NOT LISTED FOR SALE

Estimated Value: $423,000 - $579,000

4 Beds
2 Baths
2,224 Sq Ft
$235/Sq Ft Est. Value

Last Sold August 28, 2015

Last sale price $198,502 $89 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $2,954/month

187 Days on Market

Highlights

  • Second Refrigerator
  • Fenced Yard
  • Walk-In Closet
  • Beach Box Architecture
  • In-Law or Guest Suite
  • Patio

About This Home

As of August 2015

24 HOUR NOTICE REQUIRED-THIS IS A SHORT SALE- SHORT SALES TAKE ANYWHERE FROM 5-10 MONTHS TO CLOSE. THE LENDER 99.9% OF THE TIME WILL HAVE THE PROPERTY APPRAISED BY "THEIR" APPRAISER AND WILL COME BACK WITH A HIGHER ASKING PRICE. IF THE BUYER IS NOT PREPARED TO HANG IN THERE FOR 5-10 MONTHS AND THEN TO GO UP IN PRICE FROM YOUR ORIGINAL OFFER THAN THIS PROPERTY IS NOT FOR YOU. SHORT SALE'S ARE VERY GOOD BUYS BUT YOU HAVE TO PLAY THE WAITING GAME AND THEN BE PREPARED TO PAY A LITTLE HIGHER PRICE. THIS WOULD BE A GREAT BUY FOR A PERSON WITH PATIENCE AND FORESIGHT. BUSINESS OWNERS - BUY THIS HOUSE - VERY GOOD HOUSING FOR EMPLOYEES- HOME IN VERY GOOD CONDITION. WHAT A FANTASTIC PRICE FOR A HOME WITH A MOTHER IN LAW SUITE. TOTALLY remodeled upstairs. This home has an upstairs and downstairs with a door that can be removed at the bottom of the stairs to make it back into a mother in law suite. Upstairs has 2 bedrooms, 2 baths and a den. Downstairs has 2 bedrooms, 1 baths and a den. Home is in very good shape. This house is centrally located and within walking distance to everything. Fenced back yard, landscaped front, conveniently located to everything. GREAT FOR LARGE FAMILY, YEAR ROUND RENTAL INVESTMENT OR EMPLOYEE HOUSING. ALL APPLIANCES CONVEY EXCEPT FOR THE DOWNSTAIRS WASHER AND DRYER, UPSTAIRS STAYS. 24 hours is required, can be shown any time.****TO SHOW CALL SUN REALTY AND WE WILL SET UP THE APPOINTMENT EACH FLOOR IS RENTED - VERY GOOD RENTERS. SEE ASSOCIATION DOCS FOR IMPROVEMENTS AND EXPENSES

Last Agent to Sell the Property

Madonna VanCuren

Coldwell Banker Seaside Realty - KDH License #136061 Listed on: 09/27/2014

Coldwell Banker Seaside Realty - KDH

Co-Listed By

Madonna Vancuren

Coldwell Banker Seaside Realty - KDH License #188819

Last Buyer's Agent

Thomas Harper

Keller Williams - Outer Banks License #54815

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,420

Year Built

  • Built in 1978

Lot Details

  • 5,800 Sq Ft Lot
  • Lot Dimensions are 50 x 116
  • Fenced Yard
  • Level Lot

Home Design

  • Beach Box Architecture
  • Entry on the 1st floor
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 2,224 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Utility Room
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Patio
  • Exterior Lighting
  • Storage Shed

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District for Water and Sewer

Community Details

  • Ocean Acres Tract 3 Subdivision

Listing and Financial Details

  • Legal Lot and Block 8 / A

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,420

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Beach Box
  • Directions: TURN BY PIGMANS BARBEQUE AND TURN RIGHT ON BURNS GO TO 214
  • Extras: Ceiling Fan(s), Fenced Yard, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Storage Shed
  • Subdivision Name: OCEAN ACRES TRACT 3 SECT 1
  • Headline: MOTHER IN LAW SUITE
  • Heated Sq Ft: 2224
  • Potential Short Sale: Yes
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 1
  • Unit Level Number: 1
  • Zoning: RES
  • Deed Book Pg Number: 0023
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 4
  • Bedroom 1: MASTER, On Level: 2
  • Bedroom 2: GUEST, On Level: 2
  • Bedroom 3: GUEST, On Level: 1
  • Bedroom 4: GUEST, On Level: 1
  • Kitchen: OPEN, On Level: 2
  • Floor Coverings: Carpet, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 2
  • Interior Amenities: All Window Treatments, Dryer Connection, Ice Maker Connection, Ensuite, Pantry, Walk in Closet, Washer Connection
  • Dining Room: COMBO, On Level: 2
  • Living Room: OPEN, On Level: 2
  • Optional Rooms: In-Law Apartment, Utility Room

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 50
  • Sun Deck Size: YES

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Oilgas Severed Pre Owner: No Representation
  • Sewer/Septic System: Municipal Sewer
  • Water: Municipal

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 3879

Lot Info

  • Estimated Lot Sq Ft: 5800
  • Lot Description: Level
  • Lot Size: 50 X 116
  • Lot Number: Lot 8
  • Deed Book: 1734

Rental Info

  • Est Annual Rental Income: 25800
  • Estimated Rental Performance: 0.13
  • Flood Expenses: 460
  • Lease Terms: 1 Year
  • Rental Co: Beach Realty & Construction
  • Rental Cottage Name: NICHOLSON
  • Rental Phone Number: 441-7166
  • Rental Turnover Day: YEAR ROUND
  • Yearly Expense Actual Estimate: Actual
  • Annual Electric: 2616
  • Annual Water Expense: 1356

Building Info

  • Year Built: 1978

Tax Info

  • Year: 2013
  • Taxes: 1420

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2014
Closed on
Aug 31, 2015
Sold by
Nicholson Timothy L and Nicholson Michelle R
Bought by
Bebout Terressa S
Seller's Agent
Madonna VanCuren
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Thomas Harper
Keller Williams - Outer Banks
List Price
$269,000
Sold Price
$198,502
Premium/Discount to List
-$70,498
-26.21%
Current Estimated Value
$521,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$323,488
Avg. Annual Appreciation
10.05%

Purchase Details

Closed on
Jun 11, 2007
Sold by
Hydock Lawrence M and Hydock Dawn E
Bought by
Nicholson Timothy L and Nicholson Michelle R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,500
Interest Rate
6.35%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Bebout Terressa S $199,000 Attorney
Nicholson Timothy L $255,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nicholson Timothy L $229,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2015 08/28/15 Sold $198,502 -26.2% $89 / Sq Ft
04/02/2015 04/02/15 Pending -- -- --
09/27/2014 09/27/14 For Sale $269,000 -- $121 / 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 $2,233 $295,600 $87,500 $208,100
2023 $2,233 $295,600 $87,500 $208,100
2022 $2,130 $295,600 $87,500 $208,100
2021 $2,130 $295,600 $87,500 $208,100
2020 $2,130 $295,600 $87,500 $208,100
2019 $1,582 $181,800 $60,600 $121,200
2018 $1,547 $181,800 $60,600 $121,200
2017 $1,547 $181,800 $60,600 $121,200
2016 $1,474 $181,800 $60,600 $121,200
2014 $1,420 $181,800 $60,600 $121,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 85368

Outer Banks Association of REALTORS®

APN: 008375000