NOT LISTED FOR SALE

27243 Park Rd Unit 16 Salvo, NC 27972

Salvo Neighborhood

Estimated Value: $907,000 - $981,909

6 Beds
5.5 Baths
3,848 Sq Ft
$247/Sq Ft Est. Value

Last Sold March 16, 2020

Last sale price $519,000 $135 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $5,429/month

939 Days on Market

Highlights

  • Community Beach Access
  • Concrete Pool
  • Cathedral Ceiling
  • Ocean View
  • Contemporary Architecture
  • Wood Flooring

About This Home

As of March 2020

YOU CAN HAVE IT ALL! "OCEAN'S GATE HAS OVER $52,830 IN 2019 RENTAL INCOME WHILE ONLY RENTING DURING THE SUMMER." I have sold quite a few of these resort Hatteras island homes. However I am extremely partial to my new listing OCEAN'S GATE. Located at the south end of Salvo on quiet Park Rd, OG is within easy walking distance of a wide beach. There has been minimal erosion on this end of the beach. This top of the line resort home has nearly every amenity and was designed and built to withstand the Hatteras weather. With 6 bedrooms, 5.5 baths, pool, elevator, loft, gameroom, and hot tub life at OCEAN'S GATE is grand. OG is in ready to rent condition. Rents are excellent. Owner just replaced ALL THREE of the HVAC air handler units. A $9,000 investment! I am leaving the gate open. Call your favorite Realtor for for a tour.

Last Agent to Sell the Property

Robert Barris

Vacasa North Carolina dba Vacasa - Avon License #105068 Listed on: 06/29/2017

Last Buyer's Agent

Trisha Midgett

Midgett Realty - Rodanthe License #162204

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,326

Year Built

  • Built in 2004

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 100x133x102x139
  • Corner Lot
  • Property is zoned S1

Property Views

  • Ocean
  • Views of a Sound
  • Park or Greenbelt

Home Design

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

Interior Spaces

  • 3,848 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Game Room
  • Screened Porch
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Tuck Under Parking
  • Off-Street Parking

Accessible Home Design

  • Handicap Accessible

Pool

  • Concrete Pool
  • Outdoor Pool
  • Outdoor Shower
  • Spa

Outdoor Features

  • Covered Deck
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 16

Community Details

Overview

  • Salvo Beach Subdivision

Recreation

  • Community Beach Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,326

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Reverse Floor Plan
  • Directions: PARK RD IS ABOUT THE 4TH ROAD ON THE OCEANSIDE BEFORE YOU LEAVE SALVO. HEAD TO THE OCEAN. 3RD BACK FROM THE OCEAN HOME ON LEFT.
  • Extras: Beach Access, Covered Decks, Elevator, Handicap Friendly, Hot Tub, Outside Lighting, Outside Shower, Screened Porch, Smoke Detector(s), Dry Entry
  • Flood Zone: AE
  • Subdivision Name: SALVO BEACH NO 1
  • Headline: POOL HOT TUB ELEVATOR GAME RM
  • Heated Sq Ft: 3848
  • L V T Date: 06/29/2017
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: S1
  • Advertised Income 2020: 17400
  • Deed Book Pg Number: 0437
  • Office License Number: C3830
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher
  • Bedrooms: 6
  • Bedroom 1: XL, On Level: 3
  • Bedroom 2: LG, On Level: 2
  • Bedroom 3: LG, On Level: 2
  • Bedroom 4: LG, On Level: 2
  • Bedroom 5: LG, On Level: 1
  • Bedroom 6: LG, On Level: 1
  • Kitchen: COMBO, On Level: 3
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ensuite, Wet Bar
  • Dining Room: COMBO, On Level: 3
  • Game Room: XL, On Level: 1
  • Living Room: XXL, On Level: 3
  • Optional Rooms: Game Room
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Covered Deck Size: YES
  • Exterior: Lap Siding, Cement Fiber Board
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, Concrete, Heated, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • Screen Porch Size: YES
  • Street Frontage: 233
  • Sun Deck Size: XL
  • View: Ocean, Park Serv/Preserve, Sound

Garage/Parking

  • Garage: Carport
  • Parking: Off Street, Under

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Ocean Access

Lot Info

  • Estimated Lot Sq Ft: 14500
  • Lot Description: Corner
  • Lot Faces: S
  • Lot Size: 100X133X102X139
  • Lot Number: Lot 16
  • Estimated Lot Size: 0.33
  • Deed Book: 1790

