25226 La Waves Dr Waves, NC 27982
Waves NeighborhoodEstimated Value: $1,237,000 - $1,838,657
6
Beds
5.5
Baths
3,895
Sq Ft
$415/Sq Ft
Est. Value
Highlights
- Beach Front
- Home Theater
- Second Refrigerator
- Ocean View
- In Ground Pool
- Coastal Architecture
About This Home
As of January 2024Welcome to Blue Moon! This 6 bedroom (sleeps like a 7 bedroom), 6 full and 1 half bath oceanfront home in Waves promises the ideal settingfor your future Outer Banks lifestyle, complete with sweeping, unobstructed ocean views. This beach house isn't just a stunning coastalretreat; it's also a remarkable income generator with an impressive ROI of 12.9%. In 2023, it generated a substantial income of $272,153, andthe outlook for 2024 is already exceptionally promising, with over $219,000 on the books. Begin your days at Blue Moon with the soothingembrace of ocean breezes as you savor your morning coffee on the oceanfront deck, captivated by the enchanting sunrise. The beach'sproximity beckons you to embrace a day of seaside activities. After your coastal adventures, unwind in the spacious private pool or indulge inthe soothing hot tub. Rinse away the day's cares in the convenient outdoor shower before relishing a refreshing beverage at the poolside tikibar. Level 1 offers a private home theater, providing an ideal space to immerse yourself in your preferred movies and entertainment. Forthose seeking family bonding, the 1950s retro-style game room invites you to create lasting memories with loved ones. Equipped with a pooltable, a wet bar/kitchenette, a full-sized refrigerator with a standalone commercial ice maker, and a microwave, it's the perfect setting for endlessfun. Additionally, on this level, you'll find two bedrooms: one King bedroom with a private bath and another bedroom with two sets of full over fullbunks, each with its own bathroom. Level 2 boasts three king bedrooms and one bedroom equipped with queen over queen bunk beds.You'll also find a welcoming bonus room with a comfortable queen sleeper sofa and a large flat-screen TV. Level 3 features the great roomproviding an expansive and comfortable living space, complemented by breathtaking panoramic ocean views. The meticulously equippedkitchen is equipped with high-end stainless steel appliances, a beautifully tiled floor, sophisticated granite countertops, and custom cabinetry.This top level also includes a master king bedroom suite, further enhancing the overall appeal of this extraordinary property. Blue Moon'slocation strikes a harmonious balance between privacy and proximity, providing easy access to shops, restaurants, charter fishing, and thecharming Hatteras Island Villages. Don't miss this unique opportunity to make Blue Moon your dream home today!
Last Agent to Sell the Property
Midgett Realty - Rodanthe License #162204 Listed on: 12/13/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,077
Year Built
- Built in 1999
Lot Details
- Beach Front
- Property fronts a private road
- Property is zoned S-1
Home Design
- Coastal Architecture
- Contemporary Architecture
- Reverse Style Home
- Frame Construction
- Asphalt Shingled Roof
- Piling Construction
- Cement Board or Planked
Interior Spaces
- 3,895 Sq Ft Home
- Elevator
- Wet Bar
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Window Treatments
- Home Theater
- Game Room
- Ocean Views
Kitchen
- Oven or Range
- Microwave
- Second Refrigerator
- Ice Maker
- Dishwasher
- Granite Countertops
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- En-Suite Primary Bedroom
Laundry
- Dryer
- Washer
Parking
- Paved Parking
- Off-Street Parking
Pool
- In Ground Pool
- Outdoor Pool
- Spa
- Outdoor Shower
Outdoor Features
