NOT LISTED FOR SALE

Estimated Value: $533,000 - $730,907

3 Beds
2 Baths
1,292 Sq Ft
$522/Sq Ft Est. Value

Last Sold December 05, 2014

Last sale price $310,000 $240 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $4,116/month

97 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Ocean View
  • Vaulted Ceiling
  • Waterfront Community
  • Deck
  • Furnished

About This Home

As of December 2014

The most cottagey oceanfront beach cottage on the island. Large open and airy living room and kitchen with high ceilings and exposed beams, nice sized oceanfront master suite with full bath, laundry room and house length oceanfront deck. Home has a consistent rental history with over $53,000 in gross revenue for 2014 and produces year after year with many repeat guests. Buying this property is much like buying a producing business except you can stay for the week! Buyer or Buyer agent should verify all cama lines, buffers and regulations along with a survey during or before due diligence.

Last Agent to Sell the Property

Chris Rackley

Lewis Realty License #189952 Listed on: 07/31/2014

Last Buyer's Agent

Christina Asbury

Lewis Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,672

Year Built

  • Built in 1987

Lot Details

  • 0.3 Acre Lot

Home Design

  • Shingle Roof
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 1,292 Sq Ft Home
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Laminate Flooring
  • Ocean Views

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deeded Waterfront Access Rights
  • Deck

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 3pt4

Community Details

Overview

  • No Home Owners Association
  • Old Settlers Beach Subdivision

Recreation

  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,672

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction Type: Stick Built
  • New Construction: No
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Flooring: Laminate
  • Heated Sq Ft: 1200 - 1399
  • Interior Amenities: Blinds/Shades, Furnished, Ceiling Fan(s), Ceiling - Vaulted
  • List Price per Sq Ft: 263.08
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Number Rooms: 7
  • Sq Ft Heated: 1292.00
  • Total Heated Primary Separate Sq Ft: 1292.00

Exterior Features

  • Exterior Finish: Vinyl Siding
  • Exterior Structures: Shower
  • Foundation: Pilings
  • Porch Balcony Deck: Deck
  • Road Type Frontage: Paved
  • Roof: Shingle
  • Waterview: Yes

Garage/Parking

  • Garage And Parking Other See Remarks: Underneath

Utilities

  • Appliances Equipment: Dishwasher, Washer, Refrigerator, Stove/Oven - Electric, Dryer
  • Federal Flood Ins Avlbl: Yes
  • Heating System: Heat Pump
  • Utilities: Community Sewer, Municipal Water, Municipal Sewer
  • Water Heater: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Page: 687.00
  • Lot Acres: 0.30
  • Lot Number: 3pt4
  • Lot Water Features: Deeded Water Access, Waterfront Comm
  • Lot View Type: Ocean View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2014
Closed on
Nov 17, 2014
Sold by
Siefker Robert L and Siefker Christina M
Bought by
Johnston Erin Lea Clark and Johnston George William
Seller's Agent
Chris Rackley
Lewis Realty
Buyer's Agent
Christina Asbury
Lewis Realty
List Price
$339,900
Sold Price
$310,000
Premium/Discount to List
-$29,900
-8.8%
Current Estimated Value
$665,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$355,307
Avg. Annual Appreciation
7.63%
Original Mortgage
$279,000
Outstanding Balance
$217,017
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$463,189

Purchase Details

Closed on
Jul 22, 2010
Sold by
Caputo Daniel J and Caputo Rachele J Miller
Bought by
Siefker Robert L
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
Johnston Erin Lea Clark $310,000 None Available
Siefker Robert L $247,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnston Erin Lea Clark $279,000
Previous Owner Caputo Rachele J $73,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2014 12/05/14 Sold $310,000 -8.8% $240 / Sq Ft
11/05/2014 11/05/14 Pending -- -- --
07/31/2014 07/31/14 For Sale $339,900 -- $263 / Sq Ft
Source: Hive MLS

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 $5,672 $522,740 $300,000 $222,740
2023 $5,672 $522,740 $300,000 $222,740
2022 $5,672 $522,740 $300,000 $222,740
2021 $2,919 $250,530 $125,000 $125,530
2020 $2,793 $250,530 $125,000 $125,530
2019 $2,793 $250,530 $125,000 $125,530
2018 $2,627 $250,530 $125,000 $125,530
2017 $2,414 $225,990 $125,000 $100,990
2016 $2,414 $225,990 $0 $0
2015 $2,414 $225,990 $0 $0
2014 $2,576 $241,140 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 40203778

Hive MLS

APN: 810-8