Rental Info

  • Lease Terms: Weekly
  • Other Expenses: 144900
  • Rental Co: Vacasa - Hatteras
  • Rental Cottage Name: OCEANS GATE
  • Rental Cottage Number: 16 SB
  • Rental Phone Number: 800-428-8372
  • Rental Turnover Day: SAT
  • Rental Contact Email: TRAFFORD.HILL@HATTERASREALTY.COM
  • Rental Contact Name: TRAFFORD HILL HATTERAS REALTY
  • Rental Contact Phone: 800-428-8372

Building Info

  • Year Built: 2004

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2018
  • Taxes: 4326

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2025
Sold by
Granetzke Craig D and Granetzke Laura A
Bought by
27243 Trust and Coons
Current Estimated Value
$951,477

Purchase Details

Closed on
Sep 29, 2022
Sold by
Molloy Christopher D
Bought by
Granetzke Craig D and Granetzke Laura A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,000
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 29, 2017
Closed on
Feb 28, 2020
Sold by
Hicks Thomas and Hicks Claudia
Bought by
Molly Christopher D and Bradley Edna
Seller's Agent
Robert Barris
Vacasa North Carolina dba Vacasa - Avon
Buyer's Agent
Trisha Midgett
Midgett Realty - Rodanthe
List Price
$599,000
Sold Price
$519,000
Premium/Discount to List
-$80,000
-13.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.70%
Original Mortgage
$415,200
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2009
Sold by
Bank Of America National Association
Bought by
Hicks Thomas and Hicks Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
5.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 2008
Sold by
Patragas Megan and Patragas Joshua
Bought by
Lasalle Bank Na

Purchase Details

Closed on
Jan 8, 2007
Sold by
Eure Lloyd T and Eure Ann R David
Bought by
Parragas Megan A and Patrages Joshua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$798,400
Interest Rate
8.58%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 22, 2005
Sold by
Eure Lloyd T and Eure Ann R Davis
Bought by
Eure Lloyd T and Eure Ann R Davis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
27243 Trust -- None Listed On Document
Granetzke Craig D $5,220,000 --
Molly Christopher D $519,000 None Available
Hicks Thomas $565,000 None Available
Lasalle Bank Na $832,500 None Available
Parragas Megan A $999,000 None Available
Eure Lloyd T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Granetzke Craig D $696,000
Previous Owner Molly Christopher D $415,200
Previous Owner Hicks Thomas $100,000
Previous Owner Hicks Thomas $358,000
Previous Owner Hicks Thomas $410,000
Previous Owner Parragas Megan A $798,400
Previous Owner Eure Lloyd T $540,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2020 03/16/20 Sold $519,000 -1.0% $135 / Sq Ft
01/24/2020 01/24/20 Pending -- -- --
01/23/2020 01/23/20 Price Changed $524,000 -4.6% $136 / Sq Ft
08/29/2019 08/29/19 Price Changed $549,000 -8.3% $143 / Sq Ft
12/17/2018 12/17/18 For Sale $599,000 +15.4% $156 / Sq Ft
10/05/2018 10/05/18 Off Market $519,000 -- --
07/16/2018 07/16/18 Price Changed $599,000 -1.6% $156 / Sq Ft
01/01/2018 01/01/18 Price Changed $609,000 -3.2% $158 / Sq Ft
08/23/2017 08/23/17 Price Changed $629,000 -3.1% $163 / Sq Ft
07/31/2017 07/31/17 Price Changed $649,000 -1.5% $169 / Sq Ft
06/29/2017 06/29/17 For Sale $659,000 -- $171 / 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 $3,421 $523,700 $139,400 $384,300
2023 $3,303 $539,072 $139,400 $399,672
2022 $3,250 $539,072 $139,400 $399,672
2021 $3,205 $539,072 $139,400 $399,672
2020 $3,539 $598,352 $139,400 $458,952
2019 $4,326 $604,300 $144,900 $459,400
2018 $4,326 $604,300 $144,900 $459,400
2017 $4,326 $604,300 $144,900 $459,400
2016 $4,037 $604,300 $144,900 $459,400
2014 $4,037 $604,300 $144,900 $459,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 96956

Outer Banks Association of REALTORS®

APN: 013260016