NOT LISTED FOR SALE

26225 Cutlass Ln Salvo, NC 27972

Estimated Value: $939,584 - $3,861,000

5 Beds
6.5 Baths
3,315 Sq Ft
$507/Sq Ft Est. Value

Sale Details

Date Sold: May 23, 2022

Last sale price $865,000 $261 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $9,380 / mo

32 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Coastal Architecture
  • Beach Access
  • Second Refrigerator
  • Cathedral Ceiling

About This Home

As of May 2022

If you are looking for the perfect vacation home or investment opportunity, look no further than "Pearl by the Sea". This gem of a home boasts the perfect location - just steps from the beach in the beautiful and quiet Hatteras Colony subdivison of Salvo, while just minutes from the walking path, soundside day beach and all the shopping, dining an entertainment that the tri-villages have to offer!. The amenities abound - private pool with trek decking; outside shower; elevator; hot tub; first level game room with wet bar (with a full refrigerator and microwave!); covered decks; sun decks; LARGE bedrooms; screened porch; open top level with cathedral ceilings; well planned kitchen with TWO dishwashers - the list is nearly endless! No wonder this property is such a solid rental performer with more than $81K already on the books for 2022! Don't miss this opportunity! Come and find your "Pearl by the Sea"...visit today!!

Last Agent to Sell the Property

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 03/11/2022

Last Buyer's Agent

Cheryl White

Century 21 Nachman Realty License #198203

Century 21 Nachman Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,764

Year Built

  • Built in 2005

Lot Details

  • 11,500 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 3,315 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Electric Fireplace
  • Window Treatments
  • Game Room
  • Screened Porch
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

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

Pool

  • In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Beach Access
  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

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

Community Details

  • Hatteras Colony Subdivision

Listing and Financial Details

  • Tax Lot 58

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,764

Year Built

Built in 2005

Lot Details

0.26 Acres

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck, Dry Entry
  • Flood Zone: AE
  • Subdivision Name: Hatteras Colony Sec D
  • Headline: "Pearl by the Sea"
  • Heated Sq Ft: 3315
  • L V T Date: 03/11/2022
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: D
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: Res
  • Advertised Income 2020: 55298
  • Advertised Income 2021: 70270
  • Advertised Income 2022: 81030
  • Deed Book Pg Number: 0127
  • 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, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 5
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Ice Maker Connection, Ensuite, Wet Bar, Electric Fireplace
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

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

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Electric, Forced Air, Heat Pump
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 11500
  • Lot Description: Level
  • Lot Number: Lot 58
  • Estimated Lot Size: 0.26
  • Deed Book: 1901

Rental Info

  • Est Annual Rental Income: 59370
  • Estimated Rental Performance: 0.0686
  • Lease Terms: Weekly
  • Rental Co: Surf or Sound Realty
  • Rental Cottage Name: Pearl by the Sea
  • Rental Cottage Number: 474
  • Rental Contact Email: kimberley@surforsound.com
  • Rental Contact Name: Kimberley Hutton

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2021
  • Taxes: 3764.49

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2022
Closed on
May 17, 2022
Sold by
Fogarty John P
Bought by
Roberts Ronald R and Roberts Cheryl D
Seller's Agent
Trisha Midgett
Midgett Realty - Rodanthe
Buyer's Agent
Cheryl White
Century 21 Nachman Realty
List Price
$929,000
Sold Price
$865,000
Premium/Discount to List
-$64,000
-6.89%
Current Estimated Value
$1,680,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$815,646
Avg. Annual Appreciation
18.83%
Original Mortgage
$692,000
Outstanding Balance
$656,740
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$1,023,906

Purchase Details

Listed on
Feb 6, 2012
Closed on
Jun 20, 2012
Sold by
Mccourt Martin and Mccourt Tricia H
Bought by
Fogarty John P and Fogarty Kristen J Koletar
Seller's Agent
Rob Petty
Outer Banks Home Group
Buyer's Agent
Rob Petty
Outer Banks Home Group
List Price
$464,900
Sold Price
$440,000
Premium/Discount to List
-$24,900
-5.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.05%
Original Mortgage
$280,000
Interest Rate
3.86%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Roberts Ronald R $4,325,000 Evans & Meads Pllc
Fogarty John P $440,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roberts Ronald R $692,000
Previous Owner Fogarty John P $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/23/2022 05/23/22 Sold $865,000 -3.4% $261 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
04/06/2022 04/06/22 Price Changed $895,000 -3.7% $270 / Sq Ft
03/11/2022 03/11/22 For Sale $929,000 +111.1% $280 / Sq Ft
06/22/2012 06/22/12 Sold $440,000 -5.4% $133 / Sq Ft View Prior Sale
05/09/2012 05/09/12 Pending -- -- --
02/06/2012 02/06/12 For Sale $464,900 -- $141 / Sq Ft
Source: Outer Banks Association of REALTORS®

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
2025 $3,945 $888,900 $207,500 $681,400
2024 $4,019 $616,000 $140,100 $475,900
2023 $3,892 $635,036 $140,100 $494,936
2022 $3,828 $635,036 $140,100 $494,936
2021 $3,764 $635,036 $140,100 $494,936
2020 $3,756 $635,036 $140,100 $494,936
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 117961

Outer Banks Association of REALTORS®

APN: 012963000

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