NOT LISTED FOR SALE

27006 5th St Unit 1 Salvo, NC 27972

Salvo Neighborhood

Estimated Value: $1,129,772 - $1,434,000

7 Beds
9 Baths
3,962 Sq Ft
$326/Sq Ft Est. Value

Last Sold September 24, 2014

Last sale price $549,000 $139 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $7,264/month

510 Days on Market

Highlights

  • Ocean View
  • Home Theater
  • Second Refrigerator
  • Beach Access
  • Heated In Ground Pool
  • Coastal Architecture

About This Home

As of September 2014

$559,000 and Already $61,041 on the Books for 2014 as of 9/7/2014. It's Time to Sell! Fantastic Beach House with Great Ocean View. Pamlico Sound View, too. Multi-Level and Spacious Through-Out. Very Well Maintained. Only One Owner Since Brand-New...and It Shows. Handicap Friendly with Ramp, Wide Hallways & Doorways and the Elevator. Top Floor Great Room with Plenty of Seating, New Upholstered Furnishings, Built-Ins for Entertainment Items and Propane Gas Fireplace. Walls of Windows and Sliding Doors for the Best of the Views. Dining Area with Ample Seating for All. Spacious and Well-Equipped Kitchen for Serving a Crowd...or a Couple. Wide Decks on East and South Sides with Hot Tub on Screened Porch...Perfectly Positioned for Sunsets. Top Level Master Suite Is 13x26 with Bay Window & Window Seat. Mid-Level Has Four More Bedrooms, Each with Its Own Private Bath and Two with Sliding Doors to East-Facing Deck that Connects to South-Facing Deck. First Floor Has Two More Bedrooms, Each with Its Own Private Bath. The "Fun Center" Is also on the First Floor...Media Room with Seating for Six or More, Game Room with Pool Table and Game Table, Almost-Full-Kitchen with Bar, Refrigerator with Icemaker, Microwave and Dishwasher for "Fun Center" and Pool Service. Sliding Door to Big Heated Pool with Wide Concrete Surround for Lounging and Entertaining. Easy-Care Home with Fiber Cement Siding, Vinyl Fencing and Gates, Treated but Unpainted Deck Rails and Lattice. It's a Beauty All Around. Deeded Easement to Beach. Quiet Neighborhood at South End of Salvo. Convenient to Cape Hatteras National Seashore, Salvo Day Use Area on the Pamlico Sound and Some of the Best Fishing, Surfing and Wind-Sporting on the Entire East Coast. This Property Is to Be Placed in an Upcoming Auction. All Bids Should Be Submitted at www.auction.com (void where prohibited). All Auction Properties Are Subject to a 5% Buyer's Premium Pursuant to the Auction Terms & Conditions (minimums will apply).

Last Agent to Sell the Property

Mary-Ruth Reiss

Coldwell Banker Seaside Realty - KDH License #77895 Listed on: 12/20/2012

Coldwell Banker Seaside Realty - KDH

Last Buyer's Agent

Tim Lancsek

Surfside Realty License #210399

Surfside Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,152

Year Built

  • Built in 2004

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 160x120
  • Property fronts a private road
  • Cul-De-Sac
  • Level Lot
  • Property is zoned S-1

Property Views

  • Ocean
  • Views of a Sound
  • Park or Greenbelt

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 3,962 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Bay Window
  • Entrance Foyer
  • Home Theater
  • Game Room
  • Screened Porch
  • Utility Room
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Tuck Under Parking
  • Off-Street Parking

