NOT LISTED FOR SALE

Estimated Value: $793,000 - $1,058,879

5 Beds
3.5 Baths
2,270 Sq Ft
$401/Sq Ft Est. Value

Last Sold June 22, 2023

Last sale price $1,075,000 $474 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $5,188/month

5 Days on Market

Highlights

  • Beach Front
  • Spa
  • Coastal Architecture
  • Ocean View
  • 1.03 Acre Lot
  • Loft

About This Home

As of June 2023

This is a rare chance to buy a five-bedroom oceanfront home on the Outer Banks for less than a million dollars and has a projected 13% ROI! This adorable beachfront property can be found beyond the main roads and roughly a 10-mile ride on the 4x4 beaches! If you enjoy leisure, stunning surroundings, and a lot of privacy, this house is for you. Even before you enter the house, you'll be captivated by the large decks that run the width of the house on the ocean side and the length of the south side and by the outdoor hot tub area where you can enjoy the sounds of nature while watching the wild horses wander by. With proper permits, the lot may even provide room for a pool! Inside, you'll be charmed by the nautical decor, the abundance of natural light, and the recently updated furniture that provides a fresh coastal vibe. The first of the five bedrooms is located on the ground floor. Ascending to the second floor, you'll come across one en suite bedroom with access to the deck, two bedrooms that share a fully updated bathroom with a dual vanity, and a separate living space with a fireplace. The main living room is on the third level, which has huge windows and sliders to let in plenty of natural light. On this floor is the kitchen, a dining room, a half bathroom room that has a washer and dryer, and a bedroom with an en suite bathroom. The last set of stairs takes you to a bonus loft area currently used as a sleeping nook that boasts amazing ocean views as well as views to the living room below. This updated and fully furnished beach house is turnkey ready for use as a primary residence, second home, or an income-producing rental property. Please be sure to check out the virtual tour of this property by copy/paste into your browser: https://my.matterport.com/show/?m=ViR2AiMtsFd&mls=1

Last Agent to Sell the Property

Heather McLay

Landmark Sotheby's International Realty License #188982 Listed on: 05/01/2023

Landmark Sotheby's International Realty

Co-Listed By

Crystal Swain

Twiddy and Company - Corolla License #321765

Last Buyer's Agent

Brad Beacham

Landmark Sotheby's International Realty License #194377

Landmark Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,635

Year Built

  • Built in 1987

Lot Details

  • 1.03 Acre Lot
  • Beach Front
  • Irregular Lot
  • Unpaved Streets

Parking

  • Unpaved Parking

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction

Interior Spaces

  • 2,270 Sq Ft Home
  • Furnished
  • Beamed Ceilings
  • Ceiling Fan
  • Window Treatments
  • Loft
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Carpet
  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Pool

  • Spa

Utilities

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

Community Details

  • Carova Beach Subdivision

Listing and Financial Details

  • Legal Lot and Block 6 / 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,635

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: After getting off the paved road onto the 4x4 area, the house is just shy of 10 miles to the north.
  • Extras: Ceiling Fan(s), Hot Tub, Smoke Detector(s)
  • Headline: Beachfront Bliss!
  • Heated Sq Ft: 2270
  • L V T Date: 05/01/2023
  • Roads: Unpaved
  • Sale/Rent: For Sale
  • Section: 2
  • Waterfront Location: Oceanfront
  • Zoning: SFR
  • Advertised Income 2022: 140761
  • Deed Book Pg Number: 177
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C20671
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Washer
  • Bedrooms: 5
  • Countertops: Solid Surface
  • Floor Coverings: Carpet, Tile, Luxury Vinyl Plank
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: Beamed Ceiling(s), Dryer Connection, Ensuite, Some Windows Treated, Washer Connection
  • Optional Rooms: Loft
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Unpaved

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Fuel Tanks: Owned
  • Sewer/Septic System: Private Septic
  • Water: Private, Well

Lot Info

  • Estimated Lot Sq Ft: 45010
  • Lot Description: Beach Frontage, Irregular Terrain, Water Frontage
  • Lot Number: Lot 6
  • Estimated Lot Size: 1.03
  • Deed Book: 1632

Rental Info

  • Est Annual Rental Income: 132865
  • Estimated Rental Performance: 0.1236
  • Lease Terms: Weekly
  • Rental Co: Twiddy and Company
  • Rental Cottage Name: Uncharted Waters
  • Rental Cottage Number: V12241
  • Rental Phone Number: 252-457-1100
  • Rental Turnover Day: Saturday
  • Rental Contact Email: owner@twiddy.com
  • Rental Contact Name: Alison Robertson
  • Rental Contact Phone: 252-457-1100

Building Info

  • Year Built: 1987

Tax Info

  • Year: 2022
  • Taxes: 2634.61

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
Jun 12, 2023
Sold by
Spit & Polish Media Llc
Bought by
Congel Michael Joseph and Congel Maria Magdalena
Seller's Agent
Heather McLay
Landmark Sotheby's International Realty
Buyer's Agent
Brad Beacham
Landmark Sotheby's International Realty
List Price
$999,000
Sold Price
$1,075,000
Premium/Discount to List
$76,000
7.61%
Views
43
Current Estimated Value
$921,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$153,755
Avg. Annual Appreciation
-7.45%
Original Mortgage
$726,200
Outstanding Balance
$710,475
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$199,745

Purchase Details

Closed on
Jan 29, 2003
Bought by
Elbadry Amr Morry
Source: Public Records

Range of Values:

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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
Congel Michael Joseph $6,450,000 None Listed On Document
Elbadry Amr Morry $465,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Congel Michael Joseph $726,200
Previous Owner Spit & Polish Media Llc $644,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2023 06/22/23 Sold $1,075,000 +7.6% $474 / Sq Ft
05/06/2023 05/06/23 Pending -- -- --
05/01/2023 05/01/23 For Sale $999,000 +42.3% $440 / Sq Ft
06/21/2021 06/21/21 Sold $702,000 +4.8% $301 / Sq Ft
01/16/2021 01/16/21 Pending -- -- --
07/24/2020 07/24/20 Price Changed $669,900 -4.3% $287 / Sq Ft
06/24/2020 06/24/20 For Sale $699,900 -- $300 / 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 $3,582 $496,800 $289,400 $207,400
2023 $3,582 $489,100 $289,400 $199,700
2022 $2,635 $489,100 $289,400 $199,700
2021 $2,577 $487,300 $299,100 $188,200
2020 $2,584 $487,300 $299,100 $188,200
2019 $2,584 $487,300 $299,100 $188,200
2018 $0 $484,700 $299,100 $185,600
2017 $2,485 $479,700 $299,100 $180,600
2016 $2,417 $479,700 $299,100 $180,600
2015 -- $479,700 $299,100 $180,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 122121

Outer Banks Association of REALTORS®

APN: 087A-002-0006-0002