NOT LISTED FOR SALE

26163 Otter Way Salvo, NC 27972

Salvo Neighborhood

Estimated Value: $788,000 - $879,154

6 Beds
5.5 Baths
3,204 Sq Ft
$261/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $778,571 $243 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,740/month

3 Days on Market

Highlights

  • Private Dock
  • Beach Access
  • Heated In Ground Pool
  • Views of a Sound
  • Home fronts a sound
  • Second Refrigerator

About This Home

As of April 2022

Whether you are looking for the perfect year round residence, vacation home or investment opportunity, you do NOT want to miss this beautifully decorated and maintained 6 bedroom, 5 full and 1 half bath home in the Wind Over Waves subdivision of Salvo!! This is the perfect location - just a stroll to the beach, steps from the community boat ramp, walking pier and sound access and minutes from all the shopping, dining and entertainment that the tri-villages have to offer. The amenities this home has to offer are nearly endless - heated private pool; hot tub; LARGE 19500 sq ft lot; UNBELIEVABLE sound views; game room with wet bar boasting a full size refrigerator; lower level sitting room (with ANOTHER wet bar); sun decks; covered decks; open upper level with cathedral ceilings and cozy gas fireplace; upper level master with built-ins and ensuite with jacuzzi tub; beautiful well-appointed kitchen with breakfast bar and views, views, VIEWS!! While not currently in a rental program, this property has previously been a stellar rental performer with ROI of more than 10%!! In fact, 2022 rental projection shows income of more than $80K!! This is an opportunity you do NOT want to miss...come and visit today!!

Last Agent to Sell the Property

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 03/08/2022

Last Buyer's Agent

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 03/08/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,889

Year Built

  • Built in 2003

Lot Details

  • 0.45 Acre Lot
  • Home fronts a sound
  • Property fronts a private road
  • Level Lot
  • Property is zoned S1

HOA Fees

  • $48 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,204 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Game Room
  • Screened Porch
  • Views of a Sound

Kitchen

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

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Washer

Parking

  • Tuck Under Parking
  • Paved Parking
  • Off-Street Parking

Pool

  • Heated In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Beach Access
  • Sun Deck
  • Private Dock
  • Covered Deck
  • Exterior Lighting
  • Storage Shed

Utilities

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

Listing and Financial Details

  • Tax Lot 20

Community Details

Overview

  • Association fees include common insurance, grounds maintenance, management, road maintenance, walkways
  • Tom Amatucci Association, Phone Number (443) 928-8007
  • Wind Over Waves Subdivision

Recreation

  • Boat Dock
  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,889

Year Built

Built in 2003

Lot Details

0

HOA Fees

$48 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Screened Porch, Storage Shed, Sun Deck, Boat Dock, Dry Entry, Inside Laundry Room
  • Flood Zone: AE
  • Subdivision Name: Wind Over Waves - Phase 2
  • Headline: ROI OF MORE THAN 10%!!
  • Heated Sq Ft: 3204
  • L V T Date: 03/08/2022
  • Phase: 2
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Semi-Soundfront
  • Zoning: S1
  • Deed Book Pg Number: 0900
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C0569
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 6
  • Electronic Locks: Owned
  • Floor Coverings: Carpet, Ceramic Tile, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Ensuite, Wet Bar
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Sound

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street, Under

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Insurance, Grounds Maintenance, Management, Road Maintenance, Walkways
  • Association Amenities: Boat Ramp, Sound Access, Board Walk
  • Association Fee: Yes
  • Estimated Annual Fee: 572
  • Hoa Contact: Tom Amatucci
  • HOA Contact: 443-928-8007

Lot Info

  • Estimated Lot Sq Ft: 19500
  • Lot Description: Level
  • Lot Number: Lot 20
  • Estimated Lot Size: 0.45
  • Deed Book: 2184

Building Info

  • Year Built: 2003

Tax Info

  • Year: 2021
  • Taxes: 2889.31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2017
Sold by
Butler Michael and Butler Jennifer
Bought by
Healy Gary A and Healy Rebecca S
Current Estimated Value
$836,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Outstanding Balance
$283,704
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$552,681

Purchase Details

Closed on
Dec 21, 2009
Sold by
Avant Roy E and Avant Kathy I
Bought by
Butler Michael and Butler Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,600
Interest Rate
4.68%
Mortgage Type
New Conventional
Source: Public Records

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
Healy Gary A $7,000 None Available
Butler Michael $357,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Healy Gary A $340,000
Previous Owner Butler Michael $285,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $778,571 -2.6% $243 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $799,000 -- $249 / 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 $3,084 $487,400 $62,200 $425,200
2023 $2,987 $487,400 $62,200 $425,200
2022 $2,938 $487,400 $62,200 $425,200
2021 $2,889 $487,400 $62,200 $425,200
2020 $3,189 $539,206 $62,200 $477,006
2019 $2,887 $401,500 $60,200 $341,300
2018 $2,887 $401,500 $60,200 $341,300
2017 $2,899 $401,500 $60,200 $341,300
2016 $2,694 $401,500 $60,200 $341,300
2014 -- $401,500 $60,200 $341,300
Source: Public Records

Agents Affiliated with this Home

  • Trisha Midgett

    Seller's Agent in 2022

    Trisha Midgett

    Midgett Realty - Rodanthe

    (252) 996-0124

    150 in this area

    1,242 Total Sales

    Trisha Midgett
    Section Image

  • J

    Buyer Co-Listing Agent in 2022

    John Mills

    Midgett Realty - Rodanthe

    (252) 489-3215

    26 in this area

    211 Total Sales

    John Mills
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 117906

Outer Banks Association of REALTORS®

APN: 012821057

North Carolina Dare County Salvo Salvo

26163 Otter Way, Salvo, NC

This home is located at 26163 Otter Way, Salvo, NC 27972 since 08 March 2022 and is currently estimated at $836,385, approximately $261 per square foot. This property was built in 2003. 26163 Otter Way 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.
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