Seller's Agent in 2023
William Adams
The Rich Company of Ocracoke/OBX
(252) 220-4886
41 in this area
44 Total Sales
196 Lighthouse Rd Ocracoke, NC 27960
Estimated Value: $447,000 - $592,000
3
Beds
2
Baths
1,343
Sq Ft
$374/Sq Ft
Est. Value
Highlights
- Furnished
- In-Law or Guest Suite
- Luxury Vinyl Plank Tile Flooring
- Ocracoke School Rated 9+
About This Home
As of November 2023Calling all investors! Historic Ocracoke Cottage with huge upside. Cottage is on an oversized lot - Ocracoke minimum lot size is 5,000 sq ft. The cottage was originally built by Isaac O'Neal and was moved in 1930 from the North Pond area to its current location. Property backs up to the Castle Condos which is notoriously island high ground. Property features a historic island cottage with an attached apartment with private entrance. New owner could rent one space while living in the other or have two rental units. There is also an unattached 1 gar garage of 384 sq ft with a concrete floor and fiber cement siding. House and apartment currently have month to month tenants that provides reliable monthly income. Listing agent must accompany showing. Home has 3 bedrooms and a bonus room office.
Last Agent to Sell the Property
The Rich Company of Ocracoke/OBX License #336776 Listed on: 08/07/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,815
Year Built
- Built in 1910
Lot Details
- 0.33 Acre Lot
Interior Spaces
- 1,343 Sq Ft Home
- Furnished
- Luxury Vinyl Plank Tile Flooring
Bedrooms and Bathrooms
- 3 Bedrooms
- In-Law or Guest Suite
- 2 Full Bathrooms
Utilities
- Heating System Uses Propane
- Municipal Utilities District Water
- Fuel Tank
- Private or Community Septic Tank
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 7, 2023
Closed on
Nov 1, 2023
Sold by
Wells Jason Lennis
Bought by
Linda Louise Ihle Living Trust and Ihle
Seller's Agent
William Adams
The Rich Company of Ocracoke/OBX
Buyer's Agent
BJ Oelschlegel
Ocracoke's Lightship Realty
List Price
$595,000
Sold Price
$464,750
Premium/Discount to List
-$130,250
-21.89%
Views
125
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,917
Avg. Annual Appreciation
3.60%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Linda Louise Ihle Living Trust | $465,000 | None Listed On Document |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/06/2023 11/06/23 | Sold | $464,750 | -21.9% | $346 / Sq Ft |
| 08/30/2023 08/30/23 | Pending | -- | -- | -- |
| 08/07/2023 08/07/23 | For Sale | $595,000 | -- | $443 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
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 | $4,136 | $439,955 | $240,000 | $199,955 |
| 2023 | $2,072 | $198,359 | $170,000 | $28,359 |
| 2022 | $1,815 | $198,318 | $170,000 | $28,318 |
| 2021 | $1,616 | $198,318 | $170,000 | $28,318 |
| 2020 | $1,567 | $198,318 | $170,000 | $28,318 |
| 2019 | $1,567 | $198,318 | $170,000 | $28,318 |
| 2018 | $1,547 | $198,318 | $170,000 | $28,318 |
| 2017 | $2,124 | $326,787 | $297,500 | $29,287 |
| 2016 | $2,124 | $326,787 | $297,500 | $29,287 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2012 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
William Adams
-
William Rich
W
Seller Co-Listing Agent in 2023
William Rich
The Rich Company of Ocracoke/OBX
30 in this area
33 Total Sales
-
BJ Oelschlegel
B
Buyer's Agent in 2023
BJ Oelschlegel
Ocracoke's Lightship Realty
(252) 996-0573
29 in this area
32 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 123058
APN: 9500280427
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