NOT LISTED FOR SALE

24149 Ocean Dr Rodanthe, NC 27968

Estimated Value: $480,880 - $542,000

4 Beds
2.5 Baths
1,568 Sq Ft
$324/Sq Ft Est. Value

Last Sold May 03, 2021

Last sale price $370,000 $236 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,828/month

63 Days on Market

Highlights

  • Beach Front
  • Coastal Architecture
  • Furnished
  • Ocean View
  • Cathedral Ceiling
  • Granite Countertops

About This Home

As of May 2021

Oceanfront rental machine produced $70,375 in gross rental income for 2020 and already has $54,140 on the books YTD as of 2.10.21. This oceanfront home has received quite the transformation with an interior renovation including: new cabinets, granite countertops, interior paint, flooring, electronics, appliances, furnishings and decor, lights, fans, etc. The expansive great room (cathedral ceilings), well-appointed kitchen and dining area are great spaces to enjoy communing, cooking, and sharing your experiences of the day. “The Islander” also features large oceanside decks where you’re sure to enjoy ocean breezes and perhaps an evening cocktail. Amazing ocean vistas, dolphin watching and access to pristine beaches are right out your back door. This home has all the features and amenities you're looking for in a quaint oceanfront cottage, is in close proximity to the pier and located in a family friendly community. Come take a look!

Last Agent to Sell the Property

Rob Petty

Outer Banks Home Group License #224417 Listed on: 01/07/2021

Last Buyer's Agent

Rob Petty

Outer Banks Home Group License #224417 Listed on: 01/07/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,326

Year Built

  • Built in 1984

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 160 x 70
  • Beach Front
  • 70 Feet of Waterfront
  • Level Lot

Parking

  • Unpaved Parking

Home Design

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

Interior Spaces

  • 1,568 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Laminate Flooring
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Deck

Utilities

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

Community Details

  • Trade Winds Bch Subdivision

Listing and Financial Details

  • Tax Lot 5

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,326

Year Built

Built in 1984

Lot Details

0.26 Acres

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Hwy 12 to Trade Winds Drive, left on Seashore Drive, right on Ocean Drive, house on the left.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks
  • Flood Zone: AE, VE
  • Headline: Oceanfront Rental Machine
  • Heated Sq Ft: 1568
  • L V T Date: 01/07/2021
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Advertised Income 2020: 70375
  • Advertised Income 2021: 54140
  • Deed Book Pg Number: 588
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C7816
  • 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, Washer
  • Bedrooms: 4
  • Countertops: Granite, Solid Surface
  • Floor Coverings: Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Washer Connection
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Wood
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 70
  • View: Ocean
  • Water Frontage: 70

Garage/Parking

  • Parking: Unpaved

Utilities

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

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 2977

Lot Info

  • Estimated Lot Sq Ft: 11200
  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Faces: E
  • Lot Size: 160 x 70
  • Lot Number: Lot 5
  • Estimated Lot Size: 0.26
  • Deed Book: 2030

Rental Info

  • Est Annual Rental Income: 70375
  • Estimated Rental Performance: 0.1902
  • Flood Expenses: 1761
  • Maintenance Expenses: 2378
  • Rental Co: Surf or Sound Realty
  • Rental Cottage Name: The Islander
  • Rental Cottage Number: 136
  • Rental Phone Number: 987-1444
  • Rental Turnover Day: Sunday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 1140
  • Annual Electric: 2019
  • Annual Telephone Expense: 1003
  • Annual Water Expense: 437

Building Info

  • Year Built: 1984

Tax Info

  • Year: 2020
  • Taxes: 2326

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2021
Closed on
Apr 30, 2021
Sold by
Boosin Margaret Valerie and Boosin Margaret Valerie
Bought by
Devamithran Joseph A and Devamithran Jesse R
Seller's Agent
Rob Petty
Outer Banks Home Group
Buyer's Agent
Rob Petty
Outer Banks Home Group
List Price
$419,900
Sold Price
$370,000
Premium/Discount to List
-$49,900
-11.88%
Current Estimated Value
$508,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,720
Avg. Annual Appreciation
6.76%
Original Mortgage
$295,999
Outstanding Balance
$267,251
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$241,469

Purchase Details

Closed on
Jun 19, 2015
Sold by
Boosin Margaret Valerie
Bought by
Boosin Margaret Valerie and Margaret Valerie Boosin Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Devamithran Joseph A $370,000 None Available
Boosin Margaret Valerie -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Devamithran Joseph A $295,999
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2021 05/03/21 Sold $370,000 -11.9% $236 / Sq Ft
03/11/2021 03/11/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $419,900 0.0% $268 / Sq Ft
01/14/2021 01/14/21 Pending -- -- --
01/07/2021 01/07/21 For Sale $419,900 -- $268 / Sq Ft
Source: Outer Banks Association of REALTORS®

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
2025 $2,177 $485,300 $23,600 $461,700
2024 $1,691 $256,800 $21,400 $235,400
2023 $1,637 $266,216 $21,400 $244,816
2022 $1,605 $266,216 $21,400 $244,816
2021 $2,332 $393,336 $192,200 $201,136
2020 $2,326 $393,336 $192,200 $201,136
2019 $2,221 $315,600 $188,400 $127,200
2018 $2,221 $315,600 $188,400 $127,200
2017 $2,221 $315,600 $188,400 $127,200
2016 $2,092 $315,600 $188,400 $127,200
2014 $2,092 $315,600 $188,400 $127,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 112348

Outer Banks Association of REALTORS®

APN: 012746000

Your Personal Tour Guide

Ask me questions while you tour the home.