$2,350,000
SOLD AUG 23, 2021

27159 Ocean St Salvo, NC 27972

Salvo Neighborhood
8 Beds
11 Baths
4,717 Sq Ft
0.28 Acres

Recently Sold

$498 Per Sq Ft

6% Below List Price

104 Days on Market

Highlights

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

About This Home

As of August 2021

Absolutely stunning oceanfront featuring 8 bedrooms with private baths, dual vanities and tile showers. Amenities include theater room, kids cave, game room with pool table, shuffleboard, arcade game and kitchenette, elevator, private swimming pool with wet deck and inset kiddie pool, and under-house lounge with ping pong table and poolside Tiki bar. Outstanding income producer with over $200,000 in owner rents already on the books for 2021 (as of 3.24.21). Party poolside at the outdoor lounge area with seating around the pool for sunbathing and under the home for shade. The Tiki bar is nearby for relaxing with a snack as you watch the kids in the private pool with wet deck and inset kiddie pool. The luxurious hot tub is mere steps away. Inside on the first level, retreat to the game room with pool table, shuffleboard, arcade game, TV lounge, half bath and kitchenette with full size refrigerator, microwave and ice machine (great for filling up your cooler with ice). Prepare movie theater snacks in the kitchenette and head to the theater room with large flat screen TV and traditional theater seating. Kids will love the “Kids Cave” with kick-back seats and large screen TV. Two king master bedrooms round out this level. Choose from three more king master bedrooms on the mid-level, one with handicap-friendly features. The kids will flip over the pyramid bunk bedroom suite with unique layout - the full bathroom divides the large space into 2 areas each with 2 sets of 2 pyramid bunks (4 bunks in total). Each bunk area has its own large screen TV. A den with sofa, TV and private bath is also located on this level. The final two king master bedrooms are located on the top level of the home. Blue water views captivate as you enter the top-level great room. A variety of gathering areas in the great room and on the expansive decks provide opportunities to relax and converse together or separately. A wrap sofa surrounds the large flat screen TV atop a gas log fireplace. A wet bar is conveniently nearby to serve up coffee and drinks to the group so trips to the kitchen are not necessary. The dining area includes a traditional dining table seating 12. The gourmet kitchen provides ample storage and counterspace for meal preparation and additional dining at the 6-stool island. Furnished with upscale appliances, the chef in the group will appreciate the double wall ovens, 2 dishwashers, and 6-burner electric hooded range…this home is a dream come true and a must see for the discerning investor.

Last Agent to Sell the Property

Rob Petty

Outer Banks Home Group License #224417 Listed on: 03/24/2021

Last Buyer's Agent

Catherine Strachan

Brindley Beach Vacations & Sales-Duck License #246162

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,158

Year Built

  • Built in 2020

Lot Details

  • 0.28 Acre Lot
  • Ocean Front
  • Cul-De-Sac
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Property is zoned S-1

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

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

Interior Spaces

  • 4,717 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Window Treatments
  • Home Theater
  • Game Room
  • Laminate Flooring

Kitchen

  • Built-In Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Unpaved Parking
  • Paved Parking
  • Off-Street Parking

Accessible Home Design

  • Handicap Accessible

Pool

  • Heated In Ground Pool
  • Fiberglass 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
  • Private or Community Septic Tank

Listing and Financial Details

  • Tax Lot 16

Community Details

Overview

  • Built by Forrest Seal
  • Salvo Beach Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,158

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Hwy 12 to Ocean Street, go to end, house on left
  • Extras: Beach Access, Covered Decks, Elevator, Handicap Friendly, Hot Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Sun Deck, Tiki Bar, Dry Entry
  • Flood Zone: AE
  • Headline: Oceanfront Dream Home
  • Heated Sq Ft: 4717
  • L V T Date: 03/24/2021
  • Roads: Paved
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: S-1
  • Advertised Income 2021: 219690
  • Deed Book Pg Number: 0737
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C7816
  • 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, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Countertops: Granite
  • Floor Coverings: Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 9
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Game Room, Home Theater
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: Forrest Seal
  • Construction: Frame, Wood
  • Exterior: Lap Siding, Composite Siding
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Fiberglass, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Sound

