NOT LISTED FOR SALE

Estimated Value: $652,000 - $1,333,000

8 Beds
8 Baths
4,545 Sq Ft
$232/Sq Ft Est. Value

Last Sold February 01, 2023

Last sale price $1,070,000 $235 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $6,403/month

8 Days on Market

Highlights

  • Community Beach Access
  • Home Theater
  • Second Refrigerator
  • Ocean View
  • Outdoor Pool
  • Coastal Architecture

About This Home

As of February 2023

Tropical Wave is an impressive 8 bedroom, 8 bath vacation home with ocean and sound views. All of the bedrooms and baths are spacious and it is obvious it has been cared for with maintenance needs attended to. It features a swimming pool and hot tub with access to the game room with wet bar, plus a media room, elevator to all levels, and multiple decks, porches, and patio areas. The sellers have opened the rental calendar for a limited season during their ownership. There is $73,000 in pre-bookings for 2023 in place for just June, July, and August so far, but rental projections are on file for $115,000 or better with an open calendar. This could be the perfect investment property you have been waiting for on Hatteras Island. Recent improvements include new heat pumps in 2022, 2020, and 2018, plus an upstairs refrigerator in 2022, roof in 2020, hot tub in 2017, and a pool heat pump in 2019. Check out the 3-D Virtual Tour which is almost as good as seeing this well maintained home in person.

Last Agent to Sell the Property

Carla Reynolds

NC 12 Realty License #241562 Listed on: 12/20/2022

Co-Listed By

Trafton Reynolds

NC 12 Realty License #265864

Last Buyer's Agent

Trisha Midgett

Midgett Realty - Rodanthe License #162204

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,533

Year Built

  • Built in 2004

Lot Details

  • 0.47 Acre Lot
  • Property fronts a private road
  • Landscaped
  • Corner Lot
  • Level Lot
  • Property is zoned S - 1

HOA Fees

  • $83 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 4,545 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Home Theater
  • Game Room
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom
  • 8 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Septic System

Listing and Financial Details

  • Tax Lot 9

Community Details

Overview

  • Association fees include management, road maintenance
  • Sterling Parker Association, Phone Number (252) 441-7860
  • Estates At Hatteras Island Subdivision

Recreation

  • Community Boardwalk
  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,533

Year Built

Built in 2004

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Caribbean Way just before the Rodanthe Pier. Green home on right before the bridge.
  • Extras: Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Landscaped, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Sun Deck
  • Flood Zone: AE
  • Headline: 8 Bedrooms with all the perks
  • Heated Sq Ft: 4545
  • L V T Date: 12/20/2022
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: S - 1
  • Deed Book Pg Number: 0179
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C24757
  • Outer Banks Software: Yes
  • Short Term Rental Restrictions: No
  • 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, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection, Gas Fireplace, Ensuite, Washer Connection, Wet Bar, 1st Flr Ensuite
  • Optional Rooms: Game Room, Media Room

Exterior Features

  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Sound

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Electric, Heat Pump, Zoned
  • Sewer/Septic System: Non Conventional Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Management, Road Maintenance
  • Association Amenities: Ocean Access, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 1000
  • Hoa Contact: Sterling Parker
  • HOA Contact: 252-441-7860
  • Home Owner Dwelling Insurance: 6078

Lot Info

  • Estimated Lot Sq Ft: 20578
  • Lot Description: Corner, Level
  • Lot Size: 0.472 acres
  • Lot Number: Lot 9
  • Estimated Lot Size: 0.47
  • Deed Book: 1823

Rental Info

  • Est Annual Rental Income: 115000
  • Estimated Rental Performance: 0.1075
  • Flood Expenses: 897
  • Lease Terms: Weekly
  • Rental Co: Vacasa - Hatteras
  • Rental Cottage Name: Tropical Wave
  • Rental Cottage Number: 227
  • Rental Phone Number: 800-428-8372
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Rental Contact Email: beth.humbrecht@vacasa.com
  • Rental Contact Name: Beth Humbrecht
  • Rental Contact Phone: 800-428-8372

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2022
  • Taxes: 4533

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2022
Closed on
Jan 26, 2023
Sold by
Banta Davis A and Banta Vicky
Bought by
Nowak Randy and Nowak Janet Ann
Seller's Agent
Carla Reynolds
NC 12 Realty
Buyer's Agent
Trisha Midgett
Midgett Realty - Rodanthe
List Price
$1,100,000
Sold Price
$1,070,000
Premium/Discount to List
-$30,000
-2.73%
Total Days on Market
8
Views
1
Current Estimated Value
$1,055,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,812
Avg. Annual Appreciation
2.27%
Original Mortgage
$727,000
Outstanding Balance
$703,065
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$424,469

Purchase Details

Closed on
Nov 23, 2009
Sold by
Thornbro James H and Thornbro Sue C
Bought by
Banta David A and Banta Vicky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2007
Sold by
Midgette Sarah M and Midgette Rocky D
Bought by
Gavidia Carlos E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,950
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2005
Sold by
Midgette Rocky D and Midgette Sarah M
Bought by
Midgette Rocky D and Midgette Sarah M
Source: Public Records

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Range of Values:

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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
Nowak Randy $5,350,000 --
Banta David A $661,000 None Available
Gavidia Carlos E $83,400,000 None Available
Midgette Rocky D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nowak Randy $727,000
Previous Owner Banta David A $417,000
Previous Owner Banta David A $10,000
Previous Owner Banta David A $417,000
Previous Owner Gavidia Carlos E $665,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2023 02/01/23 Sold $1,070,000 -2.7% $235 / Sq Ft
12/28/2022 12/28/22 Pending -- -- --
12/20/2022 12/20/22 For Sale $1,100,000 -- $242 / 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 $4,759 $727,800 $122,900 $604,900
2023 $4,608 $751,996 $122,900 $629,096
2022 $4,533 $751,996 $122,900 $629,096
2021 $4,458 $751,996 $122,900 $629,096
2020 $4,790 $751,996 $122,900 $629,096
2019 $4,790 $666,400 $105,200 $561,200
2018 $4,790 $666,400 $105,200 $561,200
2017 $4,809 $666,400 $105,200 $561,200
2016 $4,512 $666,400 $105,200 $561,200
2014 $451 $666,400 $105,200 $561,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 121038

Outer Banks Association of REALTORS®

APN: 031173000