NOT LISTED FOR SALE

26204 Merrimac Ln Salvo, NC 27972

Salvo Neighborhood

Estimated Value: $527,000 - $917,000

4 Beds
3.5 Baths
2,250 Sq Ft
$314/Sq Ft Est. Value

Last Sold February 21, 2014

Last sale price $275,000 $122 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $3,956/month

164 Days on Market

Highlights

  • Ocean View
  • Rooftop Deck
  • Furnished
  • Spa
  • Cathedral Ceiling
  • Game Room

About This Home

As of February 2014

# 1 Island Hideaway is a beautiful well maintained 4BR/3.5BA turn-key vacation home. The great room has cathedral ceilings, gas fireplace, lovely furnishings and spacious dining area. The kitchen is lined out with plenty of cabinets & pantry just waiting for the gourmet in the group to get creative. The screened porch is conveniently located off the great room along with open deck leading to the roof top deck for ocean to sound views! Two bedrooms (including the master) have doors out to a covered deck w/ porch swing and hammock. The private pool and hot tub are located right off the game room with pool table. This is a great vacation hideaway and only a short walk to the beach.

Last Agent to Sell the Property

Rita Dwight

Surf or Sound Realty - Avon License #187702 Listed on: 09/09/2013

Co-Listed By

Steven Dwight

Default, Office License #187703

Last Buyer's Agent

April Contestable

Brindley Beach Vacations & Sal License #190635

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,329

Year Built

  • Built in 2001

Lot Details

  • 10,000 Sq Ft Lot

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

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

Interior Spaces

  • 2,250 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Game Room
  • Screened Porch

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Spa
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Sun Deck
  • Rooftop Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Hatteras Colony Subdivision

Listing and Financial Details

  • Tax Lot 48/Sec C

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,329

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Cottage
  • Extras: Ceiling Fan(s), Covered Decks, Hot Tub, Outside Lighting, Outside Shower, Screened Porch, Sun Deck, Roof Top Deck
  • Flood Zone: AE
  • Subdivision Name: Hatteras Colony Amended Sec C
  • Headline: Short sale with pool!
  • Heated Sq Ft: 2250
  • Potential Short Sale: Yes
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: C
  • Zoning: Res
  • Deed Book Pg Number: 0376
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Fireplace, Ensuite
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

  • Cooling: Central
  • Heating: Central, Electric
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Home Owner Dwelling Insurance: 5599

Lot Info

  • Estimated Lot Sq Ft: 10000
  • Lot Number: Lot 48/Sec C
  • Deed Book: 1528

Rental Info

  • Est Annual Rental Income: 28405
  • Estimated Rental Performance: 0.1033
  • Flood Expenses: 484
  • Lease Terms: Weekly
  • Rental Co: Surf or Sound Realty
  • Rental Cottage Name: # 1 Island Hideaway
  • Rental Cottage Number: 273
  • Rental Phone Number: 252-995-5801
  • Rental Turnover Day: Sat

Building Info

  • Year Built: 2001

Tax Info

  • Year: 2013
  • Taxes: 2329

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2013
Closed on
Feb 14, 2014
Sold by
Prolog Henry K and Frank Lisa A
Bought by
Crowe Edward K and Crowe Christine
Seller's Agent
Rita Dwight
Surf or Sound Realty - Avon
Buyer's Agent
April Contestable
Brindley Beach Vacations & Sal
List Price
$359,000
Sold Price
$275,000
Premium/Discount to List
-$84,000
-23.4%
Current Estimated Value
$706,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$431,720
Avg. Annual Appreciation
8.43%
Original Mortgage
$206,250
Outstanding Balance
$157,114
Interest Rate
4.55%
Mortgage Type
New Conventional
Estimated Equity
$549,606
Source: Public Records

Range of Values:

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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
Crowe Edward K $1,650,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crowe Edward K $206,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2014 02/21/14 Sold $275,000 -23.4% $122 / Sq Ft
02/20/2014 02/20/14 Pending -- -- --
09/09/2013 09/09/13 For Sale $359,000 -- $160 / 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 $2,509 $384,700 $90,000 $294,700
2023 $2,430 $396,488 $90,000 $306,488
2022 $2,390 $396,488 $90,000 $306,488
2021 $2,350 $396,488 $90,000 $306,488
2020 $2,345 $396,488 $90,000 $306,488
2019 $2,495 $349,100 $94,800 $254,300
2018 $2,504 $349,100 $94,800 $254,300
2017 $2,495 $349,100 $94,800 $254,300
2016 $2,329 $349,100 $94,800 $254,300
2014 $2,329 $349,100 $94,800 $254,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 80493

Outer Banks Association of REALTORS®

APN: 013012000