Accessible Home Design

  • Handicap Accessible

Pool

  • Heated In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

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

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,152

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan, Coastal
  • Directions: S End of Salvo, East on Park. N on Fifth. Subject Straight Ahead.
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Handicap Friendly, Hot Tub, Outside Lighting, Outside Shower, Screened Porch, Smoke Detector(s), Sun Deck
  • Flood Zone: AE
  • Headline: Heated Pool, Media Rm, Loaded!
  • Heated Sq Ft: 3962
  • Potential Short Sale: Yes
  • Roads: Private
  • Sale/Rent: For Sale
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: S-1
  • Deed Book Pg Number: 204
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 7
  • Bedroom 1: 13x13'3, On Level: 3
  • Bedroom 2: 13'4x16'8, On Level: 2
  • Bedroom 3: 13'4x16'8, On Level: 2
  • Bedroom 4: 13'3x14'1, On Level: 2
  • Bedroom 5: 13'3x14'1, On Level: 2
  • Bedroom 6: 11'1x12'11, On Level: 1
  • Bedroom 7: 13'3x12'10, On Level: 1
  • Kitchen: 10x16'7, On Level: 3
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Bay/Bow Window, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Pantry, Walk in Closet, Washer Connection
  • Dining Room: 9x16, On Level: 3
  • Game Room: 12'10x28, On Level: 1
  • Living Room: 23x23, On Level: 3
  • Optional Rooms: Foyer, Game Room, Pantry, Utility Room, Media Room
  • Partial Bathrooms: 2
  • Optional Room 1: 10'4x14'1, On Level: 1

Exterior Features

  • Construction: Frame
  • Covered Deck Size: 9' & 10' W
  • Exterior: Cement Fiber Board
  • Pool: Yes
  • Pool Type: Outdoor, In Ground, Custom, Heated
  • Roof: Asphalt/Fiber Shingle
  • Screen Porch Size: 9'6x22
  • Street Frontage: 166
  • Sun Deck Size: 9' & 10' W
  • View: Ocean, Park Serv/Preserve, Sound

Garage/Parking

  • Garage: 3 + Car, Carport
  • Parking: Paved, Off Street, Under

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Oilgas Severed Pre Owner: No Representation
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 19000
  • Lot Description: Cul-de-sac, Level
  • Lot Faces: S
  • Lot Size: 160x120
  • Deed Book: 1633

Rental Info

  • Est Annual Rental Income: 58328
  • Estimated Rental Performance: 0.1062
  • Lease Terms: Weekly
  • Other Expenses: 158900
  • Rental Co: Midgett Realty
  • Rental Cottage Name: La-Z-Daze
  • Rental Cottage Number: SC 006
  • Rental Phone Number: 252-987-2350
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2014
  • Taxes: 4152.22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2012
Closed on
Aug 19, 2014
Sold by
Holland Brian E and Holland Sharon
Bought by
Hession William and Hession Cheryl
Seller's Agent
Mary-Ruth Reiss
Coldwell Banker Seaside Realty - KDH
Buyer's Agent
Tim Lancsek
Surfside Realty
List Price
$945,000
Sold Price
$549,000
Premium/Discount to List
-$396,000
-41.9%
Current Estimated Value
$1,293,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$744,443
Avg. Annual Appreciation
8.05%
Original Mortgage
$439,200
Outstanding Balance
$303,616
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$989,827

Purchase Details

Closed on
May 27, 2005
Sold by
Bates Gary L and Bates Michelle
Bought by
Holland Brian E and Holland Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage
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
Hession William -- Attorney
Holland Brian E $1,165,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hession William $439,200
Previous Owner Holland Brian E $182,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2014 09/24/14 Sold $549,000 -41.9% $139 / Sq Ft
05/14/2014 05/14/14 Pending -- -- --
12/20/2012 12/20/12 For Sale $945,000 -- $239 / 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
2025 $4,786 $1,076,800 $208,700 $868,100
2024 $4,719 $722,900 $152,800 $570,100
2023 $4,570 $745,704 $152,800 $592,904
2022 $4,495 $745,704 $152,800 $592,904
2021 $4,421 $745,704 $152,800 $592,904
2020 $4,410 $745,704 $152,800 $592,904
2019 $4,450 $622,000 $158,900 $463,100
2018 $4,466 $622,000 $158,900 $463,100
2017 $4,466 $622,000 $158,900 $463,100
2016 $4,152 $622,000 $158,900 $463,100
2014 $4,152 $622,000 $158,900 $463,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 77229

Outer Banks Association of REALTORS®

APN: 013287000