 010130000