NOT LISTED FOR SALE

Estimated Value: $986,000 - $1,449,000

5 Beds
4.5 Baths
2,642 Sq Ft
$467/Sq Ft Est. Value

Last Sold July 16, 2018

Last sale price $715,000 $271 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $7,086/month

74 Days on Market

Highlights

  • Beach Front
  • Spa
  • Cathedral Ceiling
  • Ocean View
  • Coastal Architecture
  • Furnished

About This Home

As of July 2018

Summer Dream is a great ocean front opportunity with an extended dune line and expansive views. A preliminary site plan on file shows there is room to add a pool and boost the rental income. This home already has a consistent rental history with 27 weeks booked in 2017. The ground level offers a bedroom/bathroom and washer dryer with access to a deck and outdoor shower. The mid-level has three bedrooms and two baths with a wrap around deck and hot tub. The third level, main living area has vaulted ceilings with a big and open feel, gas fireplace, 1/2 bath, kitchen/dining area, access to the screen porch and killer views of the ocean from the rear decks. Above all else is a private, top-level master bedroom with vaulted ceilings, bathroom and a small deck to slip out and watch the sunrise. Over the past two years there were three new heat pumps installed, the siding was upgraded to fiber cement in 2014 and there is a Liquid Vinyl product on all exterior trim that has a 20 year transferable warranty. Several window sashes and sliders, plus carpet were updated in 2014. Working on rental projection with pool. Come make "Summer Dream" yours today!

Last Agent to Sell the Property

Trafton Reynolds

NC 12 Realty License #265864 Listed on: 03/19/2018

Co-Listed By

Carla Reynolds

NC 12 Realty License #241562

Last Buyer's Agent

Jennifer Bell

NC 12 Realty License #260665

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,147

Year Built

  • Built in 1999

Lot Details

  • 0.29 Acre Lot
  • Beach Front
  • Unpaved Streets
  • Property is zoned S-1

Parking

  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 2,642 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Screened Porch
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Sun Deck

Utilities

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

Community Details

  • Salvo Beach Subdivision

Listing and Financial Details

  • Tax Lot 26

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,147

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Directions: NC 12 South to Salvo, left on Park Road, left on Ocean Street, home immediately on the right
  • Extras: Beach Access, Ceiling Fan(s), Hot Tub, Screened Porch, Sun Deck
  • Flood Zone: AE
  • Subdivision Name: Salvo Beach No. 1
  • Headline: Great Opportunity!
  • Heated Sq Ft: 2642
  • L V T Date: 03/20/2018
  • Roads: Paved, Unpaved
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: S-1
  • Deed Book Pg Number: 250
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C24757
  • 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, Washer
  • Bedrooms: 5
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl
  • Foundation: Piling
  • Full Bathrooms: 4
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Gas Fireplace
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Lap Siding, Cement Fiber Board
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Parking: Off Street

Utilities

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

Lot Info

  • Estimated Lot Sq Ft: 12500
  • Lot Description: Beach Frontage
  • Lot Number: Lot 26
  • Estimated Lot Size: 0.29
  • Deed Book: 1222

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Outer Beaches Realty
  • Rental Cottage Name: Summer Dream
  • Rental Cottage Number: 364
  • Rental Phone Number: 252-995-4477
  • Rental Turnover Day: Sunday

Building Info

  • Year Built: 1999

Tax Info

  • Year: 2017
  • Taxes: 4146.85

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2018
Closed on
Jul 10, 2018
Sold by
Goudreau Evelyne
Bought by
Puniello Joseph and Puniello Christine M
Seller's Agent
Trafton Reynolds
NC 12 Realty
Buyer's Agent
Jennifer Bell
NC 12 Realty
List Price
$750,000
Sold Price
$715,000
Premium/Discount to List
-$35,000
-4.67%
Current Estimated Value
$1,233,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$518,317
Avg. Annual Appreciation
7.92%
Source: Public Records

Range of Values:

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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
Puniello Joseph $715,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Goudreau Evelyne $205,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2018 07/16/18 Sold $715,000 -4.7% $271 / Sq Ft
06/01/2018 06/01/18 Pending -- -- --
03/19/2018 03/19/18 For Sale $750,000 -- $284 / 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 $5,012 $777,000 $400,100 $376,900
2023 $3,112 $792,076 $400,100 $391,976
2022 $4,775 $792,076 $400,100 $391,976
2021 $4,695 $792,076 $400,100 $391,976
2020 $4,147 $792,076 $400,100 $391,976
2019 $4,147 $586,600 $293,500 $293,100
2018 $0 $586,600 $293,500 $293,100
2017 $4,147 $586,600 $293,500 $293,100
2016 $3,870 $586,600 $293,500 $293,100
2014 $388 $586,600 $293,500 $293,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 99742

Outer Banks Association of REALTORS®

APN: 013260026