NOT LISTED FOR SALE

306 Back Rd Ocracoke, NC 27960

Estimated Value: $386,000 - $561,000

3 Beds
2 Baths
1,675 Sq Ft
$292/Sq Ft Est. Value

Last Sold September 14, 2023

Last sale price $475,000 $284 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,241/month

290 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Cottage
  • Ocracoke School Rated 9+
  • Furnished
  • Living Room

About This Home

As of September 2023

This historic Ocracoke home was recently remodeled inside and out and boasts meticulously cared for gardens. Brand new cedar shake siding, wood floors, appliances, impact glass double hung Pella windows, insulation, electrical, and travertine tile and teak bathroom. An expansive living area welcomes you through the front door and empties onto an idyllic back porch that is perfect for relaxing and hosting. Within short walking distance of coffee shops, the harbor, and Ocracoke's finest restaurants. This home would make an excellent vacation rental or year-round residence. Large lot of over 8,000 sq ft. Upstairs is currently being finished creating a master suite with full bath and a large private balcony. The entire house is also being upgraded with the addition of central air and heat. Other upgrades include a new roof in 2017 and new hot water heater. A new 3 bedroom septic system is currently being installed. This home is approved on the FEMA list to be raised and this can be transferred to the buyer at closing.

Last Agent to Sell the Property

William Adams

The Rich Company of Ocracoke/OBX License #336776 Listed on: 07/18/2022

Co-Listed By

William Rich

The Rich Company of Ocracoke/OBX License #25611

Last Buyer's Agent

William Adams

The Rich Company of Ocracoke/OBX License #336776 Listed on: 07/18/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,104

Year Built

  • Built in 1942

Lot Details

  • 8,000 Sq Ft Lot
  • Property is zoned Mixed

Home Design

  • Cottage
  • Masonry Perimeter Foundation
  • Asphalt Shingled Roof
  • Shake Siding

Interior Spaces

  • 1,675 Sq Ft Home
  • Furnished
  • Family Room
  • Living Room
  • Dining Room

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Utilities

  • Municipal Utilities District Water
  • Fuel Tank
  • Private or Community Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,104

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Cottage
  • Flood Zone: AE
  • Headline: Beach Cottage on Back Rd
  • Heated Sq Ft: 1675
  • L V T Date: 07/18/2022
  • Primary Residence: Yes
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Zoning: Mixed
  • Deed Book Pg Number: 172
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C34999
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bedroom 1: On Level: 1
  • Bedroom 2: On Level: 2
  • Kitchen: On Level: 1
  • Floor Coverings: Ceramic Tile, Wood
  • Foundation: Masonry
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: Pantry
  • Dining Room: On Level: 1
  • Family Room: On Level: 1
  • Living Room: On Level: 1

Exterior Features

  • Construction: Wood
  • Exterior: Shakes
  • Roof: Asphalt/Fiber Shingle

Utilities

  • Fuel Tanks: Leased
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 8000
  • Estimated Lot Size: 0.18
  • Deed Book: 274

Building Info

  • Year Built: 1942

Tax Info

  • Year: 2021
  • Taxes: 2104.49

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Sep 5, 2023
Sold by
Ramunni Joseph C and Ramunni Lauren C
Bought by
Knight Benjamin John and Fitch Knight Margaret
Seller's Agent
William Adams
The Rich Company of Ocracoke/OBX
Buyer's Agent
William Adams
The Rich Company of Ocracoke/OBX
List Price
$795,000
Sold Price
$475,000
Premium/Discount to List
-$320,000
-40.25%
Views
683
Current Estimated Value
$551,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,963
Avg. Annual Appreciation
1.28%

Purchase Details

Closed on
Mar 17, 2023
Sold by
Ramunni Joseph C and Ramunni Lauren C
Bought by
Deluca Family Properties Llc

Purchase Details

Listed on
May 2, 2016
Closed on
Jul 27, 2017
Sold by
Hampton Gayle L and Hampton Patricia G
Bought by
Ramunni Joseph C and Strohi Lauren C
Seller's Agent
Martha Garrish
Village Realty Holdings dba Ocracoke Island Realty
Buyer's Agent
Donna Drilling
Village Realty Holdings dba Ocracoke Island Realty
List Price
$329,000
Sold Price
$215,000
Premium/Discount to List
-$114,000
-34.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.37%
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
Knight Benjamin John -- None Listed On Document
Deluca Family Properties Llc $225,000 --
Ramunni Joseph C -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2023 09/14/23 Sold $475,000 -4.8% $284 / Sq Ft
05/04/2023 05/04/23 Pending -- -- --
02/24/2023 02/24/23 Price Changed $499,000 +25.1% $298 / Sq Ft
01/06/2023 01/06/23 Price Changed $399,000 -6.1% $238 / Sq Ft
11/01/2022 11/01/22 Price Changed $425,000 -10.5% $254 / Sq Ft
10/03/2022 10/03/22 Price Changed $475,000 -36.6% $284 / Sq Ft
08/04/2022 08/04/22 Price Changed $749,000 -5.8% $447 / Sq Ft
07/18/2022 07/18/22 For Sale $795,000 +269.8% $475 / Sq Ft
08/30/2017 08/30/17 Sold $215,000 -34.7% $179 / Sq Ft View Prior Sale
07/11/2017 07/11/17 Pending -- -- --
05/02/2016 05/02/16 For Sale $329,000 -- $274 / 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 $4,095 $445,074 $217,500 $227,574
2023 $2,091 $193,344 $127,500 $65,844
2022 $2,180 $238,220 $212,500 $25,720
2021 $2,104 $0 $0 $0
2020 $1,882 $238,220 $212,500 $25,720
2019 $2,161 $0 $0 $0
2018 $2,161 $277,106 $212,500 $64,606
2017 $2,450 $376,983 $306,000 $70,983
2016 $2,450 $376,983 $306,000 $70,983
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 119737

Outer Banks Association of REALTORS®

APN: 9500394779