NOT LISTED FOR SALE

25 Lighthouse Rd Ocracoke, NC 27960

Estimated Value: $1,481,880

0.64 Acre
$2,301,056 Price per Acre
28,053 Sq Ft Lot

Last Sold May 07, 2018

Last sale price $795,000

Est. 86% increase in value since last sale

Current estimated payment $9,223/month

5 Days on Market

Highlights

  • Harbor Views
  • Ocracoke School Rated 9+
  • Corner Lot

About This Lot

As of May 2018

This one of a kind opportunity is a developers dream! Four lots on Ocracoke Island (see parcel map below) previously operated as the historic Island Inn, which is currently in disrepair. Prime corner location on Irvin Garrish Road and Lighthouse Road. The four lots consist of approximately 74,000+ Square Feet (1.7 Acres) and is competitively priced under the current tax value

Last Agent to Sell the Property

Bobby Harrell

Harrell & Associates License #77804 Listed on: 12/05/2017

Co-Listed By

Kimberly Milby

Coastal Cottages, LLC License #225870

Last Buyer's Agent

Bobby Harrell

Harrell & Associates License #77804 Listed on: 12/05/2017

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,493

Lot Details

  • Corner Lot
  • Level Lot
  • Property is zoned Mixec

Additional Features

  • Harbor Views
  • Municipal Utilities District Sewer

Property Details

Property Type

Land

Est. Annual Taxes

$8,493

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Headline: 4 LOTS - ISLAND INN
  • L V T Date: 12/07/2017
  • Roads: Public, Paved
  • Sale/Rent: For Sale
  • Zoning: Mixec
  • Deed Book Pg Number: 337
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C10129
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Harbor

Utilities

  • Sewer/Septic System: Municipal Sewer
  • Electric: Available

Lot Info

  • Lot Description: Corner, Easement(s), Level
  • Deed Book: 245

Tax Info

  • Year: 2017
  • Taxes: 8493

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2017
Closed on
May 3, 2018
Sold by
Lighthouse Road Investors Llc
Bought by
Ocracoke Preservation Society Inc
Seller's Agent
Bobby Harrell
Harrell & Associates
Buyer's Agent
Bobby Harrell
Harrell & Associates
List Price
$799,500
Sold Price
$795,000
Premium/Discount to List
-$4,500
-0.56%
Current Estimated Value
$1,481,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$686,880
Avg. Annual Appreciation
8.46%

Purchase Details

Closed on
Mar 2, 2010
Sold by
Lauby Linda L
Bought by
Us Bank National Assn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ocracoke Preservation Society Inc $795,000 None Available
Us Bank National Assn $170,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2018 05/07/18 Sold $795,000 -0.6% --
12/10/2017 12/10/17 Pending -- -- --
12/05/2017 12/05/17 For Sale $799,500 -- --
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 -- $0 $0 $0
2023 $4,130 $439,739 $400,000 $39,739
2022 $4,130 $451,419 $400,000 $51,419
2021 $3,679 $451,419 $400,000 $51,419
2020 $3,566 $451,419 $400,000 $51,419
2019 $3,566 $451,419 $400,000 $51,419
2018 $3,521 $451,419 $400,000 $51,419
2017 $4,747 $730,279 $576,000 $154,279
2016 $6,864 $730,279 $576,000 $154,279
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bobby Harrell

    Seller's Agent in 2018

    Bobby Harrell

    Harrell & Associates

    (252) 423-0117

    2 in this area

    77 Total Sales

    Bobby Harrell
    Section Image

  • K

    Seller Co-Listing Agent in 2018

    Kimberly Milby

    Coastal Cottages, LLC

    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 98664

Outer Banks Association of REALTORS®

APN: 9500288910

North Carolina Hyde County Ocracoke 27960

25 Lighthouse Rd, Ocracoke, NC

Not Listed for Sale

Lots

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