NOT LISTED FOR SALE

307 E Lake Dr Kill Devil Hills, NC 27948

Estimated Value: $609,000 - $712,000

3 Beds
2 Baths
960 Sq Ft
$684/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $565,000 $589 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,740/month

3 Days on Market

Highlights

  • Beach Access
  • Cathedral Ceiling
  • Covered Deck
  • Coastal Architecture
  • Furnished
  • Outdoor Shower

About This Home

As of February 2022

Kill Devil Hills between the highways! Close to the beach with easy direct beach access! X flood zone. Great income potential! Updated beach cottage with three bedrooms and two baths. Large covered porch, sundeck, LVP flooring throughout, updated fixtures, new furnishings and decor, recently painted, outside shower, storage room and more. This property is centrally located and close to everything the Outer Banks has to offer such as restaurants, shopping and entertainment. Swellsa, the new brewing company, is just down the street as well as The Kill Devil Grill. Enjoy warm summer breezes and the sound of the ocean from the beautiful covered porch. Underneath the house there is a large carport area with plenty of room for parking and a great area for outdoor living. This property is low maintenance and move in ready. A must see!!

Last Agent to Sell the Property

Brad Beacham

Landmark Sotheby's Internation License #194377 Listed on: 01/10/2022

Landmark Sotheby's Internation

Last Buyer's Agent

Jessica Evans

License #314622

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,142

Year Built

  • Built in 1986

Lot Details

  • 6,000 Sq Ft Lot

Home Design

  • Coastal Architecture
  • Beach Box Architecture
  • Asphalt Shingled Roof
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 960 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Beach Access
  • Sun Deck
  • Covered Deck

Utilities

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

Community Details

  • Lake Drive Dev Subdivision

Listing and Financial Details

  • Tax Lot 10

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,142

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Beach Box, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Outside Shower, Sun Deck
  • Flood Zone: X
  • Headline: Updated - Direct Beach Access
  • Heated Sq Ft: 960
  • L V T Date: 01/10/2022
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Advertised Income 2022: 63223
  • Deed Book Pg Number: 0400
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C7166
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 3
  • Countertops: Laminate
  • Electronic Locks: Owned
  • Floor Coverings: Vinyl Tile
  • Foundation: Piling
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Dryer Connection, Washer Connection

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiber Shingle

Garage/Parking

  • Garage: Carport

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 6000
  • Lot Number: Lot 10
  • Estimated Lot Size: 0.14
  • Deed Book: 0936

Rental Info

  • Rental Co: Managed by Homeowner

Building Info

  • Year Built: 1986

Tax Info

  • Year: 2021
  • Taxes: 2142

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2022
Closed on
Feb 16, 2022
Sold by
Eastman Jr Robert F
Bought by
Wharff Kelly Powell and Wharff Charles Thomas
Seller's Agent
Brad Beacham
Landmark Sotheby's Internation
Buyer's Agent
Jessica Evans
List Price
$499,000
Sold Price
$565,000
Premium/Discount to List
$66,000
13.23%
Current Estimated Value
$656,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,324
Avg. Annual Appreciation
3.91%
Original Mortgage
$508,500
Outstanding Balance
$472,181
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$184,143
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Wharff Kelly Powell $3,390,000 Sharp Staylcey
Wharff Kelly Powell $3,390,000 Sharp Staylcey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wharff Kelly Powell $508,500
Closed Wharff Kelly Powell $508,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2022 02/18/22 Sold $565,000 +13.2% $589 / Sq Ft
01/13/2022 01/13/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $499,000 -- $520 / 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 $3,699 $669,800 $369,800 $300,000
2024 $2,283 $296,400 $165,800 $130,600
2023 $2,279 $301,624 $165,800 $135,824
2022 $2,178 $302,332 $165,800 $136,532
2021 $2,141 $297,130 $165,800 $131,330
2020 $2,141 $297,153 $165,800 $131,353
2019 $2,144 $245,700 $154,900 $90,800
2018 $1,748 $245,700 $154,900 $90,800
2017 $2,091 $245,700 $154,900 $90,800
2016 $1,992 $245,700 $154,900 $90,800
2014 $1,919 $245,700 $154,900 $90,800
Source: Public Records

Agents Affiliated with this Home

  • Brad Beacham

    Seller's Agent in 2022

    Brad Beacham

    Landmark Sotheby's Internation

    (252) 202-6920

    39 in this area

    179 Total Sales

    Brad Beacham
    Section Image
  • Jessica Evans

    Buyer's Agent in 2022

    Jessica Evans

    (281) 658-3226

    8 in this area

    46 Total Sales

    Jessica Evans
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 117233

Outer Banks Association of REALTORS®

APN: 008310000

North Carolina Dare County Kill Devil Hills 27948

307 E Lake Dr, Kill Devil Hills, NC

Not Listed for Sale

Detached

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