NOT LISTED FOR SALE

2 Mullet Cir Southern Shores, NC 27949

Estimated Value: $1,801,000 - $2,665,000

5 Beds
7 Baths
3,061 Sq Ft
$694/Sq Ft Est. Value

Last Sold May 02, 2016

Last sale price $1,275,000 $417 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $12,482/month

15 Days on Market

Highlights

  • Beach Front
  • Community Beach Access
  • Boat Dock
  • Kitty Hawk Elementary School Rated 9+
  • Ocean View
  • In Ground Pool

About This Home

As of May 2016

Over $133,000 in rental income for the last 3 years makes this property one of the best buys on the beach! Consistent rents over last 10 years. Built in 2004 by the current owners and carefully maintained by them and Twiddy Owner Services, this is a solid house with a large following of visitors. The comments show how much visitors have enjoyed this beautiful home with its dazzling ocean views and its quick, private cross over to the beach from the yard. OCEAN VIEWS - Look out any window and you will see the ocean! This house is elevated with low buildings on either side. No giant beach cottages to block your view or tamper with your privacy. The setback requirements for this house were grandfathered when it was built, allowing for these BRILLIANT OCEAN VIEWS. LIVING SPACE - The Kitchen, Great Room, Dining Room and Breakfast Room offer plenty of comfortable space for all the guests. Enough counter space to accommodate a large group in a kitchen with new appliances and a breakfast bar for that quick meal. The Great Room also offers a gas burning fireplace set in a corner so you can enjoy the fire while enjoying the ocean view. This room has a real Outer Banks beach feel of warmth and comfort. TWO MASTER SUITES open to the decks on both levels and have amazing ocean views. Actually, there are unobstructed views from every window that faces east, north or south. Now that is unique! A ROOM FOR EVERYONE- from Master Suites to Twins, Kings and Bunks! 5 bedrooms, 5 full baths and 2 partial baths offer the luxury of comfort to all the guests. NOW FOR UPDATES: Kitchen counters were upgraded to granite in 2015. Brand new Refrigerator and Range in April 2015. New Dishwasher AND New Roof in 2013. New Hot Tub and Pool Pump in 2013. One NEW Heat Pump in 2013. Septic is custom Peat System designed especially for property by the water. By law this system is inspected twice a year so you are assured it is in good running order. There are two 80 Gallon hot water heaters. GARAGE! Large one car garage keeps your vehicle out of the ocean air or safely stows your boat, canoe, kayak or whatever. Other storage plus a locked owner’s closet. GROUND FLOOR - Game room with pool table, bar area, TV and lounging furniture just waiting for the fun to begin. OUTSIDE - The Large In-ground pool has a lovely tiled border and nice decking with a grassy border. The Hot Tub is on the covered patio near the pool. For everyone’s comfort and convenience one will find more than the usual “outdoor shower” waiting for the beach goers to wash their sandy feet; there is also a Dressing Room and a Partial Bath located just outside the fenced pool area. How cool is that?! Here you will also find the BBQ grill, and more storage. Come tour Sea Horsin’ Around and see for yourself. Whether you are looking for an excellent investment or a family vacation home, this is a must see!

Last Agent to Sell the Property

Morgan Mason

EXP Realty, LLC - Coastal License #240210 Listed on: 03/14/2016

EXP Realty, LLC - Coastal

Last Buyer's Agent

L. Megan Gregory

OBX Life, LLC License #241061

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,449

Year Built

  • Built in 2004

Lot Details

  • 9,000 Sq Ft Lot
  • Beach Front
  • 78 Feet of Waterfront
  • Property fronts a private road
  • Cul-De-Sac
  • Landscaped
  • Level Lot

Home Design

  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 3,061 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Built-In Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

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

Pool

  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank
  • Septic System

Listing and Financial Details

  • Legal Lot and Block 16 / 27

Community Details

Overview

  • So/Sh Amended Subdivision

Recreation

  • Boat Dock
  • Community Beach Access
  • Community Playground
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,449

