NOT LISTED FOR SALE

2038 Norfolk St Kill Devil Hills, NC 27948

Estimated Value: $346,000 - $361,000

2 Beds
1 Bath
672 Sq Ft
$528/Sq Ft Est. Value

Last Sold January 28, 2020

Last sale price $202,000 $301 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $2,009/month

21 Days on Market

Highlights

  • Community Beach Access
  • Wood Flooring
  • Forced Air Heating System
  • First Flight Middle School Rated A-
  • Furnished
  • Level Lot

About This Home

As of January 2020

An Outer Banks original, this sunny little beach cottage was first built in 1968 and renovated in 2015, maintaining its classic beach home charm. This home is perfect as an easy to maintain primary home with minimal stairs or a proven revenue generating Airbnb rental (2019 Gross Rental Income $21,301 during period of 4 months, with 8 months blocked by owner). The home was freshly renovated in 2015, with reconditioned original wood flooring, brand new appliances, kitchen, updated bath, and new HVAC. The home has since been very well maintained, with a fenced in backyard including brand new outdoor shower and generously sized storage shed. A small wrap around covered deck leading to the back yard provides a great outdoor space for kids and dogs! This central low traffic location offers voluntary homeowners association, including deeded beach and sound access. Located on a side street in the Avalon neighborhood, close to Kill Devil Hills boat ramp and Bay Drive bike path. Seller is Licensed NC Real Estate Agent

Last Agent to Sell the Property

Chris Keyser

Keller Williams - Outer Banks License #295416 Listed on: 12/21/2019

Keller Williams - Outer Banks

Co-Listed By

Katie Kennis

Coldwell Banker Seaside Realty KH License #310034

Last Buyer's Agent

James Douglas

Four Seasons Realty License #273011

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $931

Year Built

  • Built in 1968

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Level Lot

HOA Fees

  • $3 Monthly HOA Fees

Home Design

  • Asphalt Shingled Roof
  • Piling Construction

Interior Spaces

  • 672 Sq Ft Home
  • Furnished
  • Wood Flooring
  • Stacked Washer and Dryer

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Storage Shed

Utilities

  • Forced Air Heating System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot 738

Community Details

Overview

  • Avalon Beach Subdivision

Amenities

  • Common Area

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$931

Year Built

Built in 1968

Lot Details

0

HOA Fees

$3 per month

Listing Details

  • Class: RESIDENTIAL
  • Extras: Storage Shed
  • Flood Zone: AE
  • Headline: Renovated Beach Bungalow
  • Heated Sq Ft: 672
  • L V T Date: 12/21/2019
  • Roads: Public
  • Sale/Rent: For Sale
  • Zoning: Res
  • Deed Book Pg Number: 0292
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C30917
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator w/Ice Maker, Stackable Washer/Dryer
  • Bedrooms: 2
  • Floor Coverings: Hardwood, Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 1
  • Furnishings Available: Yes

Exterior Features

  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Heating: Central, Electric, Forced Air
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Amenities: Ocean Access, Sound Access, Common Area
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 35
  • Home Owner Dwelling Insurance: 480

Lot Info

  • Estimated Lot Sq Ft: 5000
  • Lot Description: Level
  • Lot Faces: east
  • Lot Size: 50 x 100
  • Lot Number: Lot 738
  • Estimated Lot Size: 0.11
  • Deed Book: 2190

Rental Info

  • Flood Expenses: 256
  • Rental Co: Managed by Homeowner
  • Annual Cable TV Expense: 851
  • Annual Electric: 960

Building Info

  • Year Built: 1968

Tax Info

  • Year: 2019
  • Taxes: 930.9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2019
Closed on
Jan 22, 2020
Sold by
Kennis Kathryn M
Bought by
Wdt Properties Llc
Seller's Agent
Chris Keyser
Keller Williams - Outer Banks
Buyer's Agent
James Douglas
Four Seasons Realty
List Price
$225,000
Sold Price
$202,000
Premium/Discount to List
-$23,000
-10.22%
Current Estimated Value
$354,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,931
Avg. Annual Appreciation
9.95%

Purchase Details

Closed on
Aug 22, 2017
Sold by
Fowler Travis J and Fowler Thomas J
Bought by
Kennis Kathryn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,400
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 25, 2015
Closed on
Feb 25, 2015
Sold by
Harbinger Land And Timber Llc
Bought by
Kennis Kathryn M and Fowler Travis J
Seller's Agent
Gary Dunstan
Sea Haven Realty
Buyer's Agent
Heather VanderMyde
Coldwell Banker Seaside Realty - KDH
List Price
$149,950
Sold Price
$150,000
Premium/Discount to List
$50
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.29%
Original Mortgage
$144,993
Interest Rate
3.75%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wdt Properties Llc $202,000 None Available
Kennis Kathryn M $108,500 None Available
Kennis Kathryn M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kennis Kathryn M $150,400
Previous Owner Kennis Kathryn M $144,993
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/28/2020 01/28/20 Sold $202,000 -10.2% $301 / Sq Ft
01/11/2020 01/11/20 Pending -- -- --
12/21/2019 12/21/19 For Sale $225,000 +50.0% $335 / Sq Ft
03/13/2015 03/13/15 Sold $150,000 0.0% $217 / Sq Ft View Prior Sale
01/27/2015 01/27/15 Pending -- -- --
01/25/2015 01/25/15 For Sale $149,950 -- $217 / 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
2025 $1,825 $330,800 $206,300 $124,500
2024 $1,507 $194,900 $90,000 $104,900
2023 $1,504 $199,096 $90,000 $109,096
2022 $1,434 $199,096 $90,000 $109,096
2021 $1,434 $199,096 $90,000 $109,096
2020 $1,404 $194,900 $90,000 $104,900
2019 $931 $107,000 $61,300 $45,700
2018 $910 $107,000 $61,300 $45,700
2014 $773 $99,000 $61,300 $37,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 107656

Outer Banks Association of REALTORS®

APN: 001237000