$59,000
SOLD JUN 19, 2014
0.16 Acre
-- Price per Acre
6,962 Sq Ft Lot

Recently Sold

18% Below List Price

105 Days on Market

About This Lot

As of May 2020

Great affordable vacant lot located in a nice section of Ocean Acres with well-kept, newer homes on either side. County mapping shows lot as 100% X Zone, which means finished living space can be built on the ground level! Ocean Acres is on centralized waste water treatment system, so no private septic system needed in the yard. (A neighboring 4-bedroom home pays quarterly water/septic bills of approx $300). Very central KDH location but not too close to the Bypass or commercial development. Many new houses are being built now in this neighborhood! Level-looking lot with medium amount of vegetation. Within a short distance to the majestic Nags Head Woods/Nature Conservancy hiking trails. Subdivision has a walking path at the oceanfront across the Beach Rd. from Carolyn Dr. for beach access!

Last Agent to Sell the Property

Terry Cremia

Shore Realty License #204156 Listed on: 02/11/2014

Co-Listed By

Greg Cremia

Shore Realty License #127284

Last Buyer's Agent

Michael Davenport

Sun Realty - KDH License #82882

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $455

Lot Details

  • 6,962 Sq Ft Lot
  • Lot Dimensions are 59x118

Utilities

  • Municipal Utilities District for Water and Sewer

Listing and Financial Details

  • Tax Block B

Community Details

Overview

  • Ocean Acres Tract 3 Subdivision

Recreation

  • Community Beach Access

Property Details

Property Type

Land

Est. Annual Taxes

$455

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Directions: From 158/Bypass--West on Ocean Acres Dr; Right onto Burns Dr; Lot on Left.
  • Flood Zone: X
  • Headline: NICE X-ZONE LOT!
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: 1
  • Tract: 3
  • Zoning: Res
  • Deed Book Pg Number: 0720
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Street Frontage: 59

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access

Lot Info

  • Estimated Lot Sq Ft: 6962
  • Lot Size: 59x118
  • Deed Book: 0605
  • Unit/Lot Number: Lot 9

Tax Info

  • Year: 2013
  • Taxes: 455

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2020
Closed on
May 4, 2020
Sold by
Peer Mark R and Peer Malia L
Bought by
Newberg Nathan E and Newberg Marjorie E
Seller's Agent
Shane Collins
SERHANT North Carolina LLC
Buyer's Agent
BethAnn Light
Keller Williams - Outer Banks
List Price
$357,000
Sold Price
$357,000
Current Estimated Value
$632,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,640
Avg. Annual Appreciation
11.51%
Original Mortgage
$309,000
Outstanding Balance
$276,492
Interest Rate
3.6%
Mortgage Type
VA
Estimated Equity
$355,256

Purchase Details

Listed on
Oct 13, 2014
Closed on
Jun 22, 2015
Sold by
Jones William S
Bought by
Peer Mark R and Peer Malia L
Seller's Agent
Michael Davenport
Sun Realty - KDH
Buyer's Agent
Hugh Willey
Sun Realty - KDH
List Price
$296,000
Sold Price
$286,000
Premium/Discount to List
-$10,000
-3.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.65%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $357,000 None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $309,000 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2020 05/05/20 Sold $357,000 0.0% $203 / Sq Ft
03/10/2020 03/10/20 Pending -- -- --
03/07/2020 03/07/20 For Sale $357,000 +24.8% $203 / Sq Ft
06/19/2015 06/19/15 Sold $286,000 -3.4% $165 / Sq Ft
05/20/2015 05/20/15 Pending -- -- --
10/13/2014 10/13/14 For Sale $296,000 +401.7% $171 / Sq Ft
06/19/2014 06/19/14 Sold $59,000 -18.1% --
05/27/2014 05/27/14 Pending -- -- --
02/11/2014 02/11/14 For Sale $72,000 -- --
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 $2,786 $360,600 $87,500 $273,100
2023 $2,786 $368,793 $87,500 $281,293
2022 $2,657 $368,793 $87,500 $281,293
2021 $2,598 $360,600 $87,500 $273,100
2020 $2,598 $360,600 $87,500 $273,100
2019 $2,138 $245,800 $60,600 $185,200
2018 $2,092 $245,800 $60,600 $185,200
2017 $2,092 $245,800 $60,600 $185,200
2016 $1,993 $245,800 $60,600 $185,200
2014 $473 $60,600 $60,600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 82267

Outer Banks Association of REALTORS®

APN: 008392000