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Directions: from 158, Rt 12 North, bare right at flashing lights, Mullet Circle is small lane on right just north of Dolphin Ln. (It is also 184 Ocean Blvd)
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Garage Door Opener, Hot Tub, Landscaped, Outside Shower, Smoke Detector(s), Sun Deck
  • Flood Zone: VE
  • Subdivision Name: SO/SH AMENDED PLAT B SEC 3
  • Heated Sq Ft: 3061
  • L V T Date: 03/14/2016
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Section: 3
  • Waterfront Location: Oceanfront
  • Zoning: residentia
  • Deed Book Pg Number: 0467
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Countertop Range, Dishwasher, Dryer, Ice Machine, Microwave, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 5
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Walk in Closet
  • Optional Rooms: Foyer, Game Room
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean
  • Water Frontage: 78

Garage/Parking

  • Garage: 1 Car, Attached
  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Heat Pump, Zoned
  • Septic Fee: 790
  • Sewer/Septic System: Non Conventional Septic, Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Amenities: Boat Ramp, Boat Dock, Ocean Access, Park, Playground, Sound Access
  • Home Owner Dwelling Insurance: 7138

Lot Info

  • Estimated Lot Sq Ft: 9000
  • Lot Description: Beach Frontage, Cul-de-sac, Level
  • Lot Faces: E
  • Lot Number: Lot 16
  • Deed Book: 1479

Rental Info

  • Est Annual Rental Income: 134700
  • Estimated Rental Performance: 0.1056
  • Flood Expenses: 1099
  • Maintenance Expenses: 1133
  • Other Expenses: 271
  • Other Expenses2: 4131
  • Other Expenses3: 75
  • Poolspa Expense: 3475
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Sea Horsing Around
  • Rental Cottage Number: A135
  • Rental Phone Number: 252-457-1169
  • Rental Turnover Day: Sunday
  • Total Expenses: 24758
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1176
  • Annual Electric: 4089
  • Annual Telephone Expense: 360
  • Annual Water Expense: 1021

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2015
  • Taxes: 5449

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2017
Sold by
Wheatley Michael E and Wheatley Barbara A
Bought by
His And Hers Investments Llc
Current Estimated Value
$2,111,827

Purchase Details

Listed on
Mar 14, 2016
Closed on
Apr 26, 2016
Sold by
Minor George R and Minor Kathy P
Bought by
Wheatley Michael E and Wheatley Barbara A
Seller's Agent
Morgan Mason
EXP Realty, LLC - Coastal
Buyer's Agent
L. Megan Gregory
OBX Life, LLC
List Price
$1,389,900
Sold Price
$1,275,000
Premium/Discount to List
-$114,900
-8.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.66%
Original Mortgage
$1,020,000
Interest Rate
3.71%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
His And Hers Investments Llc -- None Available
Wheatley Michael E $1,275,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open His & Hers Investments Llc $950,000
Previous Owner Wheatley Michael E $1,020,000
Previous Owner Minor Kathy P $986,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2016 05/02/16 Sold $1,275,000 -8.3% $417 / Sq Ft
03/29/2016 03/29/16 Pending -- -- --
03/14/2016 03/14/16 For Sale $1,389,900 -- $454 / 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 $11,044 $1,468,000 $747,600 $720,400
2023 $5,879 $1,496,816 $747,600 $749,216
2022 $11,044 $1,496,816 $747,600 $749,216
2021 $11,044 $1,496,816 $747,600 $749,216
2020 $8,926 $1,496,816 $747,600 $749,216
2019 $6,063 $858,700 $457,800 $400,900
2018 $6,063 $858,700 $457,800 $400,900
2017 $5,881 $833,600 $457,800 $375,800
2016 $5,449 $820,200 $457,800 $362,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 91545

Outer Banks Association of REALTORS®

APN: 021902000