NOT LISTED FOR SALE

Estimated Value: $841,000 - $1,106,000

8 Beds
7.5 Baths
3,445 Sq Ft
$281/Sq Ft Est. Value

Sale Details

Date Sold: April 24, 2015

Last sale price $520,000 $151 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $5,556 / mo

20 Days on Market

Highlights

  • 120 Feet of Waterfront
  • Ocean View
  • Heated In Ground Pool
  • Knotts Island Elementary School Rated 9+
  • Private Dock
  • Second Refrigerator

About This Home

As of April 2015

What a property! This is a must see Carova Beach canalfront home with 8 bedrooms, 7.5 baths for the whole family to enjoy. With 120 feet of bulkhead on the canal and 3 floors of living space, this renovated home has all the amenities for a perfect beach vacation. Inside you will find en suite bedrooms, hardwood floors, tile, a gourmet chef's kitchen with granite counter tops, stainless steel appliances, 2 dishwashers, 2 ice makers, 3 refrigerators, a spacious great room for the whole family with water views and ample dining. When not enjoying ocean and canal views from the top floor sun deck, venture down to the bottom level with additional bedrooms, a full service kitchenette and gameroom before stepping out to a large screened-in porch just steps away from the private heated pool and hot tub. You can fish off of the dock and clean your catch right at the fish cleaning station or throw out some crab pots for a seafood dinner. The property has a water entry ramp to launch a kayak or paddleboard to go out exploring. So much fun to be had on this dead end road and only a short walk or drive to one of the widest beaches on the Outer Banks. This home, located in the X FLOOD ZONE, is an incredible rental income producer with nearly 80K per year in gross rent! This is a turn key, fully furnished investment property complete with its own website to convey with 13K+ web visitors a year. You wont find better numbers! A full list of improvements and renovations in Associated Docs

Last Agent to Sell the Property

Jason Summerton

Twiddy and Company - Wash Woods License #231486 Listed on: 03/06/2015

Last Buyer's Agent

Carolyne Haas

Coast 'N Currents Realty License #265926

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,979

Year Built

  • Built in 1984

Lot Details

  • 120 Feet of Waterfront
  • Home fronts a canal
  • Unpaved Streets

Property Views

  • Ocean
  • Canal

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 3,445 Sq Ft Home
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Game Room
  • Screened Porch

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Private Dock
  • Covered Deck
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Water Filtration System
  • Private Water Source
  • Private or Community Septic Tank

Community Details

  • Carova Beach Subdivision

Listing and Financial Details

  • Legal Lot and Block #8 / 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,979

Year Built

Built in 1984

Lot Details

0.34 Acres

Listing Details

  • Class: RESIDENTIAL
  • Directions: N on beach to MP 22. Over dune ramp and 3rd right on ocean pearl. next left onto Sunfish, first right onto tarpon. house on right.
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Screened Porch, Sun Deck, Water Filter, Boat Dock
  • Flood Zone: Cobra, X
  • Headline: X flood rental machine!
  • Heated Sq Ft: 3445
  • Roads: Unpaved
  • Sale/Rent: For Sale
  • Section: 4
  • Waterfront Location: Canalfront
  • Zoning: Res
  • Deed Book Pg Number: 798
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Ensuite, Some Windows Treated, Wet Bar
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Vinyl
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Heated
  • Roof: Asphalt/Fiber Shingle
  • View: Canal, Ocean
  • Water Frontage: 120

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Septic Fee: 600
  • Sewer/Septic System: Private Septic
  • Water: Private

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 6535

Lot Info

  • Lot Description: Bulkheaded, Water Frontage
  • Lot Number: Lot#8
  • Deed Book: 1230

Rental Info

  • Est Annual Rental Income: 84000
  • Estimated Rental Performance: 0.1615
  • Maintenance Expenses: 1500
  • Other Expenses: 125
  • Other Expenses2: 4440
  • Other Expenses3: 2688
  • Poolspa Expense: 3000
  • Rental Co: Managed by Homeowner
  • Rental Cottage Name: Sandy Cheeks
  • Rental Turnover Day: Sunday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1384
  • Annual Electric: 4475
  • Annual Telephone Expense: 1140

Building Info

  • Year Built: 1984

Tax Info

  • Year: 2014
  • Taxes: 1979

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2016
Sold by
Bought by
Current Estimated Value
$966,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
0.0487%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 6, 2015
Closed on
Apr 22, 2015
Sold by
Bought by
Seller's Agent
Jason Summerton
Twiddy and Company - Wash Woods
Buyer's Agent
Carolyne Haas
Coast 'N Currents Realty
List Price
$529,900
Sold Price
$520,000
Premium/Discount to List
-$9,900
-1.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.65%
Original Mortgage
$416,000
Interest Rate
0.0395%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2012
Sold by
Bought by

Purchase Details

Listed on
Feb 13, 2012
Closed on
May 2, 2012
Sold by
Bought by
Seller's Agent
Mike Narlis
LPT Realty, LLC
Buyer's Agent
Mike Narlis
LPT Realty, LLC
List Price
$379,900
Sold Price
$280,000
Premium/Discount to List
-$99,900
-26.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.11%

Purchase Details

Closed on
Aug 9, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,500
Interest Rate
0.0619%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$550,000 Attorney
$520,000 Attorney
-- None Available
$280,000 None Available
$558,950 None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $440,000
Previous Owner $416,000
Previous Owner $92,500
Previous Owner $520,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/24/2015 04/24/15 Sold $520,000 -1.9% $151 / Sq Ft
03/26/2015 03/26/15 Pending -- -- --
03/06/2015 03/06/15 For Sale $529,900 +89.3% $154 / Sq Ft
05/17/2012 05/17/12 Sold $280,000 -26.3% $81 / Sq Ft View Prior Sale
04/23/2012 04/23/12 Pending -- -- --
02/13/2012 02/13/12 For Sale $379,900 -- $110 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,487 $481,800 $88,000 $393,800
2024 $3,487 $481,800 $88,000 $393,800
2023 $3,466 $481,800 $88,000 $393,800
2022 $2,646 $481,800 $88,000 $393,800
2021 $2,588 $380,600 $57,000 $323,600
2020 $2,136 $380,600 $57,000 $323,600
2019 $2,094 $380,600 $57,000 $323,600
2018 $2,055 $380,600 $57,000 $323,600
2017 $2,026 $380,600 $57,000 $323,600
2016 $2,026 $380,600 $57,000 $323,600
2015 $2,019 $372,700 $57,000 $315,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 87093

Outer Banks Association of REALTORS®

APN: 087A-001-0008-0004

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