NOT LISTED FOR SALE

26904 Colony Dr Salvo, NC 27972

Estimated Value: $633,440 - $742,000

5 Beds
3.5 Baths
2,446 Sq Ft
$289/Sq Ft Est. Value

Sale Details

Date Sold: February 24, 2020

Last sale price $380,000 $155 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $3,895 / mo

92 Days on Market

Highlights

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

About This Home

As of February 2020

Whether you are looking for a year round residence, vacation home or investment opportunity, "Jake's Wake" is for you! This 5 bedroom, 3 1/2 bath home offers sound and ocean views. Enjoy fun in the sun at the beach (just a quick walk away) or at your own private pool. Enjoy the hot tub or shoot some hoops in the driveway. Indoors, enjoy the game room on the first floor with a wet bar and foosball. The top level offers an open, spacious living area, fully equipped kitchen, and large dining space - perfect for entertaining all your family and friends! Take a step out to the outside sun deck and enjoy the ocean view and sunsets over the sound. This home has a LOT to offer. No wonder it is such a solid rental performer with ROI of more than 11%. Come and visit today!!

Last Agent to Sell the Property

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 10/14/2019

Last Buyer's Agent

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 10/14/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,294

Year Built

  • Built in 2003

Lot Details

  • 14,500 Sq Ft Lot
  • Level Lot

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

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

Interior Spaces

  • 2,446 Sq Ft Home
  • Wet Bar
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Window Treatments
  • Game Room
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Paved 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
  • Municipal Utilities District Water
  • Private or Community Septic Tank

Community Details

  • Hatteras Colony Subdivision

Listing and Financial Details

  • Tax Lot 50

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,294

Year Built

Built in 2003

Lot Details

0.33 Acres

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck
  • Flood Zone: AE
  • Heated Sq Ft: 2446
  • L V T Date: 10/14/2019
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: A
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Advertised Income 2020: 34420
  • Deed Book Pg Number: 255
  • 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, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Refrigerator
  • Bedrooms: 5
  • Countertops: Laminate
  • Floor Coverings: Ceramic Tile, Vinyl, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, All Window Treatments, Ensuite, Wet Bar
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Parking: Paved, Under

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 14500
  • Lot Description: Level
  • Lot Number: Lot 50
  • Estimated Lot Size: 0.33
  • Deed Book: 1609

Rental Info

  • Est Annual Rental Income: 45886
  • Estimated Rental Performance: 0.1208
  • Lease Terms: Weekly
  • Rental Co: Surf or Sound Realty
  • Rental Cottage Name: Jake's Wake
  • Rental Cottage Number: 713
  • Rental Turnover Day: Saturday

Building Info

  • Year Built: 2003

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2019
  • Taxes: 2293.94

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2019
Closed on
Feb 19, 2020
Sold by
Jacobsen James B and Jacobsen Twyla M
Bought by
Gay David R and Gay Carpenter
Seller's Agent
Trisha Midgett
Midgett Realty - Rodanthe
Buyer's Agent
Trisha Midgett
Midgett Realty - Rodanthe
List Price
$405,000
Sold Price
$380,000
Premium/Discount to List
-$25,000
-6.17%
Current Estimated Value
$706,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$326,610
Avg. Annual Appreciation
10.65%
Original Mortgage
$323,000
Outstanding Balance
$283,541
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$423,069

Purchase Details

Closed on
Jan 3, 2005
Sold by
Relative Properties Llc
Bought by
Jacobsen James N and Jacobsen Twyla M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,500
Interest Rate
5.71%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
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
Gay David R $380,000 None Available
Jacobsen James N $599,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gay David R $323,000
Previous Owner Jacobsen James N $119,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2020 02/24/20 Sold $380,000 -4.8% $155 / Sq Ft
01/14/2020 01/14/20 Pending -- -- --
12/09/2019 12/09/19 Price Changed $399,000 -1.5% $163 / Sq Ft
10/14/2019 10/14/19 For Sale $405,000 -- $166 / 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 $1,479 $665,100 $116,800 $548,300
2024 $2,487 $381,500 $94,600 $286,900
2023 $2,408 $392,976 $94,600 $298,376
2022 $2,369 $392,976 $94,600 $298,376
2021 $2,336 $392,976 $94,600 $298,376
2020 $2,324 $392,976 $94,600 $298,376
2019 $2,384 $332,600 $70,000 $262,600
2018 $2,384 $332,600 $70,000 $262,600
2017 $2,384 $332,600 $70,000 $262,600
2016 $2,225 $332,600 $70,000 $262,600
2014 $2,225 $332,600 $70,000 $262,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 106936

Outer Banks Association of REALTORS®

APN: 013152000

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