NOT LISTED FOR SALE

27204 Spritsail Ct Salvo, NC 27972

Salvo Neighborhood

Estimated Value: $882,000 - $1,401,000

6 Beds
7.5 Baths
3,358 Sq Ft
$354/Sq Ft Est. Value

Last Sold January 27, 2020

Last sale price $772,000 $230 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $6,819/month

142 Days on Market

Highlights

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

About This Home

As of January 2020

Designed and built in 2006, Shore's Heaven has everything you need for the perfect vacation home!! With an open-reverse floor plan (great room with kitchen, eating area, and sitting area + master bedroom/bathroom) on the top floor and four large bedrooms on the middle floor, there's room for the entire family! Each floor is accessible by elevator and has either a covered deck or sun deck highlighting vast views of the sound and ocean -- sunrise to sunset!! The great room houses a fully equipped kitchen complete with an additional dishwasher and ample counter space for food preparation. The adjoining living room boasts ocean views through oversized windows -- bringing plenty of natural light into the home. A propane fireplace acts as the center piece to the room for those chilly Fall nights. Every bedroom in the home is a master with private bath. Four bedrooms have king beds, one twin bedroom, and one with a pyramid bed and trundle on the entry level/game room. There are also two additional bathrooms -- a full between the top floor and middle floor, and a half bathroom off of the game room. Game room includes a pool table, refrigerator & microwave, with access via the dry entry leading from the carport. With exterior features such as a private heated pool and hot tub, full volleyball court, outdoor shower, additional storage, and the beach access just a mere 100 yards away, this home is fully equipped and positioned to entertain!! This property offers incredible rental opportunities. Averaging more than $90K per year (34 weeks with $94K in rents for 2019!) and with more than $44K in advance bookings for 2020 - this property is a winner! Call today to make it yours!! More details on "Shore's Heaven" can be found here: https://www.shoresheaven.com/ In October 2019, roof was replaced and 2 new dishwashers

Last Agent to Sell the Property

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 07/08/2019

Last Buyer's Agent

Pam Schrage

The Real Estate Group Carolina Properties License #284090

The Real Estate Group Carolina Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,547

Year Built

  • Built in 2005

Lot Details

  • 0.34 Acre Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Level Lot

HOA Fees

  • $67 Monthly HOA Fees

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

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

Interior Spaces

  • 3,358 Sq Ft Home
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Loft
  • Game Room
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Plumbed For Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

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

Utilities

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

Community Details

  • Ed Johnstonbaugh Association
  • South Beach Subdivision

Listing and Financial Details

  • Tax Lot 21

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,547

Year Built

Built in 2005

Lot Details

0

HOA Fees

$67 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Jet Tub, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck, Dry Entry, Inside Laundry Room
  • Flood Zone: AE
  • Heated Sq Ft: 3358
  • L V T Date: 07/08/2019
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: Res
  • Deed Book Pg Number: 488
  • 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, Ice Machine, Microwave, Range/Oven, Refrigerator, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 6
  • Countertops: Granite
  • Floor Coverings: Carpet, Tile, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 7
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Some Windows Treated, Washer Connection
  • Optional Rooms: Game Room, Loft
  • Partial Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Association Fee: Yes
  • Estimated Annual Fee: 800
  • Hoa Contact: Ed Johnstonbaugh
  • HOA Contact: exjll@psu.edu

Lot Info

  • Estimated Lot Sq Ft: 15000
  • Lot Description: Cul-de-sac, Level
  • Lot Number: Lot 21
  • Estimated Lot Size: 0.34
  • Deed Book: 1618

Rental Info

  • Est Annual Rental Income: 95140
  • Estimated Rental Performance: 0.1232
  • Lease Terms: Weekly
  • Rental Co: VRBO
  • Rental Cottage Name: Shore's Heaven
  • Rental Cottage Number: 127174
  • Rental Turnover Day: Sunday

Building Info

  • Year Built: 2005

Tax Info

  • Year: 2018
  • Taxes: 4547.19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2019
Closed on
Jan 20, 2020
Sold by
Spaventa Daniel J and Spaventa Janet M
Bought by
Kannapiran Vino B and Babu Jennifer
Seller's Agent
Trisha Midgett
Midgett Realty - Rodanthe
Buyer's Agent
Pam Schrage
The Real Estate Group Carolina Properties
List Price
$839,000
Sold Price
$772,000
Premium/Discount to List
-$67,000
-7.99%
Current Estimated Value
$1,188,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,806
Avg. Annual Appreciation
8.35%
Original Mortgage
$579,000
Interest Rate
3.74%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Feb 23, 2005
Sold by
Adams Rhae W and Adams Patricia A
Bought by
Spaventa Daniel J and Spaventa Janel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$884,000
Interest Rate
5.6%
Mortgage Type
Assumption
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
Kannapiran Vino B $772,000 None Available
Spaventa Daniel J $470,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vedachalam Suresh $548,250
Closed Kannapiran Vino B $579,000
Previous Owner Spavent Daniel J $100,000
Previous Owner Spaventa Daniel J $884,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2020 01/27/20 Sold $772,000 -3.4% $230 / Sq Ft
11/27/2019 11/27/19 Pending -- -- --
10/17/2019 10/17/19 Price Changed $799,000 -4.8% $238 / Sq Ft
07/08/2019 07/08/19 For Sale $839,000 -- $250 / 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 $5,010 $769,400 $210,600 $558,800
2023 $4,852 $791,752 $210,600 $581,152
2022 $4,773 $791,752 $210,600 $581,152
2021 $4,707 $791,752 $210,600 $581,152
2020 $4,682 $791,752 $210,600 $581,152
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 105763

Outer Banks Association of REALTORS®

APN: 031137000