NOT LISTED FOR SALE

Estimated Value: $929,095 - $1,147,000

6 Beds
4.5 Baths
2,924 Sq Ft
$347/Sq Ft Est. Value

Last Sold January 04, 2024

Last sale price $880,000 $301 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,402/month

325 Days on Market

Highlights

  • Beach Front
  • Spa
  • Saltbox Architecture
  • Ocean View
  • 0.51 Acre Lot
  • Furnished

About This Home

As of January 2024

Look no further! Oceanfront property with endless potential. If you are looking for the perfect vacation home, weekend getaway or income producing investment property, this is the home for you! With such a large lot with vegetation there is enough room to add a private pool with ocean views. This charming oceanfront cottage is an extremely rare find in a very desirable location with private beach access. The sky's the limit here!! No wonder this property is such a SOLID rental performer with over $108K advertised rent and $100K already on the books for 2023!! Offering 6 bedroom, 4.5 bath, unobstructed ocean views. Enjoy the expansive oceanfront decks with panoramic views of sun rising over the Atlantic Ocean. The first level has a comfortable sitting area with a TV, wet bar with mini fridge. Two queen bedrooms and 1 king master bedroom open to an ocean view covered deck complete with hot tub. There are also two bedrooms with 2 single beds and one with 2 bunk beds, 2 additional full bathrooms. The upper floor has an open living, dining and kitchen area with wet bar, plenty of natural light and amazing ocean views. A King master bedroom with bathroom and walk in closet complete this level. Built in 1975 and fully renovated and updated in 1995. Let your Hatteras Island adventure begin!

Last Agent to Sell the Property

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 12/30/2022

Last Buyer's Agent

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 12/30/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,917

Year Built

  • Built in 1975

Lot Details

  • 0.51 Acre Lot
  • Beach Front
  • Level Lot
  • Property is zoned S-1

Home Design

  • Saltbox Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 2,924 Sq Ft Home
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Don W Figgatt Subdivision

Listing and Financial Details

  • Tax Lot 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,917

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Saltbox
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Outside Lighting, Outside Shower, Sun Deck, Inside Laundry Room
  • Flood Zone: AO
  • Heated Sq Ft: 2924
  • L V T Date: 12/30/2022
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: S-1
  • Advertised Income 2022: 106684
  • Deed Book Pg Number: 0014
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C0569
  • 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, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 6
  • Countertops: Laminate
  • Floor Coverings: Carpet, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection, Ensuite, Walk in Closet, Wet Bar, 1st Flr Ensuite
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 22000
  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Number: Lot 1
  • Estimated Lot Size: 0.51
  • Deed Book: 2618

Rental Info

  • Est Annual Rental Income: 110043
  • Estimated Rental Performance: 0.125
  • Lease Terms: Weekly
  • Rental Co: Brindley Beach Vacations
  • Rental Cottage Name: Sea Peck
  • Rental Cottage Number: HIR107
  • Rental Phone Number: 252-301-3775
  • Rental Turnover Day: Saturday
  • Rental Contact Email: jennifer@brindleybeach.com
  • Rental Contact Name: Jennifer Paddock
  • Rental Contact Phone: 252-301-3775

Building Info

  • Year Built: 1975

Tax Info

  • Year: 2023
  • Taxes: 3917.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2022
Closed on
Jan 4, 2024
Sold by
Muriel Beach Lp
Bought by
Traber John and Traber Sara Beth
Seller's Agent
Trisha Midgett
Midgett Realty - Rodanthe
Buyer's Agent
Trisha Midgett
Midgett Realty - Rodanthe
List Price
$1,179,904
Sold Price
$880,000
Premium/Discount to List
-$299,904
-25.42%
Views
412
Current Estimated Value
$925,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,136
Avg. Annual Appreciation
9.34%
Original Mortgage
$704,000
Outstanding Balance
$695,471
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$318,803

Purchase Details

Closed on
Jan 14, 2022
Sold by
Lobo and Marlies
Bought by
Lobo Clive

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2021
Sold by
Fearing Malcom Keith and Fearing Susan F
Bought by
Lobo Clive
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
Traber John $880,000 None Listed On Document
Lobo Clive -- Esper Thomas L
Lobo Clive $775,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Traber John $704,000
Previous Owner Lobo Clive $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2024 01/04/24 Sold $880,000 -7.4% $301 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
09/11/2023 09/11/23 Price Changed $950,000 -4.9% $325 / Sq Ft
04/24/2023 04/24/23 Price Changed $999,000 -7.5% $342 / Sq Ft
03/23/2023 03/23/23 Price Changed $1,079,904 -8.5% $369 / Sq Ft
12/30/2022 12/30/22 For Sale $1,179,904 -- $404 / 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 $4,045 $626,400 $334,800 $291,600
2023 $3,917 $638,064 $334,800 $303,264
2022 $3,846 $638,064 $334,800 $303,264
2021 $3,789 $638,064 $334,800 $303,264
2020 $3,711 $627,456 $334,800 $292,656
2019 $2,671 $378,300 $198,700 $179,600
2018 $2,659 $375,800 $198,700 $177,100
2017 $2,653 $375,800 $198,700 $177,100
2016 $2,499 $375,800 $198,700 $177,100
2014 $2,499 $375,800 $198,700 $177,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 121081

Outer Banks Association of REALTORS®

APN: 012462000