NOT LISTED FOR SALE

Estimated Value: $490,476 - $519,000

4 Beds
2 Baths
1,236 Sq Ft
$407/Sq Ft Est. Value

Last Sold May 27, 2016

Last sale price $240,000 $194 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $2,825/month

59 Days on Market

Highlights

  • Community Beach Access
  • Coastal Architecture
  • Loft
  • Ocean View
  • Cathedral Ceiling
  • Furnished

About This Home

As of May 2016

This cozy and inviting cottage (one owner) has been well loved and the owners have taken a hands on approach to beach home ownership. Some of the recent updates and improvements include: New Exterior Siding, Windows, Doors, Decking, Cabinets, Silestone Countertops, Wood Laminate Flooring, Carpet and the list goes on. Along with a functional floor plan this home offers cathedral ceilings and large windows which provides a light and airy feel throughout. Nestled away in the oceanside community of Hatteras Colony, direct ocean/beach access is just a short walk away. If you're looking for a beach cottage that's been well cared for, within close proximity to the beach and at a price point that won't break the bank; then look no further!

Last Agent to Sell the Property

Rob Petty

Outer Banks Home Group License #224417 Listed on: 03/02/2016

Last Buyer's Agent

Jonathan Waddill

Surf or Sound Realty - Rodanthe License #237283

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,177

Year Built

  • Built in 1992

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 125 x 80
  • Level Lot
  • Property is zoned S-1

HOA Fees

  • $3 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Coastal Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 1,236 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Bay Window
  • Loft
  • Screened Porch

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Unpaved Parking
  • Paved Parking

Outdoor Features

  • Outdoor Shower
  • Sun Deck
  • Covered Deck
  • Exterior Lighting
  • Storage Shed

Utilities

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

Listing and Financial Details

  • Tax Lot #47

Community Details

Overview

  • Hatteras Colony Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,177

Year Built

Built in 1992

Lot Details

0

HOA Fees

$3 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: Hwy 12 to Salvo, turn onto Colony Drive, look for house on right.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Outside Lighting, Outside Shower, Screened Porch, Storage Shed, Sun Deck
  • Flood Zone: AE
  • Headline: Charming Oceanside Cottage
  • Heated Sq Ft: 1236
  • L V T Date: 03/02/2016
  • Roads: Paved
  • Sale/Rent: For Sale
  • Section: A
  • Waterfront Location: More than 5th row
  • Zoning: S-1
  • Deed Book Pg Number: 0057
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4
  • Countertops: Silestone, Solid Surface
  • Floor Coverings: Carpet, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Bay/Bow Window, Cathedral Ceiling(s), Dryer Connection, Washer Connection
  • Optional Rooms: Loft

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes, Wood
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 80
  • View: Ocean, Sound

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Unpaved

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access, Sound Access
  • Association Fee: Voluntary - Restrictive Covenants May Apply
  • Estimated Annual Fee: 30
  • Home Owner Dwelling Insurance: 1500

Lot Info

  • Estimated Lot Sq Ft: 10000
  • Lot Description: Level
  • Lot Size: 125 x 80
  • Lot Number: Lot#47
  • Deed Book: 1551

Rental Info

  • Est Annual Rental Income: 16949
  • Estimated Rental Performance: 0.0706
  • Flood Expenses: 500
  • Lease Terms: Weekly
  • Other Expenses: 260
  • Other Expenses2: 150
  • Rental Co: Midgett Realty
  • Rental Cottage Name: Searenity
  • Rental Cottage Number: SA47A
  • Rental Phone Number: 252-986-2841
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 880
  • Annual Electric: 1300
  • Annual Telephone Expense: 1000
  • Annual Water Expense: 300

Building Info

  • Year Built: 1992

Tax Info

  • Year: 2015
  • Taxes: 1177

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2022
Sold by
Robey Michael P
Bought by
Jones Ryan
Total Days on Market
59
Current Estimated Value
$503,619

Purchase Details

Listed on
Mar 2, 2016
Closed on
May 24, 2016
Sold by
Ciro John Joseph and Ciro Kathleen L
Bought by
Robey Michael R and Robey Lorri A
Seller's Agent
Rob Petty
Outer Banks Home Group
Buyer's Agent
Jonathan Waddill
Surf or Sound Realty - Rodanthe
List Price
$249,500
Sold Price
$240,000
Premium/Discount to List
-$9,500
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.53%
Original Mortgage
$192,000
Interest Rate
3.66%
Mortgage Type
New Conventional
Source: Public Records

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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
Jones Ryan $2,250,000 Evans & Meads Pllc
Robey Michael R $240,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Robey Michael R $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2016 05/27/16 Sold $240,000 -3.8% $194 / Sq Ft
04/30/2016 04/30/16 Pending -- -- --
03/02/2016 03/02/16 For Sale $249,500 -- $202 / 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 $1,795 $276,000 $85,000 $191,000
2023 $1,105 $283,640 $85,000 $198,640
2022 $1,710 $283,640 $85,000 $198,640
2021 $1,681 $283,640 $85,000 $198,640
2020 $1,677 $283,640 $85,000 $198,640
2019 $1,303 $182,900 $62,900 $120,000
2018 $1,303 $182,900 $62,900 $120,000
2017 $1,303 $182,900 $62,900 $120,000
2016 $1,216 $182,900 $62,900 $120,000
2014 $1,177 $182,900 $62,900 $120,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 91391

Outer Banks Association of REALTORS®

APN: 013149000