NOT LISTED FOR SALE

2040 Martins Point Rd Kitty Hawk, NC 27949

Estimated Value: $490,045

0.94 Acre
$521,324 Price per Acre
40,946 Sq Ft Lot

Last Sold November 17, 2020

Last sale price $300,000

Est. 63% increase in value since last sale

Current estimated payment $2,903/month

477 Days on Market

Highlights

  • Views of a Sound
  • Boat Dock
  • Gated Community
  • Kitty Hawk Elementary School Rated 9+
  • Home fronts a sound
  • Wooded Lot

About This Lot

As of November 2020

Beautiful soundfront lot with in the gated community of Martin's Point. Build your OBX dream home that offers close proximity to the beach, a marina with covered pavilion, boat slips, a boat ramp and pier, stocked ponds and miles of private roads for enjoying the outdoors. This lot offers location value and incredible sunset views.

Last Agent to Sell the Property

Elizabeth Cloninger

Pirates Cove Realty License #270965 Listed on: 05/30/2019

Pirates Cove Realty

Last Buyer's Agent

Randy Jones

EXP Realty, LLC - Coastal License #187811

EXP Realty, LLC - Coastal

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,137

Lot Details

  • 0.94 Acre Lot
  • Home fronts a sound
  • Property fronts a private road
  • Wooded Lot

HOA Fees

  • $81 Monthly HOA Fees

Utilities

  • Private Water Source
  • Private or Community Septic Tank

Additional Features

  • Views of a Sound
  • Timber

Listing and Financial Details

  • Tax Block 1

Community Details

Overview

  • Association fees include common insurance, grounds maintenance, road maintenance, security
  • Martin's Point Subdivision

Recreation

  • Boat Dock
  • Community Playground
  • Park

Additional Features

  • Common Area
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$2,137

Lot Details

0

HOA Fees

$81 per month

Listing Details

  • Class: LOTS/LAND
  • Directions: Enter Martin's Point subdivision, left onto Martin's Point Road. Lot located on the soundside of community.
  • Flood Zone: AE
  • Subdivision Name: MARTIN'S POINT SECTION 1
  • Headline: Soundfront Lot!
  • L V T Date: 05/30/2019
  • Roads: Private, Paved
  • Sale/Rent: For Sale
  • Section: 1
  • Waterfront Location: Soundfront
  • Zoning: res
  • Timber: Timbered
  • Deed Book Pg Number: 863
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C20146
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Sound

Utilities

  • Sewer/Septic System: Private Septic
  • Water: Private
  • Electric: Available

Condo/Co-op/Association

  • Association Amenities: Boat Ramp, Boat Dock, Gated Community, Park, Playground, Sound Access, Common Area
  • Estimated Annual Fee: 975
  • Fee Includes: Common Insurance, Grounds Maintenance, Road Maintenance, Security

Lot Info

  • Estimated Lot Sq Ft: 41000
  • Lot Description: Water Frontage, Wooded
  • Estimated Lot Size: 0.94
  • Deed Book: 1219
  • Unit/Lot Number: Lot 26

Tax Info

  • Year: 2018
  • Taxes: 2137.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2019
Closed on
Nov 11, 2020
Sold by
Aldridge Jeffrey A and Aldridge Sharon
Bought by
Stubbs Brian W and Brian W Stubbs Trust
Seller's Agent
Elizabeth Cloninger
Pirates Cove Realty
Buyer's Agent
Randy Jones
EXP Realty, LLC - Coastal
List Price
$310,000
Sold Price
$300,000
Premium/Discount to List
-$10,000
-3.23%
Current Estimated Value
$490,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,045
Avg. Annual Appreciation
11.11%
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
Stubbs Brian W $300,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2020 11/17/20 Sold $300,000 -3.2% --
09/18/2020 09/18/20 Pending -- -- --
07/05/2020 07/05/20 For Sale $310,000 +3.3% --
07/05/2020 07/05/20 Off Market $300,000 -- --
05/30/2019 05/30/19 For Sale $310,000 -- --
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 $1,655 $294,100 $294,100 $0
2023 $1,644 $294,100 $294,100 $0
2022 $1,614 $294,100 $294,100 $0
2021 $1,585 $294,100 $294,100 $0
2020 $1,581 $294,100 $294,100 $0
2019 $2,137 $342,000 $342,000 $0
2018 $2,137 $342,000 $342,000 $0
2017 $2,117 $342,000 $342,000 $0
2016 $1,980 $342,000 $342,000 $0
2014 $1,980 $342,000 $342,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 105337

Outer Banks Association of REALTORS®

APN: 028571026