NOT LISTED FOR SALE

Estimated Value: $488,000 - $555,000

5 Beds
2 Baths
1,584 Sq Ft
$320/Sq Ft Est. Value

Last Sold January 18, 2013

Last sale price $166,000 $105 Per Sq Ft

Est. 206% increase in value since last sale

Current estimated payment $2,833/month

50 Days on Market

Highlights

  • Wooded Lot
  • In-Law or Guest Suite
  • Ceiling Fan
  • Beach Box Architecture
  • Tile Flooring
  • Baseboard Heating

About This Home

As of January 2013

Wow, fantastic price for this aswsome beach box. Primary, 2nd, or rental investment home. Upstairs has 3 bedrooms, 1 bath and large living area while downstairs has 2 bedrooms, 1 bath, living and kitchen combo area. Ocean Acres is a community septic subdivision.

Last Agent to Sell the Property

Phyllis Bosomworth

Hall & Nixon Real Estate Inc License #46993 Listed on: 10/16/2012

Last Buyer's Agent

Kim Stembridge

Default, Office License #232299

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $845

Year Built

  • Built in 1980

Lot Details

  • 7,521 Sq Ft Lot
  • Lot Dimensions are 69 x 109
  • Level Lot
  • Wooded Lot

Parking

  • Tuck Under Parking

Home Design

  • Beach Box Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Lap Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 1,584 Sq Ft Home
  • Ceiling Fan
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • In-Law or Guest Suite
  • 2 Full Bathrooms

Outdoor Features

  • Sun Deck
  • Storage Shed

Utilities

  • Baseboard Heating
  • Municipal Utilities District Water
  • Community Sewer or Septic

Community Details

  • Ocean Acres Tract 3 Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Legal Lot and Block # : 14 / D

Home Details

Home Type

Single Family

Est. Annual Taxes

$845

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Beach Box
  • Bank Owned: Yes
  • Directions: Carataoke Hwy to a right onto W. Ocean Acres Dr. Go about 1/2 mile, take the 1st left onto Gunas.
  • Extras: Ceiling Fan(s), Storage Shed, Sun Deck
  • Subdivision Name: Ocean Acres Tract 3 Section 1
  • Headline: Beach Box w/mother-in-law apt.
  • Heated Sq Ft: 1584
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Section: 1
  • Zoning: residentia
  • Deed Book Pg Number: 102
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Range/Oven
  • Bedrooms: 5
  • Floor Coverings: Carpet, Tile, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 2
  • Interior Amenities: Dryer Connection, Washer Connection
  • Optional Rooms: In-Law Apartment

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Vinyl
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: Carport
  • Parking: Under

Utilities

  • Heating: Baseboard
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 7521
  • Lot Description: Level, Wooded
  • Lot Size: 69 X 109
  • Lot Number: Lot # : 14
  • Deed Book: 1740

Rental Info

  • Est Annual Rental Income: 15600
  • Estimated Rental Performance: 0.094
  • Other Expenses: 63600

Building Info

  • Year Built: 1980

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2011
  • Taxes: 845

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2012
Closed on
Dec 19, 2012
Sold by
Federal National Mortgage Association
Bought by
Allen Roderick A and Allen Leslie J
Seller's Agent
Phyllis Bosomworth
Hall & Nixon Real Estate Inc
Buyer's Agent
Kim Stembridge
Default, Office
List Price
$179,900
Sold Price
$166,000
Premium/Discount to List
-$13,900
-7.73%
Current Estimated Value
$507,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$341,283
Avg. Annual Appreciation
8.95%
Original Mortgage
$149,400
Outstanding Balance
$103,607
Interest Rate
3.39%
Mortgage Type
New Conventional
Estimated Equity
$403,676

Purchase Details

Closed on
Aug 2, 2011
Sold by
Williams Gerald T and Williams Vera L
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Allen Roderick A -- None Available
Federal National Mortgage Association $208,687 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Roderick A $149,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2013 01/18/13 Sold $166,000 -7.7% $105 / Sq Ft
12/05/2012 12/05/12 Pending -- -- --
10/16/2012 10/16/12 For Sale $179,900 -- $114 / 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
2025 $2,370 $436,300 $157,500 $278,800
2024 $2,014 $266,600 $87,500 $179,100
2023 $2,014 $266,600 $87,500 $179,100
2022 $1,921 $266,600 $87,500 $179,100
2021 $1,921 $266,600 $87,500 $179,100
2020 $1,921 $266,600 $87,500 $179,100
2019 $1,375 $158,100 $51,500 $106,600
2018 $1,345 $158,100 $51,500 $106,600
2017 $1,345 $158,100 $51,500 $106,600
2016 $1,282 $158,100 $51,500 $106,600
2014 $1,235 $158,100 $51,500 $106,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 76643

Outer Banks Association of REALTORS®

APN: 008435000