Seller's Agent in 2021
Shawna Kiricoples
Beach House Brokers, LLC
(252) 489-5084
2 in this area
19 Total Sales
27251 Farrow Dr Salvo, NC 27972
Salvo Neighborhood
0.36
Acre
$814,994
Price per Acre
15,500
Sq Ft Lot
About This Lot
As of November 2021Only Oceanfront lot left in Farrow Shores. Great corner lot with rolling double dunes. Beautiful, wide, flat beach. This is a great investment opportunity. Build your dream vacation home or rental machine. Lot surrounded by well maintained homes. This area does not even require a Cama permit to build!! It doesn't get any better than this!
Last Agent to Sell the Property
Basnight Realty License #222115 Listed on: 05/14/2013
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,913
Lot Details
- 0.36 Acre Lot
- Beach Front
- 80 Feet of Waterfront
- Property is zoned S1
Property Views
- Ocean Views
Utilities
- Municipal Utilities District Water
- Private or Community Septic Tank
Community Details
- Farrow Shores Subdivision
Listing and Financial Details
- REO, home is currently bank or lender owned
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%
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
$38,398
Avg. Annual Appreciation
1.80%
Original Mortgage
$1,404,000
Outstanding Balance
$1,292,258
Interest Rate
3.01%
Mortgage Type
Commercial
Estimated Equity
$711,414
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,875,000 | First American Mortgage Sln | |
| Special Warranty Deed | $290,000 | None Available | |
| Deed In Lieu Of Foreclosure | $435,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,404,000 | Commercial | |
| Previous Owner | $485,000 | Commercial |
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
-
-
Buyer's Agent in 2021
Michelle Gardner
ROG OBX, Inc
(252) 715-1911
1 in this area
34 Total Sales
-
Seller's Agent in 2013
Caroline Basnight
Basnight Realty
(252) 216-6703
2 in this area
189 Total Sales
-
Buyer's Agent in 2013
Mike Bishal
Great Escapes Vacations & Sales
(252) 207-4554
49 Total Sales
Map
Source: Outer Banks Association of REALTORS®
MLS Number: 79097
APN: 013200000
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