NOT LISTED FOR SALE

393 Silver Lake Dr Ocracoke, NC 27960

Estimated Value: $779,000 - $2,336,000

4 Beds
3.5 Baths
2,790 Sq Ft
$589/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $1,600,000 $573 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $9,874/month

5 Days on Market

Highlights

  • Beach Front
  • Coastal Architecture
  • Wood Flooring
  • Views of a Sound
  • Cathedral Ceiling
  • Furnished

About This Home

As of October 2021

All we can say is "WOW!!" There truly are not enough words to describe this amazing sound front property in Ocracoke!! If you are looking for the perfect year round residence, vacation home or investment opportunity, look no further than "Beulah Land". This gorgeously decorated and maintained custom 4 bedroom/3 full and 1 half bath home will absolutely steal your heart! This incredible home offers amenities nearly too numerous to mention, but let's have a try...beautiful LARGE landscaped lot; private beach with bulkhead; outdoor shower; free standing guest house; gorgeous hardwood floors; master suite with walk-in closet, soaking tub and custom steam shower; incredible screened porch; floor to ceiling windows; 2 sided gas fireplace; incredible kitchen with granite counter tops and stainless appliances; unique design features; dining room with barrel vaulted ceiling; decks galore and views, views, VIEWS! But wait...as if that is not enough, the beautiful floor to ceiling glass doors to the incredible screened porch COMPLETELY FOLD AWAY, adding to the drama of the dining and living area and opening up the entire floor to the outdoors! This incredible one-of-a-kind home truly has it all and must be seen to be believed!! No wonder this property is such a stellar rental performer with more than $98K on the books for 2021! In fact, with an open calendar, this home is projected to book more than $133K in rents! This is one you do NOT want to miss. Your sunsets await...come and make "Beulah Land" your own...visit today!!

Last Agent to Sell the Property

Trisha Midgett

Midgett Realty - Rodanthe License #162204 Listed on: 10/07/2021

Last Buyer's Agent

Bill Rich

The Rich Company of Ocracoke/OBX License #156074

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,403

Year Built

  • Built in 2011

Lot Details

  • 0.26 Acre Lot
  • Beach Front
  • Home fronts a sound
  • Landscaped
  • Level Lot

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Piling Construction

Interior Spaces

  • 2,790 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Entrance Foyer
  • Screened Porch
  • Views of a Sound

Kitchen

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

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Covered Deck

Utilities

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

Community Details

  • Garrish Subdivision

Listing and Financial Details

  • Tax Lot 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,403

Year Built

Built in 2011

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Contemporary, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Landscaped, Outside Shower, Screened Porch, Inside Laundry Room
  • Flood Zone: AE
  • Headline: Stunning Soundfront Home!!
  • Heated Sq Ft: 2790
  • L V T Date: 10/07/2021
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Soundfront
  • Zoning: Res
  • Deed Book Pg Number: 804
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C0569
  • 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: 4
  • Countertops: Granite
  • Floor Coverings: Ceramic Tile, Hardwood
  • Foundation: Piling
  • Full Bathrooms: 3
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Cathedral Ceiling(s), Gas Connection, Gas Fireplace, Ensuite, Walk in Closet
  • Optional Rooms: Foyer
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Shakes
  • Roof: Asphalt/Fiber Shingle
  • View: Sound

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Fuel Tanks: Leased
  • Sewer/Septic System: Private Septic
  • Water: Municipal

Lot Info

  • Estimated Lot Sq Ft: 11114
  • Lot Description: Beach Frontage, Bulkheaded, Level, Water Frontage
  • Lot Number: Lot 2
  • Estimated Lot Size: 0.26
  • Deed Book: 241

Rental Info

  • Est Annual Rental Income: 98378
  • Estimated Rental Performance: 0.0615
  • Lease Terms: Variable
  • Rental Co: Blue Heron Realty
  • Rental Cottage Name: Beulah Land
  • Rental Phone Number: 252-928-7117
  • Rental Turnover Day: Various
  • Rental Contact Email: jennifer@blueheronvacations.com
  • Rental Contact Name: Jennifer Esham

Building Info

  • Year Built: 2011

Tax Info

  • Year: 2020
  • Taxes: 7402.69

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Oct 26, 2021
Sold by
Collins Todd S and Collins Susan Burt
Bought by
Hurd Lyn
Seller's Agent
Trisha Midgett
Midgett Realty - Rodanthe
Buyer's Agent
Bill Rich
The Rich Company of Ocracoke/OBX
List Price
$1,650,000
Sold Price
$1,600,000
Premium/Discount to List
-$50,000
-3.03%
Current Estimated Value
$1,642,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,113
Avg. Annual Appreciation
0.68%

Purchase Details

Closed on
May 19, 2010
Sold by
Garrish Wilson J and Garrish Martha K
Bought by
Collins Todd S and Collins Susan Burt
Source: Public Records

Range of Values:

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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
Hurd Lyn $1,600,000 None Available
Collins Todd S $650,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2021 10/28/21 Sold $1,600,000 -3.0% $573 / Sq Ft
10/12/2021 10/12/21 Pending -- -- --
10/07/2021 10/07/21 For Sale $1,650,000 -- $591 / 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 $11,957 $1,272,062 $742,500 $529,562
2023 $9,792 $935,569 $550,000 $385,569
2022 $8,574 $937,049 $550,000 $387,049
2021 $7,637 $937,049 $550,000 $387,049
2020 $7,403 $937,049 $550,000 $387,049
2019 $7,403 $937,049 $550,000 $387,049
2018 $0 $937,049 $550,000 $387,049
2017 $5,682 $874,192 $475,000 $399,192
2016 $5,682 $874,192 $475,000 $399,192
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: 116378

Outer Banks Association of REALTORS®

APN: 9500096384