- Sun Deck
- Covered Deck
- Exterior Lighting
- Tiki or Chickee Hut
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Municipal Utilities District Water
- Private or Community Septic Tank
Community Details
- La Waves Subdivision
Listing and Financial Details
- Tax Lot 14
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 13, 2023
Closed on
Jan 27, 2024
Sold by
Fraelich Timothy P and Fraelich Michelle
Bought by
25226 Law Waves Llc
Seller's Agent
Trisha Midgett
Midgett Realty - Rodanthe
Buyer's Agent
Nelene Gibbs
Nelene Gibbs Real Estate, LLC,
List Price
$1,950,000
Sold Price
$1,850,000
Premium/Discount to List
-$100,000
-5.13%
Total Days on Market
37
Views
18
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$232,836
Avg. Annual Appreciation
-5.61%
Purchase Details
Listed on
Nov 25, 2014
Closed on
Oct 16, 2015
Sold by
Gelhausen Paul A and Gelhausen Jenny L
Bought by
Fraelich Timothy P and Fraelich Michelle
Seller's Agent
John Head
Colony Realty Corp - Frisco
Buyer's Agent
Mike Bishal
Great Escapes Vacations & Sales
List Price
$949,000
Sold Price
$860,000
Premium/Discount to List
-$89,000
-9.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.68%
Original Mortgage
$774,000
Interest Rate
2.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 28, 2013
Sold by
Gelhausen Paul A and Gelhausen Jenny L
Bought by
Gelhausen Paul A and Gelhausen Jenny L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
3.39%
Mortgage Type
New Conventional
Similar Home in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 25226 Law Waves Llc | $9,250,000 | None Listed On Document | |
| Fraelich Timothy P | -- | None Available | |
| Gelhausen Paul A | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Fraelich Timothy P | $774,000 | |
| Previous Owner | Gelhausen Paul A | $416,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2024 01/31/24 | Sold | $1,850,000 | -5.1% | $475 / Sq Ft |
| 01/19/2024 01/19/24 | Pending | -- | -- | -- |
| 01/18/2024 01/18/24 | For Sale | $1,950,000 | 0.0% | $501 / Sq Ft |
| 01/18/2024 01/18/24 | Price Changed | $1,950,000 | -18.8% | $501 / Sq Ft |
| 12/13/2023 12/13/23 | Pending | -- | -- | -- |
| 12/13/2023 12/13/23 | For Sale | $2,400,000 | +179.1% | $616 / Sq Ft |
| 10/20/2015 10/20/15 | Sold | $860,000 | -9.4% | $220 / Sq Ft |
| 09/15/2015 09/15/15 | Pending | -- | -- | -- |
| 11/25/2014 11/25/14 | For Sale | $949,000 | -- | $242 / Sq Ft |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
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 | $6,275 | $969,700 | $421,500 | $548,200 |
| 2023 | $6,077 | $991,628 | $421,500 | $570,128 |
| 2022 | $5,978 | $991,628 | $421,500 | $570,128 |
| 2021 | $5,878 | $991,628 | $421,500 | $570,128 |
| 2020 | $5,864 | $991,628 | $421,500 | $570,128 |
| 2019 | $6,669 | $940,100 | $404,100 | $536,000 |
| 2018 | $6,669 | $940,100 | $404,100 | $536,000 |
| 2017 | $6,669 | $940,100 | $404,100 | $536,000 |
| 2016 | $6,282 | $940,100 | $404,100 | $536,000 |
| 2014 | $6,282 | $940,100 | $404,100 | $536,000 |
Source: Public Records
Agents Affiliated with this Home
-
Trisha Midgett
Seller's Agent in 2024
Trisha Midgett
Midgett Realty - Rodanthe
(252) 996-0124
70 in this area
1,308 Total Sales
-
Nelene Gibbs
Buyer's Agent in 2024
Nelene Gibbs
Nelene Gibbs Real Estate, LLC,
(757) 672-3232
2 in this area
128 Total Sales
-
John Head
Seller's Agent in 2015
John Head
Colony Realty Corp - Frisco
(252) 216-7807
5 in this area
182 Total Sales
-
Mike Bishal
Buyer's Agent in 2015
Mike Bishal
Great Escapes Vacations & Sales
(252) 207-4554
47 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 124135
APN: 014277011
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