NOT LISTED FOR SALE

25999 Colony Dr Salvo, NC 27972

Salvo Neighborhood

Estimated Value: $1,452,000 - $1,688,000

8 Beds
8 Baths
3,960 Sq Ft
$394/Sq Ft Est. Value

Last Sold April 19, 2013

Last sale price $900,000 $227 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $8,988/month

159 Days on Market

Highlights

  • Beach Front
  • Heated In Ground Pool
  • Contemporary Architecture
  • Ocean View
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of April 2013

Ocean views are the signature feature of this vacationers' favorite. 'Ocean Break' is a well maintained 8 bedrooms, 6 full bath/2 half baths home is located in a small quiet subdivision an offers big time fun confirmed by the big time rental numbers - over $100k for 2012. Put this one on your must see list! COLLECT ALL 2013 INCOME - As of 3/29/13 the 2013 RENTALS ARE:$93220.00

Last Agent to Sell the Property

Sandra Byers

Outer Banks Realty Group License #164033 Listed on: 09/10/2012

Co-Listed By

Anthony Baca

Coastal NC Realty Group License #253022

Last Buyer's Agent

Clarence Gibbs

Gibbs Realty & Construction, LLC License #196474

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,772

Year Built

  • Built in 2001

Lot Details

  • 0.46 Acre Lot
  • Beach Front
  • Cul-De-Sac
  • Fenced Yard

Home Design

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

Interior Spaces

  • 3,960 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Bay Window
  • Game Room
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Plumbed For Ice Maker
  • Second Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Unpaved Parking
  • Paved Parking
  • Off-Street Parking

Pool

  • Heated In Ground Pool
  • Spa
  • Fiberglass Pool

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

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

Community Details

  • Ocean Breakers Subdivision

Listing and Financial Details

  • Tax Lot lot # 3

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,772

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Directions: Hwy 12 south, left on Rampart, left on Colony Dr., last house on right
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Fenced Yard, Hot Tub, Jet Tub, Smoke Detector(s), Sun Deck
  • Flood Zone: AE
  • Headline: 2013 Rents so far: $91,770.00
  • Heated Sq Ft: 3960
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: res
  • Deed Book Pg Number: 0144
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Floor Coverings: Carpet, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: Bay/Bow Window, Cathedral Ceiling(s), Dryer Connection, Gas Fireplace, Ice Maker Connection, Some Windows Treated, Washer Connection, Wet Bar
  • Optional Rooms: Game Room
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame
  • Exterior: Shakes
  • Pool: Yes
  • Pool Type: In Ground, Fiberglass, Heated
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street, Unpaved

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 20000
  • Lot Description: Adj to Park Serv./Preserv, Beach Frontage, Cul-de-sac
  • Lot Number: lot # 3
  • Deed Book: 1877

Rental Info

  • Est Annual Rental Income: 93220
  • Estimated Rental Performance: 0.1036
  • Lease Terms: Weekly
  • Other Expenses: 1046100
  • Rental Co: Outer Beaches Realty
  • Rental Cottage Name: Ocean Break
  • Rental Cottage Number: 569
  • Rental Phone Number: 252-995-4477
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 2001

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2012
  • Taxes: 6772.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2012
Closed on
Jun 6, 2013
Sold by
Cutbirth David B and Cutbirth Pattie M
Bought by
Pirates Lair Llc
Seller's Agent
Sandra Byers
Outer Banks Realty Group
Buyer's Agent
Clarence Gibbs
Gibbs Realty & Construction, LLC
List Price
$990,000
Sold Price
$900,000
Premium/Discount to List
-$90,000
-9.09%
Current Estimated Value
$1,560,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$660,201
Avg. Annual Appreciation
4.54%

Purchase Details

Listed on
Sep 10, 2012
Closed on
Mar 22, 2013
Sold by
Jinn Michael S and Jinn Natalja
Bought by
Cutbirth David B
Seller's Agent
Sandra Byers
Outer Banks Realty Group
Buyer's Agent
Clarence Gibbs
Gibbs Realty & Construction, LLC
List Price
$990,000
Sold Price
$900,000
Premium/Discount to List
-$90,000
-9.09%

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
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2011
Sold by
Shelhorse Dennis J
Bought by
Jinn Michael S
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
Pirates Lair Llc -- None Available
Cutbirth David B $900,000 None Available
Jinn Michael S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cutbirth David B $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2013 04/19/13 Sold $900,000 -9.1% $227 / Sq Ft
02/16/2013 02/16/13 Pending -- -- --
09/10/2012 09/10/12 For Sale $990,000 -- $250 / 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 $6,034 $930,800 $414,400 $516,400
2023 $5,831 $951,456 $414,400 $537,056
2022 $5,735 $951,456 $414,400 $537,056
2021 $5,652 $951,456 $414,400 $537,056
2020 $5,627 $951,456 $414,400 $537,056
2019 $5,825 $821,600 $361,900 $459,700
2018 $5,825 $821,600 $361,900 $459,700
2017 $5,825 $821,600 $361,900 $459,700
2016 $5,436 $821,600 $361,900 $459,700
2014 $5,436 $821,600 $361,900 $459,700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Sandra Byers

    Outer Banks Realty Group

    Section Image

  • A

    Seller Co-Listing Agent in 2013

    Anthony Baca

    Coastal NC Realty Group

    Section Image

  • C

    Buyer's Agent in 2013

    Clarence Gibbs

    Gibbs Realty & Construction, LLC

    (252) 202-5991

    7 Total Sales

    Clarence Gibbs
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 76228

Outer Banks Association of REALTORS®

APN: 012819003

North Carolina Dare County Salvo 27959 Salvo

25999 Colony Dr, Salvo, NC

This home is located at 25999 Colony Dr, Salvo, NC 27972 since 10 September 2012 and is currently estimated at $1,560,201, approximately $393 per square foot. This property was built in 2001. 25999 Colony Dr is a home located in Dare County with nearby schools including Cape Hatteras Elementary School and Cape Hatteras Secondary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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