NOT LISTED FOR SALE

26229 Cutlass Ln Salvo, NC 27972

Salvo Neighborhood

Estimated Value: $1,020,000 - $1,291,000

5 Beds
8 Baths
3,963 Sq Ft
$295/Sq Ft Est. Value

Last Sold September 10, 2021

Last sale price $890,000 $225 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,857/month

15 Days on Market

Highlights

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

About This Home

As of September 2021

THIS ONE IS A WOW!!! If you are looking for the perfect vacation home/investment opportunity, look no further than "Freebird"!! This beautifully designed and decorated property has everything you could ask for in a vacation home...and MORE!! Perfectly located in the quiet and charming Hatteras Colony subdivision in Salvo, "Freebird" is just steps from the beach (and the local ice cream shop!) and minutes from all the shopping, dining and entertainment that the tri-villages has to offer. Not that you would ever need to leave....this home has every amenity you could think of - incredible private pool; pool side tiki bar with sink, ice machine and mini-fridge; cabana bathroom and outdoor shower; pool side speakers; covered decks; sun decks; LARGE bedrooms; game room with wet bar featuring a full refrigerator and microwave; mid-level laundry room and den; incredible great room with cathedral ceilings and gas fireplace; an amazing kitchen with double sinks, breakfast bar, gas cooktop and DOUBLE wall ovens; stunning master suite with a 4' x 5' doubled headed shower and separate jacuzzi tub; a loft for even MORE space; an elevator to access it all; and beautiful sound AND ocean views!! What more could you possibly ask for? No wonder this property is such a stellar rental performer with more than $89K already booked for 2021!! Just like its namesake, "Freebird" is a classic! Don't let this one get away...come and visit today!!

Last Agent to Sell the Property

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 06/14/2021

Last Buyer's Agent

Liz Midgett

Midgett Realty - Avon License #221798

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,370

Year Built

  • Built in 2005

Lot Details

  • 0.25 Acre Lot
  • Ocean Front
  • Corner Lot
  • Level Lot

HOA Fees

  • $3 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

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

Interior Spaces

  • 3,963 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Loft
  • Game Room
  • Screened Porch

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • 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

  • 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 59

Community Details

Overview

  • John Griffin Association, Phone Number (252) 987-2332
  • Hatteras Colony Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,370

Year Built

Built in 2005

Lot Details

0

HOA Fees

$3 per month

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, Sun Deck, Tiki Bar, Dry Entry, Inside Laundry Room
  • Flood Zone: AE
  • Subdivision Name: Hatteras Colony Sec D
  • Headline: SEMI OCEANFRONT STUNNER!!!
  • Heated Sq Ft: 3963
  • L V T Date: 06/14/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: D
  • Waterfront Location: Semi-Oceanfront (2nd row)
  • Zoning: Res
  • Advertised Income 2020: 81760
  • Advertised Income 2021: 89584
  • Deed Book Pg Number: 0357
  • 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: Countertop Range, Dishwasher, Dryer, Ice Machine, Microwave, Refrigerator w/Ice Maker, Wall Oven, Washer, 2nd Refrigerator
  • Bedrooms: 5
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl, Wood Laminate, Plank
  • Foundation: Piling
  • Full Bathrooms: 6
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Ensuite, Some Windows Treated, Wet Bar
  • Optional Rooms: Game Room, Loft
  • Partial Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Parking: Paved, Off Street

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

  • Association Amenities: Ocean Access
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 35
  • Hoa Contact: John Griffin
  • HOA Contact: 252-987-2332

Lot Info

  • Estimated Lot Sq Ft: 11000
  • Lot Description: Corner, Level
  • Lot Number: Lot 59
  • Estimated Lot Size: 0.25
  • Deed Book: 1876

Rental Info

  • Est Annual Rental Income: 83575
  • Estimated Rental Performance: 0.0939
  • Lease Terms: Weekly
  • Rental Co: Surf or Sound Realty
  • Rental Cottage Name: Freebird
  • Rental Cottage Number: 460
  • Rental Turnover Day: Saturday
  • Rental Contact Email: kimberley@surforsound.com
  • Rental Contact Name: Kimberley Hutton

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2020
  • Taxes: 4370.47

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2021
Closed on
Aug 16, 2021
Sold by
Thomas Michael L and Thomas Patricia F
Bought by
Sopkie Steven M and Sopkie Susan M
Seller's Agent
Trisha Midgett
Midgett Realty - Rodanthe
Buyer's Agent
Liz Midgett
Midgett Realty - Avon
List Price
$930,000
Sold Price
$890,000
Premium/Discount to List
-$40,000
-4.3%
Current Estimated Value
$1,170,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,183
Avg. Annual Appreciation
7.25%
Original Mortgage
$550,000
Outstanding Balance
$504,802
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$665,381

Purchase Details

Closed on
Jul 19, 2011
Sold by
Erlemeier Steven A and Erlemeier Kelly L
Bought by
Thomas Michael L and Pape Arthur F

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
4.38%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Sopkie Steven M $890,000 None Available
Thomas Michael L $570,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sopkie Steven M $550,000
Previous Owner Thomas Michael L $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2021 09/10/21 Sold $890,000 -4.3% $225 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
06/14/2021 06/14/21 For Sale $930,000 -- $235 / 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 $4,691 $716,400 $151,300 $565,100
2023 $4,529 $739,004 $151,300 $587,704
2022 $4,455 $739,004 $151,300 $587,704
2021 $4,381 $739,004 $151,300 $587,704
2020 $4,370 $739,004 $151,300 $587,704
2019 $4,927 $687,500 $151,000 $536,500
2018 $4,927 $687,500 $151,000 $536,500
2017 $4,927 $687,500 $151,000 $536,500
2016 $4,597 $687,500 $151,000 $536,500
2014 $4,597 $687,500 $151,000 $536,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 114816

Outer Banks Association of REALTORS®

APN: 012964000