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

Sale Details

Date Sold: May 22, 2017

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

476 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Community 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

  • 14,800 Sq Ft 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

  • Community 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

0.34 Acres

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 90435

Outer Banks Association of REALTORS®

APN: 019482000

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