27251 Farrow Dr Salvo, NC 27972
Salvo NeighborhoodEstimated Value: $1,545,000 - $2,197,557
6
Beds
8
Baths
4,026
Sq Ft
$498/Sq Ft
Est. Value
Highlights
- Beach Front
- Home Theater
- Second Refrigerator
- Ocean View
- Concrete Pool
- Coastal Architecture
About This Home
As of November 2021If you are looking for the perfect vacation home or investment property, look no further than Ocean Dream! This well maintained and 6 bedroom, 6 full and 2 half bath ocean front home is located in the Farrow Shores subdivision in Salvo and is within a short distance to popular shops and restaurants. Ocean Dream boasts many amenities—brand new tiki bar; heated private pool; hot tub; game room with kitchenette; theatre room, 6 spacious master bedrooms; elevator; luxury kitchen with stainless appliances; and ocean views from all levels!! Ocean Dream is a strong rental performer with over $179K on the books for 2021 and already booking for 2022! Don't let this one get away...come and visit Ocean Dream today!
Last Agent to Sell the Property
Beach House Brokers, LLC License #302304 Listed on: 03/30/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,956
Year Built
- Built in 2015
Lot Details
- 0.37 Acre Lot
- Beach Front
- Fenced Yard
- Corner Lot
Home Design
- Coastal Architecture
- Contemporary Architecture
- Reverse Style Home
- Slab Foundation
- Frame Construction
- Asphalt Shingled Roof
- Piling Construction
Interior Spaces
- 4,026 Sq Ft Home
- Elevator
- Wet Bar
- Furnished
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Entrance Foyer
- Home Theater
- Game Room
- Ocean Views
- Fire and Smoke Detector
Kitchen
- Built-In Oven
- Built-In Range
- Microwave
- Second Refrigerator
- Ice Maker
- Second Dishwasher
- Granite Countertops
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- En-Suite Primary Bedroom
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- Tuck Under Parking
- Unpaved Parking
- Paved Parking
- Off-Street Parking
Accessible Home Design
- Handicap Accessible
Pool
- Concrete Pool
- Heated In Ground 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
- Fuel Tank
- Private or Community Septic Tank
Community Details
- Farrow Shores Subdivision
- Rental Restrictions
Listing and Financial Details
- Tax Lot 15
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 30, 2021
Closed on
Nov 8, 2021
Sold by
Shore Thing Vacation Homes Llc
Bought by
Manifest Black Llc
Seller's Agent
Shawna Kiricoples
Beach House Brokers, LLC
Buyer's Agent
Michelle Gardner
ROG OBX, Inc
List Price
$1,990,000
Sold Price
$1,875,000
Premium/Discount to List
-$115,000
-5.78%
Total Days on Market
162
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,139
Avg. Annual Appreciation
1.87%
Original Mortgage
$1,404,000
Outstanding Balance
$1,300,275
Interest Rate
3.01%
Mortgage Type
Commercial
Estimated Equity
$703,864
Purchase Details
Listed on
May 14, 2013
Closed on
Sep 16, 2013
Sold by
Vantagesouth Bank
Bought by
Shore Thing Vacation Homes Llc
Seller's Agent
Caroline Basnight
Basnight Realty
Buyer's Agent
Mike Bishal
Great Escapes Vacations & Sales
List Price
$395,000
Sold Price
$290,000
Premium/Discount to List
-$105,000
-26.58%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.77%
Purchase Details
Closed on
Feb 14, 2013
Sold by
Farrow Betty Ann and Oneal Betty Ann
Bought by
The East Carolina Bank
Similar Home in Salvo, NC
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Manifest Black Llc | $1,875,000 | First American Mortgage Sln | |
| Shore Thing Vacation Homes Llc | $290,000 | None Available | |
| The East Carolina Bank | $435,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Manifest Black Llc | $1,404,000 | |
| Previous Owner | Farrow Betty A | $485,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/12/2021 11/12/21 | Sold | $1,875,000 | -2.8% | $466 / Sq Ft |
| 09/08/2021 09/08/21 | Pending | -- | -- | -- |
| 06/03/2021 06/03/21 | Price Changed | $1,930,000 | -3.0% | $479 / Sq Ft |
| 03/30/2021 03/30/21 | For Sale | $1,990,000 | +586.2% | $494 / Sq Ft |
| 09/24/2013 09/24/13 | Sold | $290,000 | -26.6% | -- |
| 09/09/2013 09/09/13 | Pending | -- | -- | -- |
| 05/14/2013 05/14/13 | For Sale | $395,000 | -- | -- |
Source: Outer Banks Association of REALTORS®
Tax History Compared to Growth
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 | $7,462 | $1,146,700 | $408,500 | $738,200 |
| 2023 | $7,208 | $1,176,228 | $408,500 | $767,728 |
| 2022 | $7,090 | $1,176,228 | $408,500 | $767,728 |
| 2021 | $6,973 | $1,176,228 | $408,500 | $767,728 |
| 2020 | $6,956 | $1,176,228 | $408,500 | $767,728 |
| 2019 | $6,586 | $923,400 | $293,400 | $630,000 |
| 2018 | $6,586 | $923,400 | $293,400 | $630,000 |
| 2017 | $6,586 | $923,400 | $293,400 | $630,000 |
| 2016 | $5,744 | $863,900 | $293,400 | $570,500 |
| 2014 | $1,888 | $293,400 | $293,400 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Shawna Kiricoples
Seller's Agent in 2021
Shawna Kiricoples
Beach House Brokers, LLC
(252) 489-5084
2 in this area
19 Total Sales
-
Michelle Gardner
Buyer's Agent in 2021
Michelle Gardner
ROG OBX, Inc
(252) 715-1911
1 in this area
35 Total Sales
-
Caroline Basnight
Seller's Agent in 2013
Caroline Basnight
Basnight Realty
(252) 216-6703
2 in this area
189 Total Sales
-
Mike Bishal
Buyer's Agent in 2013
Mike Bishal
Great Escapes Vacations & Sales
(252) 207-4554
47 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 113592
APN: 013200000
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