Garage/Parking

  • Parking: Paved, Off Street, Unpaved

Utilities

  • Cooling: Central, Heat Pump, Zoned
  • Heating: Central, Heat Pump, Zoned
  • Septic Fee: 600
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Amenities: Ocean Access
  • Home Owner Dwelling Insurance: 7550

Lot Info

  • Estimated Lot Sq Ft: 12000
  • Lot Description: Cul-de-sac, Level
  • Lot Faces: E
  • Lot Number: Lot 16
  • Estimated Lot Size: 0.28
  • Deed Book: 2310

Rental Info

  • Est Annual Rental Income: 219690
  • Estimated Rental Performance: 0.0935
  • Flood Expenses: 767
  • Lease Terms: Weekly
  • Maintenance Expenses: 1713
  • Poolspa Expense: 3507
  • Rental Co: Surf or Sound Realty
  • Rental Cottage Name: Sandy Beach Retreat
  • Rental Cottage Number: 895
  • Rental Phone Number: 252-987-1444
  • Rental Turnover Day: Saturday
  • Yearly Expense Actual Estimate: Actual
  • Annual Cable TV Expense: 2307
  • Annual Electric: 8597
  • Annual Telephone Expense: 901
  • Annual Water Expense: 1540

Building Info

  • Year Built: 2020

Tax Info

  • Year: 2020
  • Taxes: 6158

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2021
Closed on
Aug 20, 2021
Sold by
Mccoy Enc Llc
Bought by
Kohls Laura and Kohls Stephen T
Seller's Agent
Rob Petty
Outer Banks Home Group
Buyer's Agent
Catherine Strachan
Brindley Beach Vacations & Sales-Duck
List Price
$2,495,000
Sold Price
$2,350,000
Premium/Discount to List
-$145,000
-5.81%
Current Estimated Value
$2,273,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$76,771
Avg. Annual Appreciation
-0.82%
Original Mortgage
$1,762,500
Outstanding Balance
$1,609,559
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$663,670

Purchase Details

Listed on
Jan 14, 2019
Closed on
Jun 17, 2019
Sold by
Steenstra Henry J
Bought by
Mccoy Enc Llc
Seller's Agent
Carla Reynolds
NC 12 Realty
Buyer's Agent
Rob Petty
Outer Banks Home Group
List Price
$450,000
Sold Price
$385,000
Premium/Discount to List
-$65,000
-14.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
133.79%
Original Mortgage
$1,210,000
Interest Rate
3.82%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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 Type Sale Price Title Company
Warranty Deed $2,350,000 None Available
Warranty Deed $385,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,762,500 New Conventional
Previous Owner $1,210,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2021 08/23/21 Sold $2,350,000 -5.8% $498 / Sq Ft
07/06/2021 07/06/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $2,495,000 +548.1% $529 / Sq Ft
07/09/2019 07/09/19 Sold $385,000 -14.4% --
03/28/2019 03/28/19 Pending -- -- --
01/14/2019 01/14/19 For Sale $450,000 -- --
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 $8,908 $1,365,100 $396,000 $969,100
2023 $5,467 $1,403,864 $396,000 $1,007,864
2022 $8,463 $1,403,864 $396,000 $1,007,864
2021 $8,322 $1,403,864 $396,000 $1,007,864
2020 $6,159 $1,041,424 $396,000 $645,424
2019 $2,004 $290,500 $290,500 $0
2018 $2,004 $290,500 $290,500 $0
2017 $2,004 $290,500 $290,500 $0
2016 $1,870 $290,500 $290,500 $0
2014 $1,870 $290,500 $290,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 113480

Outer Banks Association of REALTORS®

APN: 014346016