NOT LISTED FOR SALE
4 Beds
4 Baths
1,878 Sq Ft
0.34 Acres

Last Sold May 22, 2017

Last sale price $170,000 $91 Per Sq Ft

476 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Boat Dock
  • Lake View
  • First Flight Middle School Rated A-
  • Gated Community
  • Clubhouse

About This Home

As of May 2017

You are purchasing 2 apartments/units in 1 building/dwelling for a total of 4 bedrooms, 2 Baths, 2 Half Baths, 1878+/- heated SF in this DUPLEX/MULTI-FAMILY property. This is a legal duplex with two (2) side-by-side units each with 2 bedrooms, 1.5 baths, 939 sf Reverse Floor plan. Yes, 2 electric meters, 2 water, etc. The Left side is #C and the right side is #D. OWNERSHIP SCENARIOS... INVESTOR-Very strong possibility of rental numbers estimating a R.O.I. over 10% with needed updates/repairs. Since our area offers very limited AFFORDABLE year-round housing, finding tenants should not worry investors. STARTER HOME for 2 families wanting separate space but in same building LIVE IN ONE WHILE REMODELING OTHER SIDE, "Sweat Equity" OWNING W/ ANOTHER - 2 families wanting to purchase together for affordability. Sellers rented this year-round through a rental management company since 1995 purchase through December 2016. Maintenance and repairs were always completed as per tenant requests. All new windows installed 2016, HVAC installed for Unit C in summer of 2015. Now that the tenants are out and the rental management company gone, we realize the property needs work/updates if investor wants to put back on year-round rental market, therefore reflected in the nice price reduction on 2.26.17. Property sits on a "lake" with some nice water views.

Last Agent to Sell the Property

Stephanie Massoth

Stephanie Massoth Sole Proprietorship License #265971 Listed on: 12/05/2015

Last Buyer's Agent

Stephanie Massoth

Stephanie Massoth Sole Proprietorship License #265971 Listed on: 12/05/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,223

Year Built

  • Built in 1984

Lot Details

  • 0.34 Acre Lot
  • 50 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Level Lot
  • Wooded Lot

HOA Fees

  • $20 Monthly HOA Fees

Parking

  • Unpaved Parking

Property Views

  • Lake
  • Pond

Home Design

  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 1,878 Sq Ft Home
  • Skylights
  • Living Room
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom

Outdoor Features

  • Sun Deck
  • Covered Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 147

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, security, tennis courts
  • 2 Units
  • Colington Harbour Asso. Association, Phone Number (252) 441-5886
  • Built by K. Lacy
  • Colington Hrbr Subdivision

Recreation

  • Boat Dock
  • Tennis Courts
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,223

Year Built

Built in 1984

Lot Details

0

HOA Fees

$20 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Through Colington Harbour Gate. Continue on right. Take Right onto Harbour Rd. Duplex less than a mile on the left. Caution: it's easy to miss. When you see a handful of black mailboxes on the right side of the road, that's when you turn left into the shared driveway. The listing is the gray building on the right.
  • Extras: Covered Decks, Sun Deck
  • Flood Zone: AE, X
  • Subdivision Name: Colington Harbour
  • Headline: 2 PROPERTIES IN 1 BUILDING!
  • Heated Sq Ft: 1878
  • Roads: Private
  • Sale/Rent: For Sale
  • Section: H
  • Waterfront Location: Lakefront
  • Zoning: Res
  • Deed Book Pg Number: 341
  • Office License Number: C7166
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Bedrooms: 4
  • Bedroom 1: On Level: 1
  • Bedroom 2: On Level: 1
  • Kitchen: On Level: 2
  • Countertops: Laminate
  • Floor Coverings: Carpet, Vinyl, Wood Laminate
  • Foundation: Piling
  • Full Bathrooms: 2
  • Interior Amenities: Dryer Connection, Skylight, Washer Connection
  • Living Room: On Level: 2
  • Partial Bathrooms: 2

Exterior Features

  • Homebuilder: K. Lacy
  • Construction: Frame, Wood
  • Exterior: Wood
  • Roof: Asphalt/Fiber Shingle
  • Street Frontage: 50
  • View: Lake/River, Pond
  • Water Frontage: 50

Garage/Parking

  • Parking: Unpaved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Security, Tennis Courts
  • Association Amenities: Boat Ramp, Clubhouse, Gated Community, Outdoor-Comm. Pool, Outdoor-Comm. Tennis
  • Association Fee: Yes
  • Estimated Annual Fee: 238
  • Hoa Contact: Colington Harbour Asso.
  • HOA Contact: 252-441-5886

Lot Info

  • Estimated Lot Sq Ft: 14800
  • Lot Description: Level, Water Frontage, Wooded
  • Lot Size: 50 x 300 appx
  • Lot Number: Lot 147
  • Deed Book: 977

Rental Info

  • Est Annual Rental Income: 24000
  • Estimated Rental Performance: 0.1412
  • Other Expenses: 55200

Building Info

  • Year Built: 1984

Multi Family

  • No. of Units: 2

Tax Info

  • Year: 2016
  • Taxes: 1223.22
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2017 05/22/17 Sold $170,000 -22.6% $91 / Sq Ft
03/25/2017 03/25/17 Pending -- -- --
12/05/2015 12/05/15 For Sale $219,500 -- $117 / Sq Ft
Source: Outer Banks Association of REALTORS®

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 $1,491 $342,300 $96,600 $245,700
2024 $1,169 $187,100 $45,800 $141,300
2023 $1,169 $187,100 $45,800 $141,300
2022 $1,151 $187,100 $45,800 $141,300
2021 $1,132 $187,100 $45,800 $141,300
2020 $1,129 $187,100 $45,800 $141,300
2019 $1,321 $185,500 $55,200 $130,300
2018 $0 $185,500 $55,200 $130,300
2017 $1,296 $182,000 $55,200 $126,800
2016 $1,223 $182,000 $55,200 $126,800
2014 $1,187 $182,000 $55,200 $126,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Outer Banks Association of REALTORS®

MLS Number: 90435

Outer Banks Association of REALTORS®

APN: 019482000